At 8:00, here are the latest news: Yu Donglai will conduct a "personal sharing and exchange session", charging 500,000 yuan for a three-hour session; Mosquitoes have been discovered in Iceland for the first time; Li Jiaqi responds to the claim that he lost 2 billion yuan overnight.
Today's Hot Topics Guide
Mercedes-Benz Implements Large-Scale Layoff Plan
CEO of Wa Xiaozhi Makes First Live Appearance
Unitree Technology is renamed "Unitree Technology Co., Ltd."
Pork prices have been falling for 10 consecutive weeks
Trump Sues the Trump Administration for $230 Million
Top 3 Big News
Yu Donglai Announces Charging for "Personal Sharing and Communication": Once a Month, About 3 Hours Each Time, with a Fee of 500,000 Yuan
On October 21st, Yu Donglai posted a message saying, "To facilitate entrepreneurs' learning, I'm planning a program! Any entrepreneur who wants me to directly share and communicate with them can have about three hours of my time each time, with a fee of 500,000 yuan! It'll be at most once a month! All the fees will be used for the path of spreading goodness!" Subsequently, he also posted, "There will also be free sessions where I'll live - stream and share and communicate with everyone online." Yu Donglai posted a series of messages on social media. Besides sharing the concepts of Fat Donglai, he also said, "I'm planning that next year, the Lian Business School will organize an activity where less than ten entrepreneurs will come to Fat Donglai for learning. There will be two - to - three two - day communication activities a year! Each person will be charged 1 million yuan! All the income will be used for the path of spreading goodness!" (Cover News)
Mosquitoes Found in Iceland for the First Time, Shaking Up the Notion of It Being the World's Only Mosquito-Free Country
It is reported that the Icelandic Institute of Natural History has officially confirmed the first discovery of mosquitoes within the country's territory, shattering the long - held belief that Iceland is the world's only mosquito - free country. The report states that local insect enthusiast Haltason shared this crucial finding on his social media. On the evening of October 16, Haltason found three suspected mosquitoes in an insect trap and immediately sent them to the Icelandic Institute of Natural History. Entomologist Matthíasson from the institute confirmed that these three insects belong to the species "Culiseta annulata".
Matthíasson emphasized that this discovery is of great significance. "This is the first time that mosquitoes have been confirmed to be active outdoors in Iceland." Although individual mosquitoes have occasionally been found on flights to Iceland, their presence has never been detected in the outdoor environment before. Regarding the origin of the mosquitoes, Haltason speculated, "They might have come from an industrial area about 6 kilometers away from me. There are year - round cross - border transports of goods by ships and containers there, and it's highly likely that they were brought into Iceland this way." (Global Times)
Mosquitoes Found in Iceland for the First Time
Li Jiaqi Responds to Losing 2 Billion Overnight
Recently, many netizens posted on social platforms saying that "Li Jiaqi lost 2 billion during the Double Eleven shopping festival." In response, Li Jiaqi said during a live - stream, "It's fake, don't believe it." "It's really those people who smear me. Can you come up with a new way? It's the same every year. It's been 10 years already."
According to the Aiqicha App, Li Jiaqi is associated with 19 enterprises, covering areas such as e - commerce, consulting, and media. Among them, 15 are in operation, including Shanghai Renjian Suona Management Consulting Co., Ltd., Ningbo Meiqi E - commerce Co., Ltd., and Shanghai Zhuangjia E - commerce Co., Ltd. In the above - mentioned operating enterprises, Li Jiaqi serves as the legal representative, shareholder, and supervisor. (Modern Express)
Large Companies/Large Events
Mercedes-Benz Implements Large-Scale Layoff Plan Aiming for 30,000 Employees to Leave
According to foreign media reports, Mercedes-Benz has recently been implementing its largest-ever layoff plan. So far, about 4,000 employees have accepted the severance package and left. Among them, senior managers can receive a maximum compensation of 500,000 euros. (Yicai Global)
Mr. Wu Jian, the Chairman of Wa Xiaozhi, Made His First Appearance on Live Stream, Announcing a Promotion of Giving Away an SUV for Purchases Worth 300,000 Yuan
On the evening of October 21st, Mr. Wu Jian, the Chairman of Wa Xiaozhi, made his first appearance on a live stream. He stated, "I also hope that Wahaha will continue to thrive, and so will Wa Xiaozong, our new brand. With such a vast market in China, let's all work together to serve our consumers and distributors well." When it came to the investment promotion policy, the Chairman of Wa Xiaozhi said, "Our entry threshold is extremely low. There are no agency fees or franchise fees. If you make a one - time purchase with an advance payment of 300,000 yuan and make phased purchases afterwards, we will reward you with an SUV. You'll have the free use of it for three years, and it will be yours after that." Currently, 300 county - level regions have been targeted. (Jiemian News)
Stolen Artifacts from the Louvre Were Not Insured, Analysis Says Recovery Possibility Is Low
The French Ministry of Culture said on the 21st that the artifacts robbed from the Louvre Museum were not insured due to relevant legal regulations and insurance costs. This means that if the artifacts cannot be recovered, the French government and the Louvre Museum will not be able to receive insurance compensation. According to the analysis of multiple media outlets, it is highly likely that the criminals will disassemble the stolen artifacts and secretly sell them on the black market. A European jewelry industry insider believes that the possibility of recovering the stolen artifacts is low. "If they are sold after being disassembled, they will disappear from history forever." (Xinhua News Agency)
Unitree Technology Changes Its Name to "Unitree Technology Co., Ltd."
According to the online service platform of the China Securities Regulatory Commission, recently, CITIC Securities, the IPO counseling institution of Unitree Technology, submitted the "Report on the Progress of Counseling Work (First Phase)". The report shows that Unitree Technology has decided to change its name. According to relevant information, Unitree Technology passed the "Proposal on Changing the Company's Name" at the fifth extraordinary general meeting of shareholders in 2025, deciding to change the company's name to "Unitree Technology Co., Ltd." (previously "Hangzhou Unitree Technology Co., Ltd."), and is currently going through the relevant industrial and commercial registration change procedures. (Observer.com)
Pork prices have dropped for 10 consecutive weeks, and mid - October may have been the lowest point of the year
According to the monitoring of the "National Agricultural Product Wholesale Market Price Information System" of the Ministry of Agriculture and Rural Affairs, since August, the average wholesale price of pork has dropped for ten consecutive weeks. Zhu Zengyong, a researcher at the Beijing Institute of Animal Science and Veterinary Medicine of the Chinese Academy of Agricultural Sciences, said that the continuous decline in pork prices is due to the increase in supply. At the end of August and early September this year, due to the increase in previous supply, the pork price did not rise as expected, causing panic selling in the breeding sector. After the National Day holiday, with the decline in seasonal consumer demand, the pork price continued to fall. As for how long the pork price will continue to fall, he said that the pork price in mid - October may have been the lowest point of the year. (China News Service)
JD's new car auction attracted 300,000 people to participate, with the highest bid exceeding 78 million yuan
36Kr learned that at 14:00 on October 22nd, JD's No. 001 "National Good Car" officially started the auction on JD's auction channel, attracting nearly 300,000 people to watch. Finally, after more than 23,000 bids in 4 hours, the final bid exceeded 78 million yuan. On October 14th, JD announced the launch of a new car in collaboration with GAC Group and CATL.
The three major U.S. stock indexes closed down collectively, and most large technology stocks fell
36Kr learned that at the close on October 22, the three major U.S. stock indexes fell collectively. The Dow Jones Industrial Average dropped 0.71%, the S&P 500 Index declined 0.53%, and the Nasdaq Composite Index decreased 0.93%. Most large technology stocks fell. Netflix tumbled more than 10%, hitting its biggest single-day decline since April 2020; Intel dropped more than 3%, Amazon and Apple declined more than 1%, and Tesla and NVIDIA edged down. Microsoft, Google, and Meta edged up. Most popular Chinese concept stocks declined. Pony.ai dropped more than 6%, NetEase tumbled more than 4%, Futu Holdings declined more than 2%, and Baidu, Bilibili, Tiger Brokers, and JD.com dropped more than 1%. Dingdong Maicai rose more than 2%, and Douyu rose more than 1%.
Sam's Club will switch to using tricycles to transport large items, and each platform will promote this across the country in the near future.
Recently, some netizens posted messages saying that the delivery riders of Sam's Club had their electric bikes fully loaded with goods, showing obvious signs of overloading, and questioned the irrationality of Sam's Club's delivery method. On October 22nd, in response to the recent attention on delivery riders having large items hanging all over their electric bikes, Sam's Club told reporters that the company has always been working with various delivery cooperation platforms to promote and optimize relevant safety guarantee measures, including the labeled management of cargo volume, the control of excessive orders for riders, the optimization of the matching between transportation tools and cargo, and the intelligent order - dispatching system, etc., to reduce safety risks from the mechanism. "We are accelerating the implementation of various safety measures with each cooperation platform. Currently, the measure of matching three - wheeled or four - wheeled vehicles according to the cargo has been gradually implemented in some areas, and each platform will promote this across the country in the near future."
Reporters noticed that recently, Sam's Club has cooperated with SF Express and JD.com in Tianjin, Wuhan, Changsha and other places to transport large items by electric tricycles. (New Yellow River)
Lu Weibing Says Xiaomi Has a Chance to Enter the World's Top 100
Recently, Lu Weibing, a partner and president of Xiaomi Group, gave an exclusive interview to Jiemian News, telling the five - year journey of Xiaomi's high - end strategy from exploration, setbacks to full breakthrough, and interpreting how the high - end strategy has profoundly changed Xiaomi into a hardcore technology company with rigorous processes and a large - scale team. Lu Weibing said that in terms of financial results, there is a chance to see Xiaomi among the world's top 100 in the next five years, and chips and AI will be crucial. (Jiemian News)
Netflix Responds to Rumors of Acquiring Warner Bros. Discovery: "We Have No Intention of Acquiring Traditional Media Networks"
After Warner Bros. Discovery announced that it was exploring a spin-off plan (including a potential overall sale), Netflix co-CEO Ted Sarandos denied the rumors of a merger between the two companies on the 21st. "We've made it clear in the past that we have no intention of acquiring traditional media networks," Sarandos said during the company's Q3 earnings conference call. "That position hasn't changed at all." (Sina Finance)
Yang Bing, CEO of OceanBase under Ant Group, issued an all-staff letter to launch the "Global Expansion Program"
On October 22, Yang Bing, CEO of OceanBase, a leading database company under Ant Group, issued an internal letter titled "Fully Embrace Globalization" to all employees, announcing that the company's globalization strategy has been comprehensively accelerated and officially launched the "GO GLOBAL GO Program - Global Expansion Program". (Shanghai Securities News)
The iPhone Air has the lowest premium across the entire Apple product line, and some scalpers' premiums are less than 100 yuan
The iPhone Air officially went on sale on October 22. However, compared with the grand occasion on the launch day of the Apple iPhone 17 series, the popularity of the iPhone Air both online and offline has cooled down. In the resale market, the iPhone Air has become the version with the lowest premium across the entire iPhone 17 product line. According to information from the Dewu platform, one hour after the official launch, the market premium for the 256GB Deep Space Black version of the iPhone Air was 350 yuan, and the premium for the 1TB version was 500 yuan, making it the one with the lowest premium across the entire iPhone 17 product line. Market data from the Xianyu platform also shows that 68% of users expect the price of the iPhone Air to decline. After inquiring with several Xianyu sellers, it was found that the average price of the 256GB iPhone Air on the platform is around 8,000 - 8,200 yuan, and some scalpers' premiums are less than 100 yuan. (Yicai Global)
Apple to Launch First Foldable iPad with a Potential Price Close to $3,000
It is reported that Bloomberg journalist Mark Gurman said that the price of Apple's first foldable iPad could be close to $3,000 (Note: approximately 21,292 Chinese yuan at the current exchange rate), and it won't hit the market until 2029 at the earliest. The company has been working on this device for years. Its estimated cost is about $3,000, and it was recently planned to be released in 2028. However, according to people familiar with the matter, engineering problems related to weight, functionality, and display technology have postponed its possible debut to 2029 or later. (Sina Hot News)
EU Study: AI Is Not a Reliable News Source
Nowadays, more and more people are using AI assistants to get news. However, a study released by the European Broadcasting Union on the 22nd showed that when asked about news events, about half of the responses given by the AI assistants widely used in Europe and the United States at present were incorrect. Researchers reminded the public that AI assistants are not a reliable channel for getting news at this stage, and at the same time urged relevant AI companies to take corresponding responsibilities to make improvements. (Xinhua News Agency)
Hermès' Sales Rose 9.6% in Q3, with Improved Performance in the Chinese Market
Hermès announced on the 22nd that its sales rose 9.6% in the third quarter of this year, outperforming its peers. The company saw a slight improvement in its performance in China, a key market. Eric Derhamgüe, the chief financial officer of L'Oréal, said in a conference call, "One can notice a very slight improvement in the third quarter (in Greater China)." In the three months ended September 30, the company's sales reached 3.88 billion euros (equivalent to $4.52 billion), up 9.6%, roughly in line with analysts' expected growth of 10%. The company's leather goods business saw a 13.3% increase in sales in the third quarter, including classic Birkin, Constance and Kelly handbags. (Sina Finance)
Samsung Electronics' stock price soars 85% this year, propelling Samsung Group's market value to exceed 90 trillion won for the first time
Data released on October 22 showed that boosted by the positive performance of its semiconductor - maker Samsung Electronics, Samsung Group's total market value exceeded 90 trillion won for the first time on the 23rd. According to data from the Korea Exchange, Samsung Group's total market value reached 907.9 trillion won (US$634.4 billion), a 67% increase from 543.3 trillion won at the end of last year. The stock price of Samsung Electronics, a subsidiary of the group, rose from 53,200 won on December 31 last year to 98,600 won on the 23rd, a cumulative increase of 85.3%. In recent weeks, driven by the rise of Wall Street technology stocks and the optimistic prospects of the chip industry brought about by the boom in the artificial intelligence (AI) market, Samsung Electronics' stock price has risen significantly. (Sina Finance)
Over 800 Tech Leaders, Including the "Godfather of AI", Jointly Call for a Halt to Superintelligence Development
More than 800 well - known figures, including Apple co - founder Steve Wozniak and Virgin Group Chairman Richard Branson, recently signed an open statement calling for an immediate halt to the development of superintelligence.
This unprecedented joint statement warns that artificial intelligence (AI) systems that surpass human intelligence pose risks ranging from economic collapse to human extinction. This statement is equivalent to pouring cold water on the AI model competition that OpenAI, Meta, and other tech giants are vigorously promoting and could become a major turning point in the AI industry. (Cailian Press)
Meta Cuts About 600 AI Jobs to Improve Decision-Making Efficiency
Meta laid off about 600 employees in its artificial intelligence division, the Meta Super Intelligence Lab (MSL), to gain momentum in the fierce AI competition. An internal memo showed that employees affected by the layoffs were notified on the 22nd, but the newly established TBD Lab team, which has gathered many highly - paid new talents, was not affected. "By reducing the team size, we will have fewer communication steps when making decisions. Each member will take on more responsibilities and have greater scope and influence," Meta's Chief AI Officer Alexandr Wang wrote in a memo to colleagues. (Sina Finance)
Trump Sues the Trump Administration for $230 million
On October 21 local time, US President Donald Trump confirmed at the White House that the US Department of Justice "owes" him a large sum of money due to a series of investigations and prosecutions launched against him by the US government previously. It is reported that Trump has initiated an administrative appeal process, stating that his rights were violated during multiple federal investigations and is seeking a huge compensation of up to $230 million on this basis. He emphasized in his speech that the person who will ultimately approve this compensation will be himself. This situation has no precedent in US political and judicial history. "This decision will ultimately pass through my desk. It's quite strange to be in a situation where I have to decide whether to compensate myself," Trump said. He claimed that if he gets the compensation, he will "do some good things with the money," such as donating it to charities or using it for the renovation of the White House. (Yicai Global)
Trump's Plan to Promote Coca - Cola's Use of Sucrose Encounters Supply Chain Hurdles
President Donald Trump once pushed Coca - Cola to use U.S. - produced sucrose to make Coke. The problem is that the carbonated beverage producer can neither obtain enough sucrose nor has sufficient production capacity to achieve large - scale promotion of the product. John Murphy, the chief financial officer of Coca - Cola, said in an interview with Bloomberg on the 21st that the company has started to launch Coke made with U.S. sucrose, but the promotion scale is limited by the supply of U.S. sucrose and the ability to increase the production capacity of glass bottles. "We will adopt a step - by - step promotion approach," Murphy said. "The quantity of sucrose available in the United States is limited." (Sina Finance)
SpaceX Says It Has Identified and Disconnected Over 2,500 Starlink Devices Around Scam Centers in Myanmar
Lauren Dreyer, vice president of American aerospace company SpaceX, said on social media on October 21 that the company had identified over 2,500 Starlink devices around scam centers in Myanmar and rendered them inoperable. Dreyer said in a post that the company had "actively identified" and disabled over 2,500 Starlink devices "around suspected scam centers" in Myanmar.
According to a report by Myanmar's official media on the 20th, Myanmar's Defense Services recently carried out a crackdown on scam centers in the country's border areas and seized 30 Starlink receivers and accessories from American aerospace company SpaceX. (Xinhua)
Frequent aviation safety accidents: A U.S. Senate committee passes an airspace control bill
On the 21st, the U.S. Senate Committee on Commerce, Science, and Transportation passed a bipartisan aviation safety bill, requiring all aircraft to activate the ADS - B system for tracking aircraft in controlled airspace. In January this year, a U.S. passenger plane collided with an Army helicopter and crashed into a river, killing 67 people. The helicopter did not activate the system at the time of the incident. ADS - B, or Automatic Dependent Surveillance - Broadcast, can transmit data such as the aircraft's position to air traffic control towers and other aircraft in the same airspace. Civil aviation aircraft must activate the ADS - B system, but the U.S. Federal Aviation Administration allowed military aircraft to turn off the system in rare cases in 2019. (CCTV News)
Going public in progress
BlisTianheng
36Kr learned that according to the Hong Kong Stock Exchange, Sichuan BlisTianheng Pharmaceutical Co., Ltd. has passed the listing hearing on the main board of the Hong Kong Stock Exchange. Goldman Sachs, J.P. Morgan, and CITIC Securities are its joint sponsors.
The Cutting - Edge of AI
OpenAI Launches ChatGPT Atlas Web Browser
OpenAI launched its ChatGPT Atlas web browser on October 21st, a move that will further intensify the company's competition with Google. OpenAI said that this browser is built around ChatGPT and aims to integrate the chatbot into the overall browsing experience. "You can open the ChatGPT sidebar on any page and directly summarize, interpret content or handle tasks within the same window," wrote Figgie Simo, the CEO of OpenAI's application business, in a blog post. (Sina Finance)
OpenAI Launches Secret Project to Train AI for Tedious Tasks of Junior Bankers
OpenAI is leveraging over 100 former investment bankers to train its artificial intelligence on how to build financial models, aiming to replace the tedious and complex tasks that junior bankers in the entire industry spend a great deal of time and effort on. Documents show that the team consists of former employees from JPMorgan Chase, Morgan Stanley, and Goldman Sachs, and is part of a confidential project within OpenAI codenamed "Mercury". A person familiar with the matter said that participants are paid $150 per hour and are responsible for writing prompts and building financial models for various types of transactions, including restructurings and initial public offerings. OpenAI also provides participants with early access to the artificial intelligence it is developing, which is designed to replace the tasks of entry - level investment banking positions. (Sina Finance)
Baichuan Releases Evidence-Enhanced Large Model M2 Plus
36Kr learned that on October 22, Baichuan Intelligence released the evidence-enhanced medical large model Baichuan-M2 Plus, simultaneously upgraded its supporting application Baixiaoying, and opened up its API. Evaluations show that the medical hallucination rate of M2 Plus is significantly lower than that of general large models and outperforms the most popular medical product in the United States, OpenEvidence.
Samsung and SK Hynix Unveil Latest HBM4 Chips, Set to Compete in the Sixth-Generation AI Chip Market
On the 22nd, Samsung Electronics and SK Hynix showcased their latest high-bandwidth memory (HBM) chips at the 2025 Semiconductor Exhibition in Seoul, indicating that the two companies will engage in fierce competition in the sixth-generation artificial intelligence (AI) chip market. HBM is an advanced high-performance memory chip and an important component of the graphics processing units (GPUs) that NVIDIA uses to power generative AI systems. (Sina Finance)
Financial Reports of Large Companies
Tesla: Achieved $28.1 billion in revenue in the third quarter, a 12% year-on-year increase
36Kr learned that Tesla released its financial report for the third quarter of 2025. Tesla achieved $28.1 billion in revenue in the third quarter, a 12% year-on-year increase; the net profit was $1.37 billion, a 37% year-on-year decrease.
China Unicom: The profit attributable to the company's equity holders in the first three quarters was 20 billion yuan, a year-on-year increase of 5.1%
36Kr learned that China Unicom announced that its operating income in the first three quarters was 293 billion yuan, a year-on-year increase of 1.0%; the profit attributable to the company's equity holders in the first three quarters was 20 billion yuan, a year-on-year increase of 5.1%.
IBM's revenue in the third quarter was $16.33 billion, higher than market expectations
IBM's revenue in the third quarter was $16.33 billion, compared with the market estimate of $16.1 billion; the free cash flow in the third quarter was $2.37 billion, compared with the estimate of $2.21 billion. IBM expects the full - year free cash flow to be $14 billion, while the market estimate is $13.48 billion. (Jiemian News)
Flush: Net profit in the third quarter was 704 million yuan, a year-on-year increase of 144.50%
36Kr learned that Flush announced that its revenue in the third quarter of 2025 was 1.481 billion yuan, a year-on-year increase of 56.72%; the net profit was 704 million yuan, a year-on-year increase of 144.50%. The revenue in the first three quarters was 3.261 billion yuan, a year-on-year increase of 39.67%; the net profit was 1.206 billion yuan, a year-on-year increase of 85.29%.
Hengdian Film and Television: Net profit of 3.8393 million yuan in the third quarter
36Kr learned that Hengdian Film and Television announced that in the third quarter of 2025, its operating income was 522 million yuan, a year-on-year increase of 15.9%; the net profit was 3.8393 million yuan. In the first three quarters, the operating income was 1.895 billion yuan, a year-on-year increase of 17.28%; the net profit was 206 million yuan, a year-on-year increase of 1084.8%.
Cool Products
HarmonyOS 6 Official Version Released, Supporting Mutual Data Transfer with Apple Devices
Huawei held the "HarmonyOS 6 Special Launch" event, and the official version of HarmonyOS 6 made its debut. Yu Chengdong, Executive Director of Huawei and CEO of the Consumer Business Group, stated that HarmonyOS 6 will achieve cross - ecosystem interconnection, supporting mutual data transfer with Apple devices. It doesn't require mobile data, and data can be quickly transferred in the near - field, breaking the boundaries between devices and allowing data to flow more freely. (Shanghai Securities News)
Apple's iPhone Air for the Chinese mainland is officially on sale
36Kr learned that Apple's official website in China shows that the iPhone Air is officially on sale. This model is activated via eSIM and does not support physical SIM cards. China Mobile, China Telecom, and China Unicom can all provide eSIM support for this model. This model is available in Deep Space Black, Cloud White, Light Gold, and Sky Blue. The starting storage capacity is 256GB, and 512GB and 1TB configurations are also available. The starting price is 7,999 yuan.
Nubia Z80 Ultra Officially Launched
On October 22nd, the Nubia Z80 Ultra was officially launched, with a starting price of 4,999 yuan. It is reported that this product is equipped with the fifth - generation Snapdragon 8 Extreme Edition, the same RedMagic CUBE Sky Game Engine, a full - screen display, and a 7200mAh fourth - generation South China Sea battery.
Songyan Dynamics Releases New High-Performance Humanoid Robot with a Starting Price of 9,998 Yuan
36Kr learned that according to Songyan Dynamics, Songyan Dynamics has released the industry's first high-performance humanoid robot priced under 10,000 yuan - Bumi. The starting price is 9,998 yuan.
In the AI era, how can entrepreneurs survive the next decade?
How can AI entrepreneurs seize the Agent wave and avoid being eliminated by the next wave of technology? What are the differences between the AI paths in China and the United States, and how can entrepreneurs find their own ecosystems? How can individuals maintain their unique competitiveness in the AI era?
At 7 p.m. on October 23rd (this Thursday), "AI Insider" will have a dialogue with Yao Xin, the co-founder and CEO of PPIO, to share the survival guide for entrepreneurship in the AI era. Welcome to make an appointment to watch.
Compiled | Baby Chinese Cabbage