At 8:00, Here's the Latest News: ICBC Responds to Multiple Users' App Assets Being Wiped Out; The U.S. Continues to Suspend the 24% Tariff Hike for Another Year; Zhong Huijuan and Her Daughter Replace Zong Fuli as China's Richest Women
Today's Hot Topics Guide
- Paris Prosecutor: Seven Suspects Arrested in Louvre Robbery
- HPV Vaccine Officially Included in National Immunization Program. Girls Aged 13 and Above Can Receive Free HPV Vaccinations Starting November 10th
- Tianjin Police Announcement: Qian Zhimin, the Mastermind of the UK's Largest Bitcoin Money - Laundering Case, Pleaded Guilty in Court. Cross - Border Cooperation on Fugitive Repatriation and Asset Recovery is Underway
- Xiaomi Executive Responds to " 'Super Energy - Saving' is Just the Name of an Air - Conditioner Series"
- Multiple Regions Offer Cash Rewards for Marriage
Top 3 Big News
ICBC Responds to Multiple Users' Asset Zeroing in App: Data Display Delay, Actual Amount Remains Unchanged
On the evening of October 29th, many netizens reported on social platforms that the Industrial and Commercial Bank of China (ICBC) app malfunctioned. Some netizens found that their balances, investments, and even liabilities were cleared, while others noticed that their assets either increased or decreased. By the morning of October 30th, some netizens said that it had returned to normal, while others said it was still abnormal.
On October 30th, an ICBC customer service representative told reporters that there is currently a delay in the display of financial asset data in the app. "The data displayed on the port is delayed and inaccurate, but the actual amount of money remains unchanged and there will be no changes." The customer service representative said that many users called to report this situation in the morning. She is currently unclear about the cause of the malfunction, and relevant technical personnel are verifying it. Users are advised to try checking again in the afternoon. (Xiaoxiang Morning News)
China and the US Reached Multiple Consensuses in Economic and Trade Consultations in Kuala Lumpur; the US Suspends Imposing 24% Tariffs for Another Year
On October 30, the spokesperson of the Ministry of Commerce introduced the outcomes and consensuses of the China-US economic and trade consultations in Kuala Lumpur. It was mentioned that the US will cancel the so - called "fentanyl tariffs" of 10% imposed on Chinese goods (including those from the Hong Kong Special Administrative Region and the Macao Special Administrative Region). The 24% reciprocal tariffs on Chinese goods (including those from the Hong Kong Special Administrative Region and the Macao Special Administrative Region) will continue to be suspended for one more year. China will correspondingly adjust its countermeasures against the above - mentioned US tariffs. The two sides agreed to continue to extend some tariff exclusion measures.
In addition, the two sides also reached consensuses on issues such as fentanyl anti - drug cooperation, expanding agricultural product trade, and handling individual cases of relevant enterprises. The two sides further confirmed the outcomes of the economic and trade consultations in Madrid. The US made positive commitments in areas such as investment, and China will properly resolve issues related to TikTok with the US. (CCTV News)
A New Chinese Female Billionaire Overtakes Zong Fuli as the Richest Woman in China
On October 30th, Hurun Research Institute released the "Hurun Richest Women in China 2025", listing the top 50 female entrepreneurs in this year's Hurun Rich List. Zhong Huijuan and her daughter Sun Yuan from Hansoh Pharmaceutical, a leading company in China's innovative drug industry, have become the richest women in China for the first time with a fortune of 141 billion yuan, a 64-billion-yuan increase (+83%) from last year, and their ranking has risen by one place compared to last year. Zhou Qunfei of Lens Technology saw her wealth increase by 47 billion yuan and ranked second with 110 billion yuan. Zong Fuli ranked third with 87.5 billion yuan, two places lower than last year. It is reported that Zhong Huijuan was once a middle - school chemistry teacher and later ventured into business, entering the pharmaceutical industry. (Red Star News)
Big Companies/ Major Events
HPV Vaccines Officially Included in the National Immunization Program: Girls Aged 13 and Above Can Receive Free HPV Vaccinations Starting November 10
On October 30, the National Disease Control Bureau, the National Health Commission, the Ministry of Education, the Ministry of Industry and Information Technology, the Ministry of Finance, the National Medical Products Administration, and the Office of the National Working Committee on Children and Women under the State Council jointly issued a notice. With the approval of the State Council, the human papillomavirus (HPV) vaccine will be included in the national immunization program. Starting from November 10, 2025, local authorities will be organized to provide two doses of the bivalent HPV vaccine (with a six - month interval) free of charge to girls who are 13 years old and were born after November 10, 2011. (CCTV News)
Shenzhou-21 spacecraft is targeted for launch at 23:44 on October 31
On the morning of October 30, a press conference for the Shenzhou-21 manned spaceflight mission was held at the Jiuquan Satellite Launch Center. Spokesperson Zhang Jingbo introduced that the Shenzhou-21 manned spacecraft is targeted for launch at 23:44 on October 31, Beijing time. The flight crew consists of Zhang Lu, Wu Fei, and Zhang Hongzhang. The three astronauts serve as the spacecraft pilot, flight engineer, and payload specialist respectively, covering the three types of active astronauts in China and spanning the "post-70s", "post-80s", and "post-90s" age groups. This mission is the 6th manned spaceflight mission during the application and development phase of the space station, and also the 37th flight mission of the manned space program. The main purposes of the mission are to complete the on-orbit rotation with the Shenzhou-20 crew, stay in the space station for about six months, carry out space science and application work, conduct extravehicular activities by astronauts, and handle the entry and exit of cargo, etc. (CCTV News)
Tianjin Police Announcement: Qian Zhimin, the Mastermind of the UK's Largest Bitcoin Money Laundering Case, Pleaded Guilty in Court, and Cross - border Fugitive Repatriation and Asset Recovery Cooperation is Underway
On October 30th, the Tianjin police issued a situation report on the "Case of Tianjin Lantian Gerui Electronic Technology Co., Ltd. Suspected of Illegal Absorption of Public Deposits". The report pointed out that on September 29th, 2025, Qian Zhimin, the mastermind of the major illegal fundraising case and Bitcoin money - laundering crime case of Tianjin Lantian Gerui, appeared in court in London and pleaded guilty to the relevant charges of Bitcoin money laundering. Currently, the public security organs are still continuing cross - border fugitive repatriation and asset recovery cooperation with the UK law enforcement agencies to do their best to recover the losses of the fund - raising participants.
The major illegal fundraising case of Tianjin Lantian Gerui in China came to light in 2017. In this case, more than 128,000 people were deceived, spanning 31 provinces, municipalities directly under the Central Government, and autonomous regions across the country, involving 61,000 Bitcoins (approximately RMB 49.35 billion). Qian Zhimin was the actual controller of the company. After the case broke out, Qian Zhimin fled to the UK with a forged passport from a Commonwealth country and then carried out a series of money - laundering operations, which caught the attention of the local police. Since the exposure of this money - laundering crime case, it has attracted extensive domestic and international attention and is considered one of the largest cryptocurrency money - laundering cases in the UK and even the world. (China Newsweek)
Paris Prosecutor: Seven Suspects Arrested in Louvre Robbery
On October 30 local time, Paris Prosecutor Laure Beccuau stated that five suspects in the Louvre robbery were arrested on the evening of the 29th, including a key suspect who had been previously identified.
It is understood that the arrest operation was carried out simultaneously at multiple locations in Paris and its surrounding areas at around 21:00 on the 29th. Previously, two suspects were arrested on the 25th. The Paris Prosecutor's Office said on the 29th that these two suspects would be formally charged and held in temporary custody. So far, a total of seven suspects have been arrested in the Louvre robbery. (CCTV News)
OpenAI is preparing for a giant IPO valued at up to $1 trillion
Three people familiar with the matter revealed that OpenAI is laying the groundwork for an initial public offering (IPO), and the valuation of the company in this IPO could reach up to $1 trillion. If it progresses smoothly, this could become one of the largest IPOs in history. (Sina Finance)
Country Garden Real Estate Has Been Enforced to Pay 420 Million Yuan
On October 30th, it was reported that recently, Country Garden Real Estate Group Co., Ltd. (hereinafter referred to as Country Garden Real Estate), Zhangjiagang Yingjie Real Estate Development Co., Ltd., Suzhou Country Garden Real Estate Co., Ltd. and others have a new piece of information as the person subject to enforcement. The enforcement amount is more than 420 million yuan. The enforcing court is the Intermediate People's Court of Nantong City, Jiangsu Province, and the case filing date is October 28th, 2025.
The risk information shows that there are currently 55 pieces of information of Country Garden Real Estate as the person subject to enforcement, with a total enforcement amount of more than 5.2 billion yuan; there are 104 pieces of historical information of the person subject to enforcement, with an enforcement amount of more than 8.3 billion yuan. In addition, the company also has 6 pieces of information as a dishonest person subject to enforcement (a "deadbeat"), with the involved amount being 240 million yuan; there are 21 consumption restriction orders, with the involved amount being 1.782 billion yuan, etc. (Jiemian News)
Multiple regions offer cash rewards for marriage
Recently, the civil affairs department of Ningbo, Zhejiang announced that marriage consumption vouchers will be issued to newlyweds (excluding those who re - obtain marriage certificates) who register their marriage in Ningbo from October 28th to December 31st this year. Each couple can receive 8 marriage consumption vouchers, with a discount of 125 yuan for every 500 yuan spent, totaling 1000 yuan. It is understood that multiple regions have started to offer rewards for marriage. For example, in Lvliang City, Shanxi Province, starting from January 1st, 2025, newly - married couples where the wife is 35 years old or younger and register their marriage in Lvliang will be given a reward of 1500 yuan. In Nanling Village, Longgui Street, Guangzhou, if both parties of a newly - married couple are registered shareholders of the Nanling Cooperative, they can enjoy the rewards and subsidies from both the village and the community. The marriage and child - bearing subsidies will be doubled respectively, with a maximum of 80,000 yuan for marriage and 120,000 yuan for child - bearing, totaling 200,000 yuan. (China News Service)
Cambodian police cracked two large-scale online fraud cases, and 65 people were arrested, including 7 Chinese nationals and 58 Vietnamese nationals.
On October 28, Cambodian police jointly carried out two large-scale operations against online fraud in Phnom Penh and Kampot Province, arresting a total of 65 suspects, including 7 Chinese nationals and 58 Vietnamese nationals.
Police investigations show that these suspects carried out fraud through "online romance", mainly targeting overseas victims. Currently, the police are tracking down the masterminds behind the fraud syndicate. The arrested individuals and relevant evidence have been handed over to the General Department of Immigration and relevant departments for legal processing. (CCTV News)
Impact of Government Shutdown: U.S. House of Representatives Staff to Have Pay Suspended
On October 29 local time, the U.S. federal government shutdown entered its 29th day. The staff of the U.S. House of Representatives received a notice on that day stating that they would not receive the salary originally scheduled to be paid on October 31. This will be the first time the House of Representatives has missed a payroll since the government shutdown began. The notice said, "Due to the interruption of appropriations, the Office of the Chief Administrative Officer does not have the authority to issue salaries until Congress passes a continuing resolution or the fiscal year 2026 appropriations bill and it is signed into law." (CCTV News)
Xiaomi Executive Responds to “‘Ultra-Energy-Saving’ Is Just the Name of an Air-Conditioning Series”
Recently, some users reported on social platforms that after consulting Xiaomi's customer service, they learned that “Ultra-Energy-Saving” is just the name of an air-conditioning series, not a performance indicator. This statement quickly sparked a heated discussion.
On October 28, Shan Lianyu, the general manager of Xiaomi Group's major home appliances department, responded in an interview, “The name of each product represents its product positioning. For example, in the Ultra-Energy-Saving series, the national standard EPF is 5.0, and we generally achieve 5.27. The super first-level energy efficiency is 5.6, which far exceeds the national standard. We are in a very energy-saving state. At the same time, we have also implemented AI energy-saving... Through some AI capabilities, we make the operation efficiency very high when the machine is turned on. Compared with the traditional PID control algorithm, it can reduce energy consumption by about 30%.” (Jiemian News)
WeChat Officially Announces Three New Features, Including "Batch Recall of All Messages"
On October 30th, WeChat officially announced three new features. WeChat can recall all messages sent in this session at once (including multi - selected forwarded messages, batch - sent pictures, videos, and files); After muting a group chat, users can selectively receive important notifications; When deleting a friend, a new option "Clear chat history when deleting the contact" has been added. (Qianjiang Evening News)
International Olympic Committee: E-sports Olympics Suspended, Cooperation with Saudi Arabia Terminated
On October 30th Beijing time, the official website of the International Olympic Committee announced that after in-depth discussions with the Saudi Olympic and Paralympic Committee, the cooperation between the two sides on the E-sports Olympics has been terminated, which also means that the E-sports Olympics will be temporarily suspended.
In the official statement, the International Olympic Committee stated that the two sides are committed to pursuing their respective e-sports ambitions on different paths. The International Olympic Committee will develop a brand - new form of Olympic e-sports competitions, consider the feedback from the "pause and reflection" process, and pursue a new model of partnership. (The Paper)
Streaming giant Netflix announces a 1-for-10 stock split plan
On October 31st, it was reported that streaming giant Netflix (NFLX.US) announced a 1-for-10 stock split, aiming to adjust the price of its common stock to a range more affordable for retail investors and employees. According to the plan, shareholders who hold shares as of the close of trading on November 10th will receive 9 additional shares for every 1 share they hold on November 14th. The stock will start trading at the adjusted price on November 17th. Netflix is one of the 10 stocks in the S&P 500 Index with a share price exceeding $1000, closing at $1089 on Thursday. After the announcement, the stock price rose more than 3% in after-hours trading. (Sina Finance)
Prince Andrew of the UK Deprived of Titles and Has Moved Out of Royal Residence
On October 30 local time, a statement from Buckingham Palace in the UK said that King Charles III of the UK had initiated formal procedures to strip his younger brother, Prince Andrew, of his honorifics, titles and honors, and had informed him to move out of the royal residence.
Andrew, 65, is the second - son of the late Queen Elizabeth II of the UK. In recent years, he has been deeply mired in scandals due to his relationship with the late American billionaire and sex offender Jeffrey Epstein. (CCTV News)
Puma to Lay Off Another 900 Employees
On October 30, German sportswear manufacturer Puma released its financial report for the third quarter of 2025. The report showed that after exchange - rate adjustments, its sales dropped by 10.4% to 1.9557 billion euros, mainly affected by strategic adjustment measures. Eventually, it posted a net loss of 62.3 million euros, with earnings per share at - 0.42 euros. Puma said that in view of the expected significant decline in sales, it will take further measures to cope with high operating costs and plans to streamline approximately 900 white - collar positions globally by the end of 2026. As part of the cost - cutting plan announced in March this year, Puma had previously laid off 500 employees globally. (Jiemian News)
The first Pop Mart store in the Middle East opens
36Kr learned that on October 27 local time, Pop Mart's first store in the Middle East opened at Hamad International Airport in Doha, the capital of Qatar. The first store in the Middle East is also Pop Mart's first offline store in the world to operate 24 hours a day, 7 days a week.
The three major U.S. stock indexes closed down collectively, and Meta recorded its largest single - day decline in three years
36Kr learned that at the close on October 30, the three major U.S. stock indexes fell collectively. The Dow Jones Industrial Average dropped 0.23%, the S&P 500 Index declined 0.99%, and the Nasdaq Composite Index decreased 1.57%. Most large - cap technology stocks fell. Meta dropped more than 11%, marking its largest single - day decline in three years and hitting a new low since June; Tesla fell more than 4%, Amazon declined more than 3%, Microsoft and Intel dropped more than 2%, Nvidia fell 2%, and Netflix dropped more than 1%. Google rose more than 2%, and Apple edged up. Most popular Chinese concept stocks fell. Bilibili dropped more than 5%, Baidu, NetEase, and Futu Holdings declined more than 4%, iQiyi and Alibaba dropped more than 3%, JD.com and Li Auto fell more than 2%, NIO and Pinduoduo declined more than 1%, and XPeng Motors and Miniso edged down.
Going Public
Moore Threads
On October 30th, the China Securities Regulatory Commission approved the registration application of Moore Threads Intelligent Technology (Beijing) Co., Ltd. for its initial public offering of stocks and listing on the Science and Technology Innovation Board. (Yicai)
Proya
36Kr learned that documents from the Hong Kong Stock Exchange show that Proya Cosmetics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation and UBS Group.
The Forefront of AI
Zhi Yuan Research Institute Releases Wujie Emu 3.5
36Kr learned that on October 30th, Zhi Yuan Research Institute released the Emu 3.5 multi-modal world large model. It is reported that Emu 3.5 is trained on a large-scale multi-modal dataset of over 10 trillion tokens. The training duration of its video data has increased from 15 years to 790 years, and the number of parameters has risen from 8B to 34B. In terms of multi-modal narrative ability, Emu 3.5 can generate immersive story experiences around any theme, unleashing infinite imagination. In addition, the model can achieve cross-scenario embodied operations and has generalized action planning and complex interaction capabilities.
YouTube Restructures Around AI, Offers Buyout Packages to Employees Considering Leaving
According to U.S. media reports on October 29, YouTube, the video - streaming platform owned by Google, is undergoing a restructuring, focusing on the application of artificial intelligence. This move is part of a broader shift towards AI within the company, which aligns with Google CEO Sundar Pichai's initiative to urge employees to improve productivity by using AI across the company. It's unclear whether this means YouTube will launch more AI - driven products or use AI for some internal work. However, YouTube said that this restructuring will not result in any job cuts, but it will offer voluntary buyout packages to U.S. employees considering leaving. (CCTV Finance)
Financial Reports of Big Companies
China Life Insurance: Net profit in the third quarter was 126.873 billion yuan, a year-on-year increase of 91.5%
36Kr learned that China Life Insurance announced that its revenue in the third quarter was 298.66 billion yuan, a year-on-year increase of 54.8%; the net profit was 126.873 billion yuan, a year-on-year increase of 91.5%. The revenue in the first three quarters was 537.895 billion yuan, a year-on-year increase of 25.9%; the net profit was 167.804 billion yuan, a year-on-year increase of 60.5%.
BYD: Net profit in the third quarter was 7.823 billion yuan, a year-on-year decrease of 32.60%
36Kr learned that BYD announced that its revenue in the third quarter was 194.985 billion yuan, a year-on-year decrease of 3.05%; the net profit was 7.823 billion yuan, a year-on-year decrease of 32.60%. The revenue in the first three quarters was 566.266 billion yuan, a year-on-year increase of 12.75%; the net profit was 23.333 billion yuan, a year-on-year decrease of 7.55%.
SAIC Motor: Net profit in the third quarter reached 2.083 billion yuan, a year-on-year increase of 644.88%
36Kr learned that SAIC Motor announced that its revenue in the third quarter of 2025 was 169.403 billion yuan, a year-on-year increase of 16.19%; the net profit was 2.083 billion yuan, a year-on-year increase of 644.88%. The revenue in the first three quarters was 468.99 billion yuan, a year-on-year increase of 8.95%; the net profit was 8.101 billion yuan, a year-on-year increase of 17.28%.
Spring Airlines: Net profit in the third quarter was 1.167 billion yuan, a year-on-year decrease of 6.17%
36Kr learned that Spring Airlines announced that its revenue in the third quarter was 6.469 billion yuan, a year-on-year increase of 6.01%; the net profit was 1.167 billion yuan, a year-on-year decrease of 6.17%. The revenue in the first three quarters was 16.773 billion yuan, a year-on-year increase of 4.98%; the net profit was 2.336 billion yuan, a year-on-year decrease of 10.32%.
Industrial and Commercial Bank of China: Net profit in the third quarter was 101.815 billion yuan, a year-on-year increase of 3.29%
36Kr learned that the Industrial and Commercial Bank of China announced that its revenue in the third quarter was 201.886 billion yuan, a year-on-year increase of 2.42%; the net profit was 101.815 billion yuan, a year-on-year increase of 3.29%.
China Construction Bank: Net profit in the third quarter reached 95.284 billion yuan, a year-on-year increase of 4.19%
36Kr learned that China Construction Bank announced that its revenue in the third quarter was 179.429 billion yuan, a year-on-year decrease of 1.98%; the net profit was 95.284 billion yuan, a year-on-year increase of 4.19%. The revenue in the first three quarters was 573.702 billion yuan, a year-on-year increase of 0.82%; the net profit was 257.360 billion yuan, a year-on-year increase of 0.62%.
Agricultural Bank of China: Net profit in the third quarter reached 81.349 billion yuan, a year-on-year increase of 3.66%
36Kr learned that Agricultural Bank of China announced that its revenue in the third quarter was 180.981 billion yuan, a year-on-year increase of 4.30%; the net profit was 81.349 billion yuan, a year-on-year increase of 3.66%. The revenue in the first three quarters was 550.774 billion yuan, a year-on-year increase of 1.87%; the net profit was 220.859 billion yuan, a year-on-year increase of 3.03%.
Bank of Communications: Net profit in the third quarter reached 23 billion yuan, a year-on-year increase of 2.46%
36Kr learned that Bank of Communications announced that its operating income in the third quarter of 2025 was 66.5 billion yuan, a year-on-year increase of 4.23%, and the net profit was 23 billion yuan, a year-on-year increase of 2.46%.
Volkswagen Group Posts Nearly €1.3 Billion Operating Loss in Q3
On October 30, Volkswagen Group released its financial report for the third quarter of 2025. The company delivered 2.199 million vehicles, a year-on-year increase of 1.0%. Revenue reached €80.305 billion, up 2.3% year-on-year. It recorded an operating loss of €1.299 billion, compared with an operating profit of €2.833 billion in the same period last year. The operating cash flow of the automotive division was €8.521 billion, a year-on-year decrease of 9.7%. (Jiemian News)
Starbucks China's revenue reached $3.105 billion in fiscal year 2025, a year-on-year increase of 5%
On October 30, Starbucks released its financial results for the fourth quarter of fiscal year 2025 (ending September 28, 2025) and the full fiscal year. Among them, the full - year revenue of the Chinese market in 2025 reached $3.105 billion, a year-on-year increase of 5%. The operating revenue in the fourth quarter reached $831.6 million, a year-on-year increase of 6%, achieving growth for four consecutive quarters; the same - store sales achieved positive growth for the second consecutive quarter, a year-on-year increase of 2%, and the same - store transaction volume increased by 9% year-on-year; the store operating profit margin always remained at a healthy double - digit level, and the operating profit and profit margin increased quarter - on - quarter for four consecutive quarters. In addition, Starbucks opened 183 new stores in China in the fourth quarter, entering 47 county - level markets for the first time. In fiscal year 2025, Starbucks China had a net increase of 415 stores throughout the year. (Jiemian News)
Samsung Electronics' net profit in the third quarter was 12.01 trillion won, exceeding market expectations
Samsung Electronics' sales in the third quarter were 86.06 trillion won; the net profit was 12.01 trillion won, compared with an estimated 9.29 trillion won. (Cailian Press)
Apple Releases Financial Report for the Fourth Fiscal Quarter of Fiscal Year 2025
36Kr learned that Apple released its financial report for the fourth fiscal quarter of fiscal year 2025. In the fourth fiscal quarter, Apple achieved revenue of $102.47 billion, a year-on-year increase of 8%; net profit reached $27.47 billion, a year-on-year increase of 86%.
Amazon's Q3 revenue reaches $180.169 billion, net profit up 38% year-on-year
Amazon released its financial report for the third quarter of fiscal year 2025. The report shows that Amazon's net sales in the third quarter were $180.169 billion, a 13% increase compared to $158.877 billion in the same period last year. Excluding the impact of exchange rate fluctuations, the year-on-year increase was 12%. The net profit was $21.187 billion, a 38% increase compared to $15.328 billion in the same period last year. The diluted earnings per share were $1.95, showing an increase compared to $1.43 in the same period last year. (Sina Tech)
Haier Smart Home: Net profit in the third quarter reached 5.34 billion yuan, a year-on-year increase of 12.69%
36Kr learned that Haier Smart Home announced that its revenue in the third quarter was 77.56 billion yuan, a year-on-year increase of 9.51%; the net profit was 5.34 billion yuan, a year-on-year increase of 12.69%. The revenue in the first three quarters was 234.054 billion yuan, a year-on-year increase of 9.98%; the net profit was 17.373 billion yuan, a year-on-year increase of 14.68%.
Seres: Net profit in the third quarter was 2.371 billion yuan, a year-on-year decrease of 1.74%
36Kr learned that Seres announced that its revenue in the third quarter was 48.133 billion yuan, a year-on-year increase of 15.75%; the net profit was 2.371 billion yuan, a decrease of 1.74%. The revenue in the first three quarters was 110.534 billion yuan, a year-on-year increase of 3.67%; the net profit was 5.312 billion yuan, a year-on-year increase of 31.56%.
Yonghui Superstores: Net Loss of 469 Million Yuan in the Third Quarter
36Kr learned that Yonghui Superstores announced that its revenue in the third quarter was 12.486 billion yuan, a year-on-year decrease of 25.55%; the net loss was 469 million yuan. The revenue in the first three quarters was 42.434 billion yuan, a year-on-year decrease of 22.21%; the net loss was 710 million yuan.
Wuliangye: Net profit in the third quarter was 2.019 billion yuan, a year-on-year decrease of 65.62%
36Kr learned that Wuliangye announced that its revenue in the third quarter was 8.174 billion yuan, a year-on-year decrease of 52.66%; the net profit was 2.019 billion yuan, a year-on-year decrease of 65.62%. The revenue for the first three quarters was 60.945 billion yuan, a year-on-year decrease of 10.26%; the net profit was 21.511 billion yuan, a year-on-year decrease of 13.72%.
Investment and financing
Meta's Massive Bond Offering Attracts $125 Billion in Subscriptions, Setting a Record for Such Transactions
According to people familiar with the matter, Meta Platforms received approximately $125 billion in subscription orders in its latest round of corporate bond issuance, setting a new high in the history of public - market corporate bond offerings. The size of this bond offering is expected to be at least $25 billion, and the subscription demand has exceeded the record set by CVS Health in 2018. That year, CVS issued $40 billion in bonds to acquire Aetna, and data shows that it attracted $120 billion in orders at that time. (Sina Finance)
Pyromind Dynamics Completes Seed Round Financing of Tens of Millions of US Dollars
36Kr learned that according to GL Ventures, in October 2025, the reinforcement learning-as-a-service platform "Pyromind Dynamics" announced the completion of a seed round financing of tens of millions of US dollars, jointly led by multiple institutions including GL Ventures, BV Baidu Ventures, BlueRun Ventures, Atypical Ventures, and HyperCompute. The financing funds will be mainly used for team expansion, product R & D, and customer acquisition.
AI Medical Productivity Tool Development Company "Zero Hypothesis" Secures Nearly 100 Million Yuan in Series A Financing
36Kr exclusively learned that "Zero Hypothesis," an AI medical productivity tool development company, recently secured nearly 100 million yuan in Series A financing. The investors include Lotus Pond Venture Capital, Guofang Innovation, and Shanghai Zheyu Investment, and the existing shareholder, Yuanhe Origin, oversubscribed. This round of financing will mainly be used to refine and implement scenario-based AI medical intelligent agents and build an academic communication bridge between pharmaceutical companies and doctors. Weikuai Capital has long served as the exclusive financing advisor.
Cool Products
Huawei's Commercial Smartwatch Launches Smart Sensing Window Technology and Supports eSIM
On October 30th, Huawei launched a new commercial wearable device, the Huawei Qingyun H7556 smartwatch. This watch debuts the Smart Sensing Window health monitoring technology, allowing users to actively conduct health monitoring by touching a specific area of the device with their fingertips. Meanwhile, the device is equipped with Xiaoyi on the wrist and supports eSIM independent communication capabilities. (Securities Times)
Compiled | Purple