Krypton Evening News | Taobao Flash Sale launched a new brand called "Taobao Convenience Store" and invested 2 billion yuan to jointly build the flash sale warehouse ecosystem; NVIDIA reached major AI cooperation agreements with large South Korean companies such as Samsung Electronics and SK Group; The policy of "Guangdong vehicles traveling south to Hong Kong" was officially announced, with the first batch of four cities opened.
Large Companies:
Meituan's "Intelligent Shopkeeper" has comprehensively upgraded the AI phone reception capability for catering stores. Through the application of models such as semantic recognition and dialogue analysis, it optimizes the dine - in service experience and helps small and medium - sized catering businesses discover new business opportunities. Data shows that in October, Meituan's "AI Reception" has facilitated nearly 150,000 dine - in consumption orders. Meituan said that in the future, there will be further optimizations and updates of other functions to make the Intelligent Shopkeeper more suitable for the actual business scenarios of the catering industry and continuously help catering operators embrace the AI era.
Pop Mart Has Applied for Multiple Intellectual Property Rights for CRYBABY
36Kr learned that recently, Pop Mart's popular IP CRYBABY launched a new "Vacation Mode On" series. This is the second time in five months that Pop Mart has launched a blind box series of CRYBABY vinyl figures, and it sold out instantly after its release. According to the Aiqicha App, Beijing Pop Mart Culture and Creative Co., Ltd. has applied to register multiple "CRYBABY" trademarks, with international classifications covering convenience foods, scientific instruments, clothing, shoes, and hats. Currently, some of the above trademarks have been successfully registered. It has also applied for copyrights for CRYBABY series products such as "Crybaby Coconut King Figurine", "CRYBABY Sunset Concert Series - Plush Keychain Blind Box", and "Crybaby Coconut Green Figurine", and all the works are classified as fine arts.
On October 31, Taobao Flash Sale officially launched a new chain convenience store brand, "Taobao Convenience Store". This brand will take the form of flash sale warehouses. Based on the supply - chain advantages of the Alibaba ecosystem, it will provide consumers with a convenient shopping experience of "having everything, operating 24/7, and delivering within 30 minutes" and will be officially launched for consumers on November 1. Genxian, the general manager of Taobao Flash Sale's instant retail business, emphasized, "We are firmly committed to win - win cooperation with the ecosystem. We will not build warehouses, open stores, or compete with merchants for profits." It is understood that Taobao Convenience Store is licensed to high - quality merchants that meet the standards. The store assets belong to the merchants, and the merchants provide services according to the platform's standards to comprehensively enhance consumers' shopping experience.
It is reported that Jensen Huang, the CEO of Nvidia, is attending the APEC CEO Summit in South Korea. Nvidia has reached a landmark agreement to provide its technology to some of South Korea's largest companies as part of its global initiative to expand AI infrastructure. Under an agreement with South Korea's Ministry of Science and ICT and three companies - Samsung Electronics, Hyundai Motor Group, and SK Group, Nvidia will supply more than 260,000 accelerator chips to help South Korea launch AI projects. Nvidia did not disclose the specific financial terms of the deal. (Caixin)
36Kr learned that Zhenyu Technology announced that to seize market growth opportunities, the company plans to further expand the production capacity of its existing business products and build production capacity for new - field business products. Considering industry development trends and the company's strategic plan, the company signed a "Strategic Cooperation Agreement" with the Investment Promotion Center of Ninghai County. It plans to invest and build projects for precision component manufacturing equipment, process equipment, precision structural parts, and precision modules and components for humanoid robots in Ninghai County from 2025 to 2030, with a total investment of 2.11 billion yuan. The investment agreement for the first - phase project was recently signed simultaneously with the "Strategic Cooperation Agreement".
36Kr learned that Tianqi Co., Ltd. announced that the company signed a "Strategic Cooperation Framework Agreement" with Foxconn New Energy Automobile Industry Development (Henan) Co., Ltd. The two parties plan to jointly promote the in - depth application and technological innovation of embodied intelligent robots in industrial scenarios. The two parties have jointly set clear goals for large - scale application: they plan to deploy embodied intelligent robots in batches within Foxconn's automobile production and manufacturing system in the next five years, with a cumulative number of applications of no less than 2,000 units. The agreement will be established and come into effect from the date when the legal representatives or authorized representatives of both parties sign and affix the official seals, and it is valid for five years. It is expected to have an important and positive impact on the company's future business development and operations.
Today's Views:
Zheng Shanjie: Expanding Domestic Demand is the Key to Strengthening the Domestic Cycle
In the recently published "Guide to the Suggestions of the Central Committee of the Communist Party of China for Formulating the 15th Five - Year Plan for National Economic and Social Development", Zheng Shanjie, the director of the National Development and Reform Commission, published a signed article titled "Adhering to the Strategic Foundation of Expanding Domestic Demand". Zheng Shanjie pointed out that expanding domestic demand is the key to strengthening the domestic cycle. Currently, the domestic cycle still faces many problems. For example, the endogenous driving force of consumption is weak, the investment efficiency needs to be further improved, and there are many bottlenecks and obstacles in the construction of a unified national market. To solve these problems, we must firmly implement the strategy of expanding domestic demand, improve the quality and operational efficiency of the economic cycle, and promote the formation of an economic development model that is more driven by domestic demand, consumption, and endogenous growth. This will enable production, distribution, circulation, and consumption to rely more on the domestic market, achieving mutual promotion between supply and demand and upgrading of the cycle. (Securities Times)
Other Noteworthy News:
Guo Jiakun, the spokesperson of the Ministry of Foreign Affairs, presided over the regular press conference on October 31. US Treasury Secretary Vincent said that the China - US trade agreement could be signed as early as next week. Guo Jiakun responded that during the meeting between the Chinese and US presidents in Busan, they discussed issues such as economic and trade relations and agreed to strengthen cooperation in economic and trade fields. The Chinese competent department also introduced the results of the economic and trade consultations in Kuala Lumpur yesterday. China is willing to work with the US to implement the important consensus reached by the two presidents. In line with the principles of equality, respect, and mutual benefit, through dialogue and consultation, we will continuously reduce the list of problems and expand the list of cooperation, promote the healthy, stable, and sustainable development of China - US relations, and inject more certainty and stability into the world. (Global Times)
MOFCOM: China's Green Trade Initiative Gets Positive Responses from More than 50 Economies
The State Council Information Office held a regular policy briefing today to introduce the situation of expanding green trade. Relevant officials from the Ministry of Commerce said that China will actively participate in the formulation of relevant international rules and standards, always adhere to an open and cooperative attitude, and actively participate in global green governance to create a good international environment for the development of green trade. Li Chenggang, the international trade negotiator and deputy minister of the Ministry of Commerce, said that the "Initiative on the International Economic and Trade Cooperation Framework for Digital Economy and Green Development" proposed by China has received positive responses from more than 50 economies and has become a popular public good. We will continue to promote its expansion and implementation, and at the same time, earnestly fulfill our commitment to tariff reduction on the APEC environmental goods list. The tariffs on products in the list have been reduced to below 5% as scheduled. In addition, we have also included relevant content on green trade in the memorandum of understanding on deepening bilateral trade facilitation cooperation signed with countries such as South Africa. (CCTV News)
To promote the healthy development of new foreign - trade forms such as cross - border e - commerce, since 2023, the China Council for the Promotion of International Trade (CCPIT) has released the list of key contact enterprises for cross - border e - commerce for two consecutive years. At today's press conference, it was announced that the "List of Key Contact Enterprises for Cross - border E - commerce of the CCPIT in 2025" will be officially released soon. The 2025 "List" has carefully selected 110 enterprises from more than 200 applicant enterprises, covering various types of enterprises such as comprehensive service, compliance service, financial payment service, cross - border trade, digital and value - added service, tax and customs service, logistics and warehousing service, and other services. Information such as the names, trademarks, websites, business scopes, and contact information of the selected enterprises will be centrally displayed in both Chinese and English. (CCTV News)
On October 31, it was learned from the Public Security Department of Guangdong Province and the Department of Transport of Guangdong Province that the policy of "Guangdong vehicles heading south to Hong Kong" was officially announced. The policy consists of two parts: the policy for parking lots at Hong Kong ports and the policy for Guangdong vehicles to enter Hong Kong's urban areas. Four cities (Guangzhou, Zhuhai, Jiangmen, and Zhongshan) will be opened in the first batch, and the policy will be extended to other cities in the province half a year later. On October 31, 2025, the "Administrative Measures for Guangdong Motor Vehicles Entering and Exiting the Automated Parking Lot at the Hong Kong Port via the Zhuhai Highway Port of the Hong Kong - Zhuhai - Macao Bridge" and the "Administrative Measures for Guangdong Motor Vehicles Entering and Exiting Hong Kong via the Zhuhai Highway Port of the Hong Kong - Zhuhai - Macao Bridge" were announced simultaneously. (CCTV News)