8:00 AM, 1st Kr. Musk Predicts Mobile Phones and Apps to Disappear in Five Years; "The Moutai in Medicine" - Pien Tze Huang Drops Below Official Guiding Price; Maldives Officially Implements "Generational Smoking Ban"

Elon Musk made a bold prediction: within the next five to six years, most of the content consumed by humans will be generated by AI.

Today's Hotspot Guide

The delivery cycle of Xiaomi cars has been shortened again.
An ideal executive responded to the MEGA fire incident.
Duan Yongping responded to donating 10,000 shares of Kweichow Moutai stock to Jiangxi University of Water Resources and Electric Power.
The pet shipping service on 12306 has been updated.
The output of industrial robots in China reached 76,300 sets in September.

Top 3 Big News

Musk Says There Will Be No Phones or Apps in Five Years, and Most of the Content Consumed by Humans Will Be Generated by AI

On November 2nd, news emerged that Joe Rogan, a well - known American podcast host, recently released a new interview video with Elon Musk, the CEO of Tesla, on his channel. When discussing his views on the future of smartphones, Musk made a bold prediction: within the next five to six years, most of the content consumed by humans will be generated by AI.

Musk believes that by then, people will no longer use mobile phones in the traditional sense. Or rather, the devices currently known as "mobile phones" will essentially evolve into "edge nodes" for AI inference. They will still retain the radio modules required for communication, but the core logic will shift to real - time interaction between server - side AI and device - side AI, generating any video content that users want to see in real - time. He further pointed out that in the future, there will be no need for the concepts of operating systems or apps. Devices will only be responsible for functions such as displaying images and playing audio, while integrating AI capabilities as deeply as possible. (Kuaikeji)

"The Moutai of Medicines" - Pien Tze Huang Drops Below the Official Guided Price, Falling from a Speculative Price of 1,600 Yuan per Pill to Less Than 700 Yuan

It is reported that Pien Tze Huang, known as "the Moutai of medicines" and once speculated up to 1,600 yuan per pill, has now seen a significant price drop. On October 27th, reporters noticed that the current price of Pien Tze Huang in a certain pharmacy is 760 yuan per pill, while the discounted price on the food delivery platform's medicine - buying service is 685.62 yuan per pill.

This situation forms a sharp contrast with the continuous soaring of Pien Tze Huang's price in previous years. Public data shows that between 2004 and 2020, the retail price of its lozenges was raised 19 times, increasing from the early 325 yuan to 590 yuan. In May 2023, the price was raised against the trend to 760 yuan, marking the largest increase in nearly two decades. At that time, the market's enthusiasm for Pien Tze Huang was extremely high. Scalpers adding mark - ups and pharmacies imposing purchase restrictions became the norm. At its peak, Pien Tze Huang was once speculated up to a maximum of 1,600 yuan per pill, and there was a shortage of pills in many places. The lozenges in the e - commerce flagship stores were out of stock for a long time. As a result, Pien Tze Huang was crowned the title of "the Moutai of medicines". (Jiemian News)

The world's first: Maldives officially implements a "generational smoking ban"

According to a report by "Maldives Independent" on November 1st, the Maldives, renowned for its luxury tourism industry, has officially implemented a "generational smoking ban", becoming the world's first country to implement this policy. According to the new regulation, anyone born on or after January 1st, 2007, is prohibited from buying and using any tobacco products within the territory of the Maldives. This ban applies to both local citizens and foreign tourists. (Global Times)

Big Companies/ Major Events

Xiaomi's vehicle delivery cycle is shortened again, and some models are expected to be delivered 10 weeks ahead of the original schedule

It is learned from multiple sources close to Xiaomi's automotive business that the delivery cycle of Xiaomi cars has been further shortened compared to the original plan. After locking in orders, the YU7 is expected to be delivered in 35 - 38 weeks, 10 weeks earlier than the original schedule; the YU7 Pro is expected to be delivered in 34 - 37 weeks, 8 weeks earlier than the original schedule; and the YU7 Max is expected to be delivered in 32 - 35 weeks, 4 weeks earlier than the original schedule. The aforementioned sources said, "This significant shortening of the delivery cycle is mainly due to the improvement of production capacity." (Lanjinger News)

Ideal executive responds to the MEGA fire incident: More than four hours before the accident, the cloud reported a battery insulation fault and contacted the driver

Tang Jing, the person in charge of Ideal Auto's product line, detailed the "fire incident of the 2024 MEGA" on Weibo on October 31 and revealed that he and his colleagues in quality and R & D started analyzing the situation as soon as the accident occurred. He said that more than four hours before the accident, the cloud reported a battery insulation fault. The customer service also contacted the vehicle controller and the driver. Moreover, the vehicle even entered a breakdown state due to a dead auxiliary battery and called for rescue. (Sina Finance)

Duan Yongping Responds to Donating 10,000 Shares of Kweichow Moutai Stock to Jiangxi University of Water Resources and Electric Power

On October 31, well - known investor Duan Yongping donated 10,000 shares of Kweichow Moutai stock (worth RMB 15 million at market value) he held to the Education Development Foundation of Jiangxi University of Water Resources and Electric Power free of charge, and established an education special fund in the name of his parents. On November 1, Duan Yongping posted a response on his Xueqiu account: "It's actually just 10,000 shares of Moutai. They can just spend the dividends every year. The market value is only temporary." (Jiemian News)

Wang Teng, a former senior executive of Xiaomi, announced his new direction: Ready to explore new tracks, with the general direction being the technology + health field

On November 1st, Wang Teng, the former general manager of Xiaomi's China market department, posted a message announcing his latest whereabouts. Wang Teng said on the social platform that, considering the non - competition clause and personal interests, he wanted to bid farewell to the mobile phone industry. "I'm going to start exploring some new tracks from November. The general direction is the technology + health field. The specific plans are still in preparation. I'll report to my friends who care about my movements later. It's time to embrace new challenges! I'm still in the prime of my life to make a breakthrough!" (Jiemian News)

Registration for a 20,000-yuan visit to Fat Donglai was full in less than 2 hours. Registered participants can visit the company internally.

Recently, reporters found that the registration for the first batch of the highly - anticipated Fat Donglai Open Day started on November 1st, but the registration system was full in less than two hours. On October 20th, Fat Donglai Trading Group officially announced that it would establish a "Fat Donglai Open Day" to provide a channel for people to visit the company internally. According to the announcement, the target of the visit is for corporate - level learning and the fee is 20,000 yuan per person. Each batch will have no more than 15 people, and a single company can make an appointment for a maximum of 5 people. (Blue Whale News)

Shanghai Jiao Tong University Responds to Plan to Recruit 5,000 Doctoral Students: Will Make Appropriate Adjustments Based on Discipline Construction Needs and Applicant Pool

Recently, Shanghai Jiao Tong University released its admission brochure for doctoral students in 2026. The brochure shows that the planned enrollment scale for doctoral students in 2026 is about 5,000, with about 4,000 at the main campus. The school will make appropriate adjustments based on discipline construction needs and the applicant pool, and the final enrollment scale will be subject to the official enrollment plan issued by the Ministry of Education. In addition, the brochure mentions in the section on "Study Mode and Duration" that the study modes for doctoral students are divided into full - time and part - time. The study mode for academic - degree doctoral students is generally full - time (except for a small number of special programs), while the study modes for professional - degree doctoral students include both full - time and part - time. The admission brochure for part - time professional - degree doctoral students will be released separately. The basic study duration for direct - admitted doctoral students is 5 years, and that for other doctoral students is 4 years. (Bailu Video)

Taizhou Team Wins the "Jiangsu Super League" Championship

On the evening of November 1st, in the finals of the "Jiangsu Super League", Taizhou Team defeated Nantong Team and won the championship. In addition, the number of on - site spectators at this game reached 62,329, once again breaking the historical record. (Jiemian News)

The newly added paid leave of up to 7 days in Shanghai has been officially implemented

Shanghai has added a paid care leave of up to seven days, which has been officially written into law. Starting from November 1, 2025, Shanghai began to implement the newly revised "Regulations of Shanghai Municipality on the Protection of the Rights and Interests of the Elderly". The newly revised regulations not only make relevant provisions on intended guardianship, but also introduce a new care leave system. During the period when an elderly person is hospitalized for treatment, their supporter can enjoy a paid care leave of no more than five working days in total per year. If the supporter is an only - child, they can have two more days. Regarding the treatment during the care leave, the newly revised regulations also clearly state that the salary should be paid according to what the person would normally earn when on duty. (Hangzhou Daily)

In the first nine months of this year, the number of micro - drama crews received in Hengdian, Zhejiang increased by 285.8% year - on - year

On November 1st, Ren Kui, the Deputy Secretary of the Dongyang Municipal Party Committee and the Mayor of Dongyang, said that in the first nine months of this year, Hengdian in Dongyang received 2,743 micro - drama crews, and the reception volume increased by 285.8% year - on - year. Data shows that in 2024, the number of micro - drama users in China exceeded 576 million, accounting for 52.4% of the total number of netizens, and the market scale reached 50.44 billion yuan. (China News Service)

12306's Pet Shipping Service is Updated: Some 12306 Tickets Show the "Pet" Mark

Recently, some attentive netizens noticed that a green box marked with the word "Pet" appeared next to the information of some train schedules on the official ticketing page of China Railway 12306. A reporter called the customer service center of China Railway 12306, and the staff told the reporter that the "Pet" mark indicates that pet shipping services are available on this train. How many train schedules offer this service? The reporter learned from China Railway Express, which is specifically responsible for train pet shipping, that currently, 50 trains are marked with the "Pet" mark. Looking at the popular pet shipping routes, they are mainly concentrated on the routes between Beijing and Shanghai, Hangzhou, Nanjing, and between Shenzhen and Changsha. (CCTV News)

Wang Xingxing of Unitree Technology: Chinese Enterprises Play a Bridging Role in the Global Tech Landscape

"Chinese enterprises, especially technology companies, have always been a great bridge connecting the world," said Wang Xingxing, the CEO of Unitree Technology Co., Ltd. and a member of the entrepreneur delegation of the China Council for the Promotion of International Trade. He added that Chinese technology companies not only learn from the world's advanced experiences but also contribute Chinese solutions through open - sharing. Wang made these remarks during an interview on the sidelines of the Asia - Pacific Economic Cooperation (APEC) Economic Leaders' Meeting held in Gyeongju, South Korea. Wang pointed out that currently, the world is facing dual challenges of economic recovery and technological transformation. The AI - driven robotics industry is generally regarded as the most promising growth engine in the future. He said that the AI - driven robotics industry is becoming an important force driving economic growth in the Asia - Pacific region and even globally. "If a breakthrough is achieved in general AI models, it will, just like the invention of electricity or the steam engine, propel human civilization into a new stage." (China News Service)

It is estimated that the IP linkage of Langlang Mountain will exceed 2.5 billion yuan

The movie "Little Monsters in Langlang Mountain" has successfully broken through the circle among the movies in this year's summer schedule, and the screening time of the film has been extended to December 1st. As of now, the box office of this film has exceeded 1.7 billion yuan, and it has become the champion of the box office of 2D animated movies in Chinese film history. In addition to the box office, the film has also completed the exploration and innovation of the "movie +" model in multiple fields. Data shows that the cumulative sales amount of the film's IP derivatives has been nearly 250 million yuan. By the end of the year, the sales amount of its overall consumer terminals is expected to exceed 2.5 billion yuan. (CCTV Finance)

In September, the output of industrial robots in China reached 76,300 sets

On November 2nd, the rapid growth of robot output is inseparable from the strong pull of downstream manufacturing demand. As key industries such as automobiles, electronics, and new energy accelerate their automation transformation, the market demand for industrial robots continues to be released. Data shows that in September this year, the output of industrial robots in China reached 76,300 sets, a year-on-year increase of 28.3%. The cumulative output from January to September reached 595,000 sets, exceeding the total output of the whole last year. (Caixin Press)

A total of 6,847 new and second-hand residential properties were signed online in Shenzhen in October, a 10.3% month-on-month decrease

According to the monitoring data of the Research Center of Leyoujia, the total number of new and second-hand residential properties signed online in Shenzhen in October was 6,847, a 10.3% month-on-month decrease and a 40.7% year-on-year decrease. Among them, 2,651 new residential properties were signed online, a 14.1% month-on-month decrease and a 51.1% year-on-year decrease; 4,196 second-hand residential properties were signed online, a 7.7% month-on-month decrease and a 31.4% year-on-year decrease. The data shows that the transaction volume of the second-hand housing market in Shenzhen is relatively stable, exceeding the boom-bust line of 5,000 units for eight consecutive months. (Caixin Press)

In Response to the Dutch Side's Wafer Supply Cut, Nexperia China Says: Sufficient Inventory

On November 2nd, Nexperia Semiconductor China Co., Ltd. issued an official notice to customers on its official WeChat account, stating that it believes everyone has learned that Nexperia Netherlands has unilaterally decided to stop supplying wafers to the packaging and testing factory in Dongguan (ATGD) starting from October 26th, 2025. In the letter to customers, Nexperia Netherlands claimed that this move was the so - called "direct consequence of the local management's recent failure to comply with the agreed contractual payment terms." Nexperia China strongly opposes this and makes the following statement: Nexperia Netherlands' claim that "the local management has recently failed to comply with the agreed contractual payment terms" is completely baseless and a malicious smear of Nexperia China's management. Nexperia China has no default behavior; on the contrary, Nexperia Netherlands currently owes up to 1 billion RMB in payment for goods to ATGD. At present, Nexperia China has established sufficient inventories of finished products and work - in - progress, which can stably and continuously meet the order requirements of customers until the end of the year and even for a longer period. The supply chain is safe and reliable. To ensure the long - term supply and resilience, Nexperia China has actively launched multiple contingency plans and is accelerating the verification of new wafer production capacity. Nexperia China is confident that it will complete the verification in the short term and seamlessly meet the needs of all customers starting from next year. (Jiemian News)

Another home appliance giant officially announces its entry into the automotive industry. Sharp will launch its first pure - electric vehicle in 2027.

Japanese home appliance brand Sharp recently announced that it will launch its first pure - electric vehicle, the LDK+, in 2027 and is considering selling it through channels such as home appliance stores and home builders. The new LDK+ concept car was unveiled at the 2025 Tokyo Motor Show, which opened on October 29. In fact, as early as September 2024, Sharp proposed to enter the electric vehicle market and planned to launch multiple electric vehicles in the future. At that time, Sharp announced that it would jointly build pure - electric vehicles with Foxconn and showed a trailer of the first concept model, the LDK+, on social media. It is reported that this model was jointly developed by Sharp, Foxconn's parent company Hon Hai Group, and Japanese startup electric vehicle company FoloFly. (Red Star News)

Vote on Musk's Trillion - Dollar Pay Package Looms, and He Engages in a War of Words with Consulting Firms

This week, Tesla will hold a shareholder vote to decide on CEO Elon Musk's pay package worth $1 trillion. However, recently, several consulting firms that provide shareholder voting advice to institutional investors, such as Glass Lewis and ISS, have publicly opposed this huge pay package. This has also sparked a war of words between Musk and them. Musk said, "I've been working hard here to build a 'robot army,' but I might be kicked out of the company because of the incredibly stupid advice from the ISS and Glass Lewis consulting firms. They don't understand anything at all." (CCTV Finance)

JPMorgan Chase CEO Rejects Remote Work Petition from 2,000 Employees

JPMorgan Chase CEO Jamie Dimon this week reaffirmed his opposition to remote work, rejecting the demands of 2,000 employees for a hybrid work arrangement. He believes that in - person collaboration remains crucial for career development. The petition, which had accumulated over 2,000 signatures during 2025, reached Dimon's desk. It stated that the bank's decision to end the hybrid work model was "a huge step backward" that damaged the "reputations of employees, customers, shareholders, and the company." JPMorgan Chase eliminated the hybrid work model in January 2025, requiring its more than 300,000 employees worldwide to return to the office five days a week by March. (Sina Finance)

American internet celebrity Kardashian questions the authenticity of the US moon landing, NASA responds: We've been to the moon six times before

According to a report by Deutsche Presse-Agentur on October 31, American reality TV star and entrepreneur Kim Kardashian recently implied in her show that the US moon landing in 1969 was a hoax. Sean Duffy, the acting administrator of the National Aeronautics and Space Administration (NASA), refuted this claim. The report said that Duffy wrote on the social platform X: "We've been to the moon before, that's for sure... six times!" His remarks were in response to a video in the latest episode of "The Kardashians," which aired on October 27. "I think it (the moon landing) is fake," Kardashian said when talking about the Apollo 11 mission, which consisted of Neil Armstrong, Michael Collins, and Buzz Aldrin. (Reference News)

Going public in progress

Taotao Vehicle Industry

36Kr learned that Taotao Vehicle Industry announced that on October 31, 2025, it had submitted an application to the Hong Kong Stock Exchange for the issuance of overseas - listed shares (H - shares) and listing on the Main Board. The subscribers are qualified investors both overseas and in the Chinese mainland. The issuance and listing of this time are subject to the approval, verification or filing of relevant departments, and there are still uncertainties. The company will disclose the progress in a timely manner.

The Cutting - Edge of AI

Wen Xiaoyan Brand Upgrades to Wenxin App, Unveils AI Creation Capabilities like Magic Comics

36Kr learned that on November 1st, Baidu's Wen Xiaoyan App was officially upgraded to Wenxin App, and AI features such as "Magic Comics" were launched. Users can quickly generate high - quality AI serialized comics by directly uploading a photo or a sentence. This is also the first time in the industry to achieve AI - customized generation of multi - image, multi - page, complex - plot, and real - time serialized comics. It is understood that the Wenxin APP previously launched the "Worry - free Writing" function focusing on official document writing scenarios, which supports automatic verification and proofreading of text facts. The newly launched "Magic Comics" function brings a new content production experience with low thresholds, strong interactivity, and personalization, comprehensively enhancing search and creation capabilities.

The Torch Relay of the 15th National Games: The Robot Torchbearer "Kuafu" Makes an Appearance

On the morning of November 2nd, the torch relay of the 15th National Games was held simultaneously in Hong Kong, Macao, Guangzhou, and Shenzhen. Compared with previous National Games, this torch relay achieved "linkage among three regions and simultaneous relay in four cities" in the organizational form for the first time, and introduced intelligent technology elements in the relay method. The humanoid robot "Kuafu" appeared as a special torchbearer in Shenzhen, holding a torch weighing 1.6 kg and completing the relay between the second and third legs. (CCTV News)

Financial Reports of Large Companies

Berkshire Hathaway's cash reserve hits a new high, and it hasn't repurchased stocks for five consecutive quarters

Berkshire Hathaway's cash reserve soared to $381.7 billion in the third quarter, setting a new record, and its operating profit increased by 34%. According to the financial report released on November 1st, the company's operating profit in the third quarter rose to $13.5 billion. Due to an unusually small number of natural disasters in the quarter, the insurance underwriting profit increased. Buffett sold stocks worth $6.1 billion in the third quarter. Despite the continuous growth of the cash reserve, the company's net investment income declined by 13% year - on - year to $3.2 billion due to the decline in short - term interest rates. (Sina Finance)

CSCA: Listed companies achieved a total net profit of 4.7 trillion yuan in the first three quarters, a year-on-year increase of 5.5%

On the evening of November 1st, the China Association of Listed Companies released the report on the operating performance of China's listed companies in the third quarter of 2025. As of October 31st, except for those that announced delayed disclosure, a total of 5,446 listed companies in China's domestic stock market (the Shanghai, Shenzhen, and Beijing Stock Exchanges, hereinafter referred to as the "entire market") disclosed their third-quarter reports for 2025. Data shows that in the first three quarters, listed companies achieved a total operating income of 53.46 trillion yuan and a net profit of 4.70 trillion yuan, a year-on-year increase of 1.36% and 5.50% respectively. (Jiemian News)

Compiled by | Baby Chinese Cabbage