At 8 a.m., here are the latest news: Fat Donglai rewards 20 employees who showed heroism in an injury incident, with the highest reward being 50,000 yuan; The platform responds to the issue of "Taobao Flash Delivery riders needing to purchase new work uniforms themselves"; Shao Jiayi will become the head coach of the Chinese national football team.

Today's Hotspot Guide

• The password for the Louvre's surveillance system is actually the French spelling of "Louvre".
• In the first three quarters of 2025, there were 5.152 million marriage registrations, an increase of 405,000 compared with the same period last year.
• ByteDance is recruiting robot algorithm experts with an annual salary of one million.
• Yu Donglai: Fat Donglai has no plan to go public.
• A well - known American "short seller" is shorting NVIDIA.
• Flu cases in Japan have surged, and more than a thousand schools have suspended classes.

Top 3 Big News

Fat Donglai Rewards 20 Employees Who Showed Courage in a Wounding Incident, with a Maximum Individual Reward of 50,000 Yuan

On the evening of November 5th, the official Douyin account of Xuchang Fat Donglai Supermarket Co., Ltd. released a notice regarding the rewards for the brave and just employees of Fat Donglai. According to the notice, the company is rewarding the employees who participated in the emergency response to the sudden intentional injury incident at the Life Plaza on November 2nd. A total of 200,000 yuan will be awarded to 20 employees, with the highest individual reward reaching 50,000 yuan.

According to previous media reports, an intentional injury case occurred at the Xuchang Fat Donglai Life Plaza on the afternoon of November 2nd. According to the Weidu Branch of the Xuchang Public Security Bureau, at around 2 p.m. that day, at the entrance of the first - floor hall of the Fat Donglai Life Plaza on South Street in Weidu District, the suspect Feng Moumou (male, 37 years old) injured a couple, Wu Moumou (male, 41 years old) and Xu Moumou (female, 39 years old) due to a dispute. After the incident, the patrol police and the mall security personnel arrested the suspect Feng Moumou on the spot and promptly sent the injured to the hospital. (Jiemian News)

Ele.me Responds to "Taobao Flash Delivery's New Work Uniforms Require Riders to Purchase Themselves"

On November 5th, the topic of "Ele.me riders changing to Taobao Flash Delivery's new work uniforms" continued to be discussed. Some netizens said that riders need to pay for this new set of work uniforms themselves. After interviewing multiple Ele.me food delivery riders, reporters learned that the new work uniforms can be exchanged for old ones, but the requirements for different categories and levels of riders to exchange for new work uniforms vary. Some stations mentioned during recruitment that only long - term and stable riders can get a set of new equipment such as clothes and helmets for free. If riders don't work for a long time, they need to bear the cost themselves.

In response, Ele.me told reporters that this uniform change is in the form of exchanging old for new and is distributed to riders in direct - operated cities. Among them, exclusive delivery riders can receive a free 4 - piece set of equipment. Preferred, Bee Run, and Youyuan city riders can exchange for new ones for free with the blue old equipment purchased in the past year. Crowdsourced riders can get free replacement or discount qualifications according to different levels. Exclusive delivery riders need to wear the new work uniforms when delivering orders, while crowdsourced riders are not required to wear them. (The Paper)

Shao Jiayi Appointed Head Coach of the Chinese National Football Team

On November 5th, the Chinese Football Association announced that after an open recruitment process, it has decided to appoint Shao Jiayi as the head coach of the Chinese national men's football team.

It is understood that Shao Jiayi, 45 years old, is a Chinese professional football player and coach, who played as a midfielder on the field. Shao Jiayi has served as a coach for the U19 and U20 teams of the Chinese national football team and has also been an assistant coach for the national team. In July last year, he took over as the head coach of Qingdao West Coast, which is his only experience coaching a first - team so far. During his tenure at Qingdao West Coast, Shao Jiayi achieved 15 wins, 13 draws and 13 losses. As of now, Qingdao West Coast is ranked 9th in the Chinese Super League this season. (Beijing Daily)

Big Companies/Big Events

Apple Responds to iPhone Face Unlock without Using the Camera

On November 5th, the topic "iPhone face unlock doesn't require a camera" trended on social media, sparking intense discussions. Many netizens posted photos showing that they could still unlock their phones with the camera covered. Netizens exclaimed, "It's a little - known fact! I just found out!" In response, an official Apple staff member stated that the unlocking process doesn't rely on the front - facing camera but rather on the TrueDepth camera system for recognition. After consulting relevant materials, it was found that the infrared lens enables Face ID unlocking by capturing infrared images and detecting fixed feature points. Claiming that "no camera is needed at all" is inaccurate, as the infrared lens still falls under the broad category of cameras. (Phoenix Weekly)

A total of 5.152 million couples got married in the first three quarters of 2025, a year-on-year increase of 405,000 couples

According to the latest data released by the Ministry of Civil Affairs, 5.152 million couples registered for marriage in the first three quarters of 2025. Compared with 4.747 million couples in the same period last year, the number of marriage registrations in the first three quarters of this year increased by 405,000 couples year-on-year. In recent years, the state has strongly advocated marriage and childbearing at an appropriate age and built and improved the whole - society support system for marriage and childbearing, such as extending the marriage leave, implementing the nationwide marriage registration service, and rewarding marriage, etc. (Yicai Global)

JD.com's No. 1 Car Officially Rolls off the Production Line, Price May Be Below 100,000 Yuan

On November 5th, the "People's Good Car" - Aion UT super No. 1 car, jointly launched by JD.com, GAC Group, and CATL, officially rolled off the production line. This car is equipped with CATL's chocolate batteries, has a cruising range of 500 kilometers, and the batteries can be charged and swapped, supporting ultra - fast battery swapping in 99 seconds. Currently, the price has not been announced yet, and market insiders expect it to be below 100,000 yuan. In terms of the energy replenishment mode, CATL provides the "Chocolate Battery Swapping Ecosystem". On that day, CATL's 777th chocolate battery swapping station was officially launched in Changsha. This year, 1,000 battery swapping stations will be built in 45 cities across the country. By 2026, more than 2,500 battery swapping stations will be built in nearly 120 cities, and in the long - term, 30,000 stations are planned. On October 22nd, JD.com's No. 001 "People's Good Car" went up for auction on JD.com's auction channel, attracting nearly 300,000 people to watch. After more than 23,000 bids over 4 hours, the final bid exceeded 78 million yuan. (21st Century Business Herald)

The Louvre is accused of having major loopholes in its security system, and the password for the monitoring system is actually the French spelling of "Louvre"

Recently, the French newspaper Libération conducted an investigation into the Louvre's security system and found that an audit report by the French National Cybersecurity Agency in 2014 showed that the password for the server of the Louvre's video surveillance system was simply "louvre" (the French spelling of the Louvre). In addition, the password for a security program used by the Louvre, developed by Thales Group, was "thales" (the French spelling of Thales).

In 2015, a new audit report showed that these problems remained unresolved. In 2017, the audit report still indicated that there were major flaws in the overall security of the Louvre. At the beginning of 2025, a new round of security audits was launched. A police chief involved in this audit recently stated that security loopholes in the museum still exist. (Yangtze Evening Post)

Well - known U.S. "Short Seller" Bets Against NVIDIA

The three major stock indexes of the New York Stock Exchange in the United States fell on the 4th, with technology stocks leading the decline. Previously, well - known U.S. "short seller" Michael Burry said that he had bet more than $1 billion against technology companies such as NVIDIA. Regulatory filings released on the 3rd showed that Burry had spent about $1.1 billion to buy put options on NVIDIA and software company Palantir. Such options can profit from a decline in stock prices. The filings also showed that he bought call options on oilfield services company Halliburton and pharmaceutical company Pfizer. (Xinhua News Agency)

Annual Salary of One Million: ByteDance Recruits Robot Algorithm Experts

Recently, ByteDance Group has launched a recruitment for senior experts in the field of manipulation algorithms for humanoid embodied robots, offering a monthly salary ranging from 95K to 120K. The recruitment page shows that this position will lead the research and development of manipulation algorithms for humanoid embodied robots, including but not limited to algorithm architecture design, grasping algorithms, research and development of VLA (vision-language-action three-modal end-to-end framework) models, and work in areas such as dexterous hands; participate in or guide the pre-training, post-training, and SFT of embodied large models, as well as work in aspects such as evaluation and model deployment; participate in the software architecture design and development of the robot autonomous system technology stack, and data collection technologies required for training manipulation strategies. (Yicai Global)

Mi Call Announces Service Shutdown on December 3rd, All User Data to Be Cleared

On November 5th, it was reported that Mi Call recently issued a service shutdown notice, announcing that it will cease service on December 3rd, 2025, due to product adjustments.

The specific arrangements are as follows: Starting from November 15th, 2025, new user registration will be stopped, and the app will be removed from the app stores. Users who have already installed the app can still continue to use the call function. Starting from December 3rd, 2025, all functions will stop running, and the service will be completely terminated. After the shutdown is completed, Mi Call will clear all data in users' accounts. (Cailian Press)

Qi Junyuan, the person in charge of Doubao's PC product, has left the company

Qi Junyuan, the person in charge of Doubao's PC product under ByteDance, has left the company. Qi Junyuan graduated from the Department of Information Management at Shanghai Jiao Tong University with a bachelor's degree. During his college years, he founded Teambition, one of the earliest collaborative office SaaS products in China. The project was acquired by Alibaba for $100 million in 2019, and then he joined Alibaba and served as the person in charge of Alibaba Cloud Drive. In early 2023, Qi Junyuan joined Feishu. In 2024, Qi Junyuan transferred to Flow and was responsible for Doubao's PC product. (Jiemian News)

ASUS Apologizes to Tencent: Admits to False Evaluation of ACE Anti - Cheat System

On November 5th, ASUS Computer (Chongqing) Co., Ltd. issued an apology statement to Tencent Game Security ACE through Bilibili.

The statement mentioned that recently, the video titled "Turn off the ACE Anti - Cheat System to Protect Your Computer Performance" posted by ASUS' official flagship account contained incorrect descriptions and false evaluations, which had a negative impact on Tencent Game Security ACE and caused concerns among players about software security and computer performance stability. ASUS hereby expresses its sincere apologies. Currently, ASUS has removed the video immediately and is conducting a serious internal review and process streamlining.

It is understood that the incident originated from a video posted by ASUS' official flagship account on October 29th, which claimed that Tencent's ACE Anti - Cheat System would "scan the hard drive frantically", causing game stuttering, frame drops, and even system instability, and taught players how to turn off the system. This further triggered players' concerns about the security and performance of the ACE system. (Jiemian News)

Tesla's major shareholder rejects Musk's $1 trillion compensation plan

The $1.9 trillion Norwegian sovereign wealth fund has rejected Tesla CEO Elon Musk's $1 trillion compensation plan, becoming the first major investor to make a decision on the plan. The fund expressed concerns about the scale of the compensation plan on Tuesday: "While we appreciate Musk's vision in creating significant value, we are concerned about the total size of the reward, the dilution effect, and the lack of measures to mitigate key - person risk." On Thursday, Tesla will hold its annual general meeting and announce the voting results of several proposals, including Musk's compensation plan. Under the plan, if Musk boosts Tesla's valuation to $8.5 trillion over the next 10 years, nearly eight times its current valuation, he will receive an additional 12% stake in Tesla. At this level, the proposed reward would be worth just over $1 trillion. (Sina Finance)

Guizhou Moutai: Plans to Repurchase and Cancel Shares Worth 1.5 Billion to 3 Billion Yuan

On November 5th, Guizhou Moutai (600519.SH) announced that the company plans to repurchase shares through centralized competitive trading. The total capital for the repurchase will be no less than 1.5 billion yuan and no more than 3 billion yuan, and the repurchase price will not exceed 1,887.63 yuan per share. The repurchased shares will be cancelled to reduce the company's registered capital.

Previously, on September 21st, 2024, Guizhou Moutai announced that it planned to repurchase shares worth 3 billion to 6 billion yuan for cancellation and reduction of the company's registered capital. On August 29th, 2025, Guizhou Moutai announced that the company had completed the share - repurchase plan. The actual number of shares repurchased was 3.9276 million, accounting for 0.3127% of the total share capital, and the actual repurchase amount was 6 billion yuan.

On August 29th, 2025, Guizhou Moutai announced that its controlling shareholder, Moutai Group, planned to increase its stake in the company by purchasing shares worth 3 billion to 3.3 billion yuan within six months. On September 1st, Moutai Group increased its stake by purchasing 67,800 shares of the company through centralized competitive trading. (Caixin)

Yu Donglai: Fat Donglai Has No Plan to Go Public

On November 5th, Yu Donglai, the founder of Fat Donglai, posted pictures and texts on the social platform to clearly respond to the market's concerns: Fat Donglai has no plan for large - scale development, let alone a plan to go public.

He said that in the future, Fat Donglai will become a very excellent school - style enterprise focusing on cultural exchange research and business exchange research, and become a business model for the industry to refer to, communicate with and learn from. Its main feature is to research and share a scientific and happy lifestyle. (Caixin)

Shenzhou-20's Return Mission to be Postponed Due to Suspected Impact by Space Micro Debris

Reporters learned from the China Manned Space Engineering Office that the Shenzhou-20 manned spacecraft was suspected to have been hit by space micro debris, and impact analysis and risk assessment are underway. To ensure the life, health and safety of the astronauts and the complete success of the mission, after research and decision, the return mission of Shenzhou-20, originally scheduled for November 5th, will be postponed. (CCTV News)

Leapmotor Responds to Rumor of FAW Group Acquiring Its Stake: The News Is False

On November 4th, in response to the news that FAW Group would acquire Leapmotor, Leapmotor officially told Jiemian News that the news was false. Previously, some media reported that through private placement, FAW Group would gradually acquire Leapmotor's shares and ultimately become its largest shareholder. The plan had been approved by relevant authorities and was scheduled to be officially announced on November 17th. (Jiemian News)

Zhu Lidan Resigns as Legal Representative of Hongsheng Group and Is No Longer on the List of Key Personnel of the Company

On November 5th, industrial and commercial information showed that there was an industrial and commercial change in Hongsheng Beverage Group Co., Ltd. Zhu Lidan resigned as the legal representative and manager, and the resignation date was shown as November 5th, with Zheng Qundi taking over. Previously, Jiemian reporters confirmed from informed sources that Zhu Lidan had left the company and her office had been emptied, but Wahaha has never responded officially. Currently, the key personnel of Hongsheng Group include Zheng Qundi, who has newly taken over as the legal representative, Zong Fulli, the president of Hongsheng Group, as well as Yan Xuefeng and Ding Xiujuan. As a core figure in the former Wahaha system, Zhu Lidan assisted Zong Fulli in managing Hongsheng Group in the early years and succeeded Zong Fulli as the chairperson and legal representative of Hongsheng Group in November 2022. (Jiemian News)

IATA Clearing House Adds Chinese Yuan as a Settlement Currency

On November 5th, the International Air Transport Association (IATA) announced that it will add the Chinese yuan as one of the settlement currencies available for airlines and other suppliers at the IATA Clearing House (ICH). Previously, the IATA Clearing House supported settlement in seven currencies, including the US dollar, euro, British pound, Swiss franc, Singapore dollar, Australian dollar, and Japanese yen. The plan for yuan settlement is scheduled to be launched in December 2025, and the trial - run phase will be completed before then. China Southern Airlines and Xiamen Airlines will be the first to pilot yuan settlement in November 2025. This new option will bring benefits to airlines operating in China, helping them reduce exchange - rate risks, simplify the access process for local suppliers, and achieve cost reduction and efficiency improvement. (Securities Times)

Stellantis Recalls 375,000 Vehicles Globally Due to Safety Risks Associated with Samsung SDI Batteries

On November 4th local time, Stellantis announced that it will recall 375,000 plug - in hybrid Jeep Wranglers and Grand Cherokee SUVs globally due to battery malfunctions. There have been 19 fire reports previously. The group also urged owners to park their vehicles outdoors and avoid charging them until the issues are resolved. This recall covers some 2020 - 2025 Jeep Wrangler 4xe models and 2022 - 2026 Jeep Grand Cherokee 4xe SUVs.

The company stated that the batteries in question were produced by Samsung SDI. An investigation jointly conducted by Stellantis and Samsung SDI showed that the cause of a fire earlier this year was consistent with the defect in the 2024 recall. The U.S. National Highway Traffic Safety Administration pointed out that vehicles that had been repaired in the 2023 and 2024 recalls still need to be inspected again this time. (Sina Finance)

Surge in Flu Cases in Japan Leads to Over a Thousand Schools Closing

Recently, the number of flu patients in Japan has increased rapidly. Tokyo and its neighboring prefectures of Kanagawa, Chiba, and Saitama have all issued flu alerts. To cope with the flu, over 1,000 schools in Japan have taken measures such as suspending classes.

According to the latest data released by Japan's Ministry of Health, Labour and Welfare, in the week from October 20th to 26th, the number of flu cases reported by designated medical institutions across Japan reached 24,276, nearly doubling compared to the previous week and marking a continuous increase for ten weeks. The time when the weekly number of cases exceeded 20,000 was about one month earlier than last year. Not only in the capital region, but there is also a trend of flu spreading in many parts of Japan. The number of cases in many areas of the Kansai region has also increased two to three times compared to the previous week. Affected by the spread of the flu, 1,015 schools across Japan have taken corresponding measures such as suspending classes, and this number has nearly tripled compared to the previous week. (CCTV Finance)

The U.S. federal government enters its longest "shutdown" in history, with the political deadlock continuing

On November 4th, Eastern Time in the United States, the U.S. Senate voted 54 to 44, falling short of the required 60 votes, and once again failed to pass the temporary funding bill for the federal government. This has led to the continuation of the fiscal deadlock that triggered the government "shutdown". At midnight on November 5th, Eastern Time, the current federal government "shutdown" that started on October 1st entered its 36th day, breaking the previous record of 35 days from the end of 2018 to the beginning of 2019 and becoming the longest government "shutdown" in U.S. history. As of now, the temporary funding bill has been rejected 14 times in the Senate. (CCTV News)

The three major U.S. stock indexes closed higher collectively, with Tesla rising more than 4%

36Kr learned that at the close on November 5th, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose 0.48%, the Nasdaq Composite rose 0.65%, and the S&P 500 Index rose 0.37%. Large technology stocks showed mixed performance. Tesla rose more than 4%, Google rose more than 2%, Meta rose more than 1%, and Amazon and Apple had slight increases. Microsoft and Nvidia fell more than 1%, and Arm had a slight decline. Popular Chinese concept stocks also showed mixed performance. Pinduoduo, NIO, and Li Auto rose more than 1%, and NetEase, JD.com, and Alibaba had slight increases. XPeng Motors fell more than 3%, Baidu fell more than 1%, and Bilibili and Tencent Music had slight declines.

Hong Kong Exchanges and Clearing Limited Proposes to Replace Auditor with KPMG

36Kr learned that Hong Kong Exchanges and Clearing Limited announced that the Board, based on the recommendation of the HKEX Audit Committee, resolved to appoint KPMG as the Group's external auditor for the year ending December 31, 2026. The appointment is subject to the approval of HKEX's shareholders at the 2026 Annual General Meeting. PricewaterhouseCoopers was re - appointed as the auditor at the 2025 Annual General Meeting held on April 30, 2025, to conduct the audit work for the Group for the year 2025. PricewaterhouseCoopers will retire from the position of auditor upon the conclusion of the 2026 Annual General Meeting.

Going Public in Progress

Hangzhong Tianqi

36Kr learned that on November 4th, Hangzhong Tianqi (Chongqing) Microelectronics Co., Ltd. (hereinafter referred to as "Hangzhong Tianqi") completed the filing registration for tutoring with the Chongqing Securities Regulatory Bureau. It plans to conduct an initial public offering of stocks and be listed on the Growth Enterprise Market. The tutoring securities firm is Guojin Securities.

Anwen Technology

36Kr learned that the website of the China Securities Regulatory Commission (CSRC) disclosed that Anwen Technology Group Co., Ltd. completed the record - filing for tutoring with the Hebei Securities Regulatory Bureau on November 4, 2025. It plans to make an initial public offering (IPO) and list on the stock market. The tutoring securities firm is GF Securities. The tutoring record - filing report shows that the company's controlling shareholder, Zhang Haitao, directly holds 40.92% of the company's shares.

The Cutting - Edge of AI

Google Plans to Test Solar-Powered AI Data Centers in Space

Google has announced the launch of the "Suncatcher" project to explore the use of solar energy to build AI data centers in space. The company plans to launch two prototype satellites in partnership with Planet Labs as early as the beginning of 2027 to verify the feasibility of deploying AI computing power in low Earth orbit. Google said that as the demand for computing power and energy in artificial intelligence continues to rise, space has the advantage of almost continuous sunlight, which can significantly relieve the energy pressure on the ground. The company said in the announcement that its self-developed TPU chips will be sent into space with the satellites to continuously absorb solar energy in the sun-synchronous orbit from dawn to dusk. (Sina Finance)

Apple May Plan to Introduce Google's AI Technology to Boost a Major Upgrade of Siri

According to people familiar with the matter, Apple plans to use an artificial intelligence model with 1.2 trillion parameters developed by Google to support a comprehensive upgrade of its long - promised Siri voice assistant. The people, who asked to remain anonymous because the discussions were private, said that after a long - term evaluation, the two companies are finalizing an agreement in which Apple will pay Google about $1 billion a year to use the technology. (Sina Finance)

Microsoft AI Chief Says Pursuing Conscious AI is 'Absurd'

Mustafa Suleyman, the head of Microsoft's AI, recently stated at the AfroTech conference in Houston that the industry's pursuit of "conscious AI" is the wrong direction, and he called the development of such systems "absurd." He emphasized that this line of thinking is "asking the wrong question" and will lead to a wrong development path. Suleyman cited the view of "biological naturalism" and pointed out that consciousness is a phenomenon unique to living organisms. AI can only simulate narratives and cannot experience real emotions, such as pain and sadness. He reiterated that "AI does not have consciousness and cannot have consciousness." (Sina Finance)

Cool Products

XPeng to Launch Three Robotaxi (Driverless Taxi) Models and Start Trial Operations in 2026

On November 5th, XPeng Motors announced that it will launch three Robotaxi (driverless taxi) models in 2026 and commence trial operations in the same year. He Xiaopeng, the CEO of the company, stated that it is more conducive for automakers to promote the scale - up and commercialization of the Robotaxi industry by investing in this area on their own. Meanwhile, XPeng will conduct self - developed software, self - manufactured hardware, and open up the SDK, etc. According to the plan, AutoNavi will become the first global ecological partner of XPeng's Robotaxi, and the latter will be connected to the former's ride - hailing platform. (Yicai Global)

Volkswagen Announces Self-Developed System-on-a-Chip (SoC)

On November 5th, Volkswagen Group announced at the 8th China International Import Expo that its joint venture, CoreOS, established by its software company CARIAD and Horizon Robotics, will independently design and develop a system-on-a-chip (SoC) in China. The chip is expected to be mass-produced and delivered within the next 3 - 5 years, with a computing power of 500 - 700 TOPS per chip. Han Sanchu, CEO of CARIAD China, said that the self-developed chip is a strategic investment worth approximately $200 million. (Yicai Global)

Compiled | Purple