8:01 AM News Roundup | Xiaomi Responds to Price Hike of SU7 Modified Version; Apple Launches New Accessories Starting at 1,299 Yuan; China Leads the World in 6G Patent Applications
Today's Hotspot Guide
- China leads the world in 6G patent applications
- Small and medium-sized banks start to remove long-term time deposit products from the market
- Unitree Robotics obtains authorization for patents related to robot fingers
- Japan raises visa fees for foreign tourists for the first time in 40 years
- The chairman of the BBC apologizes for the controversy over the Trump documentary
- JPMorgan Chase Private Bank predicts that the gold price will exceed $5000 by the end of 2026
Top 3 Big News
Xiaomi Responds to Price Increase of SU7 Model Update: No Official Notice Currently
On November 11th, the topic "Xiaomi SU7 is about to have a model update and a price increase" trended on social media. The online post claimed that Xiaomi would launch a new version of the SU7, with a price increase of 9,900 yuan, and involve 12 configuration upgrades, including the installation of the second - generation Kirin battery, a new chassis architecture, and functions such as seat ventilation, heating, and massage.
In response, a reporter consulted Xiaomi Auto's official customer service. The staff member replied that currently, the official has not issued any formal notice regarding a model update or price increase. The Xiaomi SU7 still maintains its original configuration and price. Consumers are advised to follow Xiaomi Auto's official website for the latest information. Additionally, the staff at a Xiaomi Auto store also told the reporter that they have not received any notice about a model update or price increase, and there will be no changes to the vehicle's configuration and price in the near future. It is understood that as Xiaomi Group's first mass - produced vehicle, the Xiaomi SU7 has received extensive market attention since its release. The model currently offers three configurations: the standard version, the Pro version, and the Max version, with official guide prices of 215,900 yuan, 245,900 yuan, and 299,900 yuan respectively. (Jingshi Live)
iPhone Pocket Launched, Starting at $1299
On the afternoon of November 11th, Beijing time, Apple announced in a press release that Issey Miyake and Apple have officially launched the iPhone Pocket. The design of this product is inspired by "a piece of cloth" and features a unique 3D knitted integrated structure, which is compatible with all iPhones and other small personal items. The official stated that this accessory "lets you carry your iPhone in a wonderful way."
The iPhone Pocket will go on sale starting from November 14th at selected Apple Stores and on apple.com in France, Greater China, Italy, Japan, Singapore, South Korea, the UK, and the US. The iPhone Pocket is a special edition product. The short - strap version comes in eight color options: lemon, citrus, purple, pink, peacock green, sapphire blue, cinnamon, and black; the long - strap version offers three color options: sapphire blue, cinnamon, and black. The short - strap iPhone Pocket is priced at $1299, and the long - strap version is priced at $1899. (IT Home)
Image source: Apple's official website
China Leads the World in 6G Patent Applications, with Listed Companies Competing for Technological Dominance
Recently, the "China Internet Development Report 2025" was officially released at the 2025 World Internet Conference Wuzhen Summit. The report shows that as of June 2025, China accounted for approximately 40.3% of the world's 6G patent applications, ranking first globally. Meanwhile, China has become the country with the largest number of artificial intelligence patents in the world, accounting for 60%. China is accelerating the R & D and industrial layout of 6G technology. Recently, many listed companies have also frequently stated that they have entered key technology areas to compete for the commanding heights of the next - generation communication technology. (Securities Daily)
Large Companies/ Major Events
Fat Donglai Announces the Litigation Result of the "Chai Duidui" Case: "Chai Duidui" and Others Ordered to Pay a Total of 2.6 Million Yuan in Compensation to Fat Donglai and Yu Donglai
The case of "Chai Duidui" slandering Fat Donglai, which lasted for half a year, has finally reached a verdict. On November 11th, Fat Donglai released the litigation result regarding the infringement. In the case of Chai Duidui, the litigation result is as follows: Mr. Chai, Wenzhou XX Company, and Wuhan XX Company shall jointly compensate Fat Donglai 2 million yuan, compensate Yu Donglai 400,000 yuan, and bear reasonable expenses of 200,000 yuan, with a total compensation of 2.6 million yuan.
The relevant litigation results of this case also include: the four defendants shall immediately cease the infringement and delete the litigated videos on the "Chai Duidui" account; Mr. Chai shall, within 10 days, post a court-approved apology statement at the top of the "Chai Duidui" account; Wen XX shall bear joint and several liability for the above compensation within the scope of 520,000 yuan, etc. (Jiemian News)
After donating 10,000 shares of Kweichow Moutai, Duan Yongping donated another 220 million yuan
According to the WeChat official account of Beijing Normal University, on November 11, well - known entrepreneur and investor Duan Yongping officially signed an agreement with the Education Foundation of Beijing Normal University, donating 220 million yuan to support the construction of the science and engineering complex at Beijing Normal University and the development of normal and cutting - edge disciplines, and to assist in the cultivation of innovative and interdisciplinary talents.
On October 31, the donation ceremony of the "Duan Ximing and His Wife Education Special Fund" of Jiangxi University of Water Resources and Electric Power was held in Conference Room 300 of the administrative building on the Yaohu Campus. Duan Yongping donated 10,000 shares of Kweichow Moutai Co., Ltd. (worth 15 million yuan) he held to the Education Development Foundation of Jiangxi University of Water Resources and Electric Power free of charge. He established an education special fund in the name of his parents to fully support the school's cause of encouraging teaching and rewarding students. (Cailian Press)
Xibei Responds to Store Adjustments: It's a Normal Business Practice in the Catering Industry
36Kr learned that Xibei issued a statement saying that opening and closing stores are normal business practices in the catering industry. Xibei dynamically adjusts the number of its stores every year based on its business performance. This year, Xibei's stores are also under dynamic adjustment. Recently, the closure of stores in places such as Shenzhen and Shantou is within the scope of normal adjustment.
Multiple big IP movies are about to be released, and the annual box office is expected to reach 50 billion yuan
Data from Dengta Professional Edition shows that as of November 10, the total box office of the 2025 movie market has reached 45.018 billion yuan. In the next more than a month, 4 imported movies will be released, which are expected to help the annual box office exceed 50 billion yuan. Specifically, these 4 movies are Zootopia 2, Now You See Me 3, Demon Slayer: Infinity Castle Arc - Chapter 1: Akaza's Second Assault, and Avatar: Fire and Ashes. All 4 movies are well - known IPs that have been proven in the domestic and global markets and have a solid audience base. (Securities Daily)
Return mission of Shenzhou-20 crew progressing in an orderly manner
According to the China Manned Space Engineering Office, after the return mission of the Shenzhou-20 manned spacecraft was postponed, the project adhered to the principle of "putting life first and safety first" and immediately activated emergency plans and measures. It organized comprehensive simulation analysis, tests and safety assessments of the Shenzhou-20 manned spacecraft, studied the implementation plan for the return of the Shenzhou-20 crew. All systems carried out various tests, joint debugging and joint tests strictly according to the process, organized the interpretation of the status of key products and quality confirmation. The landing site is conducting comprehensive drills for the return of the Shenzhou-20 crew. All work is progressing steadily as planned. At present, the space station complex is in normal condition and has the ability to support the on-orbit stay of two astronaut crews. The Shenzhou-20 crew is working and living normally and is jointly carrying out on-orbit scientific experiments (trials) with the Shenzhou-21 crew. (Xinhua News Agency)
Small and medium-sized banks begin to remove long-term time deposit products from the market, with five-year deposit products seeing the first "removal"
Following the inversion of deposit interest rates and the situation of "longer deposits with lower yields", in order to deeply adjust the liability structure, some small and medium-sized banks have started to remove long-term time deposit products from the market. In the future, will more banks follow suit and adjust their long-term deposit products? In response, many industry insiders said that the net interest margin of banks still shows a downward trend at present, and commercial banks do need to control their liability costs. It is not ruled out that more long-term deposit products will be included in the scope of adjustment. (Securities Times)
Patent Related to Robot Fingers of Unitree Technology Granted
36Kr learned that according to the AiQicha App, recently, the patent for "a robot finger, robotic hand, and humanoid robot" of Hangzhou Unitree Technology Co., Ltd. has been granted.
In October, the sales volume of new energy vehicles in China exceeded 50% of the total sales volume for the first time
The latest data released by the China Association of Automobile Manufacturers on the 11th shows that from January to October this year, the production and sales volume of new energy vehicles in China continued to achieve relatively high growth. Among them, in October, the monthly sales volume of new energy vehicles exceeded 50% of the total sales volume of new vehicles for the first time. The latest data shows that from January to October this year, China's automobile production and sales volume reached 27.692 million and 27.687 million respectively, with year-on-year growth of over 10%. Among them, the production and sales volume of new energy vehicles reached 13.015 million and 12.943 million respectively, with year-on-year growth of 33.1% and 32.7% respectively. It is worth noting that in October, the monthly sales volume of new energy vehicles exceeded 50% of the total sales volume of new vehicles for the first time, reaching 51.6%. (CCTV News)
Japan to Raise Visa Fees for Foreign Tourists for the First Time in Over 40 Years
Japanese media reported on the 10th, citing sources, that the Japanese government plans to raise the visa application fees for foreign tourists starting from the fiscal year 2026. This will be the first time the Ministry of Foreign Affairs of Japan has increased the fees since relevant records began in 1978. According to the sources, the Japanese government will determine the increase based on the visa fee levels of European and American countries and will use part of the additional revenue to address "over - tourism". Currently, the single - entry visa fee in Japan is 3,000 yen (approximately 139 yuan), and the multiple - entry visa fee is 6,000 yen (approximately 277 yuan), significantly lower than those in the United States and many European countries. (Xinhua News Agency)
SoftBank Sells All Its NVIDIA Shares for $5.83 Billion
On Tuesday, SoftBank Group said it had sold all its shares in NVIDIA for $5.83 billion. The Japanese giant's move aims to raise funds for its full - scale bet on OpenAI, the parent company of ChatGPT. SoftBank said in its earnings report that it had sold 32.1 million NVIDIA shares in October. It also disclosed that it had sold part of its T - Mobile shares for $9.17 billion. (Sina Finance)
Tesla's monthly sales in China plummeted 63.6% month-on-month, and only 30% year-on-year
It is reported that Tesla had its worst sales performance in October this year in the past three years. The latest data shows that Tesla sold a total of 26,006 vehicles in October. Compared with 71,525 vehicles in the previous month, sales dropped 63.64% month-on-month and 35.76% year-on-year.
In terms of brand ranking, Tesla dropped from the 7th place in September to the 27th place in October. This sales figure was even lower than that in February this year, when the sales volume was 26,777 vehicles. Looking back over the past three years, this sales data was only slightly better than that in October 2022, when Tesla only sold 17,200 vehicles. (Yicai Global)
Tesla Cybertruck Business Head to Leave
The executive in charge of Tesla's Cybertruck business will leave the automaker led by Elon Musk after eight years in the role. Siddhant Awasthi, the head of Tesla's Cybertruck and Model 3 projects, said on LinkedIn that leaving the company was not easy. He did not disclose his next career plan. (Sina Finance)
Apple May Delay the Release of the Next-Generation iPhone Air, and Foxconn Has Dismantled Many Production Lines
On November 11th, according to Global Times citing sources familiar with the matter, due to sales falling short of expectations, Apple has decided to delay the release of the next-generation iPhone Air. This adjustment has also had a significant impact on the supply chain. Sources revealed that Apple has recently notified its internal engineers and external suppliers that the original development project of the iPhone Air 2 has been removed from the release schedule for the fall of 2026, and no new timeline has been provided. The model was originally planned to debut alongside the iPhone 18 Pro series and the iPhone Fold.
The sources also pointed out that Foxconn, one of the two assembly manufacturers of the iPhone Air, has dismantled all but one and a half production lines and is expected to completely stop production by the end of this month. Another partner, Luxshare Precision, ended the relevant production tasks at the end of October. (Global Times, Jiemian News)
BBC Chairman Apologizes for Controversy over Trump Documentary, Trump Considers Claiming Compensation
On November 10 local time, Samir Shah, the chairman of the British Broadcasting Corporation (BBC), apologized on a program of the TV station for the controversy over a documentary about US President Donald Trump. In recent days, the BBC has been criticized and condemned by the White House after a documentary it aired was accused of misleading viewers by editing Trump's remarks. On the same day, Trump sent a letter to the BBC saying that he would take legal action. The BBC has confirmed receiving the letter and said it would respond in due course. (CCTV News)
Tesla Plans to Expand Texas Gigafactory to Produce 10 Million Optimus Humanoid Robots Annually
Tesla is preparing to expand its Texas Gigafactory again by building a dedicated facility for the mass production of its humanoid robot, Optimus. Currently, Tesla has set up a pilot production line at its factory in Fremont, Northern California, to assemble some Optimus prototypes. However, the company plans to allocate the majority of the production capacity for the Optimus project to the Texas Gigafactory. It is reported that the annual production capacity of the Fremont factory is expected to be 1 million units. Elon Musk said that the company aims to achieve an annual production capacity of 10 million units in the new dedicated plant at the Texas Gigafactory. At present, the mass production of Optimus at the Texas Gigafactory is still scheduled to start in 2027. (Cailian Press)
JPMorgan Private Bank Predicts Gold Price to Surpass $5,000 by End of 2026
JPMorgan Private Bank said that the red - hot rally of gold may push the price above $5,000 per ounce next year, with the main impetus coming from purchases by central banks in emerging market economies. Alex Wolf, the global head of macro and fixed - income strategy at the bank, said in an interview that the price could reach between $5,200 and $5,300 by the end of 2026. This would be more than 25% higher than the current gold price level. (Sina Finance)
Buffett Will No Longer Write Berkshire's Annual Reports
On November 10 local time, Berkshire Hathaway publicly disclosed that Buffett converted 1,800 Class A shares into 2.7 million Class B shares for donation on the same day. Buffett said that he will no longer write Berkshire's annual reports or speak at the annual meetings. Buffett wants to retain a large number of Class A shares until Berkshire's shareholders are satisfied with Greg. At the beginning of last month, Berkshire announced that the company's board of directors had voted to amend the company's articles of association, separating the roles of the chairman of the board and the chief executive officer, meaning that the two positions will no longer be held by the same person. Vice Chairman Greg Abel will succeed Buffett as Berkshire's chief executive officer on January 1, 2026, while Buffett will continue to serve as the chairman of the board. (Jiemian News)
Coty Sues Kering and Gucci
Beauty group Coty, through its subsidiary, has sued Gucci and its parent company, French luxury group Kering, at the UK Commercial Court. Coty CEO Sue Nabi recently said at an investor meeting that the company will "defend its rights until the last day of the contract." The licensing contract between Coty and Gucci's beauty business is set to expire in 2028. Gucci's beauty business accounts for about 8% of Coty's total sales and 11% of its profits. In October 2025, Kering announced a long - term partnership with L'Oréal. After the contract with Coty expires, it will transfer Gucci's beauty business to French cosmetics giant L'Oréal, kicking off a 50 - year exclusive licensing partnership between the two parties. (Jiemian News)
The three major U.S. stock indexes closed mixed, and most popular Chinese concept stocks declined
36Kr learned that at the close on November 11, the three major U.S. stock indexes showed mixed performance. The Dow Jones Industrial Average rose 1.18%, the S&P 500 Index rose 0.21%, and the Nasdaq Composite Index fell 0.25%. Large technology stocks also had mixed performances. Apple rose more than 2%, Netflix rose more than 1%, and Microsoft, Google, and Amazon had slight increases. NVIDIA fell more than 2%, Intel and Tesla fell more than 1%, and Meta had a slight decline. Most popular Chinese concept stocks declined. Tencent Music and Alibaba fell more than 3%, Bilibili and NIO fell more than 1%, and Weibo, Pinduoduo, and Futu Holdings had slight declines. XPeng Motors rose more than 7%, and NetEase and Li Auto rose more than 1%.
Fengchao Responds to Forced Payment for Picking Up Parcels from Express Lockers
Recently, some netizens posted videos claiming that they couldn't skip the appreciation page to pick up parcels from Fengchao express lockers, which caught public attention.
In response, on November 10th, a relevant person in charge of Fengchao stated, "During the recent Double 11 peak period, network glitches caused problems with interface matching. The skip function button didn't match the actual position, resulting in this situation. Currently, Fengchao has disabled the appreciation function on all small - screen lockers and refunded the fees to users." (Sina Tech)
Qian Zhimin's "Bitcoin money laundering case" is about to be sentenced, facing up to 14 years in prison
It is reported that Qian Zhimin, a businesswoman who fled to the UK with nearly 50 billion yuan worth of Bitcoin and pleaded guilty in court in the "largest Bitcoin money laundering case in the UK", will have her sentencing result announced on Tuesday (the 11th) local time. She could face up to 14 years in prison.
A sentencing hearing held at Southwark Crown Court in London on the 10th of this month revealed Qian Zhimin's extravagant lifestyle, including buying expensive jewelry and spending 120,000 pounds on two luxury watches at once. Prosecutor Gillian Jones said at the sentencing hearing that after arriving in the UK, Qian Zhimin traveled around Europe and often stayed in high - end hotels. The report said that Qian Zhimin was very cautious and mainly traveled by self - driving. Qian Zhimin's defense lawyer, Richard Thomas, said that his client had no previous criminal record and had behaved well during detention. Richard said at the sentencing hearing that Qian Zhimin had worked hard to learn English in prison and "even wrote some poetry". (Red Star News)
Going public
Haitong Development
36Kr learned that Haitong Development announced that on November 11, 2025, the company received a review opinion issued by the Shanghai Stock Exchange, indicating that its application for a private placement of shares complies with the issuance and listing conditions and information disclosure requirements. This matter still needs to be approved for registration by the China Securities Regulatory Commission before implementation. There is uncertainty as to whether the approval for registration will be obtained and when it will be obtained. The company will timely disclose the progress in accordance with regulations.
Decolink
36Kr learned that Decolink announced that to advance its globalization strategy and deepen its overseas market layout, the company plans to initiate the overseas issuance of shares (S shares) and list on the Singapore Exchange. This move aims to enhance its overseas financing capabilities, expand its international capital platform, and improve its capital strength, global brand influence, and comprehensive competitiveness. Currently, the company is discussing specific implementation details with relevant intermediary institutions, and the specific details have not been finalized. The listing of S shares requires review by the company's board of directors and shareholders' meeting, as well as filing, approval, or verification from relevant institutions such as the China Securities Regulatory Commission, the Singapore Exchange, and the Monetary Authority of Singapore. There is significant uncertainty regarding this matter, and investors are advised to pay attention to investment risks.
Anker Innovations
Anker Innovations announced on November 11 that the company intends to issue overseas-listed shares (H shares) overseas and apply for listing on the Main Board of The Stock Exchange of Hong Kong Limited. The company will fully consider the interests of existing shareholders and the situation of domestic and overseas capital markets, and select an appropriate timing and issuance window to complete this issuance and listing within the validity period of the shareholders' meeting resolution (i.e., 24 months from the date of approval by the company's shareholders' meeting or other extended period as agreed).
Xidi Zhijia Technology Co., Ltd.
36Kr learned that according to the Hong Kong Stock Exchange, Xidi Zhijia Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation, CSC International, and Ping An Securities (Hong Kong).
Insilico Medicine
36Kr learned that documents from the Hong Kong Stock Exchange showed that Insilico Medicine submitted a listing application to the Hong Kong Stock Exchange.
The Forefront of AI
Microsoft Leverages Influencers like Alex Earle to Narrow the Gap with ChatGPT
Microsoft is eager to boost the downloads of its Copilot chatbot and has recruited some of the most popular influencers in the United States to convey a core message to young consumers: Our AI assistant is as cool as ChatGPT. Microsoft really needs such a boost. The company recently stated that its Copilot series of assistants has 150 million monthly active users. However, OpenAI's ChatGPT claims to have 800 million weekly active users, and Google's Gemini boasts 650 million monthly active users. (Sina Finance)
Zhi Yuan's Affiliate "SWANCOR" to Enter the Robot Track
36Kr has exclusively learned that "SWANCOR", a listed company affiliated with the domestic robot unicorn "Zhi Yuan Robotics", has decided to enter the field of embodied intelligent robots and has released information about new robot products.
Anthropic expects to achieve profits exceeding those of OpenAI by 2027
Two Silicon Valley AI giants are on very different financial trajectories. According to documents disclosed by multiple media outlets, Anthropic expects to break even in 2027 and achieve revenues of up to $70 billion and cash flows of $17 billion in 2028. Meanwhile, OpenAI's losses are widening, and it is expected to reach $14 billion next year, and may not turn a profit until 2029. (Sina Finance)
SoftBank Reaches Revised Agreement with OpenAI, Involving an Additional Investment of $22.5 Billion
SoftBank Group's earnings report released on November 11 showed that on March 31, SoftBank Group signed a final agreement with OpenAI to make a follow - on investment of up to $40 billion in OpenAI Global. After deducting the $10 billion to be re - lent to co - investors, SoftBank Group's actual investment is expected to be $30 billion. (Jiemian News)
JPMorgan Chase Estimates That the AI Boom Will Require $5 Trillion in Financing Over the Next Five Years
According to an analysis by JPMorgan Chase, hyperscale AI data center operators are expanding aggressively to build data centers and will need to issue approximately $1.5 trillion in investment - grade bonds over the next five years, along with extensive financing from various other sectors of the market. Strategists led by Tarek Hamid said, "The question is not 'which market will finance the AI boom,' but 'how to structure the financing to access capital from all capital markets.'" (Sina Finance)
Financial Reports of Large Companies
Mediatek's October Revenue Up 1.78% Year-on-Year
36Kr learned that MediaTek announced that its revenue in October 2025 was NT$52.026 billion, up 1.78% year-on-year; the cumulative revenue so far this year was NT$497.804 billion, up 12.20% year-on-year.
SoftBank Group Reports Net Profit of ¥2.50 Trillion in Q2
SoftBank Group released its second - quarter financial report on November 11, showing net sales of ¥1.92 trillion, a net profit of ¥2.50 trillion, and a dividend of ¥22.00. In the first half of the year, net sales reached ¥3.74 trillion, and the net profit was ¥2.92 trillion. (Jiemian News)
Sun Art Retail Group: Revenue Reached RMB 30.502 Billion in the First Half of Fiscal Year 2026, with a Gross Profit Margin of 25.3%
36Kr learned that Sun Art Retail Group released its interim results for the six-month period ended September 30, 2025. During the reporting period, Sun Art Retail Group achieved revenue of RMB 30.502 billion, with a gross profit margin of 25.3%, a year-on-year increase of 0.7 percentage points; the net cash position stood at RMB 11.958 billion. In terms of business, during the reporting period, the in-store volume of online B2C orders increased by approximately 7.4% year-on-year, driving an in-store sales growth of approximately 2.1%.
Cool Products
Yue'an New Materials: 3D Printing Materials Have Been Mass - Produced in the Biomedical Field
36Kr learned that Yue'an New Materials stated on the interactive platform that the company's 3D printing materials have achieved mass production in the biomedical field. The yield rate meets the standard and has passed the verification of downstream partners, and a replicable standardized solution has been formed. Currently, it is in the early exploration stage in the nuclear power field.
Compiled | Bursting Bean Curd