8:00 AM, 1st Kr. News Flash: Multiple provinces have enabled direct payment of maternity allowances to individuals without the need for a marriage certificate; Liu Qiangdong promised that JD.com's reviews will "never be commercialized"; Some products of the popular yogurt brand Blueglass have seen a 60% price cut.
JD.com officially launched its freshly brewed beverage brand "7FRESH Coffee".
"Pat Fresh", founded by the founder of Hema in February this year, will be completely closed by mid - December.
Mercedes - Benz CEO: It's no longer feasible to completely phase out new fuel - powered vehicles in Europe after 2035.
Huawei: A new product launch event will be held on November 25th, and new products such as the Huawei Mate 80 series will be released.
NBA investigating sports gambling: At least 10 current Lakers players are required to submit records from their mobile phones and electronic devices. LeBron James has not been accused yet.
Multiple provinces have implemented direct payment of maternity allowances to individuals without the need to provide a marriage certificate
Facing the reproductive concerns of young people, such as "not wanting to have children", "not daring to have children", and "being unable to have children", a series of medical insurance policies aimed at building a fertility - friendly society are continuously taking effect. The average maternity allowance per female employee has exceeded 26,000 yuan, and it can be claimed without providing a marriage certificate.
As of November 1st this year, with the official participation of Jiangsu and Liaoning provinces, a total of 25 provinces (including the Xinjiang Production and Construction Corps), such as Hebei, Shanghai, Zhejiang, Sichuan, and Shaanxi, have achieved direct payment of maternity allowances to individuals. The provinces that have not fully achieved this are mainly Beijing, Tianjin, Hunan, Guangdong, Guangxi, Guizhou, and Xinjiang. Nearly 90% of the coordinated regions have implemented direct payment of maternity allowances to individuals. (Yicai Global)
Liu Qiangdong Announces That JD Food Delivery Will Launch an Independent App and JD Reviews Will Be Launched
36Kr learned that on the 17th, Liu Qiangdong announced that JD Food Delivery will launch an independent app; and JD Reviews will be launched, with a commitment of "never being commercialized".
Popular online yogurt brand Blueglass cuts prices of some products by 60%, has been fined multiple times for product promotion issues
Blueglass, a high - end popular online yogurt brand with a single - cup price tag of 49 yuan and an average per - capita consumption of over 40 yuan, has recently joined the price - cut ranks. The prices of some of its products on third - party food delivery platforms have dropped to as low as 19.9 yuan, a significant 60% decrease from the offline original price of 49 yuan.
Reporters checked third - party food delivery platforms and found that two products in a Blueglass yogurt store, "Waist - shaped prune and peach flavor + dietary fiber oats" and "Waist - shaped yugan, prune and apple flavor + black truffle biscuits", are sold at a 45% discount, priced at 23.9 yuan; "Waist - shaped jelly orange ice milk flavor + dietary fiber oat crisps" is sold at a 43% discount, priced at 22.9 yuan. In addition, most of the other products are priced from 49 yuan, but the shown final price is 48 yuan.
Public reports show that Blueglass has been fined multiple times for product promotion issues. In 2021, Beijing Yuehuo Catering Company was fined 60,000 yuan by the Chaoyang District Market Supervision and Administration Bureau in Beijing for publishing promotional terms such as super - strong antioxidant effects, enhanced immunity, elimination of free radicals, anti - inflammation, beauty and anti - aging in its WeChat mini - program, which constituted a false advertising act of fabricating the effects of using goods or receiving services. (Jiemian News)
"Pet Fresh", founded by the founder of Hema in February this year, will be completely closed by mid - December.
On November 17th, Hou Yi, the founder of Hema, revealed that due to the high operating pressure of offline stores, all "Pet Fresh" stores are planned to be closed by mid - December this year, but the online business will be retained. (Yicai Global)
Yu Minhong Sends an Internal Letter in Antarctica to Celebrate New Oriental's Birthday
Yu Minhong sent an internal letter in Antarctica to celebrate New Oriental's 32nd birthday and expressed his gratitude to everyone who has participated or is currently participating in New Oriental's cause.
Yu Minhong mentioned in the letter that 32 years is both long and short. Back then, I took a leap from Peking University to start my business, carrying countless days and nights of struggle and perseverance, and also enduring various setbacks and despair. Looking back, we started from a simple classroom. Along the way, we have experienced storms and witnessed rainbows. None of this would have been possible without the efforts and contributions of every faculty and staff member who has ever been at New Oriental or is still at New Oriental today. You have illuminated the futures of countless students with your wisdom and protected New Oriental's spiritual home with your warmth. Here, I extend my most sincere respect and gratitude to you. (Sina Tech)
JD.com Officially Launches Its Freshly Brewed Beverage Brand "7FRESH Coffee"
36Kr learned that on November 17th, the third JD Wine Tasting Event was held. At the event site, JD.com officially launched its freshly brewed beverage brand "7FRESH Coffee". Currently, 7FRESH Coffee has first landed in Beijing and is expanding at a rate of opening 3 to 5 new stores per week. It is expected to cover the main urban areas of Beijing by the end of this year.
Nvidia Hit with Another Sell-Off: "Godfather of Silicon Valley Venture Capital" No Longer Holds Any Nvidia Shares
Following Japan's richest man, Masayoshi Son of SoftBank, another billionaire has offloaded his entire stake in Nvidia, the core leader in the AI sector. Documents disclosed over the weekend show that billionaire Peter Thiel has sold all of his holdings in Nvidia.
Thiel is the co-founder of fintech giant Paypal and defense AI company Palantir. He has also achieved remarkable success in the investment field. Not only did he found well - known investment funds such as the Founders Fund, but he also accurately bet on many star companies. For example, he made a huge return by investing in Facebook in its early days, earning him the title of "Godfather of Silicon Valley Venture Capital".
According to the 13F filing submitted by Thiel Macro Fund founded by Thiel, Thiel sold approximately 537,742 shares of Nvidia (nearly 40% of his portfolio) between July and September. As of September 30, he no longer holds any shares of Nvidia. (Caixin)
DJI Invests in a 3D Printing Company
On November 17th, reporters exclusively learned that the news that DJI has invested in a 3D printing company is true. DJI told Jiemian News that this investment is based on the company's optimism about the development potential of consumer - grade 3D printing technology and the growth potential of the industry, which is in line with DJI's consistent concept of innovative technology and forward - looking layout. Currently, the 3D printing industry is entering an acceleration cycle, and institutions such as Meituan and Gaoling have successively made their layouts. According to data from Precedence Research, the global 3D printing market reached a scale of $24.61 billion (approximately RMB 170 billion) in 2024, and the compound annual growth rate is expected to reach 18.5% from 2024 to 2034. The industry is in a stage of rapid growth. (Jiemian News)
Fat Donglai Compensates Wronged Employees with 359,000 Yuan
On November 17th, Fat Donglai released the "Compensation Standard for Infringement of Personal Dignity at Fat Donglai", which listed a total of 33 cases where employees' personal dignity was infringed from January 1st to October 31st, 2025. The total compensation amount reached 359,000 yuan. (China Newsweek)
Mercedes-Benz CEO: It's No Longer Feasible to Completely Phase Out New Fuel-powered Vehicles in Europe After 2035
Ola Källenius, the CEO of Mercedes-Benz Group, said in a recent interview that considering infrastructure bottlenecks and consumers' low acceptance of electric vehicles, the strict deadline for completely phasing out new fuel-powered vehicles in Europe after 2035 is "no longer feasible." He believes that more flexibility is needed to protect jobs and competitiveness, give consumers more choices, and ensure that manufacturers can fund the transformation in a profitable way. "This is not a retreat," he defended the proposal to relax the 2035 deadline. "It's an upgrade to a smarter strategy - to match Europe's ambitions with a practical and successful plan." (Sina Finance)
Panasonic Sells 80% Stake in Its Housing Division to YKK
Japanese manufacturing company YKK and Panasonic signed a share transfer agreement for Panasonic Housing Space Co., Ltd. (PHS) on November 17. PHS is currently wholly owned by Panasonic. According to the agreement, YKK AP, which is responsible for the building materials business of the YKK Group, and PHS, which is responsible for Panasonic's housing equipment and building materials business, will establish a strategic partnership. According to the agreement, an intermediate holding company to be established by YKK will acquire 80% of the shares of PHS currently held by Panasonic. After that, PHS will become a member of the YKK Group, but Panasonic will continue to hold 20% of the shares of PHS, and the two sides will jointly manage the business of PHS. (Jiemian News)
Faraday Future: Q3 Financial Report Disclosure Slightly Delayed, to Be Filed within Compliance Period
On November 17th, Faraday Future announced that QLGN, in which it has a strategic investment and controlling stake, will officially adopt the new company name AIxCrypto on November 20th, 2025, and change its stock ticker to AIxC. This Q3 financial report is the company's first consolidated financial report of two listed companies. The overall financial workload and complexity have increased significantly. The FF financial report can only start the consolidation process and be filed after the AIxC financial report is completed, resulting in a slight delay in the financial report disclosure. The company will officially file the report no later than the 19th within the compliance period. (Jiemian News)
BBC Responds to Trump's Massive Claim Lawsuit: Baseless, Will Vigorously Defend in Court
On November 17 local time, the BBC responded to US President Trump's statement that he would file a lawsuit against the British Broadcasting Corporation (BBC) with a claim ranging from $1 billion to $5 billion. BBC Director-General Samir Shah emphasized in an email to employees that the so - called "libel accusations" are baseless, and the BBC will resolutely respond to the relevant legal actions. (CCTV News)
All three major U.S. stock indexes closed lower, and most popular Chinese concept stocks declined
36Kr learned that at the close on November 17, all three major U.S. stock indexes fell. The Dow Jones Industrial Average dropped 1.18%, the S&P 500 Index declined 0.92%, and the Nasdaq Composite Index decreased 0.84%. Most large technology stocks fell. Intel dropped more than 2%, while NVIDIA, Apple, and Meta declined more than 1%. Amazon, Microsoft, and Netflix saw slight drops. Google rose more than 3%, and Tesla climbed more than 1%. Most popular Chinese concept stocks declined. XPeng Motors dropped more than 10%, Li Auto declined more than 4%, and Pinduoduo, NetEase, NIO, and iQiyi fell more than 1%. Bilibili saw a slight drop, while Alibaba rose more than 2%.
Goldman Sachs: Central banks around the world may have bought a large amount of gold in November, maintaining the gold price forecast of $4,900 by the end of next year
Goldman Sachs said that central banks around the world may have purchased a significant amount of gold in November, continuing a multi - year trend of diversifying reserves to hedge against geopolitical and financial risks. In a report, Goldman Sachs reiterated its prediction that the gold price will reach $4,900 by the end of 2026, and it could rise further if private investors continue to diversify their portfolios. So far this year, the gold price has risen by 55%, mainly driven by economic and geopolitical concerns, increased inflows into exchange - traded funds, and expectations of further interest rate cuts in the United States. Goldman Sachs estimates that central banks bought 64 tons of gold in September, up from 21 tons in August. (JIN10 Data)
NBA Investigates Sports Betting: Requires at Least 10 Current Lakers Players and Staff to Submit Phone and Electronic Device Records, LeBron James Not Yet Charged
In late October, Chauncey Billups, the coach of the Portland Trail Blazers, Terry Rozier, the guard of the Miami Heat, and Damon Jones, a former assistant coach of the Los Angeles Lakers, were arrested by the Federal Bureau of Investigation (FBI) on suspicion of participating in illegal sports betting and casino poker gambling.
This incident quickly caused a stir. To investigate the illegal sports - betting activities, the NBA has required multiple teams, including the Los Angeles Lakers, to submit the records of players' and relevant staff's phones and electronic devices.
Currently, LeBron James, who has a close relationship with Jones, has not been indicted and has not been accused of any misconduct. It is reported that James was unaware that the person he considered a friend was leaking insider information to sports bettors. (Red Star News)
Legend Holdings: Yu Hao Appointed as the Company's Chief Executive Officer
36Kr learned that Legend Holdings issued an announcement stating that Li Peng has resigned as an executive director and the chief executive officer of the company due to her personal career choice. She will also no longer serve as a member of the company's Environmental, Social and Governance Committee and the Strategy Committee, effective November 17, 2025. The board of directors further announced that Yu Hao has been appointed as the company's chief executive officer effective November 17, 2025.
Domestic BMW iX3 equipped with Momenta's intelligent driving assistance system is planned to go into production next year
On November 17th, Momenta and BMW Group jointly announced that the new-generation intelligent driving assistance solution jointly developed by the two parties for the Chinese market will be first installed in the domestic new-generation BMW iX3 and is planned to be mass-produced and launched in 2026. Currently, Momenta and BMW's R & D teams are conducting on-site development and testing collaboratively at four major bases in Beijing, Shanghai, Shenyang, and Nanjing. (Jiemian News)
Digua Robotics Reaches a Deep Strategic Cooperation with Fourier
36Kr learned from Digua Robotics' official WeChat account that Digua Robotics has reached a deep strategic cooperation with Fourier. They will jointly promote the innovation of embodied intelligent interaction based on the new domestic high - computing - power platform RDK S600. Fourier's first full - sized humanoid robot Care - bot GR - 3, which focuses on interactive companionship, will be equipped with the RDK S600. Fourier will also become one of the world's first batch of strategic partners of Digua Robotics' S600.
Huawei: A new product launch event will be held on November 25th, and new products such as the Huawei Mate 80 series will be released
36Kr learned that on November 17th, Huawei officially announced that a new product launch event will be held at 14:30 on November 25th. At that time, the Huawei Mate 80 series, Mate X7, and multiple all-scenario new products will be released.
Goldman Sachs is in talks to acquire Burger King's business in Japan
It is reported that Goldman Sachs is in talks to acquire Burger King's business in Japan. (Yicai Global)
Google Pledges $2.25 Million to Support AI Data Construction in Africa
On November 17th, Google pledged to invest $2.25 million to help modernize the public data systems across the African continent, making them accessible and ready for the AI era. (Jiemian News)
Emirates Reaches a Partnership with Starlink to Provide In-flight Wi-Fi Service
Emirates announced on the 17th that it will be the first to launch the Starlink satellite network on its Boeing 777 aircraft in November 2025 and complete the deployment across its entire fleet by mid-2027. The Starlink network will enable Emirates passengers to stream content, play games, make calls, work, and browse social media via the seat-back screens and personal devices throughout their journey. (Cailian Press)
GAC Group Announces New Leadership Team
The new leadership team of GAC Group has been officially announced. On the evening of November 16th, GAC Group issued an announcement stating that Feng Xingya will no longer concurrently serve as the company's general manager, but will still serve as the company's chairman and the chairman of the board's strategic committee; the board of directors approved the appointment of Ge Xianqing as the general manager, Wang Dan as the chief accountant (financial officer), and Gao Rui, Jiang Xiuyun, Zheng Heng, Huang Yongqiang, and Chen Jiacai as deputy general managers. (Jiemian News)
Meet Your Noodles
36Kr learned that according to documents from the Hong Kong Stock Exchange, on November 17th, Guangzhou Meet Your Noodles Catering Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange.
Jinyan High-Tech
36Kr learned that documents from the Hong Kong Stock Exchange show that Jinyan High-Tech has passed the listing hearing of the Hong Kong Stock Exchange.
Alibaba Qianwen App Launches Public Beta, Fully Enters the AI to C Market
36Kr exclusively learned that on November 17th, Alibaba officially announced the "Qianwen" project and fully entered the AI to C market. On the same day, the public beta version of the Qianwen App was launched to compete comprehensively with ChatGPT. It is reported that in the future, various life scenarios such as maps, food delivery, ticket booking, office work, learning, shopping, and health will be integrated into the Qianwen App to enable it to handle more complex tasks.
Alibaba.com Launches AI Mode for the Global Market
36Kr learned that Alibaba.com will launch AI Mode for the global market, using AI Agents to help small and medium-sized enterprises around the world automatically execute the cross-border e-commerce procurement process. AI Mode has a deeper understanding of the industry, which can help buyers make faster and more accurate decisions; it can use the capabilities of AI Agents to handle trivial tasks with one click, enabling buyers to bid farewell to repetitive work; it can also conduct multi-modal mining of hidden supply chain information, allowing buyers to make more comprehensive considerations and achieve more precise matching.
DingTalk AI Audio Recording Updates with "Text and Image Meeting Minutes"
36Kr learned that the DingTalk version 8.1.5 has brought an important upgrade to AI audio recording, namely text and image meeting minutes. Currently, after users upgrade to the latest version of DingTalk, they can click "Cloud Recording" during a video conference; directly search for "AI Audio Recording" in DingTalk during a customer visit or an interview; or use the DingTalk A1 hardware in any situation where they need AI to record the content of a conversation, and they can all use this feature.
Qiu Heng, CMO of ZHIYUAN ROBOTICS: Self-developed robot operating system "Lingqu OS" is planned to be officially open-sourced by the end of this year
Qiu Heng, CMO of ZHIYUAN ROBOTICS, introduced that currently, ZHIYUAN ROBOTICS has created three major product series for diverse scenarios, and the core support is the "One Body, Three Intelligences" technology system: the in-depth integration of motion intelligence, interaction intelligence, and operation intelligence. In addition, he also emphasized that the company has independently developed the robot operating system "Lingqu OS", which has encapsulated a large number of core capabilities and is planned to be officially open-sourced by the end of this year. (Sina Finance)
Google Launches Weather Forecast Model WeatherNext 2
On November 17th, Google DeepMind and Google Research jointly launched the weather forecast model WeatherNext 2. The forecast data of WeatherNext 2 is now available on the Earth Engine and BigQuery platforms. Meanwhile, Google will launch an early access program for custom model inference on the Vertex AI platform of Google Cloud. By integrating WeatherNext technology, Google has upgraded the forecast functions of its search engine, Gemini, Pixel Weather, and the weather API of the Google Maps Platform. In the coming weeks, this technology will also support the weather information on Google Maps. (Jiemian News)
Baifendian Technologies Releases the Industry's First Data Governance Large Model
36Kr learned that on November 16th, at the main forum of the "4th Data Governance Annual Conference 2025", Baifendian Technologies, a domestic data intelligence enterprise, officially released the Baisi Data Governance Large Model (BS-LM) and the Baisi Data Governance Platform (AI-DG).
OpenAI Fixes the Problem of Overusing Em Dashes in ChatGPT
OpenAI announced that ChatGPT can now correctly follow user instructions and avoid frequent use of em dashes, resolving a long - standing controversy over its writing style. CEO Altman called this a "small but pleasant improvement." (Sina Finance)
Geely Auto: Net profit attributable to shareholders of the listed company in the third quarter was 3.82 billion yuan, a year-on-year increase of 59%
36Kr learned that Geely Auto announced that its revenue in the third quarter was 89.192 billion yuan, a year-on-year increase of 27%; the net profit attributable to shareholders of the listed company was 3.82 billion yuan, a year-on-year increase of 59%. The revenue in the first three quarters was 239.477 billion yuan, a year-on-year increase of 26%; the net profit attributable to shareholders of the listed company was 13.11 billion yuan, a year-on-year decrease of 1%.
XPeng Motors: Revenue in the Third Quarter Reached 20.38 Billion Yuan, a Year-on-Year Increase of 101.8%
36Kr learned that XPeng Motors released its financial report for the third quarter of 2025. The report shows that XPeng Motors achieved a revenue of 20.38 billion yuan in the third quarter, a year-on-year increase of 101.8%. It is expected that the revenue in the fourth quarter will range from 21.5 billion yuan to 23 billion yuan, a year-on-year increase of approximately 33.5% to 42.8%. The expected delivery volume in the fourth quarter is between 125,000 and 132,000 vehicles, a year-on-year increase of approximately 36.6% to 44.3%.
Sohu's Total Revenue in Q3 Reached $180 Million, Up 19% Year-on-Year
On November 17, Sohu released its financial report for the third quarter of 2025. The financial data showed that in the third quarter of this year, Sohu's total revenue was $180 million, and its overall performance maintained a steady growth trend. The net profit attributable to the parent company was $9 million, turning from a loss to a profit year-on-year. In the third quarter of this year, Sohu's total revenue was $180 million, a year-on-year increase of 19%. Among them, the revenue from marketing services was $14 million, and the revenue from online games was $162 million. In addition, according to Sohu's previously announced American Depositary Shares (ADS) repurchase plan with a maximum total amount of $150 million, as of November 13, 2025, Sohu had repurchased 7.6 million Sohu ADSs, with a total amount of approximately $97 million.
“Xunyi Technology” Secures Tens of Millions in Series C+ Round Financing from Hangzhou and Zigong
36Kr learned that on November 17th, the low-altitude logistics company “Xunyi Technology” announced the completion of a Series C+ round financing of tens of millions of yuan recently. This round of investment was jointly completed by Hangzhou Low-Altitude Industry Development Co., Ltd. and Zigong General Aviation Industry Development Equity Investment Fund Partnership. The funds will be mainly used to accelerate product R & D and manufacturing and expand the market network.
SenseTime Healthcare Secures Hundreds of Millions in New Round of Financing
36Kr learned that, according to SenseTime Healthcare, recently, SenseTime Healthcare completed a new round of strategic financing worth hundreds of millions of yuan. The investors in this round include multiple investment institutions such as Legend Capital, United Capital, Jiuxian Capital, and Shenran Investment.
“Good Friend Technology” Secures Hundreds of Millions in Strategic Investment from Plum Ventures
36Kr learned that according to Plum Ventures, recently, “Good Friend Technology,” a global intelligent photoelectric sorting enterprise for ores, announced the completion of a strategic financing of hundreds of millions of RMB invested by Plum Ventures. The funds will be mainly used to accelerate the large - scale application and iterative upgrading of its “photon technology” in the mineral processing field.
The "Major Krypton Events" short - video column provides a vivid interpretation of major events in the business world. Solid - state batteries are currently the focus in the new energy field, but which company can achieve large - scale mass production first? Sunwoda has provided an answer: As of October 2025, the shipment volume of its consumer semi - solid - state batteries has exceeded 10 million units. It only took three years from the laboratory to mass production at the ten - million level. What exactly is the "mass - production secret" behind Sunwoda?
The short - video column of Kr Finance uses language that young people can understand to uncover the hidden truths in the business world. Guizhou sour soup is no longer a hidden menu known only to locals. It has quietly become a big business with an annual output value of 2.5 billion yuan. How can a local flavor break into the hot pot market that is already dominated by spicy, mushroom, and tomato broths? Why has this sourness from the mountains of Guizhou, which dates back more than 1,400 years, suddenly become popular and gone national in the past two years? Let's take a look at the comeback journey of Guizhou sour soup.
Compiled | Chenxi