8:00 am, 1st Kr | Fat Donglai is recruiting translators with an annual salary of 500,000 yuan, and only graduates from 8 universities in China meet the requirements; Jia Yueting established his second creditor trust, saying that he will fulfill his duties to the end and return to China as soon as possible; Hangzhou cancels the entrance ticket for Lingyin Temple.
Today's Hot Topics Guide
DJI refutes rumors about the "investor event": the Avata 360 was just an internal experience session
Ford recalls over 220,000 Bronco models in the US due to dashboard display malfunctions
Lei Hui, the chairman of Luckin Coffee, says he drinks six or seven cups of coffee a day on average, and Luckin can still make a profit with a cup priced at $1.44
OpenAI suspends the permissions of a toy manufacturer due to the unsafe AI teddy bear
The IELTS organizer confirms the misjudgment of test scores and has launched follow - up measures
Top 3 Big News
Fat Donglai Recruits Translators with an Annual Salary of 500,000 Yuan, Only Graduates from 8 Chinese Universities Meet the Requirements
Recently, Fat Donglai Trading Group's recruitment of Chinese-English translation assistants with an annual salary of 500,000 yuan has sparked heated discussions. The job requirements show that candidates should have a first degree from a university ranked in the top 50 of the QS World University Rankings, majoring in translation studies, English, international communication or related fields; those with overseas study or work experience are preferred; candidates with a major in psychology/philosophy/law/history or rich business background are preferred. Female candidates under 40 years old are restricted. In terms of language ability, candidates are required to have a proficient or native-level English proficiency. Those with an IELTS score of not less than 7.5 or a TOEFL score of not less than 100 are preferred.
The reporter noticed that according to the 2026 QS World University Rankings, five universities in mainland China have made it into the global top 50, namely Peking University, Tsinghua University, Fudan University, Shanghai Jiao Tong University, and Zhejiang University. In addition, the University of Hong Kong, the Chinese University of Hong Kong, and the Hong Kong University of Science and Technology are also ranked among the top 50. Therefore, only 8 universities in China meet Fat Donglai's basic recruitment requirements. (Jimu News)
Jia Yueting's voluntarily added second creditor's trust is officially established, stating that he will "fulfill his responsibilities to the end and return to China at an early date."
On November 19th, Jia Yueting, the founder and co-CEO of Faraday Future (FF), announced through his personal social media channels that the voluntarily added second creditor's trust has been officially established. He aims to accelerate the repayment of domestic guaranteed debts, fulfill his responsibilities to the end, and return to China at an early date. It is understood that the assets of the second creditor's trust consist of FFAI shares and AIxC shares, and the first batch of assets will be transferred soon. Among them, AIxC will hold a renaming listing and new strategy release ceremony on the NASDAQ on the 20th (Beijing time on the 21st). (Sina Technology)
Hangzhou Officially Announces Cancellation of Lingyin Temple Entrance Tickets
On November 19th, reporters learned from the official account of the West Lake Scenic Area in Hangzhou that starting from December 1st, 2025, the Lingyin Feilai Peak Scenic Area (including Lingyin Temple, Yongfu Temple, and Taoguang Temple) will implement a free - admission policy. The opening hours are from 7:30 to 17:30 every day. (Lanjinger News)
Big Companies/ Major Events
DJI Dispels Rumors about "Investor Event": Avata 360 Event Was Only an Internal Experience Session
It was learned from DJI that in mid - November, DJI held an internal product experience event. The core content of the event was the yet - to - be - released panoramic drone, the Avata 360. The event was an internal experience session, not an investor meeting as claimed by the outside world. DJI pointed out that recently, some media quoted third - party information saying that the company "held an investor event for the upcoming panoramic drone", and cited statements such as "there is only one profitable enterprise in the global consumer - grade drone market", "DJI doesn't need to cooperate with any company to expand this business", and "after the launch of Avata 360, it will directly compete head - to - head with Insta360's drone, the Antigravity, in terms of price". DJI stated that the above - mentioned contents are seriously inconsistent with the facts, and the company reserves the right to pursue accountability. (Jiemian News)
OpenAI Suspends Toy Manufacturer's Access Due to Unsafe AI Teddy Bears
After reports that toys with built - in AI provided dangerous and inappropriate guidance, OpenAI cut off the developer's access; this move has intensified the scrutiny pressure on AI. Currently, OpenAI's partner Mattel (MAT) is exploring AI toys. (Sina Finance)
Lei Jun: Free Activation of In-vehicle ETC for Xiaomi SU7 Ultra and YU7
36Kr learned that Lei Jun posted on Weibo on November 19th, stating that the Xiaomi SU7 Ultra and YU7 launched this year are equipped with in-vehicle ETC functionality, and free activation has begun.
Putin Announces Russia Will Waive Visa Requirements for Chinese Citizens
Russian President Vladimir Putin announced on November 18 that Russia will soon adopt reciprocal visa - free measures for Chinese citizens. Putin said that this will have a significant impact on the economic and cultural exchanges between the two countries, notably promote exchanges between the people of the two countries, and actively push forward the rapid development of bilateral relations. (CCTV World News)
IELTS Organizer Confirms Incorrect Score Judgments and Has Initiated Aftermath Handling
Recently, the IELTS test launched a large-scale refund and score update due to a technical glitch in score judgment, which has attracted wide attention. On November 18, the British Council, the organizer of the IELTS test, confirmed to reporters that the affected period of this glitch was from August 2023 to September 2025, involving "a small number of candidates". Currently, the system has been repaired and a comprehensive review and refund mechanism has been initiated. According to the response from the IELTS test organizer, the root cause of this incident was attributed to a "technical glitch". This glitch affected the scores of candidates over a period of more than two years, from August 2023 to September 2025. (China Education Online)
Dong Mingzhu Talks about the Rose Air Conditioner Again
On November 18th, at the 20th China Economic Forum held in Nansha, Guangzhou, Dong Mingzhu, the chairperson of Gree Electric Appliances, responded to the recently hot - discussed Rose Air Conditioner, saying that it was an innovative attempt by Gree. Dong Mingzhu stated, "In the air - conditioning industry, no one has ever turned an air conditioner into a work of art. This is our starting point. The Rose Air Conditioner has been put into use in some hotels, and its unique design has attracted customers to experience it, which reflects the value we've created." She emphasized that enterprises should have an altruistic mindset. While developing themselves, they should also drive the co - growth of the upstream and downstream industrial chains. (Jiemian News)
XPeng Motors: The news that it will produce thousands of autonomous taxis annually in the next two years is false
Market sources claim that XPeng Motors will produce thousands of autonomous taxis annually from 2026 to 2027. A relevant department head at XPeng Motors stated that after noticing the market news, the company conducted verification and found that the data did not originate from official disclosures. Subsequently, the company contacted the news publisher, who said that the relevant content was from a forecast analysis report and not the actual production plan of XPeng Motors. Therefore, the company determined that the above - mentioned rumor was false. (21st Century Business Herald)
Elon Musk and Jensen Huang to Participate in a Panel Discussion on Technology at the US-Saudi Investment Forum
Documents show that Elon Musk, CEO of Tesla, and Jensen Huang, CEO of NVIDIA, will participate in a panel discussion on technology at the US-Saudi Investment Forum. (Cailian Press)
Guo, the chief scientist of Jiangsu University of Science and Technology, is suspected of academic fraud, and 4 out of the 8 enterprises he is associated with have been revoked
Recently, the news that Guo, a former chief scientist of Jiangsu University of Science and Technology, is suspected of degree fraud, academic fraud, embezzlement of national scientific research funds and other issues has attracted attention. Jiangsu University of Science and Technology responded that Guo was found to have serious academic misconduct and has reported the case to the police. The legal representative of Shanghai Sanjian New Material Technology Co., Ltd. (actually Shanghai Sanjian New Material Technology Co., Ltd.) is also named Guo, and the enterprise currently has various risk warnings such as abnormal business operations and restrictions on high - end consumption. Guo is associated with multiple new material enterprises, 4 of which have been revoked and 4 are still in operation. (Cover News)
The three major U.S. stock indexes closed higher collectively, and most large technology stocks rose
36Kr learned that at the close on November 19, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose 0.10%, the S&P 500 Index rose 0.38%, and the Nasdaq Composite Index rose 0.59%. Most large technology stocks rose. Google rose 3%, while NVIDIA and Intel rose more than 2%. Tesla, Apple, and Amazon rose slightly, while Microsoft and Meta fell more than 1%. Most popular Chinese concept stocks fell. XPeng Motors fell more than 6%, NetEase fell more than 4%, NIO and Li Auto fell more than 3%, JD.com, Pinduoduo, Baidu, and Weibo fell more than 1%, Alibaba fell slightly, and iQiyi rose more than 2%.
As the social media ban is about to take effect, Meta starts notifying Australian teenage users that their accounts will be shut down
On November 19th, it was reported that Meta said that in order to comply with the Australian law restricting teenagers' use of social media, it will prevent Australian users under 16 from accessing Instagram, Facebook, and Threads before December 10th. Meta stated that the company has begun to notify users aged 13 to 15, as it has identified, through in - app messages, emails, and text messages that their accounts will be closed. In addition, starting from December 4th, Meta will start deactivating these accounts and banning new users under 16 from registering. (Jiemian News)
EU Court Rejects Amazon's Lawsuit, Upholds Its Designation as "Very Large Online Platform"
The General Court of the European Union announced on the 19th that it has rejected a lawsuit filed by U.S. e - commerce giant Amazon seeking to overturn its designation as a "very large online platform", confirming that Amazon must comply with relevant EU digital regulations. According to the EU's Digital Services Act, online service platforms with over 45 million monthly active users are classified as "very large online platforms" and are required to take on more responsibilities to handle illegal and harmful content on their platforms. In 2023, the European Commission determined that Amazon met the criteria for a "very large online platform". In the same year, Amazon filed a lawsuit seeking to revoke this designation, claiming that the specific obligations imposed on such platforms violated rights such as the freedom of business, property rights, and freedom of speech guaranteed by the EU Charter of Fundamental Rights. (Xinhua News Agency)
Adobe to Acquire Marketing Platform Semrush in a $1.9 Billion Deal
On November 19th, it was reported that Adobe has agreed to acquire marketing software provider Semrush for $1.9 billion. The deal is expected to be completed in the first half of 2026. (Sina Finance)
Ford Recalls Over 220,000 Bronco Models in the US Due to Dashboard Display Malfunctions
On November 19th, the National Highway Traffic Safety Administration in the United States announced that Ford Motor Company is recalling 229,609 Bronco models in the US because of malfunctions in the dashboard displays (including warning lights and speed displays) of these vehicles. The regulatory agency stated that the dashboard software will be updated for free through dealerships or OTA online updates. (Jiemian News)
Guerlain Responds to Suspected Fake Product Dispute: Products from Officially Authorized Channels Are Definitely Authentic
Recently, some consumers reported that the Guerlain cosmetics they bought in Jia Nailiang's live - streaming room were suspected to be fake, which has sparked intense discussions among netizens. On November 19th, a reporter from Dahe Cai Lifang called Guerlain's official customer service center. The customer service clearly stated that "as long as the products are purchased from Guerlain's officially authorized channels, they are definitely authentic." When the reporter asked "why not cooperate with consumers in product inspection," the customer service responded that "Guerlain France has not authorized third - party institutions to verify the authenticity of products." (Dahe Cai Lifang)
Raymond Li, Chairman of Luckin Coffee: Drinks Six or Seven Cups of Coffee a Day on Average, and Luckin Can Still Make a Profit with a Cup Priced at $1.36
On November 19th, according to a report by China Entrepreneur Magazine on the 18th, Raymond Li, the chairman of Luckin Coffee and the founder of Centurium Capital, admitted in an exclusive interview that he is a heavy coffee drinker. He can't stop drinking coffee during meetings, and he also has a cup before working out to improve his sports performance. "On average, I guess I might drink more than six or seven cups a day."
Many people are curious whether Luckin can still make a profit when selling a cup of coffee for $1.36. In response, Raymond Li said that it also depends on the category and product. But even with such extreme subsidies, we can still maintain a certain level of profitability.
Regarding the recent listing rumors, Guo Jinyi responded at the earnings meeting that "the company currently has no clear timeline for returning to the main board for listing." In addition, Raymond Li did not respond to the rumor that Centurium Capital is considering bidding for Costa Coffee. When asked if he had participated in the bidding for Starbucks China's equity, Raymond Li replied that it is indeed a very popular topic, but in fact, we did not participate. (Red Star News)
Paramount Responds to "Plan to Spend $71 Billion with Middle Eastern Consortium to Acquire Warner Bros. Discovery": The News is Inaccurate
It is reported that Paramount and Skydance are collaborating with the Saudi Public Investment Fund, the Qatar Investment Authority, and the Abu Dhabi Investment Authority, planning to spend $71 billion to acquire Warner Bros. Discovery. A Paramount spokesperson responded to this, saying, "This information is completely inaccurate. This is a confidential process, and we respect this process, so we will not comment until the process is completed." (Jiemian News)
Malaysian National Electricity Company Loses Over $1 Billion Due to Electricity Theft for Cryptocurrency Mining
The Malaysian Ministry of Energy said that between 2020 and August this year, the state-owned utility company, Tenaga Nasional Berhad, had lost more than $1 billion due to illegal electricity use by cryptocurrency miners. The Ministry of Energy and Water Transition said in a written parliamentary reply dated Tuesday that Tenaga Nasional Berhad found that a total of 13,827 sites had been engaged in cryptocurrency mining through illegal electricity use during this period. (Sina Finance)
UK to Ban Reselling Concert and Other Live Event Tickets Above Face Value
According to local reports, the UK government will introduce legislation on Wednesday to ban the resale of live event tickets above their face value. This measure covers concerts, major sports events, and theaters. This move is not surprising as the Labour government led by UK Prime Minister Starmer had earlier indicated its support for cracking down on ticketing practices, stating that the issue of excessive resale prices is a major consumer protection concern. (Sina Finance)
Stellantis Integrates Tesla Charging System to Expand EV Charging Coverage
Stellantis announced on November 18th local time that some of its pure electric vehicles in North America, Japan, and South Korea will adopt the North American Charging Standard (NACS). This means that in the future, users will be able to use more than 28,000 Tesla Superchargers in five countries. The statement said that starting from early 2026, Stellantis users in North America will be able to charge their compatible pure electric vehicles at thousands of Tesla Superchargers; users in Japan and South Korea will have to wait until 2027. (Jiemian News)
Going Public in Progress
Yuanjie Technology
36Kr learned that Yuanjie Technology announced that the company held a board meeting on November 19, 2025, and deliberated and approved the proposal to authorize the management to initiate the preparatory work related to the overseas issuance of shares (H shares) and listing on the Hong Kong Stock Exchange. This move aims to accelerate the company's internationalization strategy and overseas business layout, enhance the brand image and popularity, and improve the capital strength and comprehensive competitiveness. The company plans to discuss and promote the specific work of the H-share listing with intermediary institutions, and strictly abide by relevant laws and regulations and fulfill the obligation of information disclosure. The matter of the H-share listing needs to be submitted to the board of directors and the shareholders' meeting for deliberation, and obtain the filing or review and approval of relevant government agencies and regulatory authorities, which is subject to significant uncertainties.
The Forefront of AI
Intel Vice President Gao Song: The next-generation AI PC platform is under development
At the Intel Technology Innovation and Industrial Ecosystem Conference, Gao Song, vice president of Intel and general manager of the Software Engineering and Client Products Division in China, said that the new Angstrom era of the PC industry has arrived. "Previously, Intel announced the next-generation AI PC platform codenamed Panther Lake. This is the first client SoC based on the latest Intel 18A process technology. The Intel 18A process will become the cornerstone of the next three generations of PC and data center products. We have also started researching and developing more advanced process technologies, such as Intel 14A." He revealed that the next-generation AI PC platform is also under development. Panther Lake will be officially launched at CES in January next year. (Cailian Press)
Gemini 3 will be gradually integrated into all Google products
On November 18th, Google officially launched its new-generation artificial intelligence model, Gemini 3. This model has significantly enhanced capabilities in complex tasks such as programming, application development, and image generation. It can understand user intentions more accurately and generate high-quality results with fewer prompts. Gemini 3 will be gradually integrated into all Google products, including the Gemini app, AI Search, and enterprise-level services. Affected by this news, Google's stock price rose 3% during intraday trading. This launch marks a further escalation of the global AI competition. Tech giants are continuing to increase their investments, which will bring continuous demand to the computing power infrastructure and the AI application industry chain. (Daily Economic News)
The downloads of Ant Group's AI product "Lingguang" exceeded 200,000 on its first day
36Kr exclusively learned that the all-modal general AI assistant "Lingguang" launched by Ant Group on the 18th saw its downloads exceed 200,000 on the first day of its launch. Targeting the consumer market, "Lingguang" features "generating multimodal content with full - code" and "creating small applications in 30 seconds with natural language", enabling ordinary people to quickly create AI tools.
Financial Reports of Large Companies
NVIDIA: Q3 Fiscal Revenue Reaches $57.01 Billion, a 62% Year-on-Year Increase
36Kr learned that NVIDIA released its financial report for the third quarter of fiscal year 2026. The report shows that NVIDIA's revenue in the third fiscal quarter was $57.01 billion, a 62% year-on-year increase; the net profit was $31.91 billion, a 65% year-on-year increase.
Klarna Releases First Earnings Report After NYSE Listing, Q3 Revenue Exceeds Expectations
Swedish fintech company Klarna released its first earnings report after its shares were listed on the New York Stock Exchange. The company reported third - quarter revenue of $903 million, while analysts surveyed by the London Stock Exchange Group (LSEG) had previously estimated it to be around $882 million. (Sina Finance)
Kingsoft: Revenue in the third quarter was 2.42 billion yuan, a year-on-year decrease of 17%
36Kr learned that Kingsoft released its third-quarter financial report. The report shows that the revenue in the third quarter was 2.42 billion yuan, a year-on-year decrease of 17%; the net profit in the third quarter was 213.1 million yuan, a year-on-year decrease of 48%.
Investment and Financing
"Gyges Labs" Completes a New Round of Financing
36Kr learned that the AI wearable technology company "Gyges Labs" recently announced the completion of a new round of financing. This round of financing was jointly participated in by Granite Asia and Bright Capital. The funds raised will be used for the research and development of new products and investment in the supply chain.
“Yueqian Innovation” has received strategic investment from Weiji Technology
36Kr learned that “Yueqian Innovation” has received strategic investment from Weiji Technology and had previously received early support from the XbotPark Fund under Professor Li Zexiang and the Chongqing Venture Capital Fund. It is understood that the company is advancing the industrial and commercial change process for its Pre-A round of financing.
"BlueDot Touch" Completes Over 100 Million Yuan Series C Financing
36Kr learned that "BlueDot Touch" recently announced the completion of over 100 million yuan in Series C financing. This round of financing was led by Sequoia Capital China, with Zhuhai Science and Technology Industry Group participating. The funds will be mainly used for expanding R & D capabilities, upgrading production process automation, and market expansion.
Cool Products
Huawei Officially Announces Its First HarmonyOS 2-in-1 Tablet
36Kr learned that Huawei Terminal announced that Huawei's first HarmonyOS 2-in-1 tablet, the MatePad Edge, will be released on November 25th. This tablet features a 2-in-1 design, integrating the functions of a computer, a stand, and a tablet, and supports both computer and tablet modes.
Exposure of the battery capacity of the foldable iPhone: over 5400mAh
Multiple supply chain sources have confirmed that Apple's first foldable iPhone is currently undergoing internal testing with a battery capacity ranging from 5400 to 5800mAh. The final mass - produced version will be equipped with a battery capacity of at least 5400mAh, surpassing the 5088mAh of the iPhone 17 Pro Max and becoming Apple's mobile device with the largest battery capacity to date. (Cailian Press)
The Wuling Rongguang EV makes its debut and is planned to be launched in 2026
36Kr learned that on November 18th, the Wuling Rongguang EV made its debut and is planned to be launched in 2026. It is understood that it offers two models, the Rongguang and the Rongguang L, and supports the option of "one vehicle with three power systems".
Paimei AI V5 Fast + Modify Launched
36Kr learned that Aishi Technology announced on November 19th that its AI video generation platform, Paimei AI (overseas version PixVerse), has officially launched the V5 Fast mode and the Modify fine - tuning function. The new version has increased the video generation speed by over 30% and for the first time supports true end - to - end intelligent editing.
36Kr Big News
The Krypton Big Events short - video column offers a vivid interpretation of major events in the business world. The battery industry is caught in a "price race to the bottom." How can it break the deadlock? In recent years, the price war in the lithium - battery industry has intensified, and the industry is accelerating the implementation of "anti - cut - throat competition" initiatives. Facing the "price race to the bottom," CATL has provided its solution, making all - out efforts in four dimensions: technology, application scenarios, business models, and carbon neutrality, in pursuit of overall growth.
A Small Survey on Workplace Employees' Leave Requests
Have you ever spent a long time carefully choosing your words in the chat box and had a thousand thoughts in your mind just because you wanted to take a one - day leave? Even after your leave is approved, do you still feel inexplicably guilty, as if you've committed some "original sin in the workplace"? Somehow, the subtle feeling of "leave - taking shame" has started to spread in the workplace. Behind this is the tug - of - war between the legitimate right to rest that contemporary young people should assert and the inexplicable sense of guilt that has emerged.
How many days of vacation do you have in a year? Do you feel ashamed when asking your boss for leave? Do you need to handle work during your vacation? Welcome to participate in our small survey on "Workplace Employees' Leave Requests" and share your thoughts about vacations.
Scan the QR code to participate in the survey
Compiled | Chenxi