8:01 AM News Flash: CHAGEE Founder Refutes Rumors on WeChat Moments, YU Minhong Apologizes Again to Employees, "Ne Zha 2: Journey to the Dragon Palace" Misses Oscar Shortlist

Zhang Junjie said that many previous rumors about his marriage and entrepreneurship had caused great harm to him and his family, and "it's necessary to stand up and speak out."

Today's Hot News Guide

Xibei lowers prices with a range of 5% - 20%
Mobile financial APPs are accelerating their streamlining
Pangdonglai invests 100 million yuan to establish a new company
Two scientists from BYD and CATL are selected as academicians
It is rumored that the battery production line in Xiaomi's car factory caught fire, and Xiaomi officially clarified

Top 3 Big News

Founder of Cha Ji Refutes Rumors on Moments

Recently, Zhang Junjie, the founder of Cha Ji, confirmed his marriage news on his WeChat Moments and revealed that he got married in June this year. While thanking the public for their blessings, Zhang Junjie also said that many previous rumors about his marriage and entrepreneurship had caused great harm to him and his family, and "it's necessary to stand up and speak out". "I solemnly declare that before I met my wife (Gao Haichun), I had never been married, and there has never been any story about 'the disabled daughter of a tea tycoon'." (Sina Finance)

Yu Minhong Issues Another Apology Letter to All Employees, Responding to Being Called an Old Man

Late at night on November 22nd, Yu Minhong issued another letter to all employees, apologizing to them again and elaborating on the reason and original intention of his letter. Regarding the statement of "traveling with employees' hard - earned money", Yu Minhong believes that such an expression is inappropriate. While you are working hard, bosses are also working desperately and taking on greater risks to ensure the normal development of the company.

In addition, Yu Minhong also said that despite being called an "old man", he still had something to say:

Although some people call me an old man, I still have to say a few words about work and growth. If you work at New Oriental and haven't given up this job, I think you have the responsibility to safeguard the development and image of New Oriental. If you encounter unfair treatment or are bullied at work, try to solve it through internal channels. You are also welcome to write to my email at any time. The company also welcomes everyone to openly complain, which is a tradition at New Oriental and I've always encouraged it. However, you'd better be cautious about extreme remarks posted on self - media. New Oriental has always encouraged freedom of speech, but only on the premise of the company's normal development can everyone have a stable job. (Kuaikeji)

Producer of "Ne Zha 2: Born to Be a Demon" Responds to Its Omission from Oscar Longlist

On November 21 local time, the Academy of Motion Picture Arts and Sciences, the organizer of the Oscars, announced the longlist of films eligible to compete for the three awards of Best Documentary Feature, Best International Feature Film, and Best Animated Feature. In the category of Best Animated Feature, 35 films are eligible to "compete for the Oscars" this year. Surprisingly, "Ne Zha 2: Born to Be a Demon" is not on the list. A reporter from The Paper confirmed from "CMC Inc.", the producer of "Ne Zha 2: Born to Be a Demon", that they did not submit the film for Oscar consideration. This year, 86 films are eligible to compete for the Best International Feature Film award, including "Nanjing Photo Studio" and "Breaking the Hell". (The Paper)

Big Companies/Big Events

Xibei Cuts Prices, with a Range of 5% - 20%

On November 22nd, based on the information in Xibei's previous response announcement, a reporter visited Xibei's Nanjing Shate Center store. It was the first day of business for the store that day, and there was a large influx of diners during the evening peak, resulting in obvious queues. The store manager told the reporter that recently, Xibei has adjusted the prices of its products across all its national stores. Nearly 40 items in the store have had their prices cut, with a reduction range of 5% - 20%. A waiter confirmed to the reporter that the previous media reports about Xibei giving all employees an average salary increase of 500 yuan were true. (Modern Express)

China's annual box office in 2025 has exceeded 46 billion yuan

The latest data shows that as of now, China's annual box office in 2025 has exceeded 46 billion yuan. As the Chinese New Year film season approaches, many new films that audiences are looking forward to are being released one after another. (CCTV News)

Mobile Financial Apps are Accelerating Slimming Down, and the Credit Card Market Growth has Shown a Weak Trend

Once they were swarming to promote, but now they are shutting down in a concentrated manner. Why has there been such a big change in the bank's APP strategy? "Low user activity, redundant functions, and high operating costs are the main reasons for banks to shut down some APPs," said Lou Feipeng, a researcher at the Postal Savings Bank of China. In the early days, banks launched independent APPs to quickly seize niche markets. However, the current industry has shifted from scale expansion to quality improvement. It is necessary to adapt to the trend of digital transformation and shift from the scattered services of multiple APPs to a one-stop platform to enhance the user experience. Judging from the types of shutdowns, credit card and direct banking APPs have become the focus of this round of "slimming down."

Data shows that the growth of the credit card market has shown a weak trend. According to the report on the operation of the payment system in the second quarter of 2025, the total number of credit cards and combined credit and debit cards was 715 million, a decrease of 6 million from the previous quarter, indicating an obvious contraction in scale. Meanwhile, many small and medium-sized banks have also successively shut down or integrated their direct banking APP services. (Sina Finance)

Zhong Shanshan Donates 100 Million Yuan to Education Fund

On November 22nd, at the Education Conference in Zhuji City, the Reward Fund for Building Zhuji into a Strong Education City was established. At the conference site, more than a dozen enterprises donated a total of 142 million yuan. Among them, Zhong Shanshan, the founder of Nongfu Spring, donated 100 million yuan in his personal name to Zhuji High School to establish the Zhong Ziyi Education Fund Project of Zhuji High School. The "Hurun Rich List 2025" shows that Zhong Shanshan's wealth increased by 190 billion yuan. With a fortune of 530 billion yuan, he became the richest man in China for the fourth time, breaking the wealth record of the richest man in China. (Yicai Global)

Russian Academy of Engineering Responds to the "Guo" Incident

On November 22, 2025, the Russian Academy of Engineering replied in an email regarding the controversy over the title of "Foreign Academician of the Russian Academy of Engineering" of Guo, a former professor at Jiangsu University of Science and Technology. It stated that Guo's academician qualification has been temporarily suspended, and the compliance of the materials he submitted is being reviewed. The Russian Academy of Engineering pointed out that in 2025, Guo from Jiangsu University of Science and Technology submitted all the application materials as required and was successfully elected as a foreign academician of the Russian Academy of Engineering. Recently, they received relevant information and are now reviewing the compliance of the materials submitted by Guo. During the review period, Guo's academician qualification has been temporarily suspended, and his information has also been temporarily removed from the official website of the Russian Academy of Engineering. The other party also said that the review results regarding Guo will be announced to the public in a timely manner. (Beijing News)

Wingtech Technology: Urge Nexperia Netherlands to Effectively Respond and Communicate to Resolve the Control Issue to Ensure the Stability of the Global Supply Chain

36Kr learned that Wingtech Technology issued a statement on November 23. Since the improper intervention of the Dutch Ministry of Economic Affairs, in a responsible manner and in line with the principle of safeguarding the interests of global customers, with the strong assistance and promotion of relevant Chinese government departments, we have taken the initiative to show goodwill and clearly expressed our willingness to conduct constructive communication with Nexperia Netherlands on how to restore Wingtech Technology's legitimate control and properly resolve the current dispute. We always believe that resolving differences through candid dialogue is the practical and correct way to ensure the normal operation of the company and the stability of the global chip supply. However, to our great regret and puzzlement, despite our utmost sincerity, Nexperia Netherlands has not made any substantial response to our communication proposal to date. In view of this, we require Nexperia Netherlands to put forward a constructive and truly sincere solution on how to restore Wingtech Technology's legitimate control and complete shareholder rights on the basis of earnestly respecting facts and laws.

Haomo.AI has ceased operations and dissolved

An insider revealed that Haomo.AI, an intelligent driving company invested in by Great Wall Holdings, Hillhouse Capital, Qualcomm, etc., suddenly notified its employees that they don't need to come to work starting from November 24th, and the compensation plan has not been announced yet. Public information shows that Haomo.AI was established in November 2019 and was formerly the Advanced Intelligent Driving Department of Great Wall Motors. It was the first domestic enterprise to achieve mass - production of autonomous driving technology. Its business covers three major fields: intelligent assisted driving for passenger cars, automatic delivery vehicles for last - mile logistics, and intelligent hardware. Its core product, the HPilot system, is installed in over 20 models. In 2024, users' intelligent driving mileage exceeded 250 million kilometers, and it was also included in the Hurun Global Unicorn List. (Sina Technology)

Moore Threads will be available for subscription on November 24

According to the current issuance arrangement, there will be 2 new stocks available for subscription next week. Specifically, the new stock of Moore Threads on the Science and Technology Innovation Board of the Shanghai Stock Exchange will be available for subscription on November 24, and the new stock of Beijing Biocytogen Co., Ltd. on the Science and Technology Innovation Board of the Shanghai Stock Exchange will be available for subscription on November 28. The subscription code of Moore Threads is 787795, and the issue price is 114.28 yuan per share. The total number of shares issued this time is 70 million, of which the number of shares issued online is 11.2 million. For investors participating in the online subscription of Moore Threads, the upper limit of the subscription quantity is 11,000 shares, and a market value of 110,000 yuan in Shanghai stocks is required for a full - lot subscription. From 2022 to 2024 and the first half of 2025, Moore Threads' operating revenues were 46.0883 million yuan, 124 million yuan, 438 million yuan, and 702 million yuan respectively, and the net profits attributable to the parent company were -1.894 billion yuan, -1.703 billion yuan, -1.618 billion yuan, and -271 million yuan respectively. (China Fund News)

VCG Apologizes: The Infringing Works Involved in the Case Have Been Removed from the Website after the Lawsuit

On November 22, three companies including Visual China Group Co., Ltd. (hereinafter referred to as "VCG") jointly issued a "Statement on Eliminating the Influence of the Copyright Dispute Case Where Dai Jianfeng Sued VCG and Other Three Companies" on the official website of VCG.

The statement said that the picture named "Village under the Milky Way" displayed and sold on the website managed by VCG was uploaded by a third - party outside the case through image theft. After being heard and determined by the People's Court of Heping District, Tianjin, the copyright owner of "Village under the Milky Way" is Dai Jianfeng. VCG's act of displaying and selling the picture of "Village under the Milky Way" infringed Dai Jianfeng's right of signature and the right of information network dissemination of this work. We hereby express our apologies for this. The works involved in the case have been removed from the website after the lawsuit, and the infringement has ceased. The statement also said that in the future, the company will pay more attention to the protection of the rights of copyright owners, continuously improve the content review process, and continue to contribute to maintaining a healthy copyright ecosystem. (The Paper)

Moutai Clarifies Rumors: "Opening Franchises for Moutai Stores" and "Direct Purchase of Feitian Moutai" Are Both Counterfeit Acts

Rumors such as "Moutai will open 800 direct - operated stores" and "The start - up capital will be reduced to 500,000 yuan" have been spreading widely. These kinds of news also claim that each store will be allocated a fixed quota of Feitian Moutai at 1499 yuan. On November 22, reporters found through investigation that this was another false information incident in the name of Moutai's official. It is worth noting that these articles all attached "links" or "QR codes" for applying to open Moutai stores. Using the above tempting words, they attracted people to click on the links to apply for opening direct - operated stores and submit personal information. By the evening of November 22, reporters noticed that many relevant article links had been deleted.

In fact, there have been multiple recent rumors about "Moutai will open direct purchase of Feitian Moutai at 1499 yuan to small and medium - sized enterprises". In response, Kweichow Moutai stated that these so - called "opening franchises for Moutai stores" and "opening direct purchase of Feitian Moutai" are all counterfeit acts, and the company has never authorized or entrusted any entity to release such information. According to sources close to Moutai, the company attaches great importance to this and will severely crack down on it through relevant departments and channels. (China Newsweek)

Fat Donglai Invests 100 Million to Establish a New Company, and Applied for Multiple "Fat Donglai Dream City" Trademarks Last Year

Recently, reporters learned from the Aiqicha App that Xuchang Fat Donglai Dream City Trading Co., Ltd. was established. The legal representative is Feng Yanjun, and the registered capital is 100 million RMB. Its business scope includes the sales of daily necessities, retail of hardware products, retail of clothing and accessories, retail of cosmetics, etc. Shareholder information shows that the company is wholly - owned by Xuchang Fat Donglai Trading Group Co., Ltd. It is worth mentioning that in December last year, Xuchang Fat Donglai Trading Group Co., Ltd. had applied for multiple trademarks such as "Dream City" and "Fat Donglai Dream City". The international classifications are catering and accommodation, advertising and sales. Currently, some of the trademarks have been successfully registered. (Xiaoxiang Morning Post)

Two Scientists from BYD and CATL Elected as Academicians, Two New Academicians Added to the Automotive Industry

On November 21st, the Chinese Academy of Sciences and the Chinese Academy of Engineering announced the results of the 2025 academician election, electing 73 academicians of the Chinese Academy of Sciences and 71 academicians of the Chinese Academy of Engineering respectively. Two people from the automotive industry were elected as academicians, coming from BYD and Contemporary Amperex Technology Co., Limited (CATL). They are: Lian Yubo, the chief scientist, chief engineer and director of the research institute of BYD, and Wu Kai, the chief scientist of CATL, who were elected as academicians of the Chinese Academy of Engineering. (Caixin)

Xu Xin Acquires Part of ByteDance's Equity at a Valuation of $3.4 Trillion, Becoming Zhang Yiming's "New Shareholder"

According to Bloomberg, a Chinese investment firm defeated several other bidders in a tender on the 19th and acquired part of the equity held by Bank of China Group Investment Limited (hereinafter referred to as BOCGI), an early institutional investor in ByteDance. People familiar with the matter said that the initial asking price for this batch of shares was about $200 million, corresponding to a valuation of $360 billion for ByteDance. The final acquisition price reached about $300 million, and the valuation soared to $480 billion, equivalent to about 3.4 trillion yuan.

This institution is Capital Today, managed by Xu Xin. Industry insiders pointed out that this valuation is much higher than recent levels, indicating investors' strong interest in TikTok's parent company, the short - video giant. In response, Xu Xin herself posted a statement saying that Capital Today has never withdrawn from the primary market. In the past few years, it has been continuously deepening its presence in the primary market and making normal personnel adjustments according to business changes. (NBD)

Is the C7 Driver's License for "Old Men's Joy" Being Piloted in Shanghai and Guangzhou? Multiple Parties Respond

Recently, many self - media outlets have started to hype up the "C7 driver's license", claiming that with this license, one can drive four - wheel low - speed electric vehicles, commonly known as "old men's joy". They also claim that it will be piloted in places such as Shanghai, Guangzhou, and Chengdu by the end of the year and promoted nationwide next year. In response, the public security traffic management departments of the relevant cities have clearly denied this. Gu Dasong, the executive director of the Research Center for Transportation Rule of Law and Development at Southeast University, said: "We've always thought that there should actually be room for this. In some places, a small license plate can be issued separately for such vehicles, and local policies can be introduced. They can even be insured with insurance companies, just not the mandatory motor vehicle insurance. I think it's worth discussing. For example, they can only be driven on rural roads. Even if they enter the county seat, they should not be driven on highways or expressways. The key issue is to get a license plate. Just like driving a car, there should be a license plate, but the requirements can be lowered because they are low - speed vehicles." (Jiemian News)

The price of duck down has remained at a high level recently, and the willingness of middle and lower - stream enterprises to place additional orders and make purchases is active

Caixin Press reporters learned from the industry that the down jacket has now entered the peak consumption season. "The price of white duck down was almost changing every day in October. It hasn't been rising recently and has remained at a high level." Although most enterprises believe that the current raw material prices are relatively high, due to insufficient early - stage stockpiling, the willingness of middle and lower - stream enterprises to place additional orders and make purchases has remained active. Regarding listed companies, reporters learned through interviews that Huaying Agricultural Development's down processing capacity is fully utilized; Guqi Rongcai currently has an overall down production capacity of 2,288 tons, and the company has a certain amount of duck down and goose down in stock. As the down price rises, the value of the company's inventory has increased accordingly. (Caixin Press)

Xiaomi Officially Clarifies Rumors of Battery Production Line Fire in Xiaomi Auto Factory

36Kr learned that a spokesperson for Xiaomi Corporation issued a statement, sternly refuting and clarifying the recent online rumors about the so - called "fire in the battery production line in the Xiaomi Auto Factory" as follows: In 2024, during the debugging and optimization process of the production equipment in the battery workshop of the Xiaomi Auto Factory, due to an operational error by the operator in the manual mode, the battery pack being transported on the AGV (Automated Guided Vehicle) collided with the equipment, scratching the battery cells. This led to a short - circuit in the battery pack, causing a small open fire. The workshop quickly activated the emergency response plan, and the fire was promptly extinguished without spreading to other production areas, and no personnel were injured. We would like to specifically explain that this incident was indeed a deviation in the production process debugging work, but it was not due to design flaws, material issues, or manufacturing defects in the battery itself. All Xiaomi Auto models' battery packs are developed to ultra - high standards. The batteries of Xiaomi SU7 and Xiaomi YU7 both meet the relevant national battery standards. Please rest assured, dear car owners. In addition, there was also a video circulating online about the so - called "display on the event wall of the battery workshop" during the same period. We have also verified and confirmed that the relevant pictures are from the problem management board for inspection and verification during the "initial debugging" of the relevant equipment in the battery workshop in early 2024, and all relevant problems have been resolved before the mass - production stage.

Public Consultation on the "Regulations on the Protection of Personal Information of Large - scale Internet Platforms (Draft for Comment)"

36Kr learned that the National Internet Information Office and the Ministry of Public Security are soliciting public opinions on the "Regulations on the Protection of Personal Information of Large - scale Internet Platforms (Draft for Comment)". The draft for comment proposes that providers of large - scale Internet platform services shall store the personal information collected and generated in their operations within the territory of the People's Republic of China. If it is really necessary to provide such information overseas, it shall comply with the relevant regulations on the security management of cross - border data transfer in China. Providers of large - scale Internet platform services shall, in accordance with relevant national regulations, improve relevant technologies and management measures for the security of cross - border transfer of personal information, and promptly prevent and handle security risks and threats related to the illegal cross - border transfer of personal information.

The first domestically-produced nine-valent HPV vaccine is launched in Heilongjiang

China's first approved domestically-produced nine-valent HPV vaccine was officially launched for use in Heilongjiang Province recently. This domestically-produced nine-valent HPV vaccine has made China the second country in the world with the independent ability to supply high-valence HPV vaccines. It is reported that this vaccine can cover about 95.4% of the viruses causing cervical cancer in terms of core protective effects. Its safety, effectiveness, and immunogenicity are comparable to those of imported vaccines, and it is the most effective primary preventive measure against cervical cancer. (Heilongjiang Daily)

Oracle's stock price plummets, Ellison drops to third on the rich list, Page rises to second

Larry Ellison, the founder of Oracle, has recently suffered a huge loss of wealth. During consecutive weeks of plummeting stock prices, a total of $130 billion in value has evaporated, causing his ranking on the Bloomberg Billionaires Index to slip from second in the world to third. Meanwhile, Larry Page, the co - founder of Google, has risen to second in the world for the first time with assets of $256.9 billion, second only to Elon Musk. This reversal is particularly dramatic. Just two months ago, Oracle's stock price soared 36% in a single day in September. Driven by optimistic expectations of the surging demand for AI cloud infrastructure, Ellison's assets increased by $89 billion in a single day, briefly propelling him to become the world's richest person, surpassing Musk. (Sina Finance)

Australia to Ban Power Banks in Aircraft Cabins

Several major Australian airlines announced on the 21st that they will gradually ban the use of power banks or charging of power banks on flights starting next month to reduce the risk of fires in the aircraft cabin. These safety measures will apply to all domestic and international flights without any exemptions. According to a report by the Australian Broadcasting Corporation on the 21st, Qantas and its regional subsidiary, as well as Jetstar Airways, announced that they will implement the ban starting December 15, while Virgin Australia's ban will take effect on December 1. (Caixin Press)

Report: Meta Sued for Concealing "Causal" Evidence of Social Media's Harm to Mental Health

In a class - action lawsuit in which multiple school districts in the United States sued Meta and other social media platforms, the complete lawsuit documents revealed that the company halted relevant internal research after finding causal evidence that its two products, Facebook and Instagram, could have an adverse impact on users' mental health. (Sina Finance)

Tesla Sued in the US Over Fatal Crash, Faulty Door Handles Alleged to Hinder Rescue

It is reported that Tesla has been sued in the state of Washington after a fatal fire accident that resulted in one death and one serious injury. It is said that rescuers struggled to open the vehicle's doors. The claim stems from an incident that occurred in January 2023. According to a lawsuit filed in the federal court of Washington state on the 21st, the electric vehicle "suddenly and rapidly accelerated out of control", crashed into a utility pole and caught fire. The lawsuit states that Tesla's "unique and defective door handle design" rendered the doors inoperable and hindered the rescue process. (Cailian Press)

Moon Manufacturing + Mass Projector: Musk Aims for 100 Terawatts of Space Energy Production per Year

Elon Musk posted on the 20th, saying, "Starship should be able to deliver about 300 gigawatts of solar-powered AI satellites to orbit each year, and it might even reach 500 gigawatts." A blogger commented on this, saying, "If it grows at a rate of 300 gigawatts per year (GW/yr), it will exceed the current global total power generation (about 3.5 terawatts) in just 12 years." On the 23rd, Musk responded, "Moon manufacturing combined with a mass projector will enable an (output/capacity) of over 100 terawatts per year." (Sina Finance)

Large-scale selling by long-term Bitcoin holders. Analysts warn it may exacerbate future market volatility

According to Cointelegraph, Bitcoin "OGs" (long-term holders) are transferring a large amount of assets to "paper-hand" investors. Economist Peter Schiff warns that this will lead to more severe market declines in the future. In October, whales and long-term holders sold more than 400,000 Bitcoins, causing the price to fall below $85,000. Early investor Owen Gunden has cashed out 11,000 Bitcoins worth approximately $1.3 billion. Robert Kiyosaki, the author of "Rich Dad Poor Dad", also announced that he sold all his Bitcoins at a price of $90,000. (Sina Finance)

Going public in progress

ZhaoWei Machinery & Electronics Co., Ltd., MaiWei Biotechnology Co., Ltd.

On November 22nd, the International Cooperation Department of the China Securities Regulatory Commission issued overseas issuance and listing filing notices for Shenzhen ZhaoWei Machinery & Electronics Co., Ltd. and MaiWei (Shanghai) Biotechnology Co., Ltd. ZhaoWei Machinery & Electronics plans to issue no more than 69,058,450 overseas-listed common shares and list on the Hong Kong Stock Exchange. MaiWei Biotechnology plans to issue no more than 62,664,600 overseas-listed common shares and list on the Hong Kong Stock Exchange. (JIN10 Data APP)

JD Industrial

36Kr learned that documents from the Hong Kong Stock Exchange show that the Hong Kong Exchanges and Clearing Limited has approved the IPO of JD Industrial in Hong Kong.

The Cutting - Edge of AI

ChatGPT Group Chat Launched, Supporting Up to 20 People

On November 21st, OpenAI issued an announcement to officially roll out the group chat feature for ChatGPT. This feature had previously undergone a small - scale test and received positive feedback. It is now available to all logged - in users, covering the Free, Go, Plus, and Pro packages. Users can easily create a group chat by clicking the "Person" icon in the upper - right corner of any new or existing conversation interface. Inviting members is very convenient. Users can generate and share a link, and anyone with the link can join and invite more members. Each group chat supports up to 20 people online simultaneously. (IT Home)

Huawei Unveils New AI Technology to Enable a Single Card to Simultaneously Carry Multiple AI Workloads

According to a report from Science and Technology Innovation Board Daily on the 21st, Huawei released the Flex:ai AI container software on the same day. Through computing power segmentation technology, it divides a single GPU/NPU computing power card into multiple virtual computing power units with a segmentation granularity accurate to 10%. This enables a single card to simultaneously carry multiple AI workloads and can aggregate the idle XPU computing power of each node in the cluster to form a "shared computing power pool." It is reported that Flex:ai will be open - sourced in the Moqing Community upon release. (Caixin Venture Capital)

Changan Automobile: Plans to Launch First In-vehicle Component Robot in Q1 Next Year

36Kr learned that Changan Automobile announced that in terms of the robot business, it is strategically deploying intelligent vehicle robot technologies and operations with a "1+N+X" approach centered around core scenarios. In the field of humanoid robots, it is collaborating with leading partners to jointly develop humanoid robots and make breakthroughs in core technologies such as the robot's "brain", "energy", and "driving". In terms of product layout, with the R & D of humanoid robot technologies and high - end applications as the focus, it will drive and empower other intelligent mobility/automobile robots. Based on factory, store, household, and special application scenarios, it will adopt a three - step approach (short - term, medium - term, and long - term) to become an integrator for the commercial + technological closed - loop and create multiple embodied intelligent robot products. It is expected that starting from next year, prototype machines will be gradually launched and continuously iterated. In addition, the first in - vehicle component robot is expected to be launched in the first quarter of next year.

Investment and Financing

VisionTech Future, a company incubated by IDEA Research Institute, secures nearly 100 million yuan in financing

36Kr learned that VisionTech Future (Shenzhen) Technology Co., Ltd., a large visual model company incubated by IDEA Research Institute, announced the completion of nearly 100 million yuan in angel - round financing. This round was led by A - share listed company Ankai Microelectronics, with follow - on investments from institutions such as Haochen Capital, Dehu Capital, Yuanhe Puhua, Ginkgo Valley Capital, Lihe Zhongke, Digital Future, and Jiuan Intelligence.

Compiled | Baby Chinese Cabbage