Krstar Evening News | Singapore's national AI initiative abandons Meta's models and turns to Alibaba's Tongyi Qianwen; The pre-sale box office of "Zootopia 2" exceeds 300 million yuan; Alibaba: Revenue from e-commerce customer management in the second fiscal quarter of fiscal year 2026 increased by 10% year-on-year.
Large companies:
Best Buy's Q3 revenue reached $9.67 billion, a year-on-year increase of 2.7%
Best Buy's revenue in the third quarter was $9.67 billion, a year-on-year increase of 2.7%. The adjusted diluted earnings per share were $1.40, compared with $1.26 in the same period last year. Best Buy raised its adjusted diluted earnings per share guidance for fiscal year 2026 to between $6.25 and $6.35. (Caixin)
Pre-sale box office of "Zootopia 2" exceeds 300 million yuan
36Kr learned that according to the professional version of Dengta, as of November 25th, the pre-sale box office of the film "Zootopia 2" has exceeded 300 million yuan, making it the first imported animated film in the history of Chinese cinema to achieve pre-sale box office exceeding 300 million yuan.
Nokia Announces Delisting from the Paris Stock Exchange, Effective December 31, 2025
Nokia announces its delisting from the Paris Stock Exchange, which is expected to take effect on December 31, 2025. (Cailian Press)
RoboSense: Total Revenue in the Third Quarter was Approximately 407 Million Yuan
36Kr learned that RoboSense released its performance report for the third quarter of 2025, with a total revenue of approximately 407 million yuan. Among them, the total sales volume of lidars was approximately 185,600 units, a year-on-year increase of 34.0%; the sales volume in the robotics and other fields continued to grow, reaching 35,500 units in the third quarter alone, a year-on-year increase of 393.1%; the revenue from robotics and other lidar products was approximately 142 million yuan, a year-on-year increase of 157.80%. Meanwhile, overseas revenue achieved a year-on-year growth of over 100%. RoboSense expects that the digital lidars will see a significant increase in sales volume in the fourth quarter of this year and will achieve profitability in a single quarter for the first time.
Alibaba: Instant retail business revenue reached 22.906 billion yuan in the second fiscal quarter of fiscal year 2026, a year-on-year increase of 60%
36Kr learned that Alibaba released its financial report for the second fiscal quarter of fiscal year 2026. The report shows that in the three months ended September 30, 2025, the revenue of the instant retail business was 22.906 billion yuan, a 60% increase compared with the same period in 2024, mainly due to the increase in order volume brought by "Taobao Flash Sale" launched at the end of April 2025.
Xiaomi Group Repurchases 2.5 Million Shares with Another HK$100 Million
36Kr learned that on November 25th, Xiaomi Group issued another repurchase announcement on the Hong Kong Stock Exchange. It repurchased 2.5 million shares at an average price of HK$40.29, with a total amount exceeding HK$100 million. Since the beginning of this month, Xiaomi has cumulatively repurchased 24 million company shares, with a total amount exceeding HK$900 million. Yesterday, Lei Jun, the founder, chairman, and CEO of Xiaomi Group, personally invested over HK$100 million to increase his holdings of 2.6 million shares of Xiaomi Group. On November 25th, Xiaomi's Hong Kong - listed stocks opened higher, and by the close, the increase reached 4.35%, with the stock price returning above HK$40.
Alibaba: E-commerce Customer Management Revenue Increased by 10% Year-on-Year in the Second Fiscal Quarter of Fiscal Year 2026
36Kr learned that Alibaba released its financial report for the second fiscal quarter of fiscal year 2026. The report shows that in this quarter, e-commerce customer management revenue (CMR) increased by 10% year-on-year, and the revenue of the instant retail business increased by 60% year-on-year. As of October 31, approximately 3,500 Tmall brands connected their offline stores to the instant retail service. During the Tmall Double 11 period, the number of consumers on the Taobao App increased by double digits year-on-year, nearly 600 brands achieved sales of over 100 million yuan, and the average daily orders of Tmall brand instant retail increased by 198% compared with September.
Tuya Smart: Total revenue in Q3 reached $82.5 million, maintaining year-on-year growth for the ninth consecutive quarter
36Kr learned that Tuya Smart released its financial report for the third quarter of 2025. The report shows that the total revenue in the third quarter of 2025 was $82.5 million, maintaining year-on-year growth for the ninth consecutive quarter; as of September 30, 2025, the number of registered developers on the Tuya AI Developer Platform exceeded 1.622 million, a 23% increase from 1.316 million at the end of 2024.
Novartis Plans to Cut 550 Jobs in Switzerland by End-2027
Novartis announced on November 25 that it will adjust its production activities in Switzerland, planning to cut up to 550 jobs in the country. Novartis will stop the production of solid - dosage forms and the packaging of sterile drugs at its Stein plant by the end of 2027. Meanwhile, it will further improve the level of automation and production efficiency. This plan may lead to the disappearance of about 550 permanent jobs by the end of 2027. (Jiemian)
NIO: Revenue in Q3 Reached 21.79 Billion Yuan, a Year-on-Year Increase of 16.7%
36Kr learned that NIO released its financial report for the third quarter of 2025. The revenue in the third quarter reached 21.79 billion yuan, a year-on-year increase of 16.7%, hitting a record high. The comprehensive gross profit margin in the third quarter was 13.9%, the highest in nearly three years. NIO delivered 87,071 vehicles in the third quarter, a year-on-year increase of 40.8%, also a record high. The gross profit margin of vehicles in the third quarter was 14.7%, the highest in nearly three years. The delivery guidance for the fourth quarter is between 120,000 and 125,000 vehicles, a year-on-year increase of 65.1% to 72.0%. The revenue guidance is between 32.76 billion yuan and 34.04 billion yuan, a year-on-year increase of 66.3% to 72.8%.
Chow Tai Fook: Profit attributable to shareholders for the six months ended September 30, 2025, was HK$2.534 billion
36Kr learned that Chow Tai Fook announced in the Hong Kong Stock Exchange that for the six months ended September 30, 2025, its revenue was HK$38.986 billion, a year-on-year decrease of 1.1%; the profit attributable to shareholders was HK$2.534 billion, a year-on-year increase of 0.1%.
Is BYD developing flying cars? BYD responds: Launch products that meet the needs in due course
36Kr learned that in response to the question "Are you developing flying cars? How's the progress?" BYD said on the interactive platform that BYD has always been adhering to the principle of using technological innovation to meet people's yearning for a better life, continuously paying attention to consumers' needs, and launching products that meet the needs in due course.
Zhihu: Revenue Reached 659 Million Yuan in Q3, Non-GAAP Operating Loss Narrowed by 16.3% Year-on-Year
36Kr learned that Zhihu released its financial report for the third quarter of 2025. The report shows that Zhihu's revenue in the third quarter reached 659 million yuan, and its non-GAAP operating loss narrowed by 16.3% year-on-year. During the reporting period, the paid reading business contributed 386 million yuan in revenue, accounting for 58.5%; the marketing service revenue reached 189 million yuan, accounting for 28.7%; other businesses, including vocational education and consumer goods, contributed 83.9 million yuan in revenue, accounting for 12.8%.
Shuguang Co., Ltd.: The new energy batteries for the company's whole vehicles are mainly supplied by CATL.
36Kr learned that Shuguang Co., Ltd. stated on the interactive platform that the new energy batteries for the company's whole vehicles are mainly supplied by CATL.
Singapore's National AI Initiative Abandons Meta's Model and Turns to Alibaba's Tongyi Qianwen
36Kr learned that on November 25th, according to foreign media reports, the Singapore National Artificial Intelligence Strategy (AISG) is making a major strategic adjustment. In its latest large language model project for Southeast Asian languages, it has abandoned Meta's model and turned to the open - source architecture of Alibaba's Tongyi Qianwen Qwen.
Investment and Financing:
"Lingxin Qiaoshou" Completes Hundreds of Millions of Yuan in Series A+ Round Financing
36Kr learned that according to Lingxin Qiaoshou's official WeChat account, recently, "Lingxin Qiaoshou" officially completed hundreds of millions of RMB in Series A+ round financing. This round of financing was jointly participated in by multiple investment institutions such as Zhejiang Innovation Investment, Deqing Industrial Investment, Leju Robot, CDH Baifu, Jinghua New Materials, Dongfang Seiko, Aux, Huafu Investment, Hongyi Fund, Hongshan Capital, and Xiangyuan New Materials. Lingxin Qiaoshou will continue to improve its mass production and delivery capabilities, and plans to deliver 50,000 - 100,000 dexterous hands in 2026.
New Products:
Huawei's First HarmonyOS 2-in-1 Tablet PC Officially Launched
36Kr learned that Huawei's MatePad Edge HarmonyOS 2-in-1 tablet PC has been officially launched. In terms of price, the Huawei MatePad Edge starts at 5,999 yuan, and the Huawei Star Leap Floating Keyboard is priced at 1,499 yuan.
Today's Views:
US Investment Consulting Firm: TSMC's Market Value May Surpass Apple's by 2030
The AI boom is bringing unprecedented momentum to TSMC. Keithen Drury, a senior analyst at US investment consulting firm The Motley Fool, pointed out that although Apple currently has a market value as high as $4 trillion, while TSMC's is only about $1.4 trillion, as long as AI continues to generate huge demand, TSMC may surpass Apple in market value as early as before 2030. (Sina Finance)