At 8 o'clock, here's the latest news: Samsung has launched its first triple-fold smartphone, which was criticized by Luo Yonghao. The top ten popular phrases of 2025 have been announced. The average life expectancy of Chinese residents has reached 79 years.
Today's Hotspot Guide
The Hong Kong Special Administrative Region will establish an independent commission to investigate the fire.
The six major banks have completely stopped selling five-year large-denomination certificates of deposit.
Xiaomi has cumulatively delivered over 500,000 cars.
Burry is reported to have shorted Tesla's "absurd" valuation.
Elon Musk: The goal of the X platform is to become an upgraded version of WeChat.
Top 3 Big News
Samsung Unveils Its First Triple-Folding Phone, Criticized by Luo Yonghao
It is reported that Samsung officially launched the Galaxy Z TriFold on December 2nd, which is its first triple-folding phone. In a press release, Samsung stated that this new form factor "has been long overdue" and that it "fully demonstrates engineering excellence through state-of-the-art foldable technology and is optimized for the unique requirements of multi-fold design." In terms of appearance, the Galaxy Z TriFold is extremely thin, even comparable to the Galaxy Z Fold 7. The Samsung Galaxy Z TriFold features an inward-folding design, with the two sides folding towards each other to protect the main display. The device also adds various screen prompts and vibration functions, automatically alerting users if they fold the device incorrectly. On December 2nd, Luo Yonghao commented sharply on Weibo: "No way, is this for real? Isn't this just like having four phone screens when folded? Apart from being thicker than Huawei's solution, what's the point?"
It is understood that the Samsung Galaxy Z TriFold will be launched in South Korea first on December 12th, with a starting price of 3.5904 million South Korean won (approximately 17,302 yuan at the current exchange rate). It will be available in China, Singapore, and the United Arab Emirates before the end of this month. Samsung will also release this phone in the United States in the first quarter of 2026. (Sina Tech)
Top 10 Popular Words of 2025 Announced
On December 2nd, the editorial department of Jiao Wen Jiao Zi released the "Top 10 Popular Words of 2025". They are: "Resilience", "Embodied Intelligence", "Super League of Scotland", "Cyber Reconciliation", "Digital Nomad", "Anime Merchandise", "Pre - made XX", "Sense of Liveliness", "XX is fundamental, XX is not", "Calm and at ease, or in a hurry and in a mess". Huang Anjing, the chief editor of Jiao Wen Jiao Zi, said that the editorial department followed the consistent "dual - standard" principle, that is, adhering to the selection criteria of sociology and linguistics. "Resilience" ranked first, and "Super League of Scotland" and "Cyber Reconciliation" were also selected with high votes, which shows that the major events and social hotspots of this year have received extensive attention from society. (Cailian Press)
The average life expectancy of Chinese residents reaches 79 years
On December 2, 2025, according to the website of the National Health Commission, the National Health Commission recently released the "Statistical Bulletin on the Development of China's Health Undertakings in 2024" (hereinafter referred to as the "Bulletin"), showing that the average life expectancy of Chinese people has reached 79 years, the maternal mortality rate has dropped to 14.3 per 100,000, and the infant mortality rate has dropped to 4.0‰.
Previously, on December 1, Lei Haichao, the director of the National Health Commission, said at the opening ceremony of the 2025 Understanding China International Conference (Guangzhou) that during the "14th Five - Year Plan" period, the average life expectancy of Chinese residents increased by more than 0.2 years per year, reaching 79 years in 2024, ranking among the top in upper - middle - income countries. Relatively high health performance has been achieved with relatively less resource input. Lei Haichao also introduced that "China will aim at the goal of building a healthy China by 2035 and strive to reach an average life expectancy of about 80 years for Chinese residents by 2030." (Jiemian News)
Big Companies/Key Events
Hong Kong Special Administrative Region to Set Up Independent Commission to Probe Fire
Hong Kong Chief Executive Li Jiachao on the 2nd demanded a thorough investigation into the fire at Wang Fuk Court in Tai Po. Hong Kong will set up an independent commission chaired by a judge to probe the fire. Li said that the SAR government will continue to follow up on the search for about 30 missing people in the Wang Fuk Court fire. (Xinhua)
The six major banks have completely stopped selling 5-year large-denomination certificates of deposit
When reporters logged into the official apps and mobile banking of the six major banks for inquiries, they found that the term structure of large-denomination certificates of deposit at each bank has now significantly "shortened." Under the "Large-denomination Certificates of Deposit" section of the Industrial and Commercial Bank of China, only products with six terms of 1 month, 3 months, 6 months, 1 year, 2 years, and 3 years remain. Among them, the interest rate of the 3-year large-denomination certificate of deposit product is 1.55%, and the interest rates of both the 1-year and 2-year products are 1.20%. In addition, the product portfolios of the Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China show similar characteristics, and the 5-year products have all been removed from the list of available products. In the product catalog of RMB personal large-denomination certificates of deposit of the Agricultural Bank of China from 2018 to 2025, there is also no "trace" of the 5-year large-denomination certificate of deposit product. (Financial Times)
Xiaomi Cars Have Cumulatively Delivered Over 500,000 Units
36Kr learned that Xiaomi Auto issued a statement saying that as of December 2nd, since April 3rd, 2024, the cumulative deliveries of Xiaomi cars have exceeded 500,000 units. The delivery volume in November continued to exceed 40,000 units, and the delivery volume in 2025 has already exceeded the annual target set at the beginning of the year: 350,000 units.
Wuliangye Group Invests in Sichuan Airlines
36Kr learned that according to the Aiqicha app, recently, Sichuan Airlines Group Co., Ltd. underwent industrial and commercial changes. Sichuan Yibin Wuliangye Group Co., Ltd. was added as a shareholder, and the registered capital increased from 417 million yuan to 1.219 billion yuan. The company was established in 1988, and its legal representative is Li Yue. Its business scope includes general aviation services, civil aircraft maintenance, real estate development and operation, etc. It is now jointly held by Sichuan Development (Holding) Co., Ltd. and Sichuan Yibin Wuliangye Group Co., Ltd.
Canon Responds to the Cessation of Operations at Its Printer Factory in Zhongshan
Recently, Canon (Zhongshan) Office Equipment Co., Ltd., a subsidiary of Canon located in Zhongshan, Guangdong, announced externally that after careful consideration, the headquarters had made the difficult decision to cease the company's production and operations. On December 2nd, Canon China also confirmed to reporters that Canon (Zhongshan) Office Equipment Co., Ltd. had stopped its production and operations on November 21st. Canon China explained that due to the long - term shrinking trend of the global laser printer market and the impact of changes in work patterns, the market scale of laser printers for office use is shrinking at an accelerating pace, and it is difficult to expect a significant recovery in the long run. In addition, the market scale of laser printers in China has also shrunk significantly, resulting in a sharp decline in orders for Canon Zhongshan, which is the main production base for laser printers targeting the Chinese market. (The Paper)
The first "Doubao AI Phone" is sold out, with a maximum premium of $3500 on the second - hand platform
On December 2nd, Jiemian News noticed that as the first mobile phone product equipped with the Doubao Mobile Assistant, the Nubia M153 is currently sold out on the ZTE Mall, while on the second - hand platforms, the premium ranges from $300 to $3500. The Doubao Mobile Assistant is an AI assistant software developed through cooperation between the Doubao APP and mobile phone manufacturers at the operating system level. On December 1st, the Doubao team under ByteDance released a technical preview version of the Doubao Mobile Assistant, and a small number of engineering prototypes of the Nubia M153 equipped with the technical preview version of the Doubao Mobile Assistant have been put on sale. This model is mainly targeted at developers and tech enthusiasts, with a price of $3499. (Jiemian News)
Shuanglu Pharmaceutical: Currently, the number of oseltamivir orders has increased
36Kr learned that Shuanglu Pharmaceutical stated on the interactive platform that the current national centralized procurement is for oseltamivir granules, while the company's product is oseltamivir capsules, which are not the same product. Currently, the number of oseltamivir orders has increased, and the company is also closely monitoring the specific sales situation of it and other anti - influenza drugs.
Robot companies flock to apply for listing on the Hong Kong Stock Exchange, with nearly 30 submitting applications this year
According to the incomplete statistics of reporters, nearly 30 enterprises in the robot industry chain submitted applications to the Hong Kong Stock Exchange in the first 11 months, such as Audiowell, SEER, Kanopu Robotics, Kylos, LuoShi Robotics, and Youibot. If these enterprises are listed on the Hong Kong Stock Exchange collectively, it will significantly enhance the industrial agglomeration effect of the robot sector in the Hong Kong stock market. (Shanghai Securities News)
Russian tourism industry insiders: The number of Chinese tourists visiting Russia is expected to increase significantly
Russian President Vladimir Putin signed a presidential decree on December 1st. Starting from now until September 14, 2026, Chinese citizens can enter Russia without a visa for purposes such as visiting relatives, business trips, tourism, and participating in scientific, cultural, social - political, economic, and sports activities, and can stay for no more than 30 days. There is also no need to apply for a visa when transiting through Russia. After the news was released, insiders in the Russian tourism industry have said that they expect the number of Chinese tourists visiting Russia to increase significantly. This is long - awaited good news for the Russian tourism industry. (CCTV News)
Nestle Reportedly Considering Selling Blue Bottle Coffee, Valuation May Be Less Than $700 Million
According to sources, Nestle is reviewing various strategic options with Morgan Stanley, including selling its Blue Bottle Coffee chain of coffee shops. This is part of a broader strategic review by the company, with the goal of streamlining its business portfolio and exiting the operation of physical retail stores. Nestle acquired a majority stake in Blue Bottle Coffee in 2017, when its valuation was approximately $700 million. The sources said that the valuation of this sale is expected to be less than $700 million, and Nestle may also retain the brand's intellectual property rights to continue selling related products. (Sina Finance)
Report: Burry Has Short-Sold Tesla Due to Its “Absurd” Valuation and Musk's Pay Plan
Renowned American “bear” Michael Burry has short-sold Tesla shares, calling its valuation “absurdly high” and warning that the $1 trillion pay plan proposed by the company's founder, Elon Musk, will exacerbate the issue of equity dilution. According to Fortune, citing an article Burry published on Substack, he estimates that the electric vehicle manufacturer's stock-based compensation plan will dilute shareholders' equity by about 3.6% annually without buybacks to offset it. This continues Burry's bearish stance on high-valued tech stocks and echoes his earlier move to short-sell chip giant NVIDIA, where he also raised a similar issue of equity dilution. (Caixin)
Samsung Semiconductor Rejects Long - Term Storage Chip Contracts with Galaxy Phone Division
According to Sedaily, as the DRAM price soars, the Semiconductor (DS) division of Samsung Electronics has rejected the request from the Mobile eXperience (MX) division for a long - term storage chip supply contract of more than one year. It demands signing three - month contracts quarterly. Even though the senior management of the MX division negotiated in person, only an agreement for the fourth - quarter DRAM was reached. It is reported that the rising chip price will increase the proportion of the cost of the Galaxy S26 by at least 5%. The DS division is adjusting its production lines, focusing on producing high - profit products such as High - Bandwidth Memory (HBM) for AI chips and Low - Power Double - Data - Rate (LPDDR) mobile DRAM to maximize profits. (Cailian Press)
Report: Trump Fires 8 Immigration Judges
According to an official from the National Association of Immigration Judges, the Trump administration fired eight immigration judges on December 1st. All the fired judges were working at the office in 26 Federal Plaza, New York. This latest firing incident occurred when the U.S. Department of Homeland Security was actively recruiting "deportation judges." (Sina Finance)
Musk Says Tariffs Will Distort the Market and Tried to Persuade Trump but Failed
Musk said in a recent interview that he had tried to dissuade Trump from taking the tariff route but was unsuccessful. "I think free trade is better overall," Musk said, adding that tariffs would distort the market. He said that if tariffs between individual countries or U.S. states would have a catastrophic impact on the economy, "then why impose tariffs between countries?" However, Musk said, "The president has made it clear that he likes tariffs." (Sina Finance)
Elon Musk: The goal of platform X is to become an upgraded version of WeChat
During a recent episode of the "WTF with Marc Maron" podcast, Tesla CEO Elon Musk, in a conversation with Nikhil Kamath, the co - founder of Indian zero - commission brokerage firm Zerodha, reiterated his ambitious plan: to transform the social platform X into a "WeChat++" outside China, a one - stop platform integrating information dissemination and financial payment functions. (Sina Finance)
Prada Announces Completion of Acquisition of Versace
On December 2nd, Prada announced the completion of the acquisition of the Versace Group. In accordance with the terms and conditions of the share purchase agreement, all conditions under the share purchase agreement have been fulfilled. (Jiemian News)
Elon Musk Officially Announces His Executive Girlfriend, a Genuine AI Expert
Elon Musk, the tech maverick, the world's richest man, and the real - life "Iron Man" - this man who controls a multi - billion - dollar empire seems to have never truly "landed" when it comes to love. According to netizens' statistics, so far, Musk has fathered 14 children (publicly known) with four women. Recently, Musk talked freely on the podcast "People by WTF" founded by Indian entrepreneur Nikhil Kamath. During the conversation, Musk mentioned to Kamath, "You know my partner, Shivon, is half - Indian."
Public information shows that Shivon Zilis was born in 1986, 15 years younger than Musk. She is not a traditional socialite or internet celebrity but a genuine AI expert. She graduated from Yale University, joined the IBM Research, and later became one of the project leaders of Neuralink under Musk. (Kuaikeji)
Decline of Japan Tourism: Hotel Booking Popularity in South Korea Soars Over 240% Year-on-Year
Currently, there is a rising trend of "replacing Japan" in tourists' year - end outbound travel. South Korea, Southeast Asia, and Europe have become popular choices. Data from the Tongcheng Travel platform shows that in the last two weeks of November, the popularity of hotel bookings in South Korea increased by over 240% year - on - year. The popularity of hotel bookings in Southeast Asian destinations such as Vietnam and Indonesia also increased by more than 100% year - on - year. The year - on - year increase in the popularity of hotel bookings in European destinations such as Germany and Spain exceeded 300%, and the popularity of hotel bookings in Nordic destinations such as Denmark and Switzerland also had a year - on - year increase of over 200%. (Yicai Global)
Some users are unable to access ChatGPT, and OpenAI says it has taken countermeasures
The artificial intelligence chatbot ChatGPT under OpenAI currently has service outages for some users. On December 2 local time, OpenAI's official status page issued an update saying that the company is "currently experiencing some issues", including "an increase in the error rate of ChatGPT". The status page shows: "We have implemented mitigation measures and are monitoring the service recovery situation." According to data from the network outage tracking website Downdetector, about 3,000 users reported problems using ChatGPT on Tuesday. (Jiemian News)
The three major U.S. stock indexes closed higher collectively, and XPeng Motors fell more than 7%
36Kr learned that at the close on December 2nd, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose 0.39%, the Nasdaq Composite rose 0.59%, and the S&P 500 Index rose 0.25%. Most large technology stocks rose. Arm and Apple rose more than 1%, while Microsoft, Amazon, Google, Meta, Netflix, and NVIDIA rose slightly. Tesla fell slightly. Among popular Chinese concept stocks, the performance was mixed. XPeng Motors fell more than 7%, iQiyi fell more than 3%, Bilibili and NIO fell more than 2%, and Alibaba and NetEase fell more than 1%. Weibo rose more than 1%, and Li Auto, JD.com, and Pinduoduo rose slightly.
Fourth Suspect in Louvre Robbery Case Remanded in Custody Temporarily
On December 2nd local time, according to the Paris Prosecutor's Office, a week after his arrest, the fourth suspect in the Louvre robbery case was ordered to be remanded in custody temporarily. This man is the last member involved in the robbery on that day to be arrested. On November 25th, he was arrested at a construction site in Laval and was formally charged on the 28th with "organized gang theft" and "forming a criminal gang to commit a crime". (CCTV News)
NVIDIA CFO: No Final Agreement Reached with OpenAI Yet
On December 2nd, it was reported that NVIDIA's Chief Financial Officer stated that no final agreement has been reached with OpenAI. The CFO said that by 2026, the total orders for NVIDIA's Blackwell and Rubin AI chips will reach $500 billion, but this does not include any work the company is currently doing on the next - stage agreement with OpenAI. (Jiemian News)
Samsung Completes Development of Sixth-Generation HBM4 Chips and Sends Samples to NVIDIA Pending Mass Production Approval
Samsung Electronics has completed the development of its sixth-generation high-bandwidth memory (HBM4) chips and is entering the mass production preparation phase. The South Korean tech giant is currently sending HBM4 prototype samples to NVIDIA for quality testing. Samsung aims to finish the development of HBM4 by the end of the year. Once it passes NVIDIA's quality test, mass production may start immediately. It is understood that Samsung is also establishing a system for immediate mass production. (Cailian Press)
Trump May Announce Nominee for New Federal Reserve Chair Early Next Year
U.S. President Donald Trump said at a Cabinet meeting at the White House on December 2 that he is likely to announce the nominee for the next chair of the U.S. Federal Reserve early in 2026 to succeed the current chair, Jerome Powell, whose term will end in May 2026. Trump also confirmed on the same day that U.S. Treasury Secretary Janet Yellen has no intention of taking on the role of Federal Reserve chair. (Xinhua News Agency)
Starbucks Reaches $38.9 Million Settlement in Scheduling Case
Starbucks has reached a $38.9 million settlement in New York City over alleged violations of the Fair Workweek law. Additionally, U.S. Senator Bernie Sanders joined striking baristas in Brooklyn to show support for the labor action. (Sina Finance)
Boeing is expected to generate billions of dollars in cash flow next year
Boeing expects to regain its cash flow generation ability in 2026, which marks a significant turnaround in the financial situation of this aircraft manufacturer. Currently, Boeing is preparing to increase its monthly production capacity and advance the long - delayed certification work of the 777X airliner. (Sina Finance)
Nike Appoints Chief Operating Officer and Eliminates Chief Technology Officer Position
Nike announced on December 2nd local time that it has created a position of Executive Vice President and Chief Operating Officer, which will report directly to the CEO. Venkatesh Alagirisamy, the current Chief Supply Chain Officer, will officially assume the new position on December 8th. In addition to continuing to be responsible for supply chain, planning, operations, manufacturing, and sustainability matters, Alagirisamy will also lead the technology department. Additionally, the company has eliminated the position of Executive Vice President and Chief Technology Officer, and Muge Dogan will leave the company. (Jiemian News)
Going Public in Progress
Shenzhen Transsion Holdings
36Kr learned that documents from the Hong Kong Stock Exchange showed that Shenzhen Transsion Holdings Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange.
Beijing Wuyi Vision Digital Twin Technology Co., Ltd.
36Kr learned that according to documents from the Hong Kong Stock Exchange, Beijing Wuyi Vision Digital Twin Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation and Huatai International.
Youdi Robotics
36Kr learned that the China Securities Regulatory Commission issued the "Notification on the Filing of Overseas Issuance and Listing of Youdi Robotics (Wuxi) Co., Ltd. and the 'Full Circulation' of Unlisted Domestic Shares". The notice stated that the company plans to issue no more than 73,600,000 overseas-listed common shares and list them on the Hong Kong Stock Exchange. 33 shareholders of the company plan to convert a total of 237,232,625 unlisted domestic shares they hold into overseas-listed shares and make them tradable on the Hong Kong Stock Exchange.
Anker Innovations
36Kr learned that documents from the Hong Kong Stock Exchange showed that Anker Innovations Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation, Goldman Sachs, and JPMorgan Chase.
HD Technology
36Kr learned that according to documents from the Hong Kong Stock Exchange, Shenzhen HD Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CSC International as the sole sponsor.
The Forefront of AI
OpenAI's Altman Announces the Activation of a "Red Alert" to Improve ChatGPT
On December 1st local time, it was reported that Sam Altman, the CEO of OpenAI, informed employees in an internal memo that he would activate a "red alert" emergency state to improve ChatGPT and planned to postpone other projects such as the advertising business. The report cited sources familiar with the matter as saying that although OpenAI has not publicly admitted that it is promoting the advertising business, it has been testing various advertising forms, including online shopping ads. (Jiemian News)
Alibaba's Qwen-Image Updated, First Integrated into Qianwen App
36Kr learned that Alibaba has released an update to its image generation and editing model, Qwen-Image. The new model maintains higher consistency in image editing and has made breakthroughs in multi - view transformation, multi - image fusion, multimodal reasoning, etc. Currently, the new version of Qwen-Image has been first integrated into the Qianwen App, and users can use it for free an unlimited number of times.
OpenAI is developing the large language model "Garlic"
On December 2nd, it was reported that OpenAI is developing the large language model "Garlic". (Jiemian News)
Amazon Launches Cloud AI Tool
Amazon's cloud business unit announced on Tuesday the launch of an AI-driven software designed to help customers better understand and recover from failures. This AI tool from Amazon Web Services (AWS) is called DevOps Agent, which will use input data from third - party tools such as Datadog and Dynatrace to predict the causes of technical failures. AWS said that customers can sign up for a preview of the tool on Tuesday, and Amazon will charge for this service later. (Sina Finance)
Mistral AI Officially Launches Mistral 3 Model
On December 2nd, French artificial intelligence startup Mistral AI officially launched the Mistral 3 model. The Mistral 3 model includes three small dense models (14B, 8B, and 3B) and Mistral Large 3. All models are released under the Apache 2.0 open-source license. (Jiemian News)
KeLing AI Launches New Product "KeLing O1"
36Kr learned that on December 1st, KeLing AI officially launched its new product "KeLing O1", which is positioned as the first unified multimodal creative tool. KeLing O1 is based on a new video and image model, integrating multimodal inputs such as text, video, pictures, and subjects, and fusing all generation and editing tasks into an all - around engine.
Report: Yuanbao Ranks 7th on the List of Apps Preferred by the New Middle Class
36Kr learned that recently, the "2025 New Middle - Class Population Insight Report" released by QuestMobile shows that the scale of the new middle - class population in China has reached 278 million, with both consumption ability and willingness increasing simultaneously. It is worth noting that the AI tool "Tencent Yuanbao" ranks 7th on the list of apps preferred by the new middle class with 17.3851 million active users and an active penetration TGI of 227.91, becoming the only app on the list in the AIGC field.
Investment and Financing
"Anywit Robotics" Completes Pre-A Round Financing of Tens of Millions of Yuan
36Kr learned that "Anywit Robotics" has completed a Pre-A round financing of tens of millions of yuan. This round is invested by industrial capital including Didi Strategic Investment. The funds will be mainly used for the improvement of standardized emoji products and the upgrade and iteration of the emotional interaction model. Yunxiu Capital was the leading investor in the company's angel round and serves as the exclusive financial advisor for this round of financing.
ReaVis Completes Tens of Millions of Yuan in Series B Financing
36Kr learned that ReaVis, an AR display technology company, recently completed tens of millions of yuan in Series B financing. The financing will mainly be used to deepen the research and development of the "Parallel Vector Ghost-Free Technology" (PV technology), expand the scale of laboratories and production lines, and accelerate the large-scale application of HUD in multiple scenarios.
"Daimeng Robotics" Completes Hundreds of Millions Yuan Strategic Round of Financing
36Kr learned that the embodied robotics company "Daimeng Robotics" recently completed a strategic round of financing worth hundreds of millions of yuan. This is also the company's second round of financing within three months. This financing will accelerate the company's layout in frontier technology breakthroughs, new product R & D and mass production, VTLA model construction, team expansion, and global market development.
Cool Products
Li Auto Reaches Strategic Cooperation with Zeiss, to Launch Ideal AI Glasses "Livis" on December 3rd
36Kr learned that Li Auto officially announced a strategic cooperation with Zeiss and will hold the launch event of the Ideal AI glasses Livis at 19:30 on December 3rd, 2025.
Compiled | Bursting Tofu