Krypton Evening News: Zhou Jingren Joins Alibaba Partners, Tongyi Lab Adjusts for Competition; Meituan Shifts AI Focus, PAN Xin Joins; Pop Mart Appoints WU Yue as Non-Executive Director

Did Unitree and Zhipu compete for the Spring Festival Gala sponsorship at a high price? Zhipu Robotics responded: It's not true.

Large companies:

Xiaomi Group: Repurchased 2.4 million Class B shares for approximately HK$100 million today

36Kr learned that documents from the Hong Kong Stock Exchange show that Xiaomi Group repurchased 2.4 million Class B shares for approximately HK$100 million on December 10. The repurchase price per share ranged from HK$41.82 to HK$41.92.

Pop Mart: Appoints Wu Yue, President of LVMH Greater China Group, as Non-Executive Director

36Kr learned that Pop Mart announced on the Hong Kong Stock Exchange that He Yu has resigned from his position as a non-executive director of the company due to other work arrangements, effective December 10, 2025. Wu Yue, President of LVMH Greater China Group, has been appointed as a non-executive director of Pop Mart, effective December 10.

Luckin Coffee Sets Up New Company in Yunnan with a Registered Capital of $10 Million

36Kr learned that according to the Aiqicha App, recently, Luckin Coffee (Yunnan) Co., Ltd. was established. The legal representative is Xia Wei, and the registered capital is $10 million. Its business scope includes food sales, food production, catering services, tea product production, etc. Shareholder information shows that the company is wholly owned by Luckin Coffee Trading (Hong Kong) Co., Ltd.

Zhou Jingren Becomes an Alibaba Partner, Tongyi Lab Continues to Adjust to Face Fierce Competition

Zhou Jingren, the CTO of Alibaba Cloud and the head of Tongyi Lab, recently became a partner of Alibaba. The partner team is Alibaba's highest collective decision - making body. In June this year, the Alibaba partner team underwent a significant reduction, with the number dropping to 17, the lowest since its listing. One of the key factors for Zhou Jingren to become an Alibaba partner is that the Tongyi Lab he is in charge of has worked hard to maintain the leading position of the Qwen model in the past year. Alibaba's management highly commended him, saying "this is very difficult". (LatePost)

Qianwen App Freely Unveils Four New Features, Including AI PPT

On December 10th, Qianwen App launched four new features for all users in the first batch: AI PPT, AI Writing, AI Library, and AI Problem - Solving. In addition to the above - mentioned office and learning functions, Alibaba revealed that it is gradually integrating various life scenarios such as maps, food delivery, ticket booking, shopping, and health into Qianwen. Data shows that since the public beta on November 17th, Qianwen's monthly active user count (including App, Web, and PC versions) has exceeded 30 million in just 23 days, making it the fastest - growing AI application globally at present.

Fliggy: In 2025, the number of car rental users increased by nearly 30% year-on-year, and the average rental period per person exceeded 6 days

36Kr learned that on December 10th, the "Self-driving Car Rental Travel Report" in Fliggy's 2025 New Travel Insights series showed that in 2025, the number of car rental orders on the platform maintained a strong growth trend. The scale of post-90s users continued to expand, accounting for nearly 50%; the growth rate of post-00s users was even faster, with the number of orders increasing by nearly 40% year-on-year. Fliggy data shows that in 2025, the number of car rental users increased by nearly 30% year-on-year, and the average rental period per person exceeded 6 days.

Nissan Collaborates with UK's Wayve to Develop Autonomous Driving Technology

Nissan Motor Co., Ltd. announced on the 10th that in order to enhance the functions of the next - generation version of its self - developed driver assistance system "ProPILOT", it will cooperate with UK startup Wayve Technologies, which is developing autonomous driving technology using artificial intelligence (AI). The goal is to enable hands - free driving on urban roads and highways. Nissan plans to equip this system on new vehicles after fiscal year 2027. It will first be launched in Japan and then expanded to overseas markets such as North America. (Caixin)

Meituan Shifts Focus in AI, with Pan Xin, Former Head of ByteDance's Visual Model AI Platform, Joining

36Kr has exclusively learned from multiple sources that Pan Xin, former partner of Flash Extreme AI and former head of ByteDance's visual large - model AI platform, has recently joined Meituan. Pan Xin once served as a researcher at Google DeepMind and promoted the development of TensorFlow's dynamic graph mode. After returning to China, he worked at Baidu, Tencent, and ByteDance successively. 36Kr has exclusively learned that after joining Meituan, Pan Xin is responsible for multimodal AI innovation work and has led the development of several related applications such as the LongCat App.

Investment and Financing:

"Mais Topology" Completes a New Round of Financing

36Kr learned that "Mais Topology" recently announced the completion of nearly 100 million yuan in angel - round financing. This round was led by Zhongke Chuangxing, with Shuri Chenxing and Zhengjing Capital participating as follow - on investors. Index Capital served as the exclusive financial advisor. The financing funds will be mainly used for the construction of the company's medical isotope production base in Mianyang and the installation and commissioning of equipment, aiming to achieve the commercial supply of innovative alpha - emitting and beta - emitting nuclides such as Ac - 225, Pb - 212, and Cu - 67 by the end of 2026.

New Products:

Alibaba Cloud Officially Launches Function Compute AgentRun

36Kr learned that on December 10th, Alibaba Cloud officially launched Function Compute AgentRun. According to the introduction, this is an all - in - one Agentic AI infrastructure platform. It deeply integrates the features of Serverless, such as extreme elasticity, zero - maintenance, and pay - as - you - go, with AI native application scenarios, helping enterprises optimize costs and efficiency, and reducing the average TCO by 60%.

Today's Views:

Are Unitree and Zhipu competing for the Spring Festival Gala sponsorship at high prices? Zhipu Robotics responds: It's not true

On December 10th, there were reports that a group of embodied intelligence companies were vying for the sponsorship rights of the 2026 Spring Festival Gala of China Media Group. Currently, the competition between Zhipu and Unitree is the most intense. In order to compete for the rights and interests of the largest sponsor, Zhipu Robotics offered 60 million yuan first, while Unitree Technology directly raised the bid to 100 million yuan. In response, Zhipu Robotics stated that "it's not true." Unitree has not made any public statements yet. (Jiemian)

Other news worthy of attention:

Expansion of Shanghai Qiantan Taikoo Li: Two Super Grade-A Office Buildings to Be Built

36Kr learned that Swire Properties announced today the launch of "Qiantan Place", which is expected to be completed by the end of 2026. Jointly developed by Swire Properties and Lujiazui Group, the project comprises two super grade-A office buildings, "One Qiantan Place" and "Two Qiantan Place", and is part of the office building component of the expanded Qiantan Taikoo Li integrated development project.

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