8 o'clock, Yidian Zixun｜Bilibili refutes rumors of "full membership system"; Mixue Bingcheng launches a 7.9-yuan breakfast set; Apple launches a free 3-hour express delivery service for some products
Today's Hot Topics Guide
- A dog kennel travel case from Louis Vuitton is priced at about 5 million RMB.
- HEYTEA closed over 650 stores in a year.
- The "Jiutian" drone successfully completed its maiden flight.
- 12315 responded to the widespread price increase of mercury thermometers, stating it's a normal situation.
- Elon Musk confirmed that SpaceX will go public next year.
- Lu Weibing announced that Xiaomi will launch its self - produced central air conditioners.
Top 3 Big News
Bilibili Refutes Rumor That All Videos Require Membership to Watch, Will Hold Rumormongers Legally Accountable
On December 11th, a widely circulated screenshot claimed that starting from March 1st, 2026, all video resources on the platform (including anime, domestic original animations, movies, documentaries, original videos by UP owners, etc.) would require users to purchase a "Bilibili Video Membership" to watch in full. The basic danmaku function would also be synchronously bound to the membership privileges and only available to members. There would be no free full - length video resources on the platform. All video content such as anime, movies, documentaries, variety shows, and original submissions by UP owners could only be unlocked for full - length viewing by "Bilibili Video Members", who could also enjoy core functions such as basic danmaku viewing, sending, interaction, and danmaku blocking.
In response, Bilibili's customer service stated, "This message is false. We will hold the rumormongers legally accountable. Please do not easily believe or spread online rumors." (Caixin Technology)
Mixue Launches a 7.9 Yuan Breakfast Package Including Breakfast Milk and Bread
Recently, netizens in many places such as Hangzhou and Xi'an posted that Mixue has started selling breakfast. On the 11th, a reporter inquired through Mixue's official mini - program, located a store in Hangzhou, and found that a "Breakfast Series" had been added to the ordering interface. It covers four products: Five - Red Breakfast Milk, Five - Black Breakfast Milk, Corn Breakfast Milk, and Coconut Breakfast Milk, all priced at 5 yuan. A staff member at the store said that the breakfast was launched at the end of last month. Currently, there are only breakfast milk and bread. The package price is 7.9 yuan. The bread is a finished product from a certain brand, and there are three types in total. (Cover News, Qianjiang Video)
Apple Launches Free 3-Hour Express Delivery Service for Selected Products
Apple officially launched a free three-hour express delivery service (for selected products) in the Chinese mainland on December 10.
For in-stock items, when customers choose the faster three-hour express delivery option for selected orders (only available for certain addresses) on the Apple Store online store or the Apple Store app, products such as iPhone, iPad, Apple Watch, Macbook Pro, Macbook Air, or AirPods are eligible for free delivery. A shipping fee of 45 yuan will be charged for other products. Please refer to the information on the checkout page for details.
In addition, all customers are entitled to free shipping for all orders. Some orders also allow customers to pick up the items in person at the store. (Phoenix Tech)
Big Companies/Big Events
Heytea Closing Over 600 Stores in a Year Triggers Hot Debate
On December 11th, Heytea's closure of over 600 stores caught public attention and sparked a great deal of discussion on social media.
In October 2024, Heytea had a total of 4,610 stores nationwide; by October 2025, the total number of stores decreased to 3,930, with a net reduction of 680 stores in one year. According to statistics from Yilan Business, by October 2025, the total number of Heytea stores was 3,903, a decrease of 711 compared to 4,614 in the same period last year, a year - on - year decline of 15.41%. (Jiemian News)
A dog kennel suitcase from LV is priced at approximately 500,000 RMB
The Dog Lvers collection by Louis Vuitton (LV) was launched under the leadership of "Pharrell", Pharrell Williams, who was appointed as the Creative Director of Men's Wear in 2023. It offers a wide range of pet supplies that cover everything from head to toe and all aspects of a pet's life. The most talked - about item in the Dog Lvers Spring/Summer 2025 collection is a special - edition dog kennel suitcase priced at a staggering £52,500 (approximately 500,000 RMB). This sky - high - priced dog house comes with a roof, windows, a removable door, and an interior space that seems suitable for a dog to sleep in. The bag is covered with the LV logo, and the matching hardware nameplates and accessories are understated yet luxurious. The new product for Spring/Summer 2026 is a dog food bowl priced at 138,000 RMB. (Caixin.com)
12315 Responds to the Widespread Price Hike of Mercury Thermometers: It's a Normal Situation
Recently, there has been a "panic buying" wave of mercury thermometers in pharmacies across many places, leading to price increases. On December 11th, reporters interviewed several pharmacies, and the pharmacies stated that the rumored price hikes were true. On online shopping platforms, the prices of mercury thermometers range from about $10 to $20 per piece, and the price of individual products can exceed $50 per piece. There are hardly any stores running out of stock or taking the products off the shelves. A staff member of 12315 told reporters that the widespread price hike of mercury thermometers is due to market regulation and is a normal situation. (Sichuan Observation)
Lu Weibing Announces Xiaomi to Launch Self - produced Central Air Conditioners
On December 11th, Lu Weibing, the president of Xiaomi, announced that the Mi Home Central Air Conditioner Pro with dual wind wheels is about to be launched. This product is produced by the newly completed and put - into - operation Xiaomi Smart Home Appliance Factory. Lu Weibing said that in 2025, Xiaomi's major home appliances achieved multiple leaps in capabilities, including full - category high - end transformation, successful overseas expansion, and upgrading the air - conditioner's free repair service to ten years. The launch of the first self - produced central air conditioner will be another new starting point for Xiaomi's major home appliances. (Bailu Video)
Elon Musk Confirms SpaceX's IPO Plan for Next Year
Elon Musk, the founder of SpaceX, confirmed on X on December 11th, Beijing time, the news that "SpaceX plans to raise tens of billions of dollars through an initial public offering (IPO) next year." (Caixin Press)
The "Jiutian" UAV Successfully Completes Its Maiden Flight
It is learned from the Aviation Industry Corporation of China, Ltd. that the "Jiutian" unmanned aerial vehicle (UAV) has successfully completed its maiden flight mission in Pucheng, Shaanxi. As a large-scale general-purpose UAV platform independently innovated in China, this model adopts the design concept of "general platform + modular mission payloads". Relying on independent integrated technological innovation, it has core advantages such as large payload, high ceiling, wide speed range, and short takeoff and landing requirements. The aircraft is 16.35 meters long, with a wingspan of 25 meters. Its maximum takeoff weight is 16 tons, and its payload capacity reaches 6,000 kilograms. It has an endurance of 12 hours and a ferry range of 7,000 kilometers, with its performance indicators ranking among the top in similar products. The successful maiden flight marks a new breakthrough in China's large UAV technology. The "Jiutian" UAV was designed by the First Aircraft Design and Research Institute of the Aviation Industry Corporation upon the commission of Shaanxi Unmanned Equipment Technology Co., Ltd. (Xinhua News Agency)
Coca-Cola COO Henrique Braun to Become CEO
Coca-Cola announced on December 10th local time that the board of directors has elected Executive Vice President and Chief Operating Officer Henrique Braun as Chief Executive Officer. The appointment will take effect on March 31, 2026. Braun will succeed James Quincey, who will transition to Executive Chairman after serving as the company's CEO for nine years. (Jiemian News)
Administrative investigation into Louvre robbery reveals 'dysfunctional operation' at museum
The French Senate held a hearing on December 10 regarding the administrative investigation report into the Louvre robbery that took place in October. The preliminary results show that the museum has "dysfunctional operation" issues such as insufficient external monitoring equipment, outdated security control room facilities, and inadequate internal coordination within the institution. Ultimately, this led to the missed crucial opportunity to prevent the suspect from escaping. (Xinhua News Agency)
US Plans to Require Visa - Free Foreign Tourists to Disclose Social Media Records
On December 10th local time, an official announcement showed that the Trump administration plans to require visa - free foreign tourists to disclose their social media history over the past five years before entering the United States. This proposal was published in the Federal Register on the 9th and will apply to visa - free tourists from 42 countries, including the UK, France, Australia, and Japan. Currently, these tourists only need to apply for an exemption called the "Electronic System for Travel Authorization" (ESTA), but the system still requires them to provide certain personal information. (CCTV News)
The EU Plans to Postpone the Ban on New Fuel-Powered Cars by Five Years, Giving the Green Light to Plug-in Hybrid and Extended-Range Electric Vehicles
The EU is considering postponing its plan to completely ban the sale of new internal combustion engine vehicles, originally set for 2035, by five years. This adjustment comes after intense lobbying from major automobile manufacturing countries such as Germany and Italy. According to people familiar with the matter, the European Commission will announce a revised plan for the automotive industry's decarbonization rules next week. Governments of multiple countries and automobile companies believe that the current pace of transitioning to pure electric vehicles is too aggressive and may endanger the survival of this core industry in Europe. The new plan proposes to allow plug-in hybrid vehicles and extended-range electric vehicles to continue to be sold for up to five years after 2035, provided that these vehicles must use advanced biofuels or “e-fuels” (synthesized from captured carbon dioxide and renewable electricity) and adopt green steel in the manufacturing process. (Cailian Press)
UN Launches the "Decade of Sustainable Transport" and Its Implementation Plan
The United Nations held a special meeting on December 10 local time to launch its first "United Nations Decade of Sustainable Transport (2026 - 2035)" and its supporting implementation plan. The implementation plan for the "United Nations Decade of Sustainable Transport" has identified six interrelated priority areas, including ensuring universal access to sustainable transport, promoting low - carbon or zero - carbon and environmentally friendly transport systems, facilitating sustainable connectivity and logistics, shaping people - centered urban transport, ensuring traffic safety, and leveraging science, technology, and innovation to drive sustainable transport. (Xinhua News Agency)
Apple Wins Partial Sanction Reversal in Epic Games Antitrust Case
On December 11, Apple convinced a U.S. appeals court to reverse a court order that required it to make some competitive adjustments to its lucrative App Store, but failed to overturn a broader injunction. The U.S. Court of Appeals for the Ninth Circuit in San Francisco ruled in a lawsuit filed by Epic Games (the developer of "Fortnite") that some of the contempt-of-court orders imposed on Apple by a judge in April, after finding the company in violation of a previous ruling, were too broad and must be modified. However, the appeals court upheld most of the contempt findings and an earlier injunction issued against Apple. (Sina Finance)
Lululemon Has Been Under Performance Pressure for Over a Year, CEO McDonald to Step Down
The sports and leisure brand Lululemon announced on Thursday that Chief Executive Officer Calvin McDonald will officially step down on January 31. Prior to this, the company had experienced poor performance for over a year. The company said in a press release that the board is working with a "top executive search firm" to find a new CEO. McDonald will remain as a senior advisor until March 31 to facilitate a smooth transition. (Sina Finance)
FilmStorm Enters AliExpress.com and Uses AI Agents for Overseas Business
36Kr learned that the team of the domestic video blogger "FilmStorm" stated in a program that they have entered AliExpress.com, the world's largest B2B platform for going global, and are fully applying AI to expand overseas markets. 36Kr exclusively learned that FilmStorm's overseas store has received cooperation intentions from customers in more than 30 countries. It is reported that the FilmStorm team has used multiple AI agents on the platform to translate the information of the products they previously sold on domestic e - commerce platforms with one click, generate multilingual introductions and promotional videos suitable for overseas markets, and automatically decorate the store, quickly opening an overseas store. At the same time, when receiving overseas customers, FilmStorm also makes extensive use of the platform's AI agents for auxiliary reception.
Huawei, Alipay, and China Mobile Internet Collaborate to Lay Out the AI + 5G New Call DC Ecosystem
On December 10th, Huawei, Alipay, and China Mobile Internet officially signed a cooperation agreement to jointly kick off the intelligent communication era of "call as a service." This cooperation marks that the three parties will deepen the joint innovation of the AI + 5G new call DC ecosystem scenarios and promote the evolution of traditional calls towards intelligence and service orientation. Among them, China Mobile Internet will rely on China Mobile's nationwide 5G new call network and large user base to provide stable and reliable communication support and product operation; Alipay will integrate its rich digital life ecosystem capabilities to jointly create intelligent service scenarios; Huawei will provide leading communication technology solutions and extensive terminal adaptation support. The joint efforts of the three parties aim to jointly build a new - type call service platform that is open, intelligent, and secure. (Securities Times)
Reports say Samsung is recruiting engineers to prepare for the production of Tesla's AI5 chips in the United States
It is reported that Samsung is accelerating its preparations for the production of AI5 chips in the United States. Recently, it has recruited a group of experienced engineers for its customer engineering team. This team will assist in solving complex wafer foundry problems, stabilizing the production yield, and ensuring the smooth progress of the manufacturing process for this new project. This large - scale recruitment indicates that Tesla's AI5 project is advancing rapidly within Samsung. Previously, Samsung and TSMC jointly won Tesla's chip order and became one of the two designated suppliers of the AI5 chips. (Cailian Press)
Trump Says Warner Bros. Deal Should Include Sale of CNN
US President Donald Trump has hinted that he will oppose any Warner Bros. Discovery deal that doesn't involve new ownership of CNN, suggesting potential uncertainties for Netflix's acquisition plan. Trump said during a meeting with business leaders at the White House on December 10, "I think any deal should ensure and confirm that CNN is part of the deal or sold separately." (Sina Finance)
The installation volume of HarmonyOS version of WeChat has exceeded 27 million times, and it already supports sending and viewing Live Photos.
On December 11th, the Moments feature in the HarmonyOS version of WeChat already supports sending and viewing Live Photos. As of now, the installation volume of the HarmonyOS version of WeChat has exceeded 27 million times, and it already supports major functions such as basic communication, social interaction, WeChat Pay, official accounts, mini-programs, video accounts, and live streaming. (Jiemian News)
Kuaishou Unveils New Policy for Animated Dramas: Individual Creators Can Get Up to 10,000 Yuan in Cash Incentives per Drama
36Kr learned that on December 10th, Kuaishou released the latest incentive policy for animated drama production agencies and individual creators. For high - quality dramas premiered simultaneously on the Kuaishou platform and across the entire network, production agencies will have the opportunity to receive an additional advertising rebate of up to 4% and a cash incentive of up to 20,000 yuan. Individual creators who upload new dramas through their native accounts on the Kuaishou Short Drama Operator Platform will have the chance to get a cash incentive of up to 10,000 yuan. It is understood that as of December, the daily consumption of Kuaishou's animated dramas has reached 7 million yuan, and the revenue - sharing scale of animated dramas is also rapidly increasing. 99% of the platform's revenue will go to the partners.
Google May Face EU Fines for Alleged Violations of Google Play Rules Without Further Concessions
According to reports, sources revealed that Google is expected to be fined by the EU for Google Play's violation of EU rules. The fine measures may be introduced in the first quarter of 2026, and Google may make more adjustments to avoid the fine. (Jiemian News)
JPMorgan Chase to Provide $1,000 Subsidy to Employees Earning Less Than $80,000 Annually
An internal memo shows that JPMorgan Chase will offer a special allowance of up to $1,000 to employees worldwide who earn less than $80,000 annually. JPMorgan Chase CEO Jamie Dimon said in the memo that employees must have worked at JPMorgan Chase for at least one year by December 31, 2025, to be eligible for this allowance, which will be distributed in early 2026. (Sina Finance)
The total market value of Pien Tze Huang has evaporated by 188.9 billion yuan from its peak, and its highest market value once exceeded 290 billion yuan
Well - known investor Lin Yuan recently appeared at the first extraordinary general meeting of shareholders of Pien Tze Huang in 2025. When asked if he still insisted on not selling a single share of Pien Tze Huang stocks, Lin Yuan responded, "Why would I sell it?" He also said, "I think (Pien Tze Huang) is a great thing that's hard to come by." On October 28, according to Shanghai Securities News, Lin Yuan said that he is a consumer of Pien Tze Huang, and so is his mother. Such investment targets are rare in the global market.
In 2021, the market value of Pien Tze Huang once exceeded 290 billion yuan. As of the close on December 9, 2025, its stock price was 167.53 yuan per share, having fallen by more than 60% cumulatively from the peak in December 2021. The latest total market value is 101.1 billion yuan, which has evaporated by 188.9 billion yuan from the peak. (National Business Daily)
Switzerland Launches Antitrust Probe into Apple Devices' NFC Function Access
The Swiss Competition Commission (COMCO) announced on December 11 that Swiss application providers can access the NFC and SE platforms on Apple's iOS devices. The secretariat of the Swiss Competition Commission is investigating whether the terms and conditions set by Apple when granting this access may raise concerns under competition law. The Swiss Competition Commission said that the secretariat has launched a preliminary investigation to assess whether Apple has violated Swiss antitrust laws and to investigate whether other providers of mobile payment applications can effectively compete with Apple Pay for contactless payments using iOS devices in stores. (Jiemian News)
Zhu Lidan, a close associate of Zong Fuli, withdraws from two more companies, and Yan Xuefeng steps down as supervisor of one company
On December 9th, industrial and commercial changes took place in Baishan Hongsheng Beverage Co., Ltd. Zhu Lidan stepped down as legal representative and general manager, and was succeeded by Xu Simin. The company was established in September 2002 with a registered capital of US$13.8 million. Zong Fuli is a director of the company. Its business scope includes beverage production, food sales, production and sales of plastic packaging containers and tools for food, etc. It is jointly held by Shengjia Group Co., Ltd., Hangzhou Wahaha Group Co., Ltd., and Wahaha Commercial Co., Ltd.
On the same day, industrial and commercial changes also took place in Hefei Wahaha Beverage Co., Ltd. Zhu Lidan stepped down as legal representative and general manager, and Sheng Wenlong succeeded as legal representative and served as the manager. At the same time, Yan Xuefeng stepped down as the supervisor of the company. The company was established in July 2006 with a registered capital of US$16 million. Zong Fuli is a director of the company. Its business scope includes beverage production, dairy product production, food production, food sales, etc. It is jointly held by Ronghui Investment Co., Ltd. and Lishui Shengjia Beverage Co., Ltd. (Jiemian News)
Going Public in Progress
Kidswant
36Kr learned that Kidswant announced that the company submitted an application on December 10, 2025, to The Stock Exchange of Hong Kong Limited (hereinafter referred to as "HKEX") for the issuance of overseas listed foreign shares (H shares) and listing on the Main Board of HKEX (hereinafter referred to as "this issuance and listing"), and published the application materials for this issuance and listing on the HKEX website the next day.
JD Industry Co., Ltd.
36Kr learned that JD Group announced that the board of directors is pleased to announce that after the completion of the global offering, JD Industry Co., Ltd. was listed on the Main Board of The Stock Exchange of Hong Kong Limited on December 11, 2025, and trading of JD Industry shares commenced on the Main Board of The Stock Exchange of Hong Kong Limited at 9:00 a.m. on December 11, 2025.
Mingming Busy is very busy
36Kr learned that the China Securities Regulatory Commission issued the "Notice on the Filing of Overseas Issuance and Listing and the 'Full Circulation' of Unlisted Domestic Shares of Hunan Mingming Busy Commercial Chain Co., Ltd.", and the listing filing of Mingming Busy has been approved.
Impression Da Hong Pao
36Kr learned that documents from the Hong Kong Stock Exchange showed that Impression Da Hong Pao Co., Ltd. has passed the listing hearing of the Hong Kong Stock Exchange.
The Cutting - Edge of AI
Meta Fully Shifts to Closed - Source Models: Incorporating Technological Achievements from Google, OpenAI, and Alibaba
On December 10th, Beijing time, after months of assembling a team that has cost more than any other in the history of technology, Meta CEO Mark Zuckerberg began to personally get involved in daily operations and pushed the company's strategic focus towards artificial intelligence models that can be commercially monetized. According to insiders, a new model codenamed Avocado is expected to be officially launched next spring, and it is highly likely to be released in a closed - source mode. The insiders said that during the training process of the Avocado model, TBD Lab incorporated the technological achievements of multiple third - party models, refining and integrating the competing technologies, including Google's Gemma model, OpenAI's gpt - oss, and Alibaba's Tongyi Qianwen (Qwen) model. (Sina Finance)
OpenAI Releases Latest Upgrade Version of GPT
The U.S. OpenAI research center released the latest upgrade version, GPT-5.2, of its artificial intelligence model GPT on the 11th to cope with the increasingly fierce competition in the field of generative AI. In response to the outstanding performance of Google's AI model Gemini 3 released in November, OpenAI CEO Sam Altman recently issued a "red alert" to accelerate the release of the upgraded version of GPT. After OpenAI launched GPT-5 in August this year, it released the upgraded version GPT-5.1 in November, and now it has been updated again in less than a month. The industry believes that this move highlights the competitive pressure currently faced by the AI industry. (CCTV News)
Rivian Develops AI Chips to Replace NVIDIA Products in Future Models
Rivian, known as a "formidable rival to Tesla," is developing AI chips to replace NVIDIA products in its future models. The performance of its AI platform is four times that of the previous NVIDIA systems. (Cailian Press)
Youdao AI Q&A Pen Space X Completes a Major Version Upgrade
36Kr learned that NetEase Youdao announced that its AI-native learning hardware, the "Youdao AI Q&A Pen Space X," has completed a major version upgrade, with the debut of core features such as "Panoramic Jigsaw" and "Guided Q&A." It is understood that the sales volume of the Youdao AI Q&A Pen increased by 98% quarter-on-quarter in the third quarter of 2025.
"AI Kongming" Pharmaceutical Platform Launched in Beijing
36Kr learned that on December 11th, the Global Health Drug Discovery Institute (GHDDI) successfully held the event themed "AI Kongming: Steering the Future of New Drug Development" in Beijing, officially launching the AI platform "AI Kongming", which is independently developed in China and enables intelligent design throughout the entire drug development process.
Ant Digital Technology Upgrades the "Stellar Wave Plan" and Collaborates with 300 Partners to Accelerate the Implementation of the AI Industry
On December 11th, Ant Digital Technology released its AI report card at the ecological partners conference. Data shows that in 2025, Ant Digital Technology had established in - depth cooperation with 300 partners to jointly serve over 13,000 end - customers. Based on the whole - year practice and partners' feedback, Ant Digital Technology officially upgraded its partner program at the conference and launched the "Stellar Wave Plan". It will enhance partners' capabilities from four dimensions: technological empowerment, operational support, business opportunity sharing, and financial support, and promote the all - round upgrade of the ecosystem.
Investment and Financing
“Youlian Intelligence” Completes $5 Million Angel Round of Financing
36Kr learned that on December 11th, “Youlian Intelligence” announced that it had completed a $5 million angel round of financing. This round was led by Sensetime Guoxiang Capital and followed by China Merchants Bank International, with Gengxin Capital China acting as the financial advisor. The financing funds will be mainly used for the R & D investment, engineering verification, and mass - production system construction of the company's embodied intelligent brain domain control system, motion control system, and 800V AI data center power supply system.
"Kua Kua Jing Ling" Completes New Round of Financing Agreement Signing
36Kr learned that the service provider for digital employees and enterprise digital innovation has recently officially completed a new round of financing agreement signing. The investor in this round is a fund under CICC Capital. According to people close to the deal, the agreement was officially signed and the funds were transferred recently.
“Syneron Bio” Completes Nearly $100 Million in Series A and Series A+ Rounds of Financing
36Kr learned that “Syneron Bio,” a macrocyclic peptide drug R & D company driven by an intelligent platform, has successively completed nearly $100 million in Series A and Series A+ rounds of financing. This round of financing was led by AstraZeneca, the AstraZeneca CICC Healthcare Industry Fund, and leading healthcare funds. Institutions such as Pfizer Biotech Development Investment Fund, GL Ventures of Hillhouse Capital, Matrix Partners China, Sinovation Ventures, Legend Capital, Gree Industrial Investment, and Xinneng Venture Capital participated in the investment. This round of financing will support the company to further enhance the R & D capabilities of its intelligent high - throughput macrocyclic peptide R & D platform Synova™ and provide financial support for advancing multiple pipelines into the clinical stage.
Cool Products
DingTalk Version 8.1.10 Launched: AI Can Automatically Reply to Colleagues' Chats
36Kr learned that recently, DingTalk Version 8.1.10 was officially released and launched. In this version, the upgrades of the Listening and Recording AI Q&A and the DingTalk A1 Recording Card have both been implemented. Additionally, a new AI Smart Reply feature has been launched in the DingTalk chat box, which can automatically reply to colleagues' chats.
Huawei Launches New HarmonyOS Computer, the Huawei Qingyun HM740
36Kr learned that Huawei has officially launched a new-generation HarmonyOS computer, the Huawei Qingyun HM740. It supports an upgrade to the HarmonyOS Enterprise Edition Beta operating system. It is equipped with a 2.8K resolution OLED screen, features Wi-Fi 7, and adopts 3D stereoscopic metamaterial antenna technology, capable of achieving a super-long-distance connection of up to 420 meters in an open environment.
Compiled | Chenxi