At 8:00, Yike Report: The hotel in question responds after being accused by Luo Yonghao of charging exorbitant prices and "maltreating guests"; The average age of the national labor force has reached 39.66 years; Elon Musk may become the world's first trillionaire.

Today's Hotspot Guide

Huayi Brothers Suffers a Massive Loss of 8.2 Billion in 7 Years, with Total Market Value Less Than One-Tenth of Its Peak

Moutai to Introduce Quantity Control Policy

The World's Largest Automotive Safety Testing Center Put into Use

Sources Say NVIDIA Considering Increasing Production of H200 Chips

OpenAI Adjusts Compensation Policy to Prevent Brain Drain of AI Talents

Top 3 Big News

Luo Yonghao Blasts Hyatt Place Hotels for "Harming Guests", Hotel Staff Responds

After criticizing the issue of pre - prepared dishes at Xiabei, Luo Yonghao turned his fire on a hotel. Recently, blogger @Shaobing Chaomian Jidan Tang posted on a social platform that he booked a room at a Hyatt Place hotel under the Hyatt brand at a daily rate of over 1,300 yuan. Due to multiple problems in the room, such as the inability to adjust the air - conditioning temperature, water leakage in the bathroom, and abnormal noises from the water pipes, he only slept for a total of 7 hours in two days. What made him even more dissatisfied was that the hotel had prepared electric fans in advance to deal with the air - conditioning problem, and the repairman also said that the noise problem had existed for half a year, but no risks were indicated during the booking process.

Subsequently, Luo Yonghao reposted the post and commented, "Hyatt Place hotels clearly know that the rooms have various problems (each problem is serious enough to prevent guests from resting properly), but they still list the rooms on Ctrip. Every time a dispute arises, they try to muddle through with small favors. They charge over a thousand yuan a day to harm unsuspecting guests, making them stay in a room where they can't sleep. If it weren't for being really swamped recently..."

On December 14th, Jiemian News called Hyatt Place hotel as a consumer to inquire about the relevant complaints. A hotel staff member said that regarding the incident reported online, the senior management is currently handling it, and she is not very clear about the specific progress. However, she mentioned that if guests really think the noise in the hotel is too loud, they can contact the front desk to help change rooms. Regarding the issue of not being able to adjust the temperature of the central air - conditioning, another hotel staff member said that the hotel turned on the heating mode of the central air - conditioning a month ago, and temperature adjustment can only be done within this mode. It is not possible to set the cooling temperature for the time being. As for whether there is a corresponding compensation mechanism if problems are found in the room after check - in, the staff member also said that guests can contact the front desk for assistance. (Jiemian News)

China Human Capital Report: The average age of the national labor force reaches 39.66 years old

China's aging process is gradually moving towards a mature stage. While the number of the national labor force continues to decline, the average age of the labor force is also rising. On December 14th, the Center for Human Capital and Labor Economics Research at Central University of Finance and Economics released the "China Human Capital Report 2025". The data shows that in 2023, the average age of the national labor force was 39.66 years old. Among them, the average age of rural men was 41.60 years old, the average age of rural women was 39.06 years old, the average age of urban men was 40.26 years old, and the average age of urban women was 38.07 years old. From 1985 to 2023, the average age of the Chinese labor force increased from 32.25 years old to 39.66 years old. Among them, the average age in urban areas rose from 33.03 years old to 39.25 years old, and in rural areas, it rose from 31.99 years old to 40.54 years old. (Yicai Global)

Elon Musk May Become the World's First Trillionaire, and SpaceX May Go Public Next Year

Recently, in an interaction with technology media on social media, Elon Musk revealed that his space exploration technology platform, SpaceX, may go public soon. Bloomberg reported this week that SpaceX is seeking to go public in the second half of next year, with a target valuation of about $1.5 trillion. This valuation would rival the record of about $1.7 trillion set by Saudi Aramco in 2019. According to the Bloomberg Billionaires Index, Musk holds approximately 42% of SpaceX's equity. This means that Musk is expected to become the world's first "trillionaire." (CCTV Financial)

Large Companies/ Major Events

Huayi Brothers Suffered a Massive Loss of 8.2 Billion Yuan in 7 Years, with a Total Market Value Less Than One-Tenth of Its Peak

Recently, Huayi Brothers Media Corporation and its legal representative, Wang Zhongjun, have been added to a list of restricted consumers in a case involving an advertising contract dispute. The applicant is Beijing Tai Ruifeike Technology Co., Ltd., and the enforcing court is the Chaoyang District People's Court of Beijing. The case process information shows that the company had previously been subject to enforcement actions amounting to more than 11.4 million yuan. The latest third-quarter financial report shows that Huayi Brothers achieved operating income of 62.5956 million yuan in this quarter, a year-on-year decrease of 31.61%. The net loss attributable to shareholders of the listed company was 39.462 million yuan, and the basic earnings per share was -0.01 yuan. According to Jiemian News, from 2018 to 2024, Huayi Brothers accumulated losses of more than 8.2 billion yuan in 7 years. In the capital market, Huayi Brothers' stock price has been continuously declining in recent years. As of the close on the 12th, it was reported at 2.23 yuan, with a total market value of only 6.187 billion yuan, less than one-tenth of its peak. (China News Service and Jiemian News)

The State Administration for Market Regulation Issues a Document Banning Loss - making Car Sales

The State Administration for Market Regulation has issued the "Compliance Guidelines for Price Behaviors in the Automobile Industry (Draft for Comment)", stipulating that except for legally reducing prices to dispose of overstocked goods, automobile manufacturers shall not set the ex - factory price below the production cost in other ways; mandatory price tagging is required, and vehicle configurations, prices, and promotion rules must be prominently marked, and additional charges are strictly prohibited; sellers must specify the specific delivery date in the contract and be responsible for any breach of contract. Automobile manufacturers such as Great Wall, Changan, XPeng, BAIC, and BYD have stated their support, promising to optimize price management and eliminate price fraud. BYD said it will improve its compliance system based on the guidelines and play a leading and exemplary role. (Kuaikeji)

Moutai to Introduce Quantity Control Policy

On December 13th, according to Xiao Zhuqing, a commentator on the Chinese liquor industry, Kweichow Moutai has recently introduced a quantity control policy covering two dimensions: short - term burden reduction and medium - to - long - term structural reform. In terms of short - term measures, within December 2025, Kweichow Moutai will stop distributing all Moutai products to dealers (pre - payments have been completed) until January 1st, 2026, and will resume at an appropriate time. Xiao Zhuqing analyzed that this move aims to directly relieve the burden on dealers during the period when dealers are short of funds at the end of the year, preventing them from panic selling to repay loans or pay for new goods. In terms of medium - to - long - term structural reform, in 2026, Kweichow Moutai plans to significantly reduce the quotas for non - standard products, reducing the supply of products that shrink the profit of the distribution channels from the source. As of now, Kweichow Moutai's official has not announced relevant content regarding the above situation. (People's Financial News)

Songyan Power Secures Order for 1,000 Bumi Humanoid Robots

On December 14th, Songyan Power and Huichen Co., Ltd. reached a strategic cooperation, and the two parties signed an order for 1,000 Bumi humanoid robots under Songyan Power. Bumi is a lightweight robot less than 1m in height. It was officially put on sale on October 23rd this year, with a pre - sale price of 9,998 yuan. According to Songyan Power, it has currently received thousands of pre - sale orders. (Sina Finance)

CCTV Exposes the Scam of "Canceling Automatic Deduction", and Never Authorize Strangers to Remotely Control Your Phone

According to CCTV Financial News, when you are browsing short videos, if you suddenly receive a call from a so - called "official customer service" saying that you have activated a high - cost automatic deduction service and need to urgently cancel it, you should be careful. Recently, two similar fraud cases occurred successively within two days in Qianxian County, Shaanxi Province. The scammers pretended to be official customer service of short - video platforms, created panic by saying "2,000 yuan will be automatically renewed every month", and induced the elderly to download remote control software in an attempt to steal money. Ms. Liu and Ms. Chen were scammed one after another, and their phones were remotely controlled and went black. Fortunately, the police quickly intervened through the anti - fraud early - warning system, and in cooperation with village cadres, they disconnected the Internet, removed the SIM cards, and urgently froze the bank cards, preventing losses of more than 110,000 and 80,000 yuan respectively.

The police reminded that this kind of fraud is precisely targeted at people who are not familiar with online operations. Keep in mind the three - no principles: don't believe strange calls, don't install strange software, and don't disclose your bank card number/password/verification code. Never authorize others to remotely control your phone. (CCTV Financial News)

Was Doubao Phone Summoned by Regulatory Authorities? Person with Knowledge of the Matter: The News is False

Recently, there were reports claiming that regulatory authorities had summoned relevant officials from ByteDance due to concerns about network security, data security, and potential competition issues. On December 13th, in response to the above - mentioned reports, a person with knowledge of the matter told reporters that the news was false. ByteDance has issued multiple public statements explaining the security of the Doubao Phone Assistant. (The Paper)

FAW-Volkswagen Launches Trial Production of New Models in Tianjin

According to Tianjin Daily, FAW-Volkswagen Automobile Co., Ltd. will start mass production of two new models in Tianjin next year. On December 13th, it was learned from FAW-Volkswagen Automobile Co., Ltd. Tianjin Branch (hereinafter referred to as FAW-Volkswagen Tianjin Branch) that the AU336 model of the above two new models has officially entered the trial production stage. (Sina Finance)

The World's Largest Automotive Safety Test Center Put into Use

Recently, the world's largest automotive safety test center was put into use in Ningbo, Zhejiang. This center holds multiple Guinness-certified world records. It not only has the largest floor area in the global automotive test and verification field but also boasts the most comprehensive testing functions. (CCTV.com)

With a total of over 200 billion yuan, six state-owned large banks have successively started the distribution of mid-year dividends for 2025

According to the Financial Times, with a total of over 200 billion yuan, six state-owned large banks have successively started the distribution of mid-year dividends for 2025. After reviewing the announcements of each bank, reporters found that in this mid-year dividend distribution, the dividend payout ratios of the six major banks all remained at 30% or more of their net profits attributable to shareholders. Encouraged and guided by policies, more and more listed banks, led by the six state-owned large banks, have begun to conduct mid-year dividend distributions. Industry experts believe that mid-year dividend distributions can enhance investors' confidence in bank stocks, maintain good investor relations, and cultivate the concept of long-term value investment. (Financial Times)

All three extension proposals of Vanke failed to pass, and there is still a grace period of 5 working days

An announcement on December 13 showed that all three extension proposals at the holders' meeting of Vanke's "22 Vanke MTN004" failed to be effectively passed. The core extension rule for all was to extend the maturity by one year without paying principal and interest during the period, with the difference lying in the credit enhancement arrangements. Proposal 1 had no credit enhancement, and no one agreed; Proposal 2 involved credit enhancement and adjustment of principal and interest repayment, and was approved by 83.40%; Proposal 3 only got one vote in favor. Vanke still has a 5 - working - day grace period for negotiations. (Sina Finance)

The scale of the core artificial intelligence industry is expected to exceed one trillion yuan in 2025

On December 14th, it was learned from the China Academy of Information and Communications Technology that since the beginning of this year, the artificial intelligence industry in China has shown an accelerating development trend. The scale of the core artificial intelligence industry is expected to exceed one trillion yuan in 2025. Data shows that since the beginning of this year, the application of large models in the production and manufacturing sector has increased significantly, with the proportion of application cases rising from 19.9% last year to 25.9%, driving the rapid growth of the artificial intelligence industry scale. (CCTV News)

Lululemon's market value evaporated by $25 billion in one year, and the CEO resigns

As of now, Lululemon's stock price has fallen 46.40% this year, and its market value has evaporated by approximately $25 billion. The market and investors are full of concerns about Lululemon's future. On December 11th local time, Lululemon announced on its official website that Calvin McDonald, who has served for more than seven years, will resign as the Chief Executive Officer. This decision will take effect on January 31, 2026. To ensure a smooth transition, Calvin McDonald will serve as a senior advisor to the company until March 31, 2026. On the same day, Lululemon also released its financial report for the third quarter of fiscal year 2025. After Lululemon announced the leadership change and quarterly performance, its stock price rose 10% in after - hours trading. (Jiemian News) 

Sources say NVIDIA is considering increasing production of H200 chips

Sources say that NVIDIA is considering increasing production of H200 chips. (Sina Finance)

As of Week 49 in 2025, the sales volume of iPhone 17 in China has reached 13.2953 million.

It is reported that the latest data provided by the blogger "RD Observation" shows that as of Week 49 in 2025, the domestic sales volume of Apple's iPhone 17 series is approximately 13.2953 million. Previous data showed that in October, Apple's smartphone sales in China increased by 37% year-on-year, hitting a record high. This growth rate is far higher than the industry average. Thanks to the hot sales of the iPhone 17, Apple's market share in China has reached a high of 25%, meaning that one out of every four mobile phones sold is an iPhone.

According to the data from research institutions, for the currently available iPhone 17 series in the Chinese market, the base model, Pro model, and Pro Max model have all achieved mid - to high - double - digit growth, with the base model having the fastest growth. No wonder Lu Weibing previously said that the base model of the iPhone 17 has brought great pressure to its competitors, and the current sales situation indeed proves this. (Kuaikeji)

Apple Spends Another $216 Million to Purchase Two Office Buildings; Its Real Estate Acquisition Expenses in the Bay Area Have Exceeded $1 Billion in the Past Year

Recently, Apple Inc. spent $216 million in an all - cash deal to acquire two office buildings located at 19319 and 19339 Stevens Creek Boulevard in Cupertino. The total floor area is approximately 266,500 square feet (about 24,759 square meters), with each building measuring 136,600 square feet (about 12,691 square meters) and 129,900 square feet (about 12,068 square meters) respectively. This purchase is part of Apple's real estate expansion strategy for 2025. In the past year, its real estate acquisition expenses in the Bay Area have exceeded $1 billion. In June this year, Apple acquired a large campus for $350 million, and a few days later, it purchased another office complex in Cupertino for $160 million. (DoNews)

Moore Threads Responds to "Cash Management of Idle Raised Funds": It Will Not Affect the Implementation of Fund - Raised Projects, and the Actual Cash Management Amount Will Be Significantly Less Than the Upper Limit

Regarding the announcement recently issued by Moore Threads that it plans to use part of its idle raised funds of no more than 7.5 billion yuan for cash management, a relevant person in charge of the company responded that the company had clearly disclosed the project plan for the raised funds in the early stage. The 7.5 billion yuan raised has a series of phased and clear usage arrangements for R & D, technological upgrading, etc., and the company will also strictly follow the established plan for the fund - raised projects. "The 7.5 billion yuan approved this time is the upper limit of the cash management quota, not the actual cash management amount. The actual cash management amount will be significantly less than the upper limit. Subsequently, as the fund - raised projects are gradually advanced and the amount of self - owned funds previously invested in the fund - raised projects is replaced, the scale of idle funds will decrease accordingly, and the cash management quota will also decline dynamically." The person in charge said that the company will continue to increase R & D investment to accelerate the rapid iteration of products, overcome core technological barriers, and build an independently controllable technology and product system. It will never allow cash management to affect the normal implementation of fund - raised projects and the normal development of the company's main business. (Star Market Daily)

Avatar 3's Pre-sale Box Office Exceeds 20 Million Yuan

According to the real-time data from Dengta Pro, as of 11:22 on December 14, the total pre-sale box office of the film "Avatar 3" has exceeded 20 million yuan. (Jiemian News)

Multiple major Wall Street banks are bearish on the US dollar

According to Bloomberg, major Wall Street banks such as Deutsche Bank, Morgan Stanley, and Goldman Sachs predict that the US dollar will resume its decline next year. In the first half of this year, hit by the trade war initiated by the Trump administration, the US dollar suffered its deepest decline since the early 1970s, but it has gradually stabilized in the past six months. (Sina Tech)

Report: SpaceX Invites Wall Street Investment Banks to Bid for Underwriting Its Potential IPO

According to media reports, citing people familiar with the matter, SpaceX executives have initiated the process of selecting Wall Street investment banks to provide advisory services for the company's initial public offering (IPO). People familiar with the matter said that multiple investment banks are scheduled to make their first-round proposals this week. This process, known as a "bake-off," is the most concrete step the rocket manufacturer has taken towards what could be a "blockbuster IPO." (Sina Finance)

Oracle: The cooperation arrangement with OpenAI is "not delayed"

On December 12 local time, Oracle denied reports that the completion time of the data center being built for OpenAI had been postponed from 2027 to 2028. An Oracle spokesperson said that the site selection and delivery schedule were determined after close coordination with OpenAI following the signing of the agreement and were jointly agreed upon by both parties. There have been no delays in any of the nodes required to meet the contractual commitments, and all milestones are still progressing as planned. (Jiemian News)

OpenAI Adjusts Compensation Policy to Prevent AI Talent Drain

On December 14th, according to The Wall Street Journal, OpenAI told its employees in the past week that the company would cancel a compensation policy. This policy stipulated that employees could only get their equity vested after working at the company for at least six months. These six months are the so - called "vesting cliff". If OpenAI employees leave the company within six months, they won't receive any stocks. (IT Home)

Going Public in Progress

Ambition Technology

On December 14, Ambition Technology (688168.SH) announced that the company plans to issue shares (H shares) overseas and list on the Hong Kong Exchanges and Clearing Limited. The company's board of directors agreed to authorize the company's management to initiate the preliminary preparatory work for this H-share listing, and the authorization period is within 12 months from the date of the board's review and approval. (NBD.com)

The Cutting - Edge of AI

Unitree Robotics Launches the "App Store" for Humanoid Robots

36Kr learned that Unitree Robotics announced the first - launch of the "App Store" for humanoid robots. Users can upload and share trained models for dancing, martial arts, work, etc. with one click, and they can also download actions developed by other developers and deploy them to the robots.

Ant Group's AI health assistant AQ adopts the Chinese name "Ant A Fu"

On December 13th, AQ, the standalone app of the AI health assistant under Ant Group, updated its version, officially adopting the Chinese name: "Ant A Fu", and launched the "Small Health Goals" feature. (IT Home)

Cool Products

XREAL Collaborates with Google to Launch the World's First Android XR Smart Glasses

According to Pudong Release, at the recently held "The Android Show" conference, Project Aura, jointly developed by Chinese company XREAL and Google, was presented. This is the world's first consumer-grade AR glasses product equipped with the Android XR platform and Gemini AI. According to official information, Project Aura will be officially launched in the market in 2026. The conference for the first time announced the key details of Project Aura and the Android XR system. The product is positioned as the most complete and closest-to-ideal hardware sample of Android XR to date. (Sina Finance)

A Small Survey on Young People's App Usage

In the mobile phones of contemporary young people, there is their cyber "two-bedroom, one-living-room" space. Whether this space is perfect or not depends on the screen, battery life, and processor externally, and on the system, UI, and APPs internally. Numerous apps quietly shape our living, working, entertainment, and sports habits on our phones.

Some of them record a passionate fitness session; some witness every bit of the struggles of office workers in the workplace; and some have been paid heavily to upgrade to annual memberships but end up gathering dust. In short, every time you install, click, or uninstall an app, there is an interesting story behind it.

That's why whether an app is user - friendly directly determines your cyber - surfing experience. How many apps are there in your phone? Which apps are your favorites and why? How important is a good app ecosystem to you? Welcome to scan the QR code and share your app appreciation tips with us!

A Small Survey on Young People's App Usage

Compiled | Baby Chinese Cabbage