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At 8:00, 1st Kr: Luo Yonghao responds to the claim of "calling Yu Minhong ungrateful"; A masterpiece valued at 88 million yuan in museum collections appears in the auction market, and the Nanjing Museum responds; The yields of multiple "Baby-like" funds have fallen below 1%.

8点1氪2025-12-18 08:03
Luo Yonghao said: It's the mainstream for young people to scold their bosses and the workplace in society. But when I do it, they say I'm ungrateful. It's so strange.

Today's Hot Topics Guide

Yao Shunyu Appointed as Tencent's Chief AI Scientist, Leading the Teams on Large Language Models and AI Infrastructure

Luo Fuli Made Her Debut at Xiaomi After Joining the Company

He Xiaopeng Says There Is No AI Bubble Currently, and Humanoid Robots Will Be the Focus of Competition Among Tech Giants in the Future

Mixue Bingcheng's First U.S. Store Starts Trial Operation, Offering a Maximum Sugar Level of 200%

Cherries May See Another Price Drop, with Some Selling for Less Than $20 per Pound

Top 3 Big News

Luo Yonghao Responds to "Calling Yu Minhong Ungrateful": Totally Disagree, Was Very Angry at That Time

On December 17th, Luo Yonghao's Crossroads released a new episode of the podcast. In the program, Luo Yonghao recalled his work experience at New Oriental. He said that today, it's mainstream for young people in society to scold their bosses and the workplace. But when I do it, they say I'm ungrateful. Isn't that too strange? If you succeed in the workplace, haven't you ever thought it might be because of your own efforts? Luo Yonghao said, "Sometimes we talk about the kindness of being recognized in the workplace. In my understanding, the kindness of being recognized means that when everyone says you're no good, there's a certain leader who insists you're good and supports you all the way until you really become good. Look at my situation at New Oriental. Many people say that you're nothing without New Oriental, so Yu Minhong has been kind to you. But if you come out and scold Yu Minhong, that's being ungrateful. I totally disagree with this." (Red Star News)

Nanjing Museum Responds to the Appearance of Ming Dynasty Artist Qiu Ying's "Spring in the South of the Yangtze River" at Auction

On December 17th, Nanjing Museum responded to reports about the appearance of Ming Dynasty artist Qiu Ying's painting "Spring in the South of the Yangtze River" at an auction. The museum stated that the painting was twice identified as a fake by an expert panel in 1961 and 1964, and was disposed of in accordance with the "Measures for the Management of Museum Collections" in the 1990s. Currently, a lawsuit regarding the donation contract of the painting is underway. The museum will actively cooperate with the lawsuit, verify the whereabouts of the painting, and standardize the management of donated items and museum collections. The museum said that it is necessary to further verify whether the "Spring in the South of the Yangtze River" appearing at the auction is the donated painting.

According to previous reports, Pang Laichen (1864 - 1949) was a renowned modern - era collector in China. His "Xuzhai" collection of ancient paintings was well - known for its high - quality and comprehensive collection. In the 1950s, Pang Laichen's descendants donated a large number of precious ancient Chinese paintings and calligraphy works to several state - owned cultural and museum institutions, with the largest number of donations, 137 pieces (sets), going to Nanjing Museum. However, unexpectedly, a scroll painting of "Spring in the South of the Yangtze River" by Ming Dynasty artist Qiu Ying, which was donated by Pang Laichen's descendants to Nanjing Museum, suddenly appeared at an art auction in Beijing this year, with an estimated value of 88 million yuan. (Jiemian News, The Paper)

Yields of Multiple "Baby-like" Funds Fall Below 1%, While Yu'E Bao Fund Holds Steady

According to a report from China Securities Journal on December 17th, since the beginning of this year, the yields of "baby-like" funds have been continuously declining. According to Wind data, as of December 16th, the median seven-day annualized yield of 941 money market funds with available statistics was 1.24%. Among them, the seven-day annualized yields of 102 money market funds fell below 1%, and more than 300 money market funds had seven-day annualized yields between 1% and 1.2%. However, Tianhong Yu'E Bao Fund, the largest in scale, still remained above 1%. As of December 16th, the seven-day annualized yield of Tianhong Yu'E Bao was 1.014%, showing a slight rebound from last week. Previously, the seven-day annualized yield of this fund once dropped to 1.001%, but it always stayed above 1%. Even though the yields of money market funds are in a long-term downward trend, affected by factors such as the decline in current deposit yields and the fluctuations in both the bond and equity markets, the scale of money market funds has increased recently instead of decreasing. According to data from the Asset Management Association of China, as of the end of October, the total share of money market funds was 15.05 trillion shares, an increase of more than 38 million shares compared with the end of September. (Jiemian News)

Large Companies/ Major Events

Vinces Yao Appointed as Tencent's Chief AI Scientist, Leading the Large Language Model and AI Infra Teams

36Kr has exclusively learned that Tencent recently completed an organizational adjustment, officially establishing the AI Infra Department, AI Data Department, and Data Computing Platform Department. In an internal announcement released on the afternoon of December 17th, Tencent stated that Vinces Yao will serve as the Chief AI Scientist in the "CEO/President's Office" and report to Tencent President Martin Lau. He will also concurrently serve as the head of the AI Infra Department and the Large Language Model Department, reporting to Lu Shan, the President of the Technology and Engineering Group.

Tencent did not disclose Vinces Yao's Chinese name or past work experience. However, 36Kr has learned that Vinces Yao is Yao Shunyu, who joined Tencent a few months ago. He graduated from Tsinghua University and Princeton University and was formerly a researcher at OpenAI. He was a core contributor to OpenAI's first - generation agent products, Operator and Deep Research.

Muxi Co., Ltd. opened 568% higher in call auction, with a profit of nearly 300,000 yuan per lot

According to Sina Finance, on December 17th, following Moore Threads, Muxi Co., Ltd., the second domestic GPU company, officially listed on the Science and Technology Innovation Board. Muxi Co., Ltd. opened 568% higher in call auction, with the stock price at 700 yuan and a total market value of 280 billion yuan. The profit per lot was nearly 300,000 yuan. The company is mainly engaged in the independent research and development of full - stack high - performance GPU chips and computing platforms. Its products include the Xisi N series of GPUs for intelligent computing inference, the Xiyun C series of GPUs for integrated training and inference and general computing, and the Xicai G series of GPUs for graphic rendering, which are under research and development. Calculated in this way, Muxi Co., Ltd. has surpassed Moore Threads and become the most profitable new stock since the full implementation of the registration - based IPO system in the A - share market. (Sina Finance) 

Zong Fuli Resigns from Multiple Positions, Including Legal Representative of Wahaha Food Company

36Kr learned that recently, industrial and commercial changes have taken place in Hangzhou Wahaha Food Co., Ltd. Zong Fuli has resigned from the positions of legal representative, manager, and director, all of which have been taken over by Xu Simin. The company was established in October 1992 with a registered capital of more than 240 million yuan. Hangzhou Wahaha Hongzhen Investment Co., Ltd., Hangzhou Wahaha Group Co., Ltd., and Zhejiang Wahaha Industrial Co., Ltd. hold 51%, 39%, and 10% of the shares respectively. It is worth mentioning that in November, Zong Fuli had already resigned from the positions of chairman and legal representative of Wahaha Group.

"Giving birth without spending money" will be implemented next year. The National Healthcare Security Administration has issued five documents in a row

On December 16, the National Healthcare Security Administration issued five articles in a row under the theme of "Healthcare insurance supporting childbirth", recommending the local experience of having children with little cost. It responded to these concerns of the public with local practices and real healthcare insurance data. The National Healthcare Insurance Work Conference proposed to promote the inclusion of flexible employees, migrant workers, and employees in new forms of employment in the maternity insurance coverage. The level of medical expense protection for prenatal check - ups should be reasonably improved, and efforts should be made to basically achieve "zero out - of - pocket" for individuals for childbirth within the scope of the policy nationwide.

Data from the National Healthcare Security Administration shows that by the end of 2025, 31 provinces (autonomous regions, municipalities) and the Xinjiang Production and Construction Corps had all included eligible assisted reproduction projects in healthcare insurance. Seven provinces had achieved full coverage of in - hospital delivery medical expenses within the scope of the policy, and 95% of the overall planning areas directly distributed maternity allowances to insured persons. Seven provinces, including Jilin, Jiangsu, and Shandong, have taken the lead in achieving the goal of having children with little cost. (Yicai Global)

Mixue's First Store in the United States Starts Trial Operation, with a Maximum Sugar Level of 200%

Recently, many netizens shared on social platforms that they saw the "Snow King" in Hollywood, the United States. According to netizens' information, the Mixue store is located on the Hollywood Walk of Fame in Los Angeles. Currently, the store is in the trial operation phase and has launched pre - sales and pre - heating activities.

It is understood that a business named "Mixue (Hollywood)" in Los Angeles has launched exclusive pre - sales and has put two pre - sale packages on the shelves. The price of both packages is $3.99, including two drinks and ice cream. New users only need to pay a minimum of $1.17. It is worth noting that when choosing the sugar level of drinks in the package, in addition to the regular options of normal sugar, 70% sugar, 50% sugar, 30% sugar, and no additional sugar, there are also options for 120% sugar, 150% sugar, and 200% sugar. (Yicai Global)

Arctic Temperatures Reach Highest Since 1900

The annual Arctic climate report released by the U.S. National Oceanic and Atmospheric Administration on the 16th shows that during the statistical period from October 2024 to September 2025, the average surface temperature in the Arctic region reached the highest level since records began in 1900. The report states that the past 10 years have been the warmest 10 years on record in the Arctic region. Since 2006, the average annual temperature increase rate in the Arctic region has been more than twice the global average.

He Xiaopeng Says There Is No AI Bubble Currently, and Humanoid Robots Will Become a Competition Among Giants in the Future

On December 17th, He Xiaopeng, the chairman of XPeng Motors, posted a message on his WeChat Moments, sharing his feelings and insights on popular topics such as the AI bubble, physical AI, new startups in the United States, robots, and the arrival of AGI. He Xiaopeng said that humanoid robots will become a competition among giants in the future, while different specialized robots will have a large number of players from different fields and there will be numerous opportunities for success. He Xiaopeng believes that there is no AI bubble currently, and the future AI market presents huge opportunities. (IT Home)

Apple Considers Packaging iPhone Chips in India

On Wednesday, Eastern Time in the United States, foreign media reported that Apple is having preliminary discussions with Indian chip manufacturers to assemble and package components for its iPhones. Previously, Apple's industrial cooperation with India mainly focused on the final assembly of end - products such as iPhones and AirPods. The latest negotiation progress indicates that Apple's layout in India may extend upstream from the existing end - product assembly to the more complex semiconductor packaging field. (Kechuang Daily) 

Elon Musk Responds to Ford's Scaling - Back of Electric Vehicle Strategy: It's Hopeless, They're Doomed

On December 17th, Elon Musk responded on the X platform to the news of Ford scaling back its electric vehicle strategy, believing that this signals the decline and demise of the traditional automotive industry. A netizen commented, "The fact that Ford still thinks the reason for producing electric vehicles is to reduce emissions tells you how little the traditional automotive industry understands this paradigm shift. Reducing emissions is just a side - effect. Electric vehicles are fundamentally a better platform for autonomous driving. It's like investing in new whaling ships after the commercialization of incandescent lamps." 

Musk replied, "Absolutely right. Years ago, I said that non - autonomous internal combustion engine vehicles are like riding a horse while using a flip phone, but you can't force a good idea on the traditional industry. They're just determined to perish." (Upstream News) 

Alibaba Venture Capital Reduces Its Stake in Huayi Brothers

Huayi Brothers announced on December 17 that its shareholder, Alibaba Venture Capital, reduced its stake by 29.5268 million shares through block trades on December 17, 2025. Its shareholding ratio decreased from 3.467799% to 2.403580%. The combined shareholding ratio of Alibaba Venture Capital and its person acting in concert, Jack Ma, decreased from 6.064215% to 4.999996%, and they are no longer shareholders holding more than 5% of the company's shares. This stake reduction is conducive to the stability of the company's equity structure and will not have an adverse impact on the company's normal operations. (Jiemian News)

Douyin, Xiaohongshu, Beike, 58.com, Xianyu, Lianjia, etc. were summoned for talks

According to a message from the Beijing Municipal Commission of Housing and Urban - Rural Development on the 17th, in order to strengthen the governance of the online ecosystem and curb online chaos in the real estate field, recently, multiple departments in Beijing jointly summoned for talks internet platforms such as Douyin, Xiaohongshu, Beike, 58.com, Xianyu, Lianjia, I Love My Home, and MaiTian. The meeting pointed out that some self - media accounts have problems of publishing and spreading illegal information on the Internet, such as bad - mouthing the Beijing real estate market, creating market panic, spreading false information, and using fake housing listings to attract traffic, seriously disturbing the market order. The meeting required each platform to immediately conduct a comprehensive self - inspection, promptly remove illegal information and deal with illegal accounts, and accelerate the establishment and improvement of a normalized internal review mechanism for industry content. (Caixin)

Cherries May See Another Price Drop, with Some Selling Below $20 per Pound

Early on December 12, a new batch of Chilean cherries transported by sea arrived at Nansha Port in Guangzhou. Soon, the entire ship's cargo was transferred to the Jiangnan Fruit and Vegetable Wholesale Market in Guangzhou. With the entry of this batch of goods into the market, the cherry market for this year officially "opened". Several fruit merchants at the Jiangnan Fruit and Vegetable Market in Guangzhou told reporters, "The price (of cherries) hit a record low last year, and it will be even lower this year. As more sea - transported cherries arrive at the port, the price of cherries will drop again this year. After the containers are opened, the market price will fall by 20% - 30%." 

On December 15, Times Finance found that the prices of cherries on platforms such as Sam's Club, Hema, Dingdong Maicai, and Pubu Supermarket have all dropped recently. In particular, Sam's Club saw a significant price plunge. The price of a 1 - kilogram pack of 3J - grade cherries dropped by $40 compared to December 12. (Times Finance) 

Vanke Proposes a New Extension Plan for the Matured 2 Billion yuan Medium - term Notes

After a round of games, Vanke has proposed a new extension plan for the matured 2 billion yuan medium - term notes. On December 17, the Shanghai Clearing House disclosed the summary of the proposal for the second holders' meeting of 22 Vanke MTN004.

The new extension plan is as follows: the principal repayment time will be extended by 12 months, and the adjusted repayment time is December 15, 2026, when the entire principal of this medium - term note will be repaid. Regarding the interest payment, the plan proposes that the 60 million yuan of accrued interest due on December 15, 2025, will be paid within the grace period. During the above - mentioned grace period, the unpaid principal will accrue interest at a rate of 3.00%, and the unpaid interest will not be compounded. During the extension period (from December 15, 2025, to December 15, 2026), the coupon rate of this medium - term note will remain unchanged. (Yicai Global)

Ministry of Education: High schools should strictly control the number of exams

Recently, the General Office of the Ministry of Education issued the "Notice on Further Strengthening the Management of Daily Examinations in Primary and Secondary Schools", requiring to reduce the frequency of daily exams and tests, improve the quality of daily exams, relieve students of excessive academic burden, and promote the all - around and healthy development of students. The "Notice" puts forward control requirements for the exam frequency for different school stages: No written exams will be conducted for students in the first and second grades of primary schools. Schools in other grades of compulsory education should organize one final exam each semester; junior high school grades can appropriately arrange one mid - term exam according to the actual situation of different subjects; ordinary high schools should strictly control the number of exams; it is strictly prohibited to organize regional or inter - school exams for all grades in primary schools and non - graduating grades in junior and senior high schools. To meet the needs of graduation and further education, graduating grades in junior and senior high schools can organize 1 - 2 mock exams during the review stage. (Caixin Press)

Proposed to Extend Blood Donation Age to 65

On December 17, the National Health Commission issued an announcement to solicit public opinions on the "Draft of the Law of the People's Republic of China on Blood Donation (for Comment)". The age of blood donors is revised from advocating citizens aged 18 to 55 to advocating citizens aged 18 to 65 to voluntarily donate blood under the condition of meeting health requirements. Blood collection stations shall not collect more than 400 ml of whole blood from each blood donor at a time. The interval between two whole - blood collections is revised from not less than six months to not less than 90 days. It encourages and supports scientific and technological innovation in blood collection, supply, storage, and use. Each county (city, district) shall set up at least one fixed blood donation house (point), and additional ones can be set up as appropriate in counties (cities, districts) with a large population and high blood demand to improve blood supply capacity, strengthen coordination and scheduling, and improve the emergency blood allocation mechanism. (Jiemian News) 

South Korea: Plans to Include Hair Loss Treatment in Health Insurance

South Korean President Lee Jae - myung issued instructions on December 16 while listening to work reports from departments such as the Ministry of Health and Welfare, asking the Ministry of Health and Welfare to promote the work of including hair loss treatment in health insurance. (Global Times, Cailian Press) 

Trump Signs Proclamation, Imposing Entry Restrictions on 40 Countries

U.S. President Donald Trump signed a proclamation on December 16, expanding the number of countries subject to full or partial entry restrictions from 19 to 40. The newly signed proclamation shows that Laos and Sierra Leone, which were previously under partial entry restrictions, will now face full entry restrictions. Additionally, full entry restrictions will be newly imposed on citizens of five countries, including Burkina Faso, Mali, Niger, South Sudan, and Syria, as well as individuals holding travel documents issued by the Palestinian National Authority. According to the latest policy, the number of countries subject to full U.S. entry restrictions has increased from 12 to 20. The proclamation also announced the addition of 15 countries, such as Nigeria and Côte d'Ivoire, to the list of those under partial entry restrictions, increasing the number of countries under partial entry restrictions to 20. (Caixin)

Xiaomi, Huawei, and Li Auto Reported Cases, and Police Arrested 12 People

The WeChat official account of "Yantai Public Security" released a message today. Recently, after a four - month operation, Yantai Public Security cracked down on a gang that hyped up negative information about new - energy vehicles, arrested 12 people at once, seized over one million yuan in funds, and shut down more than 8,000 accounts.

Since July this year, companies such as Xiaomi, Huawei's HarmonyOS Smart Mobility, and Li Auto have successively reported to the police that a large number of negative articles targeting their automotive brands have emerged on a certain platform. After carefully examining more than 3,000 negative articles on the platform one by one, the investigators from Yantai Public Security found that they all originated from a group of accounts with short registration times, abnormal activity levels, and scattered IP addresses. There were obvious signs of industrial - scale operation behind them, suspected of "online trolls" pre - meditatedly hyping up and diverting traffic for profit. To solidify the evidence, the special task force took the large number of fake accounts controlled by the criminal gang as a breakthrough point. They analyzed over 80,000 pieces of various online information, verified over 100,000 pieces of financial transaction records, and clarified the organizational structure, personnel division of labor, and the complete criminal process of the gang. The special task force carried out simultaneous operations in Yantai and Liaocheng, successfully arrested 12 criminal suspects, seized over one million yuan in funds involved in the case, and shut down more than 8,000 illegal online accounts. (Caixin)

State Administration for Market Regulation: Requiring merchants to offer the "lowest price across the whole network" on platforms may constitute a monopoly

It is learned from the State Administration for Market Regulation that requiring merchants to offer the "lowest price across the whole network" on platforms may constitute the abuse of market dominance or a monopoly agreement. On the same day, the State Administration for Market Regulation held a press conference to introduce the relevant situation of anti - monopoly law enforcement in the field of people's livelihoods. Liu Jian, the deputy director of the First Department of Anti - monopoly Law Enforcement of the State Administration for Market Regulation, introduced that the recently released "Compliance Guidelines for Anti - monopoly of Internet Platforms (Draft for Comments)" put forward 8 new types of monopoly risks, providing practical and useful compliance guidance for platform enterprises. For example, some platform enterprises require that the prices of goods sold by merchants on the platform should not be higher than those on other competing platforms. The guidelines suggest that requiring merchants to offer the "lowest price across the whole network" on platforms may constitute the abuse of market dominance or a monopoly agreement. (Xinhua News Agency)

iPhone 18 Pro May Abandon the Pill-shaped Cutout

On December 16th, tech media The Information published a post, revealing that Apple's iPhone 18 Pro and iPhone 18 Pro Max will undergo a major design change. It is planned to completely abandon the "Dynamic Island" pill-shaped cutout and instead adopt a single punch-hole front camera in the top-left corner and under-screen Face ID technology. (Pear Video)

Well - known chain brand Mannings is about to close all its stores in the Chinese mainland

On December 16th, the official website of Mannings China released an announcement regarding the cessation of operations of offline and online stores and the handling of membership points. Due to the company's business strategy adjustment, the stores in the Chinese mainland will be closed at the beginning of next year.

Specifically, the announcement states that offline stores will officially cease operations after January 15th, 2026. The official Mannings online mall (mini - program) will stop operating at 24:00 on December 28th, 2025. The online Mannings Tmall flagship store, the online Mannings Tmall health products specialty store, the online Mannings JD.com flagship store, and the online Mannings Pinduoduo flagship store will stop sales and stop providing relevant membership benefits at 24:00 on December 26th, 2025. The deadline for after - sales service is January 25th, 2026. (The Paper)

All three major U.S. stock indexes closed lower, with Tesla down more than 4%

36Kr learned that at the close on December 17, all three major U.S. stock indexes declined. The Dow Jones Industrial Average fell 0.47%, the Nasdaq Composite dropped 1.81%, and the S&P 500 Index declined 1.16%. Most large technology stocks weakened. Arm fell more than 5%, Tesla dropped more than 4%, NVIDIA and Google declined more than 3%, Apple and Meta fell more than 1%, and Microsoft and Amazon saw slight declines; Netflix rose slightly. Most popular Chinese concept stocks fell, with Pinduoduo, NIO, and Li Auto down more than 3%, XPeng Motors down more than 2%, and NetEase, Weibo, and Alibaba down more than 1%; Baidu rose slightly.

Sunac Announces Complete Settlement of $9.6 Billion in Debt

Another crucial juncture has emerged in the risk resolution of Sunac China. On December 17th, Sunac China issued an announcement stating that the expected effective date for the restructuring of its offshore debts will be around December 23rd, 2025. By then, approximately $9.6 billion of Sunac China's existing debts will be fully settled and waived. Meanwhile, the company will issue mandatory convertible bonds to the scheme creditors in accordance with the terms of the plan. The announcement also disclosed the restructuring plan for an additional debt. To restructure the only remaining debt outside the scope of Sunac's comprehensive offshore debt restructuring, Sunac China, Sanya Qingtian, and Jiyou entered into a Jiyou Restructuring Deed. (Yicai Global)

Luokung Coffee Reportedly Considers Bidding for Blue Bottle Coffee, a Coffee Chain Brand Under Nestle

According to people familiar with the matter, Luokung Coffee is considering bidding for Blue Bottle Coffee under Nestle. This move aims to enhance the brand image and expand into the high - end coffee market. The people familiar with the matter, who asked to remain anonymous because they were discussing non - public information, said that Luokung Coffee and its major shareholder, Centurium Capital, are also evaluating other acquisition targets, including the operator of %Arabica coffee shops in China, whose investors include private equity firm PAG. (Sina Finance) 

Going Public in Progress

Zhipu

It is understood that Beijing Zhipu Huazhang Technology Co., Ltd. (referred to as Zhipu) passed the listing hearing of the Hong Kong Stock Exchange on December 17. (Sina Finance)

GigaDevice Semiconductor

36Kr learned that according to documents from the Hong Kong Stock Exchange, on December 17th, GigaDevice Semiconductor Group Co., Ltd. updated its post - hearing information package, which means the company has passed the hearing for its IPO on the Hong Kong Stock Exchange.

Meige Intelligent

36Kr learned that Meige Intelligent issued an announcement stating that the company is carrying out relevant work for applying to issue overseas-listed shares (H shares) and list on the Main Board of The Stock Exchange of Hong Kong Limited. The company recently received the "Record-filing Notice on Overseas Issuance and Listing of Meige Intelligent Technology Co., Ltd." issued by the China Securities Regulatory Commission.

The Forefront of AI

Luo Fuli made her debut at Xiaomi after joining the company and officially released and open - sourced the latest MoE large model, MiMo - V2 - Flash.

On the morning of December 17th, at the Xiaomi 2025 Xiaomi Smart Ecosystem Partners Conference for Vehicles, Homes, and More, Luo Fuli, the person in charge of the Xiaomi MiMO large model, made her debut at Xiaomi after joining the company and officially released and open - sourced the latest MoE large model, MiMo - V2 - Flash.

Luo Fuli said that this model has the potential of a super - strong base model. It ranks among the top 2 global open - source models on world - class evaluation lists. It features low cost and high speed. When its cost is lower than that of Deepseek V3.2, its inference speed is three times that of Deepseek V3.2.

Luo Fuli is known as a "post - 95s AI talent". She once joined Alibaba's DAMO Academy, then worked at Magic Square Quantitative and DeepSeek and became a key developer of DeepSeek - V2. Since November 2025, Luo Fuli has been the person in charge of Xiaomi's MiMo large model team. (Caixin Press)

Gemini 3 Flash Officially Released

On December 18th, Gemini 3 Flash was officially released, and the Gemini 3 family became complete: Flash, Pro, and Deep Think. The Flash model has been fully launched on the Gemini APP, AI Studio, Google Antigravity, and Gemini CLI. When users open Gemini, the default version is Gemini 3 Flash. (New Intelligence Yuan)

ByteDance's Seedance 1.5 pro Audio - Video Creation Model Officially Launched

36Kr learned that ByteDance's Seed team officially launched the new - generation audio - video creation model, Seedance 1.5 pro, on December 17th. Seedance 1.5 pro supports joint audio - video generation and can perform a variety of tasks, including text - to - audio - video synthesis and image - guided audio - video generation.

Compiled | Jingjing