Krstar Evening News | L4-level intelligent agent maternal system MasterAgent is fully open; JD.com reaches a strategic cooperation with Huawei; Baidu Smart Cloud launches a full-stack AI solution
Large Companies:
The L4-level intelligent agent maternal system MasterAgent is fully open
On December 30, the world's first L4-level intelligent agent maternal system MasterAgent was fully opened, and paid services were officially launched. It faces international competition with the core advantage of full-stack independent R & D. It is reported that the product focuses on "security and controllability", builds a full-link domestic technology stack, gets rid of external technology dependence, meets the requirements of data security and compliance, and fills the gap in the domestic multi - agent collaboration platform. The framework design of MasterAgent breaks through the traditional single - agent scheduling mode of Manus and other agents. Without complex programming, multi - agent clusters can be generated within minutes through natural language instructions, supporting infinite scenario expansion.
On December 24, Jinghongdongneng held the "Heart - Intelligence Communication Conference" in Shanghai. As a full - scenario intelligent marketing platform in the Hongmeng ecosystem, it uses the dual engines of data science and full - scenario AI to promote the transformation of marketing from "traffic competition" to "scenario deep cultivation". Specifically: drive "foresight" insights with data science, achieve "first - hand" reach with intelligent technology, activate "first - opportunity" seizure with scenario content, and carry out full - journey accompaniment centered on users, empowering brands to regain the initiative in the market and reshape a people - oriented new ecosystem of intelligent marketing.
JD.com reached a strategic cooperation with Huawei
36Kr learned that JD.com and Huawei Technologies Co., Ltd. recently reached in - depth technical cooperation. According to the cooperation plan, the two sides will establish a joint innovation project, focusing on the core technology of "low - latency advertising inference". The scope of cooperation covers comprehensive optimization from underlying hardware, basic software to upper - layer applications.
36Kr learned that Pop Mart's partners in Indonesia, Cambodia and Mexico recently started shipping, and the overseas supply chain layout was deepened again. At present, Pop Mart's six global production bases have been fully established, covering overseas regions such as Southeast Asia and Mexico.
Didi: The demand for taxi rides on December 31 is expected to exceed 80 million
36Kr learned that Didi Chuxing predicts that under the superposition of multiple travel needs such as commuting off - work, New Year's Eve parties, outings and cross - city trips for returning home, the evening peak of taxi rides on December 31 will start at 15:00 and last until 20:00, with the highest demand from 17:00 to 19:00. The domestic demand for taxi rides on that day is expected to exceed 80 million.
Lululemon founder calls for board reform, nominates three candidates for independent directors
On December 29 local time, Chip Wilson, the founder and major shareholder of Lululemon, announced that he nominated three candidates for independent directors to participate in the board election to be held at the company's 2026 annual shareholders' meeting. Wilson's nominees are Marc Maurer, former co - CEO of On Running, Laura Gentile, former marketing director of ESPN, and Eric Hirshberg, former CEO of Activision. (Jiemian)
Tencent Hunyuan open - sources translation model 1.5, deployable on the edge side
36Kr learned that Tencent Hunyuan announced the launch and open - sourcing of translation model 1.5, which includes two models: Tencent - HY - MT1.5 - 1.8B and Tencent - HY - MT1.5 - 7B. Both models support mutual translation of 33 languages and 5 ethnic - Chinese/dialects. In addition to common languages such as Chinese, English and Japanese, they also include small languages such as Czech, Marathi, Estonian and Icelandic. The models have been launched on the official website of Tencent Hunyuan and can also be directly downloaded and used through the open - source community.
Investment and Financing:
36Kr learned that Datang Power Generation announced that the company, Datang Group and Datang Nuclear Power Company jointly signed a capital increase agreement. Datang Group will contribute 925 million yuan according to the shareholding ratio of 60%, and the company will contribute 617 million yuan according to the shareholding ratio of 40% for the capital construction expenses of Liaoning Xudapu Nuclear Power Project and Ningde No. 2 Nuclear Power Project and the preliminary expenses of Guangdong Yangxi Nuclear Power Project. After the completion of this capital increase, the shareholding ratio of all parties in Datang Nuclear Power Company will remain unchanged.
"Jiesen Entertainment" completed a new round of strategic financing of hundreds of millions of yuan
36Kr learned that on December 29, "Jiesen Entertainment" announced the completion of a new round of strategic financing of hundreds of millions of yuan. This round of financing was jointly invested by CCTV Media Convergence Fund, 37 Interactive Entertainment and Guangdong - Hong Kong - Macao Greater Bay Area Cultural Industry Investment Fund. The old shareholders Mingyu Venture Capital and Hengdian Capital continued to increase their holdings. The funds obtained this time will be mainly used in two major directions: one is to deepen the product innovation and matrix expansion of core IPs, promote the iteration of the company's main product lines such as card games, soft peripherals, cute particles, plush toys, board games and trendy toys, and explore more diverse new product forms; the other is to accelerate market development. The funds will support the domestic channel layout and the systematic expansion of overseas markets, aiming to establish a more balanced global business network.
"Fanlian Xin'an" completed a new round of financing
36Kr learned that on December 30, "Fanlian Xin'an" announced the completion of a new round of financing. This round of financing was led by Dachen Venture Capital, a leading domestic venture capital institution. Old shareholders such as China Internet Investment Fund and Junxi Capital continued to increase their investments. The financing funds will be mainly used for the full AI upgrade of development support tools, the in - depth R & D of large models and intelligent agents in the field of intelligent manufacturing, and the construction of market ecosystems in key industries.
New Products:
Baidu Smart Cloud launches a full - stack AI solution
36Kr learned that Baidu Smart Cloud launched a cloud - intelligence integrated solution from chips, frameworks to platforms for the consumer electronics industry, and built a full - stack AI infrastructure of AI Infra+Agent Infra for mass production. At the AI Infra layer, Baidu Smart Cloud strengthens the computing power foundation through Kunlun chips and Baidu Baige AI computing platform; at the Agent Infra layer, Baidu Smart Cloud solves the pain point of enterprises "reinventing the wheel" through Qianfan Platform, and provides the consumer electronics industry with full - process engineering capabilities covering model call, model deployment, toolchain and knowledge enhancement.
Today's Views:
36Kr learned that the Class A fund shares of Guotou Ruixin Silver Futures Securities Investment Fund (LOF) issued a risk warning announcement on the premium of the secondary market trading price. Recently, the secondary market trading price of the Class A fund shares of Guotou Ruixin Silver Futures Securities Investment Fund (LOF) under Guotou Ruixin Fund Management Co., Ltd. has fluctuated greatly. Please pay close attention to the net value of the fund shares. On December 29, 2025, the net value per unit of the fund shares was 2.13 yuan. As of December 30, 2025, the closing price of the fund in the secondary market was 2.38 yuan, significantly higher than the net value of the fund shares. If investors blindly invest in fund shares with a high premium rate, they may face significant losses.
According to people familiar with the matter, the Reserve Bank of India intervened in the market by selling dollars in the foreign exchange market to support the rupee exchange rate. The dollar/Indian rupee fell as much as 0.3% to 89.7350 on Tuesday, after rising for five consecutive trading days. The exchange rate hit a record low of 91.0837 on December 16. People familiar with the matter said that the Reserve Bank of India sold dollars on a small scale in the offshore and on - shore markets. (Caixin)
Other Notable News:
36Kr learned from the National Development and Reform Commission that the optimized implementation plan of the "Two New" policies in 2026 was released. In terms of trading in old consumer goods for new ones, it supports trading in old cars for new ones. For trading in old household appliances for new ones, it focuses on six types of products such as refrigerators, washing machines, TVs, air conditioners, computers and water heaters; it supports the purchase of new digital and intelligent products, including mobile phones, tablets, smart watches (bands), smart glasses and smart home products (including home products suitable for the elderly).
At the end of the year, the subscription demand of on - site funds increased, and the money market ETFs showed collective abnormal movements again during the intraday trading today. As of noon, the Jinying Zengyi Money Market ETF rose 4.28%, and the secondary market price has deviated significantly from the actual price change of the assets. The Guoshou Money Market ETF, Huatai Tiantianjin ETF, Rongtong Money Market ETF and Guolian Riying Money Market ETF also led the gains. The Jinying Zengyi Money Market ETF urgently issued an announcement to remind of the premium risk. As an on - site cash management tool, money market ETFs often show abnormal movements before the New Year's Day and the Spring Festival. On the one hand, subscriptions are relatively concentrated, causing abnormal movements of products with small scales in the market. On the other hand, it is not ruled out that there is capital speculation. For investors, the premium in the secondary market is not entirely an arbitrage opportunity, and they should be more vigilant against risks. (Caixin)
The Bank of Korea made comprehensive revisions to the money supply and liquidity statistics
The Bank of Korea said on Tuesday that since January 2023, South Korea's money supply growth has been below the long - term average, and it announced a new framework for measuring liquidity. After years of preparation, the Bank of Korea announced that it will make comprehensive revisions to the money and liquidity statistics, excluding equity funds, bond funds, exchange - traded funds (ETFs) and other beneficiary securities from the broad money (M2). Instead, the Bank of Korea will include such highly volatile beneficiary securities in the financial institution liquidity (Lf). Traditionally, South Korea's M2 measures cash, demand deposits and other liquid financial instruments. (Sina Finance)