At 8:00, here are the latest news: The female car owner who staged a rooftop protest against Tesla has been restricted from high - end consumption, with Tesla being the applicant; The prices of pure gold jewelry from multiple brands have dropped significantly; Cai Lei's ALS condition is approaching the end - stage.
Today's Hotspot Guide
Lafayette Department Store Denies Pulling Out of Shenzhen
The Prices of Gold Jewelry of Many Brands Have Dropped Significantly. A Clerk Says, "It's the First Time I've Encountered This."
Lei Jun: I Will Host a New Year's Eve Livestream, and Engineers Will Dismantle a Car On - site
Dong Yuhui's Sofa Promotion Triggers Doubts about OEM. Kuka Home Responds
Tesla's 9 Millionth Global Electric Vehicle Rolls off the Production Line at Shanghai Gigafactory
Top 3 Big News
The female car owner who "protested on the roof" of Tesla has been restricted from high - end consumption. The applicant is Tesla, and the involved amount is 172,300 yuan
Recently, a consumption restriction order issued by the People's Court of Qingpu District, Shanghai shows that Ms. Zhang, the female car owner who "protested on the roof" of Tesla, has been subject to consumption restriction measures by the court. The reason is that Ms. Zhang failed to fulfill the payment obligation determined by the effective legal document within the period specified in the execution notice. The applicant is Tesla (Shanghai) Co., Ltd. The case process shows that in August this year, an execution application was filed against Ms. Zhang for approximately 172,300 yuan. On December 30th, Hongxing Capital Bureau inquired Ms. Zhang about the above - mentioned consumption restriction order. As of the time of publication, no reply has been received yet. (Hongxing News)
Prices of pure gold jewelry from multiple brands have dropped significantly. A clerk said, "I've never encountered this before."
On December 30th, the prices of pure gold jewelry within the Chinese mainland from multiple gold and jewelry brands have seen a correction. Previously, the gold price had just reached a new phased high.
A clerk at a Chao Hong Ji store in a first-tier city was surprised by the single - day drop of 42 yuan in the price of pure gold jewelry. He said bluntly, "Such a large decline is very rare. I'm even planning to buy some." He also mentioned that the gold price has been rising continuously recently, and such a significant price cut is hard to come by. He took a bracelet weighing 36.29 grams as an example, saying that it was nearly 1,530 yuan cheaper overnight. A clerk at a Chow Tai Fook store also said that this kind of fluctuation was the first he'd seen. "Previously, the gold price would only fluctuate by a few yuan at most. It's the first time I've encountered a drop of more than 40 yuan." (Hot News)
Cai Lei's ALS condition is approaching the end - stage
Cai Lei was diagnosed with ALS more than six years ago. The disease has gradually deprived him of the ability to move and speak, and he can only communicate with the outside world through an eye - control device. In August 2024, Cai Lei recorded a special video before he "lost his voice". At that time, we all hoped that there would never be a day to play it, because it would mean that he could no longer speak. Cai Lei said that despite his physical limitations, he would spare no effort to fight against ALS until the last moment of his life together with all sectors of society.
By the end of 2025, Cai Lei said that his ALS condition had entered the advanced stage and was approaching the end - stage. He suffers from unimaginable pain day and night, but he is still working at full capacity. He said that a major breakthrough in ALS should occur in the next few years. He asked everyone to pay more attention to scientific research and cooperation, which are the hopes of life for patients with difficult - to - treat diseases. (Blue Whale News)
Large Companies/ Major Events
Galeries Lafayette Denies Plans to Exit Shenzhen
Since 2025, Galeries Lafayette's store in Shenye Upper Town, Shenzhen, has scaled back some brand counters, sparking market speculation that it will withdraw from Shenzhen. Staff answering the phones at both Galeries Lafayette in Shenzhen and Shenye Upper Town shopping mall said that Galeries Lafayette in Shenzhen is currently operating normally and there is no notice of store closure. A staff member of Galeries Lafayette stated that the reduction of some brand counters is a normal brand update. (Jiemian News)
Customer Claims Noodles Hit the Ground Multiple Times During Noodle - Pulling Performance at Haidilao
Recently, Mr. Qiu and his friends were dining at Haidilao when a staff member performed noodle - pulling. As an introvert, Mr. Qiu kept his head down and didn't watch. It was only when he saw the video taken by his friend after getting home that he noticed the noodles hit the ground multiple times. Mr. Qiu said that after seeing the video, he thought it might be an oversight on their part. He informed the duty manager when he went to the restaurant again the next day. The manager offered to compensate him with one serving of pulled noodles. After he posted the video online, the official of Haidilao contacted him via private message, and the store manager then proposed to compensate him with two servings of pulled noodles and invited him to try new products. On the third day, the regional manager contacted him. First, he promised a free meal and unlimited pulled noodles for future visits to the store, but later changed it to unlimited pulled noodles for the next month. Mr. Qiu said that he didn't want compensation in the first place. He just disliked the discriminatory treatment from the store after the incident became a hot topic. (Hot News)
Dong Yuhui's Promotion of Sofas Triggers Doubts about OEM Production, KUKA Home Responds
Recently, top anchor Dong Yuhui set a single - session sales record of 356 million yuan in the "Journey with Yuhui" live - streaming room. Among them, the turnover of a single sofa product of KUKA Home (603816.SH) exceeded 100 million yuan, which has attracted wide attention in the market.
However, along with the high - volume orders, some netizens have raised doubts about whether the products are produced by third - party OEM manufacturers. According to a report by NBD, on December 29th, a relevant person in charge of KUKA Home responded to reporters, saying, "Regarding the sofas sold by our company in Dong Yuhui's live - streaming room, which are of general concern to everyone, they are all self - made by our company. In terms of production guarantee, the company is currently accelerating production."
According to statistics from a third - party data platform, on December 11th, Dong Yuhui held a five - and - a - half - hour home furnishing special live - streaming session in the "Journey with Yuhui" live - streaming room, with a cumulative sales volume of 356 million yuan. Among them, the sales volume of a functional sofa product launched by KUKA Home exceeded 100 million yuan, making it the sales champion in the live - streaming room that day. (Sina Finance)
Manus Responds to Being Acquired by Meta
On December 30th, Manus officially announced that it was about to join Meta. According to the introduction, Manus will continue to provide users with products and subscription services through its app and website, and the company will continue to operate in Singapore. Xiao Hong, the CEO of Manus, said: Partnering with Meta enables us to develop on a stronger and more sustainable foundation without changing the way Manus operates and its decision - making mechanism. We are full of expectations for the prospect of the cooperation between Meta and Manus. We will continue to iterate on our products and provide users with services beyond expectations - this is the fundamental reason for Manus' existence and development since its launch. (Sina Finance)
Source: SoftBank has fulfilled its $40 billion investment commitment to OpenAI
According to people familiar with the matter, SoftBank has fulfilled its $40 billion investment commitment to OpenAI. According to one person familiar with the situation, the Japanese investment giant disbursed the final investment of $22 billion to $22.5 billion last week. Previously, SoftBank had raised $10 billion for the ChatGPT developer through a syndicated loan and directly injected $8 billion. (Sina Finance)
Lei Jun: I'll Host a New Year's Eve Live Stream, and Engineers Will Dismantle a Car On-Site
36Kr learned that Lei Jun of Xiaomi posted on Weibo, saying, "At 8 p.m. on December 31st, I'll host a New Year's Eve live stream. A few days ago, I watched a video of the disassembly of the SU7 online. Many people suggested disassembling the YU7. During this live stream, I've invited engineers to disassemble a car on-site and have a chat while doing so."
Tesla's 9 millionth electric vehicle globally rolled off the production line at the Shanghai Gigafactory
Tesla's official Weibo account announced that on December 30th, Tesla's 9 millionth electric vehicle globally rolled off the production line at the Shanghai Gigafactory. (Caixin)
Two Departments: In 2026, Individual Consumers Purchasing 4 Categories of Products Such as Mobile Phones Will Receive a Subsidy of 15% of the Product's Selling Price
36Kr learned that the National Development and Reform Commission and the Ministry of Finance issued a notice on implementing a large-scale equipment renewal and consumer goods trade-in policy in 2026.
Support the trade-in of household appliances. Individual consumers who purchase products that meet the Class 1 energy efficiency or water efficiency standards among 6 categories of household appliances, including refrigerators, washing machines, TVs, air conditioners, computers, and water heaters, will receive a subsidy of 15% of the product's selling price. Each consumer can receive a subsidy for 1 item of each product category, and the subsidy for each item shall not exceed 1,500 yuan. Support the purchase of new digital and smart products. Individual consumers who purchase 4 categories of products such as mobile phones, tablets, smart watches and bracelets, and smart glasses (with a single-piece selling price not exceeding 6,000 yuan) will receive a subsidy of 15% of the product's selling price. Each consumer can receive a subsidy for 1 item of each product category, and the subsidy for each item shall not exceed 500 yuan.
CATL Enters the Hydropower Station Business
36Kr learned that, according to reports, on December 29th, Guodian Power, controlled by the National Energy Group, announced that its controlled subsidiary, Guoneng Dadu River Basin Hydropower Development Co., Ltd., together with Sichuan Tieneng Power Development Co., Ltd. and CATL, established Guoneng Dadu River (Danba) Hydropower Development Co., Ltd. with a share ratio of 56.11%:33.89%:10% to invest in the construction and operation of the Dadu River Danba Hydropower Station project. The Aiqicha App shows that Guoneng Dadu River (Danba) Hydropower Development Co., Ltd. was established on November 21st, 2025, with a registered capital of 3.6 billion yuan. Its business scope includes hydroelectric power generation; power generation, transmission, and supply (distribution) services; construction project construction; installation, maintenance, and testing of power transmission, supply, and receiving facilities, etc.
Will iMoutai launch the regular Moutai at 1,499 yuan per bottle in January next year? A relevant person from iMoutai: True
It is rumored that iMoutai will start to launch the Feitian Moutai (500ml, 53% alcohol) on the subscription channel for the first time from January 2026, with a subscription price of 1,499 yuan per bottle. In response, a relevant person from iMoutai clearly stated that the news is true. (Cailian Press)
Zhima Business Credit: Multi-dimensional merchant information supports hourly updates
36Kr learned that recently, Zhima Business Credit, a subsidiary of Ant Group, revealed that its "Solution for Restoring the Business Portrait of Small and Medium-sized Merchants" has served more than 20 large institutional customers in total and played a role in scenarios such as risk control access for financial institutions and marketing to acquire customers for e-commerce and local life platforms. At the same time, it has achieved coverage of 50 million small and medium-sized merchants across the country, integrating online and offline merchant data from multiple industries such as e-commerce, local life, and chain supermarkets, covering multi-dimensional information such as business registration, judicial information, and online sales performance, and supporting hourly updates.
Hefei Pink Baby E-commerce Company under Sanzhiyang to Be Deregistered
36Kr learned that the Aiqicha app shows that recently, Hefei Pink Baby E-commerce Co., Ltd. added a simple deregistration announcement. The announcement period is from December 26, 2025, to January 14, 2026. The company was established in November 2023, with Li Ying as its legal representative and a registered capital of 1 million RMB. Its business scope includes personal business services, personal Internet live - streaming services, organizing cultural and artistic exchange activities, cultural and entertainment brokerage services, etc. Shareholder information shows that the company is wholly - owned by Hefei Sanzhiyang Business Operation and Management Co., Ltd. It is worth noting that Hefei Oupu Sanzhiyang Technology Co., Ltd. under Sanzhiyang was also deregistered recently.
Reports say that Zhou Guorui, vice president of Kuaishou, will leave the company. The official has not responded yet
Market reports indicate that Zhou Guorui, vice president of Kuaishou Technology and head of the basic large - scale model and recommendation model, is about to leave. The internal system shows that he is on leave, and his signature has been changed to "Log Out". As of the time of publication, Kuaishou's official has not responded to this news. (Sina Technology)
South Korean battery material maker L&F's stock price drops after Tesla deal shrinks
South Korean battery material maker L&F's stock price fell 11% on December 30 after a significant cut in its supply agreement with U.S. electric vehicle maker Tesla. According to a filing with regulators, L&F said orders from Tesla dropped from $2.91 billion to $73.86 million. The contract value was revised according to the change in supply volume. L&F won an order from Tesla in 2023 to supply high-nickel cathode materials. (Sina Finance)
The three major U.S. stock indexes closed slightly lower, and large technology stocks showed mixed performance
36Kr learned that at the close on December 30, the three major U.S. stock indexes declined slightly. The Nasdaq fell 0.24%, the Dow Jones Industrial Average fell 0.2%, and the S&P 500 Index fell 0.14%. Large technology stocks showed mixed performance. Intel and Meta rose more than 1%, while Microsoft, Google, and Amazon rose slightly. Tesla fell more than 1%, and Apple, NVIDIA, and Netflix declined slightly. Popular Chinese concept stocks also showed mixed performance. Baidu rose more than 4%, XPeng Motors rose more than 3%, NIO rose 3%, and NetEase and Li Auto rose slightly. JD.com fell nearly 2%, and Alibaba, Pinduoduo, and Bilibili declined slightly.
Disney Agrees to Pay $10 Million Fine to Settle Child Privacy Violation Case with U.S. Justice Department
On December 30 local time, according to a statement released by the U.S. Justice Department, a federal court has approved a settlement agreement to end a lawsuit against two Disney - owned companies for alleged violations of the Children's Online Privacy Protection Act (COPPA). Under the agreement, Disney will pay a $10 million civil fine and accept a court injunction. The Justice Department said that in addition to the fine, the court order also requires Disney not to operate on YouTube in any way that violates the Children's Online Privacy Protection Act and to establish a compliance program to ensure that its future content and data - handling practices on relevant platforms comply with legal requirements. (CCTV News)
Samsung Electronics Reportedly to Supply Automotive Chips for BMW Electric Vehicles
According to people familiar with the matter, Samsung Electronics has started supplying advanced automotive chips for electric vehicles produced by BMW, marking a breakthrough for Samsung Electronics in expanding its automotive parts portfolio. The sources said that Samsung Electronics has provided the Exynos Auto V720 chips for BMW's new iX3 electric vehicle, becoming the main semiconductor partner for BMW's Software-Defined Vehicle (SDV) project. Samsung Electronics will also supply the Exynos Auto V920 processors for the upcoming next-generation BMW 7 Series models. (Sina Finance)
JD.com Reaches 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.
Pop Mart: Deepening Overseas Supply Chain, Partners in Indonesia, Cambodia, and Mexico Start Shipping
36Kr learned that Pop Mart's partners in Indonesia, Cambodia, and Mexico have recently started shipping, further deepening the overseas supply chain layout. Currently, Pop Mart's six global production bases have been fully established, covering overseas regions such as Southeast Asia and Mexico.
Lululemon Founder Calls for Board Reform, Nominates Three Independent Director Candidates
On December 29 local time, Chip Wilson, the founder and major shareholder of Lululemon, announced the nomination of three independent director candidates for 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 executive at ESPN, and Eric Hirshberg, former CEO of Activision. (Jiemian News)
Man Sentenced to Six Months in Prison for Spreading Obscene Videos to WeChat Friends
On December 30th, a reporter from Red Star News learned from the China Judgments Online that the People's Court of Oroqen Autonomous Banner in Inner Mongolia Autonomous Region recently released the first-instance judgment of a case involving the dissemination of obscene materials: The defendant, Li, was found guilty of disseminating obscene materials and was sentenced to six months in prison; the seized items will be handled by the seizure authority in accordance with the law.
According to the prosecution's accusation, from February 2023 to May 2025, the man, Li, spread a total of 458 obscene videos to his WeChat friends through WeChat, of which 114 were non - repetitive obscene videos. After the case was reported, the Public Security Bureau of Oroqen Autonomous Banner identified that 114 of the involved videos were obscene materials.
The defendant did not object to the charges brought by the prosecution and expressed his willingness to plead guilty and accept punishment. The facts found by the court after trial were consistent with those accused by the prosecution. Additionally, it was found that on June 4, 2025, the defendant was detained for ten days by the Public Security Bureau of Oroqen Autonomous Banner for intentionally exposing his genitals. (Red Star News)
First Prize Photo in Contest Questioned as AI-Generated, Organizer: Reappraisal Underway
On December 30th, the first prize-winning photo "Autumn Mist over the Lake" in a photography contest hosted by Fujian Provincial Tourism Development Group has been under continuous public scrutiny for being suspected of being AI-generated. According to public information, the photo is credited to Zhou Moumou, and the prize includes a 1000-yuan cash reward and a cultural and tourism benefit card.
On the morning of December 30th, reporters learned from Fujian Provincial Tourism Development Group that it's still undetermined whether "Autumn Mist over the Lake" was generated by AI. The 188 winning photos selected in the photography contest are being reappraised, and the final list of winners has not been determined yet. (Beijing News)
Going Public in Progress
Xingyu Co., Ltd.
36Kr learned that Xingyu Co., Ltd. announced that the company intends to apply for the initial public offering of overseas - listed foreign shares (H - shares) and list on the Hong Kong Stock Exchange. This issuance and listing comply with the requirements and conditions of relevant domestic laws, regulations and regulatory documents. The board of directors has reviewed and approved relevant proposals, including the proposal to issue H - shares and list on the Hong Kong Stock Exchange, the proposal on the plan for issuing H - shares and listing, etc. In addition, the company has also reviewed and approved the proposal on applying to convert the company into a company limited by shares with overseas - raised funds, the proposal on the plan for using the funds raised from issuing H - shares, etc. This proposal needs to be submitted to the company's first extraordinary general meeting of shareholders in 2026 for review.
Hand Enterprise Solutions Co., Ltd.
36Kr learned that Hand Enterprise Solutions Co., Ltd. announced that the company had submitted an application to the Hong Kong Stock Exchange on December 29 for the issuance of overseas - listed shares (H - shares) and the listing on the Main Board of the Hong Kong Stock Exchange. On the same day, it also published the application documents for this issuance and listing on the Hong Kong Stock Exchange website.
The Cutting - Edge of AI
Tencent Hunyuan Open-Source Translation Model 1.5, Deployable on the Edge
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 among 33 languages and 5 ethnic-Chinese/dialect translations. In addition to common languages such as Chinese, English, and Japanese, they also cover minority languages like 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.
Baidu Smart Cloud Launches Full-Stack AI Solution
36Kr learned that Baidu Smart Cloud has launched a cloud-intelligence integrated solution from chips, frameworks to platforms for the consumer electronics industry, building 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 Big Boat AI Computing Platform; at the Agent Infra layer, Baidu Smart Cloud solves the pain point of enterprises "reinventing the wheel" through Qianfan Platform, providing the consumer electronics industry with full-process engineering capabilities covering model invocation, model deployment, toolchains, and knowledge enhancement.
Musk Discusses AI and Autonomous Driving Collaboration with Netanyahu, to Visit Israel in March Next Year
The office of Israeli Prime Minister Benjamin Netanyahu revealed on December 29 that Netanyahu held a phone call on December 28 in Florida with American billionaire Elon Musk, Israeli Minister of Transport Miri Regev, and Head of the National Artificial Intelligence Authority Erez Askal. According to the Israeli Prime Minister's Office, Musk said he would attend an intelligent transportation conference to be held in Israel in March next year. During the phone call, the participants also discussed "ongoing cooperation with Tesla and the legislative progress regarding autonomous vehicles." They discussed "promoting and developing artificial intelligence technology in Israel" during the December 28 phone call. (Sina Finance)
Moore Threads Launches AI Computing Power Notebook MTT AIBOOK
36Kr learned that on December 20th, at the site of the first MUSA Developer Conference, Moore Threads officially launched its strategic terminal product, the AI computing power notebook MTT AIBOOK.
Investment and Financing
"Taixinwei" Announces Completion of a New Round of Nearly 100 Million Yuan in Financing
36Kr learned that recently, "Taixinwei", a manufacturer of automotive-grade SoC chips, announced the completion of a new round of financing of nearly 100 million yuan. This round of financing was jointly invested by Hubei KeTou Yangtze River Venture Capital Investment Fund Partnership (Limited Partnership), Changda Industrial Investment Mother Fund Partnership (Limited Partnership), and Core Intelligence Industrial Investment Fund Partnership (Limited Partnership). This round of financing will further expand Taixinwei's regional strategic layout and business development.
"Fanlian Xin'an" Completes a New Round of Financing
36Kr learned that on December 30th, "Fanlian Xin'an" announced the completion of a new round of financing. This round of financing was led by domestic leading venture capital institution Fortune Capital, and old shareholders such as China Internet Investment Fund (CIIF) and Junxi Capital continued to increase their investments. The financing funds will be mainly used for the comprehensive AI upgrade of supporting tools, in - depth research and development of large models and intelligent agents in the field of intelligent manufacturing, and the construction of the market ecosystem in key industries.
Jason Entertainment Completes a New Round of Strategic Financing Worth Hundreds of Millions of Yuan
36Kr learned that on December 29th, "Jason Entertainment" announced the completion of a new round of strategic financing worth hundreds of millions of yuan. This round of financing was jointly invested by the CCTV Media Convergence Fund, 37 Interactive Entertainment, and the Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Fund. Existing shareholders Mingyu Venture Capital and Hengdian Capital continued to increase their stakes. The funds obtained this time will be mainly used in two directions: Firstly, to deepen the product innovation and matrix expansion of core IPs, promote the iteration of its main product lines such as trading cards, soft toys, cute figurines, plush toys, board games, and trendy collectibles, and explore more diverse new product forms; Secondly, to accelerate market development. The funds will support the layout of domestic channels and the systematic expansion of overseas markets, aiming to establish a more balanced global business network.
Cool Products
Tesla's official Weibo account unveils the design sketches of the new Model Y Performance
On December 30th, Tesla's official Weibo account announced that the designer sketches of the Model Y L were unveiled for the first time, and it also revealed the design sketches of the new Model Y Performance. In September this year, Tesla announced that the new Model Y Performance was launched in the United States, with a starting price of $57,500. Currently, the new Model Y Performance has not been launched in the Chinese market. (Jiemian News)
Compiled | Chenxi