36Kr Evening News | Tesla Cuts Prices in South Korea; Unitree's First Global Store Opens at JD Mall; MiniMax's Hong Kong IPO Reportedly Gets Multiple Subscriptions
Large Companies:
36Kr learned that a research report by China Galaxy Securities stated that we believe domestic EDA is in a triple - resonance period of "policy drive + technological breakthrough + high - growth demand". In the short term, focus on domestic substitution and mergers and acquisitions; in the medium term, look at full - process coverage and AI empowerment; in the long term, aim for an increase in global market share. It is recommended to pay attention to the long - term investment value of core targets in the industrial chain.
Tesla Cuts Prices in South Korea
According to Businesskorea, on December 31, Tesla cut the prices of its cars sold in South Korea by up to 9.4 million won to ensure price competitiveness and expand market share. After this price cut, the price of the Model 3 Performance All - Wheel Drive version dropped to 59.99 million won, a reduction of 9.4 million won from the previous 69.39 million won. The price of the Model Y Performance All - Wheel Drive version dropped to 59.99 million won, a reduction of 3.15 million won from the previous 63.14 million won. The price of the Model Y Rear - Wheel Drive version dropped to 49.99 million won, a reduction of 3 million won from the previous 52.99 million won. (Sina Finance)
Xiaomi Auto Plans to Launch 4 New Models Next Year, Including 2 Extended - Range Ones
36Kr learned from industry sources that Xiaomi Auto initially plans to launch 4 new models next year, namely the modified SU7, the administrative version of SU7, an extended - range five - seat SUV, and an extended - range seven - seat SUV. A person familiar with the matter revealed that the modified SU7 and the extended - range seven - seat SUV are initially planned to be launched in the first half of the year, while the administrative version of SU7 and the extended - range five - seat SUV are planned to be launched from the second half of the year to the end of the year.
US Federal Agencies Launch Investigation into Large - Scale Social Welfare Fraud in Minnesota
US federal authorities launched a large - scale investigation this week into alleged fraud at childcare centers and other facilities in Minnesota. After a viral video on social media claimed to have discovered $110 million in fraudulent payments, scrutiny of the state's supervision of public assistance programs has been strengthened. (Sina Finance)
On December 31, SoftBank Group said in a statement that it completed a $22.5 billion additional investment in OpenAI on December 26, fully fulfilling its investment commitment to OpenAI made in March. Currently, its total shareholding ratio in OpenAI is about 11%. SoftBank said that with the additional $11 billion subscribed and participated in by other third - party co - investors, the final $41 billion investment commitment is now fully in place. (Jiemian)
Guojin Securities: Silver Has Higher Short - Term Elasticity
36Kr learned that Guojin Securities pointed out that looking forward to 2026, when the market's pricing logic of "AI uncertainty" remains unchanged, a lack of order is still a favorable environment for gold. When the AI bubble and gold form a "dumbbell", gold as insurance for AI holdings has realized its value at its peak. Silver, as an asset with both "gold - like" attributes and a narrative related to AI power, has higher short - term elasticity. However, once the AI narrative becomes clear, the narratives of gold and silver may also return to rationality.
xAI, Founded by Elon Musk, Acquires a Third Building to Expand AI Computing Power
Elon Musk said on Tuesday that his artificial intelligence startup xAI has acquired a third building to expand its infrastructure, aiming to increase the model training computing power to nearly 2 billion watts. This latest expansion shows xAI's ambition - the company hopes to compete more effectively with industry leaders (OpenAI's ChatGPT and Anthropic's Claude) by training more advanced large models. xAI's supercomputer cluster in Memphis, Tennessee, called "Colossus", is hailed as the world's largest supercomputer cluster. (Sina Finance)
Investment and Financing:
Kimi Completes $500 Million Series C Financing, with Over 10 Billion in Cash on Hand
36Kr learned that Yang Zhilin, the founder and CEO of Dark Side of the Moon, said in an internal letter to all employees today that the company has completed a $500 million Series C financing and has a cash reserve of over 10 billion yuan. The letter revealed that the monthly growth rate of Kimi's global paying users is 170%. Driven by the K2 Thinking large model, Kimi's large - model API revenue overseas has increased fourfold. It is understood that this round of financing was led by IDG, and old shareholders of Dark Side of the Moon, such as Alibaba and Tencent, over - subscribed. The post - investment valuation of the company reached $4.3 billion.
Caocao Chuxing Acquires Yaoyue Chuxing and Plans to Acquire Geely Business Travel
36Kr learned that on December 30, Caocao Chuxing announced two important strategic acquisitions: acquiring 100% of the equity of Weixing Technology Co., Ltd.; and planning to acquire 100% of the equity of Zhejiang Geely Business Service Co., Ltd. After the completion of the two acquisitions, Yaoyue Chuxing and Geely Business Travel will become wholly - owned subsidiaries of Caocao Chuxing.
UFactory Initiates A - Share Listing Counseling
36Kr learned that the CSRC website disclosed that Shenzhen UFactory Technology Co., Ltd. completed the counseling filing registration with the Shenzhen Securities Regulatory Bureau on December 30, 2025, and plans to issue shares to the public for the first time and be listed. The counseling brokerage is Guotai Haitong Securities.
Weijing Medical Completes Hundred - Million - Level Series B+ Financing
36Kr learned that Weijing Medical announced today that it has completed a hundred - million - level Series B+ financing. This round of financing was exclusively invested by Guotai Junan Innovation Investment Co., Ltd., a subsidiary of Guotai Haitong Securities. At the same time, strategic shareholder Kangji Medical continued to increase its investment. Gelu Capital served as the exclusive financial advisor for this transaction. The funds raised will be mainly used to accelerate the product commercialization process and promote the R & D and clinical registration of new - generation products.
AnyWit Robotics Completes Tens of Millions of Yuan in Pre - A+ Round Financing
AnyWit Robotics recently officially completed tens of millions of yuan in Pre - A+ round financing, which is the second equity financing completed by the company in 2025. This round was led by Didi Strategic Investment, followed by Chuxin Capital. Yunxiu Capital, as the leading investor in AnyWit Robotics' angel round, continued to serve as the exclusive financial advisor for this round. After this round of financing, the company will further increase resource investment, focusing on three major directions: R & D of core components, acceleration of product engineering, and commercial promotion in key areas.
New Products:
Zhuoyue Announces Entry into the Heavy - Truck and Driverless Logistics Vehicle Fields
36Kr learned that at the Zhuoyue Brand Festival 2025, Shen Shaojie, the CEO of Zhuoyue Technology, revealed that Zhuoyue has launched a heavy - truck high - speed NOA project and has established cooperation with three leading customers in the industry, XCMG, Shaanxi Automobile, and Sinotruk. The first batch of heavy - truck models will be officially mass - produced in the first half of 2026. At the same time, Zhuoyue is jointly designing and defining driverless logistics vehicles with leading commercial vehicle companies for the intelligent transformation of scenarios such as mines and ports.
Unitree's Global Flagship Store Opens at JD Mall
36Kr learned that recently, JD.com and Unitree reached a cooperation. Unitree's global flagship store opened at JD Mall's Shuangjing Store in Beijing and opened today. Previously, JD.com launched the "Intelligent Robot Industry Acceleration Plan" and announced that it will invest over 10 billion yuan in the intelligent robot field, helping 100 intelligent robot brands achieve a turnover of over 1 billion yuan in three years. Currently, JD.com has gathered brands such as Unitree, Zhiyuan, Tiangong, and Zhongqing. At the same time, it has innovatively launched a self - operated robot leasing service to continuously lower the threshold for users to experience and use robots.
On December 31, the Quark AI glasses equipped with the Qianwen AI assistant received their first feature update. The upgraded 1.2.1 new system added five new features, including recording summaries, image - text memos, multi - intention understanding and execution, and blue ring payment. In addition, the number of languages supported for on - the - go translation has increased to 89, and functions in scenarios such as travel reminders and music playback have also been optimized. A highlight of this upgrade is the multi - intention understanding and execution supported by the large model. The upgraded Quark AI glasses support understanding and executing 2 - 3 compound tasks. In the recording scenario, the Quark AI glasses support sound collection within a ten - meter range, can accurately identify different speakers, and can also conduct AI key - point extraction based on the recording content and automatically generate to - do lists.
Today's Views:
36Kr learned that the China Securities Regulatory Commission issued a notice on promoting the high - quality development of the real estate investment trust (REITs) market. It mentioned continuously improving the market ecosystem. Improve REITs issuance and trading mechanisms, optimize market - oriented REITs valuation and issuance pricing mechanisms, and standardize issuance behaviors such as promotion, inquiry, pricing, and placement. Combine the operating characteristics and risk - return characteristics of real estate to strengthen REITs information disclosure and market constraints. Continuously strengthen communication and coordination with relevant departments, actively promote the implementation of REITs supporting policies, and enhance policy synergy. Accelerate the formulation of special REITs legislation and departmental regulations, focus on enhancing the inclusiveness and adaptability of the system, and consolidate the legal foundation for the high - quality development of the REITs market. Improve the multi - level REITs market system.
Other Noteworthy News:
India Says Its GDP Has Surpassed Japan's and Aims to Overtake Germany in Three Years
An end - of - year economic assessment report released by the Press Information Bureau of India on December 29 showed that India's gross domestic product (GDP) has now exceeded Japan's, making it the world's fourth - largest economy, and it is expected to overtake Germany in three years. The report titled "2025: A Crucial Year for India's Economic Growth" stated that India is one of the world's fastest - growing major economies and is well - positioned to maintain this momentum. "India's GDP reached $4.18 trillion, surpassing Japan to become the world's fourth - largest economy, and is expected to replace Germany in the next two and a half to three years and enter the top three in the world. By 2030, India's GDP is expected to reach $7.3 trillion." It is reported that this report is only a preliminary estimate, and the official final data will be based on the annual GDP accounting data released in 2026. (CCTV News)
MiniMax's Hong Kong IPO Allegedly Gets Multiple - Times Subscription
MiniMax's Hong Kong IPO is allegedly over - subscribed by multiple times. (Cailian Press)