8 a.m. Kr 36: The team behind the "Are You Dead?" app responds to the controversy again; Lu Weibing, President of Xiaomi Group, refutes the rumor of his resignation; The first domestic case of an AI developer being sentenced to prison for porn-related offenses is pronounced.

Today's Hot Topics Guide

• Pop Mart will launch an IP co - branding cooperation with Honor phones
• Zhang Zetian has opened her personal blog "Xiaotian Zhang" and a Xiaohongshu account
• Hongzhen Investment Company under Zong Fuli has changed its name, removing "Wahaha" from it
• Officially: Medical institutions are not allowed to provide funeral services or outsource morgues
• The payment price of 43 - degree Feitian Moutai is proposed to be reduced to 739 yuan per bottle

TOP 3 Big News

The "Are You Dead?" APP Team Responds to Controversies Again and Considers a $500,000 Financing

On January 11th, the team behind the "Are You Dead?" APP, which topped the list of paid apps on the App Store in a short period, issued a new statement, responding once again to issues such as the app's name, feature optimization, and pricing. The team stated that "Are You Dead?" was founded and independently operated by three post - 1995 individuals. They didn't expect to receive extensive external attention recently and said they were "deeply honored and truly grateful." Next, the team will focus on product refinement. Regarding many people's suggestions to change the name of "Are You Dead?" to "Are You Alive?" or "Are You Okay?", the team said, "We appreciate everyone's active suggestions for the new name, and we will seriously study and consider them all." Mr. Lü, the founder of Yuejing (Zhengzhou) Technology Service Company, the developer of the "Are You Dead?" App, said that the early cost was less than $1,500, and the current download volume is about 300 times higher than before. The app mainly makes a profit through users' purchases, and the price is expected to rise to $14 or $15 later. "We are also considering a financing of approximately $500,000." (Jiemian News, Southern Metropolis Daily)

After rumors of his departure, Lu Weibing of Xiaomi posted: "Going to work today."

Recently, market rumors have it that Lu Weibing, a partner and president of Xiaomi Group, has resigned, which has caught the attention of some netizens. According to Weibo search data, the topic "Lu Weibing of Xiaomi resigns" has received 606,000 views. It's worth noting that Lu Weibing's Xiaomi position on his Weibo verification remains unchanged. On January 12th, Lu Weibing reposted a post about Xiaomi's car news and captioned it "Going to work today", using his work update to refute the resignation rumors. (21st Century Business Herald)

Developer Gets Sentenced for Users' Obscene Chats with AI: Second Instance of China's First AI Service Porn-related Sentencing Case Imminent

It is reported that the main developers and operators of an APP were held criminally liable because a large number of users had obscene chats with the AI agent on the APP. In September 2025, the Xuhui District People's Court of Shanghai rendered a first-instance judgment. Two defendants were convicted of the crime of producing pornographic materials for profit and were sentenced to four years and one and a half years in prison respectively. This case has become the first in China where an AI service provider has been sentenced for porn-related offenses.

The APP involved in the case, Alien Chat (hereinafter referred to as AC), is an AI companion chat application targeting the young population to provide intimate companionship and emotional support. After registering as a member on AC, users can chat with the AI. According to the judgment, AC has 116,000 mobile registered users, including 24,000 paying users. As of the time of the incident, the total membership recharge fees collected amounted to more than 3.63 million yuan. After registering as a member, users can create their own virtual characters or use publicly available virtual characters created by others to interact and chat with the large language model through the software.

In the comment section of an official social media account of AC, many users described this AI product as "smart" and "less restricted." Some users also said that other users' obscene chats with the characters had "corrupted" the AI model, affecting their own chat experience. The first-instance court held that AC had generated "a large amount of content that specifically depicts sexual acts or explicitly promotes porn," which is considered pornographic material. Reporters learned that the two defendants appealed against the judgment, and the second instance of the case will be heard at the Shanghai No. 1 Intermediate People's Court on January 14. (Beijing News)

Big Companies/Big Events

Pop Mart: No Plan to Develop Mobile Phones, Will Launch IP Co - branding Collaboration with Honor Mobile Phones

Recently, a digital technology blogger posted that Pop Mart would launch "trendy mobile phones" this month, and it was highly likely to cooperate with a relatively young mainstream mobile phone brand. On January 12th, a relevant person from Pop Mart responded, "The company has no plan to develop mobile phones. In the near future, it will launch an IP co - branding collaboration with a well - known mobile phone brand." (China News Service)

Zhang Zetian Launches Personal Podcast "Xiaotian Zhang" and Red Book Account

On January 12th, Zhang Zetian launched a personal podcast named "Xiaotian Zhang" on the podcast platform Xiaoxiangyu. This account also started operating on the Red Book simultaneously. The first interview guest was Carina Lau. As of press time, within three hours, the number of podcast subscriptions for this account exceeded 13,000, and the number of Red Book followers exceeded 40,000, with the number of followers still growing rapidly. (Cailian Press)

Zong Fuli's Hongzhen Investment Company Changes Name, Removing "Wahaha"

36Kr learned that recently, Hangzhou Wahaha Hongzhen Investment Co., Ltd. underwent industrial and commercial changes. The company's name was changed from Hangzhou Wahaha Hongzhen Investment Co., Ltd. to Hangzhou Hongzhen Investment Co., Ltd. The company was established in December 2007 with a registered capital of 180 million yuan. Its business scope includes industrial investment, and it is wholly owned by Zong Fuli.

Ctrip Accidentally Sent a Mass Lay - off Notice Late at Night

Recently, netizens reported that Ctrip accidentally sent a mass lay - off notice to its employees. The content of the circulated notice showed that the text message started with "Hello, XX, thank you for accompanying us all the way" and informed employees that they could continue to log in to the internal communication software trappal with their mobile phone numbers and use the next - stage service number to get more services for laid - off employees. According to insiders at Ctrip, this fiasco was due to the offline of the internal communication software trappal. When shutting down the function of binding associated mobile phone numbers, the staff failed to turn off the pre - set text message reminder in the system in advance. Some employees added that the mis - sent notices mainly covered all employees in the HBU business line, and employees in other business lines had not received such notices for the time being. Some employees also came forward to say that they had received the text messages and the organizational structure of their entire department was no longer visible. According to Sina Finance, this incident was not a real lay - off or departure arrangement but an internal system operation error. After the incident, Ctrip clarified the situation to employees through internal OA, enterprise WeChat and other channels, stating that this was a fiasco during the system testing phase and there was no plan for mass lay - offs, and apologized to the affected employees. (Bianniushi, Sina Finance)

"Crying Horse" Triggers a Buying Frenzy, Yiwu Merchants Urgently Expand Production

Recently, the "Crying Horse" has topped the hot search lists on major social media platforms and is hailed by netizens as the first "dark horse" cultural and creative product of the new year. Reporters found that after the plush toy unexpectedly became popular, many netizens inquired with merchants about purchasing this "Crying Horse" model. Merchants said they didn't expect it to become a hit due to customers' sharing. Currently, they are working on an urgent production schedule and promised not to raise the price. The factory's production lines have been urgently expanded from two to more than a dozen, with a daily output reaching 15,000 pieces. In addition, the merchants have applied for a design patent for the "Crying Horse". It is understood that when workers were sewing the Year of the Horse dolls, they accidentally sewed the upturned mouth corners downward, resulting in a "wronged face" with drooping mouth corners, rosy cheeks and downward - facing nostrils. Originally, it was a defective product. The wronged expression of the "Crying Horse" has struck a chord with netizens. It can be used for complaining and stress - relief as well as curing the emo mood, turning from an ordinary plush toy into a new social favorite. (CCTV Finance and Economics, China News Service)

Official: Medical institutions are not allowed to provide funeral services or outsource the morgue

On January 12, six departments including the National Health Commission issued the "Regulations on the Whole - Process Service Management of Deceased Patients in Medical and Health Institutions", clarifying that for normal deaths with a clear cause of death, medical institutions are required to issue a death certificate within one day after the death occurs or is reported by the family members. In principle, the temporary storage time of the deceased patient's body in the medical institution shall not exceed 24 hours. In addition, medical institutions are strictly prohibited from providing funeral services or outsourcing the morgue, and actions such as reselling death certificates and leaking the information of the deceased's family members will be severely cracked down on. (Yicai Global)

The price of domestic gold jewelry has risen following the international gold price, reaching a maximum of 1,429 yuan per gram.

The international spot gold price has historically broken through $4,600 per ounce in the early trading session, and the domestic gold price has strengthened accordingly. A comparison of domestic gold jewelry prices on January 12 showed that the prices of pure gold jewelry in the Chinese market announced by multiple brands increased significantly compared with the previous day, with many quotes ranging from 1,420 to 1,430 yuan per gram. (Jiemian News)

Dior's New Style Backfires, Accused of Mocking Hardworking People

Recently, many netizens posted on social platforms such as Xiaohongshu, saying that the new design style of Dior stores has changed significantly and is suspected of "mocking hardworking people". This is the brand - new style that Dior has launched globally since January this year. In the new displays, there are not only models in suits carrying a large number of boxes, but also models in pastoral - style clothing peeping through the windows. These new displays were pointed out by netizens: "The models look like poor, hardworking people in the Middle Ages. The sense of being a hard - working person just overflows the screen." Some netizens also said, "At first glance, it looks like Uniqlo." These comments have received a lot of likes from netizens. Some netizens said that when they saw the mannequins in suits worth tens of thousands of yuan in the photos in the pose of "workers carrying a mountain of express delivery boxes", what they felt was not empathy but mockery. Such an image shows that even if you work hard to buy Dior products, you will still be like a hard - working person facing a mountain of pressure. In the past, consumers bought into Dior for emotional reasons, but now this design makes people lose their temper. (Sina Technology)

The English trademark of Tianjin's "Goubuli" steamed buns is "GO BELIEVE", and the store responds: It's true

Recently, a netizen posted on social media that they saw the English name of Goubuli steamed buns on the brand sign of a store in a mall was actually "Go Believe", which attracted a lot of attention. In response, a staff member of a Goubuli steamed bun store in Tianjin explained that the English trademark was indeed registered many years ago. The purpose is both to cater to market preferences and to facilitate the introduction to foreign guests. (Daily Economic News, Yicai Global)

Connie Electric's Latest Response: Rehiring 8 Former Executives with an Annual Salary of 5.8 Million, the Oldest Nearly 90 Years Old

After a notice from a listed company on the A-share market sparked heated discussions about rehiring 8 former executives with an annual salary of 5.8 million yuan and the oldest being nearly 90 years old, the company has now given its latest response. In the evening of January 11th, Connie Electric (603111.SH) disclosed the record of investor relations activities. The company's Chairman Chen Lei, Board Secretary Tang Weihua, and Securities Affairs Representative Zhang Yuye participated in the research. The meeting was held on January 9th. Among other things, explanations were provided on issues such as the necessity of rehiring the 8 individuals and the rationality of their compensation. "Currently, the company is at a critical stage of transformation and development. Maintaining the stability of the main business in the rail transit sector is an important prerequisite for the company's sustainable development. In order to fully leverage their professional value, the company has hired them for non-executive positions to continue contributing to the company's high-quality development," Connie Electric stated. (Jiemian News)

Golden Emperor Chocolate Apologizes for Being Questioned about "Borderline Marketing"

In recent years, Golden Emperor Chocolate, which was a childhood memory for those born in the 1980s and 1990s, has become popular on the Internet. The teddy - bear shape is the brand's memory anchor point. Recently, netizens found that the content posted by the brand on social platforms seemingly contained "borderline" advertising slogans, such as "The teddy bear gets bigger? It's because you can hold it now!", which made netizens uncomfortable. Some consumers also thought it was playing with homophones to create a meme. On January 12th, Golden Emperor Chocolate issued an apology statement, apologizing for the improper display of marketing content. The statement said that the system of the advertising platform automatically optimized the content into a big - character poster for external display. After the advertisement was launched, Golden Emperor failed to follow up on the display deviation in a timely manner, resulting in the exposure of improper content. The original intention of the content was to explain whether the replicated teddy - bear - shaped chocolates were smaller in size than those bought in childhood. The core was to tell that the product was replicated in a 1:1 ratio according to the original version. (Yicai Global)

Yonghui Superstores: The net profit attributable to shareholders of the listed company is expected to be negative in 2025

36Kr learned that Yonghui Superstores announced that the company's finance department has preliminarily estimated that the net profit attributable to shareholders of the listed company is expected to be negative in 2025, and the company's operating performance will incur losses in 2025.

The payment price of 43% ABV Feitian Moutai is proposed to be reduced to 739 yuan per bottle, and the retail price will be lowered accordingly

Reporters learned from channel insiders that 43% ABV Feitian Moutai may implement a new price, with both the payment price and the retail price being lowered. Among them, the payment price will be reduced to 739 yuan per bottle; in 2025, the in - plan payment price of 43% ABV Feitian Moutai was 798 yuan per bottle, and the out - of - plan payment price was 989 yuan per bottle. Previously, the recommended retail price of 43% ABV Feitian Moutai was 1099 yuan per bottle; currently, its official price on iMoutai is 829 yuan per bottle. After the reduction of the payment price for dealers, based on the latest retail price, 43% ABV Feitian Moutai is still expected to have a gross profit margin of about 10%. The overall sales scale of 43% ABV Feitian Moutai accounts for a relatively small proportion of Kweichow Moutai's overall revenue. (Caixin Press)

Walmart Collaborates with Google Gemini to Help Consumers Easily Find and Purchase Products

Walmart and Google announced on the 11th that consumers will soon be able to more conveniently select and purchase products from the retail giant and its Sam's Club through Google's AI assistant, Gemini. (Sina Finance)

Brain-Computer Haihe Laboratory: Developed the fifth-generation in-orbit brain-computer interaction system for space stations in the aerospace field and completed the world's first "space brain-computer interface experiment"

36Kr learned from the official WeChat account of the Brain-Computer Interaction and Human-Machine Coordination Haihe Laboratory that recently, New Industrialization, a journal supervised by the Ministry of Industry and Information Technology and hosted by the China Center for Information Industry Development, published a signed article titled "Connecting the technology chain and completing the talent chain to promote the transformation and application of brain-computer interface scientific and technological achievements" by Ming Dong, the director of the Brain-Computer Interaction and Human-Machine Coordination Haihe Laboratory and the vice president of Tianjin University. Ming Dong mentioned that the team of the Brain-Computer Interaction and Human-Machine Coordination Haihe Laboratory at Tianjin University focuses on the field of non-invasive brain-computer interfaces and continuously promotes technological innovation and industrialization. At present, a full-chain layout integrating high-performance devices, chips, algorithms, platforms, system integration, key foundations, and applications has been formed. In the field of clinical applications, the full-spectrum products of the "Shenggong" brain-computer interaction innovative medical devices developed by Tianjin University have been successively launched, gradually covering clinical scenarios such as stroke rehabilitation, spinal cord injury motor assistance, depression diagnosis and treatment, and auditory disorder diagnosis and treatment. In the aerospace field, the team designed and developed the fifth-generation in-orbit brain-computer interaction system for space stations, completed the world's first "space brain-computer interface experiment", and achieved important applications in subsequent manned spaceflight missions. It serves the accurate detection of astronauts' functional and emotional states, enhances the efficiency of astronauts, and provides key technical support for the new generation of medical and human factors support systems for China's manned spaceflight project.

iOS 26.4 May Bring Major Upgrades to the Health App, with the Official Version Expected to Be Released in Spring

It is reported that Apple will make significant upgrades to the Health app in iOS 26.4, introducing a "new category layout" and "simplified metric recording." If everything goes as planned, we could see the beta version of iOS 26.4 as early as next month (February), and the official version is expected to be released in spring.

Previously, Bloomberg reporter Mark Gurman also revealed that Apple will upgrade the Health app by introducing a meal tracking feature, aiming to help users track their calorie intake and assist them in losing weight. In addition, there were also reports that Apple plans to launch another video service similar to Apple Fitness+. Users will be able to watch medical introduction videos from professional physicians to obtain health advice information. (IT Home)

The three major U.S. stock indexes closed higher collectively, with the Dow Jones and S&P 500 indexes hitting new closing highs

36Kr learned that at the close on January 12, the three major U.S. stock indexes closed higher collectively. The Dow Jones Industrial Average rose 0.17% to a new closing high, the S&P 500 Index rose 0.16% to a new closing high, and the Nasdaq Composite Index rose 0.26%. Large technology stocks had mixed performances. Google rose 1%, and its market value exceeded $4 trillion. Tesla, NVIDIA, and Apple rose slightly. Meta fell more than 1%, and Microsoft and Amazon fell slightly. Most popular Chinese concept stocks rose. Alibaba rose more than 10%, Bilibili and XPeng Motors rose more than 8%, Baidu and Weibo rose more than 6%, JD.com, NetEase, and NIO rose more than 4%, Li Auto and iQiyi rose more than 2%, and Pinduoduo fell more than 1%.

Acquisition Hits Another Snag: Paramount Sues Warner Bros for Details of Its Deal with Netflix

On January 12th local time, Paramount Skydance filed a lawsuit, demanding that Warner Bros Discovery provide more details about its $82.7 billion deal with Netflix. The company also stated that it plans to nominate directors to join Warner Bros' board of directors. This is one of the most aggressive moves it has taken to convince investors that its $108.7 billion all - cash acquisition offer is superior to Netflix's cash - plus - stock deal. (CCTV News)

ZDM: The cooperation with MiniMax has not had a substantial impact on the company's current main business

36Kr learned that ZDM issued an announcement on abnormal fluctuations in stock trading, stating that the company has noticed that the market has shown high attention to MiniMax-related concepts recently, and some platforms have included the company's stocks in the MiniMax concept stocks. The company hereby provides the following explanations regarding relevant matters: On July 29, 2024, the company announced through its official WeChat account that it had reached an official partnership with the large model company MiniMax. The large model product Conch AI under MiniMax has now been integrated into ZDM's "Enhanced Toolset for Consumption Large Model". Based on Conch AI's price comparison strategy, users can quickly compare prices and jump to the purchase page through the "floating ball" function of Conch AI. Currently, this cooperation has not had a substantial impact on the company's current main business.

Meta Appoints Dina Powell McCormick as President and Vice Chair

Meta announced on January 12th local time that Dina Powell McCormick will join the company as President and Vice Chair. She was previously a member of Meta's board of directors. The statement said that McCormick will assist in guiding the company's overall strategy and execution. She will work with the computing and infrastructure teams to ensure that Meta's multibillion - dollar investments achieve their intended goals. In addition, she will also focus on establishing new strategic capital partnerships and exploring innovative ways to expand Meta's long - term investment capabilities. McCormick served as a partner and held multiple senior leadership positions at Goldman Sachs and was the Deputy National Security Advisor during the first term of U.S. President Trump. (Jiemian News)

Jia Jianxu, President of SAIC Motor, Visits Ren Zhengfei, Founder of Huawei

36Kr learned that, according to SAIC Motor, on January 8, 2026, Jia Jianxu, President of SAIC Motor, led a team to Shenzhen to visit Ren Zhengfei, the founder of Huawei. The two sides conducted in - depth and comprehensive exchanges on topics such as deepening cooperation on the Shangjie brand, future project planning, and the development and transformation of the intelligent vehicle industry.

NVIDIA and Eli Lilly to Co-Invest $1 Billion in AI Drug Laboratory

NVIDIA and Eli Lilly announced the establishment of the first joint innovation laboratory focused on applying artificial intelligence to the challenges of drug development. The laboratory will bring together Eli Lilly's globally leading expertise in drug discovery, development, and manufacturing, as well as NVIDIA's technological advantages in artificial intelligence, accelerated computing, and AI infrastructure. The two parties plan to invest up to $1 billion in talent, infrastructure, and computing resources over the next five years. (Sina Finance)

Duolingo CFO Matt Skalupa to Step Down After Nearly Six Years

Duolingo said on January 12 that its Chief Financial Officer Matt Skalupa will step down after nearly six years in the role. Skalupa is a key executive who helped the language learning app developer go public. His departure marks the exit of a key figure from the company. (Sina Finance)

Going Public in Progress

XPeng Motors

According to people familiar with the matter, XPeng Motors has hired banks to assist its flying car division in conducting an initial public offering (IPO) in Hong Kong. People familiar with the matter revealed that XPeng Motors, a Chinese electric vehicle manufacturer, has selected JPMorgan Chase and Morgan Stanley to prepare for its listing. As the information is confidential, the people familiar with the matter requested anonymity. They also said that XPeng Motors has secretly submitted a listing application and the IPO could be completed as early as this year. (Sina Finance)

Qiangnao Technology

It is reported that Qiangnao Technology, one of the "Six Little Dragons" in Hangzhou, has submitted an IPO application for the Hong Kong Stock Exchange in a confidential manner. (Sina Finance)

Yuanji Food

On January 12, Yuanji Food Group Co., Ltd. (referred to as "Yuanji Food") submitted a listing application to the Hong Kong Stock Exchange and plans to be listed on the Main Board of the Hong Kong Stock Exchange. The joint sponsors are Huatai International and GF Securities. Yuanji Food owns the catering brand "Yuanji Cloud Dumplings" and the retail brand "Yuanji Taste Enjoy". According to its prospectus, in 2023 and 2024, Yuanji Food achieved operating revenues of 2.026 billion yuan and 2.561 billion yuan respectively, a year - on - year increase of 26%. The adjusted net profit in the first nine months of 2025 was 192 million yuan, a year - on - year increase of 31%.

Best

36Kr learned that on January 12, according to documents from the Hong Kong Stock Exchange, Zhenjiang Best New Materials Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange. Guotai Haitong is the sole sponsor.

Baike Electronics

36Kr learned that on January 12, documents from the Hong Kong Stock Exchange showed that Hangzhou Baike Electronics Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with China Merchants Securities (HK) as the sole sponsor.

V-Micro Semiconductor

36Kr learned that on January 12, according to documents from the Hong Kong Stock Exchange, Shenzhen V-Micro Semiconductor Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with GF Securities as the sole sponsor.

Qian Dama International Holdings Limited

36Kr learned that on January 12, documents from the Hong Kong Stock Exchange showed that Qian Dama International Holdings Limited submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation and Agricultural Bank of China International.

The Cutting - Edge of AI

Google and Apple Reach Multi-Year AI Cooperation Agreement to Support Voice Assistant Siri

On January 12th local time, Apple and Google announced that they had reached a multi-year cooperation agreement. Apple's next-generation foundation models will be built based on Google's Gemini models and cloud technology. These models will support Apple's future intelligent features, including a more personalized Siri to be launched this year. (Jiemian News)

Google Removes Some AI Overviews Amid Allegations of False Health Information

An investigation found that some information provided in Google's "AI Overviews" was false and misleading. Among these AI overviews that appear at the top of search results, some contain inaccurate health information, putting users at potential risk of harm. For example, when users search for "What are the normal ranges for liver function blood tests," the AI overview would provide a bunch of numbers but lack background information and fail to consider the patient's nationality, gender, race, or age. Currently, Google has removed the AI overviews for the queries "What are the normal ranges for liver function blood tests" and "What are the normal ranges for liver function monitoring." (Cailian Press)

Former Google and Apple researcher raises $50 million for New Visual AI startup

Senior artificial intelligence researcher Andrew Dai said that after 14 years at Google DeepMind, he has recently left and will launch a new startup focused on developing artificial intelligence models that can simultaneously understand and process text, image, video, and audio data. Dai and another person familiar with the matter revealed that the new startup, called Elorian, is in talks with investors for a seed round of financing of about $50 million. (Sina Finance)

Zhujidongli Releases Embodied Agent OS System LimX COSA

36Kr learned that Zhujidongli has released the embodied agent OS system LimX COSA (Cognitive OS of Agents). COSA is an embodied Agentic OS native to the physical world. It deeply integrates high-order cognition with whole-body motion control, enabling robots to achieve coordinated operation of the "big brain" and "little brain."

Investment and Financing

Independent Variable Completes Series A++ Financing of 1 Billion Yuan, with ByteDance, Meituan, and Alibaba Betting Simultaneously

Independent Variable Robotics announced that it has completed a Series A++ financing of 1 billion yuan. This round of financing was jointly invested by top investment institutions and diversified local platforms such as ByteDance, Sequoia Capital China, Beijing Information Industry Development Fund, Shenzhen Capital Group, Nanshan Strategic Emerging Industry Investment, and Wuxi Venture Capital. It is understood that this is also the first investment made by the AI fund of Shenzhen Capital Group since its establishment. Notably, in addition to ByteDance, Independent Variable also received investments from Meituan and Alibaba in previous financing rounds. It is the only embodied AI company in China that has been invested in by these three major Internet companies. (Yicai Global)

Financial Reports of Large Companies

Lululemon expects net revenue of $3.585 billion in the fourth fiscal quarter

On January 12, Canadian sporting goods company Lululemon announced that the company currently expects its net revenue and diluted earnings per share in the fourth quarter of fiscal year 2025 to be close to the upper end of its previous guidance range. The previous net revenue guidance range was between $3.5 billion and $3.585 billion, and the diluted earnings per share guidance range was between $4.66 and $4.76. The company's previous guidance on gross margin, selling and administrative expenses, or the effective tax rate remains unchanged. (Jiemian News)

Chow Tai Fook: Net profit attributable to the parent company is expected to increase by 125%-175% year-on-year in 2025

36Kr learned that Chow Tai Fook announced that it expects the net profit attributable to shareholders of the listed company to be between 436 million yuan and 533 million yuan in 2025, a year-on-year increase of 125%-175%.

361 Degrees: Retail sales of main brand products increased by approximately 10% year-on-year in Q4 2025

36Kr learned that 361 Degrees disclosed its operational overview for the fourth quarter of 2025. The retail sales (calculated by retail value) of 361°'s main brand products recorded a positive growth of approximately 10% year-on-year in the fourth quarter of 2025.

Sanan Optoelectronics: Expected Loss of 200 million to 400 million yuan in 2025

36Kr learned that Sanan Optoelectronics announced that it expects the company's net profit attributable to shareholders of listed companies to be a loss of 200 million to 400 million yuan in 2025.

Pingtan Development: It is expected that the net profit attributable to shareholders of the listed company in 2025 will be negative

36Kr learned that Pingtan Development announced that the company's financial department has preliminarily estimated that the net profit attributable to shareholders of the listed company in 2025 is expected to be negative, and the company's operating performance in 2025 will result in a loss. The company will accelerate the financial accounting work and disclose the annual performance forecast for 2025 as soon as possible.

Cool Products

The realme Neo8 will globally debut the 165Hz Samsung Celestial Screen

36Kr learned that in 2026, realme and Samsung Display launched in - depth cooperation and exclusive customization. The realme Neo8 will globally debut the 165Hz Samsung Celestial Screen. It is understood that this device will be the first model with Samsung screen that combines the latest M14 flagship light - emitting material and a 165Hz ultra - high refresh rate at the same time. It adopts a transparent RGB design and is equipped with the Snapdragon 8 Gen 5 flagship chip. The realme Neo8 will also enjoy OPPO's after - sales service and will be released this month.

Compiled | Jingjing