At 8 o'clock, here are the latest news: Chow Sang Sang issued another statement in response to the detection of iron, silver, and palladium in a pure gold pendant; the parent company of RT-Mart refuted the rumor that the CEO was taken away by the police; information about the ZEEKR 8X was prematurely leaked.

Today's Hotspot Guide

Guotou Ruixin responds to the valuation adjustment of the silver LOF: No prior announcement was made to avoid panic and a run on the fund.

Cambricon: The online information about the company's recent small - scale communication is false.

The rumor that Tencent and others will face a "tax increase" on value - added tax is unfounded.

Adobe will shut down the animation production tool Animate, which has a 25 - year history.

Tesla has priced the all - wheel - drive version of the Model Y at $41,990 in the United States.

Top 3 Big News

Chow Sang Sang Issues Another Statement Regarding the Detection of Iron, Silver, and Palladium in Its Brand's Pure Gold Pendants

Recently, a consumer sent a Chow Sang Sang pure gold pendant for testing and found that the gold content varied at different points. Photos and videos of the test results provided by the consumer showed that the highest gold content at one point of the pendant was 99.99%. However, the test results at other points showed different data: the gold content at one point was 96.21%, another point was 83.35%, and the lowest point was only 64.37%. The difference between the highest and lowest gold content points was 35.62%. In addition, the test results showed that the pendant contained various other metal elements such as iron, silver, and palladium.

In response, Chow Sang Sang's official customer service told reporters that "all Chow Sang Sang pure gold jewelry complies with relevant national standards, and the gold content is not less than 990‰. Jewelry with the pure gold mark also has relevant quality guarantees. We are currently following up and communicating on matters related to the news." Regarding this matter, Chow Sang Sang's official Weibo account issued another statement on the evening of February 3, stating that Chow Sang Sang attaches great importance to the relevant situation reported by customers. It immediately reviewed the destructive test report of the production batch at that time, and the report showed that the quality of the products in that batch fully met relevant national standards. Meanwhile, on February 3, Chow Sang Sang sent a lucky bag of the same batch and style for testing to the National Gemstone Testing Center (NGTC), using X-ray fluorescence spectrometry (XRF) for the test. The test conclusion for this lucky bag product was that it was a pure gold jewelry item (report number: P-ZSSA2121621). NGTC randomly selected 3 test points on the product, and the gold content results obtained from the tests were 99.99%, 99.99%, and 99.98% respectively. (Caixin, The Paper, Beijing News, China News Service)

Chow Sang Sang's Explanation

RT-Mart's parent company responds to CEO being taken away by police: It's false, and we're reporting it to the police

On February 3rd, according to a report by the retail media website Linkshop, Li Weiping, the CEO of RT-Mart's parent company, GaoXin Retail, was taken away by the police for assistance in the investigation. The informed source cited in the report said that Li Weiping has not been seen at the company since January 30th, but the specific details of the matter are yet to be further investigated and verified.

On November 30, 2025, GaoXin Retail, the parent company of RT-Mart, issued an announcement confirming that Li Weiping would serve as an executive director and CEO of the company. Before joining GaoXin Retail, Li Weiping worked at Hema from September 2018 to November 2025, successively serving as the general manager of Hema's North China Beijing region, the CEO of Hema Fresh, and the chief merchandise officer of Hema. Jiemian News verified this with GaoXin Retail, and GaoXin Retail stated, "It's false, and we're reporting it to the police," and also said that Li Weiping is currently at work. (Jiemian News)

Information about the Zeekr 8X was leaked prematurely. The official statement says it has now entered the large-scale pre-mass production testing phase

On February 3rd, Zeekr officially issued a statement confirming that some product information of the Zeekr 8X, a high-performance flagship SUV under its SEA - S super hybrid electric architecture, had leaked prematurely, disrupting the brand's established information release schedule. Zeekr has initiated communication with the relevant parties and reiterated its emphasis on the order of product releases and information fairness. As Zeekr's most important new model in the first half of 2026, the Zeekr 8X has now entered the large-scale pre-mass production testing phase. In the statement, Zeekr emphasized that it will strictly adhere to the complete standards of the Geely system to ensure that the delivered vehicles have reliable performance and mature quality.

This information leak was not a traditional hacker attack but rather due to a loss of control in the publicity process. Jiemian News learned that some unauthorized channels prematurely released product details including the exterior design and power configuration, and some of this information matched the exterior information previously declared to the Ministry of Industry and Information Technology. (Jiemian News)

Large Companies/ Major Events

JD.com to Distribute Over 1.3 Billion Yuan in Red Envelopes to Frontline Employees During the Spring Festival

On February 4th, JD.com officially announced that it will invest over 1.3 billion yuan during the nine - day Spring Festival period. Through forms such as overtime pay, Spring Festival red envelopes, and family reunion subsidies, it will provide welfare subsidies and various types of guarantees exceeding the national legal standards for frontline workers such as couriers, full - time riders, customer service staff, and store clerks who are on duty during the festival.

It is reported that in order to make everyone feel the warmth of home even when celebrating the New Year away from home, in addition to express delivery stations and logistics warehouses, in JD.com's housekeeping training centers, JD Auto Service, Five Star Appliance, 7FRESH Kitchen/Coffee, JD Health stores, as well as 7FRESH, Huaguan, and Jiabao supermarkets across the country, JD.com has successively implemented a series of Spring Festival cultural care measures. They have carefully decorated the Spring Festival atmosphere and held activities such as giving out Chinese character "Fu" (symbolizing good fortune), making dumplings, and distributing winter warming gift packages. Among them, the "Courier Homes" of JD.com in many places such as Beijing and Wuhan will also welcome the families of full - time riders and couriers to reunite in the cities where they work. (Biannushi)

Will the tax rate in the gaming industry match that of baijiu? Responses from multiple game companies

On February 3rd, there were market rumors that the financial industry and Internet value-added services (such as in-game purchases and advertising), due to their high profit margins and light tax burdens, might become the next targets for tax rate adjustments, drawing an analogy with the baijiu tax rate. This news caused a collective decline in the stock prices of Internet companies such as Tencent. In response to the rumors about the adjustment of the game tax rate, many industry insiders said that they had not received any news about the tax rate adjustment from any channel, and the credibility of the rumors was relatively low. (21st Century Business Herald)

World's Fastest Humanoid Robot Unveiled

Recently, the Humanoid Robot Innovation Research Institute of the Hangzhou International Science and Technology Innovation Center of Zhejiang University officially launched the full - size humanoid robot Bolt. With a running speed of 10 meters per second, this robot has become the world's fastest - running humanoid robot to date. This achievement was jointly developed by the Science and Technology Innovation Center, Jingzhi Technology, and KELDA. (Caixin)

SDIC UBS Responds to Valuation Adjustment of Silver LOF: No Advance Announcement to Avoid Panic and Run

SDIC UBS Fund issued an announcement on the evening of February 2nd, announcing an adjustment to the valuation method of the silver futures contracts held by its SDIC Silver LOF. Affected by this, the adjusted unit net value of SDIC UBS Silver Futures A dropped by more than 31% on the same day, and this net value was the result of revaluation according to the new valuation method. However, this valuation adjustment has sparked huge controversy among investors, and the core focus is on the timing of the adjustment - why was the announcement only made after the trading ended on February 2nd? In response, SDIC UBS Fund said that if an advance announcement was made, it was feared that it would be interpreted as an attempt to guide investors not to redeem, and then it would be speculated that there were serious problems with the liquidity of the fund's assets, which would trigger market panic and a run. (Yicai Global)

Cambricon Lost Nearly 70 Billion Yuan in Market Value in Half a Day

During the morning trading session on February 3rd, Cambricon's stock price tumbled sharply, with the decline once widening to 13.38%. As of the mid - day close, it was reported at 1,082.09 yuan, down 12.88%. The company's market value evaporated by nearly 70 billion yuan in a single day, marking the largest single - day decline since September 4th, 2025 (when it dropped 14.45% in a single day) and the second - largest single - day decline since September 24th, 2024. This was a rare and sharp correction since the company went public.

In response to market concerns, Cambricon publicly stated that "the specific reason for the sharp decline in the stock price is currently unknown." This sharp decline also dragged down the entire semiconductor sector and the STAR 50 Index. Some analysts believe that the high valuation and market concerns about the intensifying competition in the AI chip industry may be the main reasons for the capital flight. (Yicai Global)

Cambricon: The information circulated online about the company's recent small - scale communication is false

36Kr learned that Cambricon issued a statement saying that the company has noticed that the information circulated on the Internet on February 3rd about the company's recent small - scale communication is false. The company has never organized any small - scale communication recently and has not issued any annual or quarterly operating revenue guidance data. Relevant information shall be subject to the information publicly disclosed by the company. At present, the company's R & D is progressing smoothly and its operation is steadily advancing. Here, the company reminds all investors that all relevant matters of our company shall be subject to the publicly disclosed information. Please improve your ability to distinguish information and do not spread or believe false information from unknown sources or unverified information. In addition, the company reserves the right to pursue legal liability against relevant persons for any act of fabricating, spreading and disseminating false information.

The Rumor of "Tax Increase" on Value-Added Tax for Tencent and Others

There has been a rumor circulating on the internet about a tax increase on internet value-added services. Affected by such rumors, the stock prices of companies including Tencent Holdings tumbled at one point, and then the decline narrowed. Several senior tax experts said that as the Value-Added Tax Law and its implementation regulations came into effect this year, the Ministry of Finance and the State Taxation Administration recently announced a series of supporting regulations. Among them, the value-added tax rate for the internet broadband access services provided by operators such as China Mobile and China Unicom has been raised from 6% to 9%. This has led some people to speculate whether the tax rates applicable to the core businesses of internet companies like Tencent have also been increased. However, according to the currently disclosed regulations related to value-added tax, the aforementioned tax rate remains at 6% without any change. Therefore, the rumor of a "tax increase" on value-added tax is unfounded. (Yicai Global)

Amma's Handmade Luosifen Denies Charging for Refills, Queuing Time Starts at Half an Hour

Recently, the well - known milk tea brand Amma's Handmade has entered the catering industry. The new catering brand "Luoshi" has opened its first national store. Luoshi specializes in Guangxi cuisine. The menu shows that a bowl of Luosifen in this store is priced at 55 yuan. Some consumers on social networks have complained that a 55 - yuan bowl of Luosifen is quite expensive, and refills also require additional charges. According to media reports, the staff clarified that refills of Luosifen are free. The lowest price is 55 yuan for a bowl of Luosifen. There are usually a large number of customers, and the queuing time starts at least 30 minutes. (Blue Whale News)

Adobe to Shut Down Animation Tool Animate with 25-Year History

Adobe announced to users that its 2D animation software, Adobe Animate, will cease sales on March 1, 2026. Regarding the reason for discontinuing the development of Animate, Adobe explained, "Animate is a product with a history of over 25 years. It has played an important role in creating, nurturing, and developing the animation ecosystem. With the advancement of technology, new platforms and models have emerged, better meeting users' needs. Therefore, we plan to discontinue support for Animate." (Cailian Press)

Sequoia Capital China Announces Completion of Global Acquisition of Moxifloxacin Business

36Kr learned that Sequoia Capital China announced on February 3 that it has officially completed the global acquisition of the business and assets related to moxifloxacin (trade name: Avelox®), a core product of fluoroquinolone antibiotics. It has also established Hangzhou Shanze Biomedical Co., Ltd., an innovative biopharmaceutical company focusing on the fields of anti - infection and respiration, and its parent company Ascenda Pte. Ltd. to be responsible for the operation of this business. According to the agreement, Shanze Biomedical and its parent company Ascenda Pte. Ltd. have obtained specific assets of Avelox® globally, including drug registration certificates, intellectual property rights and business contracts in relevant countries and regions.

In January, the differentiation in the auto market intensified: the rankings of self-owned brands were reshuffled, and new forces generally declined month-on-month

As of February 2nd, the production and sales data of mainstream domestic automakers for January 2026 have been gradually released. The overall market presents a clear pattern of "traditional self-owned brands leading strongly and new forces generally under pressure": The sales of leading automakers such as SAIC, Geely, and Chery have increased by more than 20% year-on-year. The rankings of self-owned brands have been reorganized due to the differences in the performance of new energy and exports. Meanwhile, nine mainstream new car-making forces have collectively experienced a month-on-month decline. Industry analysis points out that factors such as short-term policy changes and the off-season effect have disrupted the terminal market, but the core competitiveness of self-owned automakers continues to improve, the "Matthew effect" of new forces is intensifying, and the long-term logic of the industry's high-quality development remains unchanged. (China Securities Journal)

Thirteen futures varieties hit the daily limit down collectively. Industry insiders: It was caused by a stampede of long positions.

Hit by the sharp plunge of international precious metals at high levels, the domestic commodity market suffered a rare heavy blow. On February 2nd, the domestic futures market opened sharply lower across the board, and panic continued to spread during the session. From precious metals to non-ferrous metals and then to energy and chemicals, multiple varieties successively hit the daily limit down. As of the close of the day, 13 futures varieties, including Shanghai silver, platinum, palladium, Shanghai copper, Shanghai aluminum, Shanghai nickel, Shanghai tin, aluminum alloy, lithium carbonate, international copper, stainless steel, crude oil, and fuel oil, hit the daily limit down collectively, and the market experienced a "Black Monday". A number of industry insiders told reporters that the current round of sharp decline in commodities was not caused by a single fundamental factor, but by the concentrated release of factors such as excessive previous gains, highly concentrated leveraged funds, and an extremely fragile trading structure. Under the disturbance of the news, a stampede of long positions quickly formed and was significantly magnified through program trading and derivatives mechanisms. (Securities Times)

Lee Byoungki Takes Over as Chairman of SK Hynix China

36Kr learned that according to Aiqicha App, recently, industrial and commercial changes have taken place in SK Hynix Semiconductor (China) Co., Ltd. KIM YOUNG SIK stepped down as the legal representative and chairman, and was succeeded by LEE BYOUNGKI. The company was established in April 2005 with a registered capital of approximately US$5.2 billion. Its business scope includes the sales and leasing of semiconductor equipment, etc. It is wholly owned by SK Hynix Inc.

The probability that the Federal Reserve will keep interest rates unchanged in March is 91.1%

According to the CME "FedWatch": The probability that the Federal Reserve will cut interest rates by 25 basis points by March is 8.9%, and the probability of keeping interest rates unchanged is 91.1%. The probability that the Federal Reserve will have a cumulative interest rate cut of 25 basis points by April is 22.5%, the probability of keeping interest rates unchanged is 76.0%, and the probability of a cumulative interest rate cut of 50 basis points is 1.5%. The probability of a cumulative interest rate cut of 25 basis points by June is 45.9%. (Caixin Press)

xAI and SpaceX have set the share - exchange ratio at 0.1433

xAI and SpaceX have set the share - exchange ratio at 0.1433. SpaceX, under Elon Musk, confirmed the merger with xAI in a company memorandum. The memorandum shows that after the merger of SpaceX and xAI, the new company is expected to price each share at about $527, with a valuation reaching $1.25 trillion. (Cailian Press)

Tesla has priced the Model Y All-Wheel Drive version at $41,990 in the United States

36Kr learned that according to Tesla's official US website, the price of the Tesla Model Y All-Wheel Drive version is set at $41,990.

Reports say Apple's M6 chip will continue using TSMC's 2nm N2 process

According to Taiwan's Commercial Times, Apple's M6 chip is expected to continue using TSMC's 2nm N2 process instead of the N2P process. This is because Apple hopes to focus more on architecture upgrades and cost control, planning to make up for the process gap through its profound accumulation in chip architecture design. It is expected that Qualcomm and MediaTek will be more inclined to adopt the N2P process first. (Cailian Press)

Musk Says Starship V4 Will Add Three Raptor Engines, Bringing the Total to 42

When replying to a query from the "Tesla Silicon Valley Owners Club" on the X platform, Musk said, "Starship V4 will add three vacuum engines, bringing the total number of engines in the full stack to 42, just as the prophecy said." The "prophecy" Musk mentioned refers to the statement in "The Hitchhiker's Guide to the Galaxy" that "the ultimate answer to life, the universe, and everything is 42." (Sina Finance)

Xibei Responds to the "Most Indecent" Exit Event, and a Mutually Agreed - upon Plan Has Been Reached

Recently, a "Notice Requiring Xibei to Resume Business Immediately" posted in a shopping mall in Shenzhen has been circulating on social media. The notice states that Xibei has been operating there for nearly a decade. Previously, due to the public opinion on pre - made dishes, Xibei applied on January 15th to cease business on February 28th. However, without written consent from the mall, Xibei attempted to empty the store on the evening of January 31st, which was accused of being the "most indecent" "exit" behavior. As a result, the mall demanded that Xibei resume business immediately.

In response, Xibei told a reporter from National Business Daily on February 3rd, "We have noticed the online information about Xibei's store closure. After comprehensively considering the company's operating costs and actual situation, we did submit an application to the mall where the store is located on January 15th to suspend business. Currently, we are maintaining active communication with our partner, and a mutually agreed - upon plan has been reached and is being continuously implemented. Customers' stored - value balances can be used normally at any Xibei store across the country." (National Business Daily)

Tencent Responds to the Viral Spread of Yuanbao Red Envelope Assistance

Recently, Tencent's Yuanbao "Spring Festival Red Envelope" activity has gone viral on multiple social platforms, sparking discussions about whether the sharing mechanism violates WeChat's external link management regulations.

Some reports pointed out that after the activity was launched, users could get additional lottery chances by sharing, with a maximum of 30 chances that could be stacked. This mechanism has promoted the rapid fission and spread of the red envelopes on social networks. In response to external doubts, Tencent issued an internal letter yesterday, stating that the basic logic of the Yuanbao Spring Festival red envelopes is "no - threshold collection". Users can get the basic red envelopes without completing tasks such as assistance or card - collection, which is fundamentally different from the "induced sharing" model that the platform has long been cracking down on. (Sina Technology)

Sun Art Retail Group: Temporarily Unable to Contact CEO Li Weiping

36Kr learned that Sun Art Retail Group announced on the Hong Kong Stock Exchange that the board of directors was informed that the company was temporarily unable to contact Ms. Li Weiping, an executive director and the chief executive officer. As of the date of this announcement, to the best knowledge, information and belief of the directors, this matter has no connection with the business and operations of the Group. In view of this, the board of directors believes that this matter has no material adverse impact on the Group, and the business and operations of the Group remain normal. During this period, the daily business operations and management of the Group will be temporarily handled by Hua Yuneng, the chairman of the company's board of directors. The board of directors will closely monitor the development of the situation and will issue further announcements in a timely manner as required by the "Listing Rules" and/or the "Securities and Futures Ordinance", and may take further necessary actions in accordance with applicable laws, the company's articles of association and the company's established policies.

French Office of Elon Musk's Social Media Platform X Raided

The cybercrime unit of the Paris Prosecutor's Office in France is conducting a search of the French office of social media platform X. According to a statement from the Paris Prosecutor's Office, this search is carried out in cooperation with the cyber police and Europol, as part of an investigation launched in January 2025. In January 2025, the European Union announced additional investigative measures against X (formerly known as Twitter), a social media platform owned by American entrepreneur Elon Musk, to assess whether the platform's recommendation system complies with the relevant provisions of the EU's Digital Services Act. (Caixin)

Spain Plans to Ban Teenagers Under 16 from Using Social Media

On February 3 local time, Spanish Prime Minister Pedro Sánchez said in a speech at the World Government Summit that Spain plans to take measures to address the abuse of major social networking platforms and ensure the safety of the online environment.

Sánchez said that Spain will ban teenagers under 16 from accessing social networking platforms and require platforms to implement an effective age verification system. This measure has been included in the draft Law on the Protection of Minors in the Online Environment currently under review in the House of Representatives, which is consistent with the measures being taken by countries such as Portugal and France.

At the same time, Sánchez proposed legal reforms to make social media platform operators equally liable for illegal acts committed on their platforms. Manipulating algorithms and spreading illegal content on platforms will also be defined as illegal acts. (CCTV World News)

Intel CEO: Positioning in the GPU Market, Storage Chip Shortage Won't Ease Until 2028

Intel CEO Pat Gelsinger said on Tuesday that the company has appointed a new chief architect to lead the R & D and layout work of graphics processing units (GPUs). Chips like these, developed by companies such as NVIDIA and AMD, are the computing power core of large language models. As major companies compete to deploy artificial - intelligence infrastructure and data centers, the market demand for GPUs has skyrocketed. Gelsinger also discussed the current storage chip shortage sweeping the technology industry. He said that the demand in the field of artificial intelligence is the "biggest challenge" facing the storage chip industry and predicted that this shortage situation "won't ease until 2028." (Sina Finance)

The three major U.S. stock indexes closed down collectively, and most popular Chinese concept stocks declined

36Kr learned that at the close on February 3, the three major U.S. stock indexes all declined. The Dow fell 0.34%, the Nasdaq dropped 1.43%, and the S&P 500 Index declined 0.84%. Most large technology stocks fell. Netflix dropped more than 3%, Microsoft, NVIDIA, and Meta declined more than 2%, Amazon and Google dropped more than 1%, and Apple had a slight decline. Intel and Tesla had slight increases. Most popular Chinese concept stocks declined. Bilibili dropped more than 4%, Alibaba, Baidu, and Weibo declined more than 2%, JD.com, Futu Holdings, and Tiger Brokers dropped more than 1%. XPeng Motors rose more than 4%, Li Auto rose more than 2%, and NIO and Miniso had slight increases.

Disney Appoints Theme Park Executive Josh D'Amaro as New CEO

Disney announced that it has appointed Josh D'Amaro, chairman of Disney Experiences, as the next chief executive officer, succeeding Bob Iger. D'Amaro's appointment will officially take effect at Disney's annual shareholders' meeting on March 18. Iger will serve as a senior advisor and director of the company until he officially retires from Disney on December 31. (Sina Finance)

The Cutting - Edge of AI

Baidu Smart Cloud Launches Time-Limited Free One-Click Deployment Service for OpenClaw

36Kr learned that Baidu Smart Cloud announced the launch of the one-click deployment service for OpenClaw and initiated a time-limited free trial activity. Developers can quickly deploy this intelligent agent product through Baidu Smart Cloud's lightweight application server and connect to mainstream large models such as Wenxin, DeepSeek, and Qwen with one click via the Qianfan platform.

Zhipu Officially Releases and Opens Sources GLM-OCR

36Kr learned that Zhipu officially released and open-sourced GLM-OCR. According to the introduction, this model only has a parameter scale of 0.9B and supports deployment on vLLM, SGLang, and Ollama, significantly reducing inference latency and computing power overhead, making it suitable for high-concurrency and edge deployment.

SoftBank subsidiary collaborates with Intel to commercialize next-generation memory technology

SoftBank subsidiary collaborates with Intel to commercialize next-generation memory technology. (Sina Finance)

Google Cloud and Liberty Global Reach a Five-Year AI Cooperation Agreement

Google Cloud and Liberty Global have reached a five-year AI cooperation agreement. (Sina Finance)

China's First AI-Powered Percutaneous Puncture Navigation Robot Approved for Market Launch

36Kr learned from the official WeChat account of Wuhan Economic & Technological Development Zone that recently, the "Long Dianjing Puncture Surgery Navigation Device" independently developed by Wuhan Long Dianjing Intelligent Technology Co., Ltd. (hereinafter referred to as "Wuhan Long Dianjing"), an enterprise in Wuhan Economic & Technological Development Zone, has officially passed the Class III medical device approval of the National Medical Products Administration (NMPA) and is allowed to be launched on the market. A relevant person in charge of Wuhan Long Dianjing introduced that according to the registration certificate information of the Class III medical device approved by the National Medical Products Administration, the host of the company's self-developed puncture surgery navigation device integrates deep learning software functions. "This marks the official approval and market launch of China's first artificial intelligence-powered percutaneous puncture navigation robot, representing another leap of domestic artificial intelligence technology from 'auxiliary diagnosis' to 'auxiliary treatment' in the field of clinical treatment."

Moore Threads AI Coding Plan Launched

36Kr learned that Moore Threads officially launched the AI Coding Plan intelligent programming service today. As the first intelligent development solution built on a domestic full-featured GPU computing power base, this service is driven by the powerful full-precision computing capabilities of the MTT S5000. It integrates a silicon-based fluid inference acceleration engine and the top-notch GLM-4.7 code model, achieving a key breakthrough in the field of AI Coding for domestic chips and domestic large models.

Apple Integrates Anthropic and OpenAI Agent Capabilities into Its Programming Tools

Apple has announced that it will introduce agent - driven programming capabilities into its flagship programming tool, Xcode. With the agent - driven programming technology, programmers can enable AI software to autonomously write code. Apple stated that its Xcode tool will support Anthropic's Claude agent and OpenAI's Codex code tool. (Sina Finance)

NVIDIA CEO: Widespread Application of AI Will Ultimately Reduce Energy Costs

It is reported that Jensen Huang, the CEO of NVIDIA, said that the AI computing power infrastructure currently being built on a large scale is putting pressure on the power grids in many regions, but this will ultimately lead to a reduction in energy costs. Huang said that increasing investment in power supply - and applying AI technology in the process of energy production and distribution - will help reduce long - term costs. Huang said, "This will definitely happen, and energy costs will decline. Because market forces are driving us to increase investment in energy supply. The energy supply will increase, and we are also modernizing the power grid." (Jiemian News)

Financial Reports of Large Companies

Nintendo's operating profit in the third quarter was 155.21 billion yen

Nintendo's operating profit in the third quarter was 155.21 billion yen, a year-on-year increase of 23%. The market forecast was 180.7 billion yen. The net profit in the third quarter was 159.93 billion yen, a year-on-year increase of 24%. The market forecast was 147.5 billion yen. The net sales in the third quarter were 806.32 billion yen, a year-on-year increase of 86%. The market forecast was 815.7 billion yen. (Sina Finance)

Toyota Industries' net profit in the first three quarters was 186.99 billion yen

Toyota Industries' net profit in the first three quarters was 186.99 billion yen, and the estimated net profit for the fiscal year is 190 billion yen. (Sina Finance)

PepsiCo's net revenue in the fourth quarter was $29.34 billion, a year-on-year increase of 5.6%.

PepsiCo released its fourth-quarter financial report on February 3, showing that the net revenue was $29.34 billion, a year-on-year increase of 5.6%; earnings per share were $1.85, compared with $1.11 in the same period last year; core earnings per share were $2.26, compared with $1.96 in the same period last year. (Jiemian News)

Merck's net profit in the fourth quarter was $2.963 billion, a year-on-year decrease of 21%

Merck released its fourth-quarter earnings report on February 3, showing that its global sales reached $16.4 billion, a year-on-year increase of 5%. Calculated according to GAAP, the net profit was $2.963 billion, a year-on-year decrease of 21%, and the earnings per share were $1.19, a year-on-year decrease of 20%. The full - year global sales in 2025 were $65.011 billion, a year-on-year increase of 2%. Calculated according to GAAP, the net profit was $18.254 billion, a year-on-year increase of 7%, and the earnings per share were $6.74, a year-on-year increase of 8%. (Jiemian News)

Investment and Financing

“Xinmier” Completes Hundreds of Millions in Series A and Series A+ Rounds of Financing in Succession

36Kr learned that “Xinmier” recently announced the successive completion of hundreds of millions in Series A and Series A+ rounds of financing. Guotai Junan Innovation Investment, Guojing Capital, and Tongxin Capital participated in the investment; Yiren Capital served as the exclusive financial advisor. The financing funds will be mainly used for the R & D of the next - generation sensor - computing integrated chip architecture; to accelerate global commercial implementation and systematically promote the proven solutions in China's high - end manufacturing field to the markets in Europe, America, Japan, South Korea, and Southeast Asia; to expand high - end production capacity and recruit key talents to support the expected order growth in the next two years.

“Ruimeng Semiconductor” Completes a New Round of Nearly 100 Million Yuan in Financing

36Kr learned that according to Songhe Capital, “Ruimeng Semiconductor” recently announced the completion of a new round of nearly 100 million yuan in financing. This round of financing was led by Songhe Capital, and the investors include Feirongda, Huarongsheng Capital, Shenzhen Angel Mother Fund, etc.

Compiled | Exploding Tofu