Krypton Evening News | Meituan: Plans to Acquire Dingdong for $717 million; The 2026 Milan Winter Olympics to Build Official Large Model Based on Alibaba Qwen; Xiaomi Automobile Lowers Threshold for Assisted Driving Safety Mileage to 300 km
Large companies:
Meituan: Plans to Acquire Dingdong for $717 million
36Kr learned that Meituan announced that on February 5, 2026 (during non - trading hours), the acquirer, the transferor, and Liang Changlin entered into a share transfer agreement. Accordingly (including but not limited to), the acquirer agreed to acquire, and the transferor agreed to sell all the issued shares of the target company, Dingdong Fresh Holding Limited, held by the transferor. The initial consideration is $717 million (subject to adjustment). However, after the transferor withdraws no more than $280 million from the target group (the target company and its subsidiaries), it still needs to ensure that the net cash of the target group is not less than $150 million.
Xiaomi Cars Lowers the Safety Mileage Threshold for Assisted Driving to 300 Kilometers
36Kr has learned that Xiaomi Cars has announced that the latest version of OTA has been gradually pushed, and the safety mileage threshold for assisted driving has been lowered. Xiaomi Cars stated that the safety mileage threshold for assisted driving has been reduced from 1000 km to 300 km. Setting such a threshold is to allow everyone to gradually get familiar with the assisted driving function and develop sufficient safety awareness. Xiaomi Cars reminds that assisted driving is not autonomous driving. Please always pay attention to the road conditions and control the vehicle in a timely manner.
Horse Power, the joint venture between Geely and Renault, makes its debut at the ACMA Show in India to explore emerging markets
From February 5th to 7th, Horse Power, the joint powertrain company between Geely and Renault, made its debut in India by participating in the New Delhi ACMA, the largest B2B automotive exhibition in India. Horse Power mainly showcased its hybrid solutions this time, which meet the needs of the Indian automotive market for a power system with high efficiency, low emissions and controllable costs. Previously, this power system was installed with Geely's Leishen EM - i super hybrid system in popular models such as Geely Xingjian 7 and Geely Galaxy A7. Horse Power said that as India is expected to be one of the top three global automotive markets in 2025, the company will focus on multi - energy power systems to further explore the emerging Indian market.
Maersk to Lay Off Nearly 1,000 Employees and Cut Annual Corporate Administrative Expenses by $180 Million
Maersk announced on February 5th that to continuously improve productivity and control costs, it will streamline its organizational structure and reduce corporate administrative expenses. The company will cut annual corporate administrative expenses by $180 million at the global headquarters, regional, and national company levels. Approximately 15% of the around 6,000 corporate functional positions will be eliminated, equivalent to nearly 1,000 jobs. The relevant notification and consultation processes have been launched. (Jiemian)
Rifa Precision Machinery: Appoint Li Yonglong as Vice President of the Company
36Kr learned that Rifa Precision Machinery announced that the company's board of directors agreed to appoint Li Yonglong as the vice president of the company. The term of office shall be from the date of adoption of this proposal by the board of directors to the expiration of the term of the 9th - session board of directors.
Investment and Financing:
"Lanjang Technology" Secures Tens of Millions in Series A+ Round Financing
36Kr has learned that recently, "Lanjang Technology" announced the completion of a Series A+ round financing worth tens of millions of yuan. This round of financing was co-led by a well - known domestic market - oriented investment institution and state - owned capital, and existing shareholders continued to increase their investments. Currently, the financing has entered the closing stage. The funds from this financing will be mainly used for overseas market expansion and the R & D of new - generation products, further consolidating the company's technological advantages and market position in the agricultural robot field. This is the company's fourth financing in four years.
New Products:
For the first time in history, the Milan Winter Olympics has developed an official large - language model based on Tongyi Qianwen
36Kr learned that on February 5th, the International Olympic Committee officially launched the first official Olympic large - language model developed based on Tongyi Qianwen. This model will be put into use at the Milan Winter Olympics. Initially, it will serve the staff of the National Olympic Committees of various countries and regions, offering a multilingual official AI assistant, and it is planned to be subsequently opened to the global public. International Olympic Committee President Stéphane Graber stated that Tongyi Qianwen will make the Milan Winter Olympics the smartest Olympic Games in history.
Today's Perspective:
SGX Executives: Seeking to Attract More Chinese and Southeast Asian Companies to List in Singapore
On February 5th, Pol de Win, Executive Vice President of SGX Group and Head of Global Business Origination and Expansion, stated that the exchange is seeking to attract more Chinese and Southeast Asian companies to list in Singapore to boost the momentum of IPO transactions. (Jiemian)
Other News Worth Paying Attention To:
The combined net profit of Japan's three major banking groups exceeded 4.2 trillion yen from April to December last year, hitting a record high for three consecutive years
The financial reports of Japan's three major banking groups - Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group - for the period from April to December 2025 were all released on February 4. The combined consolidated net profit increased by 13% year-on-year to 4,228.1 billion yen, refreshing the all-time high for the third consecutive year. For the full-year performance ending in March 2026, the combined net profit is expected to be 4,730 billion yen. (Jiemian)
State Administration for Market Regulation: Crack down hard on the chaos in live - streaming e - commerce
On February 5th, the State Council Information Office held a press conference to introduce the situation of market supervision serving high - quality economic development and answer questions from journalists. Zhu Jianqiao, the director of the Department of Online Transaction Supervision and Administration of the State Administration for Market Regulation, said that market supervision departments have cracked down hard on the chaos in live - streaming e - commerce. Special rectifications have been carried out in response to prominent problems in live - streaming e - commerce such as counterfeits and shoddy products, and false marketing. The illegal case of Chengdu Kuaiou Technology Co., Ltd. has been investigated and dealt with in accordance with the law. At the same time, local authorities have been guided to investigate and deal with typical cases of false promotion by leading live - streamers such as "Taiyuan Laoge" and "Da LOGO" in accordance with the law. Four batches of 30 typical cases in the field of live - streaming e - commerce have been released collectively. (Xinhua News Agency)