8:00 am, 1st Kr: Affiliated Company of Self-Hi Kitchen on Verge of Bankruptcy; Tesla's After-Sales Recommends Charging at 100-km Range; Xiaohongshu Developing Video Editing AI Product OpenStoryline

Beijing Xibei Xiaoniu Catering has changed its name to Beiniu Catering, and Jia Guolong is no longer in office.

Today's Hotspot Guide

Beijing Xibei Xiaoniu Catering has changed its name to Beiniu Catering, and Jia Guolong is no longer in a position
Li Yapeng announced the suspension of live - streaming: He is going to focus on the work of Yanran Hospital
Tesla's Tao Lin: There is no specific date for FSD to be launched in China, and a local training center has been established
Israel's antitrust agency will fine El Al Israel Airlines $39 million
The founding family of H&M spent 75 million Swedish kronor to buy company shares

Top 3 Big News

The affiliated company of Zihai Guo is on the verge of bankruptcy, and its legal representative, Cai Hongliang, has been restricted from high - end consumption

Recently, a new bankruptcy review case has been added for Hangzhou Golden Antelope Enterprise Management Consulting Co., Ltd. (hereinafter referred to as Hangzhou Golden Antelope), an affiliated company of Zihai Guo. The applicant is Ma, and the handling court is the People's Court of Yuhang District, Hangzhou. In November last year, due to a labor dispute case with Ma, Hangzhou Golden Antelope and its legal representative, Cai Hongliang, were restricted from high - end consumption.

The Tianyancha APP shows that as of February 6th, Hangzhou Golden Antelope has 6 pieces of information as an executed person, with the total amount to be executed exceeding 140 million yuan; there are 16 pieces of historical information as an executed person, with the total amount to be executed exceeding 320 million yuan. The company has 9 pieces of information as a dishonest executed person, with the involved amount exceeding 58.79 million yuan. In addition, there are 26 pieces of equity freezing information. Currently, Cai Hongliang has 16 affiliated companies under his name, and only 3 are still in existence, namely Hangzhou Golden Antelope, Hainan Golden Antelope International Trade Co., Ltd., and Jinhua Golden Antelope Trade Co., Ltd. The rest have been deregistered. (Nanfang Daily)

Xiaohongshu is developing an AI video editing product called OpenStoryline

Xiaohongshu's technology team is developing an AI video editing product called OpenStoryline (version number 1.0.0). It is still in testing and may be open - sourced in the future. It is understood that OpenStoryline is positioned based on AI agents and supports conversational editing. Its effects are similar to those of Jimeng Xiaoyunque and SenseTime Seko 2.0. (Cailian Press)

Woman Driving Tesla Experiences Full - Vehicle Power Outage at High Speed, After - Sales Suggests "Charge When There's 100 km Left"

On the evening of February 7th, on the highway from Shanghai to Taizhou, a 2022 Tesla Model Y suddenly lost power and experienced a full - vehicle power outage when it was only about 2 kilometers away from Shengzhou Service Area. Ms. Chen, the car owner, clearly remembers that before the loss of control, the remaining range on the screen still showed about 72 kilometers.

After the incident, Tesla's after - sales service initially explained it as "unstable battery status" and at the same time suggested that when driving at high speed, the vehicle should be charged when there is 100 kilometers of remaining power. This suggestion has sparked extensive controversy. Many car owners believe that with more than 70 kilometers shown on the display and only 2 kilometers away from the service area, it is within the reasonable planning range.

The reporter noticed that this kind of high - speed power outage is not an isolated case. Previously, other Tesla owners have also encountered similar situations such as full - vehicle power outages and loss of control of doors and windows. Some of the faults were determined by the after - sales service to be problems with the control module. As early new - energy vehicles gradually enter the out - of - warranty period, issues such as the stability of the electronic control system, long - term reliability, and the definition of after - sales responsibility have begun to emerge intensively. (New Yellow River)

Large Companies/ Major Events

An e-commerce platform launches a gold phone case priced at 139,999 yuan, and an iPhone will be given away with each purchase

On February 9th, an e-commerce platform launched a Spring Festival limited-edition gold phone case product, featuring a "buy the case, get a phone for free" marketing model, which has attracted the attention of the consumer market. The product is a phone case made of Au99.99 investment gold, available in five specifications: 10g, 20g, 30g, 50g, and 100g. The starting price is 13,999 yuan, and the top-of-the-line 100g version is priced at 139,999 yuan. As of the time of publication, 55 pieces have been sold.

The event rules state that from February 9th to 16th, customers who purchase the 100g specification and pay a full 139,999 yuan will receive a 256GB iPhone 17 Pro Max as a gift. The phone will not be shipped together with the phone case and needs to be redeemed with a coupon after the customer signs for the case. The main body of the product is made of PC material with electroplating technology, and it has a detachable pure gold sheet inside. Currently, it is only compatible with the iPhone 17 Pro Max model.

The merchant clearly states in the usage instructions that wireless charging is prohibited. The customer service explained that gold is prone to inductive heating in a wireless charging scenario, which may cause the phone to overheat or malfunction. Some consumers have reported that they are unable to use the wireless charging function after purchasing the high-gram version, which limits their daily experience. (Jimu News)

Agency: Memory prices soared by up to 90% compared to the fourth quarter of 2025

On February 9, according to the "February Memory Price Tracking Report" by Counterpoint, as of the first quarter of 2026, memory prices increased by 80% - 90% quarter - on - quarter, experiencing an unprecedented record surge. The main driver of this round of increase is the sharp rise in the price of general - purpose server DRAM. In addition, the price of NAND flash memory, which was relatively stable in the fourth quarter, also increased by 80% - 90% in the first quarter. Coupled with the rising prices of some HBM 3e products, the market is showing a comprehensive and accelerating upward trend across all product categories and segments. Taking server - grade memory as an example, the contract price of 64GB RDIMM has soared from $450 in the fourth quarter to over $900 in the first quarter, and is expected to break through the $1000 mark in the second quarter. (Jiemian News)

Tim Cook Confirms Apple to Hold 50th Anniversary Celebration, Specific Form Yet to Be Announced

On the evening of February 8th, Bloomberg reporter Mark Gurman revealed in the "Power On" newsletter that Apple CEO Tim Cook confirmed to employees at an internal all - hands meeting that the company is preparing a commemorative event for its 50th anniversary. The specific form of the event has not been announced yet. Apple was founded on April 1st, 1976, and is approaching its 50th - anniversary milestone.

Cook said at the meeting that he has been thinking about how to commemorate this important moment recently. The team has reviewed the company's archives, photos, products, services, and related personnel, and deeply felt that Apple has not only changed itself but also profoundly changed the world and created great value. He clearly stated that Apple will definitely hold a celebration. Currently, it is not ready to announce the specific way. He also mentioned that Apple has always focused more on looking forward. Preparing for the commemorative event is a new exercise for the team. Looking back on the 50 - year journey is inspiring. He assured employees that there will definitely be a celebration arrangement. As of now, Cook has not specified whether the event is for internal staff or the public. (IT Home)

Beijing Xibei Xiaoniu Catering Renamed Beiniu Catering, Jia Guolong No Longer Serves

36Kr learned that the Aiqicha App shows that recently, Beijing Xibei Xiaoniu Catering Management Co., Ltd. has undergone industrial and commercial changes. The company name has been changed to Beijing Beiniu Catering Management Co., Ltd. Meanwhile, Jia Guolong has stepped down as the legal representative, manager, and director, and He Haibin has taken over. It is worth mentioning that in January this year, the company just underwent industrial and commercial changes, and Jia Guolong served as the legal representative, manager, and director.

Li Yapeng Announces Suspension of Live Streaming: To Focus on Work at Yanran Hospital

On February 8th, Li Yapeng held an additional live-streaming sales event specifically for the enterprises that had donated to Yanran Hospital. At the end of the live stream, Li Yapeng said that he never wanted to take up screen time or bother everyone. Starting from the 9th, he would be busy with the work at Yanran Hospital, bringing the live streaming before the Spring Festival to a temporary halt. The next live stream might not happen for a long time.

Data from a third-party platform shows that Li Yapeng's live stream on the evening of the 8th with the theme of "Thank You for Your Kindness and Support" lasted for 3 hours and 33 minutes, attracting 16.842 million views and generating sales of between 75 million and 100 million yuan. The live-streaming room topped the "Top-Selling New Year Goods List" for a long time that night. Brands sold in the live-streaming room that night included Lotus MSG, Weilong, Haoshi Bread, Chakoule, and Xiahu Shijia. (Daily Economic News)

Tesla's Tao Lin: There is no specific date for FSD to be launched in China, and a local training center has been established

On February 9, it was learned from Tesla China that Tao Lin, the vice president of Tesla, recently revealed that there is no specific date for the launch of Tesla's FSD (Full Self-Driving) in the Chinese mainland, but all work (including the deployment of the local training center) is progressing steadily. "We have set up a local training center in China, which is specifically responsible for the adaptation of this part. Once it is officially launched, it will demonstrate a level no less than or even surpass that of local drivers," she said. (The Paper)

The three major U.S. stock indexes closed higher collectively, while most popular Chinese concept stocks fell

36Kr learned that at the close on February 9, the three major U.S. stock indexes rose collectively. The Dow Jones Industrial Average rose 0.04%, the Nasdaq Composite rose 0.9%, and the S&P 500 Index rose 0.47%. Most large technology stocks rose. Oracle rose more than 9%, Microsoft rose more than 3%, NVIDIA and Meta rose more than 2%, Tesla rose more than 1%, and Google rose slightly; Apple fell more than 1%, and Netflix and Amazon fell slightly. Most popular Chinese concept stocks fell. Li Auto fell more than 3%, NIO and Bilibili fell more than 2%, iQiyi and XPeng Motors fell more than 1%; Tiger Brokers rose more than 4%, and Futu Holdings rose more than 3%.

Alphabet's US dollar bonds are reported to have attracted over $100 billion in subscription demand

According to insiders with direct knowledge of the matter, the US dollar bond issuance of Alphabet Inc. has attracted over $100 billion in subscriptions, and the issuance size is expected to be around $15 billion. The fervor of this subscription is rare in corporate bond issuances, indicating investors' strong interest in bonds related to the artificial intelligence (AI) craze. Just last week, Oracle raised $25 billion through a bond issuance, attracting a record $129 billion in demand. Alphabet has also authorized banks to arrange potential Swiss franc and British pound bond issuances, including the rare 100 - year British pound bonds. (Jiemian News)

Seres Plans to Spin off Key Assets and Will Lose Control of Landian Automobile

On the evening of February 8, Seres (601127.SH) released an "Announcement on Signing a Cooperation Agreement". The announcement stated that on February 8, 2026, Seres signed a "Cooperation Agreement" with the People's Government of Shapingba District, Chongqing. According to the "Cooperation Agreement", Seres will spin off relevant existing assets of Landian Automobile to establish a target company. The Shapingba District Government will form or introduce a limited partnership, along with other investors and the management team, to increase the capital of the target company in cash. After the capital increase by all parties, the relevant parties of the Shapingba District Government will hold approximately 33.5% of the shares, Seres and its designated entities will hold approximately 32%, other investors will hold approximately 18.5%, and the employee shareholding platform established by the target company will hold approximately 16%. The board of directors of the target company will consist of 5 members, with Seres appointing 1. This also means that after the asset spin - off, Seres will no longer have control over Landian Automobile and will only be a minority shareholder of the latter. (China Business News)

Reports say Samsung Display is considering expanding OLED panel production capacity as Apple plans to launch the iPhone Flip, a small foldable phone

According to ETNews, since Apple plans to launch a small foldable phone, the iPhone Flip, after the release of the iPhone Fold, Samsung Display is currently evaluating the expansion of OLED panel production capacity for Apple's foldable products. Samsung Display is considering investing in new folding OLED production equipment at its A4 factory in Asan, South Chungcheong Province, South Korea. The focus is on upgrading the backplane-related processes, including the thin-film transistor (TFT) production line. The overall direction has been determined. Once the internal review of the specific investment scale is completed, the relevant capital expenditure is expected to start in the second quarter of this year. (Caixin Press)

Israeli antitrust agency to fine El Al Airlines $39 million

The Israeli Competition Authority announced on February 8 local time that it plans to fine El Al Airlines 121 million shekels ($39 million) because the company set excessively high and unfair air ticket prices during the Israel - Palestine conflict. The fine amount is the maximum permitted by law. (Jiemian News)

Elon Musk Plans to Build Data Centers in Space, and SpaceX Launches Large-Scale Recruitment for This Purpose

While countries are spending hundreds of billions of dollars to build ground-based data centers in the global race for AI hegemony, Elon Musk, the CEO of SpaceX, believes that the best way to save energy, funds, and space is to build data centers in space.

SpaceX said its goal is to launch "a constellation of one million satellites to operate as an orbital data center." Currently, the company is conducting large-scale recruitment for this purpose. According to the company, each satellite can provide about 100 kilowatts of computing power per ton of weight, adding 100 gigawatts of computing capacity to the AI field annually.

SpaceX has started recruiting talent for the space-based data center project. Michael Nichols, the vice president of the Starlink project, posted on social platform X last Friday that the company is recruiting for "multiple key engineering positions" for the space data center R & D project, including the position of "Space Laser Engineer" in Redmond, Washington. (IT Home)

Vitol, the world's largest oil trader, delays the expectation of peak global oil demand

Vitol, the world's largest independent oil trader, said that due to the slowdown in the popularization of electric vehicles, the time when global oil demand reaches its peak will be later than previously expected. The group pointed out in a report released on Monday that it currently expects oil demand to peak in the mid - 2030s, while the previous forecast was for the early 2030s. The report said that by 2040, the global daily oil demand will be about 5 million barrels per day higher than the current level. (Caixin Alliance)

The founding family of H&M spent 75 million Swedish kronor to purchase shares in the company

Documents from the Swedish Financial Supervisory Authority show that the founding family of the H&M Group purchased 410,335 shares of the company through the investment vehicle Ramsbury Invest on February 4, spending approximately 75 million Swedish kronor. (Jiemian News)

Nike Brand Restructuring: Converse Employees Asked to Work from Home

According to an internal memo, Converse employees were asked to work from home this week as the Nike-owned brand is implementing strategic adjustments aimed at reviving sales growth. These adjustments include new positions and team restructurings, and management said it will lay off some employees. (Caixin Press)

Playboy Reaches a $122 Million Agreement with UTG Group to Sell 50% Stake in Its Chinese Business

Playboy announced on February 9 that it has signed a final agreement with United Trademark Group (UTG) to sell 50% of its stake in its Chinese business. After the completion of the transaction, UTG will comprehensively manage Playboy's business operations in the Chinese mainland, Hong Kong, and Macau. According to the terms of the agreement, Playboy will receive a total of $122 million in cash: $45 million will be paid over two years as consideration for UTG's acquisition of a 50% stake in Playboy's joint - venture in the Chinese business; $67 million is the minimum guaranteed dividend over an eight - year period; plus an additional $10 million in brand support funds over the next three years. (Cailian Press)

Uber Announces Acquisition of Getir's Delivery Business in Turkey

On February 9th, Uber and Turkish instant delivery company Getir announced an agreement. Uber will acquire Getir's delivery business in Turkey, covering food, grocery, retail, and drinking water delivery services. The transaction is still subject to regulatory approval and the fulfillment of other closing conditions. (Jiemian News)

Going Public in Progress

PayPay

Junichi Miyakawa, CEO of SoftBank Group, said on February 9 that the preparations for PayPay's listing are progressing smoothly. (Jiemian News)

Lead Intelligent Equipment Co., Ltd.

36Kr learned that Lead Intelligent Equipment Co., Ltd. announced that the company has determined the final price for this H-share issuance at HK$45.8 per share. The H-shares issued by the company are expected to be listed and start trading on the Main Board of the Hong Kong Stock Exchange on February 11, 2026.

The Cutting-Edge of AI

AI.com Acquired for $70 Million

It is reported that the internet domain name "AI.com", which is the acronym for "Artificial Intelligence", has recently been acquired by a company for $70 million and will be used to provide artificial intelligence agency services. The price of $70 million is also the most expensive internet domain name transaction known in publicly reported cases. It is learned that "AI.com" will serve as a new platform to provide users with artificial intelligence agency services to help manage daily tasks. Users will be able to access "AI.com" for free and obtain more advanced features through paid services. (CCTV Finance)

Meta Warned by EU: Must Open WhatsApp to Competitor AI Chatbots

The European Commission announced on February 9 that it has issued a statement of objections to Meta, preliminarily determining that Meta has violated EU antitrust regulations by preventing third - party artificial intelligence assistants from accessing and interacting with WhatsApp users. Meta's actions may hinder competitors from entering or expanding in the rapidly growing artificial intelligence assistant market. The European Commission intends to take temporary measures to prevent the policy change from causing serious and irreversible damage to the market, on the premise that Meta responds and exercises its right of defense.

On October 15, 2025, Meta announced an update to the WhatsApp terms, effectively banning third - party general AI assistants from accessing the app. Since January 15, 2026, the WhatsApp platform has only retained Meta's own tool, Meta AI, as the only available AI assistant, and competitor products have all been blocked. (Jiemian News)

Financial Reports of Big Companies

SOHU's Q4 Revenue in 2025 Reached $142 Million, with Annual Total Revenue of $584 Million

On February 9th, SOHU released its financial reports for the fourth quarter and the full - year 2025. The reports showed that in the fourth quarter of 2025, SOHU's total revenue reached $142 million, a year - on - year increase of 6%. Among them, the revenue from marketing services was $17 million, and the revenue from online games was $120 million. For the full - year 2025, SOHU's total revenue was $584 million. The revenue from marketing services was $60 million, and the revenue from online games was $506 million. After excluding the impact of the write - off of pre - accrued income tax for Changyou, SOHU reported a non - GAAP loss of $51 million in 2025, nearly a 40% reduction compared to the $83 million loss in 2024.

SoftBank's operating profit in the first nine months of this fiscal year was 884.14 billion yen

SoftBank's operating profit in the first nine months of this fiscal year was 884.14 billion yen, compared with 821.86 billion yen in the same period last year; its revenue was 5.20 trillion yen, compared with 4.81 trillion yen in the same period last year. (Sina Finance)

Compiled | Zhao Huali, He Yuting