Krypton Evening News | Intel Reaches Multi-Year Strategic Cooperation with SambaNova; Zong Fuli Appointed as Director of Zhejiang Wahaha Management Consulting Co., Ltd.; Tesla Accuses French Beverage Company of Maliciously Registering Cybercab Trademark
Large companies:
36Kr learned that Hengdian Film and Television announced that the cumulative decline deviation of the closing price of the company's stock on February 24th and 25th, 2026, for two consecutive trading days exceeded 20%, which is an abnormal fluctuation. After self - inspection and verification with the controlling shareholder and the actual controller, as of the date of the announcement, there is no major information that should be disclosed but has not been disclosed. The company's main business includes film and television investment and other operations. Currently, the operation is normal, and there have been no major adjustments to the market environment and industry policies. The company reminds investors to pay attention to risks such as market trading and to refer to the information announced by the designated media.
36Kr learned that Maiwei Co., Ltd. announced that the company plans to subscribe for 50 million yuan of capital contribution with its own funds as a limited partner to participate in the subscription of the fund shares of Wenzhou Chaoquan Venture Capital Partnership (Limited Partnership). This fund mainly invests directly or indirectly in enterprises engaged in the terminal manufacturing of advanced equipment in North China, with a focus on financing projects of companies approaching listing. This investment aims to further expand the company's business scope, leverage the professional capabilities and resource advantages of professional institutions, integrate resources from all parties, and improve the company's comprehensive competitiveness.
36Kr learned that SMIC announced that the company plans to issue shares to entities such as the National Integrated Circuit Industry Investment Fund to purchase a 49% stake in SMIC North. On February 25th, 2026, the company received a notice from the Shanghai Stock Exchange stating that it has decided to accept the application for SMIC to issue shares to purchase assets and will conduct a review in accordance with the law. This transaction still needs to be approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission.
The Arnault family's stake in LVMH has risen to 50.01%
Documents released by the French Financial Markets Authority on February 25th confirmed that as of February 19th, the Arnault family's stake in LVMH has risen to 50.01% of the capital and 65.94% of the voting rights. (Sina Finance)
36Kr learned that Baomo Co., Ltd. announced that due to the follow - up arrangements for the transfer of the company's control rights, Chairman Tao Xucheng, Vice - Chairman Ran Weidong, Directors Wen Li and Luo Yaxin have resigned. Wen Li will serve as the financial officer until February 28th, 2026, due to work handover, and the others have completed the handover. Due to work content and personal reasons, Deputy General Manager and Secretary of the Board Zhang Shipeng, and Personnel and Administrative Director and Securities Representative Liao Yuanyuan have also resigned, and Zhang Shipeng still serves as the deputy general manager. As of the date of the announcement, none of the above - mentioned personnel hold shares, and there are no issues related to relevant commitments. The board of directors has designated General Manager Li Ding to act as the secretary of the board of directors for a period not exceeding 3 months.
Liu Jun, the executive vice - president of Lenovo Group and the president of Lenovo China, specifically pointed out in an internal email that Lenovo China's infrastructure business has achieved milestone progress. Among them, the revenue of the server business increased by 17% year - on - year. CSP (Cloud Infrastructure) has won large orders from several Internet manufacturers, and its revenue increased by 37.1% year - on - year. E/SMB (Enterprise Infrastructure) revenue increased by 52% year - on - year. Lenovo's AI server business achieved double - digit high - speed growth, especially achieving a six - fold increase in the domestic market. The revenue of Lenovo's Poseidon liquid - cooling solution increased by 300% year - on - year.
General Atlantic values ByteDance at $550 billion
General Atlantic values ByteDance at $550 billion. (Sina Finance)
36Kr learned that Tongyuan Petroleum announced that the cumulative increase deviation of the closing price of the company's stock on February 24th and 25th, 2026, for two consecutive trading days exceeded 30%, which is an abnormal fluctuation in stock trading. There have been no major changes in the company's recent business operations and internal and external business environment. The company, its controlling shareholder, and the actual controller have no major matters that should be disclosed but have not been disclosed, or major matters in the planning stage.
US food delivery platform DoorDash exits four markets: Qatar, Singapore, Japan, and Uzbekistan
The US food delivery platform DoorDash announced that after months of reviewing the specific situations in various countries, the company has decided to withdraw its Deliveroo and Wolt brands from four markets: Qatar, Singapore, Japan, and Uzbekistan. The statement pointed out that the company will gradually stop its operations in the affected countries and will work closely with local teams and partners during this transition period to provide assistance to employees, merchants, consumers, and delivery workers. (Caixin)
Intel and SambaNova reach a multi - year strategic cooperation
Recently, SambaNova announced the launch of a multi - year cooperation plan with Intel. Based on the infrastructure of the Intel® Xeon® platform, it will provide high - performance and cost - effective AI inference solutions for global AI - native enterprises, model providers, corporate customers, and institutions. At the same time, Intel Capital will also participate in SambaNova's Series E financing. (Jiemian)
Zong Fuli becomes a director of Zhejiang Wahaha Management Consulting Co., Ltd.
36Kr learned that according to the Aiqicha App, recently, Zhejiang Wahaha Management Consulting Co., Ltd. underwent industrial and commercial changes. Jiang Lijie stepped down as the legal representative, executive director, and general manager, and Bao Minxia took over as the legal representative and manager. Zong Fuli took over as a director. Zhejiang Wahaha Management Consulting Co., Ltd. was established in March 2022, with a registered capital of 10 million yuan. Its business scope includes enterprise management consulting, enterprise management, information consulting services, etc. Shareholder information shows that the company is wholly - owned by Zhejiang Wahaha Venture Capital Co., Ltd.
Investment and financing:
Wuliangye Group invests in Sanjiang Huihai Financial Leasing Co., Ltd.
36Kr learned that according to the Aiqicha App, recently, Sichuan Sanjiang Huihai Financial Leasing Co., Ltd. underwent industrial and commercial changes. Sichuan Yibin Wuliangye Group Co., Ltd. was added as a shareholder. At the same time, the registered capital increased from approximately 1.27 billion yuan to approximately 2.04 billion yuan, an increase of approximately 60%. The company was established in February 2021, with Yue Yujie as the legal representative. Its business scope includes financial leasing business, and it is now jointly held by Yibin Development Holdings Group Co., Ltd. and the above - mentioned new shareholder.
Warner Bros. says Paramount's new offer of $31 per share may be better than Netflix's plan
Warner Bros. Discovery said that Paramount Global's new acquisition offer of $31 per share may result in a better deal than its existing agreement with Netflix, potentially triggering a new round of bidding for this well - known Hollywood film studio. A statement on Tuesday showed that Warner Bros. has not withdrawn its recommendation for investors to support Netflix's agreement to acquire its film production business and HBO business at $27.75 per share. However, the company said that Paramount's latest terms have met the threshold for further negotiations. Warner Bros. said that the board of directors has not yet decided whether Paramount's revised proposal is better than the merger plan with Netflix. The company plans to conduct more negotiations with Paramount and said that if the board of directors supports this increased offer, Netflix will have four working days to respond. (Jiemian)
New products:
ByteDance's PICO may release a new VR headset
Recently, the official Weibo account of PICO - XR released a video, previewing the upcoming new product, which features "efficiency, intuition, and openness". Ma Jiesi, the product manager of PICO OS, left a Weibo topic and said "Something new is coming", which may imply that the new product is a new VR headset device. (Sina Technology)
Today's viewpoints:
WiseTech CEO: After laying off 30% of employees, AI will bring more cost savings
Zubin Ahuja, the CEO of logistics software company WiseTech Global Ltd., said that the efficiency improvements brought by artificial intelligence will ultimately penetrate all departments of the company. Just a few hours ago, the company announced a plan to lay off nearly 30% of its employees within two years. (Sina Finance)
Tesla accuses a French beverage company of maliciously registering the Cybercab trademark
According to the electric vehicle news website Electrek, Tesla, led by Elon Musk, has filed a new complaint with the United States Patent and Trademark Office (USPTO), objecting to the French beverage manufacturer Unibev's use of the "Cybercab" trademark. In the documents filed with the USPTO, Tesla raised five objections to Unibev's trademark, accusing the company of improper behavior such as fraud. (Sina Finance)
Other notable news:
On February 25th, Mao Ning, the spokesperson of the Ministry of Foreign Affairs, presided over a regular press conference. Mao Ning said that China and Germany are comprehensive strategic partners and have accumulated successful practices of benign competition and integrated development. China - Germany cooperation is mutually beneficial and brings tangible benefits to the people of both countries. The two sides should adhere to the principles of mutual respect, equality, and win - win cooperation to promote greater development of China - Germany relations and jointly make greater contributions to world peace and prosperity. (CCTV News)
The South Korean government announced a series of measures on Wednesday aimed at promoting inbound tourism, including relaxing visa regulations and expanding entry points at regional airports. These measures were announced at an expanded meeting on the national tourism strategy held at the South Korean presidential office, chaired by South Korean President Lee Jae - myung, with officials from relevant departments in attendance. According to the proposed measures, the South Korean government plans to make the visa and entry procedures for foreign tourists more flexible and will include Indonesia in a visa - free pilot program for groups of three or more tourists. The South Korean government will also consider issuing five - year multiple - entry visas for tourists from China and Southeast Asian countries who have previously visited South Korea, and ten - year multiple - entry visas for tourists from major Chinese cities and Vietnam. (Sina Finance)