9点1氪丨语音误关大灯致车祸，领克道歉；OpenAI获1100亿美元融资；米哈游内部通报员工意外离世
Today's Hot Topics Guide
- Doubao Mobile Responds to Security Vulnerability
- Insta360: The Involved 337 Investigation Has Ended
- Multiple Unreleased Characters of miHoYo Leaked, Three "Post-00s" Detained
- China Post Says It Has Halted the Co-branded Event with "Dust White Forbidden Zone"
- Mixue Bingcheng to Build a "Snow King Paradise" in Its Hometown Henan
TOP 3 Big News
Lynk & Co Apologizes for Car Accident Caused by Accidentally Turning Off Headlights via Voice Command
Recently, an incident where a car owner accidentally turned off the headlights of a Lynk & Co Z20 via voice command while driving on the highway at night, causing the vehicle to crash into the guardrail, has attracted wide attention from netizens. In response to this incident, Mu Jun, the deputy general manager of Lynk & Co Automobile Sales Co., Ltd., responded through social media platforms. On February 26, Mu Jun posted on his personal Weibo, saying, "Last night, there was a situation where the headlights of a Lynk & Co Z20 were accidentally turned off by voice control during driving. Today, we completed the optimization plan for voice control at the first time and have now pushed the update through the cloud. In the future, the headlights can only be turned off manually while the vehicle is in motion. Please rest assured. Thank you for the feedback and supervision from users. We deeply apologize for the trouble caused. Lynk & Co will always safeguard your safety." (Caixin)
OpenAI Secures $110 Billion in Financing
OpenAI announced that it has obtained new financing of $110 billion. Among it, $30 billion comes from SoftBank, $30 billion from NVIDIA, and $50 billion from Amazon. The pre - investment valuation is $730 billion. OpenAI said that the company has also signed a strategic partnership with Amazon and an agreement on next - generation inference computing with NVIDIA. With the progress of this round of financing, it is expected that more financial investors will join in the follow - up. (Yicai Global)
MiHoYo Responds to Employee's Unexpected Passing: "Paying 30,000 Yuan as Consolation Money" Is False, Still Actively Communicating with Family Members
Recently, it was reported that a 36 - year - old programmer at MiHoYo died suddenly on the night of his return to work. On February 27th, MiHoYo issued an internal statement in response to the employee's unexpected passing. It stated that the employee returned to work on February 24th this year, clocked out at 19:08 that day. On the morning of the 25th, as the employee did not attend the morning meeting as usual and could not be reached, the company immediately contacted the family members and the police. After the police went to the employee's residence, they found that the employee had unfortunately passed away. The official clearly stated that the employee did not have overtime work under an overload situation, and the off - work time was normal after returning to work. The speculation on the Internet that "over - tiredness caused by overtime during the Spring Festival" did not match the facts. Meanwhile, regarding the online rumor that "30,000 yuan was paid as consolation money", MiHoYo said this was false information, and the company is currently actively communicating with the family members. (Caixin.com Technology, Cover News)
Image source: @Caixin.com Technology
Large Companies/ Major Events
Doubao Mobile Responds to Security Vulnerability and Upgrades Corresponding Protection Measures
36Kr learned that Doubao Mobile issued a solemn statement regarding the malicious hype of the "Doubao Mobile Assistant Vulnerability" by black public relations. It mentioned that ByteDance attaches great importance to user information security and has an open security vulnerability response platform, offering generous rewards to vulnerability reporters. As of now, we have not received a detailed report on the Doubao Mobile Assistant vulnerability, nor have we been notified by relevant network security regulatory authorities. According to the national "Regulations on the Management of Security Vulnerabilities in Network Products", publicly disclosing vulnerabilities in violation of regulations is suspected of being illegal. In the so-called online-circulated vulnerability demonstration video, the attack can only be triggered if users actively ask the AI to view malicious emails or text messages. Without user instructions, the AI will not automatically perform high-risk operations. In response to the attack method demonstrated in the video, Doubao Mobile Assistant has upgraded the corresponding protection measures.
Insta360: The 337 investigation involved has ended, and the company will continue to import and sell existing products in the United States without restrictions
36Kr learned that Insta360 announced that on February 26, 2026 (U.S. time), the company learned the final ruling result of the U.S. International Trade Commission (referred to as "ITC"). Regarding the 6 patents involved in the case, the ITC confirmed that the accused products involved in 3 invention patents claimed by GoPro did not constitute infringement and the patent claims were invalid/partially invalid, the accused products involved in 1 invention patent claimed by GoPro did not constitute infringement, and the claims of 1 invention patent claimed by GoPro were invalid. Only some of the company's products exported to the United States fall within the scope of protection of 1 design patent claimed by GoPro, but the new design scheme proposed by the company has been re - recognized by the ITC as not constituting any infringement of this patent. The previous - generation products that fall within the scope of protection of the design patent claimed by GoPro are no longer exported to the United States, and the current products have all been replaced by the new design scheme. So far, the 337 investigation involving the company has ended, and this 337 investigation has not had a substantial impact on the company's production and operation. The company will continue to import and sell existing products in the United States without restrictions.
Meizu Denies Rumors of "Mobile Phone Withdrawal from the Market", and Is in Contact with Third - Party Hardware Partners
On February 27th, Meizu Technology posted on Weibo to respond to the rumor of its mobile phone withdrawal from the market: Dear Meizu fans and friends from all walks of life who care about Meizu, recently, the voices of concern about Meizu on the Internet have continued to intensify, leading to many misinterpretations. Here, we solemnly announce that we will resolutely pursue the legal liability of those who spread rumors and false reports about Meizu, such as "bankruptcy and reorganization, business suspension, and mobile phone withdrawal from the market", to safeguard a clean and healthy online environment.
The announcement pointed out that affected by the fierce competition in the mobile phone market in recent years and the sharp rise in memory prices, Meizu will suspend the self - developed hardware projects of new domestic mobile phones and is actively in contact with third - party hardware partners. At the same time, the original business will not be affected at all. It was learned from an informed source that the partner Meizu is in contact with may be Cube. The aforementioned informed source said, "Currently, Cube has an intention to cooperate with Meizu. The specific cooperation is still in the process of communication and promotion, and the cooperation situation depends on the communication on the product side." (Caixin, Financial News)
Multiple Unreleased Characters of Mihoyo Leaked, Three Post-2000s Suspects Detained
On February 27th, the Shanghai police announced the breakthrough of the first criminal case of "illegal spoilers" in the game field in Shanghai. Three post-2000s suspects were held legally accountable for cracking Mihoyo's game test packages and leaking multiple unreleased game contents. This is also a typical case in China of combating game spoiler behavior based on the new judicial interpretation of intellectual property rights.
After investigation, all three suspects are game enthusiasts. In order to gain traffic and receive rewards from platforms and users, they cracked the game test packages through technical means, produced and posted infringing videos, and thought they could evade legal liability by simply deleting the videos. Currently, Su and Wu have been transferred to the procuratorate for prosecution, and Zhou has been taken criminal coercive measures in accordance with the law. The case is under further investigation. (Jiemian News)
Zhou Hongyi Responds to 360's Focus on AI Glasses: "This Thing Is Quite Difficult to Make"
On February 26th, Zhou Hongyi, the founder of 360, responded to the topic of "whether 360 will focus on AI glasses" during an interview. He said that after a careful look, he found that this thing is quite difficult to make. First, several giants are eyeing this market. The hardware doesn't make money, and the cost of software services is quite high. Second, no particularly suitable scenarios have been found yet, and headphones, lapel microphones, voice recorders, and mobile phones can all serve as substitutes. Zhou Hongyi emphasized that in essence, hardware is just a shell and a carrier, and ultimately it still comes back to the core of the intelligent agent. Therefore, the company will still focus on the intelligent agent. (Securities Times)
China Post Says It Has Halted the Co-branded Activity with "Dust White Sniper"
On February 26, the topic "China Post and Dust White Sniper" trended on social media. Previously, the official announcement by the mobile game "Dust White Sniper" about a co-branded offline post office pop-up event with China Post sparked controversy. On the same day, China Post officially responded that the relevant post offices have now halted the service, and the public can follow up on the subsequent developments. The mobile game "Dust White Sniper" also announced the termination of its co-branded cooperation with China Post.
On February 27, Jiemian News called China Post's customer service regarding this matter but did not get a valid response. Previously, "Dust White Sniper" posted on Weibo that it would collaborate with China Post to launch an offline post office pop-up event called "Pledge a Permanent Promise" and simultaneously sell co-branded commemorative gift boxes. According to public information, "Dust White Sniper" was launched in 2023 and later became an adult-oriented game, with minors prohibited from logging in across all channels. Many female characters in the game wear revealing clothes and have exaggerated figures, which have been criticized as vulgar and bordering on indecency. (Jiemian News)
Is ByteDance's first independently listed subsidiary coming? Dongchedi says "no comment for now"
On February 27, market sources said that Dongchedi, a subsidiary of ByteDance, is considering an IPO in Hong Kong, raising between $1 billion and $1.5 billion. In response, reporters sought confirmation from Dongchedi and ByteDance. Both sides said "no comment for now." (21st Century Business Herald)
Qi Shi, the actual controller of Eastmoney, will donate stocks worth 450 million yuan in market value
On February 26, Eastmoney Information Co., Ltd. (hereinafter referred to as "Eastmoney") issued an announcement stating that it had received notice from Qi Shi, the controlling shareholder and actual controller of the company. In order to support the development of education, promote talent cultivation and technological innovation, Qi Shi plans to donate 20 million unrestricted tradable shares of the company he holds to the Education Development Foundation of Shanghai Jiao Tong University, accounting for 0.13% of the company's total share capital. (The Paper)
Mixue to Build "Snow King Paradise" in Its Hometown of Henan
It is learned from sources close to Mixue that the first "Snow King Indoor Paradise" project in the country is located at the group's headquarters in Zhengzhou, Henan. Currently, all work is progressing steadily. It is reported that the paradise takes the Snow King IP as the core to create a sweet and fantastic Snow King world. Multiple indoor theme experience areas are planned to deeply integrate the three scenarios of Mixue's global headquarters, global flagship store, and theme park, creating a trinity experience system of "playing + shopping + experiencing". (Dahe Finance Cube)
The first batch of semaglutide generic drugs in China is coming
As the core molecular patent of semaglutide, a blockbuster GLP - 1 drug of weight - loss drug giant Novo Nordisk, is about to expire in March in China, a large number of domestic semaglutide generic drugs in China are on the way to being approved. According to public information, currently in the domestic market, semaglutide generic drugs of more than a dozen local pharmaceutical companies including Jiuyuan Gene, Livzon Group, Huadong Medicine, Qilu Pharmaceutical, and Chia Tai Tianqing are expected to be launched in the near future. More than a dozen other drugs are in the third - phase clinical trials, and a price war is about to sweep across. An endocrinologist said that with the launch of more generic drugs, weight - loss drugs will soon enter the era of "rock - bottom prices". (Yicai Global)
Tesla's Self-driving Technology Completes Road Tests in Abu Dhabi
The Integrated Transport Centre (ITC) in Abu Dhabi announced on February 26 that under the supervision of drivers, it has overseen Tesla in completing the local road tests of its latest self-driving technology. Tesla's test project in Abu Dhabi aims to promote innovation in transportation within the approved regulatory framework, establish a test model for advanced driver assistance and autonomous driving technologies in the UAE, and at the same time seek to maintain a careful balance between safety requirements and the encouragement of adopting modern innovations. (Caixin)
NVIDIA Warns of Tight Supply of Gaming GPUs, Hinting at Price Hikes and Shortages
NVIDIA CEO Jensen Huang warned on February 26 that the supply of gaming graphics cards will be tight in the first half of this fiscal year, and the company also lacks clear visibility into the situation in the second half. Given the shortage of desktop gaming graphics cards and laptop gaming GPUs, the prices of gaming hardware are expected to rise. "Although we really hope to have more supply, we do think the next few quarters will be very tight," NVIDIA CEO Jensen Huang said during the company's earnings conference call with financial analysts and investors. "If the situation improves by the end of the year, we might then consider the year-on-year growth, but it's too early to determine now. We'll update you as soon as possible." (Sina Finance)
Xiaomi Auto: To Establish a Safety Advisory Committee and a Public Safety Communication Mechanism
Xiaomi has revealed that in the new year, Xiaomi Auto will establish a Xiaomi Auto Safety Advisory Committee. Invitations will be sent to vehicle safety experts from major colleges and universities and research institutions across the country, as well as experts who have participated in national affairs investigations and recalls, asking them to conduct multi - angle evaluations and reviews of Xiaomi Auto's safety. In addition, Xiaomi Auto also hopes to establish a public safety communication mechanism, regularly communicate with car owners, the media, and experts to offer suggestions for Xiaomi Auto's safety. It is expected that an event will be held in the first half of this year. (Jiemian News)
Warner Bros. Signs Agreement with Paramount, Agreeing to Be Acquired
According to news on February 27 local time, Warner Bros. Discovery Inc. signed an agreement worth $110 billion with Paramount Pictures in the morning of the same day, agreeing to be acquired by the latter. It is reported that this deal includes approximately $29 billion in debt and is one of the largest mergers and acquisitions in Hollywood in recent years. After the merger is completed, Paramount will obtain the rich intellectual property resources under Warner Bros., including series such as Fantastic Beasts and The Matrix. However, some analysts believe that this merger and acquisition case is expected to face anti - monopoly reviews from US and overseas regulatory authorities. (CCTV News)
U.S. Stocks Close: Dow Jones Industrial Average Posts 10 Consecutive Monthly Gains, U.S. KBW Bank Index Records Largest Single - Day Drop Since April Last Year
All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 1.05%, down 1.31% for the week and up 0.17% for February, posting 10 consecutive monthly gains. The Nasdaq Composite dropped 0.92%, down 0.95% for the week and 3.38% for February. The S&P 500 Index declined 0.43%, down 0.44% for the week and 0.87% for February. The U.S. KBW Bank Index tumbled nearly 5%, recording its largest single - day drop since April last year. Most large - cap technology stocks declined. NVIDIA fell more than 4%, Apple dropped over 3%, Microsoft declined more than 2%, and Tesla and Meta fell more than 1%. Netflix rose more than 13%, posting its best single - day performance since October 2023. Google rose more than 1%, and Amazon edged up slightly. Goldman Sachs dropped over 7%, Morgan Stanley declined more than 6%, Wells Fargo and Citigroup fell more than 5%, and Bank of America dropped more than 4%. Dell Technologies rose about 22%, recording its largest single - day gain since March 2024. Block rose nearly 17%, recording its largest single - day gain since 2022. (Jiemian News)
GUESS to Close All Stores in the Chinese Market
Recently, many consumers received text messages stating that due to the adjustment of its business model, GUESS will close all its online and offline stores across the country before the end of March. In the future, GUESS will deeply cultivate the Chinese market with a new model.
Jiemian News has confirmed the withdrawal news from both online and offline store clerks. Authentic Brands Group, the parent company of GUESS, told Jiemian News that it is carrying out strategic adjustments in the Chinese market, and no details about the subsequent progress have been revealed for now. In early 2026, Authentic Brands Group and Guess, Inc jointly announced the completion of the privatization transaction of Guess. Currently, Authentic holds a 51% stake in almost all of Guess's intellectual property rights, while the remaining 49% is held by Guess's remaining shareholders. (Jiemian News)
The Cutting - Edge of AI
Apple Requests Dismissal of Fraud Lawsuit Related to Siri AI and Epic Ban
Apple has urged a federal judge to dismiss a proposed class - action lawsuit. The lawsuit accuses Apple of defrauding shareholders twice: first, by overstating the artificial intelligence capabilities of its voice assistant Siri; second, by making false statements regarding compliance with a court injunction on app sales commissions. In a filing submitted to the federal court in San Jose, California, on the 25th, Apple stated that there is no evidence indicating that when Apple discussed artificial intelligence at a meeting in June 2024, it already knew that integrating two advanced AI features into Siri would take longer than expected and might affect the sales of the iPhone 16. (Sina Finance)
Google Reportedly Reaches a Multi-Billion-Dollar AI Chip Deal with Meta
Google is reportedly reaching a multi-billion-dollar AI chip deal with Meta. Meta will use Google's chips to develop new artificial intelligence models. (Caixin)
OpenAI to Make London Its Largest Research Hub Outside the US
OpenAI, the developer of ChatGPT, announced on February 26 that it will make London its largest research center outside the United States. The company said that the UK's tech ecosystem provides an ideal environment for investing in and developing new artificial intelligence systems. This move supports the UK's goal of becoming a "powerhouse in artificial intelligence" and a hub for cutting - edge research, as governments around the world are currently vying to attract investments from major mainstream large - model developers. (Sina Finance)
Hyundai Motor Group Plans to Invest $6.3 Billion in South Korea's AI and Robotics Fields
According to a statement sent by South Korea's Ministry of Land, Infrastructure and Transport via email, Hyundai Motor Group will invest 9 trillion won (approximately $6.3 billion) in artificial intelligence, robotics, and hydrogen businesses in the Saemangeum area on the west coast of South Korea. Hyundai Motor Group signed an investment agreement with the government on the 27th. It will spend 400 billion won to build a robotics manufacturing plant, 5.8 trillion won to build an artificial intelligence data center, 1 trillion won to establish water electrolysis facilities for the production and supply of green hydrogen, and 1.3 trillion won to build solar power generation facilities. (Sina Finance)
Going Public
SpaceX
On February 27 local time, it was reported that people familiar with the matter revealed that SpaceX is advancing its largest - ever listing plan and is considering secretly submitting an initial public offering (IPO) application as early as March. People familiar with the matter said that the relevant considerations are still ongoing, the specific details may change, and SpaceX may still postpone submitting the application. Another person familiar with the matter said that SpaceX may seek a valuation of more than $1.75 trillion in the IPO. Previously, it was reported that after the merger of SpaceX and xAI, the valuation of the new company reached $1.25 trillion. (Jiemian News)
Meige Smart
36Kr learned that Meige Smart announced that the company plans to offer 35 million H-shares globally, including 3.5 million shares for Hong Kong public offering and 31.5 million shares for international offering. The share subscription period will be from February 27 to March 5, 2026, and the expected pricing date is March 6. The offering price will not exceed HK$28.86 per share. The trading lot of H-shares will be 100 shares per lot. CICC is the sole sponsor. The H-shares are expected to start trading on the Stock Exchange on March 10, 2026. After calculation, Meige Smart is expected to raise up to HK$1 billion.
Tritium
36Kr learned that Tritium announced that the company submitted an application to the Hong Kong Stock Exchange on February 26 for the issuance of overseas-listed foreign shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. On the same day, it also published the application materials for this issuance and listing on the website of the Hong Kong Stock Exchange.
SKF
On February 26, SKF, an established bearing company, announced that SKF Vertevo will be the name used by SKF's automotive business when it operates as an independent company. This announcement marks an important step for SKF in advancing the spin-off of its automotive business. According to the plan, SKF aims to list SKF Vertevo on the Nasdaq Stockholm Stock Exchange in the fourth quarter of this year. However, this plan still requires the board of directors to propose a spin-off and listing plan and obtain approval from the shareholders' meeting. (Jiemian News)
Titanium Mobility Technology
36Kr learned that Titanium Mobility Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation and J.P. Morgan.
Financial Reports of Large Companies
HKEX Earned a Net Profit of HK$17.75 Billion in 2025
On February 26, Hong Kong Exchanges and Clearing Limited (00388.HK, hereinafter referred to as "HKEX") announced its full - year results for 2025. HKEX's income and other revenues in 2025 reached HK$29.161 billion, a 30% increase compared to 2024. The profit attributable to shareholders was HK$17.754 billion, a year - on - year increase of 36%. The HKEX board of directors announced an interim dividend of HK$6.52 per share, a year - on - year increase of 33%. Together with the first interim dividend of HK$6 per share paid in September 2025, the annual dividend was HK$12.52 per share, with a total dividend payout of HK$15.825 billion. (Jiemian News)
Photovoltaic giant JinkoSolar reports its first loss in 12 years
On February 27, JinkoSolar released its performance preview for the year 2025. It stated that during the reporting period, the company achieved a total operating revenue of 65.492 billion yuan, a 29.18% decrease compared to the same period of the previous year. The net loss attributable to the shareholders of the parent company was 6.786 billion yuan, a 6959.50% decrease compared to the same period of the previous year. Jiemian News reviewed JinkoSolar's annual financial reports and learned that this is the company's first loss since 2013. In 2012, the company's net loss was 971 million yuan. After that, it has been in a profitable state, and reached a record high net profit of 7.44 billion yuan in 2023. In 2024, the net profit dropped to 98.9276 million yuan. (Jiemian News)
Cambricon Performance Report: Operating Revenue Reached 6.497 Billion Yuan in 2025, a Year-on-Year Increase of 453.21%
36Kr learned that Cambricon released its performance report, showing that the operating revenue reached 6.497 billion yuan in 2025, a year-on-year increase of 453.21%. The net profit attributable to the owners of the parent company was 2.059 billion yuan, compared with a loss of 450 million yuan in the same period of the previous year.
Roborock's Performance Report: Net Profit of 1.36 Billion Yuan in 2025, a Year-on-Year Decrease of 31.19%
36Kr learned that Roborock released its performance report. In 2025, it achieved a total operating revenue of 18.616 billion yuan, a year-on-year increase of 55.85%; the net profit attributable to the owners of the parent company was 1.36 billion yuan, a year-on-year decrease of 31.19%; the basic earnings per share were 5.28 yuan.
Dell Technologies Achieves Record-High Quarterly Revenue and Profit, Announces 20% Increase in Cash Dividend
36Kr learned that Dell Technologies announced its financial results for the fourth quarter and the full fiscal year of fiscal year 2026 ending January 30, 2026, and also released its performance guidance for the first quarter and the full year of fiscal year 2027. The annual revenue reached a record high of $113.5 billion, a year-on-year increase of 19%. The quarterly revenue in the fourth quarter reached a record high of $33.4 billion, a year-on-year increase of 39%. Dell Technologies announced a 20% increase in cash dividends and a new stock repurchase authorization of $10 billion.
Junshi Biosciences Performance Report: Operating Revenue Reached 2.498 Billion Yuan in 2025, a Year-on-Year Increase of 28.23%
36Kr learned that Junshi Biosciences released a performance report, showing that its operating revenue reached 2.498 billion yuan in 2025, a year-on-year increase of 28.23%. The net profit attributable to the owners of the parent company was a loss of 874 million yuan, compared with a loss of 1.281 billion yuan in the same period of the previous year.
Investment and Financing
"Salute to the Unknown" Completes Over 100 Million Yuan Pre-A Round of Financing
36Kr learned that recently, the AI sports technology company "Salute to the Unknown" announced the completion of a Pre-A round of financing exceeding 100 million yuan. This round of financing was jointly invested by multiple institutions such as Skyworth Capital, Boyu Capital, Legend Capital, and GF Qianhe, and Chuangling Capital served as the exclusive financial advisor for this round. The funds raised in this round will be mainly used for global market expansion, new product R & D, and core technology innovation.
Cool Products
Qianwen to Release AI Glasses
According to a reporter from the Science and Technology Innovation Board Daily, Alibaba's Qianwen will unveil its AI glasses at the Mobile World Congress (MWC) in 2026 and start online and offline pre - orders across all channels on March 2. According to an insider at Alibaba, in addition to the AI glasses, Qianwen will also release products such as AI rings and AI earphones throughout the year and sell them in the global market. (Caixin)
Compiled | Exploding Tofu