Krypton Evening News | Google DeepMind extends an olive branch to the Qianwen team; South Korean President orders the implementation of a 1,000 trillion won capital market stabilization plan; Merck responds to layoffs at its US vaccine factory
Large Companies:
An Alibaba - affiliated company established a new intelligent technology company in Hangzhou
36Kr learned that the Aiqicha App shows that recently, Hangzhou Lingtong Intelligent Technology Co., Ltd. was established. The legal representative is Lin Minghui, with a registered capital of 10 million yuan. Its business scope includes software development, manufacturing of computer software, hardware and peripheral equipment, data processing and storage support services, big data services, Internet data services, and software development for artificial intelligence applications. Shareholder information shows that the company is wholly - owned by Beijing Ruixun Lingtong Technology Co., Ltd., an Alibaba - affiliated company.
Google DeepMind extends an olive branch to the Qwen team
On the afternoon of March 5th, Omar Sanseviero, a relevant person in charge of Google DeepMind's development team, shouted on the social platform to friends of Qwen: "If you're looking for a new place to build great models and contribute to the open - model ecosystem, please contact us! There's a lot of exciting stuff on our roadmap, and there's still much work to be done in the future." Today, Alibaba approved the resignation application of Lin Junyang from Tongyi Lab. (Yicai)
JD Health: Total revenue in 2025 was 73.4 billion yuan, a year - on - year increase of 26.3%
36Kr learned that JD Health released its full - year performance announcement for 2025. In 2025, JD Health's total revenue was 73.4 billion yuan, a year - on - year increase of 26.3%. Under the non - International Financial Reporting Standards (Non - IFRS), the net profit reached 6.5 billion yuan, a year - on - year increase of 36.3%, and the net profit margin reached 8.9%. As of December 31, 2025, the number of annual active users of JD Health in the past 12 months was 218 million.
It is reported that due to concerns that artificial intelligence technology may cause large - scale unemployment and seriously damage many enterprises, the Bank of England is planning to conduct a scenario analysis of the potential economic and financial impacts of a "comprehensive AI shock." The Bank of England will also study whether to incorporate the relevant assessment results into its broader banking stress - test framework to reflect the possible surge in loan defaults by households and enterprises and the resulting damage to lending institutions. (Jiemian)
An Alibaba - affiliated company has applied for the "Haoyun Liande" trademark
36Kr learned that recently, "Haoyun Liande LUCKY LOOP," the first offline trendy toy store under Alibaba, has officially opened in Beijing. It is reported that Zhonglian Shengshi Culture (Beijing) Co., Ltd., the affiliated company of "Haoyun Liande LUCKY LOOP," is an indirect wholly - owned subsidiary of Damai Entertainment. In response, a relevant person from Damai Entertainment said that the store is an IP derivative collection store and is still in the preliminary exploration and preparation stage. The Aiqicha App shows that Zhonglian Shengshi Culture (Beijing) Co., Ltd. has applied for multiple trademarks such as "Haoyun Liande" and "LUCKY LOOP." The international classifications involve bed sheets, metal materials, kitchenware, etc. Currently, most of the above trademarks are in the application stage.
Investment and Financing:
MOMENTA may apply for a $1 billion Hong Kong IPO
MOMENTA is collaborating with China International Capital Corporation and Deutsche Bank on a Hong Kong IPO and is applying for a $1 billion IPO in Hong Kong. (Sina Finance)
36Kr learned that the embodied intelligence enterprise "Xingdong Jiyuan" completed a strategic financing round of 1 billion yuan recently, with a valuation exceeding 10 billion yuan. This round of financing was jointly invested by new institutions such as Samsung, GaoCheng Capital, Singtel, Woori Capital (affiliated with Woori Financial Group of South Korea), CICC Porsche, SMIC Juyuan, Fenghe Capital (Hichen Energy Storage), Wuxi Venture Capital, GF Qianhe, and Hongrui Group. Old shareholders such as CDH VGC and Tsinghua Holdings Tiancheng over - subscribed for additional investment. This financing round came only 2 months after the previous one for Xingdong Jiyuan, and the intended investment amount far exceeded the fundraising target.
According to people familiar with the matter, as of the end of last month, OpenAI's annualized revenue had exceeded $25 billion. This figure represents a 17% increase from $21.4 billion at the end of last year. OpenAI's current revenue is still higher than that of its competitor Anthropic, but the gap between the two giants is gradually narrowing: Anthropic's annualized revenue has recently exceeded $19 billion, almost tripling from the end of last year and increasing by 36% from two weeks ago. (Sina Finance)
New Products:
Yuan3.0 Ultra is open - sourced
36Kr learned that the YuanLab.ai team officially open - sourced and released the Yuan3.0 Ultra multi - modal large - scale foundation model today. It is understood that Yuan3.0 Ultra systematically introduces the optimization of the training efficiency of the MoE large - scale model into the model structure design and conducts in - depth optimization around enterprise applications and intelligent agent tool calls. It performs outstandingly in enterprise - level tasks such as multi - modal document understanding, retrieval - augmented generation (RAG), tabular data analysis, content summarization, and tool calls.
The Junjie S800 and Wenjie M9 are the first to be equipped with the new - generation lidar
36Kr learned that on March 4th, Hongmeng Zhixing held a technology innovation press conference and officially released the new - generation dual - optical - path image - level lidar. The era flagship Junjie S800 and the panoramic intelligent flagship SUV Wenjie M9 are the first to be equipped with the world's highest - specification mass - produced 896 - line lidar.
Today's Views:
Chen Changsheng, a member of the drafting team of the Government Work Report and the deputy director of the State Council Research Office, said at a press briefing held by the State Council Information Office on March 5th that in the next step, we should accelerate the opening of airspace resources and optimize and simplify the approval process for low - altitude economic flights to unlock scenarios. Many scenarios such as low - altitude logistics and urban governance can be realized. There are still many such new scenarios, including service robots. These can also open up new space for private investment. (China.org.cn)
Elon Musk says the goal of Starship is to send 1 million tons of payload into orbit annually
Elon Musk, the CEO of SpaceX, has set an ambitious goal of using the company's Starship rocket to send 1 million tons of payload into Earth's orbit annually in the future. On Wednesday local time, a user posted on the social platform X, comparing the number of launch attempts between SpaceX and other US companies. The user wrote: "I can't wait to see what this chart will look like when Starship is in operation in five years." (Sina Finance)
Honda plans to import cars from the US and China to boost domestic sales in Japan
Due to the increasing losses in its automotive business, Japanese automaker Honda Motor Co., Ltd. hopes to strengthen its domestic product lineup and will import cars from the United States and China for sale in its domestic market. After recording an operating loss of 166.4 billion yen ($1.1 billion) in its automotive business in the first nine months of the fiscal year, Honda is re - evaluating its strategy to improve its competitiveness. (Cailian Press)
36Kr learned that on the afternoon of March 5th, Fan Luyuan, the chairman and CEO of Orca Entertainment Group, sent an internal email to the company's core management, announcing an organizational upgrade as the new fiscal year is about to begin, actively embracing AI, and accelerating the integration of the "online + offline" full - scenario entertainment ecosystem. Du Yanlong was appointed as the CTO of Orca Entertainment Group. Wu Qian (Guangying) was appointed as the president of Youku. He Mi (Yifeng) and Shen Yan (Zuiweng) will rotate positions, serving as the vice - president of Orca Entertainment Group and the president of Damai Performances respectively. Du Yanlong, Wu Qian, and He Mi will report directly to Fan Luyuan. Shen Yan will report to Li Jie, the president of Damai Entertainment, and Li Jie will report to Fan Luyuan. Fan Luyuan said: "AI is leading a profound transformation in the entertainment industry. The best way to face the transformation is to embrace it. Only those who understand and create change now can have faith in the future."
Other Noteworthy News:
South Korean President Lee Jae - myung ordered the government on Thursday to quickly implement a 1,000 - trillion - won (about $68.3 billion) financial package to stabilize the capital market as the conflict in the Middle East continues to expand. "First, we must actively respond to the increasing volatility in financial markets such as stocks and exchange rates," he said at a meeting at the Blue House. "Rapidly implement the 1,000 - trillion - won market - stabilization plan aimed at preventing panic in the capital market," he said. (Sina Finance)
Google reaches a settlement with Epic Games and reduces the app - store commission to 20%
On March 4th local time, Google announced that it will reduce the in - app purchase commission in its app store to 20%, with an additional 5% if developers choose to use Google's payment system. At the same time, Google said that through a new option called the "Registered App Store program," users can more conveniently install third - party app stores. In addition, Google said in a company blog statement: "With these updates, we have reached a global settlement with Epic Games." Epic Games will also re - list "Fortnite" on the Google Play Store globally. (Sina Finance)
Merck responds to the layoffs at its US vaccine factory
In response to the layoff event at its Durham, North Carolina base in the United States, on March 5th, it was learned from Merck & Co., Inc. that due to the decline in global demand for HPV vaccines, the company has decided to optimize its production capacity. The HPV vaccine production line at its Durham base will be shut down, affecting about 150 employees. Merck said that it has always continuously evaluated its operating conditions and business changes and made corresponding adjustments when necessary to ensure that its manufacturing network can stably and compliantly supply drugs and vaccines. In addition, Merck's HPV vaccines still maintain a stable supply in the Chinese market. (Jiemian)