At 8:00, Kr 36: Multiple fuel vehicles have significantly reduced their prices, with the maximum reduction approaching 30%; Mixue Ice Cream & Tea has launched a drink similar to the one favored by Jensen Huang; The "Buffett Charity Lunch" has returned and was sold for $9 million.
Today's Hotspot Guide
- Zhang Xue Wins Another Championship on Her Motorcycle
- Changan Automobile Denies Cooperation with Qianli Technology
- Shenzhen Releases the Housing Development Plan for 2026
- Kweichow Moutai Announces Price Hikes for Four Products, including the One - Kilogram Moutai
- Faraday Future Announces Receiving $25 Million in Financing
- The Chairman of Samsung Electronics Publicly Apologizes for the Company's "Internal Issues"
Top 3 Big News
Multiple fuel - powered vehicles have significantly reduced prices, with a maximum reduction of nearly 30%
Recently, the classic version of Changan Eado under Changan Automobile was officially launched. The new car is priced at 64,900 yuan, and there is a limited - time cash discount of 23,000 yuan for car purchases. Compared with the guide price of 87,900 yuan, the price reduction reaches 26%. This model also offers limited - time maintenance and data package benefits.
Actually, many fuel - powered vehicle brands have recently started price - cutting campaigns: The Kia Sportage X is available at a fixed price of 109,900 yuan, a 29% reduction compared to the guide price of 154,900 yuan; Jaguar Land Rover launched a limited - time "New Discovery" price on May 12th; Chery carried out promotions in mid - April, with a maximum comprehensive subsidy of 40,000 yuan; The lowest price of the 2026 Volkswagen Sagitar is 119,900 yuan, a price reduction of 30,000 yuan (20% reduction); The lowest guide price of the Honda Civic is 97,900 yuan, a price reduction of 32,000 yuan (24.6% reduction); The lowest price of the Roewe i6 is 74,900 yuan, a price reduction of 14,900 yuan (16.6% reduction); The FAW - Volkswagen Audi A6 had a price reduction of 91,000 yuan in March (29% reduction).
Data recently disclosed by Cui Dongshu, the secretary - general of the Passenger Car Association, shows that in April 2026, the average price of new conventional fuel - powered vehicles with price cuts was 131,000 yuan, and the average price - cutting amount reached 23,000 yuan, with a price - cutting rate of 17.2%. From January to April this year, the average price of new conventional fuel - powered vehicles with price cuts was 236,000 yuan, and the average price - cutting amount reached 34,000 yuan, with a price - cutting rate of 14.6%. (Guangming Daily)
Mixue Launches Huang Renxun's Signature Drink
On May 15th, Huang Renxun, the CEO of NVIDIA, ordered a cup of "Peach Spring Tea" at a Mixue store on Nanluoguxiang in Beijing, which attracted wide attention. On the morning of May 16th, some media reporters noticed that Mixue's official ordering applet had quickly launched a special category of "The Big Shot's Signature", directly pinning this product at the top.
Clerks at multiple stores in the Zhongyuan District of Zhengzhou told reporters that the price of this drink remained the same, starting at 7 yuan, and the sales of "The Big Shot's Signature" were quite good. A relevant staff member of Mixue responded that after the applet launched "The Big Shot's Signature", the daily sales of Peach Spring Tea increased by nearly 140% compared with the previous day and more than 90% compared with the previous Friday. At the Nanluoguxiang store visited by Huang Renxun, the sales of Peach Spring Tea increased by more than 90% compared with the previous day.
There are also reports that Zhang Yuan, the CEO of Mixue, posted a photo of Huang Renxun drinking "Peach Spring Tea" on his WeChat Moments, with the caption: "The most top - notch graphics cards often require the purest cooling methods." At the same time, Mixue's official Weibo also posted: "The high - temperature mode has been activated! Liquid cooling and Peach Spring Tea go better together." (Jiemian News, Sina Finance)
"Buffett's Charity Lunch" Returns, Fetching $9 Million
According to the eBay website, in a charity fundraising auction, a bidder agreed to pay $9,000,100 in exchange for an opportunity to have dinner with billionaire investor Warren Buffett and basketball superstar Stephen Curry. The identity of the winning bidder cannot be immediately determined at present. On June 24, Buffett, Curry and his wife will have dinner with the winning bidder and up to seven selected accompanying guests at the headquarters of Berkshire Hathaway in Omaha, Nebraska. (Flush Finance)
Large Companies/ Major Events
Xiaomi's Lu Weibing: The price of some domestic flagship straight - screen mobile phones may exceed 10,000 yuan in the second half of the year
On May 16th, Lu Weibing, the president of Xiaomi Group, said in a live - stream that in the second half of this year, especially at the end of the year, the price of some domestic flagship straight - screen mobile phones may exceed 10,000 RMB. Regarding whether the price of the Xiaomi 17 Max will be affected by the memory price, Lu Weibing said that the pricing of any mobile phone today will be affected by the significant increase in memory costs, and the price of the Xiaomi 17 Max is still under discussion. He predicted that the upward trend of memory prices will last at least until the end of 2027, and even until 2028. (Jiemian News)
Zhangxue Motorcycle, Wins Another Championship
On May 16th local time, in the first round of the WorldSSP category of the just - concluded 2026 World Superbike Championship (WSBK) Czech Republic round, French rider Valentine Debise, No. 53 under the Chinese motorcycle manufacturer "Zhangxue Motorcycle", won the championship. (CCTV News)
Julis Ropes & Rigging has appeared on the top gainers/losers list 25 times this year, ranking 9th among A-share listed companies On the evening of May 15th, Julis Ropes & Rigging, a commercial space concept stock whose share price has doubled since the beginning of this year, announced that the company received a case-filing notice issued by the China Securities Regulatory Commission (CSRC) on that day. Due to suspected illegal and regulatory violations involving misleading statements in information disclosure, in accordance with relevant regulations, the CSRC decided to open an investigation into the company on May 13th. It is worth noting that since the beginning of this year, Julis Ropes & Rigging has appeared on the top gainers/losers list 25 times, ranking 9th among all A-share listed companies. Its cumulative buying volume reached 14.386 billion yuan, cumulative selling volume reached 13.452 billion yuan, and the cumulative net buying volume stood at 935 million yuan. Institutional investors and hot money frequently appear on the top gainers/losers list, while retail investors engage in trend-driven speculation. The 2026 first-quarter report disclosed by Julis Ropes & Rigging shows that one private equity fund, one banking institution, and two highly connected "super retail investors" have taken large positions and entered the top ten tradable shareholders. Meanwhile, the controlling shareholder, Julis Group, has significantly reduced its holdings by 48 million shares through equity agreement transfer. (China Securities Journal)
Changan Automobile Denies Cooperation with Qianli Technology
Recently, there were reports that Changan Automobile would adopt Qianli Technology's intelligent assisted driving solution and invest in the company. Changan Automobile stated on May 17 that "there is no such plan for now." In addition, a person close to Changan Automobile told reporters that Changan Automobile's self - developed Tianshu Intelligence has reached the harvest stage, and it is impossible to switch the intelligent driving solution. It is reported that in December last year, the Ministry of Industry and Information Technology announced the access permits for the first batch of L3 - level conditionally autonomous vehicles in China. Changan Automobile was on the list, equipped with its self - developed "Tianshu Intelligence" assisted driving system. (Yicai Global)
NIO: 8,870 Charging and Battery-Swapping Stations Built Nationwide
36Kr learned that NIO announced that on May 17th, NIO Power 2 stations were launched. As of May 17th, NIO has built 8,870 charging and battery - swapping stations nationwide, including 3,849 battery - swapping stations, 5,021 charging stations, and 28,855 charging piles, providing over 100 million battery - swapping services in total.
Shenzhen Releases 2026 Housing Development Plan, to Build and Prepare 30,000 and Supply 40,000 Affordable Housing Units
36Kr learned that the Shenzhen Municipal Bureau of Housing and Construction recently released the "Annual Plan for Housing Development in Shenzhen in 2026". It aims to optimize the supply of affordable housing, build and raise 30,000 units (rooms) of affordable housing and supply 40,000 units (rooms) to meet the basic housing needs of wage - earners and various families with housing difficulties. It also promotes the construction of the "good housing" pilot project, advances the renovation of urban villages and the improvement of old urban communities, and promotes the creation of pilot future communities (complete communities) to effectively enhance the sense of gain, happiness, and security of citizens.
Price Increase of up to 200 Yuan: Kweichow Moutai Announces Price Hike for Four Products
Early on May 16th, i Moutai announced that starting from midnight of the same day, Kweichow Moutai Co., Ltd. adjusted the retail prices of some Kweichow Moutai products in its self - operated system. This adjustment involves a total of four non - standard products, with a maximum increase of 8%. The adjusted products include: 53% vol 500ml Aged Kweichow Moutai (15 - year - old), the price of which has been adjusted from 4,199 Yuan per bottle to 4,279 Yuan per bottle; 53% vol 500ml Kweichow Moutai (Premium), the price of which has been adjusted from 2,299 Yuan per bottle to 2,359 Yuan per bottle; 53% vol 500ml Kweichow Moutai (Year of the Horse - Bingwu) Premium Edition, the price of which has been adjusted from 2,499 Yuan per bottle to 2,699 Yuan per bottle; and Flying 53% vol 1L Kweichow Moutai, the price of which has been adjusted from 2,989 Yuan per bottle to 3,119 Yuan per bottle. (The Paper)
Fuel surcharge for domestic flights to be raised starting from May 16
Starting from May 16, the fuel surcharge for passenger tickets on domestic flights in the Chinese mainland will be raised. The specific standards are as follows: Passengers on flights of less than 800 kilometers will be charged 90 yuan each; passengers on flights of 800 kilometers or more will be charged 170 yuan each. Infant passengers are exempt from the fuel surcharge, and the fuel surcharge for tickets of children, disabled revolutionary servicemen, and disabled people's police on duty will be halved. (CCTV News client)
The box office exceeded 1.5 billion in May 2026
36Kr learned that according to the professional version of Dengta, as of May 17th, the box office (including pre - sales) in May 2026 exceeded 1.5 billion. "Love Letter to Grandma" led the May movie box - office list.
Shanghai Telecom Takes the Lead in Launching Token Tariff Packages: 1 Yuan for 250,000 Quota Points, Supports Mobile Bill Payment
Facing the growing demand for Tokens in the AI era, Shanghai Telecom announced that starting from today, it will officially launch Token computing power services for Shanghai Telecom users, becoming the first operator in Shanghai to launch Token tariff packages. Specifically, first, it offers pay - as - you - go ordering. 1 Yuan corresponds to 250,000 quota points (taking the KiMi - K2.5 model as an example, it can support approximately 250,000 input Tokens). Second, users can choose according to their needs, buying only what they use, and enjoy discounts for bulk purchases. It supports payment via phone bill. According to reporters' information from Shanghai Telecom, after users purchase quota points, they can call more than 30 mainstream large - scale models (text and multimodal) through standard API interfaces, and integrate AI capabilities into their own software, scripts, or automated processes. Taking the purchase of 2.5 million quota points for 10 Yuan as an example, it can allow a program to automatically summarize about 100 e - books with 100,000 words each. (Shangguan News)
Over 310 enterprises have settled in Hong Kong or expanded their businesses in the city
Lau Hoi-suen, Director-General of Investment Promotion of the Hong Kong Special Administrative Region (HKSAR) government, said that as of early May, more than 310 enterprises had settled in Hong Kong or expanded their businesses in the city, with direct investment exceeding HK$26 billion in the first year. Among them, Mainland-funded enterprises accounted for more than 50%. She believes that this achievement is attributed to the promotion of the "Task Force for Mainland Enterprises Going Global" established by the HKSAR government. (Voice of the Greater Bay Area)
Faraday Future Announces $25 Million in Financing
36Kr learned that on May 16th, Faraday Future announced that the company has signed a $25 million stock purchase agreement with institutional investors. According to the agreement, the investors have subscribed for convertible promissory notes with a total principal of $25 million in the company. The common shares corresponding to this financing have not been registered yet, and there are trading restrictions, so they cannot be immediately circulated. Among them, $12.5 million will be directly transferred to the company's operating account; the remaining $12.5 million will be deposited into a regulatory account controlled by the investors in accordance with the controlled account agreement signed by the company and each investor, and will be released to the company for use after specific conditions are met.
Starbucks Announces Closure of Multiple Regional Offices in the US
On May 15th local time, Starbucks announced that it will lay off 300 employees in the United States to cut costs and strive to get back on the growth track. Starbucks also said that it will close multiple regional offices, and the relevant measures will incur a restructuring cost of $400 million, including severance pay and asset impairment. (CCTV Finance)
Iran Announces Resumption of Stock Market Trading Starting May 19
On May 16 local time, the Iranian Securities and Exchange Organization stated that the Iranian stock market will resume trading starting on May 19. The person in charge of the exchange at the Iranian Securities and Exchange Organization said that after completing the necessary coordination work and obtaining the required permissions, it was decided to reopen the stock market, various stock investment funds, and their derivatives trading starting on the 19th. (CCTV News)
The Gates Foundation No Longer Holds Microsoft Stocks
On May 16 local time, according to a filing with the U.S. Securities and Exchange Commission, the charitable foundation of Microsoft co-founder Bill Gates no longer holds Microsoft stocks. The Gates Foundation Trust revealed that it sold the remaining 7.7 million shares of Microsoft stock in the first quarter of this year, worth $3.2 billion at the current stock price. (Jiemian News)
Musk Says He Won't Sell Any SpaceX Stocks
Musk says he won't sell any SpaceX stocks. (Wall Street News)
SpaceX is reported to set the price for its initial public offering as early as June 11
On May 16, it was reported that SpaceX will set the price for its initial public offering as early as June 11, and its shares will be listed on June 12. SpaceX will choose NASDAQ as the listing venue for its initial public offering, and the shares will be traded under the ticker symbol "SPCX". (Jiemian News)
SpaceX Plans to Introduce Trillion - Dollar Mars Compensation Plan, Musk Responds: Aims to Ensure Company Focus on Multi - Planetary Living Vision
On May 16th, it was reported that SpaceX, which is pushing for listing, disclosed an aggressive governance and compensation plan in its confidential prospectus. The company plans to issue Class B shares with 10 - times voting rights to ensure that Elon Musk has absolute and non - dismissible control. Meanwhile, the board of directors has approved a super compensation plan with a total amount of up to one trillion dollars, and its assessment criteria are directly linked to the goal of establishing a colony of one million people on Mars. Currently, SpaceX plans to list on the NASDAQ in June this year. In response to this governance plan, Musk immediately made a public response. He said, "I need to ensure that SpaceX always focuses on the vision of making life multi - planetary and extending human consciousness to the vast universe, rather than catering to some people's extremely boring quarterly financial report bonuses!" Musk said that achieving this goal is extremely difficult and the process will not be smooth at all, but he firmly believes that "if SpaceX successfully achieves this absurd and arduous goal, its value will be several orders of magnitude higher than the current total global economy." (Jiemian News)
Chairman of Samsung Electronics publicly apologizes for the company's "internal issues"
On May 16th, Lee Jae-yong, the chairman of Samsung Electronics, publicly apologized for the company's "internal issues". Currently, the labor dispute between Samsung Electronics and the company's labor union continues. More than 40,000 employees have registered for the 18 - day strike plan that the union plans to launch on May 21st. Lee Jae-yong called on the union and the company to unite and move in the same direction. The labor and management of Samsung Electronics started negotiations last December, but due to the failure to narrow the differences, the negotiations broke down in March this year. After that, under mediation, the labor and management held a marathon - style negotiation from the 11th to the 13th of this month, but finally failed to reach an agreement. According to Yonhap News Agency, if the strike takes place, it may cause a loss of 40 trillion won, approximately 182.4 billion yuan, and affect the semiconductor industry. The government may consider exercising the emergency adjustment power. (CCTV World News)
OpenAI Reaches Agreement with Malta, All Maltese Citizens Can Use ChatGPT Plus
OpenAI, a U.S. artificial intelligence (AI) company, said on May 16 that it has signed an agreement with the Maltese government. All residents can use its ChatGPT Plus service for free for one year after completing an AI training course. The project will be launched in May, and as more Maltese residents complete this free course, the scale of the service is expected to gradually expand. The program will also be open to Maltese citizens living abroad. (Sina Finance)
BlackRock Considers Investing Billions in SpaceX's IPO
According to people familiar with the matter, BlackRock has discussed investing between $5 billion and $10 billion in SpaceX's initial public offering (IPO) next month. This substantial investment, corresponding to an IPO fundraising scale of up to $75 billion, would represent a significant vote of confidence from the world's largest asset management firm in Elon Musk's company. (Sina Finance)
Beef consumption in Argentina drops to the lowest level in 20 years
Argentina is a major producer and consumer of beef. However, the latest data shows that the annual per capita beef consumption in Argentina has decreased by 5 kilograms, dropping to the lowest level in 20 years. Analysts believe that this is due to the rising beef prices, the decline in residents' purchasing power, and the growth in exports. (Xinhua News Agency)
High yields on European government bonds and rising inflation may prompt central banks to raise interest rates
Recently, the volatility in the European government bond market has significantly intensified. As international oil prices continue to remain at a high level, market expectations for a rebound in European inflation and an increase in interest rates are rising. The yields on long - term government bonds in major economies such as Germany and the UK have been rising continuously. Some market institutions currently expect that the European Central Bank may maintain high interest rates for a longer period, and there is even a possibility of further interest rate hikes. (Xinhua Finance)
South Korea's leading enterprises' operating profit in the first quarter exceeded $100 billion, with over 60% coming from Samsung and SK Hynix
Industry data on May 17 showed that the operating profit of South Korea's leading enterprises in the first quarter of this year exceeded 156 trillion won (equivalent to $104 billion), of which over 60% of the profit was created by the two major chip giants in South Korea. According to the statistics of the corporate data agency CEO Score, among the top 500 enterprises in South Korea in terms of revenue, the total operating profit of 328 enterprises in the first quarter of this year reached 156.35 trillion won, a year-on-year increase of 158.6%. (Sina Finance)
Going public
Data center operator DayOne is considering dual listing in Singapore and the United States
It is reported that an informed source said that global data center operator DayOne is considering a dual initial public offering (IPO) in Singapore and the United States, but there is currently no specific plan for the Singapore IPO. Earlier media reports stated that DayOne initially considered listing only in New York but has been persuaded by officials of the Singapore stock market to conduct a dual listing. Since the information has not been made public, the source requested anonymity. Media reported in February this year that DayOne plans to raise $5 billion through a listing in the United States, and the company's valuation could reach $20 billion. (Sina Finance)
Honghe Technology: Submitted an Application for the Issuance and Listing of Overseas - Listed Shares (H - Shares) to the Hong Kong Stock Exchange
36Kr learned that Honghe Technology announced that the company submitted an application for the issuance of overseas - listed shares (H - shares) and listing on the Main Board of the Hong Kong Stock Exchange on May 15. On the same day, it published the application materials for this issuance and listing on the website of the Hong Kong Stock Exchange.
The Cutting - Edge of AI
NetEase News and NetEase Bee announce that they have integrated with DeepSeek-V4
36Kr learned that recently, NetEase News and NetEase Bee under NetEase Media have officially announced the integration with the large model DeepSeek-V4. They will comprehensively upgrade core scenarios such as news and information distribution, intelligent content creation, community interaction services, AI tool assistance, and personalized recommendation. It is understood that NetEase Bee will soon launch the "Campus Lobster Cultivation Program", innovatively integrating cutting - edge artificial intelligence technology into the daily social scenarios of young users.
Alibaba Health Officially Launches Medical AI Assistant "Hydrogen Ion"
36Kr learned that recently, Alibaba Health officially launched the medical AI assistant "Hydrogen Ion" and announced an exclusive cooperation with the UK's BMJ Group. It is understood that the content resources of 70 medical journals under BMJ in the past decade have been connected to Hydrogen Ion. This is the first time that an international top - tier journal has reached such a cooperation with a Chinese AI platform. Hydrogen Ion focuses on evidence - based medicine and adopts a four - layer architecture: PICO + GRADE structured understanding, retrieval enhancement, model fine - tuning, and expert review closed - loop. More than 300 Chinese clinical experts participated in jointly building the evaluation criteria, and 10 top experts such as Huang Xiaojun, Xiao Ruiping, and Yu Jinming oversee the academic direction.
Financial Reports of Large Companies
Changxin Technology: Expected Revenue of 110 to 120 Billion Yuan in the First Half of the Year
36Kr learned that the prospectus (draft for filing) for the IPO of Changxin Technology Group Co., Ltd. on the Science and Technology Innovation Board shows that the company expects the following main financial data for January - June 2026: Operating revenue is expected to be between 110 billion and 120 billion yuan, a year - on - year increase of 612.53% to 677.31%; Net profit is expected to be between 66 billion and 75 billion yuan, net profit attributable to the owners of the parent company is expected to be between 50 billion and 57 billion yuan, and net profit attributable to the owners of the parent company after deducting non - recurring gains and losses is expected to be between 52 billion and 58 billion yuan.
Cool Products
The first flagship MPV of Huawei Hongmeng Smart Mobility, the Zhijie V9, is launched
36Kr learned that on May 15th, the first flagship MPV of Huawei Hongmeng Smart Mobility, the Zhijie V9, was officially launched, with a price range of 389,800 - 519,800 yuan. It is understood that as the first flagship MPV of Hongmeng Smart Mobility, the Zhijie V9 is equipped with the Hongmeng ALPS Health Cockpit 3.0, the exclusive flagship Huawei Tuling platform for MPVs, and the first in - vehicle oxygen generation system for MPVs. In terms of assisted driving, all models of the new car are standard - equipped with 38 sensors. It is the first MPV in the industry to be equipped with the world's highest - specification 896 - line lidar in mass production, and it will be among the first to be upgraded to Huawei Qiankun Intelligent Driving® ADS 5.
The LeDao L80 is launched, with a starting price of 242,800 yuan
36Kr learned that on the evening of May 15th, LeDao, a brand under NIO, officially launched its L80 model. The starting price for purchasing the whole vehicle is 242,800 yuan, and the starting price for purchasing with the BaaS battery rental option is 156,800 yuan. The LeDao L80 is available in three versions: Pro, Max+, and Ultra+. Customers can choose between two intelligent driving solutions: the Orin-X pure vision version and the version with Shenji chip + lidar. Nationwide deliveries of the LeDao L80 will begin on May 16th.
Compiled | Wawacai