8:00, 1st Kr. | "AI tools will be disabled during the college entrance examination"? Doubao and others respond; Atour stores respond to the hotel's free provision of hidden camera detectors; Samsung's labor union agrees to a new compensation plan, with an average bonus of 2.7 million yuan per person
Today's Hotspot Guide
- Alibaba employees' 13th - month salary will be incorporated into the year - end bonus
- It is reported that Xiaohongshu has obtained the World Cup broadcast rights and has become the only rights - holding party besides CCTV and Migu
- The monthly active users of WeChat mini - games exceed 500 million
- Focusing on live - streaming e - commerce, food delivery, etc., the State Administration for Market Regulation has deployed a campaign to rectify "involution - style" competition
- The news of SpaceX's listing has ignited space - related stocks, and discussions about the merger of Tesla and SpaceX are heating up
- Changxin Technology's IPO on the STAR Market has been approved by the listing committee meeting
Top 3 Big News
"AI Tools to Be Disabled During the College Entrance Examination"? Doubao, Yuanbao and Others Respond
Recently, the topic of "AI tools to be disabled during the college entrance examination" has attracted attention. Many netizens have discussed whether AI tools will suspend functions such as question scanning and recognition, question answering, and test paper analysis during the college entrance examination. On May 27th, Jiemian News asked Doubao, and it clearly replied, "During the exam, I won't assist in answering college entrance examination questions, writing in - exam compositions, or analyzing exam answers. However, you can use me normally for pre - exam preparation and post - exam review." Yuanbao said, "If you want to use me for auxiliary learning or getting answers during the college entrance examination, I can help you organize knowledge points and explain the thinking of questions. However, it is recommended to refer to the official notice for specific exam rules and platform functions."
Previously, on May 26th, according to Hongxing News, reporters contacted several AI platforms. A staff member of Tencent said that Yuanbao clearly didn't answer questions during last year's college entrance examination. A relevant business person in charge at Baidu said that they had not received a notice about restricting some functions of Baidu Wenxin during the college entrance examination. A staff member of iFlytek also said that there was no definite news yet, but as long as it was a large - scale model, there should be restrictions. (Jiemian News, Hongxing News)
Atour Hotels Offer Free Hidden Camera Detectors, Store Response: True
Recently, some netizens posted on social platforms that when staying at Atour Hotels, they found that the hotels offer a free borrowing service for hidden camera detectors. Guests can conduct a comprehensive inspection of the guest rooms by themselves to check for the risk of secret filming. This detail quickly sparked a heated discussion. Subsequently, a reporter from Jiemian News consulted two Atour Hotels in Beijing as a consumer. The customer service said that most Atour Hotels are currently equipped with such detectors; guests can go to the counter to claim the detector for free after check - in, and it can only be used in the hotel and cannot be taken away. At the same time, the relevant hotel stores also confirmed this to Jiemian News, stating that the hotel rooms are routinely inspected and risk - checked multiple times according to standard procedures. Meanwhile, to make customers feel more at ease, the stores offer the borrowing service of camera detectors. After check - in, customers can also borrow the detector through the "Room Delivery" entry on the Atour mini - program/APP. (Jiemian News)
Samsung Reaches AI Profit - Sharing Agreement, Employees to Receive Average Bonuses of $400,000
Employees of Samsung Electronics voted to approve a landmark profit - sharing agreement. Benefiting from the booming memory chip business, employees in this department are expected to receive an average bonus of nearly $400,000. The agreement was passed on May 27, with 74% of union members voting in favor. Thus, the months - long labor dispute at the world's largest memory chip manufacturer over how to distribute the huge profits brought by the AI boom has finally come to an end. Previously, the union had threatened to go on strike if the two sides failed to reach an agreement. (Sina Finance)
Large Companies/ Major Events
Alibaba Employees' 13th - Month Salary to Be Merged into Year - End Bonus
According to the full - staff letter released by Alibaba, starting from the fiscal year 2027, employees' 13th - month salary will be merged into the year - end bonus, which will be renamed the "Together Forward Award". The payment time will be changed to be paid together with the year - end bonus. That is, the year - end bonus will consist of two parts, the "Together Forward Year - End Award" and the "Performance Year - End Award", which will be listed separately. This means that after the merger of Alibaba's 13th - month salary and the year - end bonus, the payment time of the 13th - month salary will be postponed from the month of the Spring Festival each year to April - May. It is understood that the above adjustments apply to full - time Alibaba employees working in the Chinese mainland. For employees in Hong Kong, Macao, Taiwan and overseas regions, local laws, regulations or the company's local policies shall prevail. The full - staff letter also mentioned that considering that the original 13th - month salary was calculated on a calendar - year basis and the year - end bonus was calculated on a fiscal - year basis, the first Together Forward Year - End Award will be paid in the month when the 2027 year - end bonus is paid. If an employee is on the job from January 1, 2026, to March 31, 2027, they will receive a 1.25 - month Together Forward Year - End Award. (Beijing Business Today)
Meituan staff responds to "50% layoff in product positions": It's false news
Recently, there were reports on social platforms that Meituan would lay off 50% of its employees in product positions. On May 27th, Jiupai News contacted Meituan staff, who responded that this was false news. In the social platform posts, some claimed that the layoff ratio was 50% and the expected personnel optimization time was June 30th; others said the layoff ratio was 25%, with differences between departments but not reaching 50%, and it would not be carried out all at once but in stages, to be completed before the end of the year. This round of layoffs only targets the product, operation, and R & D teams, and sales positions are not affected. Netizens in the comment section said that although they are not employees of the company, they are still worried about facing the risk of layoffs; some netizens believe that layoffs are an inevitable trend, and it is expected that major companies will carry out high - proportion layoffs one after another. (Jiupai News)
It's reported that Xiaohongshu has obtained the World Cup broadcast rights and become the only rights-holder besides CCTV and Migu
According to a report by "LatePost" on May 27th, Xiaohongshu has been confirmed as the rights-holding broadcaster for this year's FIFA World Cup in the United States, Canada, and Mexico. It is also the only party holding the rights for live broadcast, rebroadcast, and short - video copyrights besides China Media Group and Migu. It is understood that the price Xiaohongshu paid for the relevant rights is not higher than that of previous sessions. For reference, during the 2022 FIFA World Cup in Qatar, some media quoted industry insiders as saying that Migu and Douyin paid more than 1 billion yuan to obtain the World Cup broadcast rights from CCTV. A Xiaohongshu insider revealed that the World Cup will be one of Xiaohongshu's most important community projects this year, and two core goals have been set internally: user growth and enriching the in - station user structure. The insider said that this World Cup live broadcast will be an important starting point for Xiaohongshu to reach 200 million daily active users, and it can also drive an increase in the proportion of male users on the platform. (LatePost)
JD.com Denies Bidding for UK E-commerce Platform The Very Group
Recently, there were reports that JD.com was evaluating a bid to acquire the UK's long - established online retail platform The Very Group at a price of about £2 billion. A person close to JD.com told reporters that the company has no plan to bid for The Very Group. (Caixin)
State Administration for Market Regulation: Luxshare Precision's acquisition of part of Wencan Technology's business constitutes an illegal concentration of undertakings, and it is decided to impose a fine of RMB 900,000 on it
36Kr learned that the State Administration for Market Regulation has issued an administrative penalty decision on the case of Luxshare Precision Industry Co., Ltd.'s acquisition of part of the business of Wencan Technology Co., Ltd. in violation of the law by implementing a concentration of undertakings. In accordance with the Anti-monopoly Law of the People's Republic of China and the Provisions on the Review of Concentration of Undertakings, this authority filed a case for investigation on September 5, 2025, regarding the suspected illegal implementation of a concentration of undertakings by Luxshare Precision Industry Co., Ltd. in its acquisition of part of the business of Wencan Technology Co., Ltd. After investigation, before this transaction, Wencan Technology indirectly held 100% of the equity of the target business and independently controlled the target business; after this transaction, Luxshare Precision indirectly held 100% of the equity of the target business and independently controlled the target business, which falls under the concentration of undertakings stipulated in Article 25 of the Anti-monopoly Law. This authority believes that Luxshare Precision has the legal obligation to declare the concentration of undertakings in accordance with the law. Failing to declare the implementation of the concentration of undertakings in advance in accordance with the law violates Article 26 of the Anti-monopoly Law and constitutes an illegal implementation of a concentration of undertakings. Luxshare Precision reported the illegal implementation of the concentration of undertakings on its own initiative before this authority became aware of such behavior, which is a circumstance for a lighter penalty. At the same time, Luxshare Precision actively rectified after discovering the illegal facts, improved the anti-monopoly compliance management system and effectively implemented it. Therefore, it is decided to impose an administrative penalty of a fine of RMB 900,000 on Luxshare Precision.
Tencent's self-developed video codec chip "Canghai" won first place in all indicators of the MSU Hardware Video Coding Competition, and the V2 version will be mass-produced in the second half of the year
36Kr learned that on May 26, the results of the MSU Hardware Video Coding Competition held by Moscow State University were announced. Tencent's self-developed codec chip series "Canghai" won first place in all evaluation indicators such as SSIM, PSNR, and VMAF in all speed gears from 30 to 240fps in the competition. It is understood that the Canghai chip started development in 2019 and was mass-produced and widely applied in 2023. Currently, over 100,000 pieces of the Canghai V1 have been deployed on a large scale in Tencent Cloud and Tencent's own scenarios. Tencent revealed that the new-generation Canghai V2 chip has been successfully "lit up" and has now entered the mass production cycle. It is planned to fully provide online services in the second half of 2026.
Duan Yongping Increases Stake in Pop Mart, Becomes the Second-Largest Shareholder After Wang Ning
36Kr learned that on May 27, information from the Hong Kong Stock Exchange showed that Duan Yongping and his wholly-owned H&H International Investment triggered a mandatory takeover offer and bought a total of 9.8232 million shares of Pop Mart, holding 5.69% of the shares, thus becoming the second-largest shareholder after Wang Ning. On April 9 this year, Duan Yongping laid out his investment in Pop Mart by selling put options and claimed that "Pop Mart Insurance Company is officially open for business." This time, the increase in shares is Duan Yongping's direct purchase of Pop Mart's equity.
Did ByteDance open the subscription of "Doubao shares" to Seed employees this month? Person familiar with the matter: There is no such thing as "subscription", and employees can choose year - end options
Market news suggests that ByteDance opened the subscription of low - priced stock options, known as "Doubao shares", which are linked to the Seed department, to its employees this month at a price of $13 per share. It is also reported that this is the first time ByteDance has issued equity for a specific business unit, and the incentive mechanism will not dilute the earnings due to the performance of other business lines of ByteDance. On May 27, a person familiar with the matter revealed that there is no such thing as "subscription" for Doubao shares. Relevant employees can choose to receive their year - end bonuses in the form of Doubao shares. Seed is the core R & D team for large models established by ByteDance in 2023. Currently, it leads the R & D of the Doubao large model, and its research directions cover multi - modal large models, embodied intelligence, etc. (Daily Economic News)
Monthly Active Users of WeChat Mini-Games Exceed 500 Million
36Kr learned that WeChat has disclosed the latest platform data of mini-games. Currently, the monthly active users of WeChat mini-games have exceeded 500 million, with an average user duration of more than 60 minutes. Users actively engage in social interactions over 100 million times, and more than 50% of active users will actively access mini-games. In addition, the scale of the WeChat mini-game developer community exceeds 500,000, of which more than 80% are small and medium-sized teams with fewer than 30 people. In the past year, there were more than 80 mini-games with a daily active user (DAU) of over one million, and more than 300 mini-games with a quarterly turnover of over ten million.
Deeptech Responds to Doubts about Stock Price "Running Ahead": There Has Always Been an Expansion Plan, and It's Not a Suddenly Released Positive News
On May 27th, Deeptech's stock price approached the daily limit at the opening and then fell back. Previously, it announced that its subsidiary plans to invest 1.47 billion yuan to expand the packaging and testing capacity of high - end storage chips. The abnormal movement of the stock price in the late trading session the day before the announcement triggered speculation about "information leakage". The company responded that the expansion plan has been released for three or four months, and the storage sector as a whole rose on the 26th, with the company's increase being moderate. Currently, the storage industry is booming, but the industry is highly cyclical. Deeptech's expansion may face the risk of over - capacity, and the financial pressure will increase. (Daily Economic News)
Organization: Global new energy vehicle sales decreased by 2% year-on-year in Q1
36Kr learned that according to the latest statistics from TrendForce, in the first quarter of 2026, the total sales of new energy vehicles such as battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and hydrogen fuel cell vehicles reached 3.94 million, a year-on-year decrease of 2%, accounting for 19% of global automobile sales in the first quarter. The Chinese new energy vehicle market has entered an adjustment period; meanwhile, there are signs of recovery in the Western European market, and the sales of battery electric vehicles in Japan and South Korea have also increased significantly.
State Administration for Market Regulation Focuses on Live-Streaming Sales, Food Delivery, etc., and Deploys Rectification of "Involution-style" Competition
It was learned on May 27 that the State Administration for Market Regulation has deployed local market regulatory departments to carry out a special operation of using credit empowerment to rectify "involution-style" competition from May to December. In this special operation, credit supervision tools including the list of enterprises with abnormal business operations, the management of the list of serious law-breaking and untrustworthy enterprises, and the publicity of administrative penalty information will be comprehensively used to severely and promptly handle a number of "involution-style" competition cases involving violations of laws and breach of trust. (CCTV News)
The three major U.S. stock indexes closed slightly higher, and Micron Technology rose more than 3% to a new high
36Kr learned that at the close on May 27, the three major U.S. stock indexes rose slightly. The Dow Jones Industrial Average rose 0.36%, the S&P 500 Index rose 0.02%, and the Nasdaq Composite Index rose 0.07%. Large technology stocks showed mixed performance. Micron Technology rose more than 3% to a new high, Meta rose more than 3%, Amazon rose more than 2%, Tesla rose more than 1%, and Apple rose slightly. NVIDIA and Intel fell more than 1%, and Microsoft and Google fell slightly. Most popular Chinese concept stocks fell. NIO rose more than 9%, and Baidu rose more than 2%. Pinduoduo fell more than 10%, iQiyi fell more than 3%, Alibaba and Bilibili fell more than 1%, and JD.com, XPeng Motors, and Li Auto fell slightly.
Iranian official: According to the preliminary agreement draft between the US and Iran, the US will cease fire on all fronts for 60 days
On May 27 local time, Brujerdi, a member of Iran's National Security Council, said that according to the preliminary agreement draft reached between Iran and the United States, the US will promise to implement a comprehensive cease - fire on all fronts for 60 days in the first phase, especially in Lebanon. (CCTV News)
News of SpaceX's listing ignites space-related stocks, and discussions about the merger of Tesla and SpaceX heat up
Last week, American space exploration technology company SpaceX submitted documents to the U.S. Securities and Exchange Commission to plan for a listing, igniting the market's enthusiasm for the entire industry. On May 26, space-related stocks in the U.S. stock market soared. Among them, American commercial space company Momentus rose more than 109%, and space infrastructure company Redwire soared as much as 31% during intraday trading. A basket of U.S. space industry-related stocks compiled by Bank of America has risen a cumulative 61% since the beginning of this year. Some analysts said that SpaceX's IPO is attracting more investors to pay attention to companies that are already in an advantageous position in the space industry. According to a report by U.S. media on the 26th, on the eve of SpaceX's listing, discussions about Musk's goal - merging Tesla and SpaceX - are also heating up. Some legal experts said that the merger of the two companies may not trigger antitrust issues, but it will cause concerns among their respective shareholders. Issues such as which company will become the parent company and how to conduct stock swaps are all challenges that will be faced. (CCTV Finance)
US Department of Justice's Antitrust Division May Be Ready to Approve Paramount's Acquisition of Warner Bros. Discovery
It is reported that the Antitrust Division of the US Department of Justice is inclined to be ready to approve Paramount's $110 billion acquisition of Warner Bros. Discovery. The negotiations are still ongoing, and the division's view may change. (Jiemian News)
PingPong Launches One-Stop Payment Solution for the Aviation and Tourism Industry
36Kr learned that during the "2026 ITB China (Shanghai International Travel Mart)", PingPong, a global payment platform, officially launched a "one-stop global payment solution for the aviation and tourism industry". This solution aims to systematically address the core pain points faced by aviation and tourism enterprises in global expansion, such as complex cross - border payment currencies, large exchange rate fluctuations, long payment chains, and high compliance costs, through the global digital payment infrastructure built by PingPong, and help aviation and tourism enterprises accelerate their global layout. As of now, PingPong has reached in - depth cooperation with more than 30 OTA platforms and aviation and tourism industry service providers.
Report: TSMC to Raise 3-Nanometer Process Prices by 15% in the Second Half of the Year
It is reported that TSMC plans to raise the price of its 3-nanometer process again in the second half of the year, with a maximum increase of 15%. There may be a further increase of 5% to 10% next year. (Jiemian News)
The Forefront of AI
The online retail sales market share of the entire series of Qianwen AI glasses exceeds 30%
36Kr learned that on May 27th, the online retail monitoring data from AVC showed that from March to April 2026, the online market retail sales share of the entire series of Qianwen AI glasses (including Quark AI glasses) reached 30.4%, consistently ranking first in the online market. Among them, the Qianwen AI glasses G1 and S1 were officially launched on March 8, 2026. Just two months after their launch, their online market retail sales share reached 19.4%, also ranking first in the industry.
Meta to Launch AI Chatbot Subscription Service with a Minimum Monthly Fee of $7.99
It is reported that Meta has started selling its Meta AI chatbot subscription service to consumers for the first time, which may help partially offset its huge expenditures in the AI field. The newly launched subscription service is divided into two tiers. A company spokesperson said that the basic tier, named Meta One Plus, costs $7.99 per month and is targeted at users who frequently use Meta AI to generate images and videos or rely on it for complex reasoning. The spokesperson added that the more advanced Meta One Premium costs $19.99 per month, which includes the same features as Meta One Plus but with higher usage limits. (Jiemian News)
On the Market Now
Changxin Technology's IPO on the STAR Market Approved by the Listing Committee
36Kr learned that the Shanghai Stock Exchange announced that Changxin Technology's IPO on the STAR Market was approved by the listing committee meeting.
Avita: Preparing to Resubmit the Prospectus, IPO Process Unaffected
In response to the expiration of the Hong Kong stock prospectus submitted by the company on November 27, 2025, after six months, relevant personnel from Avita Technology revealed on May 27 that this expiration is a common technical process in the IPO process. The company is updating the prospectus as required and will resubmit it as soon as possible. The overall listing progress will not be affected. (Caixin)
Aier Eye Hospital Group Co., Ltd. Submits Listing Application to the Hong Kong Stock Exchange
36Kr learned that on May 27, documents from the Hong Kong Stock Exchange showed that Aier Eye Hospital Group Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with Huatai International as the sole sponsor.
ESSA Pharma Group Submits Listing Application to the Hong Kong Stock Exchange
36Kr learned that on May 27, documents from the Hong Kong Stock Exchange showed that ESSA Pharma Group submitted a listing application to the Hong Kong Stock Exchange. CITIC Securities is the sole sponsor.
IPO Application of MaKuang Co., Ltd. on the Main Board of the Shanghai Stock Exchange Approved by the Listing Committee
36kr learned that the IPO application of MaKuang Co., Ltd. on the main board of the Shanghai Stock Exchange has been approved by the listing committee.
Financial Reports of Large Companies
Kuaishou: Revenue Reached 33.7 Billion Yuan in Q1, Up 3.4% Year-on-Year
36Kr learned that Kuaishou released its financial report for the first quarter of 2026. The report shows that in the first quarter, Kuaishou's total operating revenue reached 33.7 billion yuan, a year-on-year increase of 3.4%. The core business revenue, including online marketing services and other services mainly based on e-commerce, increased by 10.7% year-on-year. The revenue from online marketing services reached 19.6 billion yuan, a year-on-year increase of 9.3%. The adjusted net profit reached 3.4 billion yuan. In terms of users, the average daily active users of the Kuaishou app reached 413 million, and the average monthly active users reached 772 million, hitting a record high.
Pinduoduo: Revenue in Q1 Reached 106.2 Billion Yuan, a Year-on-Year Increase of 11%
36Kr learned that Pinduoduo released its financial report for the first quarter of 2026. The report shows that Pinduoduo's revenue in the first quarter was 106.2 billion yuan, a year-on-year increase of 11%; the net profit was 1.25 billion yuan, a year-on-year decrease of 15%. This is mainly due to the continuous investment in the "100 Billion Support" program and the supply chain, which has affected the short-term performance to some extent.
Damai Entertainment: Revenue of 8.024 billion yuan in fiscal year 2026, a year-on-year increase of 20%
36Kr learned that Damai Entertainment released its fiscal year 2026 report. The report shows that as of March 31, 2026, Damai Entertainment's revenue was 8.024 billion yuan, a year-on-year increase of 20%; the net profit attributable to the parent company was approximately 705 million yuan, a year-on-year increase of 94%; the adjusted EBITA has achieved profitability for six consecutive years.
Qifu Technology: Net profit in Q1 was 880 million yuan, a year-on-year decrease of 51%
36Kr learned that Qifu Technology released its performance report for the first quarter of 2026. The report shows that the total net revenue in the first quarter was 3.909 billion yuan, compared with 4.691 billion yuan in the same period of 2025; the net profit was 880 million yuan, compared with 1.797 billion yuan in the same period of the previous year, a year-on-year decrease of 51%.
Investment and financing
"Shanyan Data" Completes Hundreds of Millions Yuan Series D Financing
36Kr learned that on May 27th, "Shanyan Data" announced the completion of hundreds of millions of yuan in Series D financing. This round of financing was led by the Changsheng Industry Fund under the Futian Capital Operation Group, with the Hunan Small and Medium - sized Second - Phase Fund of Fortune Capital following. Relying on the funds from this round, Shanyan Data will comprehensively promote the strategic upgrade of AI - native data infrastructure and industry digital intelligence solutions, continuously increase investment in key technology R & D, accelerate the layout in key industries and global markets, deepen the implementation practice of diverse application scenarios, and build a globally competitive talent system.
Compiled | Kris