KWEICHOW MOUTAI(SH:600519) Tai Mei Ti A P P·2025-05-13 00:05Group 1: Trade Relations - The governments of China and the United States recognize the importance of sustainable and mutually beneficial bilateral trade relations [1][2] - Both countries have agreed to modify tariffs on each other's goods, with a 24% tariff on Chinese goods being suspended for the first 90 days, while retaining a 10% tariff [1][2] - A mechanism will be established for ongoing consultations regarding trade relations, with representatives from both sides designated for these discussions [2] Group 2: Corporate Developments - ByteDance's Seed team has released the Seed1.5-Embedding model, achieving state-of-the-art results in Chinese and English on the MTEB benchmark [5] - Meituan has led a multi-billion yuan Series A funding round for the embodied intelligence company, Self-Variable Robotics, which aims to accelerate the development of its intelligent models and robotic applications [13] - Nissan plans to lay off over 10,000 employees globally due to ongoing poor performance, which is part of a broader strategy to reduce its workforce by approximately 15% [6] Group 3: Economic Policies - The Chinese government is accelerating the construction of a cross-border asset management center in the Guangdong-Hong Kong-Macao Greater Bay Area [7] - The Ministry of Commerce is committed to providing more support for foreign trade enterprises amid complex external challenges [8] - The Finance Ministry and the Ministry of Industry and Information Technology are launching pilot programs for the digital transformation of small and medium-sized enterprises in about 34 cities by 2025 [9]