2 1 Shi Ji Jing Ji Bao Dao·2025-06-24 02:42Group 1: Corporate Developments - Alibaba Group has merged Ele.me and Fliggy into its China e-commerce business group, with both companies maintaining their management structures and reporting to Jiang Fan [2] - He Youjun has taken over as chairman of Huanju Commercial, previously owned by Wang Sicong, with several executive changes occurring [3] - Meituan's "Meituan Youxuan" has announced a business adjustment, temporarily suspending operations in certain loss-making regions while maintaining operations in Guangdong, Fujian, and Zhejiang [4] - Douyin has refuted rumors regarding the departure of its commercial vice president, clarifying that the information was false [5] - ByteDance has dismissed its former Seed large language model head and an associated HRBP due to conflicts of interest [6] - Starbucks has clarified that it is not considering a full sale of its China business, countering media reports that led to a stock price increase [7] Group 2: Financing and Investments - Hello has officially entered the Robotaxi sector, completing over 3 billion yuan in financing for its new company focused on L4 autonomous driving technology [11] - Yuanqi Technology has secretly submitted an application for a Hong Kong IPO [12] - Galaxy General has completed a new round of financing amounting to 1.1 billion yuan, led by CATL, with total financing exceeding 2.4 billion yuan over two years [13] - Motovis has successfully completed a multi-billion yuan D round financing, supported by Zhejiang Meida Industrial [14] - Hillhouse Capital is participating in the bidding for Starbucks' China business, which is valued at approximately 5 to 6 billion USD [15][16] Group 3: Product Innovations - Microsoft has launched a new small parameter model, Mu, which has 330 million parameters but performs comparably to its previous model Phi-3.5-mini, with significant efficiency in offline NPU devices [9] - Apple is expected to reduce the size of the Dynamic Island feature in its upcoming iPhone models, moving towards a truly portless full-screen design by 2027 [17] - MiniMax has introduced a new feature in its speech model, allowing users to design custom voice tones through natural language descriptions [18]