3 6 Ke·2025-06-27 23:34Group 1: IPO Applications - Beijing Stone Century Technology Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, with J.P. Morgan and CITIC Securities as joint sponsors [1] - OmniVision Technologies, Inc. has also submitted its IPO application to the Hong Kong Stock Exchange [2] - Shenzhen Dapu Microelectronics Co., Ltd. has had its IPO application accepted by the Shenzhen Stock Exchange, marking it as the first unprofitable company to be accepted on the ChiNext board [3] Group 2: Corporate Developments - Xiaomi's founder Lei Jun stated that the company will not disclose the 24-hour sales figures for the Xiaomi YU7, despite exceeding expectations [4] - Xiaomi's public relations manager clarified that a person rumored to be a former director was actually a kitchen worker who was dismissed for absenteeism [5] - Dongfeng Nissan's executive issued an apology for inappropriate comments regarding Xiaomi YU7, acknowledging the need for careful communication [6] Group 3: Financial Reports - Alibaba Group reported a net profit of 125.976 billion yuan and revenue of 996.347 billion yuan for the fiscal year 2025, reflecting a 77% year-on-year growth [15] Group 4: Regulatory Changes - The revised Anti-Unfair Competition Law will take effect on October 15, 2025, aiming to enhance market competition order and address new issues arising from economic development [10][11] Group 5: Corporate Restructuring - Li Auto has announced a restructuring of its sales system, with President Ma Donghui now overseeing research, supply chain, and sales [12] Group 6: Technology Developments - Tencent's Hunyuan-A13B, the first open-source MoE model, has been launched on the Magic Dock community, featuring 80 billion total parameters and 13 billion active parameters [14]