Tai Mei Ti A P P·2025-12-31 02:14Group 1 - Alibaba Group announced the sale of its entire stake in Gao Xin Retail for approximately HKD 13.138 billion, marking a significant divestment from its "new retail" strategy initiated by Jack Ma in 2016 [3] - ByteDance was ordered to pay CNY 82.668 million for code plagiarism involving eight products, including Douyin and Jianying, after a three-year legal battle [7] - Baidu officially acquired YY Live for approximately USD 2.1 billion, after initially announcing the acquisition in 2020 and later terminating it due to legal disputes [7] Group 2 - Honor officially announced the departure of its former CEO Zhao Ming after multiple denials, coinciding with the company's completion of a share reform and initiation of an A-share IPO process [4] - Xiaomi's first SUV model, YU7, launched with over 200,000 pre-orders within three minutes, indicating strong market demand [19] - The Chinese stock market index, Shanghai Composite, broke the 4,000-point mark for the first time in ten years, with total trading volume exceeding CNY 4.0782 trillion for the year [34] Group 3 - The founder of Baidu, Robin Li, stated that the company would spare no effort to win the competition in the food delivery market amid a subsidy war with Meituan [16] - Xiaomi's automotive division faced backlash over a carbon fiber hood controversy, leading to an apology and compensation offers for affected customers [16] - The Chinese government announced a child-rearing subsidy of CNY 3,600 per year for families, effective from January 1, 2025, to encourage population growth [22]