Core Viewpoint - The controversy revolves around the alleged imitation of the "Golden Crab" design by jewelry designer Wu Wensheng, with claims that the original model was created by Junqing Studio, leading to widespread online discussion [1][4]. Group 1: Originality Claims - Junqing Studio claims that the "crab model" in question is their "Chinese Velvet Crab Model," which was part of their "Five Insects Record" series, initiated by designer Hua Qian [4]. - The studio asserts that they have documentation of the design process from inception to sale, emphasizing their originality [4]. - The model was first publicly showcased on June 9, 2023, with some modeling files dating back to October 2022 [4]. Group 2: Copyright Dispute - Wu Wensheng argues that the copyright registration of Junqing Studio is based on simulated grayscale images, while his "Golden Crab" is registered as a physical object, indicating a difference in copyright categories [5][6]. - Wu maintains that both parties' copyrights do not conflict, stating that he respects legitimate intellectual property rights [6]. - The studio's copyright certificate indicates that the "Chinese Velvet Crab" was completed and first published on February 17, 2024 [4]. Group 3: Market Response - Following the controversy, Sam's Club temporarily removed the disputed product from sale and is conducting a thorough investigation with suppliers [6]. - Initial checks revealed that while both products are themed as "golden crabs," they differ in design details, internal structure, and surface craftsmanship [6].

Core Viewpoint - The controversy surrounding the "Golden Hairy Crab" model sold at Sam's Club has raised significant attention regarding intellectual property rights and potential infringement claims [1][12]. Group 1: Background of the Controversy - Jewelry designer and intangible cultural heritage inheritor Wu Wensheng accused Sam's Club of selling a model that closely resembles his original "Golden Hairy Crab" design, which he claims took nearly two years to create [1]. - The model was launched at the Zhangjiagang Sam's Club on October 20, 2023, leading to public discussions on social media about the originality of the design [1]. Group 2: Responses from Involved Parties - Wu Wensheng expressed an open attitude towards the controversy, emphasizing that his previous statements about removing counterfeit products were aimed at protecting his intellectual property rights rather than targeting any specific entity [12]. - The designer from "Junqing Studio," known as Er Liu, stated that their "Chinese Velvet Crab" model was the original design, with records of its creation dating back to October 2022 [5][11]. Group 3: Details of the Design and Production Process - The design process for the crab model involved purchasing crabs for research, creating models on a computer, and then 3D printing for testing before sale [5]. - The studio's model was officially available for sale starting in early 2024, with initial design records and public displays occurring in mid-2023 [5][9]. Group 4: Legal and Regulatory Actions - Following the allegations, Wu Wensheng reported the issue to local authorities, and the Zhangjiagang municipal government confirmed that the copyright bureau is investigating the matter [14]. - Sam's Club has temporarily removed the product from sale and is conducting a thorough review of the supplier's materials to address the infringement claims [14].

Group 1 - Adidas has shown a strong performance in Q3 2025, with global revenue increasing by 12% year-on-year to €6.6 billion (approximately ¥546.41 billion) excluding Yeezy factors, and operating profit rising by 23% to €736 million (approximately ¥60.93 billion) [1] - The Greater China region has been a key driver for Adidas, with revenue in Q3 2025 growing by 10% year-on-year to €947 million (approximately ¥78.40 billion) [1] - For the first three quarters of 2025, Adidas reported global revenue of €18.735 billion (approximately ¥155.11 billion), a 14% increase year-on-year, with Greater China revenue at €2.774 billion (approximately ¥229.66 billion), up 12% [1] Group 2 - Despite the growth, Adidas faces challenges as its revenue growth rate in Q3 was lower than in the first three quarters, indicating ongoing growth pressures in China [2] - Competitors like Anta and Li Ning have reported mixed results, with Anta showing low single-digit growth and Li Ning experiencing a decline in sales [2] - Nike's revenue in Greater China has also declined by 10%, highlighting the competitive landscape [2] Group 3 - Adidas's market share in China has dropped significantly from 15% in 2021 to 8.7% in 2024, while Nike's market share decreased from 18.1% to 16.2%, maintaining its leading position [3] - Anta's market share increased from 9.8% to 10.5%, ranking second, while Li Ning's market share slightly rose from 9.3% to 9.4% [3] - In 2024, Adidas ranked fourth in market share in China, trailing Li Ning by 0.7 percentage points [4] Group 4 - Given Li Ning's sales decline, there is a possibility that Adidas could surpass Li Ning in market position in China [5] - However, Adidas still has a long way to go in terms of self-positioning compared to its competitors [6]

Group 1 - Zong Fuli, the president of Hongsheng Group, has returned to the headquarters and is no longer serving as the chairman of Wahaha, indicating a shift in leadership roles within the beverage industry [3] - Nvidia has become the first publicly traded company to surpass a market capitalization of $5 trillion, achieving this milestone in just 113 days, significantly faster than previous milestones [5] - Tesla's board chair stated that the company is prepared to appoint a new CEO from within if Elon Musk's compensation plan is rejected by shareholders, indicating potential leadership changes [5] Group 2 - BabyBus has taken serious measures against its advertising review head following issues with inappropriate advertisements, highlighting the importance of compliance in advertising practices [5] - OpenAI's CEO Sam Altman will not hold shares in the restructured company, which may impact investor sentiment and company governance [6] - Nvidia announced plans to build seven new supercomputers for the U.S. Department of Energy, with AI chip orders reaching $500 billion, showcasing the company's growth in the AI sector [6] Group 3 - Apple is preparing to upgrade its MacBook Air and iPad mini with OLED displays, which may lead to a price increase, reflecting the trend towards higher-quality display technology [9] - Xiangpiaopiao is set to open its first physical store, marking a significant step in its retail strategy [9] - Miniso has responded to customer complaints about using candy as change, indicating a focus on improving customer service standards [11] Group 4 - Good Products reported a net loss of 28.77 million yuan in Q3, with revenue declining by 17.72% year-on-year, reflecting challenges in the retail sector [13] - Sequoia China has acquired significant assets from Bayer Group, indicating ongoing consolidation in the pharmaceutical industry [13] - Whatnot, a live shopping platform, raised $225 million in funding, doubling its valuation to $11.5 billion, highlighting the growth of e-commerce platforms [13] Group 5 - China's IPv6 active user count reached 865 million, a 294-fold increase since 2017, demonstrating rapid growth in internet infrastructure [17] - The retail market for passenger vehicles in China saw a 7% year-on-year decline in October, indicating potential challenges in the automotive sector [17]

Group 1 - Ningquan Asset, a private equity firm, announced the suspension of new investor subscriptions starting October 30, while existing investors can still make additional subscriptions [1] - Multiple consumer finance companies received regulatory guidance stating that the comprehensive financing cost for new loans must not exceed 20%, which is expected to significantly impact the lending business [1] - The international gold price has experienced significant volatility, with a drop of nearly 90 yuan per gram in less than half a month, leading to increased activity in the gold recycling market [1] Group 2 - TrendForce reported that the supply tightness in DRAM is pushing up DDR5 contract prices, with expectations for significant profit growth in 2026 [2] - CINNO Research indicated that global AMOLED smartphone panel shipments reached approximately 250 million units in Q3 2025, marking an 11.7% year-on-year increase [3] Group 3 - Amazon announced plans to lay off about 14,000 employees to streamline operations and accelerate AI deployment, with cumulative layoffs exceeding 27,000 since 2022 [4] - Tesla's chairman stated the company is preparing for a potential "post-Musk" era, indicating internal succession plans if Musk's compensation plan is rejected [4] Group 4 - Four-dimensional Map Technology signed a strategic cooperation agreement with CheLianTianXia to collaborate in various fields, including smart cockpit technology [5] - LanShi Heavy Industry signed a significant contract worth 581 million yuan with China Nuclear Power Engineering Company for a nuclear energy project [5] Group 5 - LianCe Technology reported a 36.54% year-on-year increase in net profit for the first three quarters of 2025 [6] - YongChuang Intelligent announced a 61.17% year-on-year increase in net profit for the first three quarters of 2025 [7] - JinKong Electric reported a 203.02% year-on-year increase in net profit for the first three quarters of 2025 [8] - JianLong MicroNano reported a 20.15% year-on-year increase in net profit for the first three quarters of 2025 [9] - SiTeWei reported a 155.99% year-on-year increase in net profit for the first three quarters of 2025 and proposed a cash dividend [10] - DongFang Iron Tower reported a 77.57% year-on-year increase in net profit for the first three quarters of 2025 [11] - YaKang International reported a 163.01% year-on-year increase in net profit for the first three quarters of 2025 [12] Group 6 - The North Stock 50 Index surged over 8%, with significant activity in the energy storage and non-ferrous metal sectors, while banking stocks experienced declines [13]

Core Viewpoint - A Sam's Club store in Zhangjiagang, Suzhou, Jiangsu, is facing allegations of infringement regarding a 500-gram pure gold "Golden Hairy Crab" product, which has attracted significant public attention [1] Company Response - The store's representative stated that they are aware of the situation and have submitted all supplier materials to the market supervision administration for review, with legal assessments ongoing [1] - To avoid potential disputes, the "Golden Hairy Crab" product has been taken off the shelves [1]

Core Viewpoint - The incident involving Sam's Club and the alleged infringement of the "Golden Hairy Crab" design by jewelry designer Wu Wensheng has raised significant concerns regarding intellectual property rights and quality control within the company [1][8]. Group 1: Incident Overview - Wu Wensheng, a jewelry designer and intangible cultural heritage inheritor, claims that his nearly two-year-designed "Golden Hairy Crab" was replicated and sold at Sam's Club in Zhangjiagang, priced over 500,000 yuan (approximately 50 million) [3]. - The supplier for the crab allegedly used Wu's name and credentials without his knowledge, leading to a formal complaint and investigation by the Zhangjiagang Copyright Bureau [6][7]. Group 2: Company Response - Sam's Club has temporarily removed the product from sale and is conducting a thorough investigation with the supplier after being made aware of the dispute [7]. - The company asserts that while the products share the same theme, there are significant differences in design details and construction compared to Wu's original work [8]. Group 3: Legal and Regulatory Actions - The Zhangjiagang Copyright Bureau has intervened, confirming that the supplier did not independently design the product and instead used Wu's name without authorization [7]. - Reports indicate that the supplier may have produced the crabs by replicating Wu's design after purchasing one of his original pieces [8].

Core Points - A 500-gram pure gold "Golden Hairy Crab" product sold at the Zhangjiagang Sam's Club is accused of infringement, drawing significant attention [1] - Designer Wu Wensheng claims that his two-year effort in creating a similar product has been copied without his consent, using his likeness and credentials for commercial endorsement [1] - The product was recently launched at the newly opened Zhangjiagang Sam's Club, which is the fourth Sam's Club in Suzhou and the third in a county-level city [2] Group 1 - The Zhangjiagang Sam's Club has acknowledged the issue and stated that all supplier materials have been submitted to the market supervision administration [2] - The "Golden Hairy Crab" product has been taken off the shelves to avoid potential disputes while legal assessments are ongoing [2] - The product weighs 509 grams and is priced at over 500,000 yuan based on current gold market prices [2] Group 2 - Wu Wensheng has publicly condemned the infringement and has reported the matter to the police [2] - Sam's Club has faced multiple controversies this year, including penalties for selling substandard products [2][3] - Sam's Club contributes nearly two-thirds of Walmart China's performance, with 280 Walmart stores and 54 Sam's Club locations as of July 31 this year [3]

Core Viewpoint - The designer Wu Wensheng has raised concerns about potential copyright infringement regarding his original work "Golden Hairy Crab," which is made of 700 grams of pure gold. A similar product weighing only 500 grams has allegedly been sold at a Sam's Club store, prompting an investigation into the matter [1][4]. Group 1 - Wu Wensheng expressed disappointment over the infringement of his original design, highlighting the pride associated with his 700-gram pure gold creation [4]. - The supplier of the alleged imitation product has been accused of copying the creative concept, leading to a product that is a reduced version of the original [4]. - Sam's Club has temporarily removed the disputed product from its shelves and is conducting a thorough investigation with the supplier [1][4]. Group 2 - A Sam's Club representative stated that while both products are themed around "golden crabs," there are significant differences in design details, internal structure, and surface craftsmanship [4]. - The supplier has submitted documentation to relevant regulatory authorities for verification, and Sam's Club will handle the situation according to the official findings [4]. - Following the controversy, Wu Wensheng's related social media posts have been deleted [5].

Core Viewpoint - The designer and intangible cultural heritage inheritor Wu Wensheng has accused a product resembling his "Golden Hairy Crab" design of being copied by a Sam's Club store in Zhangjiagang, which opened on October 20. The product has since been taken off the shelves [1]. Company Information - Sam's Club (Shanghai) Investment Co., Ltd. was established in May 2021 with a registered capital of $30 million. The company is fully owned by WM Eastern Holdings Limited and operates in sectors including food production and internet sales [3]. - The company has been involved in multiple legal disputes, including product liability and sales contract disputes [3]. Intellectual Property Issues - Wu Wensheng's "Golden Hairy Crab" design, which began in 2022 and was completed in 2023, has been registered for copyright in 2024. The design features unique structural elements that are legally protected [4]. - The Sam's Club product allegedly replicates the design's appearance and specific details, which may constitute a violation of Wu Wensheng's copyright and moral rights [4].