小红书 · 124

Xiaohongshu created an “AI shopping guide” function to directly push product cards and order links in conversation scenarios

Comparative news, according to an exclusive report from “Reading Best”, Xiaohongshu is creating a new “AI shopping guide” function. Relying on a dialogue and interaction mode, it directly pushes product cards and attaches order redirects in the question-and-answer scenario. The project is led by Dao Xuan (Pan Boyuan). As of press time, there has been no response from Xiaohongshu. Previously, Xiaohongshu had launched an AI summary function in store reviews. This AI shopping guide is a further extension of its intelligent transaction link. According to public data, Xiaohongshu's global MAU is about 400 million. Every day, 39 million users generate clear purchasing behavior, bringing in 140 million active purchases. Over 47 million people enter the merchant's live broadcast room, and group chats with more than 170,000 merchants continue to be active. During the 618 period, store-broadcast GMV increased 265% year over year, and note content led to a transaction increase of more than 210%. Xiaohongshu currently uses the “in-site market closed loop plus off-site diversion” dual transaction model, and there is still room for improvement in the conversion rate for orders placed directly within the site. The launch of the AI shopping guide function is expected to further increase its e-commerce GMV and revenue within the website.

10d ago

With a net worth of 20 billion dollars, Wang Xingxing bid farewell to Wang Xingxing

Source | Shannong Xiashan (ID: Shannongxiashan) Article | Edited by Li Yuyao | Yuan Wen Everything in the past is a prelude. In mid-March 2016, Wang Xingxing, who had just completed his master's thesis and had been hired in advance by DJI, became active on Zhihu. He first asked, “What do people think of Google's plan to sell robotics companies?” I expressed my opinion under the question. Two days later, because “no one sees it next door” and “cheeky,” the answer was copied to another question: “How would you evaluate Google trying to sell the robotics company it bought in 2013: Boston Dynamics?” It received hundreds of interactions. Judging from the subsequent action of not replicating the answers, he is satisfied with this number. Ten years later, he is no longer “content and joy,” but has shown enough ambition — Yushu Technology, which he founded, submitted a listing application on the Science and Technology Innovation Board on March 20, met in June, and began an IPO on August 10. This means that as the first A-share humanoid robot, Yuuki is about to be tested by the market. On the evening of August 6, Yushu Technology issued an announcement confirming the initial public offering price of 150.80 yuan/share. After the issuance was completed, Yushu Technology's total share capital was 404,643.4 billion shares. According to this calculation, Yushu's issuance market value is 60.9 billion yuan, and the founder Wang Xingxing, who holds about 33.36% of the shares, is expected to reach 20 billion yuan. At this point, Wang Xingxing has completely bid farewell to his past self. PART01 -- Construction is like the science and technology man most people stereotype. Wang Xingxing once mixed up at Zhihu and Station B. From time to time, he posts news on these two platforms, sharing his views on robots and AI and his daily life. He is used to using a emoticon or emoticon at the end of his sentences. When referring to his master's research results, he also directly stated “Please give everyone a thumbs up” and “Please encourage me” when sharing his work. In 2022, he co-starred with Yuuki Robot Dog to shoot a commercial. After completing the Weibo promotion, he excitedly ran to Station B and said, “Although our robot has participated in various large-scale events, this should be my first time personally participating in Party A's commercial activities. One day of filming earned me my personal salary for half a year”. At the time, although Yu Shu was already famous in the industry, few people cared about Wang Xingxing's social media. It can be said that after almost ten years of posting on Zhihu, he is still an unknown responder when he returns. The turning point of the story happened on January 28, 2025. The eighth CCTV program “Yang BOT” of the Spring Festival Gala in the Year of the Snake ended, and the Yuki robot went viral. For the first time, Wang Xingxing's name appeared in the public eye on a large scale. After the 90s, I only passed English 3 times in my three years of high school, and neither undergraduate nor master's colleges were prestigious schools. These experiences close to the lives of ordinary people made netizens feel very kind. Some people say that his company is called Yu Shu because of its good “vocabulary” and “outside” is too poor. In the early days of his popularity, he updated several pieces of personal content one after another, but only moved his position to Weibo and Xiaohongshu. His application suggestions were rated as “real” and “warm and rational,” and netizens also ridiculed his book list for revealing his obsession with learning English well — while borrowing many science and technology books, Wang Xingxing also borrowed several English study books and a bilingual version of the Psychic Chicken Soup. But this grassroots narrative didn't last long. On February 17, 2025, Wang Xingxing attended a private enterprise symposium, sat in the first row with Ma Yun, Ren Zhengfei, and Lei Jun, and spoke as one of six representatives of private entrepreneurs. He was encouraged: “You're the youngest in here. The country's innovation requires the contribution of the younger generation.” One year after that, he successively received the 2025 Chinese Youth May Fourth Medal and the 4th National Innovation Competition Award, attended the Summer Davos Forum, attended the China and Foreign Press Conference as an entrepreneur representative, and was hired as an industry professor at the Wuhan University School of Robotics. Overseas, he has also received much attention. After being selected in the “2025 100 Most Influential People in the AI Field” list selected by the US “Time” magazine in September last year, in July of this year, he also co-appeared on the cover of “Time” with Yushu's manned mecha product GD01, becoming the first Chinese entrepreneur to be on the cover of this publication in nearly eight years. “Time” magazine commented that Wang Xingxing's contribution to bringing science fiction to reality is almost unmatched in the industry. Wang Xingxing and Yu Shu manned mecha appeared on the cover of “Time” in July, and Wang Xingxing gradually walked into a different kind of story. He became an industry symbol. On the one hand, Yushu Technology's robots gradually evolved under public attention. At the beginning of the year, they were mocked by the group as “too fat” due to their erratic and slow movements. By the end of the year, they were able to dance silkily and unmistakably to the concert. 10 Yu Shu G1 accompanied Wang Lihong at Wang Lihong's concert in July of this year. On the other hand, Wang Xingxing also...

12d ago22#Yushu Technology #Wang Xing Xing

The three-year valuation rose from 300 million to 35 billion. How did Kimi do that?

Author: Mochi Beating Original title: Kimi completed more than 3.5 billion US dollars in financing, and the valuation rose to 35 billion US dollars. The pre-IPO round has already started early, Kimi has just opened up K3's model weight, and a new round of financing for Dark Side of the Moon has also been settled. According to an exclusive report from the “Science and Technology Innovation Board Daily” reporter, Dark Side of the Moon has completed Series F financing. The financing amount exceeds 3.5 billion US dollars, and the post-investment valuation has reached 35 billion US dollars. There were no plans to raise this much money in this round of financing. The report said that Dark Side of the Moon closed the F round early because the investors' subscription amount exceeded the original target by more than three times. Series G financing, which was originally scheduled to start in August of this year, also began early. Round G will be the pre-IPO round before Dark Side of the Moon goes public, and the pre-investment valuation has already risen to $50 billion. A week ago, the version that came out on the market is that Dark Side of the Moon will launch the final round of private equity financing in August after completing a pre-investment round of financing valued at approximately US$31.5 billion. Today, the final round of round F funding is over $3.5 billion, and the post-investment valuation has reached $35 billion, and the next round won't wait until August. Both the money and the valuation came faster than originally planned. Since its establishment in 2023, Dark Side of the Moon has only taken more than three years to push its valuation from $300 million to $35 billion. The ongoing pre-IPO round has put the next price tag at 50 billion US dollars. With more than ten rounds of financing over three years, the valuation rose from 300 million US dollars to 35 billion US dollars. The dark side was founded in April 2023. It was co-founded by Yang Zhilin, Zhang Yutao, Zhou Xinyu, and Wu Yuxin. The company completed an angel round of financing of more than $200 million about two months after its establishment, and the post-investment valuation was approximately $300 million. For a big model startup that hasn't officially launched a product, this is already a rare early-stage financing. What really brought the dark side of the moon to the center of the capital table was the A+ round of financing completed in February 2024. The scale of this round of financing exceeded 1 billion US dollars. Alibaba led the investment, with the participation of institutions and industrial capital such as Sequoia China, Xiaohongshu, Meituan, etc., and the valuation of Dark Side of the Moon was pushed to about 2.5 billion US dollars. Half a year later, the Series B round surpassed $300 million, and the company's valuation continued to rise to $3.3 billion. However, after the 2024 round of financing, the Dark Side of the Moon's financing pace slowed down for a while. Over the year, China's big model market has changed markedly. Major companies such as Byte and Ali continue to lower model prices. DeepSeek is rapidly rising with open source and cost efficiency, and competition for general chat products is also gradually shifting from user growth to model capabilities, reasoning costs, and commercial revenue. Kimi used to take the lead with long texts, but with just one product label, it's already difficult to support higher valuations. By the end of 2025, Dark Side of the Moon completed Series C financing of 500 million US dollars, and the post-investment valuation reached 4.3 billion US dollars. Since then, the company's financing has accelerated markedly. In the first two months of 2026, Dark Side of the Moon completed multiple rounds of financing, and the valuation rose from the previous 4.3 billion US dollars to 10 billion US dollars, and further reached 18 billion US dollars. In May of this year, the company also completed Series D financing of about 2 billion US dollars, and the post-investment valuation reached 20 billion US dollars. Participants are no longer just internet companies and market-based investment institutions; China Mobile, Guozhi Investment, CPE Yuanfeng, and several state-owned background funds have also begun to enter the shareholder list. Round D has just been completed, and a new round of funding will commence in June. At that time, the pre-investment valuation reported in the market had reached 31.5 billion US dollars. Today, the round has finally ended with over $3.5 billion in funding, and the post-investment valuation of Dark Side of the Moon has risen to $35 billion. Looking back at this financing curve, the most obvious change occurred in the past six months. At the end of 2025, Dark Side of the Moon was still valued at $4.3 billion. More than half a year later, that figure has reached $35 billion, a seven-fold increase. If the next round is completed according to the $50 billion pre-investment valuation, the valuation of Dark Side of the Moon will increase by more than 160 times in more than three years. The reasons given by capital are also becoming more straightforward. In the past, investors were betting on Yang Zhilin and a Tsinghua technical team; now they are betting on whether Dark Side of the Moon can become one of the few companies in China to stay on the cutting edge of the global model table. After K3, Dark Side of the Moon returned to the center of the table where this round of financing was closed early, just after Kimi K3 was released. On July 16, The Dark Side of the Moon was released...

23d agoburnking#IPOs #KIMI #Pre #financing

Why did Kimi get scolded for her honor, but the Silicon Valley carnival is touted as culture?

Author: Dongcha BeatingOriginal title: Why can't KIMI go to a nightclub to celebrate? This past weekend, Kimi hosted a celebration party at a nightclub in Beijing. There are three lines on the big screen at the nightclub: K3, scale upK4, scale the Fuck Up to the Moon. Some people posted Xiaohongshu that night, saying that Kim's programmers were all very strict. They sat down in the card slot and played with their phones. They rounded up and added WeChat themselves and were rejected. Co-Founder Zhang Yutong is also said to have been present. The next day, reviews on the community and social media were that people who are impetuous, addicted to gold, and big models shouldn't be like this. Some people say they haven't reached the best technology in the world, so drink alcohol first. Kimi's celebration party at the nightclub should not have attracted so much criticism. Kimi K3 has already caused an international uproar soon after its release. It can even be said that it is one of the most critical sources of recent controversy in the US tech industry and politics about the open source model. Of course, the team has reason to be happy. However, when an ordinary celebration arrived in Beijing, it became a trial about original intentions. Strangely enough, if the same scene happened in a different place, the perception would be completely different. Silicon Valley Cult Imagine if a Silicon Valley company celebrated at a Silicon Valley nightclub, wouldn't that be a lot of fun? A group of engineers who have just finished training models are wearing T-shirts and drinking too much at the bar. The founder is standing in the crowd and puts a swear slogan on the screen. The next day, the tech media wrote, and the title would probably include words such as ambition, crazy, and young. Readers will say this is Silicon Valley after reading it. When we talk about Silicon Valley, we're always liberal. Silicon Valley's most valuable products aren't just chips, models, and software. It also produced a complete set of languages to explain success. Jobs wears a black turtleneck all year round, which is called focus. Zuckerberg wears slippers to meet investors; that means he doesn't take stereotypes seriously. Sleeping in the office is devoting oneself to a career, and making money for Burning Man is unleashing creativity. Silicon Valley sells more than chips, models, and software to the world; it also has a whole set of rhetoric to explain why a person succeeds and what he does after success is considered decent. People in Silicon Valley can be proud, they can be offended, and no one takes it seriously when they say a few swear words after drinking too much. They don't have to prove they're good students all the time, because in this line of rhetoric, they default to the future. But Chinese companies have never had this kind of treatment. It must first prove that technology is real, growth is real, and valuations are not blowing. I've proven all of this, and I need to prove again that I'm not proud. There was a lot of English at the press conference; some people think it advocated foreign beauty. The founder will express that some say he only does marketing. The company made money, employees went out to celebrate, and others worried that it had lost its original intention. To put it bluntly, there's a kind of Silicon Valley cult here. For a long time, Silicon Valley was not only the birthplace of advanced technology, but also the birthplace of modern life. Garage entrepreneurship, hacker culture, venture capital, equity incentives, flat management, and even the attitude of rebellion were learned from there. This is where the problem lies. We can accept that Chinese companies learn how Silicon Valley suffers, but we can't accept that Chinese people also learn to enjoy themselves like successful people in Silicon Valley. This is actually a hidden form of cultural inferiority. The worship of Silicon Valley here is not simply about thinking that Silicon Valley is superior. Instead, we subconsciously think that successful people in the West have the right to define their lifestyle, while successful Chinese people only have the obligation to be judged by their lifestyle. The Information recently published an article “Private Jets Are Scarce. “Blame the Gusher of AI Wealth” describes this reality: Today, about 30% of consumers of high-end private jets in the US come from Silicon Valley. Among them are not only the founders of technology companies. Thanks to AI's crazy performance in the capital market, researchers and engineers at many AI companies are now also starting to consume private jets. America's top AI engineers have begun to study buying a Gulfstream G650, and we're still discussing whether Chinese AI engineers are too impetuous to go to work and drink. We're not promoting a luxurious lifestyle. To be sure, if you were one of these top talents, which public opinion environment would you rather work in? Moralism of suffering We are extremely tolerant of America's tech elites, yet we are extremely strict with our own people, not only because we worship Silicon Valley, but also because our education from an early age tells us that decent success should come from a very difficult time. We have long learned to judge a person's character by whether they can bear hardships. Children don't have good grades, and parents are often the angriest not the score...

25d agoburnking#Rhythm BlockBeats

Tsinghua genius+rock drummer, this guy from Chaoshan is making Silicon Valley uneasy

In the middle of the night of July 16, 2026, when Yang Zhilin's Kimi K3 model went online, no one anticipated what would happen next. On the first day, it reached the top of the Arena AI front-end code arena with 1,679 points, beating Claude and GPT. Some people overseas call it the “DeepSeek 2.0 Moment.” The next day, Musk wrote “Impressive” on social platforms and immediately announced that his new model with 2 trillion parameters “may surpass Kimi”. The dark side of the Moon responded: “Welcome Musk to the '2 Trillion+ Club'.” On the third day, Kimi's user requests exceeded estimates, approaching the cluster's carrying limit, and the team issued an announcement late at night to suspend new user subscriptions. On the fourth day, US White House officials publicly accused the dark side of the Moon of “stealing technology” and “circumventing chip export controls.” On the fifth day, NASDAQ opened down 1.8% due to factors such as the K3 release, and the Philadelphia Semiconductor Index fell 5.2%. On the sixth day, Bloomberg reported that K3 is thought to be able to narrow the AI gap between China and the US. Some scholars pointed out that the gap may narrow to two to three months. On the 7th day, Hu Xijin sent an article reminding Yang Zhilin to “not go to America for a while.” In seven days, a post-90s Shantou native messed up Silicon Valley, the White House, and Wall Street at the same time. Code as instrument, rock and roll as bone Yang Zhilin was born in 1992 to an ordinary family in Shantou, Guangdong. Her growth trajectory was unique from the beginning. As a teenager, he had two hobbies: rock and roll and code. He attended Jinshan Middle School in Shantou in high school. He was selected for the Informatics Olympiad training course without any programming background. Most of his classmates have been writing code since middle school; he started ridiculously late. However, just one year later, he won the first prize in the Guangdong Division of the National Youth Informatics League and was eligible for Tsinghua promotion. But he wanted to prove that he was more than just a “caretaker.” He participated in independent enrollment and went through the college entrance examination again, and decided to take the college entrance examination as an ordinary college candidate — 667 points, the top science champion in Shantou City. He was accepted to Tsinghua three times and became a legend in the local area. Yang Zhilin (center), winner of the 2011 Shantou Science College Entrance Examination, was offered free air tickets by Air China. (Source: Hualong Chaoshan Network) After entering Tsinghua, he was transferred to a thermal energy project — commonly known as a “burning boiler”. In his sophomore year, he made a decision that was puzzling to others: switch majors to computer science. The reason it's very “rock”: Love it. And this love comes from a novel by Haruki Murakami — a programmer character in the novel who writes code late at night to implement technology, making him full of hope. Transferring majors meant finishing everyone's freshman programming classes. But in the end, he graduated with the first grade, scoring over 95 points in 90% of the majors. At the same time, he formed the rock band Splay in Tsinghua as a drummer and songwriter. The band's name comes from the data structure “Splay Tree” — an ingenious pun. In the 2014 Tsinghua School Song Contest, they won the “Best Original Song Award”. (First grade, countless papers) Many years later, when recalling her biggest regret as an undergraduate, Yang Zhilin said, “My band didn't win the title in the original competition; they only won an original song award.” Entrepreneurship is written in the DNA of Chaoshan people. In 2015, Yang Zhilin graduated with the first place in the Tsinghua Computer Department and went to Carnegie Mellon University to study under Ruslan Salakhutdinov, Apple's first AI director. Graduated after four years—a full two years faster than the usual six years. While reading the blog, he did two jobs that were frequently quoted later: Transformer-XL and XLNet, which were cited more than 20,000 times in total. Transformer is the underlying framework for all big models today, and his work is equivalent to making key node improvements on this skeleton. As a result, he became the most cited researcher in the field of NLP in China under 35. After K3 was released, Yang Zhilin was furious, and many people were asking: Why didn't he stay in the US? Some people speculate that it's because of the visa; others say the H-1B didn't win. Rumors spread so much that his mentor Russ Salakhutdinov had to come forward and clarify: the truth is that at Yang Zhilin's level, there are countless opportunities to stay in the US and close to graduation. Apple wanted to recruit him, and Google and Meta also provided opportunities. Stanford and MIT both asked him if he wanted to work as a postdoctorate, and an Apple executive even gave him a position in the Beijing office. Salakhutdinov said, “I remember him telling me that if he didn't even get a chance to start a business, he would regret it for the rest of his life. I respected his decision and he was right.” In February 2023, Yang Zhilin began concentrating on the first round of financing. He later recalled that it was an extremely narrow window: “If de...

29d agoWendy#AI #KIMI #original #Yang Zhilin

Xiaohongshu responds to IPO rumors

Comparative news, according to the First Financial Report, there are many rumors that “Xiaohongshu secretly submitted an IPO application before the end of June,” but this was blocked because former employees reported their “listing compliance” issues. In response, Xiaohongshu responded: None of the IPO-related information currently circulating is true.

31d ago

Xiaohongshu's IPO is blocked; SpaceX is about to break; Trump “brings goods” to the screen...

Dear readers, what have the KOLs on X been talking about in the past 24 hours? Note: The following content is compiled from the X platform. They are all personal opinions. They do not represent the platform's position, let alone constitute investment advice. Due to “reports” from former employees, Xiaohongshu's IPO is about to change! SpaceX stocks are under pressure to break, may Trump, like live streaming giants, cut AI capital expenses? Is the semiconductor market officially over? This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)Twitter：https://twitter.com/BitpushNewsCN比推 TG Community: https://t.me/BitPushCommunity比推 TG Subscription: https://t.me/bitpush

46d agoWendy#KOL

Leto, the 30 million financial freelancer in Byte Trading, is suspected to be starting an interaction on X

Comparing news, Leto, the protagonist of “Byte Trading 30 Million Financial Freedom,” which has recently gone viral on the internet, is suspected to have started an interaction on X. On June 30, Leto Bao posted an article introducing himself on the X platform. The self-introduction content is basically the same as his Xiaohongshu account's self-introduction, and netizens are encouraged to interact with him in the comments area. Previously, his interactive review content on Xiaohongshu had been removed, but the authenticity of the account has yet to be verified.

53d ago

Is DeepSeek starting a new round of “AI stealing people”? Recruit various positions such as development, products, researchers, etc.

Comparing news, this evening, DeepSeek officially released recruitment information, saying that humans are on the eve of AGI, joined DeepSeek, and experienced the development process of AGI firsthand. According to recruitment information, recruitment positions include full-stack development/algorithm, AI core system R&D, operation and maintenance, product, model data strategy product manager/engineer, deep learning researchers, and functional departments. Work locations include Beijing and Hangzhou. Previously, it appeared on social media that many DeepSeek employees were recruiting all kinds of talents on the Xiaohongshu and X platforms, such as HR @一只大蜗牛, Harness Group Cui Tianyi, etc. Earlier, DeepSeek announced that it had completed more than $7 billion in financing, with a valuation of over $50 billion. The financing capital was approximately RMB 50 billion, of which Liang Wenfeng personally contributed 20 billion yuan. This large-scale recruitment may mean that the domestic competition for AI talents has further intensified, and talents in the AI field are being sought after by the market.

58d ago

Xiaohongshu plans to go to Hong Kong for an IPO. The valuation may exceed 70 billion US dollars, or one of the biggest consumer internet market cases in adulthood

Comparatively, according to the Wall Street Journal, the Chinese social media and lifestyle platform Xiaohongshu is preparing to conduct an initial public offering (IPO) in Hong Kong as early as the end of this year. People familiar with the matter revealed that the company's latest valuation forecast has exceeded $70 billion, and this year's net profit is likely to exceed $3 billion. Some major investors maintain high expectations for its long-term value based on its growth and profitability. In recent secondary market transactions, Xiaohongshu's valuation has exceeded 50 billion US dollars. If the IPO progresses smoothly, it will become one of the most watched listing events in the Chinese Internet sector in recent years, and also reflects the repricing trend of consumer internet and content platforms in the capital market.

66d ago