---
title: "PDD hit with RMB 100k fine; TSLA Dojo3 returns | Daily News Recap"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/37975343.md"
description: "0121 | Dolphin Research Focus: 🐬 Macro/Industry — China's MIIT will issue guidelines to build a comprehensive standardization framework for humanoid robots and embodied AI. The framework spans five core modules: foundational/common standards, safety, system integration, key components/tech, and testing. It will prioritize urgently needed specs such as multimodal perception and interfaces for core components.In parallel, supporting measures include industry investment funds and the build-out of open-source tech communities to speed tech transfer and global sharing. These moves target pain points around fragmented tech roadmaps and weak product interoperability.Policy support should accelerate the commercialization of humanoid robots. Beneficiaries include sensors, servo systems, and AI algorithms..."
datetime: "2026-01-21T08:23:16.000Z"
locales:
  - [en](https://longbridge.com/en/topics/37975343.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/37975343.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/37975343.md)
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/37975343.md) | [繁體中文](https://longbridge.com/zh-HK/topics/37975343.md)


# PDD hit with RMB 100k fine; TSLA Dojo3 returns | Daily News Recap

## 0121 ｜**Dolphin Research Focus**

## **🐬 Macro / Industry**

**1.** China’s MIIT will release guidelines for a unified standards framework for humanoid robots and embodied AI, spanning five core modules: foundational/general, safety, full systems, and key technologies. It will prioritize urgently needed standards such as multimodal perception and interfaces for core components.

Supporting measures include industry funds and open-source community initiatives to speed commercialization and global tech sharing, addressing fragmented tech roadmaps and poor product compatibility. Policy support should accelerate humanoid robot commercialization, benefiting sensors, servo systems and AI algorithms.

**2.** The U.S. SEC approved Nasdaq’s proposal to list additional options expiring on Mon and Wed on the ‘Magnificent Seven’ — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla — plus Broadcom, effective Jan 26, 2026, with the first expiry on Feb 2. U.S. equity options have largely clustered around Fri expiries; the added cycles offer more flexible short-term hedging and trading tools, further enriching U.S. derivatives.

## **🐬 Stocks**

**1.**$XIAOMI-W(01810.HK)

On Jan 20, Xiaomi repurchased 5.5 mn Class B shares at HK$35.46–35.86, spending HK$196 mn. This marked the 6th straight day of buybacks, bringing YTD repurchases to HK$1.802 bn. With the stock under pressure, aggressive buybacks signal perceived undervaluation. Share cancellations directly lift EPS and ROE and optimize the capital structure, providing near-term price support.

**2.**$KUAISHOU-W(01024.HK)

Kuaishou rose nearly 4% today as its video-generation LLM ‘Keling AI’ topped 12 mn MAUs in Jan, with 2025 revenue reaching $140 mn, far above the $60 mn target set at the start of the year. Paid users for the Keling AI app were up 350% MoM vs Dec 2025, and daily revenue rose about 30%. Strong monetization drove the rally. The results suggest Kuaishou’s AI strategy is shifting from investment to harvest, emerging as a third growth curve after online marketing and live e-commerce.

**3.**$Tesla(TSLA.US)

Elon Musk said Tesla will restart the previously shelved Dojo 3 supercomputer program after completing the AI5 chip design. Dojo 3 adopts an innovative architecture that integrates 512 AI5/AI6 chips on a single motherboard, materially lowering hardware costs and network complexity while preserving massive parallel compute. It will mainly provide core compute for Tesla’s FSD and the Optimus humanoid robot.

**4.**$PDD(PDD.US)

Per media on Jan 21, Shanghai Xunmeng Information Technology Co., Ltd. (an affiliate of PDD) failed to file tax-related platform data as required by the ‘Reporting Rules for Tax-Related Information of Internet Platforms’. After missing the rectification deadline set by the tax authority, the Changning District office of the State Taxation Administration imposed a RMB 100,000 fine. PDD spiked over 8% after-hours.

**5\. Dolphin Research earnings and call Trans**

Netflix: ‘[Netflix: Did M&A Sink the Hit Machine? A Test of Conviction](https://longbridge.com/zh-CN/topics/37963093?channel=WHAB0001)’, ‘[Netflix (Trans): TV Competition Is Intense; Confident on M&A Approval](https://longbridge.com/zh-CN/topics/37968415?channel=WHAB0001)’

## **🐬 Top Sectors**

**A-shares:** precious metals & minerals, gold, semiconductor makers;

**HK:** consumer electronics, distributors, auto retailers;

**U.S.:** silver, gold, seaport operators.

## **🐬 Watch Tomorrow**

**1.** U.S. real GDP (final, annualized QoQ), core PCE price index (final, annualized), and real personal consumption expenditures (final, QoQ). U.S. personal spending (MoM), core PCE price index (MoM) and core PCE (YoY).

Risk disclosure and disclaimer: [Dolphin Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

### Related Stocks

- [Meta Platforms, Inc. (META.US)](https://longbridge.com/en/quote/META.US.md)
- [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md)
- [KUAISHOU-WR (81024.HK)](https://longbridge.com/en/quote/81024.HK.md)
- [XIAOMI-W (01810.HK)](https://longbridge.com/en/quote/01810.HK.md)
- [XIAOMI-WR (81810.HK)](https://longbridge.com/en/quote/81810.HK.md)
- [Xiaomi Corporation (XIACY.US)](https://longbridge.com/en/quote/XIACY.US.md)
- [Tesla, Inc. (TSLA.US)](https://longbridge.com/en/quote/TSLA.US.md)
- [PDD Holdings Inc. (PDD.US)](https://longbridge.com/en/quote/PDD.US.md)
- [Xiaomi Corporation (HXXD.SG)](https://longbridge.com/en/quote/HXXD.SG.md)
- [Netflix, Inc. (NFLX.US)](https://longbridge.com/en/quote/NFLX.US.md)

## Comments (6)

- **浪迹天涯110 · 2026-02-10T13:27:42.000Z**: The other party's method
- **做t小能手 · 2026-01-21T08:43:37.000Z · 👍 4**: Pinduoduo employee involved in the conflict: Deduct the fine from my salary
  - **打小都好看** (2026-01-21T14:07:41.000Z): But it fell by tens of billions
  - **Dolphin Research** (2026-01-22T01:54:10.000Z): 😂😂😂
- **cyt891206 · 2026-01-21T08:38:46.000Z · 👍 7**: Pinduoduo was fined 100,000 yuan, I originally thought it would be fined 10 billion, ...
  - **Dolphin Research** (2026-01-22T01:50:09.000Z): The tax penalty can only be this much