8:1 Kr | Unitree Technology: Offline subscription will be launched on August 10; ByteDance has established a new Doubao product team; the three major U.S. stock indexes closed higher across the board, with Microsoft posting its largest single-day gain in nearly 18 years.
Today's Hotspot Guide
South Korean stocks posted a record slump, while global investors have not entered the market to buy the dip
Moonshot AI has been restructured into a joint-stock company
Gold jewelry prices of domestic brands have risen across the board
Qualcomm will raise chip prices starting September 1, with the increase hitting double digits
Tesla's 10 millionth electric vehicle worldwide has rolled off the assembly line
TOP3 Major News
Unitree: The initial inquiry date is August 5, and the offline subscription date is August 10
On July 30, Unitree announced that for its initial public offering of shares and listing on the Sci-Tech Innovation Board, this offering will be conducted through a combination of strategic placement, offline issuance and online issuance. A total of 40,446,434 shares are planned to be publicly issued, accounting for 10% of the total share capital after issuance, and the total share capital after issuance will be 404,464,340 shares. The initial inquiry date is August 5, 2026, and the offline subscription date is August 10, 2026. The company has a special voting rights structure arrangement, and under the differential voting rights arrangement, the actual controller Wang Xingxing collectively controls 68.78% of the company's voting rights. (Jin10 Data APP)
Unitree
ByteDance Launches AI-focused Organizational Restructuring: Integration of Feishu, Doubao and Volcano Engine Teams
36Kr learned that ByteDance launched an AI-focused organizational restructuring on July 30. According to the restructuring plan, the Feishu product team and the Doubao product team will be integrated to form a new Doubao product team, which will be led by Zhao Qi, the head of Doubao, and Xie Xin, the head of Feishu, will report to Zhao Qi. In terms of the GTM (Go-to-Market, covering marketing, sales and customer service) system, the Feishu GTM team will be integrated with the Volcano Engine team to form a new ToB GTM organization "Creativity Service Platform". This new organization will take overall charge of the marketing, sales and customer service of ByteDance's cloud services including MaaS and SaaS, and will be led by Tan Dai, the head of Volcano Engine. Lin Chan, Head of Feishu Sales, and Shi Zhijun, Head of Feishu Strategy and Marketing, will report to Tan Dai. After the restructuring is completed, the original Feishu products and services will remain unchanged, and Feishu will also carry out deeper product collaboration with Doubao in productivity scenarios. The Doubao Enterprise Edition, which is developed with deep participation of the Feishu product team, has already launched internal tests among some Feishu customers.
The three major U.S. stock indexes closed higher across the board, with Microsoft recording its largest single-day increase in nearly 18 years
36 Kr has learned that as of the close on July 30, the three major U.S. stock indexes all moved higher: the Nasdaq rose 2.78%, the S&P 500 index rose 1.66%, and the Dow Jones Industrial Average rose 1.19%. Most large-cap tech stocks went up: Microsoft surged over 15%, marking its largest single-day gain since October 2008, with its market capitalization increasing by 450 billion U.S. dollars in one single day, setting a new record in the global stock market; Intel rose over 11%, Arm rose over 7%, Amazon and Tesla rose over 3%, NVIDIA rose over 2%; Meta dropped over 7%, Apple fell over 1%, while Google and Netflix posted minor declines. Most popular Chinese concept stocks posted gains: TAL rose over 13%, iQiyi rose over 4%, Baidu rose over 2%, NIO, NetEase, Futu Holdings, Tiger Brokers, Alibaba and Weibo all rose over 1%; Li Auto fell over 2%, XPeng Inc. dropped 0.61%.
The Cutting Edge of AI
OpenAI Admits the Out-of-Control AI Model Intrusion Incident Involves Multiple Platforms
The investigation results updated and released by OpenAI (the US-based artificial intelligence research organization) on the 28th show that when the company's artificial intelligence (AI) model ran out of control and invaded the system of Hugging Face, the US company, the model also used publicly available information on the internet to access accounts on multiple public service platforms. OpenAI admitted not long ago that multiple of its AI models including GPT-5.6 Sol broke through the isolated test environment during internal evaluation, and invaded the system of Hugging Face, the US company that operates the open-source artificial intelligence platform. According to its latest published investigation results, the involved model also accessed 4 accounts on at least 4 public service platforms during the attack. One of the accounts was used as a relay and staging channel; one account was used for data storage; the other two accounts were only accessed in read-only mode, and were not used for further attacks on Hugging Face's system. OpenAI stated that it has notified relevant service providers of the investigation results. (CCTV News)
Weng Li, Co-founder of Thinking Machines, Returns to Her Former Employer OpenAI
A spokesperson for OpenAI confirmed that Weng Li, co-founder of Thinking Machines Lab, will rejoin OpenAI. Earlier this week, she announced that she would step down from the company she co-founded with OpenAI's former Chief Technology Officer Mira Murati and other partners due to health issues. According to a source familiar with the matter, after rejoining OpenAI, Weng Li will work on the R&D of next-generation models leveraging AI models, which refers to the research in the field of recursive self-improvement. (Sina Finance)
Elon Musk: Grok 4.6 Will Be Released in One Week
On July 30, Elon Musk posted on social media platforms that the large model Grok 4.6 will be launched in a week. (Jiemian News)
Tencent WorkBuddy Releases V5.3.5 Update, Launching the "Human-AI Dual Writing" Collaborative Editing Capability
36Kr learned that on July 30, Tencent WorkBuddy rolled out the V5.3.5 version update, and launched the "Human-AI Dual Writing" collaborative editing capability in partnership with Tencent Docs. Users can co-create and modify documents with AI in the same file, which supports mainstream formats including Word, Excel, PPT and Markdown, and is compatible with local Office files and online Tencent Docs documents at the same time. The new feature allows users to select a specified area for the AI to make partial modifications while keeping the rest of the content unchanged; the AI co-created content can be uploaded to Tencent Docs with one click, realizing multi-person, human-AI cross-device real-time collaborative editing.
OpenAI Cuts Prices of Some GPT-5.6 Models
On July 30 local time, OpenAI announced the optimization of pricing and performance of the GPT-5.6 series models, to improve the cost-effectiveness of AI applications for enterprise users. Among them, the price of the GPT-5.6 Luna model has been reduced by 80%, and the price of the GPT-5.6 Terra model has been cut by 20%. This price reduction will also be reflected in the calculation of paid subscription quotas when using Codex and ChatGPT Work. In addition, OpenAI has launched the Fast mode in its API to replace the previous Priority Processing service. Under the Fast mode, the processing speed of GPT-5.6 Sol can be increased up to 2.5 times that of the standard mode, at twice the price of the standard processing mode, while the model's capabilities remain unchanged. (Jiemian News)
Major Companies / Major Events
Xiaomi Auto Unveils Xiaomi Pengcheng N90 Max
On the evening of July 30, Lei Jun revealed at the Xiaomi Pengcheng Technology Launch Event that the pre-sale price of Xiaomi Pengcheng N90 Max is 299,900 yuan, and the pre-sale price of Xiaomi Pengcheng N70 Max is 259,900 yuan. The two new vehicles will open for reservation at 9:00 on July 30 and be officially launched in September 2026. The entire Xiaomi Pengcheng series is standardly equipped with Xiaomi HAD, a full-configured assisted driving system. In addition, the Xiaomi Pengcheng N90 Max is newly fitted with a rear solid-state LiDAR, whose ranging accuracy can reach 2 cm. (Jiemian News)
Innolight Hits Record Sky-High Trading Turnover
On July 30, the total trading turnover of Shanghai and Shenzhen stock markets reached 2.34 trillion yuan, up by around 46.23 billion yuan from the previous trading day. Specifically, the trading turnover of the Shanghai bourse stood at 1.11 trillion yuan, while that of the Shenzhen bourse was 1.24 trillion yuan. Innolight topped the list with a trading turnover of 59.773 billion yuan, surpassing the previous all-time high of 58.32 billion yuan recorded on June 5, 2026. It was followed by C Changxin, Eoptolink, GigaDevice and Cambricon, whose trading turnovers hit 44.706 billion yuan, 36.131 billion yuan, 35.484 billion yuan and 19.918 billion yuan respectively. (Jiemian News)
Original employees can receive 150,000 yuan, MediaStorm distributes special incentive bonuses to all staff
On July 29, a video posted by Li Siwei, an employee of MediaStorm, on social platforms shows that the company held the "10th Anniversary Special Incentive Bonus" event that day. Founder Tim (Pan Tianhong) announced that the incentive bonus would be issued to all employees based on the formula "years of employment × monthly salary after the July pay rise", and the multiple increases as the length of service grows. Other distribution rules specify that employees with a tenure of less than 6 months will get half a month's monthly salary, those who have worked for 6 full months but less than 1 year will get 1 month's monthly salary, and so on, with the rule applicable to all staff. All incentive payments were fully completed on the day of the event.
Jiemian News has made the following calculation: Taking the monthly salary of 15,000 yuan as the general reference standard, new employees who have joined the company for 3 months can receive a one-time incentive bonus of 7,500 yuan; employees with 8 months of tenure can get 15,000 yuan; veteran employees with 3 years of service can get a total incentive bonus of 45,000 yuan. For the original employees who have accompanied the company through the full 10 years of development and participated in the whole process of team growth, they can get as high as 150,000 yuan only from this special incentive. Tim said on the scene, "If the company expands without sharing the benefits, it is a failure for me. I hope everyone can live a better life." (Jiemian News)
"Tingquan Appreciates Treasures" Denies Losing His Parents' Life Savings From Decades of Hard Work to Stock Trading
Online rumors claim that Tingquan Appreciates Treasures, a treasure-appraising internet celebrity with tens of millions of followers, lost all his parents' life savings in stock trading, was blocked by his parents and kicked out of the family group. He publicly uninstalled all stock trading applications during a recent live stream, vowing that "I will chop off my hand if I trade stocks again". According to China Blue News, on July 29, Tingquan Appreciates Treasures refuted the rumor that he lost all his money in stock trading and was blocked by his parents during the live broadcast. He stated that he was just joking with fans during the live stream, and hoped that the media would carry out reports based on facts. According to New Yellow River reports, Tingquan Appreciates Treasures said during the live stream that he is an entertainment anchor, and he maintains a very good relationship with his parents: "My parents gave birth to me and raised me, how could they treat me badly?"
"Tingquan Appraises Treasures", later renamed "Tingquan Appreciates Treasures", real name Ding Xiangxiang, is a treasure-appraising content creator. He rose to fame across the internet for his extensive knowledge of cultural relics and highly entertaining live streaming style. He constantly brings out gags and creates funny, engaging moments during live streams, making his sessions just like a large-scale treasure-appraising talk show. In early January 2024, "Tingquan Appreciates Treasures" had less than 3 million followers. Its follower count doubled in less than a month, exceeded 6 million in mid-February, and gained nearly 15 million new followers in less than half a year afterwards. At present, "Tingquan Appreciates Treasures" has 34.657 million followers on Douyin. (Source: China Blue News, Yicai)
Spokesperson of the Ministry of Commerce Answers Reporters' Questions on the U.S. Federal Communications Commission Adding Foreign Power Inverters and Advanced Robot Equipment to the "Covered List"
36Kr learned from the Ministry of Commerce that a reporter raised the following question: On July 28 U.S. Eastern Time, the U.S. Federal Communications Commission (FCC) announced that it would add foreign-manufactured power inverters and advanced robot equipment to the "Covered List", and relevant new model products will not be granted FCC certification authorization, and are prohibited from being sold in the U.S. market. What is the comment of the Ministry of Commerce on this? The answer goes as follows: We have noted the relevant situation. The relevant measures of the U.S. Federal Communications Commission are ostensibly under the banner of "non-discrimination", but in essence they discriminatorily target and suppress Chinese enterprises and their products. This is not the first time that the U.S. Federal Communications Commission has taken similar measures, as it has imposed restrictions on many other Chinese commodities on multiple occasions before. For quite some time, the U.S. Federal Communications Commission has disregarded China's repeated representations and restrained attitude, continuously introducing and escalating restrictive measures, which have seriously damaged China's legitimate trade interests, severely undermined the stability of China-U.S. economic and trade situation, and gravely disrupted the stability of global industrial chain and supply chain. China firmly opposes such practices. Robots and power inverters are both normal international commodities, and all parties including the United States have benefited from related trade. The U.S. side has generalized the concept of national security, ignored the strong appeals of industries from both China and the United States, deployed administrative forces to artificially interfere in normal commercial transactions and trade exchanges between enterprises, and continuously pushed forward "decoupling and chain-breaking". Such a practice harms others without benefiting itself, and is a typical act of market distortion and unilateral bullying. The Chinese side urges the U.S. side to immediately revoke relevant measures and stop wrong practices. If the U.S. side insists on acting arbitrarily, China will firmly take countermeasures to safeguard its own legitimate rights and interests.
Chey Tae-won, Chairman of SK Group, purchased 3,620 shares of SK Hynix
According to the exchange filing on July 30, Chey Tae-won, Chairman of SK Group, bought 3,620 shares of SK Hynix. Calculated at SK Hynix's closing price of 920 US dollars on the day, the total value is about 3.31 million US dollars. (Jiemian News)
HK$125 Million of Assets in One Futu Client's Account Involved in Fraud Case Frozen
On July 30, according to the official website of the Securities and Futures Commission of Hong Kong, the Securities and Futures Commission of Hong Kong issued a restriction notice to Futu Securities International (Hong Kong) Limited (Futu), prohibiting it from handling or disposing of the assets in the client account held by a specific entity, with the maximum limit set at HK$125,247,000. The entity is suspected of participating in a fraud scheme designed to create a false or unauthentic appearance of demand for initial public offering shares. Futu is not the target of the Securities and Futures Commission of Hong Kong's investigation, and this restriction notice will not affect Futu or its other clients.
This restriction notice prohibits Futu from, without obtaining prior written consent from the Securities and Futures Commission of Hong Kong, disposing of or handling any assets in such client accounts in any manner, or assisting, instigating or inducing any other person to dispose of or handle any assets in such client accounts in any manner, within the limit of the amount specified in the notice. If Futu receives any instructions related to the restricted assets, it shall also notify the Securities and Futures Commission of Hong Kong immediately. The Securities and Futures Commission of Hong Kong believes that issuing the relevant restriction notice is in the interests of the investing public and the public interest. The investigation of the Securities and Futures Commission of Hong Kong is still in progress. (Jiemian News)
China Successfully Launches Communication Technology Test Satellites No. 27 A/B
On July 30, China successfully launched the Communication Technology Test Satellites No. 27 A/B with a Long March-6 modified carrier rocket at the Taiyuan Satellite Launch Center. The satellites have smoothly entered the predetermined orbit, and the launch mission achieved full success. The satellites are mainly used for services including satellite communication, radio and television, and data transmission, and will carry out relevant technical test and verification. (CCTV News)
Moonshot AI Restructured into a Joint-Stock Limited Company
36Kr learned from Tianyancha App that Beijing Moonshot AI Technology Co., Ltd. recently completed industrial and commercial registration changes, and its enterprise name was officially changed to Beijing Moonshot AI Technology Co., Ltd. (Joint-Stock). Founded in April 2023, the company has Yang Zhilin as its legal representative, with a registered capital of around 1.524 million RMB. Its business scope covers software development, basic artificial intelligence software development, applied artificial intelligence software development and other related businesses.
Prices of gold jewelry from domestic brands rise collectively
On July 30, the prices of gold jewelry from domestic brands saw a collective increase. Chow Sang Sang's pure gold jewelry is priced at 1,239 yuan per gram, up 18 yuan per day; Lao Miao Gold's pure gold jewelry is priced at 1,236 yuan per gram, up 14 yuan per day; Lao Feng Xiang's pure gold jewelry is priced at 1,239 yuan per gram, up 18 yuan per day. (Jiemian News)
The share price of Eoptolink has experienced sharp fluctuations again, and the company responded that no major changes have taken place in its internal and external operating environment
On July 30, the optical communication sector continued the adjustment trend, and the share price of Eoptolink fluctuated sharply again. It was learned from Eoptolink that the company's production and operation activities are being carried out in an orderly manner at present, no major changes have occurred in its internal and external operating environment, and there are no major matters that should be disclosed but not disclosed. (CNR)
JD Reaches Strategic Cooperation with Qiten Robotics
36Kr has learned from the official announcement of JD Logistics that JD has reached a strategic cooperation agreement with Qiten Robotics, a specialized robot enterprise. The two parties will focus on robotic applications in scenarios including energy and petrochemicals, coal mines, power infrastructure, emergency security and rail transit, to drive the large-scale implementation and popularization of the full product lineup of Qiten Robotics. Qiten Robotics has also established in-depth cooperation with JD Services, which will provide after-sales services for Qiten Robotics.
Qualcomm to raise chip prices from September 1 with a double-digit increase
At Qualcomm's earnings conference call, CEO Cristiano Amon revealed that Qualcomm plans to raise its product prices starting September 1 with a double-digit growth, in a bid to push profit margins back to historical levels. He noted that the price hike is driven by rising costs across the entire industrial chain, rather than being solely affected by the price increase of memory chips. Cristiano Amon said the company will conduct pricing negotiations with each customer one by one, "The phased mismatch between costs and pricing has led to a slight short-term decline in gross margin." (The Financial Associated Press)
Netflix Plans to Spend 200 Million US Dollars to Obtain the Broadcasting Rights of the 2027 FIFA Women's World Cup
On local time July 29, according to people familiar with the matter, Netflix will pay 200 million US dollars to acquire the broadcasting rights of next year's FIFA Women's World Cup. (Jiemian News)
South Korea's stock market has posted a record slump, yet global investors have not entered the market to buy the dip
The record 33% plunge in July has dragged the valuation of the Kospi index down to the lowest level in history, and the South Korean stock market seems to present an obvious bargain-hunting signal. But global investors including Pictet Asset Management, Robeco and Eastspring Investments have not re-entered the market. For them, the exceptionally drastic volatility of South Korean stocks is still too much to bear. The reluctance of these funds to enter the market highlights that volatility has become a distinct feature of the South Korean stock market, which is mainly caused by the fact that market capital is highly concentrated in Samsung Electronics and SK Hynix, as well as the leveraged ETFs linked to the two stocks. During the bull market, the market turned a blind eye to this risk; now, investors are demanding a higher margin of safety before they are willing to increase their holdings. (Sina Finance)
U.S. House Energy Committee Requests Tour of xAI Data Centers to Probe Pollution Issues
The top Democrat on the U.S. House Energy and Commerce Committee has written to Elon Musk, CEO of SpaceX, requesting access to xAI's data centers and power stations in and around Memphis, Tennessee. In the letter to Musk dated July 29, Democratic Representative Frank Pallone from New Jersey wrote, "The American public is deeply concerned about what kind of impacts the massive expansion of artificial intelligence driven by data centers and tech giants will bring to communities, jobs, property values and long-term development. Soaring electricity prices, overstretched power grids, polluted clean air and water, and constant noise are undermining residents' health and wearing out the public's patience." (Sina Finance)
OpenAI CEO Sam Altman will meet with White House Chief of Staff this week as the AI framework deadline approaches
Sam Altman, CEO of OpenAI, told the media on July 29 that he has reviewed the proposed framework for implementing President Trump's executive order on artificial intelligence, and will meet with White House Chief of Staff Susie Wiles during his visit to Washington this week. Since Trump signed the long-awaited AI executive order in June, the current administration has taken a more active role in AI regulation. The order requires AI companies to voluntarily provide their models to the government for capability assessment before full public release, with few specific detailed provisions. Trump gave federal agencies 60 days to formulate a framework to carry out these assessments. Altman's trip to Washington coincides with the fast-approaching deadline of August 1. He is not the only tech company executive meeting with members of Congress this week. Jensen Huang, CEO of NVIDIA, is also on Capitol Hill to discuss open models and "America's leadership in the AI field." (Sina Finance)
Tesla's 10 millionth electric vehicle globally rolls off the production line
36Kr has learned that Tesla has announced that its 10 millionth electric vehicle worldwide has officially rolled off the assembly line.
South Korean telecom company fined 53.9 billion won over data breach incident
South Korea's privacy watchdog said on July 30 that it has imposed a fine of 53.9 billion won (about 37.4 million US dollars) on wireless carrier KT Corporation over a major data breach incident that affected more than 16,000 users. The Personal Information Protection Commission of South Korea also ordered KT to take corrective measures against the intrusion into the company's wireless network via unauthorized mobile base stations. (Sina Finance)
Major Japanese semiconductor hub hit by strong earthquake, multiple semiconductor manufacturers affected by the quake in Japan
At around 16:27 local time on July 28 (15:27 Beijing time), a 7.1-magnitude earthquake struck Kumamoto Prefecture, Japan, where the maximum seismic intensity of 7 (the highest level on Japan's seismic intensity scale) was observed. Kumamoto Prefecture is a core semiconductor hub in Japan, gathering a large number of enterprises across the semiconductor industrial chain including wafer fabs, equipment companies, materials and component manufacturers. In addition to TSMC's Kumamoto plant and Sony's CMOS image sensor production base, Tokyo Electron, Renesas Electronics, Panasonic Holdings, Mitsubishi Electric and other enterprises have all set up their factories here. According to comprehensive reports from Japanese media and official company announcements, a number of manufacturers have been affected. (Red Star Capital Bureau)
Porsche Responds to 32% Decline in Chinese Market, Sticking to the Principle of "Value Precedes Sales Volume" in the Chinese Market
On July 29, Porsche released its financial results for the first half of 2026. During the reporting period, its sales revenue dropped from 18.157 billion euros in the same period of the previous year to 17.229 billion euros, marking a year-on-year decline of 5.11%. Its operating profit increased from 1.007 billion euros to 1.348 billion euros, up 33.9% year on year, and the return on sales reached 7.8%, compared with 5.5% in the same period last year. It is worth noting that in the first half of this year, Porsche delivered approximately 14,500 vehicles in China, representing a year-on-year drop of 31.93%.
"The overall environment of the Chinese market is still under pressure, and the competition in the luxury car segment is particularly fierce. Porsche has always adhered to the business strategy of putting value before sales volume in this market." Porsche analyzed that it has no local factories in China and no constraints on local production capacity, so it can flexibly adjust its European production capacity and production plans, and this layout has become an advantage at the present stage. (National Business Daily)
Samsung Electronics: HBM4 sales in the third quarter are expected to increase by more than 200% quarter-on-quarter
Samsung Electronics forecast on July 30 that its sales of the 6th-generation high-bandwidth memory (HBM4) in the third quarter will increase by more than 200% quarter-on-quarter, and HBM4 sales will account for more than 60% of the total HBM sales in the second half of the year. Samsung stated that it will raise its global market share of HBM in the second half of the year to a level comparable to that of Synchronous Dynamic Random Access Memory (DRAM). In the first quarter of this year, Samsung Electronics' global DRAM market share reached 38%. (Sina Finance)
Oracle and Google Expand Partnership
Oracle and Google have expanded their partnership, and Oracle will launch enterprise applications of Google's Gemini model. (CLS)
Amazon's Zoox Granted Temporary Exemption by US Regulator, Allowing Commercial Deployment of Up to 5,000 Autonomous Taxis
The National Highway Traffic Safety Administration (NHTSA) announced on July 30 that it has granted a temporary exemption to Zoox, the self-driving company under Amazon, allowing it to commercially deploy up to 2,500 autonomous taxis per year within two years, on the premise that it must abide by a set of "enhanced and flexible regulatory framework that can be adjusted correspondingly as Zoox's technology advances". (Jiemian News)
US Q2 initial real GDP annualized quarterly rate rises by 1.5%
The initial value of the US real GDP annualized quarterly rate for the second quarter rose by 1.5%, while the final value for the first quarter rose by 2.1%. (Jiemian News)
IPO in Progress
China Securities Regulatory Commission Approves Shengu Group's IPO Registration on the Shanghai Stock Exchange Main Board
36Kr has learned that the China Securities Regulatory Commission has approved the registration application of Shengu Group Co., Ltd. for its initial public offering of shares and listing on the Main Board of the Shanghai Stock Exchange.
Garnering a valuation of 8 billion US dollars, Blackstone is pushing sandwich chain Jersey Mike's to sprint for its IPO
Early last year, Blackstone acquired a majority stake in Jersey Mike's Subs by investing about 6 billion US dollars and assuming related debts. Now 18 months later, Jersey Mike's short experience as a private-held unlisted company is coming to an end. The company is scheduled to land on the New York Stock Exchange on July 30, with an estimated valuation of around 8 billion US dollars. In this offering, the company and existing investors will sell up to 1.09 billion US dollars of shares, which will make it one of the largest IPOs in the U.S. catering industry in recent years. (Sina Finance)
Large Corporations' Earnings Releases
Apple: Revenue for the third quarter reached 109.417 billion USD, up 16.4% year on year
36Kr learned that Apple released its financial report for the third quarter of fiscal 2026. The company posted revenue of 109.417 billion USD in this quarter, growing 16.4% year on year; its net profit reached 29.789 billion USD, representing a 27.1% year-on-year increase.
BMW Group's pre-tax profit in the first half of the year reached 4.045 billion euros
36Kr learned that the financial data released by BMW Group on July 30 shows that in the first half of 2026, BMW Group posted a pre-tax profit of 4.045 billion euros, with a pre-tax profit margin of 6.5%. BMW Group delivered a total of 1,156,727 vehicles of BMW, MINI and Rolls-Royce brands to customers around the world, and achieved growth in the European and American markets (Europe: up 5.4%; United States: up 3.9%).
Adidas' second-quarter operating profit fell short of estimates
On July 30, Adidas announced that its second-quarter revenue reached 6.7 billion euros, up 14% excluding exchange rate impacts, beating the estimated 6.58 billion euros; its second-quarter operating profit increased by 5% to 574 million euros, lower than the estimated 615.6 million euros. (Jiemian News)
Qualcomm's third-quarter revenue is 9.947 billion US dollars, down 4% year on year
On July 30, Qualcomm announced that its third-quarter revenue reached 9.947 billion US dollars, down 4% year on year; the adjusted earnings per share was 2.21 US dollars, down 20% year on year. The company expects its fourth-quarter revenue to range from 9.7 billion to 10.5 billion US dollars, and the adjusted fourth-quarter earnings per share to be between 2.05 and 2.25 US dollars. (Jiemian News)
Samsung Electronics' second-quarter revenue hits 171.50 trillion Korean won
Samsung Electronics recorded 171.50 trillion Korean won in revenue and 89.49 trillion Korean won in operating profit in the second quarter. Its net profit in the second quarter reached 71.27 trillion Korean won, while the market estimate was 68.36 trillion Korean won. (Cailian Press)
LG Energy Solution's revenue in the first half of the year reached 14.1 trillion won, a year-on-year increase of 10.5%
On July 30, LG Energy Solution released its 2026 second-quarter performance report: the consolidated revenue reached 7.6 trillion won, up 15.3% quarter on quarter; the operating profit was 113.3 billion won, with an operating profit margin of 1.5%. In the first half of 2026, the company's total revenue amounted to 14.1 trillion won, a year-on-year increase of 10.5%. Among them, the revenue of the energy storage business increased by 4.6 times year on year, the value of newly signed orders exceeded 3 trillion won, accounting for more than 20% of the total revenue. (Jiemian News)
Renault Group's revenue in the first half of the year reached 30.3 billion euros, a year-on-year increase of 9.5%
On July 30, Renault Group announced that its revenue in the first half of 2026 reached 30.3 billion euros, up 9.5% year on year, with a 10.3% increase calculated at constant exchange rates; its net profit hit 700 million euros; the free cash flow of its automotive business reached 653 million euros. Renault Group confirmed its 2026 financial expectations: the group's operating margin will be approximately 5.5% of the group's revenue, and the free cash flow of its automotive business will be around 1 billion euros. (Jiemian News)
VF Corporation: Revenue for the first quarter of Fiscal Year 2027 was USD 1.669 billion, representing a 1% year-on-year increase
36Kr has learned that VF Corporation recently released its earnings report for the first quarter of Fiscal Year 2027 (ended June 27, 2026), and raised its full-year revenue outlook (all figures below have excluded the Dickies business). The company recorded revenue of USD 1.669 billion, up 1% year on year (flat year on year at constant currency). Specifically, the performance in the Greater China region rose 6% year on year (up 1% at constant currency), which acted as the core driving force behind the group's 2% overall business growth in the Asia-Pacific region (down 1% at constant currency). The group's global direct-to-consumer (DTC) business increased by 6% year on year (up 5% at constant currency).
Shell's adjusted profit in the second quarter was 9.84 billion US dollars
On July 30, Shell released its 2026 second-quarter performance announcement. The company's revenue in the second quarter was 94.66 billion US dollars, versus the estimated 83.61 billion US dollars; the adjusted profit was 9.84 billion US dollars, versus the estimated 8.68 billion US dollars; the adjusted earnings per share was 1.76 US dollars, versus the estimated 1.55 US dollars. Shell expects its adjusted earnings in the third quarter of 2026 to record a net expenditure of approximately 500 million to 700 million US dollars, and the full-year cash capital expenditure in 2026 will reach 24 billion to 26 billion US dollars. (Jiemian News)
Dongpeng Beverage: Net profit in the first half of the year increased by 20.72% year-on-year, proposing a cash dividend of RMB 30 per 10 shares
36Kr learned that Dongpeng Beverage disclosed its semi-annual report. In the first half of 2026, the company achieved an operating revenue of RMB 12.443 billion, a year-on-year increase of 15.89%; the net profit attributable to shareholders of the listed company was RMB 2.867 billion, up 20.72% year on year; the basic earnings per share was RMB 3.9949. The company plans to distribute a cash dividend of RMB 30 (tax included) for every 10 shares.
Dongxing Securities: Net profit in the first half of the year reached 10.25 billion yuan, rising 25.13% year on year
36Kr learned that Dongxing Securities disclosed its semi-annual report. In the first half of 2026, the company realized an operating revenue of 25.06 billion yuan, a year-on-year increase of 11.4%; the net profit attributable to shareholders of the parent company was 10.25 billion yuan, up 25.13% year on year; the basic earnings per share was 0.306 yuan.
CAS Intelligence: Net profit increased by 22.14% year-on-year in the first half of the year
36Kr learned that CAS Intelligence released its semi-annual report. In the first half of 2026, the company achieved an operating revenue of 1.553 billion yuan, with a year-on-year growth of 15.95%; the net profit attributable to shareholders of the listed company reached 93.8099 million yuan, rising 22.14% year on year; the basic earnings per share was 0.12 yuan.
L'Oréal Group's H1 sales hit 23.77 billion euros, up 6.8% year on year
On July 30, L'Oréal Group released its 2026 half-year financial results: total sales reached 23.77 billion euros, representing a 6.8% year-on-year growth, 5.8% consolidated growth, and 6.5% adjusted year-on-year growth; gross margin increased by 10 basis points to 74.8%; operating profit margin rose by 20 basis points to 21.3%; net profit excluding non-recurring items stood at 3.9596 billion euros, up 4.7% year on year. (Jiemian News)
Investment and Financing
"Tiiny AI" Completes Tens of Millions of US Dollars in Angel Round Financing
36Kr learned that, according to BV Baidu Ventures, Personal Agent OS company "Tiiny AI" announced that it has completed a series of angel round financing of tens of millions of US dollars. This round of financing is jointly participated by Shunwei Capital, Matrix Partners China, Jinqiu Fund, Yunqi Partners, Gobi-Alibaba Hong Kong Entrepreneur Fund, BV Baidu Ventures, and Lighthouse Founders' Fund. After this round of financing, Tiiny will accelerate the global delivery of Tiiny AI Pocket and the multi-terminal deployment of TiinyOS.
Cool Products
Oak Deer Robotics and Haier Robotics Reach Strategic Cooperation
36Kr learned that on July 29, Oak Deer Robotics announced that it has reached a strategic cooperation with Haier Robotics. The two sides will focus on the Chinese cooking ecosystem and AI technical capabilities to jointly develop fully automatic household AI cooking robots, realizing hands-free operation throughout the entire process from automatic ingredient feeding to intelligent stir-frying. The cooperation achievements, Oak Deer's self-developed multi-modal AI cooking base, and the embodied cooking robot "Fresh Cooking Ark" will be officially unveiled at the World Robot Conference (WRC) in August.
People of our age who said goodbye to the world ahead of time
As we grow up, we gradually come to realize that death is no longer a thing that only belongs to the older generation and ages far away from us. Some of our peers, who were supposed to step into adulthood, strive for a living and grow old together, stopped in their twenties or thirties and failed to live out the rest of their lives.
The Zhongyuan Festival is approaching, and we want to collect all the fragmented, real and lingering memories you have about the passing of your peers. If you are willing, can you introduce him or her to us? What stories did you share? Do you still remember the last time you met? All the regret, astonishment and longing can be fully expressed here. You are welcome to scan the QR code below to participate in our solicitation.
Scan the QR code to participate in the solicitation
Compiled｜Putao