8:1 Kr | Zong Fuli's half-brother has been appointed chairman of the new company; DeepSeek has risen to the first place in the global call volume ranking; iPhone is reportedly expected to have a maximum price increase of more than 1,000 yuan.

Today's Hot News Overview

OpenAI's next-generation model Astra has been exposed, which solved ten mathematical problems with a computing power cost of 2000 US dollars

The ruling of Jiangxiaobai v. East Buy has been announced: East Buy was found guilty of commercial defamation and ordered to pay 300,000 yuan in compensation

It is revealed that the price of iPhone may rise by more than 1000 yuan at most, and the foldable iPhone will be priced at no less than 2000 US dollars

Random inspections of bullfrogs on multiple platforms found excessive antibiotic residues, and prohibited veterinary drugs were detected in some samples

Wang Sicong has stepped down as the director of Wanda Industrial Investment Co., Ltd.

TOP3 Major News

Zong Fuli's half-brother serves as the chairman of the new company, with Du Jianying as the actual controller

Tianyancha shows that Hangzhou Tianqi Youpin Food Co., Ltd. was established on July 31, with a registered capital of 3 million yuan. Its business scope covers online sales, food import and export, food sales and other related businesses. The company is jointly held by Zhejiang Sanjie Investment Management Co., Ltd. and Bairuiyuan Lycium Co., Ltd. Equity penetration results show that Du Jianying is the actual controller of the company, and Zong Jichang acts as the chairman, manager and legal representative of the company.

In July 2025, Zong Jichang, Zong Jieli and Zong Jisheng filed a lawsuit against Zong Fuli. The three plaintiffs were confirmed by lawyers to be Zong Fuli's "half-siblings", who sought to prevent Zong Fuli from disposing of assets in HSBC accounts, and claim the USD 2.1 billion trust interests promised by their father Zong Qinghou during his lifetime. (National Business Daily, JRJ)

The United States imposes sanctions on Chinese enterprises such as Qiaqia Sunflower Seeds and Synear Dumplings

The relevant working group led by the U.S. Department of Homeland Security has updated the import restriction list for Chinese enterprises, which will take effect on August 3 local time in the United States. A number of Chinese enterprises including Qiaqia Foods, Synear Foods, Septwolves and others have been included in the restriction scope, and import restrictions will be imposed on the entry of their related products into the U.S. market. This means that Chinese foods such as sunflower seeds, dumplings and glutinous rice balls that used to appear on the dining tables of American consumers, as well as Chinese clothing brands that have been in the global market for many years, are facing higher trade access thresholds. (Xinhua News Agency)

DeepSeek-V4-Flash Tops the Global Call Volume Ranking at No.1

Calculated by National Business Daily based on the latest data from OpenRouter, the total global call volume of AI large models in last week (July 27 to August 2) reached 56.8 trillion Tokens, down 2.07% week on week. Among the listed AI large models, the weekly call volume of Chinese AI large models hit 28.13 trillion Tokens, down 14.76% week on week; in the same period, the weekly call volume of US AI large models stood at 4.38 trillion Tokens, up 87.18% week on week. The weekly call volume of Chinese large models has surpassed that of the United States for 14 consecutive weeks, firmly taking the leading position worldwide.

Last week, the top 5 models in the global call volume ranking were all Chinese AI large models. Specifically, DeepSeek-V4-Flash climbed to the first place with a weekly call volume of 7.22 trillion Tokens, marking a 13% week-on-month increase; Xiaomi MiMo-V2.5 ranked second, with a weekly call volume of 6.3 trillion Tokens, down 40% week on week; Tencent Hy3 took the third place, with a weekly call volume of 4.82 trillion Tokens, up 22% week on week; DeepSeek-V4-Pro rose to the fourth place, with a weekly call volume of 3.28 trillion Tokens, up 3% week on week; Zhipu GLM-5.2 ranked fifth, with a weekly call volume of 2.89 trillion Tokens, down 12% week on week. (National Business Daily)

AI Frontier

OpenAI's next-generation model Astra unveiled, cracking ten mathematical challenges at a computing cost of 2,000 US dollars

OpenAI announced ten breakthroughs in mathematics and theoretical computer science on August 1 local time, and these achievements were realized by the internal version of its next major model Astra. Calculated at the rate of Sol API, the total token cost required to find solutions to these problems is about 2,000 US dollars. The ten breakthroughs cover the upper limit of high-dimensional sphere packing density, the improvement of binary and spherical code bounds, the proof of the existence of non-purely simple groups, the refutation of the Kneser rigidity conjecture, the new lower bound of arithmetic circuit complexity, the quantum parallel repetition theorem, the proof of the polynomial factor approximation hardness of the closest vector problem, the Ehrhart volume conjecture, the super-exponential lower bound of multicolor Ramsey numbers, and the extremal number conjecture, etc. (Jiemian News)

MiniMax H3 is officially open-sourced

36Kr has learned that MiniMax has officially open-sourced its new-generation general video model MiniMax H3. MiniMax H3 is a general-purpose full-modal generative system. It can uniformly understand the multi-modal context composed of text, images, video and audio, and can generate videos with a maximum 2K resolution, a maximum duration of 15 seconds and native stereo audio.

The official release of DeepSeek-V4-Flash API has been launched on the National Supercomputing Internet

36Kr has learned that the official version of DeepSeek-V4-Flash API has recently opened public beta access to all users, and the National Supercomputing Internet has synchronously launched the DeepSeek-V4-Flash model API invocation and download services at the first time.

Alibaba Officially Unveils New-Generation Foundation Large Model Qwen3.8 With a Total of 2.4 Trillion Parameters

36Kr learned that on August 3, Alibaba officially released its new-generation foundation large model Qwen3.8, which has a total parameter count of 2.4 trillion, with greatly improved capabilities in Coding and professional office (Cowork) scenarios. In the third-party Arena ranking released on August 3, Alibaba's Qwen model is second only to Anthropic's Claude series. At present, the API of Qwen3.8 has been launched on the Tongyi AI platform, and integrated with the "Tongyi Office" Agent product launched by Alibaba on the same day. Qwen3.8-Max is expected to be open-sourced next week, and Qwen3.8-27B will also be open-sourced at the same time.

Big Companies / Major Events

OpenAI's official store starts selling ChatGPT basketball, which is currently out of stock

Previously, OpenAI announced the launch of its first co-branded hardware CodexMicro keyboard. In addition to hardware peripherals, OpenAI's official store has also put a series of souvenir peripherals on shelves, including ChatGPT basketball, Codex T-shirts and other products.

It is worth noting that all these products belong to the "SupplyCo." category. According to the official, SupplyCo. was originally just a small batch of peripheral products made for employees, but it quickly became popular almost immediately after launch. At some point, these items are no longer simple peripheral products, but have gradually become physical symbols of the company's culture. The reporter's search found that many products in OpenAI's official store, including the ChatGPT basketball and Codex T-shirts, are shown as out of stock. (Oriental Finance)

ChatGPT Basketball

Ruling of Jiang Xiaobai's lawsuit against East Buy announced: East Buy is deemed to have committed commercial defamation and ordered to pay 300,000 yuan in compensation

On August 3, 2026, the Supreme People's Court released typical cases on regulating platform operation in accordance with the law and protecting the legitimate rights and interests of consumers, in which the judgment result of the case that Jiang Xiaobai sued East Buy two years ago was disclosed for the first time.

In July 2024, remarks related to Baijiu made by East Buy's live stream host "Tian Quan" during a live broadcast aroused widespread public attention. The relevant statements included "If you check the packaging of Jiang Xiaobai now, there is no word 'Baijiu' on it, because it is not allowed", "Jiangjin Xiaoqu does not have this label (small gold label), because it is not produced by solid-state distillation, so it cannot be counted as solid-state (fermented) Baijiu", and so on. In response, Jiang Xiaobai issued a statement pointing out that the remarks misled consumers and discredited the Jiang Xiaobai brand, filed complaints with the relevant competent departments before initiating the lawsuit.

The court finally confirmed that Youxuan (Beijing) Co., Ltd. constituted commercial defamation, and ordered it to compensate Chongqing Wine Industry Co., Ltd. for a total of 300,000 yuan of economic losses and reasonable expenses. Neither of the two parties appealed after the first instance judgment was pronounced. (JIEMIAN NEWS)

iPhone Reportedly May See a Maximum Price Hike of More Than 1,000 Yuan, Foldable-screen iPhone Will Be Sold at a Starting Price of No Less Than 2,000 USD

Mark Gurman, the well-known Apple-focused journalist at Bloomberg, wrote in an article on August 2 that iPhones are expected to raise prices by 100 to 200 US dollars (equivalent to around 675 to 1,350 RMB).

When answering questions from netizens, Gurman said that Apple will definitely raise prices this year for a variety of reasons. First of all, the company is facing shortages of memory chips and main device processors. In addition, the brand-new camera system adopted by iPhone 18 Pro and Pro Max also has higher costs, not to mention the more expensive design of the first foldable iPhone. As for the foldable-screen iPhone, Gurman suggested users get mentally prepared that its starting price will reach at least 2,000 US dollars, or even higher. (National Business Daily)

Leveraged ETFs spark controversy over market volatility, senior official at South Korean presidential office faces criminal charges

According to reports, Kim Yong-beom, Director of the Policy Office of South Korea's Presidential Office, is accused of abusing his power, coercion and obstructing business for allegedly pushing for the listing of leveraged ETFs linked to a single semiconductor stock, and relevant criminal reports have been officially submitted. These single-stock leveraged ETFs are believed to have exacerbated market volatility and caused investors to lose billions of dollars. (Sina Finance)

Random inspections of bullfrogs across multiple platforms found excessive antibiotics, and banned veterinary drugs were detected in some samples

Recently, The Paper's Shadow Investigation Team, in cooperation with the public welfare organization Shanghai Wisteria Community Environmental Service Center (Nature Field), tested bullfrog products on multiple e-commerce platforms. It was found that multiple batches of samples had excessive antibiotics, with the highest level exceeding the standard by more than 5 times, and some samples even detected the banned veterinary drug furazolidone. The investigation found that production plants, at the request of sellers, purchase and process large quantities of "conventional" bullfrogs (editor's note: referring to bullfrogs that are not tested or contain antibiotics), while providing sellers with "antibiotic-free" bullfrog samples for inspection. Sellers then sell these so-called "conventional" bullfrogs to markets, restaurants and other locations across the country. (The Paper)

The three major U.S. stock indexes closed higher collectively, with large-cap tech stocks broadly rising

36Kr learned that as of the close on August 3, the three major U.S. stock indexes all posted gains: the Nasdaq rose 2.13%, the S&P 500 index climbed 1.48%, and the Dow Jones Industrial Average gained 1.32%. Large-cap technology stocks generally went up: Meta surged more than 6%, Microsoft, Amazon and Google rose over 4%, Tesla increased by more than 3%, and Nvidia gained over 2%. Popular Chinese concept stocks were mixed: XPeng Inc. fell more than 4%, Li Auto dropped over 3%, NIO and NetEase declined more than 1%, while Alibaba rose over 4%, iQiyi gained more than 3%, Pinduoduo and Baidu climbed over 1%, and JD.com and Bilibili posted modest gains.

Electric vehicles with 3-year service life see concentrated battery failure complaints, car owners report that replacing the battery of a 50,000-yuan old car costs 90,000 yuan

Recently, journalists sorted out the complaint data from CarQuality.cn and found that the number of complaints related to power batteries has reached 45,900. As of the end of July this year, complaints about battery failures of some electric vehicles have continued to rise. A large number of such vehicles were purchased between 2022 and 2023, and after around 3 years of use, problems including obvious range attenuation, battery bulging and leakage, and even sudden vehicle stalling have emerged. What troubles car owners even more is that after taking their vehicles to 4S shops for inspection, they are told that the battery health is normal and does not meet the criteria for free repair or replacement. Some car owners also reflected that the replaced battery is not the brand-new one promised during communication, which has triggered new after-sales disputes.

According to recently public complaints, most of the vehicles with power battery failures were purchased from 2022 to 2023. Now these vehicles have a service life of about 3 years, with a cumulative mileage ranging from 150,000 km to 250,000 km, and some operating vehicles even have a mileage of over 200,000 km. One car owner complained on CarQuality.cn that the vehicle was purchased for less than 3 years when the battery pack malfunctioned and the vehicle failed to start. The 4S shop required him to replace the battery pack at his own expense on the grounds that the vehicle had exceeded the warranty period, with the maintenance cost as high as 70,000 to 90,000 yuan, while the residual value of the vehicle was only 40,000 to 50,000 yuan. (China Times)

PCB star stock's performance surges 1562%, total share price increase exceeds 400% in two years

Fastprint Technology released its 2026 semi-annual report on the evening of August 2, posting operating revenue of 709 million yuan, up 41.63% year on year; net profit attributable to shareholders of the listed company reached 63.8293 million yuan, up 1561.55% year on year.

The substantial growth of profit indicators is mainly attributed to the fact that the PCB board factory of Zhuhai Fastprint Electronics, the IPO fund-raised project of Zhuhai Fastprint Technology and the PCBA factory of Tianjin Fastprint Electronics, which the company has invested and put into operation in recent years, have gone through the initial ramping-up stage and entered a new phase of development with strong order growth momentum. The three factories have basically passed the monthly break-even point, gradually started to contribute profits, and shown a trend of improving month by month.

Fastprint Technology used to be a high-flying star stock. Wind data shows that from February 8, 2024 to July 1, 2026, the cumulative increase of the stock price exceeded 400%. Since July 2, the stock price has continued to pull back. Wind data shows that from July 2 to July 31, the cumulative decline of the stock price exceeded 35%. (China Securities Journal)

Wang Sicong Steps Down as Director of Wanda Industrial Investment Co., Ltd.

36Kr has learned that according to the Tianyancha App, Wanda Industrial Investment Co., Ltd. recently saw a senior executive change, where Wang Sicong stepped down from his post as the company's director. Founded in January 2021, the company has Wang Jianlin as its legal representative, with a registered capital of 100 million RMB. Its business scope includes investment activities with self-owned funds, venture capital and other related operations.

The transparency rules of the EU Artificial Intelligence Act officially enter into force

The core transparency provisions of the EU Artificial Intelligence Act have officially taken effect, marking that the world's first comprehensive law regulating artificial intelligence has entered the substantive implementation stage. According to the new regulations, interactive systems such as chatbots must clearly inform users that they are interacting with artificial intelligence rather than humans; images, videos, audio and text content generated or modified by AI must be clearly labeled and accompanied by machine-readable digital markers. (Sina Finance)

Australia raises the tax rate on tech giants that fail to reach news cooperation agreements with local media

The Australian government has raised a proposed levy that will force tech giants to pay millions of dollars if they fail to reach commercial agreements with local media for news content on their platforms. The government stated on Monday that it has increased the tax rate of its planned "News Negotiation Incentive Program" from 2.25% to 2.5%. The government noted that compared with the previous proposal, this levy will be calculated solely based on the advertising revenue of tech companies, rather than their total business revenue. This tax applies to companies that operate "significant" social media or search services in Australia and generate local revenue of more than 250 million Australian dollars (175.7 million U.S. dollars), covering Meta, Google and other relevant enterprises. In addition, the exemption clause for professional social networking sites has been cancelled, so LinkedIn is also brought into the regulatory scope. The government said all funds raised will be used for the news media industry to support local journalism. (Sina Finance)

Countdown Starts for the Game Industry's Blockbuster Acquisition: Gaming Development Giant EA Is About to Officially Change Ownership to a Saudi Consortium

According to a document released by the European Commission last Friday, the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, and an investor consortium have obtained EU approval to acquire global video game development giant Electronic Arts (EA) for 55 billion US dollars in accordance with the EU's foreign subsidy regulations. In another regulatory document submitted last Thursday, EA confirmed that it had obtained all necessary regulatory approvals as of July 30, and the transaction is expected to be completed on August 4. (Sina Finance)

Insiders Respond to Hong Kong IPO Rumors: The Information Is Not True

36Kr learned that on August 3, some reports claimed that Moonshot AI plans to submit its Hong Kong IPO application as early as this month, with a planned fundraising of about 3 billion US dollars. In response, an insider said that this information is not true. (National Business Daily)

China-led international blockchain standard is approved for project establishment at the International Organization for Standardization (ISO)

Reporters learned on August 3 that the international standard *Blockchain and Distributed Ledger Technologies: Technical Framework and Functional Requirements for Blockchain as a Service* led by China was recently successfully approved as a formal project by the International Organization for Standardization. Representatives from Germany, the United Kingdom, Ireland, Japan, Portugal, Uganda and other countries will participate in its formulation. Blockchain as a Service is one of the most widely applied commercial blockchain service models, with advantages including low entry threshold, controllable cost, flexibility and scalability, and has become the mainstream choice for enterprises around the world to explore the application of blockchain technology. According to statistics from industry research institutions, there are more than 100,000 blockchain application projects built based on Blockchain as a Service, covering fields such as supply chain finance, product traceability and digital evidence preservation. (CCTV News)

Average position of stock private funds hits a new high in more than 4 years

The reporter learned exclusively from third-party institution Private Equity PaiPaiWang on August 3 that since June 26, domestic stock private funds have maintained a position-increasing trend for 4 consecutive weeks, with the average position rising by a total of 2.12 percentage points. As of July 24, the average position of stock private funds has climbed to 84.12%, a slight increase of 0.02 percentage point compared with the previous week. This figure not only continues the steady upward trend, but also means that the average position on July 24 has hit a new high in more than 4 years. Looking back at history, the last time the average position of stock private funds was higher than 84.12% dates back to April 1, 2022, when the average position of stock private funds was 84.30%, slightly higher than the current level. (China Securities Journal)

Beijing distributes 20 million yuan in movie-watching subsidies

The 38th Hundred Flowers Awards for Popular Films will be inaugurated soon. The "2026 Beijing Midsummer Movie Carnival", a supporting event for the Hundred Flowers Awards, was launched in Beijing last night. Taking this opportunity, Beijing will roll out a total of 20 million yuan in movie-watching subsidies. As the "2026 Beijing Midsummer Movie Carnival" kicks off, a number of highlight measures were released on site. Beijing will hold 53 open-air screenings at 12 core venues including Solana, Shougang Park, and the west bank of Tongzhou Grand Canal, add extra late-night screening sessions, and set up more than 3,000 public welfare screening sites across the city. In addition, Beijing will further deepen the "Movie+" themed series of brands that cover activities such as traveling around Beijing with the guidance of movies, tasting local food, visiting markets, and viewing exhibitions, cooperate with more than 40 business districts and over 1,100 merchants across the city to upgrade the ticket stub economy, so as to fully stimulate the summer consumption vitality. (CCTV Finance)

The world's "most popular" storage ETF includes Changxin Technology as its 8th largest heavyweight holding

At the end of July, Roundhill Memory ETF (DRAM), the world's "most popular" memory ETF, adjusted its positions and once again included A-share listed company Changxin Technology (688825) with a weight of 2.52%, making it the 8th largest heavyweight holding of the ETF. GigaDevice dropped to the 10th largest heavyweight holding of the ETF with a weight of 1.51%. GigaDevice was first included in June, with a weight of 2.91% at that time.

Roundhill Memory ETF focuses on memory chip enterprises. As of August 2, the top three holdings of the ETF are Samsung Electronics, Micron Technology and SK Hynix, with weights of 26.39%, 24.54% and 22.77% respectively. Other major holdings include Seagate Technology, Western Digital, SanDisk, Kioxia and Nanya Technology. (CLS)

Canada's second-largest airline WestJet stages a strike, forcing 250,000 passengers to cancel their travel itineraries

The flight attendants of WestJet, the second largest airline in Canada, launched a strike on local Sunday, with the trigger being the labor dispute over remuneration. The Canadian Union of Public Employees, which represents 4,400 cabin crew members of the airline, announced the strike on its official Facebook page. WestJet confirmed that the strike has started. Data from the flight tracking platform FlightAware shows that the airline directly cancelled 495 flights on local Sunday. At the peak of travel for Canada's three-day long weekend, this strike has severely disrupted the national travel order. WestJet stated that this strike has forced 250,000 passengers to cancel their trips. (Sina Finance)

Trump Media Group Launches High-Priced Paid Data Service, Sparking Market Doubts and Regulatory Controversies

Trump Media & Technology Group has recently officially launched "Truth API", an enterprise-level data interface service that sells real-time data subscription access to specific accounts on its social platform Truth Social to financial institutions and professional investors. As the service allows paying users to obtain posts from key accounts including U.S. President Donald Trump in advance, with an estimated monthly subscription fee as high as tens of thousands of U.S. dollars, it immediately sparked strong doubts over insider trading, market unfairness and conflicts of interest between politics and business on Wall Street, in academic circles and legal circles. It is understood that the data interface service was opened to institutional customers on August 1 local time. (Sina Finance)

Li Qiang signed the State Council Decree to promulgate the revised Regulations on the Protection of Layout-Designs of Integrated Circuits

Li Qiang, Premier of the State Council, recently signed the State Council Decree to promulgate the revised Regulations on the Protection of Layout-Designs of Integrated Circuits, which will come into force on October 15, 2026. (Xinhua News Agency)

Xingyun Technology: The scale of 3-5 year long-term framework orders for in-hand computing power and storage exceeds 15.4 billion yuan

36Kr learned that Xingyun Technology stated during institutional research that as of the end of July 2026, the company's 3-5 year long-term framework orders for in-hand computing power and storage have exceeded 15.404 billion yuan, and its cooperative customers cover leading central SOE listed companies and leading large model R&D institutions, etc. In terms of capital, the company has obtained a total of 18.024 billion yuan in comprehensive credit lines, with 10.264 billion yuan of approved credit lines. Sufficient capital reserves can fully cover the demand for the fulfillment of tens of billions of orders and the continuous expansion of computing power production capacity.

Douyin Life Services' growth exceeds expectations, raising its full-year GMV target mid-year

36Kr exclusively learned that benefiting from the synergy effect with UGC content on the main app, the traffic of local life short videos and search has grown beyond expectations, driving the transaction volume of Douyin Life Services in the first half of 2026 to increase by more than 50% year-on-year and overfulfil the established target. The platform has raised its full-year transaction volume target at mid-year. The standalone App "Dou Shengsheng" has become another key incremental source. Today, Dou Shengsheng launched the "Store Finder" entrance to further enhance user stickiness and users' awareness of finding stores on the platform. Through the two-wheel drive of "product search + store search", it forms more synergy with the main Douyin app. At present, the number of daily active users of Dou Shengsheng has exceeded 15 million, and users' awareness of the local life service entrance continues to increase.

Ant Lingbo Confirms Financing Rumor: It Will Continue to Focus on General-Purpose Robot Brains and Accelerate Industrial Implementation

36Kr has learned that Ant Lingbo has launched its first round of financing, with a planned fundraising of 1.5 billion yuan, and aims to complete the second round of financing by the end of this year. In response, Ant Lingbo stated: We are indeed in contact with investors. As Ant Group's core layout in the embodied intelligence field, Ant Lingbo will continue to focus on general-purpose robot brains, increase investment in the embodied native technology route, and accelerate industrial implementation.

South Korea's central bank increases its gold holdings for the first time in 13 years

The Bank of Korea has restarted gold investment through exchange-traded funds (ETFs), marking its first gold purchase in 13 years. The central bank also plans to expand the acquisition channels for domestically produced gold to continuously increase its physical gold holdings in the medium and long term. According to data from the Bank of Korea, as of the end of June this year, South Korea's foreign exchange reserves reached 427.36 billion US dollars, of which the value of gold reserves stood at 4.79 billion US dollars, accounting for 1.1%. All 104.4 tons of gold held by the Bank of Korea are stored at the Bank of England. The Bank of Korea purchased 90 tons of gold from 2011 to 2013, and did not add any new gold positions for the subsequent 13 years. (Sina Finance)

Large Corporations' Financial Reports

WuXi AppTec: Net profit for the first half of the year reached 11.08 billion yuan, up 33.7% year on year

36Kr learned from the announcement of WuXi AppTec that the company posted an operating revenue of 28.9 billion yuan in the first half of the year, a year-on-year increase of 38.9%. Its net profit for the first half of the year hit 11.08 billion yuan, growing 33.7% year on year. As of the end of June 2026, the company's pending orders from continuing operations amounted to 66.43 billion yuan, representing a year-on-year rise of 25.2%.

Luckin Coffee: Total revenue in the second quarter hit 15.886 billion yuan, representing a 28.5% year-on-year increase

36Kr has learned that Luckin Coffee released its financial report for the second quarter of 2026. The financial report shows that Luckin Coffee's total net revenue in the second quarter was 15.886 billion yuan, up 28.5% year on year; its net profit was 1.486 billion yuan, up 16.1% year on year.

Investment and Financing

"Shell Breaking Robotics" completes USD 100 million-level Pre-A round of financing

36Kr learned that recently, the general embodied intelligence enterprise "Shell Breaking Robotics" has completed a Pre-A round of financing at the hundreds of millions of US dollars level. This round of financing is co-led by Shunwei Capital and Matrix Partners China, with the participation of many financial and industrial investment institutions including Ubiquant Investment, Junshan Capital, SEE Fund, Liepin Investment, Yuanuo Capital, and Zhongding Capital. Existing shareholders including Yunqi Capital, Xiaomi Strategic Investment, Honghui Fund, Inno Angel Fund, and Orient Jiafu Capital continue to increase their shareholdings.

"Fangqing Tech" Completes Series A1 Financing, Valuation Exceeds 10 Billion Yuan

36Kr has learned that recently, "Fangqing Tech" has completed its Series A1 financing round, with its valuation exceeding 10 billion RMB. This financing round is led by Xuhui Capital and Zhuhai Science and Technology Industry Group, with participating investors including CICC Capital, Cathay Haitong Creative Investment, Sunsh Capital under iHealth, Tsinghua Venture Capital, Mingjia Capital and other institutions. Existing shareholder Junshan Capital has made a large additional capital injection, while Multidimensional Capital, Huaye Tiancheng, Lingang Science and Technology Innovation Investment, C&D Emerging Investment, 37 Interactive Entertainment and other institutions have also made over-subscribed follow-on investments at the same time. The funds raised in this round will be mainly used for the R&D of self-developed chips and systems, large-scale mass production, software ecosystem construction and high-end talent recruitment.

"Active Technology" Completes RMB 330 Million Angel Round Financing

36Kr learned that on August 3, "Active Technology" announced the completion of RMB 330 million angel round financing, setting a new record for angel round financing in China's brain-computer interface field. This round of financing is led by CAS Star, with joint investment from Legend Star, Unity Ventures, Detong Capital, Innoangel Fund, BGI-Songhe Life Sciences Fund, Jifeng Capital and Jiadao Capital. The raised funds will be mainly used for site expansion, equipment improvement, clinical trial promotion and team expansion, to fully accelerate the clinical transformation and industrial implementation of invasive brain-computer interface products.

"Unitary Quantum" Completes Hundreds of Millions of Yuan Series A Financing

36Kr learned that recently, "Unitary Quantum" has completed hundreds of millions of yuan in Series A financing. This round of financing is led by Shenzhen Venture Capital, with joint investment by Social Security Fund Bay Area Science and Technology Innovation Equity Investment Fund (Shenzhen) Partnership (Limited Partnership) and Shenzhen Innovation Capital Investment Co., Ltd., and followed by many institutions including GF Xinde, Jingming Capital, Puhua Capital, Qifu Capital, Xingtai Capital, Dachen Caizhi, Huakong Fund, Shoucheng Holdings, GCL Energy Technology, Haojun Investment, Kaylon Capital, Sinopower Venture Capital, ZW China and other institutions. The funds will be mainly used to accelerate R&D breakthroughs, target the goals of quantum supremacy and quantum error correction, and continuously strengthen the full-stack capabilities of the company's QCCD technology route.

"Eveviation Aviation Completes Hundreds of Millions of Yuan in Series A+ Financing"

36Kr learned that Eveviation Aviation, a developer and manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, recently completed a Series A+ financing of several hundred million yuan. This round of financing was invested by Uptown Capital, Puhua Capital and other institutions, with Deep Blue Capital acting as the exclusive financial advisor. Up to now, Eveviation Aviation has received capital support from multiple parties including national-level funds, listed companies and local state-owned assets.

Compiled｜Wang Haoyang