8:00 36Kr Brief丨Unitree Technology opens public offering subscription today, winning one allotment may bring a profit of 200,000 yuan; Pangdonglai closes its 24-year-old store in Xuchang, Yu Donglai responds to the related issue; Biden's prostate cancer continues to worsen and the cancer cells have spread.

Today's Hot News Guide

• Apple responds to the removal of the manual for accessing Qwen
• The film "Eight Immortals!" has exceeded 1.4 billion yuan at the box office
• Li Auto-W repurchased 572,700 shares at a cost of 3.6182 million US dollars on August 6
• Sources indicate that SpaceX's acquisition of Cursor will be completed as early as next week
• Intel appoints Dean Jarnac as Chief Sales Officer

TOP 3 Major News

Unitree Technology opens subscription today, a single winning lot may generate a profit of 200,000 yuan

On August 10, Unitree Technology will launch subscription on the Sci-Tech Innovation Board (STAR Market), marking the official debut of the "first A-share humanoid robot stock". The stock code of Unitree Technology is 688836, and the online subscription code is 787836. The offering price is 150.80 yuan per share, corresponding to a market value of about 60.993 billion yuan at listing, and a P/E ratio of 219 times for the 2025 fiscal year after issuance. According to the announcement, the online and offline subscription dates for Unitree Technology are both August 10, and the payment deadline is August 12, with the initial public offering raising about 6.1 billion yuan. A single winning lot (500 shares) requires a payment of 75,400 yuan.

Considering the small size of the floating shares issued this time by Unitree Technology, coupled with the thematic halo of the "first stock", comprehensive calculations by multiple brokerages show that its estimated winning rate is between 0.02% and 0.03%, far lower than the 0.47% winning rate of Changxin Technology. Statistics show that since 2026, the average first-day increase of newly listed A-shares has reached as high as 276.04%. Calculated on this basis, the paper profit from one single lot of Unitree Technology is expected to exceed 200,000 yuan; if benchmarked against the 466.61% average first-day increase of new stocks on the STAR Market within this year, the profit per lot can reach 351,800 yuan. (Sina Finance, 21 Finance)

Yu Donglai issued a statement responding to the closure of the Pangdonglai Xuchang Life Plaza Store

On August 9, Yu Donglai, founder of Pangdonglai, released a statement responding to the closure of the Xuchang Life Plaza. "The mistakes caused by unprofessionalism cannot be measured by money. Around 2015, in relation to the Xuchang Life Plaza, the staff in charge of this work failed to follow the company's regulations and made work errors. The lease contracts were not signed in a unified way, which eventually pushed the rent of individual tenants to an unimaginable level, far away from fairness. This left the company in a dilemma that it could not withdraw since a large number of contracts had been signed, nor could it operate smoothly as the situation always affected the working mood. In fact, these few tenants do not take up a large proportion overall, but no matter the amount of money, the spirit of upholding fairness and justice is the bottom line, which has been a long-standing knot in my heart for all these years." Yu Donglai stated, "Therefore, when the leases expired, even though the Life Plaza posted 2 billion yuan of annual sales and over 100 million yuan of annual profits, belief and happiness always come first. For any work, professionalism is the most fundamental guarantee for goodness, and happiness and joy are the premise of everything." Earlier, Yu Donglai announced in a live broadcast that the Pangdonglai Xuchang Life Plaza Store will be officially closed in December 2026. (Jiemian News)

Apple Responds to Deletion of Qwen Integration Manual: No Notification Received, the "Apple Intelligence Using Qwen" Feature Has Not Been Launched in the Chinese Mainland

In response to the deletion of the support document "Using Qwen with Apple Intelligence on Mac", Apple's customer service recently responded to Sina Tech: "We will receive advance notice whenever a new function or project is to be released. At present, we have not received any relevant notice, and the 'Apple Intelligence using Qwen' related function has not been launched in the Chinese mainland." Yesterday, a support document titled "Using Qwen with Apple Intelligence on Mac" appeared in the Simplified Chinese user manual section of Apple's official website, explicitly mentioning that Apple Intelligence can work with Alibaba's Qwen model. However, the document was deleted by Apple less than 24 hours after its release. On July 15 this year, Alibaba responded that Qwen would be integrated into Apple Intelligence as an AI capability, covering Chinese users of iOS, iPadOS, macOS and visionOS. (Sina Tech)

Cutting-edge AI

The first fully domestically developed 100,000-GPU AI super cluster is put into use, accelerating the formation of the national unified computing power network

According to the National Development and Reform Commission, China's computing power foundation has been further consolidated since the start of this year. The first 100,000-GPU artificial intelligence super cluster with 100% domestic independent technologies was officially put into operation a few days ago, marking that China's computing power infrastructure construction has entered a new stage of 100,000-GPU level deployment. Multiple computing power nodes across the country have embraced a new round of computing power capacity expansion. (CCTV News)

U.S. enterprises including OpenAI are exposed that their AI models have "crossed the line", triggering widespread concerns over safety risks

OpenAI, the American artificial intelligence research organization, released a statement on the 7th, stating that the latest internal assessment results show that Astra, the upcoming artificial intelligence model of the company, may reach a level with severe risks in terms of "cybersecurity activities". The company has decided to take security assurance measures including suspending part of the activities related to the model. Recently, a number of U.S. enterprises have successively admitted that their artificial intelligence models have "crossed the line" in tests, which has drawn extensive attention from the global industry. Analysts believe that apart from factors such as technical errors, this incident is also suspected of commercial hype. Meanwhile, as AI risks are becoming increasingly prominent, the world needs to strengthen security supervision. (CCTV News)

Sam Altman Says OpenAI Is Advancing the Astra Public Release, Which Will Be Delayed Due to Cybersecurity Risks

On local time August 7, Sam Altman, CEO of OpenAI, stated that the company is pushing forward the public access to Astra, its next-generation model. However, as the model has strong cybersecurity capabilities, it will take "a little more time" to ensure its safe deployment. He noted that OpenAI does not believe that restricting powerful models to a small number of users is a proper strategy, and hopes that Astra can be widely open to the public eventually. Altman described Astra as a "powerful model", saying that the company hopes to make it available to more users as soon as possible on the premise of ensuring security. (Jiemian News)

Major Companies / Major Events

Former core robotics leader at ByteDance joins Xiaomi to lead foundational model R&D

Multiple independent sources have confirmed that Kong Tao, former head of ByteDance's robotics team, has joined Xiaomi and currently serves as the head of Xiaomi's robotics foundational model team. Multiple insiders disclosed that Kong Tao joined Xiaomi in the summer of 2025, bringing with him a number of former employees who used to work at ByteDance. At present, Xiaomi's robotics business unit has around 200 employees. "The foundational model team of Xiaomi Robotics is very secretive. The foundational model team led by Kong Tao has a separate office space. When Xiaomi's senior management team holds collective meetings on Feishu, Kong Tao does not even need to turn on his camera," a source close to Xiaomi Robotics revealed. Xiaomi's robotics business unit is also under a high level of internal confidentiality. (21st Century Business Herald)

Can AI help write and comment on WeChat Moments? Tencent Customer Service: AI-related functions are being gradually rolled out

On August 8, it was reported that WeChat was conducting gray-scale tests on two features of WeChat Moments, "AI-assisted Writing" and "AI Commenting". After inquiring Tencent's customer service about this, the reporter learned that the AI-related functions for WeChat Moments are still being gradually opened up at present, and some intelligent interactive functions may have entered the gray-scale testing stage. The specific supported conditions shall be subject to the update status of the WeChat version you are using. (Sina Finance)

Moore Threads' H1 revenue surged 147.42% year on year, and large-scale sales of MTT S5000 intelligent computing cluster were realized

Domestic GPU leader Moore Threads released its 2026 Semi-Annual Report. According to the report, in the first half of 2026, Moore Threads achieved a revenue of 1.736 billion yuan, a significant year-on-year increase of 147.42%, exceeding its full-year revenue in 2025. Its total gross profit reached 989 million yuan, up 103.78% year on year. Its profitability improved remarkably, with the net profit attributable to shareholders and non-recurring profit and loss deducted net profit attributable to shareholders narrowing losses by 95.73% and 52.37% respectively compared with the same period of last year. Meanwhile, Moore Threads maintained high-intensity R&D investment, with its R&D expenditure in the first half of 2026 reaching 769 million yuan, up 38.16% year on year. The total accumulated R&D investment since 2022 has reached nearly 5.9 billion yuan. During the reporting period, the commercialization of Moore Threads was fully accelerated. The MTT S5000 intelligent computing cluster has achieved large-scale sales, completed deployment in multiple regions including Beijing, Wuxi and Hangzhou, and was among the first batch to pass the national "Security and Reliability Evaluation", making a number of breakthroughs in the high-end training capability of "domestic chips training domestic models". The company is accelerating its penetration into key customers such as internet enterprises and telecom operators, and continues to drive high revenue growth with richer application scenarios. The ecosystem of the MUSA software stack is increasingly mature, with the number of developers exceeding 800,000. (CLS)

Iran's Foreign Minister Emphasizes the Strait of Hormuz Has Not Been Reopened

On local time the 9th, Iranian Foreign Minister Araghchi stated that Iran is now in the final stage of consultations with Oman on adjusting the shipping lane of the Strait of Hormuz. He also stressed that even if the two sides reach an agreement on the adjustment of the shipping lane, it does not mean that the Strait of Hormuz has been reopened, and a series of conditions still need to be met for the strait to be reopened. Araghchi said that at present, the two sides are discussing replacing the original shipping lane with a new one, and relevant experts are carrying out the corresponding technical work. (CCTV News)

A-Shares Half-Year Report Check: 171 Listed Companies Have Disclosed Their 2026 Half-Year Reports, and the Net Profits of 16 Companies Exceed 1 Billion Yuan

On August 8, a total of 39 A-share listed companies disclosed their 2026 half-year reports, of which 33 were profitable and 6 were loss-making. As of August 8, a total of 171 A-share listed companies have disclosed their 2026 half-year reports, including 156 profitable ones and 15 loss-making ones. From the perspective of net profit growth rate, the net profit growth rate of 75 companies exceeded 50%. Yisheng Co., Ltd., Wenzhou Hongfeng and Yibo Tech ranked at the top, with the net profit growth rates in the first half of the year being 4897.29%, 2521.90% and 1561.55% respectively. In terms of net profit, 16 companies had a net profit of more than 10 billion yuan. CATL, WuXi AppTec and Hikvision ranked top, with the net profit in the first half of the year being 43.284 billion yuan, 11.080 billion yuan and 7.896 billion yuan respectively. (Yicai)

Spot gold rose more than 7% week on week to stand above $4300, why the sudden sharp rally?

As of the close on August 7, spot gold rose by $264.13 this week, with an increase of 7.44%, closing at $4341.91 per ounce; COMEX gold futures for August delivery on the New York Mercantile Exchange rose by $291.60 this week, up 7.17% to $4401.3 per ounce, both posting the largest single-week increase since the week of January 23. On the news side, the U.S. Bureau of Labor Statistics announced on local time August 7 that the number of non-farm payrolls in the U.S. in July was far lower than market expectations. Market expectations that the Federal Reserve will keep interest rates unchanged in September have warmed up, and the U.S. dollar index fell immediately, pushing gold and silver prices to rise significantly. UBS's view points out that the sharp rebound in gold prices is mainly boosted by the growing market expectation of the reopening of the Strait of Hormuz.

According to CCTV News, on local time August 6, U.S. President Trump stated that the agreement on reopening the Strait of Hormuz "cannot be said to have been formally reached yet", but the strait is now "open to a certain extent", and the U.S. side is participating in relevant negotiations with sound overall progress. Meanwhile, UBS believes that factors including Chinese buying interest, net inflow of ETF funds, the increasingly accommodative interest rate environment, and the market's renewed focus on reserve diversification have also provided support. On the other hand, the joint measures taken by the U.S. and Japanese governments last week to stabilize the yen may have prevented U.S. Treasury bonds from being sold off, which also provided support for gold prices. (The Paper)

The film *Eight Immortals!* has exceeded 1.4 billion yuan at the box office

According to the real-time data of Beacon Professional Edition, as of 12:04 on August 9, the box office of the film *Eight Immortals!* has surpassed 1.4 billion yuan. (National Business Daily)

Lin Bingsheng, founder of Yonghe Soymilk, passes away at the age of 70

The Board of Directors of Yonghe Capital Group released an obituary on August 8: Mr. Lin Bingsheng, Chairman of the Group's Board of Directors and founder of Yonghe Soymilk, unfortunately passed away peacefully at 12:45 at noon on August 7 in Taipei at the age of 70 after failing to respond to medical treatment. (Jiemian News)

OFILM Clarification: Fully Independent from Xinfeguang in Business Models and Product Lines

36Kr has learned that OFILM released a clarification announcement on relevant media reports on August 9. Around August 6, a small number of media outlets published reports questioning that Cai Rongjun, the actual controller of the company, had conducted interest transfer to Xinfeguang Communication Technology Co., Ltd. and Sinothink Motor Co., Ltd. that are under his actual control. The company is completely independent from Xinfeguang in terms of business models and product lines. The company has not produced or provided OEM services for Xinfeguang for the products mentioned in the report including optical components for optical modules, glass bridges and precision structural parts, and there is no act of artificially lowering the selling price of the company's components to transfer profits to Xinfeguang. Sinothink was acquired by Cai Rongjun, Chairman of the company, and Shenzhen Hezheng, an enterprise controlled by him. The situation that "the core VCM motor business was split off from OFILM in the early years, OFILM bore all the R&D costs, and the mature high-gross-margin business was attributed to Sinothink after it became profitable" does not exist at all.

Alo Exclusively Settles in Tmall

On August 9, a reporter from Jiemian News learned exclusively that ALO, the high-end sports lifestyle brand, will exclusively settle in Tmall and open its first official flagship store in Chinese mainland on August 12. This will be the first official store that ALO officially opens for sales after entering the Chinese market, and it is also the only official e-commerce channel of the brand in Chinese mainland. (Jiemian News)

Zhang Xue Motorcycle: Establish Special Fund for Young Rider Training, Donating 1 Million Yuan Annually

On August 8, "Zhang Xue Motorcycle" announced the establishment of the special fund for young rider training, with an annual donation of 1 million yuan, to provide targeted financial support to Chinese teenage motorcyclists aged 11 to 16. Each beneficiary can receive 100,000 to 300,000 yuan per year, and the first batch of the program plans to support 5 to 10 people.

Li Auto-W repurchased 572,700 shares at a cost of 3.6182 million U.S. dollars on August 6

Li Auto-W released an announcement stating that on August 6, 2026, the company spent 3.6182 million U.S. dollars to repurchase 572,700 shares. (Sina Finance)

Reports say SpaceX's acquisition of Cursor could be completed as early as next week, and new products may adopt the Grok brand

On August 7, it was reported that SpaceX's acquisition of Cursor, an AI programming tool company, could be completed as early as next weekend. The Cursor brand name may be phased out over the next few months, and new products may adopt other brand names. It is reported that the upcoming general-purpose intelligent agent product of Cursor may be named Grok Bot. However, the existing tools of Cursor will not be renamed immediately. The transaction still needs to obtain regulatory approval and is expected to be completed no later than the end of this month. SpaceX previously announced in June that it would acquire Cursor for 60 billion US dollars. (Jiemian News)

Elon Musk Releases Terafab Rendering Video

Elon Musk posted a new video of Tesla Terafab on the X platform, in which the Optimus humanoid robot and the Robovan autonomous vehicle made their first joint appearance. The Robovan can carry 20 passengers or transport cargo, and the Optimus mass production line is already under renovation, with the goal of achieving large-scale mass production in the summer of 2027. (Sina Finance)

Elon Musk: The upcoming V3 satellite will have performance an order of magnitude higher than the V2 satellite, and the system will achieve an annual revenue of 20 billion US dollars this year

Elon Musk posted on social media platform X on August 8 local time, saying that the V3 satellites to be launched via Starship will have performance an order of magnitude higher than the current V2 satellites launched by Falcon rockets. This means the bandwidth of Starlink V3 is more than 100 times that of the Starlink V2 system. The system will reach an annual recurring revenue (ARR) of 20 billion US dollars this year. "Even if the revenue per gigabyte drops by 10 times, it still means SpaceX's communications revenue will exceed 200 billion US dollars per year." (Jiemian News)

The outcome of the property division lawsuit in the divorce case of SK Chairman Choi Tae-won will be revealed soon

According to information from South Korea's legal circle on the 9th, the appeal period for Choi Tae-won and Noh So-young against the retrial judgment of the property division case is 14 days from the date the judgment document is served. The two parties received the judgment at zero hour on the 1st of this month, and may file an appeal before the 14th. If neither Choi Tae-won nor Noh So-young files an appeal within the legal period, or submits a statement waiving the right to appeal, the retrial judgment of the property division case will take effect, which means Choi Tae-won shall pay 944 billion won (about 4.508 billion yuan) to Noh So-young. If either party files an appeal again, the case will be retried by the Supreme Court of Korea. (CLS)

China's first drug for preventing acute mountain sickness approved for marketing

Recently, after strict review and approval by the National Medical Products Administration, the acetazolamide sustained-release capsules, with Professor Gesang Luobu, Vice President of the People's Hospital of Xizang Autonomous Region and Director of the Xizang Institute of High Altitude Medicine, as the principal investigator, have been officially approved for marketing, becoming the first domestically approved drug with the indication for preventing acute mountain sickness. Relevant research results have been published in the flagship international journal of high altitude medicine High Altitude Medicine & Biology. (Xizang Daily)

Intel Appoints Dean Jarnac as Chief Sales Officer

On local time August 7, Intel announced the appointment of Dean Jarnac as Executive Vice President and Chief Sales Officer, responsible for leading the company's global sales organization, driving customer relationship building and product market expansion across business segments including client computing, data center, artificial intelligence, networking and ASIC. As part of this management reshuffle, Greg Ernst, Intel's current Chief Revenue Officer, will leave the company after 27 years of tenure. (Sina Finance)

Yeye No Tea: The widely circulated in-store conflict incident took place in 2025, and the two parties have reached a settlement

36Kr learned that on August 8, Yeye No Tea released a statement on the situation of the widely circulated in-store conflict video: Recently, a video involving a conflict between our store employee and a delivery rider has been spread on online platforms, which has aroused public concern. We sincerely apologize for the negative perception and social impact caused by the incident, as well as the troubles brought to the involved delivery partner and the vast number of consumers. After verification, the incident corresponding to the circulated video took place on October 9, 2025. The conflict arose from a dispute between the store employee and the delivery rider over issues including picking up milk tea and urging for order pickup, which escalated from a verbal altercation to a physical conflict. Immediately after the conflict occurred, the store staff called the police, the public security organ launched an investigation in accordance with the law and organized mediation. Eventually, the two parties reached a settlement, and all related matters have been properly handled.

Alphabet Launches $25 Billion Bond Offering With Maturities Up to 40 Years

On August 7 local time, Alphabet, the parent company of Google, announced that it plans to issue a total of $25 billion in senior unsecured bonds, including floating rate bonds and fixed rate bonds, with maturities covering the period from 2028 to 2066. Among them, the fixed-rate bond with the longest maturity will expire in 2066, with a maximum coupon rate of 6.5%. (Jiemian News)

Berkshire Makes a Rare Big Move with a 130-Billion-Yuan Shopping Spree

Berkshire has taken major actions. The financial results released by Berkshire Hathaway show that in the second quarter of this year, the net profit attributable to shareholders rose by over 107% year-on-year, and the investment income jumped by 155% year-on-year. Notably, Berkshire made an unusual large-scale move, with the net amount of stocks purchased in the second quarter approaching 200 billion US dollars (about 130 billion yuan), reversing the previous trend of continuous stock selling. Before that, Berkshire had recorded net stock sales for 14 consecutive quarters. Judging from the changes in positions, as of June 30, Google has officially entered Berkshire's top five stock holdings, standing alongside American Express, Apple, Bank of America and Coca-Cola. The five major heavyweight stocks together account for 66% of the stock investment portfolio. (Securities Times)

IPO in Progress

Moore Threads: Planning to Issue H Shares and List on the Main Board of the Hong Kong Stock Exchange

Moore Threads announced on August 9 that the company plans to issue overseas listed foreign shares (H shares) and apply for listing on the main board of The Stock Exchange of Hong Kong Limited. (Securities Times)

Yuanxin Energy Storage Submits Listing Application to HKEX

36Kr has learned from the filings released by the Hong Kong Stock Exchange that on August 9, Shenzhen Yuanxin Energy Storage Technology Co., Ltd. submitted its listing application to the Hong Kong Stock Exchange, with CMB International Capital as its exclusive sponsor.

Beijing Junzheng passes the listing hearing of the Hong Kong Stock Exchange

36Kr learned from the filings of the Hong Kong Stock Exchange that on August 9, Beijing Junzheng Integrated Circuits Co., Ltd. updated its post-hearing information set, which means the company's Hong Kong Stock Exchange IPO has passed the hearing.

Large Company Financial Reports

Talkweb Information: Net profit in the first half of the year drops 12.16% year on year, proposes to distribute RMB 0.25 per 10 shares

Talkweb Information disclosed its semi-annual report. In the first half of 2026, the company realized operating revenue of RMB 1.312 billion, a year-on-year increase of 0.39%; the net profit attributable to shareholders of the listed company was RMB 69.222 million, a year-on-year decrease of 12.16%; the basic earnings per share was RMB 0.0549. The company plans to distribute a cash dividend of RMB 0.25 (tax included) for every 10 shares. (Yicai)

Investment and Financing

Starloop Fusion Completes New Round of Financing Worth 880 Million RMB

According to Starloop Fusion, the company has recently closed its new round of Series A++ financing, with a total fundraising amount of 880 million RMB. This round of financing is jointly invested by institutions including Shenzhen Investment Holdings Capital, Shenzhen Guarantee Venture Capital, ABC Capital, and BOCOM Investments, while existing shareholders such as the intellectual property fund under Shanghai Science and Technology Innovation Group continue to participate in the follow-on investment. The funds raised in this round, together with the funds from the Series A and Series A+ financing rounds, will be used for the construction of the Shanghai Jiading experimental base, the construction and operation of NTST (Negative Triangular Spherical Tokamak), the design and construction of CTRFR-1 (Starloop No.1), as well as the continuous engineering advancement of key technologies including fusion reactor-grade high-temperature superconducting magnets and AI plasma control. (Yicai)

Compiled｜Baby Chinese Cabbage