8:00 36Kr Briefing | Dong Mingzhu Appointed Principal of Gree Technical School with Tuition up to 15,000 Yuan; Per Capita Bonus of 5.57 Million Yuan, the generous payout for part of Cambricon's employees will be credited to their accounts soon; Unitree Technology goes public today.
Today's Hot News Guide
Starting from August 18, Alibaba's Qianwen Office is connected to WeCom
Former Anta CEO Xu Yang responds to his resignation for the first time
Tesla is reportedly preparing to launch CyberCab to the public in August
Apple makes a rare concession: it admits that its hundred-billion-dollar service business is being eroded under heavy regulatory pressure
Ferrari's first all-electric model Luce was auctioned for 40 million US dollars, becoming the most expensive new car auction lot in history
TOP3 Major News
Enroll in the school means enter the enterprise: The Gree Technical School headed by Dong Mingzhu as principal recruits junior high school graduates, with the maximum tuition of 15,000 yuan
On the evening of August 17, Gree Electric announced through its official WeChat public account "Gree Culture" that Zhuhai Gree Technical School founded by Gree Electric has officially kicked off its first enrollment recently. The enrollment will last until mid-September, and Dong Mingzhu, Chairwoman of Gree Electric, personally serves as the principal of the school. The enrollment brochure shows that the first intake will recruit 300 students, with tuition ranging from 9,000 yuan to 15,000 yuan per academic year, and 9 enrollment majors are offered. The enrollment targets are fresh and previous junior high school graduates nationwide aged 15 to 18. Gree said that the school implements the school-running model of "enter the school means enter the enterprise, graduate and be fit for the post immediately". Students can get access to enterprise resources right after enrollment, and will be prioritized to enter Gree Electric and its industrial chain enterprises for internship and employment after graduation. (Jiemian News)
Per capita 5.57 million yuan, the "big bonus" for some Cambricon employees is about to be credited to their accounts
On the evening of August 17, Cambricon released an announcement that 561,000 equity incentive shares are about to be lifted from trading restrictions, and the listing and circulation date is August 20. The announcement states that there are a total of 124 incentive targets for the shares to be vested this time, who will share a total of 597,600 shares (among which 36,600 shares come from the shares repurchased by the company from the secondary market, and 561,000 shares are the privately placed shares issued to the incentive targets by the company that are about to be lifted from trading restrictions). Estimated based on Cambricon's closing price of 1,156 yuan per share yesterday, the total value of 597,600 shares is 690 million yuan, corresponding to an average share value of 5.5715 million yuan per person.
The announcement shows that the basis for the vesting of this stock incentive is the vesting result of the first vesting period of the reserved grant portion in the *2023 Restricted Stock Incentive Plan* launched by Cambricon in November 2023. According to Wind statistics, the average stock price of Cambricon in the month when the stock incentive plan was launched was 139 yuan per share. Last month, Cambricon launched the *2026 Restricted Stock Incentive Plan*, with the restricted stock grant scale reaching 5 million shares. The total number of incentive targets for the initial grant is 945, accounting for about 85.37% of the total 1,107 employees of the company. The stock grant price (including reserved grants) is 750 yuan per share. (21st Century Business Herald)
Unitree Robotics Goes Public Today, Core Targets in Its Industrial Chain Unveiled
On the evening of August 17, Unitree Robotics (688836.SH) announced that its shares will be listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange on August 19, 2026. The offering price of this issuance is 150.80 yuan per share, with a total share capital of 404 million shares after issuance, of which 30.0877 million shares are unrestricted tradable shares in the initial listing period, accounting for 7.44% of the total share capital. The company's offering price corresponds to a 2025 diluted static price-to-sales ratio of 35.89 times, which is higher than the average level of comparable companies.
In terms of strategy, Soochow Securities suggests paying attention to individual stocks related to the Unitree industrial chain, T industrial chain, Galaxy General industrial chain and components. Among them, the core targets of the Unitree industrial chain include Shoucheng Holdings, Meihu Co., Ltd., Zhongda Leader, Changsheng Bearing; the individual stocks related to the T industrial chain include Hengli Hydraulic, Sanhua Intelligent Control, Tuopu Group, Zhejiang Rongtai, Wuzhou Xinchun; the core target of the Galaxy General industrial chain is Tianqi Co., Ltd.; the expected usage of harmonic drives has been revised upward, and related individual stocks include Green Harmonic, Siling Co., Ltd.; the individual stocks in the dexterous hand sector include Zhaowei Mechatronics, Hanwei Technology, Xinzuobiao. (21st Century Business Herald)
AI Frontier
Doubao Launches New Work Task Feature That Enables Windows Operation on Virtual Desktop
36Kr has learned from official Doubao announcements that Doubao has continued to roll out new updates to its work task mode. The brand-new Doubao virtual desktop has been launched on the Windows version, which further upgrades Doubao's capability to operate computers. After selecting the work task mode and local device on the Doubao desktop client, choosing "Operate Computer" in the skill bar and completing the authorization, Doubao will be able to view the computer screen, move the mouse, click buttons and tap the keyboard just like a human operator in the virtual desktop, helping users keep advancing complex tasks on the computer end.
Alibaba Cloud Launches Its Third Data Center in South Korea, with Agentic AI Services Simultaneously Launched
36Kr learned from the news on August 18 that Alibaba Cloud's third data center in South Korea has officially gone online, with supporting Agentic AI related services launched simultaneously, to further meet the continuously growing demand for AI and cloud computing in the local market. Recently, Alibaba Cloud has kept improving its layout of AI and cloud infrastructure in markets including France, Japan, Malaysia, Mexico and other regions. After this round of expansion is completed, Alibaba Cloud's global infrastructure will cover 30 regions and 104 availability zones, and it plans to further expand to countries and regions such as Brazil. At present, Alibaba Cloud ranks first in the Asia-Pacific cloud computing market.
WeChat Work's CLI and MCP are fully open to all enterprises without restrictions, and Agents including WorkBuddy and DeepSeek can be connected
36Kr learned that WeChat Work has fully upgraded its CLI and MCP capabilities. AI Agents such as WorkBuddy, Deepseek Harness, and Minimax Code can directly connect to WeChat Work to invoke WeChat Work capabilities to complete tasks, and enterprises can also access self-built Agents based on open interfaces. This opening upgrade is fully open to enterprises of all sizes, no longer restricted by thresholds such as enterprise headcount and qualifications, covering ten capability modules including documents, spreadsheets, emails, meetings, schedules, and address books. The full opening of the CLI this time also means that WeChat Work further opens its underlying office capabilities to the AI ecosystem.
OpenAI announces the launch of ChatGPT Teen Version
OpenAI announced the launch of ChatGPT Teen Version. If the system determines that the user is under 18 years old, or the user self-declares that their age is between 13 and 17, it will automatically switch the user to ChatGPT Teen Version. (CLS)
Major Companies & Key Events
Unitree Robotics has been widely sought after in the crypto market ahead of its listing, and perpetual contracts indicate that its stock price may rise by more than 300%
On August 18, Unitree Robotics was wildly popular in the crypto market before its listing, and perpetual contracts imply that its share price may increase by over 300%. (CLS)
Wang Xingxing says going public is like taking the national college entrance exam, and rejects stock price speculation
According to reports, Wang Xingxing once stated that he regards going public as the "national college entrance exam", and after the company is listed, he will face more "exams" as well. Wang Xingxing recently responded to market concerns over stock prices, valuations, and post-listing pressures during an online investor exchange event. When asked by investors about stock price speculation, he said that the company hopes investors "buy our company's stock because they recognize the company's value" rather than engage in blind speculation. As for the pressure after listing, he responded that "pressure brings greater motivation", and the company will make good use of the raised funds, accelerate the implementation of fundraising projects, and reward shareholders with sound operating performance.
Wang Xingxing mentioned that the company has always adhered to its original aspiration of "driving the progress of human society with technology", and believes that the world is currently on the eve of breakthroughs in global AI and embodied intelligence technologies. Ten years of accumulation have equipped the company with "the confidence and capability to pursue and realize its dreams". For a robotics enterprise that has just stepped into the capital market, 60.9 billion yuan marks a new starting point. Whether this starting point will lead to 100 billion yuan or 200 billion yuan in value, the final answer will still be given by the robotics enterprise itself. (The Paper)
The three major U.S. stock indexes closed lower collectively, and the storage sector retreated sharply
According to 36Kr's report, at the close of trading on August 18, the three major U.S. stock indexes all declined: the Nasdaq Composite fell 1.33%, the Dow Jones Industrial Average dropped 0.22%, and the S&P 500 Index slipped 0.69%. The storage sector posted a sharp pullback, with Lumentum, SanDisk and SK Hynix down over 9%, and Western Digital, Micron Technology and Corning down more than 7%. Large-cap tech stocks saw mixed performance: Meta fell over 4%, NVIDIA dropped over 2%, Tesla and Amazon recorded slight declines, Apple rose over 1%, while Microsoft and Alphabet posted slight gains. Most of the popular Chinese concept stocks in the U.S. trended downward: Baidu fell over 12%, iQiyi dropped over 8%, XPeng Inc. declined over 3%, Li Auto fell over 2%, NIO and Bilibili dropped over 1%, while Alibaba rose over 2%, JD.com gained over 1%, and Pinduoduo and NetEase saw slight increases.
Pang Donglai Clarifies That Its Recruitment Does Not Include Personnel With Sexual Assault Convictions
Recently, Pang Donglai issued a clarification regarding the claim that it "recruits ex-convicts with no entry thresholds". Pang Donglai stated that it does not accept such personnel without any thresholds, explicitly excluding those with prior records of sexual assault, serious violence and other heinous offences. All ex-convict candidates must go through exactly the same application and interview process as other applicants, and a 6-month mutual-selection probation period is set. The first batch of recruited personnel were prioritized for back-office positions such as warehousing and logistics, to balance employment assistance and safety management.
It is reported that this is the second year that Pang Donglai has provided job positions for ex-convicts. None of the 30 ex-convicts recruited last year resigned after one year of employment. Yu Donglai, the founder, said that he hopes to establish a better system to help more people live a dignified and friendly life, and encourage ex-convicts to respect themselves, conduct themselves with dignity and move towards good. (Litchi News)
Li Qiang Signs State Council Decree, Promulgating the Decision of the State Council on Amending the Regulations on the Administration of Housing Provident Fund
Premier of the State Council Li Qiang recently signed a State Council decree to promulgate the Decision of the State Council on Amending the Regulations on the Administration of Housing Provident Fund, which shall take effect as of September 20, 2026. The Decision consists of 20 articles, which mainly stipulate the following contents. First, expand the scope of withdrawal and use. There will no longer be the threshold restriction that the rent must exceed the specified proportion of the family wage income for withdrawing housing provident fund to pay rent; new scenarios where housing provident fund can be withdrawn are added, including renovating self-occupied housing, paying property fees of self-occupied housing, and other housing consumption scenarios approved by the State Council. The investment and utilization channels of housing provident fund will be appropriately expanded, and it is clarified that housing provident fund management centers may use housing provident fund to purchase policy-based financial bonds. Second, improve the efficiency of management and services. Simplify the procedures for employees to apply for withdrawing housing provident fund, shorten the examination time limit for housing provident fund loan applications, realize mutual recognition and mutual trust of housing provident fund payment records and other related data across the country, and promote the convenient and efficient handling of businesses such as housing provident fund transfer and continuation, and off-site loans. Third, strengthen risk prevention and control. The competent department of housing and urban-rural development under the State Council shall determine the public credit information in the field of housing provident fund, and housing provident fund management centers shall establish comprehensive, complete and accurate credit records and incorporate them into the national credit information sharing platform; clear legal liabilities are stipulated for acts of illegally withdrawing housing provident fund or obtaining housing provident fund loans by means of fraud, forgery of supporting materials and other means. Fourth, expand the coverage of the system. It is clarified that individual industrial and commercial households, non-full-time employees and other flexible employees may voluntarily contribute to the housing provident fund and enjoy corresponding policy support in accordance with regulations.
Former ANTA CEO Xu Yang Responds to His Resignation for the First Time
On August 18, Xu Yang, former CEO of ANTA, posted on WeChat Moments to publicly explain the reason for his resignation for the first time, stating that he left ANTA to accompany his family to relocate to Los Angeles, the United States, as his family members are going to pursue study abroad. "I did not arrange any farewell events, because of the guilt of failing to live up to everyone's trust and the private weakness that I do not want to show to the public. I hope all of you are doing well!" Xu Yang resigned from the position of CEO of the ANTA brand on July 15 for "family reasons", and Lai Shixian, co-CEO of the group, has taken over the position on an acting basis. During his tenure, he set an annual compound revenue growth target of 10% to 15% for the ANTA brand, but the growth rate of the core brand in 2025 was only 3.7%, which fell short of the expected target. In the earlier four years, as the core operator of Arc'teryx's business in Greater China, he drove the brand's Chinese business revenue from about 800 million yuan to nearly 3 billion yuan, and raised the average annual revenue per store from 2 million yuan to 100 million yuan. He is widely regarded as the key contributor who turned Arc'teryx from a professional outdoor brand into a phenomenal market brand. (National Business Daily)
HSG is reportedly seeking to raise 1.2 billion US dollars for its first US dollar fund since its spin-off
According to people familiar with the matter, HSG has held initial discussions with investors on multiple funds, including its first US dollar fund since its "spin-off". The insiders said that the investment company is negotiating to raise at least 1.2 billion US dollars for an early-stage investment fund to support companies in the AI, medical and consumer sectors. HSG has been at the helm of Neil Shen since 2005. They also said that HSG is also considering setting up a growth fund, but the specific time and scale have not yet been determined. One of them added that the company is also considering a renminbi-denominated fund. This fundraising will test the appeal of this established China-focused investment institution. The three entities originally under the Sequoia brand umbrella have long been basically independent, one focusing on the US and Europe, one focusing on China, and the third focusing on India and Southeast Asia. After the split, the Chinese branch finally adopted HSG as its English name, and has invested in emerging AI enterprises such as Unitree Robotics, Minimax and Moonshot AI. (Sina Finance)
Tesla is reportedly preparing to launch CyberCab to the public in August
According to media reports citing people familiar with the matter, Tesla has informed its employees that it is making preparations for the public launch of Cybercab, which is the first model of Tesla that comes with no steering wheel or brake pedal. The report says Tesla plans to first roll out Cybercab to the public in Austin, Texas, and the launch may start as early as this month. (Sina Finance)
Ultra-high-net-worth Family Offices Flock to SpaceX, With Total Holdings Exceeding 3.8 Billion U.S. Dollars
Institutions that manage investments for ultra-wealthy families in the Americas, Europe and the Middle East have accumulated billions of dollars in investment exposure to SpaceX, highlighting their capability to seize highly sought-after investment opportunities. Regulatory filings show that in the first half of 2026, more than a dozen family offices hold a combined stake of at least 3.8 billion U.S. dollars in the company whose official name is Space Exploration Technologies Corp. Some of these institutions, including Tao Capital under the Pritzker family and the Moreira Salles family, are also investors of Tesla, another listed company in Elon Musk's business empire. (China Finance News Service)
Anthropic's annualized revenue exceeded 65 billion U.S. dollars before its IPO
Market sources say that Anthropic is expected to launch its IPO process within several weeks. Anthropic's annualized revenue has exceeded 65 billion U.S. dollars prior to its IPO. (Sina Finance)
Is Nvidia offering "backstop financing" to all parties everywhere? The "New Bond King" Jeff Gundlach: This indicates the market may be peaking
As Nvidia teams up with Wall Street to provide "backstop" financing across the board, Jeff Gundlach, CEO of DoubleLine Capital who is widely known as the "New Bond King" in the industry, recently warned that Wall Street's attempt to turn artificial intelligence chips into an investable asset class may signal that the market is about to hit its peak. Gundlach criticized Nvidia's newly announced partnerships with six financial giants, which are designed to raise more than 500 billion US dollars for artificial intelligence infrastructure. Nvidia will serve as the lead coordinator of these partnerships rather than a capital contributor. In essence, it leverages its own high credit rating to help its customers keep financing costs under control. (Cailian Press)
Expectations for a merger between Elon Musk's Tesla and SpaceX are rising, with the prediction market putting the probability of the merger at 55% before 2027
Recently, speculations about a merger between Tesla and SpaceX, the two core enterprises under Elon Musk, have continued to heat up, and a large amount of betting capital is flowing into the prediction market. Data from prediction platform Polymarket shows that the market currently believes the probability of the two companies completing an official merger before December 31, 2027 stands at 55%. Another prediction market platform Kalshi posted on X that the probability of the merger being finalized before 2028 has further risen from 65% to 71%. (Financial Associated Press)
Apple Makes Rare Admission: Acknowledges That Its Hundred-Billion-Dollar Services Business Is Being Eroded Under Heavy Regulatory Pressure
On August 18, Apple for the first time admitted that regulatory changes have forced it to loosen its control over the App Store, which has dragged down its services business worth more than 100 billion US dollars. This rare statement indicates that antitrust actions are beginning to erode one of the company's most profitable business divisions. Apple warned in its latest regulatory documents that purchase transactions conducted through alternative payment systems "may not generate any commission at all". In addition, the services revenue and profit margin it reported this month were lower than Wall Street's expectations. (CLS)
Shein is reported to have its valuation shrunk and is seeking an IPO with a valuation of no more than 30 billion US dollars
According to reports on August 18, Shein is seeking to launch its initial public offering (IPO) in Hong Kong at a valuation of 26 billion to 27 billion US dollars. This target valuation has shrunk significantly compared to the company's historical peak. Shein plans to raise about 2 billion US dollars through this listing, and existing shareholders may subscribe for about half of the offering size. (The Paper)
Google is reportedly planning to cease production of the Pixel series products in China in 2027
According to reports, Google has informed its suppliers that it plans to move all production of Pixel smartphones, smartwatches and wireless headsets outside China starting next year. (Sina Finance)
Ferrari's first all-electric model Luce sold for 40 million USD, becoming the most expensive new car auction lot in history
Despite facing widespread criticism since its debut, Ferrari's first 100% electric vehicle Luce was finally transacted at 40 million USD, setting the record for the most expensive new car ever auctioned. On August 17, Ferrari announced in a statement that this "Tailor Made" bespoke version of Luce broke the previous record at the Sotheby's charity auction held during Monterey Car Week in California, the United States. The prior record was set by a custom Ferrari Daytona SP3 last year, which was sold for 26 million USD. Ferrari unveiled Luce in May at a price of 550,000 euros. The launch of this model was followed by a wave of criticism, which led to a drop in the company's share price. (Jiemian News)
Tesla is reportedly preparing to launch CyberCab to the public in August
According to media reports citing people with knowledge of the matter, Tesla has informed its employees that it is making preparations for the public launch of Cybercab, which is Tesla's first vehicle not equipped with a steering wheel or brake pedals. The report states that Tesla plans to first launch Cybercab to the public in Austin, Texas, and the launch may start as soon as this month. (Sina Finance)
NVIDIA CEO Jensen Huang's daughter visits LG Electronics to discuss strengthening cooperation in AI infrastructure and robotics sectors
On August 18, Madison Huang, Senior Director of NVIDIA and daughter of CEO Jensen Huang, visited LG Electronics' robotics center located in South Korea on August 17. Madison Huang met with senior executives of LG Electronics to discuss approaches to deepen bilateral cooperation in the artificial intelligence (AI) infrastructure and robotics fields. Before this visit, LG Electronics announced last week that it plans to launch a new-generation bipedal walking humanoid robot in the first quarter of 2027 relying on NVIDIA's robotics platform. (Sina Finance)
Lu Weibing: The new generation of Xiaomi Ring chip is about to be released, and a series of flagship products will be launched intensively
36Kr learned that Lu Weibing, Partner and President of Xiaomi Group, revealed during the earnings call that the Xiaomi Ring O1 chip successfully launched by Xiaomi last year has achieved cumulative shipments of more than 1 million units on three end products, realizing large-scale verification of flagship chips, and the brand new generation of Xiaomi Ring chip is also about to be released. Lu Weibing also said that Xiaomi will enter an intensive new product launch period in September, and a series of heavyweight flagship products will be launched one after another.
South Korea's Hyundai Motor Union will stage a full-scale strike for the first time in 10 years
On August 18, the labor and management of Hyundai Motor held the 16th round of negotiations at the Ulsan plant in South Korea, restarting consultations after 41 days, but still failed to reach a consensus in the end. The differences between the two sides mainly focus on three issues: raising bonuses, reinstating the positions of employees who were dismissed for illegal acts during union activities, and extending the retirement age. The union subsequently finalized the schedule for the new round of strikes: 4-hour partial strikes will be held every day from August 19 to 20 and August 24 to 25, and an 8-hour full-scale strike will be held on August 21. This will be the first full-scale strike held by the union in 10 years since the 2016 labor-management negotiations. (CLS)
Anthropic Prepares for Super Voting Rights to Pave the Way for Its IPO
According to two insiders, Anthropic plans to grant CEO Dario Amodei and other co-founders a class of shares with enhanced voting rights, to help them fend off pressure from external shareholders. This will mark the first time Anthropic's management team has obtained super voting rights, a mechanism that has long been widely adopted by tech company founders. Another source noted that this move holds special significance for Anthropic: the company's founders hold a relatively low equity stake compared with founders of other tech enterprises. The company also plans to rely on a special share class to retain the existing group of non-shareholder trustees, who will elect a majority of the board seats, so as to build an unconventional barrier against interference from external shareholders. (Sina Finance)
US-Canada Tariff Negotiations Enter Final Stage, Trump Administration Downplays Expectations of Reaching a Deal
According to people familiar with the matter, the Trump administration is downplaying external expectations that the United States and Canada will reach a last-minute agreement to avoid new tariffs scheduled to take effect on Wednesday. The US side privately indicated that the probability of the two sides reaching an agreement on Tuesday is only 50-50 or even lower. The two countries need to reach an agreement before the midnight deadline, otherwise the United States will impose 50% tariffs on billions of dollars worth of Canadian goods. (Sina Finance)
Germany recorded the highest number of corporate closures in nearly 20 years last year
The latest joint analysis by German credit reporting agency Creditreform and the ZEW - Leibniz Centre for European Economic Research shows that more than 180,000 enterprises in Germany ceased operations in 2025, a year-on-year increase of nearly 10%, the highest number in nearly 20 years. (Xinhua News Agency)
Large Corporations' Financial Statements
BHP's full-year underlying profit reached 13.2 billion US dollars, up 30% year on year
BHP's full-year underlying profit stood at 13.2 billion US dollars, representing a 30% year-on-year increase, against the estimated figure of 12.69 billion US dollars. The company's net profit was 9.83 billion US dollars, up 9% year on year, while the market forecast was 10.95 billion US dollars. Its final dividend per share was 0.99 US dollars, compared with 0.60 US dollars in the same period of the previous year. (CLS)
Xiaomi Group: Q2 Revenue Reaches 108.9 Billion Yuan
36Kr has learned that Xiaomi Group released its financial report for the second quarter of 2026. The financial report shows that the revenue in the second quarter was 108.9 billion yuan, with the revenue of 116 billion yuan in the same period of last year; the net profit was 9.46 billion yuan, representing a 20.3% year-on-year decline.
iQIYI: Total Q2 Revenue Reaches RMB 6.29 Billion, Up 1% Quarter-on-Quarter
36Kr learned that on August 18, iQIYI released its unaudited financial report for the second quarter ended June 30, 2026. In the second quarter, iQIYI's total revenue reached RMB 6.29 billion, with a 1% growth quarter-on-quarter. Among the total, revenue from membership services was RMB 4.01 billion, revenue from online advertising services was RMB 1.25 billion, revenue from content distribution was RMB 680 million, and other revenue stood at RMB 340 million.
Baidu: Total revenue in the second quarter hits 31.3 billion yuan, and AI business revenue accounts for more than half for consecutive quarters
36Kr learned that Baidu released its financial report for the second quarter of 2026. The financial report shows that the total revenue in the second quarter was 31.3 billion yuan; the general business revenue was 25.2 billion yuan, of which the AI business revenue accounted for 50%, having exceeded 50% for two consecutive quarters. In the second quarter, Baidu's AI cloud infrastructure revenue reached 7.3 billion yuan, a year-on-year increase of 50%, of which GPU cloud revenue increased by 283% year-on-year, achieving triple-digit growth for four consecutive quarters; AI application revenue was 2.5 billion yuan, up 3% year-on-year; AI-native marketing service revenue was 2.6 billion yuan.
China Unicom: H1 2026 Operating Revenue Reaches 201.4 Billion RMB, Up 0.6% Year-on-Year
36Kr learned from the official announcement of China Unicom that its operating revenue in the first half of 2026 was 201.4 billion RMB, with a year-on-year increase of 0.6%; its service revenue hit 178 billion RMB, down 0.2% year on year. The net profit reached 9.5 billion RMB, representing a 34.6% year-on-year decline.
Shede Spirits: Net Profit of 145 Million Yuan in H1 2026, Down 67.26% Year on Year
36Kr learned from the announcement of Shede Spirits that its operating revenue in the first half of 2026 reached 2.287 billion yuan, down 15.34% year on year. The net profit attributable to shareholders of the listed company was 145 million yuan, decreasing by 67.26% year on year. The deducted non-recurring gains and losses net profit was 132 million yuan, down 69.84% year on year. The net profit in the same period of the previous year was 443 million yuan. There is no profit distribution plan for this reporting period.
Pony.ai: Total revenue in the second quarter reaches 246 million yuan, Robotaxi revenue increases by 691.2% year on year
36 Kr has learned that on August 18, Pony.ai released its financial report for the second quarter of 2026. The total revenue in the second quarter was 246 million yuan, up 68.8% year on year. The revenue of the Robotaxi business was 81.92 million yuan, with a sharp year-on-year increase of 691.2% and a quarter-on-quarter growth of 40.9%, accounting for one third of the total revenue and becoming an important driving force for performance growth. Among them, the revenue from passenger fares surged 849.3% year on year, hitting the highest single-quarter growth rate in history. As of June 30, 2026, the size of the Robotaxi fleet has reached 1975 vehicles. At present, the 7th-generation Robotaxi models developed based on three vehicle types of BAIC, GAC and Toyota have all been put into daily service. The company accelerates its overseas layout relying on the co-construction fleet model, with a total overseas deployment plan of more than 4000 Robotaxi units, including the cooperation plan with Uber to deploy more than 2000 units in five European cities.
Huaneng Power International: Net profit of 6.586 billion yuan in the first half of 2026, down 28.89% year on year
36Kr learned from the announcement of Huaneng Power International that the company achieved an operating revenue of 1069.09 billion yuan in the first half of 2026, a year-on-year decrease of 4.57%; the net profit attributable to shareholders of the listed company reached 65.86 billion yuan, down 28.89% year on year.
CSC Financial: Net profit for the first half of 2026 reaches 76.39 billion yuan, rising 69.44% year on year
36Kr learned from the announcement of CSC Financial that the company achieved an operating revenue of 162.29 billion yuan in the first half of 2026, a year-on-year increase of 51.11%; its net profit stood at 76.39 billion yuan, up 69.44% year on year. The company plans to distribute 22.49 billion yuan in cash dividends for the 2026 interim period, and this plan still needs to be submitted to the shareholders' meeting for approval.
Guotai Haitong: Net profit for the first half of 2026 hits 20.26 billion yuan, up 28.74% year-on-year
36Kr learned from the announcement of Guotai Haitong that the company achieved operating revenue of 47.163 billion yuan in the first half of 2026, with a year-on-year increase of 97.56%; the net profit attributable to owners of the parent company reached 20.26 billion yuan, up 28.74% year-on-year. The company plans to distribute a cash dividend of 3.0 yuan (tax included) per 10 shares to A-share shareholders and H-share shareholders, and the total amount of proposed cash dividends is 5.254 billion yuan (tax included), accounting for 25.93% of the net profit attributable to the parent in the first half of 2026.
OpenAI's Q2 revenue reached 6.7 billion US dollars, up 18% year on year
OpenAI's revenue in the second quarter increased by 18% to 6.7 billion US dollars, but its losses further expanded, and its business growth rate lags behind Anthropic. (Sina Finance)
Zhuye Group: Net profit of RMB 1.948 billion in the first half of 2026, up 232.75% year on year
36Kr learned from the announcement of Zhuye Group that the company realized operating revenue of RMB 14.15 billion in the first half of 2026, with a year-on-year increase of 35.91%; the net profit attributable to shareholders of the listed company hit RMB 1.948 billion, rising 232.75% year on year. The revenue growth is mainly due to the higher precious metal prices in the current period compared with the same period of last year.
Investment and Financing
"Hengwan Technology" completes hundreds of millions of yuan Series B financing
36Kr has learned that ZILLNK recently announced the completion of its Series B financing of several hundred million RMB. This round is led by Shenzhen Venture Capital, with participants including China Development Bank Science & Technology Innovation Investment, Wofu Venture Capital, Dongshan Precision and other institutions. The funds will be mainly used for independent R&D of core chips, AI-RAN and 6G technology research and development, as well as the in-depth expansion of overseas markets.
"Anlande Health" completes nearly 100 million yuan Series A financing
36Kr learned from Qiming Venture Partners that recently, "Anlande Health" announced the completion of its nearly 100 million yuan Series A financing, with exclusive investment from Qiming Venture Partners. The funds raised in this round will be mainly used to accelerate the domestic registration clinical trial process of the company's core product OpusOne™, and fully support the application and launch of its early-stage overseas clinical trials.
"SiSheng Technology" Completes Tens of Millions of Yuan in Seed+ Round Financing
36Kr learned that recently, AI-driven ultrasound brain-computer interface company "SiSheng Technology" announced that it has completed tens of millions of yuan in Seed+ round financing. This round of financing is led by China Automotive Innovation Investment, with participation from Yuanhe Puhua and Global Health Industry Innovation Center (GHIC). Existing shareholders Inno Angel Fund and Tsinghua Shuimu Alumni Seed Fund continued to increase their stakes, and Lighthouse Capital acted as the exclusive financial advisor. The funds from this round will be mainly used for the R&D of core ultrasound brain-computer interface technologies, the advancement of medical device products, the construction of multi-modal brain data and AI brain science platforms, and the expansion of the interdisciplinary talent team.
"Jaten Robot" Completes Tens of Millions of Yuan in Strategic Financing
36Kr has learned that recently, "Jaten Robot" announced the completion of tens of millions of yuan in strategic financing. This round of financing is led by the listed company Hiteker, with Doho Fund (whose LPs are Dongfang Precision, Leju Robotics and Doho's own capital) and Jinmu Capital participating in the investment, while CloudX Capital acts as the exclusive financial advisor for subsequent financing.
"Xinyang Micro Completes Tens of Millions of Yuan Angel Round Financing"
36Kr learned that Xinyang Micro, an underwater sensing chip enterprise, has recently completed an angel round of financing of tens of millions of yuan. The investors of this round are K2VC and Yinfeng Capital, and the funds will be mainly used for team building and talent system construction.
"YUSUR Technology" completes Series C+ financing, with a post-money valuation of nearly 7 billion yuan
36Kr learned that recently, domestic DPU chip enterprise "YUSUR Technology" has officially completed its Series C+ financing. This round of financing was jointly participated by multiple industrial capitals and policy-oriented funds including Yangtze Capital, Taiping Tech Innovation, Shangqi Capital, Yunfeng Capital, Zhejiang Industrial Investment, Zhiwei Capital, CIC Hi-Tech and others. After the financing, the post-money valuation of YUSUR Technology reaches nearly 7 billion yuan.
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Symbiosis Robotics Releases Humanoid Robot Racing Demo
36Kr learned that on August 17, the embodied AI startup Symbiosis Robotics released the demo of a bipedal humanoid robot driving a go-kart, which is the company's first systematic display of its phased progress in "full-body intelligence" since its founding. It is reported that Symbiosis Robotics focuses on the full-body intelligence foundation model for bipedal humanoid robots, and is committed to connecting the whole chain of perception, decision-making, full-body motion control and data training. The company said that it will rapidly iterate and release its technical progress, demos, open source projects and other related achievements in the future.
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