At 9 a.m., here are the latest news: Douyin responds to the "online harassment of Dr. Shao from Zhoukou"; The Human Resources and Social Security Bureau responds to Fat Donglai's plan to recruit people with a criminal record; The State Taxation Administration has found no tax-related issues involving Liu Xiaoqing.
Going Public in Progress
Wondershare Technology
36Kr learned that Wondershare Technology announced that the company held a board meeting on August 8, 2025, and deliberated and approved the proposal to issue H-shares and list on the Hong Kong Stock Exchange. This move aims to further advance the globalization strategy, enhance the international brand image and comprehensive competitiveness. This issuance and listing still need to be submitted to the company's shareholders' meeting for deliberation, and require the filing, approval and/or verification of relevant government agencies and regulatory authorities such as the China Securities Regulatory Commission, the Hong Kong Securities and Futures Commission, and the Hong Kong Stock Exchange. The specific details have not been finally determined and there are significant uncertainties.
TOP 3 News
Douyin Responds to "Doctor Shao in Zhoukou Being Cyberbullied": 15 Accounts of Suspected Parties and Their Families in Three Medical Disputes Found
On August 8th, the official Weibo account of "Douyin Blackboard" posted that recently, the tragic death of Dr. Shao, an obstetrician and gynecologist at the Sixth People's Hospital of Zhoukou City, who fell from a building, has drawn deep public concern. Like the majority of netizens, Douyin deeply regrets this incident.
After the incident, according to media reports, Dr. Shao had suffered continuous cyberbullying from the parties and their families involved in three medical disputes before her death. Douyin has also noticed that the public is concerned about the platform's relevant actions. Now, the information verified by the platform and the corresponding handling situations are hereby explained:
1. After verification, 15 accounts of the suspected parties and their families involved in the three medical disputes posted a total of 89 videos related to medical disputes in four periods from December 4, 2024, to January 20, 2025, March 30, 2025, May 27, 2025, and July 18, 2025, to August 1, 2025. The content included sharing personal medical experiences, expressing rights - protection demands, accusing or attacking the hospital and doctors. Among them, 76 videos violated the platform's rules and were immediately restricted in terms of traffic, not recommended, taken offline, made visible only to friends, or only visible to the poster after being posted. They also posted 962 comments related to medical disputes, including sharing personal medical experiences, expressing rights - protection demands, accusing or attacking the hospital and doctors. Among them, 457 comments violated the platform's rules and were immediately made visible only to the poster, visible to friends, or placed at the bottom after being posted.
2. Douyin verified the complaint records of Dr. Shao herself. From December 2024 to January 2025, the platform received a total of 48 infringement reports initiated by Dr. Shao and her agent. Among them, 32 reports were judged successful by the platform, and 19 corresponding pieces of content were taken offline (some reports were repeated). One repeatedly infringing account was punished by being banned from posting. For 8 reports, the corresponding content had been deleted before the handling.
3. Douyin verified the interaction situation of Dr. Shao's personal account in the past 8 months. From December 1, 2024, to August 2, 2025, Dr. Shao's personal account received more than 10,900 comments. Most of the content was normal interaction or praise and supportive remarks about her medical skills and ethics. A total of 60 attacking or unfriendly comments were identified, and 51 of them were handled by the platform on the day of posting or the next day.
Except for the accounts of the suspected parties and their families involved in the three medical disputes, no other users were found to have continuous and large - scale attacking or unfriendly remarks.
Currently, the platform is actively cooperating with the investigation work of relevant departments. Douyin is well aware of the importance of platform governance. Cracking down on cyberbullying and managing illegal content are the platform's bounden responsibilities and obligations. Douyin also knows that there are still deficiencies in relevant work and needs to be continuously improved. It is necessary to do a better job in protecting users. Douyin will continue to strengthen the management of illegal, unfriendly, and attacking content on the platform.
For users who may encounter cyberbullying, they can search for the keyword "cyberbullying" on Douyin and use the "One - click Anti - cyberbullying" function to turn on anti - disturbance protection. If users find content that infringes their rights, they can select "Rights Infringement" on the reporting interface to initiate a complaint, and the platform will handle it immediately. The platform will also continuously optimize its service capabilities and work with all parties to provide stronger protection and support for victims of cyberbullying.
(Jiemian News)
Fat Donglai Plans 2% of Positions for People with Criminal Records, Xinxiang Human Resources and Social Security Bureau: Recruitment Information is at the Enterprise's Discretion
On August 8th, Yu Donglai, the founder of Fat Donglai, posted on his social media platform that the recruitment for the third Fat Donglai store in Xinxiang has begun. It is estimated that there will be around 1,000 positions available. This time, 20% of the positions are planned for retired border defense soldiers. Notably, 2% of the positions are also planned for former inmates with a criminal history. A staff member from the Xinxiang Human Resources and Social Security Bureau said that they haven't noticed Fat Donglai's recruitment plan in Xinxiang yet. Regarding the act of planning positions for former inmates mentioned in it, she stated that it is the enterprise's freedom to release recruitment information. For specific details, you can consult Fat Donglai. "The one who releases the information has the final say." (Jiemian News)
Official Response to Allegations of Tax Evasion Against Liu Xiaoqing: No Tax - related Issues Found as Reported
On August 8th, the Fourth Inspection Bureau of the Shanghai Tax Service of the State Taxation Administration announced that recently, the bureau legally investigated the tax - related illegal issues reported by Wang against Liu Xiaoqing and related enterprises. After investigation, no tax - related issues as reported were found. On the same day, Liu Xiaoqing posted a statement saying, "Previously, there were reports of tax - related illegal issues against myself and related enterprises. After verification by the tax authorities, no tax - related issues as reported were found. Paying taxes in accordance with the law is the legal obligation of every citizen. I will continue to abide by national laws and regulations and pay taxes in good faith." (Jiemian News)
Large Companies/ Major Events
Beijing: Eligible Families No Longer Restricted on the Number of Housing Purchases Outside the Fifth Ring Road
On August 8th, the Beijing Municipal Commission of Housing and Urban - Rural Development and the Beijing Housing Provident Fund Management Center issued a notice on further optimizing and adjusting relevant real - estate policies in the city. The notice shows that resident families that meet the conditions for purchasing commercial housing in Beijing (including resident families with Beijing household registration and non - Beijing household registration resident families that have continuously paid social insurance or individual income tax for the relevant number of years in the city) are not restricted on the number of commercial housing purchases (including newly - built commercial housing and second - hand housing) outside the Fifth Ring Road.
Previously, according to the "Notice on Optimizing and Adjusting the Housing Purchase Restriction Policy in the City" issued by the Beijing Municipal Commission of Housing and Urban - Rural Development in 2024, resident families that have reached the restricted number of housing purchases were allowed to purchase one more housing outside the Fifth Ring Road. (Jiemian News, Beijing Daily)
Dong Mingzhu Responds Again to the Controversy over the Rose Air Conditioner: It May Not Be That Beautiful, but It's the World's First
On August 8th, Dong Mingzhu, the chairperson of Gree Electric Appliances, responded to the controversy over the rose air conditioner at the 19th China Brand Festival in 2025. Dong Mingzhu said that the rose air conditioner is priced at 32,000 yuan and is the world's first air conditioner with a bionic rose appearance, equipped with 3D stereo ink screen printing technology. "The rose air conditioner may not be that beautiful, but it's the world's first. Do you dare to do that?" Dong Mingzhu retorted.
Dong Mingzhu also shouted to the audience below the stage: It's a mistake if you don't use Gree's washing machines and refrigerators. "My refrigerator can save energy. At the same time, if you put fruits and vegetables in it for twenty days, they will still be as fresh as if they were just picked from the ground, and all the nutrients are retained." (Sina Tech)
Kwai's Local Life Launches Independent Food Delivery Entrance, with Delivery Provided by Third Parties
Jiemian News has learned that Kwai's Local Life has launched an independent "Food Delivery" entrance on the "Group Buying" page. Users can click on "Food Delivery" to enter the page and place an order. After selecting "Order Online", they will be redirected to a third - party mini - program, and the third party will provide manpower for delivery. Currently, most of the products in Kwai's "Food Delivery" section are jointly built through cooperation with third parties, with a focus on promoting high - quality food products. More merchants and categories will be covered in the future. According to official information, in the second quarter of this year, the number of users who paid for local food delivery products on Kwai increased by more than three times compared with the previous quarter. (Jiemian News)
Zong Fuli Invests 1 Billion Yuan to Build a New Beverage Base in Xi'an
Public information shows that recently, the project of the new beverage base of Xi'an Hengfeng Beverage Co., Ltd. (Hongsheng's Xi'an project) has passed the approval. According to the announcement, the total investment of this project is 1 billion RMB, mainly for the production of purified water, tea beverages, coffee, fruit juices, milk - containing beverages, etc.
Xi'an Hengfeng Beverage Co., Ltd. (formerly known as Lishui Hengfeng Beverage Co., Ltd.) was established in 2017. It is a member of Hangzhou Wahaha Future Cola Beverage Co., Ltd. Located in Xi'an, Shaanxi Province, it is an enterprise mainly engaged in the wholesale industry. The registered capital of the enterprise is 45 million US dollars.
According to Xi'an Evening News, in March this year, the Xi'an Economic Development Zone signed a project entry agreement with Wahaha Group. Wahaha Group will invest 1 billion yuan to build a beverage production base in Xi'an in the Jingwei Industrial Park of the Economic Development Zone. This is Wahaha Group's first investment project in Xi'an. (Jiemian News, Xi'an Evening News)
After being investigated for two and a half years, Bao Fan of China Renaissance "returns"
There is new news about Bao Fan, the "key figure" of China Renaissance (01911.HK). Several people close to China Renaissance told Jiemian News that "Bao Fan has 'come out' recently and is no longer involved in the group's daily operations." Subsequently, China Renaissance told Jiemian News that "there is no relevant response. All information should be based on China Renaissance's official announcements." In the venture capital circle, Bao Fan is undoubtedly an iconic figure. From 1993 to 2000, Bao Fan worked at Morgan Stanley and Credit Suisse respectively, and was involved in key business operations such as fundraising, syndicated loans, and mergers and acquisitions of many multinational enterprises. In 2005, Bao Fan founded China Renaissance Group, and in 2018, China Renaissance was listed on the Hong Kong Stock Exchange. In 2015, Bao Fan was included in the list of the 50 most influential people in global finance by Bloomberg Markets, ranking 22nd. However, the life trajectory of this "capital tycoon" took a major turn in 2023. (Jiemian News)
Stock price of "clog" maker Crocs plunges nearly 30%
On August 7 local time, Crocs, the maker of "clogs", issued its earnings guidance, stating that its revenue in the third quarter is expected to decline by 9% to 11% year-on-year. By the close of trading, the company's stock price tumbled 29.2%. (Jiemian News)
The 2025 World Robot Conference Opens, with a Robot as the On - site Host
On the morning of August 8th, the 2025 World Robot Conference was held in the Beijing Economic - Technological Development Area. This year's conference consists of an opening ceremony, a closing ceremony, forums, and related supporting activities. Meanwhile, events such as the World Robot Expo and the World Robot Contest will also be held. (Beijing News)
Apple, Huawei and Others Drive the Trend of Phones Going SIM - Free
It is reported that Huawei has launched a new triple - foldable phone supporting eSIM, which is expected to become the first commercially available e - SIM smartphone in China. According to Star Market Daily, Huawei does have relevant plans. Moreover, it's possible that one model of the upcoming Huawei Mate 80 series will also support eSIM. In addition, a relevant person in charge of OPPO told a reporter from Star Market Daily that the first batch of phones supporting eSIM are expected to be launched by the end of this year.
eSIM is a technology that directly embeds the traditional SIM card into the device chip. Users don't need to insert a physical SIM card, which can save internal space in terminals such as phones and tablets. Domestic telecom operators launched the eSIM service several years ago, but new applications for this service were suspended in 2023 due to factors such as security risks. (Star Market Daily)
Musk Halts Tesla's In-house Chip R&D Project
People familiar with the matter revealed that Tesla is disbanding its Dojo supercomputer team, and the team leader will leave the company. This decision has disrupted the electric vehicle manufacturer's plan to independently develop self-driving chips. The people familiar with the matter said that Tesla CEO Elon Musk has ordered the closure of this project, and Peter Bannon, the head of Dojo, will leave the company. They also said that in the future, Tesla will rely more on external technology partners, including NVIDIA and AMD for computing power and Samsung Electronics for chip manufacturing. Just last week, Tesla announced a $16.5 billion agreement with Samsung. (STAR Market Daily)
Newly launched Moutai priced at 7,000 yuan sold out within 2 minutes, scalpers are already quoting over 10,000 yuan
The new product of Guizhou Moutai (commemorating the 70th anniversary of the listing of the Five - Star trademark) was officially launched on the iMoutai App, priced at 7,000 yuan per bottle. There are a limited number of 25,568 bottles of this product, and each bottle is printed with a unique identification code (from 19540501 to 20240430). This new product was sold out within 2 minutes after its launch. Shortly after the sale started, a reporter saw on an e - commerce platform that someone was quoting 10,999 yuan per bottle. The shop owner claimed that the products were genuine and said, "There is a relatively large quantity, and you can choose (the codes)." Currently, 6 people have paid for the product on this link. However, the offline circulation channels are more rational. At present, the market price on third - party quotation platforms has only increased by about 500 yuan, with a quoted price of 7,500 yuan per bottle. (Caixin, National Business Daily)
Swire Properties Reports Loss for the First Time in 15 Years
On August 7, Swire Properties (01972.HK) also released its interim results report for 2025 and held an earnings briefing. In the past six months, Swire Properties increased its revenue but not its profit, reporting a loss in the attributable profit for shareholders for the first time since 2010.
In the first half of this year, Swire Properties recorded a reported attributable loss of HK$1.202 billion for shareholders, in contrast to the profit of HK$1.796 billion in the same period of 2024. According to Choice data, this is the first time that Swire Properties has reported a loss in the attributable profit for shareholders in the interim period since 2010. (Jiemian News)
Cambodian Prime Minister: Has Formally Nominated Trump as a Candidate for the Nobel Peace Prize
Cambodian Prime Minister Hun Manet announced on the evening of August 7 that he had officially written to the Norwegian Nobel Committee, nominating US President Donald Trump as a candidate for the Nobel Peace Prize, and praising his role in facilitating a cease - fire in the Cambodia - Thailand border conflict. Not long ago, Trump reduced the threatened tariff rate on Cambodia from 49% to 19%.
On the evening of August 7 local time, Hun Manet published the letter addressed to the Nobel Committee on social media Facebook, in which he praised Trump for showing "extraordinary political talent" and achieving "outstanding achievements" in easing tensions in some of the world's most volatile regions. According to a Reuters report, Trump called the leaders of Thailand and Cambodia on July 26. Hun Manet said in the letter that Trump's intervention had averted a "conflict that could have had devastating consequences" and facilitated the restoration of peace between the two countries. (Yicai Global)
Ingka Centers Responds to Rumors of Packaged Sale of 10 Livat Shopping Malls
Recently, some media reported that Ingka is planning to sell 10 Livat (Livat is a brand name) shopping malls in China in a package. Ingka Centers stated, "We do not comment on market rumors and speculations. Since Ingka Centers entered the Chinese market 16 years ago, China has always been one of our most important markets." On August 8th, Ingka Centers also emphasized to reporters that Livat Xi'an and Livat Shanghai opened last year. Among them, Livat Shanghai has a total investment of over 8 billion yuan, making it the largest single - investment project in China to date. Ingka Centers has been evaluating and monitoring market investment opportunities. (NBD)
Ocean University of China Responds to the Appearance of Seawater Pendants on Second - hand Platforms: The Official Will Not Sell Them, Beware of Scams
Recently, some netizens posted photos of the admission notice gift box for undergraduates from the Ocean University of China. The gift box contains a teardrop - shaped pendant filled with Antarctic seawater, which has been hailed by netizens as "the most romantic admission notice in the whole network". On August 7th, reporters found that the Antarctic seawater pendants had appeared on a second - hand platform. Some people were selling them at a price of 5,000 yuan, while others were offering prices ranging from 300 yuan to 3,000 yuan to buy them.
On August 7th, reporters called the Undergraduate Admissions Office of the Ocean University of China to inquire about this matter. A staff member said that the Ocean University of China's official does not sell these Antarctic seawater pendants, and the sales on the second - hand platform are also not official sales. The staff member emphasized that scammers may produce and sell fake products, so people should be able to identify them and are not advised to buy at high prices. "All we can remind is that many things online may be fake. Be careful and don't get scammed." (Upstream News)
China National Biotec Group's Adalimumab Injection Approved for Marketing
36Kr learned that according to China National Biotec Group, on August 5, 2025, the Adalimumab Injection (trade name: Shengaining®) developed by Wuhan Institute of Biological Products of China National Biotec Group received the "Drug Registration Certificate" issued by the National Medical Products Administration (NMPA). This product is the first fully human monoclonal antibody drug independently developed and approved for production by an enterprise in Hubei Province as the marketing authorization holder. The approved indications are exactly the same as the 8 indications approved for the original drug in China, namely for the treatment of rheumatoid arthritis, ankylosing spondylitis, psoriasis, Crohn's disease, uveitis, polyarticular juvenile idiopathic arthritis, pediatric plaque psoriasis, and pediatric Crohn's disease.
Japan may face an additional 15% tariff on top of the original rate, and Japan requests a revision
The so - called "reciprocal tariff" document recently released by the US government shows that the newly established special measures will only apply to the European Union, and Japan and other countries and regions are not included in the scope of application. This means that some Japanese goods may be subject to a tariff rate 15% higher than the rate agreed upon between the US and Japan.
Specifically, according to Japan's original understanding, for product categories with a previous tariff rate of less than 15%, the rate would be uniformly adjusted to 15%, and for those with a rate above 15%, no additional tariff would be imposed. However, neither the presidential order signed by Trump nor the just - released document mentions any special treatment for Japan. In response, Akazawa Ryo, the Japanese Minister in charge of Economic Revitalization who is currently in the US for negotiations, plans to hold talks with the US Secretary of Commerce and others to request a revision. (CCTV Finance)
After being asked to step down by Trump, Intel CEO Pat Gelsinger speaks out
After Intel responded to Trump's call for the company's CEO to step down, Pat Gelsinger himself also spoke out.
On August 8th Beijing time, Jiemian News learned that Pat Gelsinger published an open letter of nearly 700 words on Intel's official website. In the letter, he said, "The United States is the home where I have lived for more than 40 years. I love this country and am deeply grateful for the opportunities it has given me. I also love this company deeply. Leading Intel at this critical time is not only a job for me, but also an honor."
At the end of the letter, he said, "Looking to the future, our mission is clear and the opportunities are huge. I am extremely proud to embark on this journey with all of you." It is suspected that he is implying that he will not resign. (Jiemian News)
CSRC Severely Investigates and Punishes the Serious Financial Fraud Case of ST Gaohong
On August 8th, the China Securities Regulatory Commission (CSRC) issued a prior notice of administrative penalty in accordance with the law regarding the suspected illegal and irregular information disclosure of Datang Gaohong Network Co., Ltd. (hereinafter referred to as *ST Gaohong), a listed company on the main board of the Shenzhen Stock Exchange. After investigation, *ST Gaohong has long carried out "empty circulation" and "paper - only" businesses such as notebook computers without commercial substance, significantly inflating revenues and profits, which violates securities laws and regulations. The CSRC intends to impose a fine of 160 million yuan on the relevant responsible entities and a fine of 7 million yuan on the third - party that colluded in the fraud. *ST Gaohong is suspected of triggering the circumstances for compulsory delisting due to major violations, and the Shenzhen Stock Exchange will initiate the delisting procedure in accordance with the law. Regarding the possible criminal clues involved, the CSRC will adhere to the principle of transferring all eligible cases and transfer them to the public security organs in strict accordance with the provisions of the "Criminal Law" and the "Regulations on the Standards for Filing and Prosecution of Criminal Cases under the Jurisdiction of Public Security Organs (II)" issued by the Supreme People's Procuratorate and the Ministry of Public Security. (National Business Daily)
The 2025 World Robot Conference Expo Officially Opens: Robots Are Priced Clearly
On the afternoon of August 8th, the 2025 World Robot Conference Expo officially opened. A reporter from NBD (National Business Daily) found that, different from previous exhibitions, the prices of robots, especially humanoid robots, are no longer a "confidential" matter this year. In the Robot World 2.0 exhibition area, robots from multiple robot manufacturers, such as Benmo Technology, Beijing Humanoid Robot Innovation Center, Acceleration Evolution, and Ubtech, are all marked with prices. The price of a single robot ranges from 80,000 yuan to 800,000 yuan.
In addition, on August 8th, the world's first embodied intelligent robot 4S store - Robot Mall officially opened for business. Similar to a car 4S store, this robot 4S store also integrates functions such as robot "Sales (Sale), Spare parts supply (Sparepart), After - sales service (Service), and Information feedback (Survey)". (National Business Daily)
The Cutting - Edge of AI
The Talent War Heats Up: Apple's Core AI Team Is Nearly Drained
The Financial Times reported on August 7 that since 2025, various companies have launched talent - poaching plans, resulting in a severe loss of personnel from Apple's AI team. These employees have flocked to companies such as Meta, OpenAI, and xAI.
The most notable departures are Pang Ruoming, the head of Apple's basic model team, and Zhang Bowen, a key researcher in the field of multimodal AI at Apple. In addition, two other researchers from Apple's AI team, Tom Gunter and Mark Lee, have recently joined Meta.
Industry insiders believe that these departures reflect a "trust crisis" that Apple is facing in the AI field. At a recent earnings conference call, Apple CEO Tim Cook encouraged the AI team. He said that the "pie" of AI will be bigger than that of smartphones and the Internet. Therefore, Apple has currently prioritized the development of its AI business. (Sina Technology)
Tesla Disbands Dojo Supercomputer Team, AI Efforts Take a Hit
According to people familiar with the matter, Tesla is disbanding its Dojo team, and the team's leader is also leaving. This move has completely disrupted the automaker's efforts to build an in - house supercomputer to develop self - driving technology. The people familiar with the matter (who requested anonymity because they were discussing internal affairs) said that Peter Bannon, who was in charge of the Dojo project, is about to leave, and CEO Elon Musk has ordered the termination of the project. It is understood that about 20 employees of the team have recently jumped to the newly established DensityAI company, and the remaining employees will be reassigned to other data center and computing projects within Tesla. (Sina Finance)
Financial Reports of Big Companies
Toread: Net profit in the first half of the year is expected to decline by 74.27% - 81.29% year-on-year
36Kr learned that Toread announced that it expects the net profit attributable to shareholders of the listed company in the first half of 2025 to be between 16 million yuan and 22 million yuan, a year-on-year decrease of 74.27% - 81.29%. The change in performance is mainly due to the impact of the market environment and new product iterations on the outdoor business, resulting in a decline in sales revenue and an increase in inventory impairment provisions. The chip business was affected by exchange rate fluctuations, leading to a significant change in exchange gains and losses, which comprehensively led to a decline in profits.
Cool Products
He Xiaopeng: XPeng X9 Super Electric Vehicle Model to Be Launched in the Fourth Quarter
36Kr learned that He Xiaopeng, the chairman of XPeng Motors, posted on Weibo that on August 8th, the official website of the Ministry of Industry and Information Technology announced XPeng's first super electric vehicle model, the XPeng X9, which will be officially launched in the fourth quarter.
Vbot Vita Power Unveils China's First Intelligent Companion Robot
36Kr learned that on August 8th, Vbot Vita Power officially launched China's first intelligent companion robot at the 2025 World Robot Conference (WRC). This robot doesn't require a remote - control and is equipped with VLA autonomous movement and Agent visual - language interaction capabilities.
All-new Pure Electric SUV "Zhiyin" Rolls off the Production Line, Pre-sale to Start on August 13
36Kr learned that on August 8, the all-new pure electric SUV "Lantu Zhiyin", a product of the in-depth cooperation between Huawei and Lantu, officially rolled off the production line at the Wuhan Yunfeng Factory. According to the introduction, this vehicle is equipped with Huawei's Qiankun Intelligent Driving ADS 4.0 and Hongmeng Cockpit HarmonySpace 5, targeting the market segment priced around 250,000 yuan. It will be available for pre-sale on August 13 and launched at the end of the month.
Compiled | Anya Sun