8:00 am, Yi Krypton News | The national child - rearing subsidy program is announced: 3,600 yuan per year for each child under 3 years old; Shi Yongxin was reported to have a chaotic private life 10 years ago; The Pacific island nation of Tuvalu plans to relocate its entire population.

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Montage Technology Group Limited

36Kr learned that according to documents from the Hong Kong Stock Exchange, Montage Technology Group Limited submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are China International Capital Corporation, Morgan Stanley, and UBS.

Top 3 Big News

National Childcare Subsidy Program Announced: 3,600 Yuan per Child per Year for Children under 3 Years Old

The implementation plan for the national childcare subsidy system was announced on July 28. Starting from January 1, 2025, subsidies will be provided for children under 3 years old born in line with laws and regulations until they reach the age of 3. The childcare subsidy will be issued annually, and the current national basic standard is 3,600 yuan per child per year. Among them, for children born before January 1, 2025, who are under 3 years old, the subsidy will be calculated and issued based on the number of months eligible for the subsidy. (Xinhua News Agency)

The Chinese Buddhist Association has cancelled the precept certificate of Shi Yongxin. Shi Yongxin was reported to have a chaotic private life 10 years ago.

On July 28th, the Chinese Buddhist Association issued an announcement stating that it firmly supports and upholds the decision to handle the case of Shi Yongxin in accordance with the law. Recently, the Chinese Buddhist Association received a report from the Henan Provincial Buddhist Association titled "Report on Cancelling the Precept Certificate of Shi Yongxin". According to relevant regulations, it has agreed to cancel the precept certificate of Shi Yongxin (whose secular name is Liu Yingcheng).

10 years ago, Shi Yongxin, the abbot of the Shaolin Temple, was reported to have a chaotic private life, which caused a great stir. On July 25th, 2015, an online post titled "Who Will Supervise Shi Yongxin, the 'Big Tiger' - the Abbot of the Shaolin Temple", signed by "Shi Zhengyi, an insider of the Shaolin Temple" and with a phone number left, went viral. The post claimed that Shi Yongxin had two household registrations and two IDs, and listed his ID numbers. It also alleged that Shi Yongxin had a mistress and committed adultery with a woman. On the night of the next day, the official website of the Shaolin Temple released a report to the police, demanding that "the relevant departments should quickly investigate and punish the rumor - mongers in accordance with the law." (Xinhua News Agency, The Paper)

Pacific island nation of Tuvalu plans to relocate the entire country

It is reported that in response to climate change, the Pacific island nation of Tuvalu is planning to "relocate the entire country". The report said that this is the world's first country to plan an overall relocation. This country, whose highest point of land is no more than five meters above sea - level and has an average altitude of only two meters, may be submerged in 25 years. Official data shows that more than 80% of Tuvalu residents have applied for climate visas to Australia to seek asylum. (Red Star News)

Large companies/Big events

BOSS Zhipin Responds to the Existence of Vulgar Information: The Job Seeker was Actually a Man Pretending to be a Woman

On July 28th, BOSS Zhipin issued a statement saying that recently, there was information circulating online that a so - called "job seeker" named "Wang Moxiang" on the BOSS Zhipin platform had used vulgar language when communicating with recruiters. The company attached great importance to this issue and immediately blocked the involved account. It also cooperated with the police in Shandong to conduct investigations.

After verification with the police, the user of the account is a man surnamed Yin. In order to seek excitement, he stole others' information, pretended to be a woman to apply for jobs, and maliciously fabricated false information with sexual implications, which had a bad impact on the woman whose identity was misused. Currently, the man has been criminally detained by the local police. (Jiemian News)

The three major U.S. stock indexes closed mixed, with Tesla rising more than 3%

36Kr learned that at the close on July 28, the three major U.S. stock indexes closed mixed. The Dow fell 0.14%, the Nasdaq rose 0.22%, and the S&P 500 index rose 0.02%. Large technology stocks closed mixed. Tesla rose more than 3%, and NVIDIA rose more than 1%. Arm, Meta, Amazon, and Apple rose slightly; Netflix, Google, and Microsoft fell slightly. Most popular Chinese concept stocks fell. iQiyi fell more than 3%, NetEase and Bilibili fell more than 2%, and NIO, Li Auto, Pinduoduo, and Baidu fell more than 1%; Alibaba and Tencent Music rose more than 1%.

There are strong calls for multiple parties to cut interest rates, and the Fed may still stay put this month

Against the backdrop of rising calls from US President Donald Trump and internal officials for an interest rate cut, and with the US dollar and US stocks being regarded by the market as facing pressure in the later period, the Federal Reserve is about to hold a new round of monetary policy meetings from July 29th to 30th. The market generally expects that the Fed will stay put at this meeting and may cut interest rates again in September. (Economic Information Daily)

Japan Expects Only 1% - 2% of $550 Billion U.S. Fund to Be Used for Investment

Japan's chief negotiator, Ryosei Akazawa, said that Japan expects only 1% to 2% of the recently agreed-upon $550 billion U.S. fund to be used for investment, while most of the rest will be provided in the form of loans. Akazawa revealed to Japanese public broadcaster NHK on Saturday that, at the same time, through the agreement reached with the United States, Tokyo is expected to save about 10 trillion yen (equivalent to $68 billion) by reducing tariff rates. The details disclosed by Akazawa indicate that Japan's final concessions may be far less than they appear on the surface. (Sina Finance)

The judicial auction of the property involved in the "Chongqing siblings' fall to death case" was withdrawn again

The judicial auction of the property in the "Chongqing siblings' fall to death case", which was originally scheduled from August 7th to August 8th, has been withdrawn again. An employee of the auction company said that it was withdrawn at the request of the executor. The property owes a total of 4,170 yuan in property management fees.

According to previous media reports, a property on Tenglong Avenue, Nan'an District, Chongqing was put up for auction on the Ali Judicial Auction platform, attracting the attention of netizens. According to a special reminder in the judicial auction notice, in this property, Zhang and Ye Chen pushed two young children downstairs, resulting in their deaths. According to the information published on the Ali Judicial Auction platform, the property is located at Room 15 - 4, Building 4, No. 50, Tenglong Avenue, Nan'an District, Chongqing, with an area of 82.43 square meters and owes 4,170 yuan in property management fees. The appraised value is 1.0798 million yuan, and the starting bid price is 604,688 yuan. (Luzhong Morning Post)

Juran Smart Home: Actual Controller, Chairman and CEO Wang Linpeng Passed Away

36Kr learned that Juran Smart Home announced on July 28 that Wang Linpeng, the company's actual controller, chairman and CEO, unfortunately passed away at home on July 27, 2025. The company has made proper arrangements for relevant matters. The daily operation and management are under the responsibility of the senior management team, and the company's operation is normal.

NASA Discovers a Gold Planet Valued at 553 Quadrillion Yuan

It is reported that the National Aeronautics and Space Administration (NASA) has discovered a huge "gold deposit" on the 16 Psyche in the asteroid belt. According to The Plus, the metal-rich asteroid contains metals (including gold, iron, and nickel) valued at up to 700 trillion euros (approximately 553 quadrillion yuan). If this wealth were evenly distributed among the world's approximately 8 billion population, each person could theoretically receive about 87.5 billion euros (approximately 691.2 billion yuan). However, experts have warned that this could have a catastrophic impact on the global economy, potentially further widening the gap between the rich and the poor and triggering inflation and soaring prices.

NASA launched the "Psyche" spacecraft in October 2023, officially kicking off the exploration mission of this metallic asteroid. The spacecraft is expected to reach its target in 2029. (Red Star News)

State Administration for Market Regulation: Regulate inferior and low - price competition among enterprises in accordance with laws and regulations

36Kr learned that according to the official WeChat account of the State Administration for Market Regulation, from July 27th to the morning of July 28th, a symposium on market regulation development planning was held in Beijing. The meeting required that efforts should be made to strengthen the domestic market, accelerate the improvement of basic market regulation systems, focus on eliminating local protectionism and market segmentation, and regulate inferior and low - price competition among enterprises in accordance with laws and regulations. It is necessary to enhance the safety supervision capabilities of food, drugs, industrial products, and special equipment, strengthen the full - chain supervision of food safety, improve the supervision capabilities of drug safety, raise the quality and safety level of industrial products, and enhance the quality and efficiency of special equipment safety supervision.

OEM Manufacturer Apologizes for Moldy Malujiji Spicy and Sour Noodles

Recently, many netizens posted on social platforms, saying that "Costco has removed Malujiji's spicy and sour noodles from the shelves and recalled the products", which sparked a heated discussion. In response, on July 27, Baojia Akuan, the OEM manufacturer of the products, issued a statement on its official Weibo, saying that it had noticed the feedback from customers and end - users that there were individual cases of white and moldy powder cakes in the 270g Malujiji spicy and sour noodles manufactured by the company. The company immediately cooperated with the customer's request to conduct a comprehensive and thorough investigation of the products. A recall notice has now been issued. All products of this specification with quality risks have been removed from the shelves, and the company will conduct further investigation and traceability processing. After verification, the problems are concentrated in the products of two batches produced on June 16 and June 18, 2025. The main reason is that there were deficiencies in the disinfection process during production, which may have led to some products being contaminated by environmental bacteria, resulting in a shortened shelf - life or mildew of the wet powder cakes.

The company will initiate a recall for consumers who have purchased the above - mentioned problematic batches of products. The company will bear all return costs and provide corresponding economic compensation in strict accordance with national regulations to make up for the inconvenience caused to consumers. (Jiemian News)

Dahua Intelligent: Under Investigation by China Securities Regulatory Commission for Alleged Violations of Information Disclosure Regulations

36Kr learned that Dahua Intelligent announced that the company recently received a "Case Filing Notice" issued by the China Securities Regulatory Commission. Due to the company's alleged violations of information disclosure regulations, the China Securities Regulatory Commission decided to file a case against the company. During the investigation period, the company will actively cooperate with the investigation work and strictly fulfill its information disclosure obligations.

VP of XPeng Motors Posts to Debunk Rumor of "Reinstalling Lidar"

On July 28, there were reports that XPeng Motors was considering product line integration and might reinstall lidar in its vehicles later. In response, "Thomas Electric Train", the vice president of XPeng Motors, posted a statement saying, "Regarding such rumor - spreading media, regardless of their purposes, we will have our legal department and relevant government agencies handle them seriously from now on, including the one from a few days ago. The model of spreading rumors and forcing companies to issue debunking statements won't work. According to experience, someone will surely pay a huge price one day as a warning to others." (Jiemian News)

Dalian's First Apple Store to Close: Apple's First Direct Store Shutdown in China

According to Apple's official website in China, the Apple Store at Dalian Parkson Mall will cease operations at 20:00 on August 9, 2025.

As the first Apple official direct store in Dalian and the second in Liaoning Province, this store has accompanied local consumers for nearly 10 years since its opening in October 2015. After the closure, the only remaining Apple Store in Dalian will be the one at Hang Lung Plaza. Analysts believe that the main reasons for this closure may be related to the decline in the number of visitors to the Parkson Mall in recent years and the expiration of the lease without renewal. (Metro Express)

Samsung Secures $16.5 Billion Chip Contract from Tesla

On July 28th, the news that Samsung had reached a chip supply agreement worth $16.5 billion with a large multinational company became the focus of attention in the global semiconductor industry. Just hours after Samsung announced this news in the morning, which caused a significant increase in its stock price in the South Korean stock market, Tesla CEO Elon Musk couldn't wait to reveal that it was Tesla that had signed this large - scale order with Samsung.

On the morning of July 28th, Beijing time, Tesla CEO Elon Musk confirmed on X that the company had signed a chip procurement agreement with Samsung Electronics. This move is expected to boost the loss - making contract manufacturing business of this South Korean technology giant. (Caixin)

The Chinese official website of Firefox will cease operations

The Firefox browser, Firefox community, and Firefox Passport accounts are all authorized products of Mozilla. Authorized by Mozilla, Beijing Firefox is responsible for some Firefox browser-related businesses in the Chinese mainland. On May 8, 2025, Mozilla and Beijing Firefox reached an agreement that Beijing Firefox will no longer operate the Firefox browser and any businesses related to Firefox in the Chinese mainland. Therefore, after September 29, 2025, Beijing Firefox will officially terminate its operations in the Chinese mainland related to Mozilla and the Firefox browser. The Firefox browser will continue to be available and maintain all its functions in the Chinese mainland. (Jiemian News)

Tata Consultancy, an Indian software services giant, to lay off 12,000 employees

It is reported that Tata Consultancy Services (TCS) of India said on July 27 local time that due to the shrinking industry demand, the company will cut about 2% of its global workforce, approximately 12,000 jobs. The report said that this Indian software services industry giant stated that the layoffs will mainly affect mid - to senior - level employees and will be implemented within this year. The IT services industry is one of India's major sources of income, and TCS has 613,000 employees globally. The company said that this move is to enter new markets and expand the scale of artificial intelligence applications, etc. (China News Service)

Malfunction in the Information System of Aeroflot

Aeroflot announced on social media on July 28 that a malfunction in the company's information system would affect flight operations. The announcement stated that due to the information system malfunction, the company might suspend services and adjust flight schedules. As a result, some flights would be delayed or cancelled. Currently, the expert team is working hard to minimize the risks associated with flight plan adjustments and resume normal operations as soon as possible. (Xinhua News Agency)

Home prices in all regions outside South Korea's capital area fell in the first half of the year, while prices in Seoul rose 0.39%

Data released by the Bank of Korea on Monday showed that in the first half of 2025, home prices in all regions of South Korea fell, except in Seoul and its surrounding metropolitan areas. According to the Bank of Korea, the average monthly sales price of homes in the capital area rose 0.1% in the first half of this year compared with the end of last year. This increase was driven by a surge in home prices in Seoul and some parts of the capital area, spurred by a loosening of the financial environment and expectations of further price increases under the new government. To curb home prices, the South Korean government implemented stricter lending rules at the end of June. In particular, home prices in Seoul rose 0.39% during these six months. (Sina Finance)

State Taxation Administration: Since 2021, more than 360 cases of tax evasion by live - streamers have been investigated, and over 3 billion yuan in back - taxes have been recovered from live - streamers

On the morning of July 28, the State Council Information Office held a series of themed press conferences on "High - quality Completion of the 14th Five - Year Plan". At the meeting, Cai Zili, the deputy director of the State Taxation Administration, said that the State Taxation Administration also promotes compliance through precise supervision, resolutely and legally investigates and punishes tax evasion, and has cumulatively exposed more than 60 cases of tax evasion by online live - streamers and entertainment industry practitioners to strengthen the concept of paying taxes in accordance with the law through warnings and deterrence.

Wang Daoshu, the deputy director of the State Taxation Administration, introduced that in terms of investigating and punishing violations, the focus is on key individuals, and a number of tax evasion cases involving high - income individuals, including online live - streamers and celebrities, have been investigated and punished in accordance with the law. Among them, since 2021, more than 360 cases of tax evasion by online live - streamers have been investigated, and over 3 billion yuan in back - taxes have been recovered. (CCTV News)

The Cutting - Edge of AI

Shanghai: Provide rent exemptions ranging from 6 months to 3 years or one-time startup fees for eligible AI talent entrepreneurial teams

36Kr learned that the Shanghai Municipal Commission of Economy and Informatization has issued "Several Measures for Further Expanding the Application of Artificial Intelligence in Shanghai", which mentions accelerating the agglomeration and development of the industry. Build AI towns and promote the construction of high-density, low-cost AI industrial agglomeration areas. The municipal and district governments will provide coordinated supporting measures. Eligible innovative enterprises will receive subsidies in the form of computing power vouchers, model vouchers, and corpus vouchers worth up to 1 million yuan each, with up to 100% support. Actively promote the "application-free enjoyment" of subsidies. Provide rent exemptions ranging from 6 months to 3 years or one-time startup fees for eligible AI talent entrepreneurial teams.

Deputy General Manager of Unitree Technology: Humanoid Robots Are Facing the Dilemma of "Pseudo-Intelligence", and the Core Defect Is Mainly Fragmented Environmental Perception

At the "Artificial Intelligence +" Strategic Leading Talents and Innovation Development Forum of the 2025 World Artificial Intelligence Conference, Wang Qizhou, the co-founder and deputy general manager of well - known robot company Unitree Technology, pointed out that humanoid robots are facing the dilemma of "pseudo - intelligence". For example, the dance moves of humanoid robots are pre - set and pre - trained, and they do not have the decision - making ability in real scenarios. "The core defect is mainly the fragmentation of environmental perception, including the lack of action coherence and the insufficiency of multi - task generalization ability." (The Paper)

The official version of Lovart, the world's first design Agent, is officially launched

On July 28th, it was reported that the official version of Lovart, the world's first design Agent, is officially launched. Tencent Hunyuan provides technical support for its 3D generation. Lovart will preferentially use the Hunyuan 3D model API interface to offer users an ultra - high - definition detailed modeling experience. (Jiemian News)

Financial reports of large companies

WuXi AppTec: Net profit in the first half of the year was 8.561 billion yuan, a year-on-year increase of 101.92%

36Kr learned that WuXi AppTec announced that the company achieved an operating income of 20.799 billion yuan in the first half of the year, a year-on-year increase of 20.64%; the net profit attributable to shareholders of the listed company was 8.561 billion yuan, a year-on-year increase of 101.92%. The company plans to distribute a cash dividend of RMB 3.5 per 10 shares (tax included) to all shareholders.

Cool Products

The world's first multimodal dream brain-computer interface device is officially launched

On July 27, the first multimodal dream brain-computer interface device, "Dream Neighbor," jointly developed by the Guangdong Institute of Intelligent Science and Technology and Suiren Medical, was officially launched. According to the introduction, the device has four major functions: EEG signal monitoring, sleep state regulation, intervention strategy generation, and AI data analysis. It can assist in improving sleep quality, alleviating anxiety, and supporting basic cognitive function assessment. When users use it, "Dream Neighbor" can monitor the brain's sleep state signals in real-time. When the AI system detects abnormal fluctuations (such as a tendency for nightmares), the device helps users maintain a relaxed state through non-invasive neurofeedback regulation and prolongs the duration of deep sleep. (Jiemian News)

A Small Survey on "Haircutting"

Do you have "haircut anxiety"? Every time you enter a barbershop, it's like opening a blind box. You carefully collect pictures of your favorite hairstyles, but the result is so bad that even your mom would be speechless. Communicating with the hairstylist is like having a cross - server chat. You talk about the style you want, while he promotes the new in - store promotions. You agree on a budget of less than 200, but after a round of persuasion, you end up getting a full - set hair treatment. You finally find your favorite hairstylist, but within a few months, the store closes and the person disappears...

How high can the rate of haircut disasters be? How do people screen out reliable hairstylists? How far are young people willing to travel for a "good haircut"? Welcome to participate in the "Small Haircut Survey" and share your embarrassing haircut moments or recommend your amazing hairstylists with us. Let's unlock the 2025 Young People's Haircut Self - Rescue Guide together!

Scan the QR code to participate in the survey

Compiled | Qiuxia