Krypton Evening News | Pop Mart's shares rose over 8%, with the stock price breaking through HK$300; Baidu: Net profit in the second quarter was 7.4 billion yuan, a year-on-year increase of 35%; Laopu Gold: Operating revenue in the first half of the year was 12.354 billion yuan, a year-on-year increase of 251%.
Large Companies:
iQiyi: Total Revenue in Q2 Reached 6.63 Billion Yuan
36Kr learned that iQiyi released its financial report for the second quarter of 2025. The report shows that in the second quarter, iQiyi's total revenue was 6.63 billion yuan. Among them, membership service revenue was 4.09 billion yuan, online advertising service revenue was 1.27 billion yuan, content distribution revenue was 0.44 billion yuan, and other revenue was 0.83 billion yuan. In that quarter, iQiyi's Non - GAAP (Non - Generally Accepted Accounting Principles) operating profit was 58.7 million yuan, maintaining Non - GAAP operating profit for 14 consecutive quarters.
Baidu: Net Profit in Q2 Reached 7.4 Billion Yuan, a Year - on - Year Increase of 35%
36Kr learned that Baidu released its financial report for the second quarter of 2025. The report shows that in the second quarter, Baidu achieved a revenue of 32.7 billion yuan; the net profit attributable to Baidu Core was 7.4 billion yuan, a year - on - year increase of 35%.
Elon Musk: Tesla Won't Produce the Six - Seat Model Y in the US Until the End of 2026
Elon Musk said that Tesla won't produce the six - seat Model Y in the US until the end of 2026. (Sina Finance)
ByteDance Denies: There is No AI Chip - Related Cooperation with Verisilicon
Industry news spread that ByteDance is collaborating with Verisilicon to design an advanced AI computing power chip. In response, a relevant person in charge of ByteDance replied that ByteDance has no AI chip - related cooperation with Verisilicon. (Securities Times)
The First Projector from XGIMI's Vietnam Factory Officially Rolled off the Production Line
36Kr learned that on August 18th, the first projector from XGIMI Technology's Vietnam production base officially rolled off the production line. It is understood that the Vietnam base is XGIMI's preparation for expanding the global market, effectively connecting subsequent supply needs. Currently, XGIMI's overseas business is in a period of rapid growth. In 2024, its overseas revenue reached 1.086 billion yuan, a year - on - year increase of 18.94%, accounting for 31.89% of the total revenue.
Weimai Signed a Cooperation Agreement with Alibaba Cloud
36Kr learned that Weimai signed a cooperation agreement with Alibaba Cloud, focusing on the integration of AI technology and full - course disease management to promote the intelligent upgrade of medical and health services. The cooperation is based on Weimai's full - course disease management path system, with a focus on implementing the "Full - course FSD" intelligent model. In addition, the two parties will jointly develop a personalized health management AI assistant.
Laopu Gold: Operating Revenue in the First Half of the Year was 12.354 Billion Yuan, a Year - on - Year Increase of 251%
36Kr learned that Laopu Gold released its financial report for the first half of the year. The report shows that for the six months ended June 30, 2025, the group's operating revenue was approximately 12.35 billion yuan, a year - on - year increase of 251.0%. The non - IFRS adjusted net profit was 2.35 billion yuan, a year - on - year increase of 290.6%. According to Laopu Gold, the company adjusts prices two to three times a year. In the first half of 2025, the company only made one price adjustment in February. Affected by the continuous and rapid increase in the gold price after the adjustment, the company's gross profit margin in the reporting period slightly declined to approximately 38.1% compared with the past.
Pop Mart Rose More Than 8%, and Its Stock Price Exceeded HK$300
36Kr learned that Pop Mart rose more than 8%, and its stock price exceeded HK$300, hitting a new all - time high, with a market value exceeding HK$400 billion.
New Products:
WeCom 5.0 Launched New AI Capabilities
36Kr learned that on August 20th, WeCom 5.0 was officially released. The new version launched three core AI functions: intelligent search, intelligent summarization, and intelligent robot, helping users solve various problems in the office scenario. WeCom 5.0 officially launched the intelligent form function for customers, which can not only automatically track task progress, remind of overdue tasks, and automatically generate visual data dashboards, but also realize more automated intelligent gameplay with the help of AI capabilities. In addition, AI can also help enterprise users write emails. It can automatically find relevant information from chats, documents, and meetings that users have access to, integrate them, and summarize them into email content.
Other Noteworthy News:
US Treasury Secretary Says the US is Satisfied with the Current Level of Tariffs on China, and the Foreign Ministry Responds
Foreign Ministry Spokesperson Mao Ning presided over the regular press conference on August 20th. US Treasury Secretary Janet Yellen said in an interview with the media that the US is satisfied with the current level of tariffs on China. This is considered a signal that the Trump administration hopes to maintain calm with China before the tariff deadline in November. What's the Foreign Ministry's comment on this? Mao Ning said that for specific issues, it is recommended that you refer to the relevant Chinese authorities. I want to say that we hope the US can work with China to give full play to the role of the China - US economic and trade consultation mechanism in accordance with the important consensus reached in the phone call between the two heads of state and strive for positive results on the basis of equality, respect, and mutual benefit. (Global Times)
Beijing Launched a Shared Power Bank Convention: Charging Allowed Only After 5 Minutes, Ensuring Sufficient Empty Spaces in Cabinets
The Beijing Consumers Association launched the "Self - Discipline Convention for the Shared Power Bank Industry in Beijing", suggesting that the rental fee charging unit should not exceed 15 minutes and a cap price should be set. Currently, eight companies, including Monster, Meituan, and Jiedian, which cover 95% of the operating points in the city, have signed the "Convention" and promised to ensure the implementation of services through measures such as technological upgrading and staff training. In terms of pricing, the "Convention" suggests that the rental fee charging unit should not exceed 15 minutes. The fee for the first charging unit can only be charged after 5 minutes. From the second charging unit, if it is less than one unit, no fee will be charged. At the same time, it is stipulated that enterprises must publicly display the charging rules, including free time, charging standards, cap prices, and deposit policies, in a prominent position on the online rental page. (Beijing Business Today)