Krypton Evening News | Bilibili: Total revenue in the second quarter increased by 20% year-on-year, and the adjusted net profit was 560 million yuan; Ye Guofu: MINISO LAND stores will be opened overseas; DeepSeek's official Weibo message: UE8M0 FP8 is designed for the upcoming next-generation domestic chips.

Large companies:

Xinhua Department Store: Net profit in the first half of the year was 86.0081 million yuan, a year-on-year decrease of 2.52%

36Kr learned that Xinhua Department Store announced that the company achieved an operating income of 3.254 billion yuan in the first half of the year, a year-on-year decrease of 0.99%; the net profit attributable to the parent company was 86.0081 million yuan, a year-on-year decrease of 2.52%; the basic earnings per share was 0.38 yuan. The company distributed a cash dividend of 1 yuan (tax included) for every 10 shares to all shareholders. As of the end of the reporting period, the company's various business formats had a total of 343 physical stores in operation.

Walmart to Raise Adjusted Earnings per Share to $2.52 - $2.62 in Fiscal Year 2026

Walmart expects its net sales in the third quarter to increase by 3.75% - 4.75%, and its operating income to grow by 3.0% - 6.0%. The company has raised its net sales growth forecast for fiscal year 2026 to 3.75% - 4.75% and adjusted earnings per share to $2.52 - $2.62. The adjusted operating profit guidance remains unchanged, ranging from 3.5% to 5.5%. (Caixin)

Ye Guofu: MINISO LAND Stores to Open Overseas

36Kr learned that at the investor communication meeting on August 21st, Ye Guofu, the founder, chairman of the board, and CEO of Miniso, stated that the unexpected success of MINISO LAND has brought us unexpected surprises. Meanwhile, he believes that MINISO LAND stores can attract a large number of trendy toy artists to cooperate with Miniso, and in the future, MINISO LAND will also open stores overseas. He also said, "We are full of confidence in our own IPs." "Our own IPs are an important lever. Previously, we only focused on global IP licensing. Now, with a dual - track layout, our own IPs are as important as global IPs. We need to fully, thoroughly, and deeply develop the IP business."

Renhe Pharmaceutical Co., Ltd.: The ULook Brain-Computer Interaction Smart Glasses product of its subsidiary has not generated sales revenue yet

36Kr learned that Renhe Pharmaceutical Co., Ltd. announced that after a self - inspection, the company found that there were many rumors about the ULook Brain-Computer Interaction Smart Glasses product recently developed by its subsidiary. This product was jointly developed by the company's subsidiary (Jiangxi Shining Bright Eyes Pharmaceutical Co., Ltd.) and its partner (Shenzhen Bi'ai Intelligent Medical Technology Co., Ltd.). Currently, only samples of this product have been produced, and it is only being tested in some eyewear stores. It has not generated sales revenue yet and does not have a significant impact on the company's current performance. The technical route of this product is significantly different from the cutting - edge brain - computer interaction technology of implanting chips inside the brain as currently rumored. Please note the investment risks, investors.

Tencent Games' End-to-End AI Creation Solution VISVISE Debuts at Gamescom in Cologne, Germany

36Kr learned that VISVISE, an end-to-end AI creation solution under Tencent Games, made its debut at Gamescom 2025 in Cologne, Germany. According to the introduction, this solution covers four major pipelines including animation production, 3D model generation, intelligent NPCs, and digital asset management. It runs through six major stages in game creation, namely model generation, texture production, rigging, animation production, scene construction, and rendering, empowering the entire process of art production with AI.

Bilibili: Total revenue in Q2 increased by 20% year-on-year, and adjusted net profit reached 560 million yuan

36Kr learned that Bilibili released its financial report for the second quarter of 2025. The report shows that Bilibili's revenue in the second quarter was 7.34 billion yuan, a year-on-year increase of 20%. Among them, the advertising business revenue was 2.45 billion yuan, a year-on-year increase of 20%; the game business revenue was 1.61 billion yuan, a year-on-year increase of 60%. Both the net profit and the adjusted net profit reached record highs, standing at 220 million yuan and 560 million yuan respectively. In terms of users, in the second quarter, Bilibili's daily average active users reached 109 million, a year-on-year increase of 7%, hitting a record high; the monthly average active users reached 363 million, a year-on-year increase of 8%; the monthly average paying users reached 31 million, a year-on-year increase of 9%.

Kuaishou: Total revenue in the second quarter reached 35 billion yuan, with GMV increasing by 17.6% year-on-year to 358.9 billion yuan

36Kr learned that Kuaishou released its financial report for the second quarter of 2025. The report shows that in the second quarter, Kuaishou achieved a revenue of 35 billion yuan, a year-on-year increase of 13.1%; the adjusted net profit was 5.6 billion yuan, a year-on-year increase of 20.1%. In this quarter, both Kuaishou's gross profit margin and adjusted net profit margin reached new single-quarter highs, at 55.7% and 16.0% respectively. In this quarter, the GMV of Kuaishou's e-commerce business increased by 17.6% year-on-year to 358.9 billion yuan. Meanwhile, Kuaishou announced a special dividend of HK$0.46 per share, with a total of approximately HK$2 billion, which will be paid in cash to shareholders on record as of September 16 around October 6.

Message from DeepSeek's official Weibo account: UE8M0 FP8 is designed for the upcoming next-generation domestic chips.

36Kr learned that in the article where DeepSeek officially announced the "official release of DeepSeek-V3.1", it mentioned that DeepSeek-V3.1 uses the parameter precision of UE8M0 FP8 Scale. In addition, V3.1 has made significant adjustments to the tokenizer and chat template, showing obvious differences from DeepSeek-V3. DeepSeek's official Weibo account said in the top - pinned message that UE8M0 FP8 is designed for the upcoming next - generation domestic chips.

Investment and financing:

Autonomous vehicle company "White Rhino" completes nearly 500 million yuan in Series B financing

36Kr learned that the L4-level autonomous driving enterprise "White Rhino" recently completed its Series B+ financing. So far, the total amount of White Rhino's Series B financing has accumulated to nearly 500 million RMB. In this round of financing, existing shareholders SF Express and Linear Capital continued to participate, and institutions such as Yijun Capital, 360 Fund, and Huatai Zijin also joined as new shareholders. The funds from this round will be mainly invested in three major areas: the R & D of automotive-grade autonomous vehicle products, the continuous iteration of AI technology, and the expansion of commercial scenarios. It is worth noting that after this round of financing, the total amount of White Rhino's Series B financing has approached 500 million yuan. Moreover, this is SF Express' third investment within a year since its first capital injection in August 2024.

New products:

AliExpress Launches New Product Marketing AI Agent

36Kr learned that AliExpress, the cross - border e - commerce platform under Alibaba, has launched a new product marketing AI agent called "New Product Flash Promotion". Merchants only need to "confirm registration", and the AI will automatically integrate in - platform and off - platform resources to achieve rapid order placement through intelligent decision - making. It is reported that since July, the number of new products that achieved zero - to - one sales within 7 days driven by "New Product Flash Promotion" has doubled compared with that in April.

Today's Viewpoint:

Goldman Sachs recommends buying US momentum stocks on dips

The trading division of Goldman Sachs Group said that, judging from historical patterns, the sharp decline of momentum stocks, which have seen strong rallies recently, may be presenting an opportunity to buy on dips. Traders pointed out that the rebound performance of Goldman Sachs' High Beta basket of momentum stocks after similar declines in the past, combined with the current technical trends, supports their view. They said in a client report, "In the past, when the long - short momentum basket of stocks fell by 10% or more within five days, there was an 80% probability of a rise in the following week. The median return in the following week was 4.5%, and the median return in the following month exceeded 11%." (Caixin Press)

Other notable news:

White House: The United States and the European Union have reached an agreement on the framework of a trade deal

On August 21 local time, the White House issued a statement saying that the United States and the European Union have reached an agreement on the framework of a trade deal. The United States and the EU have taken steps to formally establish their trade agreement, and have detailed a plan that could reduce tariffs on European cars in the coming weeks, implementing a 15% discounted tariff on imported European cars (previously 27.5%). The United States has promised to apply lower most-favored-nation tariffs to some European products, including aircraft and aircraft parts, generic drugs, and some natural resources. The United States and the EU have also promised to address the issue of "unreasonable digital trade barriers" and consider cooperation on steel and aluminum tariffs under a quota system. (CCTV News)

Tongyi App Launches Official Knowledge Base, Initially Covering Five Major Fields Including Education, Law, and Finance

36Kr learned that on August 21st, Tongyi APP launched a knowledge base function and directly provided official knowledge bases for five vertical fields including education, law, and finance. Tongyi App supports both the official knowledge base and the user - defined knowledge base modes for the first time. Currently, the knowledge base function of Tongyi App has been fully launched.