Krypton Evening News | Dongfang Zhenxuan Reports FY2025 Total Revenue of RMB4.392 Billion; Alibaba Restructures Website to Highlight Four Core Business Units; OpenAI's Chief People Officer to Depart for AI Democratization Endeavors
Large Companies:
East Buy: Total Revenue of 4.392 Billion Yuan in Fiscal Year 2025
36Kr learned that East Buy announced that its total revenue for the fiscal year 2025 (the fiscal year ended May 31, 2025) was 4.392 billion yuan, and the profit attributable to the owners of the company was 5.735 million yuan.
Alibaba's Official Website Reclassifies Four Business Segments
On August 22, the "Our Business" section on Alibaba's official website was changed from six business groups + other businesses to Alibaba China E - commerce Group, Alibaba International Digital Business Group, Cloud Intelligence Group, and all other businesses. Ele.me and Fliggy are included in Alibaba China E - commerce Group, while AutoNavi Maps, Cainiao, Youku, Damai Entertainment, etc. are included in "All Other". It is understood that the business segment classification on Alibaba's official website does not represent an organizational structure adjustment, and the internal reporting has not changed for the time being. (Yicai Global)
Sunny Optical Technology: Enters into a Memorandum of Understanding with Goertek and Goertek Optics
36Kr learned that Sunny Optical Technology announced that on August 21 (after trading hours), certain member companies of the Group entered into a memorandum of understanding with Goertek and Goertek Optics. According to the memorandum of understanding, the contracting parties agreed to further negotiate to enter into a final agreement on the subscription matter, and its main terms are as follows: (i) After the restructuring is completed, Ningbo Aolai will subscribe for the equity of Goertek Optics with the entire equity of Shanghai Aolai it holds as capital contribution; and (ii) After the subscription matter is completed, Ningbo Aolai will hold approximately 33.33% of the equity of Goertek Optics after the subscription matter is completed.
JD.com Has Applied for Multiple Trademarks Related to JD Pinpin
36Kr learned that recently, JD.com has re - entered the community group - buying track. After opening its first store in Fangshan, Beijing in April this year, there are reports recently that JD Pinpin, the community group - buying business under JD.com, has successively opened multiple stores in Beijing. The Aiqicha App shows that Beijing Jingdong Sanbaishiliudu E - commerce Co., Ltd. has applied to register multiple trademarks such as "JD Pinpin" and "JD Pinpin Group - Buying Store", and the international classifications involve advertising sales, transportation and storage. Currently, some of the trademarks have been successfully registered.
OpenAI's Chief People Officer to Leave and Pursue AI Popularization Cause
OpenAI confirmed that its Chief People Officer, Julia Villagra, will leave the company this Friday. According to her LinkedIn profile, Villagra joined the artificial intelligence company in February 2024 as the head of human resources. Villagra is leaving to pursue her personal ideal - to help people understand the transition to general artificial intelligence through art, music, and narrative. (Zhitong Finance)
Game Science Has Applied for Multiple Trademarks in the Black Myth Series, Such as "Black Myth: Xiaojian"
36Kr learned that recently, the name of the official WeChat account of "Black Myth: Wukong" has been changed again. After this renaming, the verified name of the account was simplified from "Black Myth Wukong" to "Black Myth", and the iconic word "Wukong" officially disappeared from the name of the WeChat account. Public information shows that "Black Myth: Wukong" is a 3A - level action role - playing game developed by Game Science, themed around "Journey to the West". The Aiqicha App shows that Shenzhen Youke Interactive Technology Co., Ltd., an affiliated company of Game Science, has applied to register multiple trademarks in the Black Myth series, such as "Black Myth: Jiang Ziya", "Black Myth: Wukong", "Black Myth: Zhong Kui", and "Black Myth: Xiaojian". The international classifications involve education and entertainment, advertising sales, scientific instruments, etc. Currently, most of the above trademarks have been successfully registered.
Li Ning's CEO Qian Wei: Can Feel the Pressure of Offline Passenger Flow, and the Company Still Aims for a 50% Gross Margin
36Kr learned that on August 22, at Li Ning's 2025 interim results conference held in Hong Kong, Qian Wei, the CEO of Li Ning Company, said that he could feel the pressure brought by the decrease in offline passenger flow, and the competition among sports brands would become more and more intense. In the second half of the year, the Group has prepared for greater challenges and believes that consumers' love for sports will not weaken. When talking about the trend of consumption segmentation, Qian Wei also emphasized that Li Ning currently has no inventory pressure. The company has long established a dynamic inventory management and control system. In the future, it will still take a 50% gross margin as the core goal and continuously optimize the structure of offline channels. Currently, Li Ning has completed the preliminary construction of super outlet stores and large outlet stores.
Li Bin: NIO's Targeted Pricing Range Is the Average Selling Price Range of Mercedes - Benz, BMW, and Audi
On August 22, at the media briefing for NIO's new ES8, Li Bin, the founder of NIO, said that NIO's targeted pricing range is the average selling price range of Mercedes - Benz, BMW, and Audi. Currently, NIO's market terminal retail price is on the higher side compared with BBA. For example, after the final weighted average, the price of the new ES8 is also at a relatively high level in the market. (Sina Technology)
A Company Under Chery Automobile Establishes a New Sales and Service Company in Hefei
36Kr learned that the Aiqicha App shows that recently, Hefei Yingzhida Automobile Sales and Service Co., Ltd. was established. The legal representative is Yin Xingjie, and the registered capital is 10 million yuan. The business scope includes the sales of new - energy vehicle complete vehicles, the retail of automobile spare parts, the wholesale of automobile spare parts, second - hand car brokerage, investment activities with self - owned funds, the sales of new - energy vehicle electrical accessories, the sales of new - energy vehicle battery - swapping facilities, etc. The equity penetration map shows that the company is wholly - owned by Yingfeng Investment Co., Ltd., a company under Chery Automobile.
Investment and Financing:
Yingshi Biopharma Completes a Series C Financing of Over $34 Million
36Kr learned that according to the official WeChat account of Kunlun Capital, recently, Yingshi Biopharma, an innovative drug R & D company focusing on the treatment of solid - tumor drug resistance, announced the completion of a Series C financing of over $34 million. This round of financing was led by Fuju Capital, with participation from Bixinxing Venture Capital, Chengxiang Capital, and Kunlun Capital. The old shareholder, Enran Venture Capital, continued to increase its investment.
Montong Intelligence Completes a Pre - Series A Financing of Tens of Millions of Yuan
36Kr learned that Montong Intelligence recently completed a Pre - Series A financing of tens of millions of yuan. This round was strategically invested by A - share listed company Zhidongli, and Gaoshi Capital served as the exclusive financial advisor. The financing funds will be mainly invested in product R & D, team expansion, and ecological implementation. Montong Intelligence was established in 2022 and focuses on the independent R & D of software and hardware AI terminal products centered around "AI + AR glasses" and the ecological construction centered around the "Spatial AIOS system" to realize the AI intelligent agent in the era of spatial intelligence.
New Products:
VOYAH Automobile Launches the Lanhai Intelligent Super - Hybrid Technology
36Kr learned that on August 22, VOYAH Automobile launched the Lanhai Intelligent Super - Hybrid Technology. This technology realizes the integration of large - capacity battery, super - fast charging, super - high voltage, super - efficiency, and super - long - range technologies.
Tencent Cloud Launches the API of the DeepSeek - V3.1 Model
36Kr learned that on August 22, Tencent Cloud announced the launch of the DeepSeek - V3.1 version. Enterprises and developers can directly call the API interface of the new - version model through Tencent Cloud to obtain stable and high - quality services. At the same time, Tencent Cloud's Agent Development Platform (ADP) has also accessed the new - version model. Through the built - in RAG, workflow, and agent development capabilities of the platform, users can quickly build exclusive agent applications. The new model was also launched on Tencent Cloud's TI Platform for the first time. Users can quickly deploy exclusive DeepSeek - V3.1 services based on the TI Platform.
Today's Views:
Research Institution: Liquid - Cooling Technology Will Be Scaled Up in AI Data Centers, with an Estimated Penetration Rate of Over 30% in 2025
36Kr learned that according to the latest research on the liquid - cooling industry by TrendForce, as NVIDIA's GB200 NVL72 cabinet - type servers are shipped in large quantities in 2025, cloud service providers are accelerating the upgrade of the AI data center architecture, which promotes the liquid - cooling technology to move from early - stage pilots to large - scale implementation. It is estimated that the penetration rate of liquid - cooling technology in AI data centers will increase significantly from 14% in 2024 to 33% in 2025 and will continue to grow in the next few years.
CITIC Construction Investment: The Characteristics of the Consumption Peak Season Are Beginning to Appear, and the Fundamentals of Energy - Metal Prices Are Strongly Supported
36Kr learned that a research report from CITIC Construction Investment believes that the characteristics of the consumption peak season are beginning to appear, and the fundamentals of energy - metal prices are strongly supported. As the "Golden September and Silver October" consumption peak season is approaching, downstream demand is gradually picking up, market activity has significantly recovered, the low - price goods in circulation in the early stage have been quickly digested, the quotations of rare earths and cobalt have risen steadily, and the price of lithium carbonate has risen sharply due to the supply disruption in Jiangxi.
Other Noteworthy News:
Long - Term Funds "Appear on the List" and Make Large - Scale Layouts in Over 100 A - Shares
Recently, as the semi - annual reports of listed companies for 2025 are being released one after another, the partial positions of long - term funds such as the social security fund and the basic endowment insurance fund have emerged. Wind data shows that as of August 21, by counting the semi - annual report data of listed companies, it is found that at the end of the second quarter, more than 40 social security fund portfolios and more than 20 basic endowment insurance fund portfolios have entered the top ten tradable shareholders of listed companies, covering about 160 listed companies. (China Securities Journal)
The Price of Rare Earths Rises Rapidly, and the Rare - Earth Sector Sees a Performance Reversal
The prices of major rare - earth varieties have risen rapidly, with an average increase of over 100,000 yuan per ton since August. At the same time, the price of permanent magnets has also risen rapidly. The latest quotation of NdFeB N35 is 144.5 yuan per kilogram, with a monthly increase of 10.7% and an annual increase of 51.3%. In 2024, the price of rare earths dropped significantly, and the performance of the A - share rare - earth sector plummeted. Under the dual effects of the low - performance base and the rising price of rare earths, the rare - earth sector has seen a performance reversal this year. According to the statistics of Data Bao, as of August 21, 14 rare - earth permanent - magnet stocks have released their first - half performance data (including forecasts, bulletins, and annual reports), and most companies' performance is expected to increase or turn a profit. The net profit of leading stock Northern Rare Earth has even skyrocketed by more than 18 times year - on - year. (Securities Times)