36Kr Evening News | Haidilao: Revenue in the first half of the year was 20.7 billion yuan, a year-on-year decrease of 3.7%; KDP announced that it will acquire JDE Peet's, the parent company of Peet's Coffee; BlackRock suspends fundraising for its latest Asian private credit fund.
Large Companies:
36Kr learned that Haidilao disclosed its semi-annual report. In the first half of the year, it achieved a revenue of 20.7 billion yuan, a year-on-year decrease of 3.7%; the net profit was 1.76 billion yuan, a year-on-year decrease of 13.7%.
DFM: Currently, the company has no further capital operation plans
At the 2025 mid-term performance meeting, the management of DFM stated that after completing the privatization transaction of Dongfeng Motor Group Co., Ltd., DFM plans to accelerate the promotion of professional integration, further clarify the strategic positioning and business boundaries between various business segments, improve the governance structure with equal responsibilities, rights, and interests, and continuously improve the strategic coordination mechanism across business segments to fully release the efficiency of the group’s large-scale operation. The management also said that currently, the company has no further capital operation plans. (Cailian Press)
36Kr learned that Keep, a sports technology company, released its performance report for the first half of 2025 as of June 30, 2025. During the reporting period, Keep achieved a revenue of 822 million yuan. Under the non-International Financial Reporting Standards, the adjusted net profit was 10.35 million yuan, and the gross profit was 429 million yuan. The gross profit margin increased from 46.0% in the same period of the previous year to 52.2%.
36Kr learned that Maoyan Entertainment released its 2025 mid-term performance announcement. In the first half of 2025, Maoyan Entertainment’s total revenue was 2.472 billion yuan, a year-on-year increase of 13.9%. The net profit was 179 million yuan, and the adjusted net profit during the period was 235 million yuan.
Pinduoduo: Revenue in the second quarter was 103.98 billion yuan, a year-on-year increase of 7%
36Kr learned that Pinduoduo released its financial report for the second quarter of 2025. The report showed that the revenue in the second quarter was 103.98 billion yuan. Affected by the increased industrial investment in the "100-billion support" program, the revenue growth rate in this quarter slowed down to 7% year-on-year, showing a continuous slowdown for multiple quarters; the net profit was 30.75 billion yuan, a year-on-year decrease of 4%, showing a downward trend for two consecutive quarters. It is understood that in the second quarter, Pinduoduo launched a "100-billion-level" preferential business action in the e-commerce industry for the first time.
Porsche adjusts its battery business, and its subsidiary Cellforce will cut staff
On August 25, Porsche announced that it will continue to regard electric vehicles as an important power type in the future. Porsche is adjusting its battery business: in this context, Cellforce will focus on the R&D of battery cells in the future. The announcement said that Porsche’s subsidiary’s previous plan to expand the production of high-performance batteries will no longer be promoted. Currently, it plans to continue development in the form of an independent R&D unit, and the relevant staff reduction will be carried out in a responsible manner. In addition, PowerCo, the battery technology center of the Volkswagen Group, has proposed to introduce suitable Cellforce employees to PowerCo’s jobs. (Jiemian)
Investment and Financing:
36Kr learned that the Aiqicha App shows that recently, Hebei Communications Investment New Energy Industry Equity Investment Fund Partnership (Limited Partnership) was established. The executive general partner is Hebei Communications Investment Private Equity Investment Fund Management Co., Ltd., with a contribution of 495 million yuan. Its business scope includes engaging in equity investment, investment management, asset management, and other activities with private funds. The partner information shows that the fund is jointly funded by Hebei Communications Investment Management Co., Ltd. and Hebei Communications Investment Private Equity Investment Fund Management Co., Ltd.
KDP announced that it will acquire JDE Peet’s, the parent company of Peet’s Coffee
On August 25, Keurig Dr Pepper, a major US beverage company, and JDE Peet’s, the parent company of Peet’s Coffee, announced that they had reached a final agreement. KDP will acquire JDE Peet’s through an all-cash transaction. The launch of the tender offer and the completion of the acquisition of JDE Peet’s are expected to be completed in the first half of 2026. (Jiemian)
New Products:
The world’s first 900-volt hybrid full-size SUV, the ZEEKR 9X, will start pre-sales at the Chengdu Auto Show on August 29. As the flagship model of domestic brands, the product pricing and launch schedule of the ZEEKR 9X have attracted much attention. The rumored "ZEEKR 9X price plan" shows that its top-end "Hyper" version, including many benchmark configurations such as the "Naim high-end audio system", is priced at 599,800 yuan. ZEEKR has not responded to this yet.
36Kr learned that the Aiqicha App shows that recently, Times Qiji New Energy Technology (Yulin) Co., Ltd. was established. The legal representative is Guo Qi, with a registered capital of 5 million yuan. Its business scope includes leasing of charging control equipment, sales of charging piles, sales of new energy vehicles, sales of new energy vehicle electrical accessories, etc. The equity penetration map shows that the company is wholly-owned by Times Qiji Green Energy Technology (Shenzhen) Co., Ltd., a subsidiary of CATL.
Tencent Meeting launches AI meeting minutes
36Kr learned that on August 25, Tencent Meeting officially launched the "AI meeting minutes" function and connected it with Tencent Yuanbao. After users turn on this function, the "AI meeting minutes" will generate meeting minutes in real-time as a "meeting secretary" and synchronize them actively every 2 minutes. After the meeting ends, users can also jump to Yuanbao to ask questions.
36Kr exclusively learned that Xpeng Motors’ humanoid robot team began preparations around 2020. Currently, the person in charge is Mi Liangchuan. As we understand, Mi Liangchuan joined the NVIDIA team in 2005 and later served as a senior manager of Android software at NVIDIA in Santa Clara, California, and was also responsible for the Android platform department in China. A person familiar with the matter revealed that currently, hundreds of humanoid robots have been deployed on Xpeng Motors’ production line. However, not all of these robots are currently used to assist in automobile production and manufacturing. Most of them are used for algorithm tuning, data collection for remote operation, etc. "The deployment of hundreds of robots is already a large number among automobile companies," the aforementioned person said.
Today's Views:
Huawei Cloud recently announced an organizational structure adjustment, which will integrate multiple business units and shift the focus to AI development. Huawei Cloud responded that the purpose of this adjustment is to provide customers with more advanced cloud services through hardware-software collaboration and architectural innovation, and to increase investment in the AI and computing power industries. (Meirijing.com)
Singapore's inflation rate in July dropped to 0.6%, lower than expected
Singapore's inflation rate in July dropped to 0.6%, lower than market expectations. At the same time, Singapore is preparing for an economic slowdown later this year. This figure is not only lower than economists’ expected value of 0.7%, but also lower than the inflation level of 0.8% in June. The core inflation rate, excluding private transportation and accommodation prices, dropped to 0.5%, also lower than the 0.6% predicted by a Reuters survey. The Monetary Authority of Singapore said that the decline in retail and other commodity prices and the lower inflation of electricity and gas were the main reasons for the cooling of overall inflation. (Sina Finance)
Other Notable News:
The General Offices of the Communist Party of China Central Committee and the State Council issued an opinion on promoting green and low-carbon transformation and strengthening the construction of the national carbon market, which pointed out that the construction of the voluntary emission reduction trading market should be accelerated. A scientific and complete methodology system should be established, and the development of methodologies should be accelerated for key areas with significant sustainable development benefits, high social expectations, and both social and ecological benefits to effectively serve the society’s independent emission reduction and the realization of the value of ecological products. The full-chain management of voluntary emission reduction project development, review, implementation, and emission reduction verification should be strengthened. Project owners, review, and verification institutions should abide by the principle of good faith, strictly execute the promised matters, and actively accept social supervision. The overall management of national carbon emission reduction resources should be strengthened, and various voluntary emission reduction trading activities should be regulated. (Xinhua News Agency)
On August 25, it was exclusively learned from the industry that the Securities Association of China recently revised and formed the "Measures for the Implementation of Self-regulatory Measures of the Securities Association of China (Draft for Comment)" on the basis of the original "Measures for the Implementation of Self-regulatory Measures of the Securities Association of China" and is currently soliciting industry opinions. The Securities Association of China has previously organized special research, referred to excellent practice cases of other self-regulatory organizations in the domestic and foreign financial fields, adjusted and improved the content of self-regulatory rules, and optimized the relevant working mechanisms. This revision systematically optimizes and refines the relevant working mechanisms and procedural requirements for self-regulatory inspections from five aspects, including the responsibilities of the internal business departments of the Securities Association of China, the self-regulatory inspection procedures, and the standards for self-regulatory disciplinary actions. (China Securities Journal)
India's crude oil imports in July dropped to the lowest level in nearly 18 months
Data released by the Indian government on Monday showed that India’s crude oil imports in July decreased by 8.7% month-on-month to 18.56 million tons, the lowest level since February 2024. According to data from the Petroleum Planning and Analysis Cell, crude oil imports decreased by 4.3% year-on-year compared with 19.4 million tons in July 2004. At the same time, imports of crude oil products in July decreased by about 12.8% year-on-year to 4.31 million tons, while product exports decreased by 2.1% to 5.02 million tons. (Sina Finance)
BlackRock suspends the fundraising of its latest Asian private credit fund
According to people familiar with the matter, BlackRock Inc. suspended the fundraising of its latest Asian private credit strategy fund earlier this year during the merger with HPS Investment Partners. This move adds more uncertainty to the company’s ambition to expand its private credit asset class in Asia. (Sina Finance)