Krypton Evening News | Xiaomi Auto's patent for providing conditions to avoid traffic congestion is announced; Goldman Sachs optimistically predicts that there is still room for growth in the Chinese stock market; British media: The World Gold Council is planning to launch "digital gold".
Large Companies:
IKEA China to Invest 160 Million Yuan to Launch More Low - price Products in Fiscal Year 2026
At the kick - off meeting for IKEA China's fiscal year 2026, it was revealed that the company will invest 160 million yuan to launch over 150 products at lower prices, with 70% of them concentrated on the brand's best - selling products. (Jiemian)
36Kr learned from the Aiqicha App that recently, Anhui Industrial Development Investment Co., Ltd. was established. Its legal representative is Xu Xianlu, and the registered capital is 5 billion yuan. Its business scope includes investment activities with self - owned funds, asset management services for self - owned fund investments, and venture capital. Shareholder information shows that the company is wholly owned by Anhui High - tech Industry Investment Co., Ltd.
36Kr learned from the Aiqicha App that recently, Yucheng No.1 (Wenzhou) Equity Investment Center (Limited Partnership) was established. The executive general partner is China Railway Capital Co., Ltd., and the capital contribution is approximately 1.24 billion yuan. Its business scope includes venture capital, equity investment, investment management, and asset management activities through private funds. Partner information shows that the enterprise is jointly funded by Beijing Zixintong Machinery Leasing Co., Ltd. and China Railway Capital Co., Ltd.
Patent for Xiaomi Cars to Provide Conditions for Avoiding Traffic Congestion Published
36Kr learned from the Aiqicha App that recently, the patent "Vehicle Security Inspection Method, Device, Electronic Equipment, and Storage Medium" applied for by Xiaomi Auto Technology Co., Ltd. was published. The abstract shows that this patent proposes a vehicle security inspection method, device, electronic equipment, and storage medium, which involves the field of intelligent transportation technology. When the distance between the vehicle's current position and the location of the security inspection point is within the preset range and the vehicle is traveling towards the security inspection point, first, obtain the vehicle's current information, the current personnel information and item information inside the vehicle. Then, send the vehicle information, personnel information, and item information to the server. Finally, receive the security inspection result sent by the server. Thus, it improves the efficiency of vehicle security inspections and provides conditions for effectively avoiding traffic congestion and improving vehicle traffic efficiency.
On September 3, the International Data Corporation (IDC) released the "Quarterly Tracking Report on the Global Smart Home Cleaning Robot Device Market". The report shows that in the first half of 2025, Roborock secured the global first place in the cleaning robot and vacuum cleaner fields with market shares of 15.2% and 20.7% respectively.
Investment and Financing:
"Jiangci Electronics" Completes Pre - A Round of Financing Worth Tens of Millions of Yuan
36Kr learned that recently, "Jiangci Electronics" announced the completion of a pre - A round of financing worth tens of millions of yuan, jointly participated in by Yijing Capital, Qianrong Holdings, Suzhou Venture Capital Group, and Suzhou High - tech Jingu Investment. The financing funds will be mainly used for capacity expansion and commercialization promotion, further promoting the company's R & D and market expansion in the field of high - end piezoelectric materials.
Today's Views:
Goldman Sachs Optimistically Predicts: There is Still Room for Growth in the Chinese Stock Market
A senior executive at Goldman Sachs recently stated that investor sentiment has significantly improved, and there is still room for growth in the Chinese stock market. "What we're hearing from clients and investors is that sentiment (around the Chinese stock market) has improved," Kevin Sneader, President of Goldman Sachs for the Asia - Pacific region (excluding Japan), said in an interview with the media on Wednesday. He pointed out that this wave of rebound in the Chinese stock market has certain support. Sneader said that while some long - term investors are still seeking clearer policy signals, the inflow of funds from hedge funds has improved. He also said that "a major driving force" for the rise of the Chinese stock market is still retail investors with large amounts of savings. (Cailian Press)
Foreign Capital: The Chinese Stock Market is Far from Reaching the Bubble Level
On September 3, the market showed a volatile and differentiated trend in the early session, with the Shanghai Composite Index leading the decline. The latest view from Julius Ba，er Group is that despite the recent strong rally, the A - share market is still far from a bubble state. The current increase is in line with historical levels, the valuation remains reasonable, and liquidity indicators show an increase in market activity but not overheating. It is expected that there is still room for upward movement in the future. "Recently, we have been repeatedly asked, 'Has a bubble emerged in the A - share market after several weeks of strong rebound?' After analyzing multiple market indicators, we believe that the Chinese stock market is far from reaching the bubble level and still has room for growth," said Deng Qizhi, a China strategist at Julius Ba，er Group. (Yicai Global)
Other Noteworthy News:
Transaction Data for Second - hand Homes in Beijing, Guangzhou, and Shenzhen in August Released
The latest data shows that in August, stimulated by new policies, the online signing of second - hand residential homes in Beijing increased compared with July. In Shenzhen, the monthly volume of second - hand homes still exceeded 5,000 units, remaining above the industry's "boom - bust line" for six consecutive months. In Guangzhou, affected by various factors such as the weather, the market trading pace slowed down, and the online signing volume of second - hand residential homes decreased month - on - month. Industry insiders believe that there is still room for further optimization of policies in Beijing in the future. As demand is gradually released, the circulation speed of second - hand housing sources in the market will also accelerate. It is expected that Shenzhen may relax the peripheral purchase restrictions in September, and the "Golden September and Silver October" is likely to be realized. The possibility of a rebound in the trading volume of second - hand residential homes in Guangzhou in September is low. (Securities Times)
British Media: The World Gold Council is Planning to Launch "Digital Gold"
According to the Financial Times, the World Gold Council is seeking to launch a digital form of gold, which could create a new way of trading, settling, and collateralizing gold, thus revolutionizing London's $900 - billion physical gold market. David Tait, the CEO of the World Gold Council, said in an interview that this new form would make it possible for "gold as collateral to be transferred digitally for the first time in the gold ecosystem." Although many investors value gold precisely because of its physical nature and the lack of counterparty risk, seeing it as a safe - haven asset, Tait believes that gold must be digitized to expand its market coverage. (Sina Finance)
36Kr learned that the Ministry of Finance plans to re - issue the 2025 ultra - long - term special treasury bonds (Phase III) for the second time. The re - issued treasury bonds are 50 - year fixed - rate coupon - bearing bonds. The total face value of the competitively tendered re - issued treasury bonds is 35 billion yuan, and there will be no additional bids from Class A members. The coupon rate of the re - issued treasury bonds is the same as that of the previously issued bonds of the same period, which is 2.10%. The interest - accrual date and redemption arrangement of the re - issued treasury bonds are the same as those of the previously issued bonds of the same period. Interest will start accruing on May 25, 2025, and will be paid semi - annually. Interest will be paid on May 25 (subject to holiday postponement) and November 25 each year, and the principal and the last interest payment will be repaid on May 25, 2075.
36Kr learned that the Chongqing Municipal Commission of Commerce issued a notice on additional funds for the continued implementation of the trade - in subsidy policy for cars and electric bicycles in 2025, stating that an additional 135 million yuan in budget funds is now allocated for the trade - in subsidies for cars and electric bicycles in October 2025. Among them, 30 million yuan is for car scrapping and replacement, 100 million yuan is for car replacement, and 5 million yuan is for electric bicycle trade - ins. The budget quota follows the application principle of "total control, first - come - first - served, and stop when the quota is used up".
India's Service PMI Growth in August Reached a 15 - year High, but Inflation Pressure Intensified
A business survey released on Wednesday showed that driven by strong demand, the growth of India's service sector accelerated to a 15 - year high in August. At the same time, the price increase also reached the fastest level in more than 10 years. Previously, official data showed that the growth rate of this third - largest economy in Asia reached 7.8% in the last quarter, far exceeding expectations. However, the Trump administration imposed a 50% high - tariff on Indian goods imported into the United States, which may suppress India's economic growth in the next few quarters. (Sina Finance)