Krypton Evening News | Companies under ByteDance and others invest in Yitu Technology; SpaceX is considering an IPO in mid-June; Xiwang releases a new generation of inference chip S3
Large Companies:
Iflytek: Net profit is expected to increase by 40%-70% year-on-year in 2025
36Kr learned that Iflytek announced that the company expects its net profit attributable to the parent company in 2025 to be between 785 million yuan and 950 million yuan, a year-on-year increase of 40%-70%. The non-recurring profit after deduction is expected to increase by 30%-60% year-on-year. Meanwhile, the total sales collection exceeded 27 billion yuan, an increase of more than 4 billion yuan compared with the same period last year. The net cash flow generated from operating activities at the end of the reporting period exceeded 3 billion yuan, both of which reached record highs.
SK Hynix announced on January 28 that its annual operating profit was 47.2 trillion won, and its annual sales were 97.1 trillion won. In the fourth quarter, the operating profit was 19.17 trillion won, and the sales were 32.83 trillion won. The company said in a regulatory filing that it is continuously evaluating various options to enhance the company's value, including a possible listing in the United States, and no final decision has been made. (Jiemian)Original link
In 2026, Goldman Sachs "overweighted" Chinese stocks in the Asia-Pacific region. Liu Jinjin, the chief China equity strategist at Goldman Sachs, pointed out on the 28th that profit growth is the main reason driving the rise of Chinese stocks this year. He also said that excluding foreign capital, it is expected that 3.6 trillion yuan of incremental funds will flow into the Chinese stock market, and some of the funds will flow into the Hong Kong stock market through the "Shanghai-Hong Kong Stock Connect" and "Shenzhen-Hong Kong Stock Connect". According to Goldman Sachs' estimate, in 2026, domestic individual investors will allocate about 2 trillion yuan to the stock market due to the consideration of increasing stock allocation. At the institutional level, driven by insurance companies' increased allocation of equity assets, about 1.6 trillion yuan of funds will flow into Chinese stocks. (Caixin)
ASML announced on January 28 that it will streamline its technology and IT departments and may cut 1,700 jobs net, mainly concentrated in the Netherlands and some in the United States. The statement said, "Feedback from colleagues, suppliers, and customers indicates that in some cases, our way of working has become less flexible. In particular, engineers have expressed their desire to focus their time on engineering work without being hindered by slow processes and to restore the fast and efficient corporate culture that we rely on for success." (Jiemian)
Haoxiangni: Its subsidiary Mingming Henmang is listed on the Hong Kong Stock Exchange
36Kr learned that Haoxiangni announced that its subsidiary Mingming Henmang was officially listed on the Hong Kong Stock Exchange on January 28, 2026, with the stock code 01768.HK. The company and its wholly-owned subsidiary hold a total of 12.5762 million shares, accounting for 5.8355% of the total number of shares after issuance.
Companies under ByteDance and others invest in Yitu Technology
36Kr learned that according to the Aiqicha App, recently, Yitu (Shenzhen) Technology Co., Ltd. underwent industrial and commercial changes. New shareholders include Beijing Quantum Leap Technology Co., Ltd. under ByteDance and Wuhu Jishi Xianqi Future Venture Capital Fund Partnership (Limited Partnership). At the same time, the registered capital increased from about 1.51 million yuan to about 1.67 million yuan. Yitu (Shenzhen) Technology Co., Ltd. was established in October 2023, and its legal representative is Wu Xiaohang. Its business scope includes the manufacturing of auto parts and accessories, the manufacturing of intelligent vehicle-mounted devices, and the sales of intelligent vehicle-mounted devices. Shareholder information shows that the company is now jointly held by Wu Xiaohang, Suzhou Getu Technology Partnership (Limited Partnership), and the above-mentioned new shareholders.
Investment and Financing:
Leapmotor establishes an electronics company in Jinhua, including intelligent robot business
36Kr learned that according to the Aiqicha App, recently, Jinhua Ling'ai Electronics Co., Ltd. was established. Its legal representative is Zhou Hongtao, and its registered capital is 120 million yuan. Its business scope includes the manufacturing of electronic components, the manufacturing of intelligent vehicle-mounted devices, the manufacturing of auto parts and accessories, the manufacturing of cloud computing equipment, and the R & D of intelligent robots. Shareholder information shows that the company is indirectly wholly-owned by Zhejiang Leapmotor Technology Co., Ltd.
"ThetaWave AI" announces the completion of millions of US dollars in financing
36Kr learned that according to Hillhouse Ventures, today, the AI-native knowledge content platform "ThetaWave AI" announced the completion of millions of US dollars in financing. Hillhouse Ventures (GL Ventures), BAI Capital, and MBA Fund jointly invested, and the old shareholder Miracle Plus continued to increase its investment.
SpaceX is considering an IPO in mid-June
It is reported that SpaceX is considering an IPO in mid-June, and the company is seeking to raise 50 billion US dollars at a valuation of about 1.5 trillion US dollars. (Caixin Lianxun)
SoftBank is in talks to invest up to 30 billion US dollars in OpenAI
According to people familiar with the matter, SoftBank Group is in talks to invest up to 30 billion US dollars in OpenAI. This Japanese conglomerate already holds a large stake in this startup, and if the investment is reached, its shareholding will further expand. According to previous media reports, the developer of ChatGPT is seeking to raise up to 100 billion US dollars in new funds from investors. If the full amount of financing can be completed, this round of financing will value it at up to 830 billion US dollars. Currently, the relevant transaction negotiations are still ongoing, and the terms may still change. (Sina Finance)
Digital Edge, a digital infrastructure company headquartered in Singapore, announced on January 28 local time that it plans to invest 4.5 billion US dollars to build a hyperscale AI-ready data center park in Indonesia. This will be the company's largest infrastructure project to date. The park will be built in phases. The first phase includes three buildings. The first building is expected to be put into use in the fourth quarter of this year, and the second and third buildings are planned to be put into operation in the first half of next year. After the park is fully completed, it will provide 500 megawatts of IT capacity and is expected to expand to 1 gigawatt in the future. (Jiemian)
New Products:
Sunrise releases the new-generation inference chip S3
36Kr learned that Sunrise, a domestic GPU manufacturer, released the new-generation inference chip S3. In terms of computing power and storage design, S3 supports free switching of precision from FP16 to FP4 and is the first domestic GPGPU product to adopt the LPDDR6 memory solution. The memory capacity is four times that of the previous generation, alleviating the common memory bottleneck problem in large model inference. On mainstream large models such as DeepSeek, the unit Token inference cost is about 90% lower than that of the previous generation.
Black Sesame Intelligence releases the FAD2.0 open platform
36Kr learned that Black Sesame Intelligence, an artificial intelligence computing platform company, officially released the FAD2.0 open platform. This marks that the A2000 has officially entered the stage of large-scale application. As a pre-mass production-level open platform built for full-scenario general auxiliary driving, the A2000 FAD2.0 includes the A2000 high-computing power computing platform, supporting software SDK, AI toolchain, end-to-end/VLA reference model, and third-party algorithm models, and supports a mature and reliable third-party software ecosystem. It will be officially launched in the first quarter of 2026. In addition, the A2000 will soon support Open VLA and will continue to support cutting-edge industry model architectures.
Today's Views:
It is reported that more than one ton of gold is transported into the vault of Tether, a cryptocurrency giant, every week. It is currently the world's largest non-bank, non-state gold warehouse. In the past year, Tether has quietly become one of the largest participants in the global gold market. In an interview, Paolo Ardoino, the CEO of Tether, compared the company's role in the gold market to that of a central bank and predicted that geopolitical opponents in Washington would launch a gold-backed alternative to the US dollar. He also revealed that the company plans to continue to invest huge profits in the gold market and start competing with banks in the gold trading field. He said, "Let's just say that we'll basically soon be one of the world's largest gold central banks." (Caixin Lianxun)
Other Noteworthy News:
UK Prime Minister Starmer arrives in Beijing, starts a 4-day visit to China
In the afternoon of January 28, UK Prime Minister Starmer arrived at Beijing Capital International Airport by plane, starting a 4-day visit to China. This is the first visit to China by a UK prime minister in eight years. During the visit, President Xi Jinping will meet with him, and Premier Li Qiang and Chairman Zhao Leji will hold talks and meetings with him respectively to exchange in-depth views on bilateral relations and issues of common concern. It is understood that more than 50 executives of large UK companies and representatives of institutions are accompanying Prime Minister Starmer on this visit, covering advantageous fields in the UK such as finance, medicine, manufacturing, culture, and creativity, which reflects the UK's expectation to deepen bilateral economic and trade relations. (CCTV News)
At the press conference for cities at the Fifth Session of the 14th Guangdong Provincial People's Congress, Sun Zhiyang, the mayor of Guangzhou, introduced that Guangzhou will introduce local regulations in new industrial fields such as regulations to promote the development of artificial intelligence and regulations for the development of the low-altitude economy, as well as a series of policies such as artificial intelligence + industry application solutions and low-altitude flight infrastructure planning, and provide classified support for enterprises of different scales and development stages in terms of project layout, scenario opening, talent introduction, financing support, and market expansion. Around the implementation of the eVTOL business model, clusters such as flight camps will be built, vertical take-off and landing points will be set up in iconic areas such as the Canton Tower and Baiyun Mountain, and products such as "Viewing Guangzhou from the Air" will be launched. (Caixin Lianxun)