Krypton Evening News｜IDC: Baidu Intelligent Cloud Retains Top Market Share in China's Financial Large Model Market; Tencent Cloud Enters Strategic Cooperation with RoboScience; Ministry of Commerce Responds to Progress in Promoting Resolution of Nexperia Issue
Big Companies:
OPPO: New realme Products Will Focus on Overseas Markets, Pause Product Updates in China
36Kr learned from OPPO that to further integrate group resources and achieve global product strategy synergy, future realme new products will focus on overseas markets, and product updates in the Chinese market will be suspended; OnePlus' product updates in the Chinese market will remain unchanged. realme and OnePlus will continue to provide high-quality experiences for users in the gaming and performance fields.
36Kr learned that according to the latest report "Market Share of China's Financial Industry Generative AI Platform and Application Solutions, 2025" released by International Data Corporation (IDC), China's financial industry generative AI market saw explosive growth in 2025, with an overall scale reaching 1.74 billion RMB, a year-on-year growth rate as high as 90.4%. In this fast-growing track, Baidu Smart Cloud, relying on its dual advantages in technical foundation and scenario implementation, ranked first in China's financial industry generative AI platform and application solutions market with a 16.6% market share.
36Kr learned that Shenzhen Huaqiang stated on an interactive platform that the company is the general distributor of Huawei's computing components (including Ascend and Kunpeng), will continue to promote the technology and product promotion of Huawei's computing components, actively assist Huawei in building a computing power ecosystem, and related work is being advanced and implemented as soon as possible. For the specific operating situation in the second quarter, please refer to the company's subsequent disclosed periodic reports.
Wang Ning, Founder of Pop Mart, Led a Team to Visit Apple Headquarters
36Kr learned that on the afternoon of July 14 local time, Wang Ning, founder of Pop Mart, led the core executive team to visit Apple Park in Silicon Valley, USA, and met with current Apple CEO Tim Cook and incoming new CEO John Ternus and other executives. The two sides had in-depth and friendly exchanges around creative design, digital ecology and global consumption trends.
Tencent Cloud Reached Strategic Cooperation with RoboScience
36Kr learned that on July 15, Tencent Cloud signed a strategic cooperation agreement with RoboScience, a global leading general embodied intelligence enterprise. Based on Tencent Cloud's infrastructure service capabilities, the two sides will jointly build an integrated base for the embodied intelligence industry, open up a large-scale path from data collection, multi-site collaborative labeling to model training and commercial implementation, and jointly create the industry's first cloud-based EaaS (Embodied-AI-as-a-Service) embodied intelligence service.
Baidu Wenku and Baidu Netdisk Will Upgrade to GenFlow at the End of July
36Kr learned that Baidu Wenku and Baidu Netdisk will soon upgrade to GenFlow, providing more professional services for professional groups and scenarios, and will launch independent web pages and clients, positioned as a "multi-terminal universal Agent platform" specially built for professional practitioners in finance, education, office and other fields, and will start internal invitation testing at the end of July. It is reported that the upgraded version of GenFlow will focus on the financial field in the first phase, providing customized financial industry solutions for financial practitioners, enthusiasts, financial companies and teams.
Investment and Financing:
Data Center Provider Csquare Finalizes US IPO Pricing, Raising $1.05 Billion
On July 16, Csquare, a data center provider backed by asset management giant Brookfield, announced that it will issue 50 million ordinary shares in its US IPO, with the issue price set at $21.00 per share. This offering is expected to be completed on July 17 local time, subject to customary closing conditions. (JIEMIAN)
New Products:
ZEEKR 9X Five-Seat Version Officially Announced to Launch on the 28th
On July 16, ZEEKR officially announced that the five-seat version of 9X will directly open large orders at 10 a.m. on July 28, without holding an offline launch event. Public information shows that since its launch, ZEEKR 9X has ranked first in sales among large SUVs in the 500,000-yuan price range for 7 consecutive months, with an average transaction price of over 530,000 yuan. A recent J.D. Power report shows that its NPS (Net Promoter Score) ranks first among all models priced above 500,000 yuan. European modification brands such as MANSORY and Lumma have successively launched customized solutions for it, among which the MANSORY version of 9X is priced at over $400,000 overseas.
JD.com: Launches Jingmai AI Operation Center
36Kr learned that on July 16, according to JD.com's official news, JD.com recently announced the official launch of the Jingmai AI Operation Center, and fully opened 22 core AI tools to merchants. The relevant person in charge of JD Jingmai said that the Jingmai AI Operation Center is a one-stop AI operation aggregation platform specially built by JD.com for merchants. At present, the first-phase functions of the Jingmai AI Operation Center have been fully launched.
36Kr learned that on July 15, Kingsoft Office held the "2026 AI Productivity Conference" in Shanghai, and launched two AI office agents on the same day, covering individual and organizational scenarios respectively: Lingxi Professional Edition for individuals, and WPS Comate for organizations. Among them, Lingxi Professional Edition provides every user with a dedicated AI office assistant; WPS Comate, as a new component, helps WPS 365 complete its upgrade. Zhang Qingyuan, CEO of Kingsoft Office, said at the meeting that office software is entering the third era — from stand-alone office and collaborative office to AI office.
Alibaba Will Exhibit Multiple Agent Platforms at WAIC
36Kr learned that on July 17, the World Artificial Intelligence Conference exhibition will open at the Shanghai World Expo Exhibition & Convention Center. At this conference, Alibaba Group exhibited multiple AI agent platforms for all industries and cutting-edge scientific research, including the Alibaba Cloud Bailian Inference Platform and the "DAMO Lingshu" scientific research agent platform. It is understood that the Alibaba Cloud Bailian Inference Platform has served 5 million users worldwide, including 1.2 million paying users, so far. Previously, with the assistance of DAMO Lingshu, the scientific research team predicted 68,000 possible superconducting materials based on the material foundation model Elements, among which 4 new materials have been synthesized and confirmed to have superconductivity.
Other Notable News:
Ministry of Commerce Responds to Progress in Promoting the Resolution of Nexperia Issues
He Yadong, spokesperson for the Ministry of Commerce, responded to questions about the progress in promoting the resolution of Nexperia at the regular press conference of the Ministry of Commerce held on July 16, saying that since China and the Netherlands established an open and pragmatic comprehensive partnership more than 10 years ago, bilateral economic and trade cooperation has continued to deepen. On July 7, Dutch Minister for Foreign Trade and Development Cooperation Liesje Schreinemacher visited China, and Minister Wang Wentao co-chaired the 18th meeting of the China-Netherlands Economic and Trade Mixed Committee with her, having frank and in-depth exchanges on China-Netherlands and China-EU economic and trade relations. The two sides agreed that the governments of the two countries should create a favorable environment, promote enterprises to resolve disputes through consultation, and ensure the security and stability of the global semiconductor industry chain and supply chain. (Xinhua News Agency)
China's Concentrated Solar Power Capacity Will Reach 15 Million Kilowatts by 2030
Data from the China Electricity Council shows that since the 14th Five-Year Plan period, the annual compound growth rate of China's concentrated solar power (CSP) industry has reached 11.7%, significantly higher than the global growth rate of 4.24%. During the 15th Five-Year Plan period, China's CSP industry will further enter a fast development track. By 2030, the total installed capacity of China's CSP will reach about 15 million kilowatts. (CCTV News)
South Korea Considers Imposing Social Media Restrictions on Children Aged 14 and Under
South Korea's media regulator said on Thursday that given growing concerns about excessive social media use, it is considering imposing social media restrictions on children aged 14 and under. Kim Jong-cheol, chairman of the Korea Communications Commission, spoke at a policy briefing held at the Blue House, emphasizing that excessive social media use among teenagers is a global problem. The latest proposal from South Korea's media regulator comes as governments of some other countries have taken legislative measures to restrict children and adolescents from using social media platforms. The European Union said it will propose a legislation after this summer to restrict children's access to such platforms. Australia has also become the first country in the world to ban minors under the age of 16 from having social media accounts. (Sina Finance)