8:00 36Kr Express | Driscoll's responds to the "carcinogen detected" allegation; Meituan denies launching delivery services such as "Bachelor-Exclusive Delivery" and "Master's Priority Delivery"; the US side calls on Samsung Electronics and SK Hynix to share excess profits

Today's Hotspot Guide

Zhou Hongwei, founder of ByteDance's XR business PICO, will step down, and Li Xiaokai will become the new head of the business

ZARA customer service responds to "wide-leg pants have potential safety hazards": Specialists are verifying and handling the issue

SpaceX will release its first financial report after going public on August 4

Love and Deepspace stops updating accounts on multiple platforms

The United States issues a global security alert

TOP3 Major News

Driscoll's responds to "carcinogen detection claim": Strawberries sold in China are sourced from Yunnan

Recently, the world's largest berry brand Driscoll's has been caught in a food safety controversy. U.S. consumers have filed a class-action lawsuit against it, alleging that its strawberries were detected with 8 types of "permanent chemicals" (PFAS) including Class 1 carcinogen perfluorooctanoic acid (PFOA).

The Chinese market has been affected by this incident. Offline channels such as Sam's Club and Ole' Boutique Supermarket have fully removed Driscoll's products from shelves, while platforms including Freshippo, Yonghui and Costco have suspended sales. On July 21, Driscoll's customer service responded to the media that the domestic supply chains are completely independent from the involved batches in the United States. Yunnan is its main producing region for products sold in the Chinese market, and all products comply with relevant standards and requirements. The customer service also presented a test report dated June 15, 2026, which shows that all 361 pesticide residue tests on the submitted samples are qualified. (Jiemian News)

Meituan Denies Launching Takeout Delivery Services of "Exclusive Bachelor Delivery", "Premium Master Delivery" and "Exclusive PhD Delivery"

Recently, screenshots of takeout delivery marked "Exclusive Bachelor Delivery, Premium Master Delivery, Exclusive PhD Delivery" have drawn widespread public attention. The screenshots show that the delivery options of a hot pot restaurant are divided into 4 tiers based on riders' academic qualifications, with the highest 88-yuan "Exclusive PhD Delivery" marked as requiring approval from the rider's supervisor. In response, Meituan customer service stated that the platform has never launched any delivery services that charge fees classified by riders' academic qualifications. The current delivery price is only related to factors including distance, weather, time period and delivery capacity, and there is no rule of extra surcharge for academic qualifications. (Yicai)

The US calls on Samsung Electronics and SK Hynix to share excess profits

Recently, Rick Switzer, Assistant U.S. Trade Representative (USTR), expressed an idea to South Korean Trade Minister: A large number of U.S. enterprises have purchased South Korean semiconductor products, especially memory, HBM, AI chips, etc., making tremendous contributions to the remarkable performance of Samsung and SK Hynix. Therefore, the United States believes that it also has the right to share the excess profits of Samsung and SK Hynix.

Public data shows that Samsung Electronics' estimated operating profit for the second quarter of 2026 is about 89.4 trillion won, and the actual operating profit in the first quarter reached 57.2 trillion won, a year-on-year surge of 756%; SK Hynix recorded an operating profit of 37.61 trillion won in the first quarter, with an operating profit margin as high as 72%, hitting a new high for four consecutive quarters. (Yicai)

AI at the Cutting Edge

Huang Zhenxin from Moonshot AI: AP calls account for 70% of B2B revenue, and a sustainable positive cycle has taken shape

On July 21, Huang Zhenxin, Head of B2B Enterprise Business at Moonshot AI, revealed that the company is soon to launch the Kimi Hosted Agent platform, which will open sandbox and Harness capabilities to ToB customers to create standardized enterprise-level capability output interfaces. As introduced, the platform offers standardized APIs including PPT generation and investment research system construction, supports customers to customize output styles, and can be directly embedded into enterprises' internal office systems for use. He also noted that AP call business currently accounts for 70% of the total B2B revenue, the overall commercialization path is clear, and a sustainable positive cycle has been formed. (Cailian Press) 

Google Develops New AI Server Chip "Frozen v2"

Latest news shows that Google is developing a new server chip with the internal code name "Frozen v2", which aims to run the Gemini model more efficiently. According to reports, this chip will permanently embed part of the Gemini model's architecture into the chip, thus reducing the amount of computation and data transmission required to answer users' questions. Google engineers expect that compared with the company's latest generation AI chip, TPU (Tensor Processing Unit), the Frozen chip can provide 6 to 10 times the token processing capacity per unit of power consumption. Driven by this news, Class A of Google (Stock Code: GOOGL) once rose by nearly 3.7% in the early US trading session, and Class C of Google (GOOG) rose by about 3.9% at its highest point. (Science and Technology Innovation Board Daily) 

Beijing: To Make Layout for and Build Token Factories, Strive to Add 50,000P of Intelligent Computing Power in the Second Half of the Year

It is learned from Beijing Municipal Bureau of Economy and Information Technology that in the first half of the year, the growth rate of the added value of the city's digital economy reached 7.8%, among which the growth rate of the added value of the core digital economy industries hit 9.8%, delivering a remarkable driving effect on the city's GDP growth. In the second half of the year, Beijing will promote full-domain empowerment of artificial intelligence, and push forward the application of intelligent translation, intelligent simultaneous interpretation and other technologies in the cultural and tourism consumption sector. It will formulate development policies for the Token economy, focus on key links including Token production, distribution and application, make layout to build Token factories and Token distribution platforms, and promote innovative applications in key sectors such as industry, education, culture and tourism. It will hold the "Win the Future" OPC special roadshow event to stimulate the artificial intelligence application and creation vitality of super individuals. Develop high-quality AIGC training courses for OPC to unlock the value of AIGC technology. Relying on the Open Source Chip Research Institute and Beijing Tongming Lake Information Technology Application Innovation Center, it will build an open source and open ecosystem of "RISC-V + AIOS", and construct a full-stack independent technology system covering chip instruction sets, operating systems and intelligent agent applications. It will further improve the supply capacity of intelligent computing power, build a support system of "super nodes + industry nodes", strive to add 50,000P of intelligent computing power in the second half of the year, and lift the total computing power scale to over 130,000P within the year. (China Finance News Service) 

Alibaba Qwen Releases New Model

On July 21, Alibaba released its latest image generation foundation model Qwen-Image-3.0, which is the third-generation foundation model of the Qwen image generation and editing model series. The new model supports an ultra-long input of up to 4.5k tokens, and can generate knowledge diagrams and complex UI interfaces that integrate multiple elements such as formula symbols, geometric figures, and logical deduction steps in a single pass, while natively supporting rendering for 12 languages and more than 20 font styles. (Yicai) 

Meta and NVIDIA Join Forces to Build Out the AI Materials Supply Chain

Social media giant Meta and chip manufacturer NVIDIA announced on Monday that they will jointly participate in the material discovery project of a UK-based AI startup, aiming to find new types of manufacturing materials for the semiconductor industry. The startup has previously obtained investment support from Amazon founder Jeff Bezos and the UK government. The startup named CuspAI completed a $450 million financing earlier this month, with a valuation of 2.6 billion US dollars. (Sina Finance) 

Tencent Hunyuan Launches Agent Hyra-1.0

36Kr learned that on July 21, Tencent Hunyuan announced the launch of the first version of Hyra (Hunyuan Research Agent), Hyra-1.0. According to the introduction of Tencent Hunyuan, this is a performance-oriented agent for research and engineering tasks that can achieve recursive self-improvement. In addition to model R&D and scientific discovery, Hyra can also access open scenarios such as gaming, design and content creation, and continuously iterate strategic outputs based on self-play, self-evaluation and user feedback. 

Big Companies / Major Events

ByteDance XR Business PICO Founder Zhou Hongwei to step down, Li Xiaokai appointed as the new business head

36Kr exclusively learned that ByteDance's XR (Extended Reality) business PICO recently completed the adjustment of its business head: due to personal planning reasons, founder Zhou Hongwei will no longer serve as the head of PICO, and Li Xiaokai will take over the position to take full charge of PICO's business. It is understood that this management handover will not affect PICO's established strategic direction, R&D work and product plans. ByteDance has confirmed this change: as the founder of PICO, Zhou Hongwei has made important contributions to the growth of PICO over the past 11 years. PICO has issued an internal notice confirming that Zhou Hongwei will leave the company, and expressed gratitude for Zhou Hongwei's long-term dedication and efforts. It is known that the new business head Li Xiaokai has many years of experience in R&D and management of consumer electronics and hardware products, joined PICO in 2021, and is responsible for the construction of PICO's core products and technologies.

ZARA Customer Service Responds to "Potential Safety Hazards of Wide-Leg Pants": Dedicated Specialist Is Verifying and Handling the Matter

On July 21, targeting the incident of "wide-leg pants having potential safety hazards", the customer service of ZARA official flagship store told the reporter of Beijing News Shell Finance that the relevant issue has been fed back, and it is currently being verified and processed by a dedicated specialist. The result will be notified as soon as feedback is available. According to reports, one style of ZARA wide-leg pants adopts a loose design at the trouser hem, the fabric is easy to wrap around the feet when walking and cause falls, which has been complained by consumers in overseas markets. On social platforms, some consumers also stated that "ZARA's pants always need to be cut short for a section", "its pants are totally unwearable for people with short stature", "many wide-leg pants are made too long at present". (Shell Finance)

CX Technology: 6,586,227 Shares Abandoned by Online Investors

CX Technology (688825.SH) announced on July 21 that the issuance results of its initial public offering of shares and listing on the Sci-Tech Innovation Board (STAR Market) have been released. The offering price is RMB 8.66 per share, the initial number of shares to be issued is 668,808.8608 ten thousand shares, accounting for about 10% of the total share capital after issuance. The final number of strategic placement shares is 166,706.4720 ten thousand shares, and the final online offering success rate is approximately 0.47141739%.

The announcement points out that online investors have subscribed for 3,844,517,273 shares with full payment, and abandoned 6,586,227 shares; offline investors have subscribed for 2,173,101,821 shares with full payment, and abandoned 31,567 shares. The joint lead underwriters have underwritten 6,617,794 shares, with the underwriting amount of RMB 57.3101 million. Before the exercise of the over-allotment option, the total issuance expense is RMB 281 million. (Cailian Press)

Trump Announces 100% Tariff on Generic Drugs Two Years Later

On local time July 21, U.S. President Trump posted on social media that starting from August 1, 2026, all generic drugs imported into the United States will continue to apply zero tariffs for the next two years. After the two-year period expires, a 100% tariff will be imposed on relevant products for a period of one year; after that, the tariff will be further increased to 200%. Trump said the purpose of implementing this policy is to promote the reshoring of generic drug production back to the United States. Enterprises that fail to construct production plants and related facilities in the United States within the specified time limit will face tariff penalties. The current policies for patented drugs, branded drugs and innovative drugs will remain unchanged due to their good implementation effect. (CCTV News)

Canadian Prime Minister Responds to US Additional Tariffs: The Latest Measure of Unilateral Trade Actions

According to the news on July 21, Canadian Prime Minister Mark Carney issued a statement on July 20 local time regarding the US government's announcement of imposing a 50% tariff on a variety of Canadian goods. Carney stated that this is the latest measure in a series of unilateral trade actions by the United States, which violates the "United States-Mexico-Canada Agreement" (USMCA). Canada is united to cope with these "threats to Canadian sovereignty" and is taking actions to protect its economy and citizens. Carney said that over the past 18 months, the United States has been adjusting various of its trade relations, including the trade relations covered by the USMCA. Therefore, Canada has put forward a series of detailed and comprehensive proposals to resolve the current dispute and modernize the USMCA. He said, "We are ready to strengthen relevant consultations in the coming weeks." (Cailian Press)

SpaceX to Release Its First Earnings Report After Listing on August 4

On local time July 20, Space Exploration Technologies Corp. (SpaceX) announced that it will release the financial and operational data for the second quarter of 2026 after the close of U.S. stock market on August 4, which will be the company's first quarterly earnings report after its listing. The market is paying close attention to this earnings release not only because it will disclose SpaceX's post-listing financial performance for the first time, but also because it will trigger the largest unlock of restricted insider shares in the company's history. According to the phased lock-up agreement, on the second trading day after SpaceX releases its first earnings report, up to about 911.5 million eligible insider and employee shares will be unlocked, accounting for 20% of all unlockable shares. Calculated at the latest stock price, the value of potential tradable shares is about 109 billion U.S. dollars, exceeding the financing scale of the company's IPO. (Jiemian News)

Accused of having employees act out laid-back vibe with the boss, MediaStorm: This is utterly malicious

On July 20, a netizen commented that "MediaStorm is a company where a group of employees act out the laid-back vibe of white people along with their boss", implying that its relaxed working atmosphere is a deliberate performance imitating Westerners. Afterwards, a large number of marketing accounts amplified this comment, accusing the company of "faking laid-back state". In response, MediaStorm released its latest response stating, "We have seen a lot of marketing accounts posting this kind of interpretation recently, this is so malicious." "It turns out that paying taxes in full compliance with laws and regulations + paying full six insurances and one housing fund + filming programs during working hours (no rest days occupied, with separate bonuses) + continuously improving employee benefits + numerous programs promoting intangible cultural heritage and China = you are a white person, abusing employees, forcing people to act with you. You can criticize us for other things, but this is absolutely intolerable." MediaStorm noted. (JIEMIAN NEWS)

Love and Deepspace Accounts Across Multiple Platforms Halt Updates

On July 21, China Central Television (CCTV) exposed that the age restriction for the otome game "Love and Deepspace" is nothing but a dead letter. According to reports, Ms. Wu's 13-year-old daughter used her parent's ID card without prior consent to register for this otome game that is explicitly restricted to users aged 18 and above, and accumulated nearly 30,000 yuan in in-game top-ups over several months. What Ms. Wu found most unacceptable is that some scenarios in the game contain borderline content featuring "semi-nude" virtual characters, ambiguous interactions and even sexual hints, which severely undermines the physical and mental health of minors. Earlier, the game had sparked heated public debate due to the promotional controversy of its new male lead. The development team issued three public apologies, announced the cancellation of the launch and development plans for the new male lead "Ao Yin", and promised that no new male leads would be launched in the future. On July 21, it was found through inquiries that accounts of "Love and Deepspace" across multiple platforms have not released any new content since July 8, and the update hiatus has lasted for 13 days so far (Poster News)

Xiaomi Raises Smartphone Shipment Target, Most of the Increment Comes from Low-end Models

On July 21, Jiemian News learned from the supply chain that Xiaomi has raised its full-year 2026 smartphone shipment target from about 90 million units to 110 million units, with an increase of around 16%, and the newly added increment mainly comes from low-end models. A person close to Xiaomi told Jiemian News that this upward adjustment of the shipment target is based on Xiaomi's internal judgment that the current memory market is expected to usher in a reversal. Affected by the continuous short-term surge and rising cost of upstream memory chips, Xiaomi had lowered its shipment target twice this year. The above-mentioned person also said that the signal brought by Xiaomi's raised shipment target this time is that downstream manufacturers in the memory industry are no longer willing to pay for the continuously rising memory costs. When the tolerance of the demand side hits the ceiling, the momentum of price increase will likely reach an inflection point. (Jiemian News)

U.S. Releases Global Security Alert

On local time July 20, the U.S. Department of State issued a "Global Security Alert", advising U.S. citizens around the world to stay highly vigilant. The U.S. Department of State stated that tensions in the Middle East are intensifying, the security environment is complex, and there is a risk of accidental escalation of the situation.

The U.S. Department of State indicated that U.S. citizens currently in the Middle East should maintain a high level of alert, and prepare for flight cancellations, phased airspace closures and other travel disruptions; U.S. citizens outside the Middle East region should reconsider traveling to or transiting through the region. The U.S. Department of State also stated that U.S. diplomatic facilities, including those in areas outside the Middle East, have become attack targets. Iran and its supporters may launch attacks against U.S. overseas interests, U.S.-related locations across the globe or U.S. citizens. (CBN)

U.S. judge approves $1.5 billion copyright lawsuit settlement involving Anthropic

According to reports, on local time July 20, U.S. Federal Judge Araceli Martinez-Olguin of the Northern District of California approved a $1.5 billion settlement agreement involving artificial intelligence company Anthropic, rejecting objections that the compensation amount was too low. The agreement aims to resolve the class action filed by writer groups, who accused Anthropic in 2024 of using their works without permission to train its AI chatbot Claude. (Jiemian News)

First global submission and launch of globally synchronously developed innovative drug in China

According to the National Medical Products Administration, an innovative drug with a new target that has been synchronously developed and declared across the globe was first approved for marketing in China today, marking a historic breakthrough that the original-target innovative drug developed via global multi-center research achieves the first submission and first launch in China.

It is learned that this innovative drug, named "Selective Orexin Type 2 Receptor Agonist", is used to treat type 1 narcolepsy in adolescents aged 16 and above and adults. Xu Xiaoqiang, Director of the Chemical Drug Division of the Drug Registration Department of the National Medical Products Administration, stated that marketing authorization applications for this innovative drug were submitted synchronously to countries including China, the United States, and Japan. China is the first country worldwide to approve its marketing, which marks that in the field of "globally new" drug R&D, China has achieved the historic breakthrough of first global submission and first launch across the whole process from original target discovery, simultaneous promotion of international multi-center clinical trials, to registration and marketing. (Jiemian News)

Sources say Samsung Electronics plans to build 4 wafer fabs in South Korea over the next 5 years

According to ZDNETKorea, Samsung Electronics has recently solicited opinions from major partners on the feasibility of its medium and long-term semiconductor capacity investment strategy, which mentions the plan to complete 4 wafer fabs in South Korea in the next 5 years. Samsung Semiconductor's new wafer fab plans in South Korea include Pyeongtaek P5 and P6, the first wafer fab in Yongin, and the first wafer fab in Gwangju. Samsung Electronics previously announced that it plans to invest about 400 trillion won in Gwangju to build two new semiconductor wafer fabs; meanwhile, the progress of the Yongin wafer fab cluster will also be accelerated. (Financial Associated Press)

Intel to lay off staff in its Data Center Division

According to reports, Intel has notified employees in its data center division that the company plans to launch a new round of layoffs. An Intel spokesperson stated in a statement: "To implement the overall strategy and build an enterprise with more focused business and more efficient operations, the company's Data Center Business Unit is adjusting its organizational structure to match positions and talents that adapt to long-term business development, and consolidate the foundation for long-term development. We will respect all affected employees, provide corresponding supporting resources, and achieve a smooth transition of this personnel adjustment." (JIEMIAN News)

TSMC Responds to Reports That Central Glass Has Suspended Production of High-Purity Tungsten Hexafluoride: Diversified Supply Remains Unaffected

According to reports, recent market news has it that Central Glass, the special gas supplier that provides gas products to major semiconductor manufacturers including TSMC, will discontinue the production of high-purity tungsten hexafluoride. In response, TSMC stated that it does not expect any impact on the company's operations at the moment. The PR department of TSMC gave a full response on July 20, noting that "The company's global procurement layout strategy is to continuously develop multi-source supply solutions and build a diversified global supplier system. We do not expect any impact on the company's operations at present." Both TSMC and its supply chain suppliers mentioned that there is no supply disruption of gas-grade tungsten powder raw materials for the time being, and there are still a number of alternative solutions, so the impact on the industry is expected to be limited. (Jiemian News)

Trump Administration Announces: 50% Cut in Aluminum Tariffs for Factories Built in the United States

The Trump administration has announced incentives that allow enterprises building, expanding or renovating aluminum plants in the United States to enjoy tariff discounts when importing the metal from abroad. Under the scheme released on Monday, the import tariff on aluminum will be reduced from 50% to about 25% for companies that meet the new requirements and obtain U.S. approval. Trump ordered the imposition of a 50% tariff to boost domestic aluminum production capacity. But his efforts have yielded very little results so far, and many countries have lobbied the U.S. government to lower the tariffs. (Sina Finance)

Goldman Sachs Says Hedge Funds Are Dumping U.S. Tech Stocks at a Record Pace

According to reports, the prime brokerage division of Goldman Sachs Group pointed out that hedge funds have withdrawn from U.S. tech stocks at a record rate in the past two months. The team led by Vincent Lin analyzed that these funds have been net sellers of this sector for six out of the past eight weeks. The cumulative reduction in market value positions reached about 10%, hitting the highest level since the statistics of this data were started more than a decade ago. The department said: "Against the backdrop of continued volatility and sharp sell-offs in the semiconductor/memory/artificial intelligence infrastructure sectors, the persistence and scale of sell orders since early June show that tech investors have significantly cut their positions, and some signs of capitulation have begun to emerge." (Jiemian News)

3.567 Trillion Stock ETFs Hit Record on Contrarian Dip-Buying

Wind data shows that as of July 20, equity ETFs across the entire market have recorded net capital inflows for 11 consecutive trading days, with a total cumulative net inflow of 3.567 trillion yuan in this interval. The single-day net inflow on July 17 reached 75.867 billion yuan, the third highest single-day net inflow scale in history. Last week alone, the total net inflow of equity ETFs exceeded 203.6 billion yuan, refreshing the all-time record for the highest weekly net inflow. (Cailian Press)

UBS: Remain bullish on technology and AI as the core investment theme

In the latest China equity strategy view published on July 21, Meng Lei, China Equity Strategist at UBS Securities, stated that after the short-term market volatility, the technology sector and AI will continue to be the main market themes for the second half of the year.

He put forward three major reasons: First, benefiting from the rapid development of global artificial intelligence and strong support from domestic policies, the technology sector is expected to maintain robust earnings growth; Second, various types of capital including industry and thematic ETFs, technology-focused active public funds, margin financing, private equity and other capital sources are expected to continue to see marginal net inflows into the technology sector; Third, the "concentrated position holding" in the technology sector still has potential for further improvement in both time and dimension. (Yicai)

IM Motors Responds to Abnormal Vehicle Delivery at Individual Dealers

On July 21, IM Motors released a statement regarding recent false rumors on the internet: On July 7, 2026, Yunnan Kunming Zhihe Yuexing Automobile Sales Service Co., Ltd. (one of the two IM Motors dealers in Kunming) suffered a capital chain rupture due to private lending, which resulted in some users being unable to obtain vehicle certificates from financial institutions for vehicle registration, and normal vehicle delivery being disrupted. Meanwhile, the associated entity of this dealer, Zhuhai Zhihe Yuexing Automobile Sales Service Co., Ltd., was also affected in terms of vehicle delivery in the Zhuhai area. On the day the incident occurred, IM Motors set up a special working group immediately, which was stationed on site the next day, actively cooperating with the government and coordinating relevant parties to provide follow-up services for users. As of July 17, IM Motors has basically completed user docking and situation sorting, and has successively resumed the issuance of vehicle certificates and vehicle delivery since July 18. It is expected that the orders and vehicle delivery for all normal car-purchasing users will be completed by this weekend. (JIEMIAN NEWS)

Netflix Returns to Bond Market for Financing After Two Years

Streaming giant Netflix announced on Monday that it will return to the U.S. investment-grade bond market and plans to issue corporate bonds maturing in 2036. This is the company's second bond market financing after two years since its first investment-grade bond issuance in 2024. According to people familiar with the matter, the initial price guidance for this batch of bonds is about 95 basis points higher than the yield of U.S. Treasury bonds of the same maturity. Per the documents submitted by Netflix to regulatory authorities, the proceeds from this issuance will be mainly used to repay approximately 1 billion U.S. dollars of debt maturing later this year, and the remaining part will be used for general corporate purposes. (Sina Finance)

Three major U.S. stock indexes closed higher collectively, with large-cap tech stocks mixed in performance

36Kr learned that at the close of trading on July 21, the three major U.S. stock indexes rose collectively, with the Nasdaq up 1.29%, the S&P 500 Index up 0.89%, and the Dow Jones Industrial Average up 0.74%. Large-cap tech stocks posted mixed gains and losses: Intel rose more than 8%, Tesla rose more than 2%, NVIDIA and Netflix rose more than 1%, Apple rose 0.35%; Google and Microsoft fell more than 1%, Amazon fell 0.98%, Meta fell 0.32%. Most popular Chinese concept stocks declined while a few gained: NetEase fell more than 3%, Miniso and Tencent Music fell more than 2%, Alibaba, Baidu and Pinduoduo fell more than 1%; Futu Holdings rose more than 5%, iQiyi rose more than 1%.

IPO in Progress

Zhongji Xuchuang: Maximum offering price for Hong Kong listing not exceeding HK$1010 per share

36Kr learned that Zhongji Xuchuang announced on the Hong Kong Stock Exchange that it will issue 54.5 million shares in Hong Kong, with a maximum offering price of HK$1010 per share. The shares are expected to commence trading on the Hong Kong Stock Exchange on July 30.

Investment and Financing

Moonshot AI Kimi is negotiating its last pre-IPO round of financing at a pre-money valuation of 50 billion USD

Domestic large model unicorn Moonshot AI plans to kick off negotiations for its last round of financing prior to listing in August, targeting a pre-money valuation of 50 billion USD. According to people familiar with the matter, the company is expected to close a round of financing launched before the release of Kimi K3 in the coming days, with a pre-money valuation of approximately 31.5 billion USD. After the financing is completed, Moonshot AI will immediately start negotiations for a new round of financing, which will be the last private equity financing before the company goes public in Hong Kong. The company may land on the Hong Kong capital market as soon as within 6 months. (CLS) 

Ant International Completes Series A Financing of Approximately USD 1.2 Billion

On July 21, Ant International announced that it has completed its Series A financing. Ant Group, some existing shareholders including Alibaba, and a number of world-renowned investment institutions participated in this round of financing. The total financing amount of this round is about USD 1.2 billion, which will be used to expand global business, accelerate investment in cutting-edge technologies such as AI, expand inclusive fintech services covering cross-border payment, global accounts and other fields, and drive global merchants to achieve growth. (Yicai Global) 

"RealAI" Completes Hundreds of Millions of Yuan Series B Financing

36Kr has learned that recently, AI security technology company "RealAI" has successively completed Series B1 and Series B2 financing totaling hundreds of millions of yuan. The investors include Xinglian Capital, Digital Trade Fund under China Merchants Group, Zhuoyuan Asia, Zhuoyuan Capital, Fudi Venture Capital, Tsinghua Shuimu Alumni Seed Fund, etc. This round of financing will be mainly used for the continuous R&D and industrial implementation of the secure and trustworthy large model system. 

Cool Products

Japan Launches Mobile Human Body Refrigerator Priced at 63,000 Yuan: Delivers "Rapid Cooling" in 10 Minutes

Recently, a novel invention from Japan has drawn widespread attention. Shaped like a giant refrigerator and dubbed "human body refrigerator", this device can cool down the human body. Its design inspiration comes from the refrigerated vending machines commonly seen on Japanese streets. The device maintains a constant internal temperature of 15°C. After users sit in it, cold air of around 5°C will blow to their head, neck, shoulders and back, rapidly lowering the temperature of the whole body. Currently, this device is priced at 1.5 million Japanese Yen (equivalent to about 63,000 RMB), and is mainly targeted at enterprises and other relevant entities. (Guancha.cn) 

Attached Image

Compiled｜Yixuan Wang