8:1 Kr | Duan Yongping says there is a high probability that he will not sell his Pop Mart shares within 10 years; Chinese mathematicians Wang Hong and Deng Yu have won the Fields Medal; IKEA responded to the fire sale of 8 properties: this does not mean it is exiting the Chinese market

Today's Hotspot Guide

• Hu Han, Head of Hunyuan Multimodal Understanding, has resigned to start his own business, and the original team is expected to focus on world models
• Zeekr responds to the "overseas vehicle locking" incident
• Customer service responds to Topsports' aggressive discount clearance of Nike inventory: no price reduction notice has been received
• Haaland and Yamal's 220 million euro market value sets a new record
• Zhang Xuefeng's daughter has taken over shares of three more companies

TOP 3 Major News

Duan Yongping: Most likely will not sell Pop Mart within 10 years

On July 23, Duan Yongping shared his latest thoughts on recent investment operations on the social media platform Xueqiu. A user on Xueqiu asked the renowned investor Duan Yongping: "A Duan, are you going to reduce your position in Pop Mart to buy Elon Musk's SpaceX?" In response, Duan Yongping said:

I just started buying Pop Mart! I guess there is a high probability that I will not sell it within 10 years. However, my position in Apple has been relatively mature, and some of my shares were just called away via call options, and the proceeds have been used to buy t-bills (U.S. short-term Treasury bills). Although the current price is slightly lower than the strike price of the exercised call, I do not intend to make additional purchases at this price level. A few days ago, I sold some puts of MU (Micron Technology), and in the following days I will sell some puts of SpaceX and Tesla, as well as some puts of PLTR (Palantir Technologies). AI is a sector that cannot be ignored, and I am making efforts to understand it... (Yicai)

Two Chinese mathematicians Wang Hong and Deng Yu have won the Fields Medal for the first time, an award hailed as the "Nobel Prize in the field of mathematics"

On the morning of July 23 local time, the 2026 International Congress of Mathematicians kicked off in Philadelphia, the United States. The International Mathematical Union officially announced the list of winners of the 21st Fields Medal at the opening ceremony. Wang Hong and Deng Yu, alumni of the 2007 undergraduate program of Peking University, both claimed the award, marking the first time that Chinese mathematicians have obtained two medals in the same Fields Medal session. The Fields Medal is awarded every four years, with no more than four winners each time, to recognize scholars under the age of 40 in the award year who have made outstanding contributions to the field of mathematics. It is one of the highest honors in the international mathematics community, known as the "Nobel Prize of the mathematical world". (People's Daily)

IKEA Responds to the Fire Sale of 8 Properties: It Does Not Mean Exiting the Chinese Market

Recently, JLL's official WeChat account revealed that Ingka Group, IKEA's parent company, has appointed it as the exclusive agent to sell 8 self-owned commercial assets in China, with a total property right area of 498,000 square meters. This is also the largest-scale centralized disposal of self-owned assets since IKEA entered the Chinese market nearly 30 years ago. IKEA responded to this that it has recently entrusted professional institutions to carry out follow-up disposal work for the self-owned properties of some closed stores in the Chinese market. The reporter learned from relevant IKEA sources that IKEA is advancing capital reallocation in four major directions: optimizing the layout of large stores, expanding small-format stores, developing partial home decoration business, and promoting the introduction of local capital into LIVAT shopping malls. This series of adjustments is a choice adapted to the era of existing housing stock and the downward cycle of commercial real estate in China, and does not mean exiting the Chinese market. (21st Century Business Herald)

AI Cutting-edge

Hu Han, Head of Hunyuan Multimodal Understanding, Resigns to Launch His Own Startup, the Original Team May Focus on World Models

36Kr exclusively learned that Hu Han, Head of Tencent Hunyuan Multimodal Understanding, has recently submitted his resignation. After joining Tencent in early 2025, he was in charge of the research on large vision models. In subsequent adjustments, he joined the "Frontier" cutting-edge technology research group under the Large Language Model Department, responsible for relevant research on multimodal understanding and reporting to Yao Shunyu. It is known that Hu Han also undertook the R&D work of world models. Yao Shunyu, Head of Tencent's Large Language Model Department, has recently been intensively sorting out the teams under his management, and the research group where Hu Han used to work may focus on the cutting-edge research of world models.

Jensen Huang: The market has underestimated the influence of Chinese model Kimi, just as it previously underestimated DeepSeek

Recently, Jensen Huang, Founder and CEO of NVIDIA, was asked in a program interview how the United States should cope with competition from China's AI industry. Huang said, "Chinese models are extremely outstanding", and the market has underestimated the influence brought by the open-source model Kimi, just as it previously underestimated DeepSeek. (Jiemian News)

SpaceXAI plans large-scale expansion of data centers in Texas

Three people familiar with the matter disclosed that SpaceXAI, the core artificial intelligence business entity under Elon Musk, is in the preparation stage and plans to build at least one new large-scale data center in Texas. This expansion will significantly expand SpaceX's AI computing resources outside its existing computing power hub in Memphis, Tennessee. Two insiders revealed that SpaceXAI has surveyed multiple potential sites in Texas in recent months and discussed a variety of construction solutions: it can either acquire new land for new construction, or renovate existing warehouses to build data centers, which is exactly the same as the model SpaceXAI adopted to transform old factories to build its first data center in Memphis. (Sina Finance)

Feishu Agent Product Feishu aily Upgraded, Supporting Autonomous Work and Team-Shared Agents

36Kr learned that on July 23, Feishu aily, the Agent product built in Feishu, has been fully upgraded. Within the scope of user authorization, the new version of Feishu aily can carry out work based on information including Feishu messages, documents, calendars, meetings, tasks and multidimensional spreadsheets, proactively follow up on tasks, and cooperate with team members or other agents through labor division.

Big Companies / Major Events

Reportedly Porsche plans to cut another 5,000 jobs and may implement salary reductions

It is learned that ahead of the arrival of a new round of product offensive, Porsche is seeking to improve its financial performance through cost reduction. In addition to the 3,900 positions already announced to be cut during the tenure of former CEO Oliver Blume, the company may further lay off staff in the coming years. German business media *Automobilwoche* cited sources close to Porsche's Zuffenhausen headquarters that current CEO Michael Leiters submitted the future development strategy to the supervisory board earlier this week, proposing an additional layoff of around 5,000 people. If this plan is implemented, the total number of layoffs at Porsche will reach approximately 9,000. For reference, the total number of employees of the company has dropped from 42,615 in 2024 to 41,780 last year. Apart from further layoffs, Porsche may also lower employees' salaries. In exchange, the company plans to offer job security until 2035 for retained employees, which means that the company will not carry out layoffs due to operational reasons before 2035. (IT Home)

CSRC: Step up efforts to promote standardized governance of listed companies and continuously unleash the vitality of mergers, acquisitions and restructuring

Jin10 Data reported on July 23 that the China Securities Regulatory Commission held a symposium on Party building and regulatory work. The meeting emphasized supporting high-quality performers and restricting inferior entities to promote listed companies to grow better and stronger. It will further consolidate the comprehensive punishment and prevention system for financial fraud, step up efforts to promote standardized governance of listed companies, continuously unleash the vitality of mergers, acquisitions and restructuring, and roll out more typical cases. It will promote the high-quality development of industry institutions in a tiered and categorized manner, improve the "1+N+X" regulatory system for securities companies, accelerate the implementation of a package of measures to promote the standardized development of fund companies, introduce the regulatory measures for futures companies as soon as possible, and vigorously promote the standardized and sound development of private equity funds. It will nip risks in the bud to firmly hold the risk prevention bottom line in key sectors, resolutely safeguard the safety and stability of capital market financial infrastructure, and focus on preventing and resolving the default risks of bonds related to financing platforms and the real estate sector. Seventh, it will steadily and orderly deepen the two-way opening-up of the capital market and further strengthen cross-border regulatory cooperation. (Jin10 Data APP)

Zeekr Responds to the "Overseas Vehicle Lockout" Incident

Recently, a Zeekr car owner in Henan encountered an issue during a cross-border self-driving trip: as the vehicle remained in an overseas positioning state for a long time, the infotainment system popped up a mandatory prompt interface with its intelligent functions temporarily restricted. Relevant topics have aroused widespread market attention to the remote risk control mechanism of new energy vehicles. In response to the "overseas vehicle lockout" controversy, Zeekr official responded to reporters on July 23 that: "After verification, the vehicle triggered the built-in safety protection mechanism of the infotainment system because its positioning data showed it was in an overseas region. The system will first pop up a reminder; if the positioning status remains unchanged, a further mandatory prompt screen will appear on the infotainment interface." Zeekr stated that this mechanism is a widely adopted anti-theft and anti-damage measure in the industry, which aims to protect the property safety of car owners, comply with regulatory requirements of various countries and the vehicle import and export management order, and can effectively prevent vehicle safety risks caused by smuggling, theft and robbery. (Yicai)

Tencent Employee With 3.17 Million Yuan Year-End Bonus Dismissed for Confidential Leakage: Blacklisted and Never Rehired

Recently, Tencent issued an internal notice that Ye, head of a project team under WXG (Weixin Group), was dismissed and permanently blacklisted by the company for disclosing sensitive corporate information. It is learned that the incident originated from a year-end income screenshot that once went viral across the entire internet. The screenshot shows that Ye's year-end incentive consists of two parts, cash and stocks, with a total amount of nearly 3.2 million yuan, including a cash bonus of more than 820,000 yuan and a stock incentive of more than 2.35 million yuan. Later, some netizens found that the screenshot came with Tencent's internal watermark, which immediately triggered the salary leakage controversy. After the public outcry escalated, Ye's internal meeting schedules were quickly cleared, and industry insiders at that time speculated that the salary leakage had triggered Tencent's compliance violation alert. (Bianews)

Elon Musk Officially Announces That He Will Produce The Film "Odyssey" With AI

Recently, Elon Musk stated in a reply to netizens on X that he is going to use his self-developed AI video generation tool GrokImagine to produce a full-length feature film themed on the ancient Greek epic *Odyssey* before the end of 2026. Musk said that this film will be "historically accurate and faithful to Homer's artistic work". He also reposted a clip of AI-generated video that showcases multiple scenes inspired by *Odyssey*. However, Musk has not disclosed specific information of the project such as the exact production method and film duration, nor has he explained how GrokImagine will maintain the consistency of character images, plot development and visual style in a full-length feature film. (IT Home)

Liang Wenfeng's Remarks at the Private Investor Meeting Exposed

Recently, the remarks of Liang Wenfeng, founder of DeepSeek, at a four-hour-long private investor meeting have been leaked through multiple channels.

According to information obtained by reporters from multiple sources, Liang Wenfeng systematically elaborated on DeepSeek's strategic trade-offs at the meeting: the company will not develop 3D, video generation and world models, will not pursue user scale, and has no intention of becoming the next super App. All resources will be concentrated on the main technical path leading to AGI. In addition, Liang Wenfeng also disclosed the company's next-stage technical roadmap for the first time: after Chain of Thought (CoT) and Agent, DeepSeek will focus on tackling the "continual learning" capability of models. (21st Century Business Herald)

Customer Service Responds to Topsports' Aggressive Discount Clearance of Nike Inventory: No Price Cut Notice Received

July 23, the topic "Topsports Conducts Aggressive Discounts to Offload Nike Inventory" hit the trending search list. According to Orange Persimmon Finance, Wu Zheng, a veteran sneaker buyer and store owner with 20 years of experience in the sneaker industry, believes that Topsports has started to clear its inventory. Industry insiders estimate that Topsports holds a large amount of Nike's online inventory. Over the next more than five months, the market expects Topsports to gradually increase its inventory promotion efforts, and lower discounts may appear for off-season inventory in the coming months. However, many netizens commented on social media that most Nike shoes sold by Topsports are not on promotional discounts, and their prices remain the same as before. According to China News Finance, the Nike men's running shoe ZOOM FLY 6 at Topsports stores is sold at a 40% discount for 599.4 yuan, while it is only priced at 579.65 yuan after applying various coupons in the official Nike flagship store. On the 23rd, customer service representatives from multiple official online flagship stores of Topsports all responded that they had not received relevant price reduction notices. "Sometimes there may be coupons in the live streaming room, which will make the price a bit cheaper." (Jiemian News)

Google: The value of its stake in SpaceX is 94 billion US dollars, of which approximately 80 billion US dollars is subject to a short-term lock-up agreement

Google stated that after SpaceX completes its Initial Public Offering (IPO), the value of its held shares in SpaceX amounts to 94 billion US dollars, of which the portion of approximately 80 billion US dollars is bound by the short-term lock-up agreement. (CLS)

Haaland and Yamal's €220 million Market Value Breaks the Historical Record

According to news on July 23, the latest partial player valuations updated by the German Transfermarkt website (referred to as "Transfermarkt") show that the valuations of both Yamal and Haaland have risen to 220 million euros, breaking the all-time player valuation record. Before this update, the Transfermarkt valuations of Haaland and Yamal were both 200 million euros, which was also the previous all-time high player valuation record on Transfermarkt. After this update, both players have refreshed this record. In addition, Mbappé's valuation has also increased by 20 million euros to 200 million euros; Bellingham has seen the most notable valuation increase, rising by 30 million euros in this round, with the latest current valuation standing at 160 million euros. (Jiemian News)

Apple is set to fully upgrade its Mac product line

On July 22 local time, tech journalist Mark Gurman published an article stating that Apple is gearing up for a full-scale upgrade of its Mac product line, aiming to capitalize on the growing demand for high-performance laptops and desktops driven by the artificial intelligence boom. It is reported that Apple plans to roll out new versions of all its Mac products in succession from this fall to next year, including the highly anticipated desktop computer updates, multiple new laptops, and the new MacBook Pro. Apple will first launch the updated entry-level 14-inch MacBook Pro, which will be one of the first Mac products equipped with the brand-new M6 chip. Apple will also release its first new iMac in two years. (JIEMIAN NEWS)

Multiple high-end smartphones see price hikes of over 1,000 yuan

The wave of smartphone price hikes driven by storage chip shortages has spread to the high-end product market. On July 23, according to CCTV Finance, during the summer consumption peak season, multiple new models and existing models from major manufacturers have seen price increases, generally ranging from 300 yuan to 1,000 yuan, with some high-end models even recording a price rise of over 1,000 yuan. Brand stores are leveraging policies such as the national trade-in subsidy to lower the threshold for purchasing new phones. The domestic Android high-end segment is the sector with the most prominent price increase in this round, and multiple large-storage flagship phones and foldable screen devices from brands including vivo, OPPO and Honor have all seen their price adjustments exceed the 1,000-yuan threshold. Among them, the entire iQOO 15 and iQOO 15 Ultra lineups under vivo have raised prices, with the standard version seeing a single-round price increase of 400-1000 yuan, and the top-spec 16GB+1TB variant of the iQOO 15 standard version has a cumulative price increase of 1,500 yuan compared with its launch price. (CCTV Finance)

Zhang Xuefeng's Daughter Takes Over Shares of Three More Companies

Tianyancha App shows that recent industrial and commercial changes have taken place at three companies under the name of Zhang Xuefeng (Zhang Zibiao): Suzhou Fengxue Weilai Education Technology Co., Ltd., Suzhou Fengyue Wanjuan Culture and Books Co., Ltd., and Suzhou Fengfenghuohuo Chuangjiuzhou Travel Agency Co., Ltd. Zhang Xuefeng has withdrawn from the shareholders of all the above companies, stepped down from the positions of legal representative and executive director, while adding Liu Qiaoli and Zhang Nianhan, Zhang Xuefeng's daughter, as new shareholders. In addition, Li Lijing, Zhang Xuefeng's wife, has been added as a director of Suzhou Fengxue Weilai Education Technology Co., Ltd. and Suzhou Fengyue Wanjuan Culture and Books Co., Ltd. (Jiemian News)

Uber Technologies cuts 10% of customer service roles, citing the reason of "embracing" artificial intelligence

Uber Technologies Inc. stated that as part of the overall strategy to streamline staffing structure and fully embrace artificial intelligence, the company has cut 10% of positions in its customer service business. A spokesperson for Uber revealed via email that the company announced the layoff plan for the community operations team on Wednesday, noting that this adjustment aims to "simplify operational processes, strengthen offline collaboration, and continuously promote the implementation and application of artificial intelligence". The spokesperson added that in accordance with the company's requirement for all employees to return to on-site work, former remote employees of this team are also required to report to the offline central office to perform their duties. (Sina Finance)

China's Brain-Computer Interface Achieves Major Breakthrough: The World's First Cross-Regional Synchronous EEG Signal Collection Involving Over 1,000 People

On the afternoon of July 22, a Chinese scientific research team released a new EEG signal acquisition device, realizing the world's first cross-regional synchronous EEG signal collection for more than 1,000 people, which marks a critical step forward for the training of large neural models and the R&D of general brain-computer interface technologies. According to the R&D team, the realization of thousand-level cross-regional synchronous collection relies on overcoming two core technical difficulties: first, guaranteeing signal acquisition accuracy while realizing equipment miniaturization; second, eliminating the influence of network latency to achieve millisecond-level precise time alignment between multiple devices across different regions, ensuring that different EEG signals can be analyzed uniformly. In the future, large-scale EEG acquisition technology will continuously accumulate data for training foundational neural models. This also means that AI learning materials will no longer be limited to indirect information such as text, images and videos, but can directly understand human cognitive states through neural signals. (CCTV Finance)

Multiple BBA Models Announce Sharp Price Cuts Simultaneously

Since the beginning of this year, Mercedes-Benz, BMW and Audi have collectively lowered their official guide prices in the Chinese market, or increased the intensity of terminal discounts. Reporters from Yicai recently paid field visits to a number of luxury brand 4S stores in Shenzhen, finding that terminal discounts for mainstream models generally range from 90,000 yuan to 130,000 yuan, and the actual transaction price of some models is nearly 200,000 yuan lower than the on-road price in earlier years. However, many dealers and front-line sales personnel said that there is no profit in the vehicle sales link, and the operation of stores is currently supported by after-sales business. In terms of pricing, Audi offers the most aggressive concessions, with the comprehensive discount for Q6 as high as 130,000 yuan. Models that had an on-road price of around 500,000 yuan in earlier years can now be obtained for just over 330,000 yuan for the bare car; Mercedes-Benz GLB has a discount of about 100,000 yuan, and the C-Class has a discount of 90,000 yuan. One BMW store is clearing the last batch of iX1 inventory vehicles, with the full payment price at just over 180,000 yuan, and the price can be as low as just over 170,000 yuan with the installment plan. (Yicai)

Trump: I take credit for falling inflation and blame high prices on the previous administration

U.S. President Donald Trump said at an event in Georgia on July 22 that the latest data shows the U.S. inflation has posted its biggest drop in more than six years, proving that his administration "has governed the country well". Trump also emphasized that the earlier high inflation had "nothing to do with him", and blamed the previous administration for the situation, claiming that he faced the highest inflation level in many years when he took office in 2025. (Jiemian News)

Amazon Cuts Positions in Its General Artificial Intelligence Division

Amazon has implemented layoffs in its departments related to Artificial General Intelligence (AGI). The company has not disclosed the exact number of layoffs in this round. Amazon stated in a statement that the company will further focus on core directions, which means "it is necessary to make some tough choices and cut some positions in the general artificial intelligence division"; at the same time, the enterprise continues to deploy business areas that are vital to the long-term development of users. (Sina Finance)

Anthropic is working on a special plan, proposing to arrange for employees to sell their held shares after listing

Two people familiar with the matter disclosed that as Anthropic prepares for its listing, the company is considering a very rare move: requiring regular employees to sell shares in accordance with a fixed trading schedule, so as to avoid legal risks related to insider trading. One insider stated that Anthropic considers this plan for the purpose of continuing to maintain the corporate culture of free internal information circulation after the enterprise goes public. There are still variables in the consultations between Anthropic's management and external consultants on the mandatory implementation of this trading plan, and it is not yet possible to confirm whether the company has made a final decision. (Sina Finance)

The three major U.S. stock indexes closed lower collectively, with Tesla plummeting by more than 14%

36Kr learned that at the close of trading on July 23, the three major U.S. stock indexes fell collectively, with the Nasdaq down 2.15%, the S&P 500 index down 1.21%, and the Dow down 0.97%. Large-cap tech stocks fell across the board: Tesla plunged more than 14%, marking its largest single-day drop since March 11, 2025; Google fell more than 7%, Amazon fell more than 4%, Meta fell more than 3%, Intel and Microsoft fell more than 2%, while Apple and NVIDIA fell more than 1%. Popular Chinese concept stocks weakened collectively: Alibaba and iQiyi fell more than 2%, Bilibili fell more than 1%, JD, Pinduoduo, Baidu, NetEase, XPENG Group and NIO posted slight declines, while Li Auto rose more than 2%.

Egg prices continue to rise

On July 22, a reporter from Jiemian News learned that the average egg price at Beijing Xinfadi Wholesale Market has exceeded 5 yuan per jin. On e-commerce platforms, the terminal retail price of premium eggs has reached 6-7 yuan per jin. Average wholesale price of eggs in Beijing exceeded 5 yuan per jin on July 22 / Image source: Beijing Xinfadi Wholesale Market. Not limited to Beijing, egg price hikes have been observed in many regions across the country. Dezhou Evening News reported that eggs priced at 3.6 yuan per jin in local wet markets during the May Day holiday had risen to 4.9 yuan per jin by July 21. Statistics show that the average selling price of eggs in Shandong Province this week is 9.49 yuan per kilogram, up 60.85% year on year. The latest monitoring data from the Ministry of Agriculture and Rural Affairs also indicates a notable increase in egg prices. In the 29th week of 2026 (July 13 to 19), the weekly average wholesale price of eggs stood at 9.93 yuan per kilogram, up 4.1% month on month and 42.3% higher than the same period of previous year. (Jiemian News)

IPO in Progress

Changxin Technology: The company's shares will be listed on the Sci-Tech Innovation Board on July 27, 2026

On July 23, Changxin Technology released a suggestive announcement for the listing of its initial public offering of shares on the Sci-Tech Innovation Board. Approved by the Shanghai Stock Exchange, the RMB ordinary shares issued by Changxin Technology Group Co., Ltd. will be listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange on July 27, 2026, with the stock code 688825.

The Company reminds all investors to pay attention to the investment risks in the initial stage of IPO listing, and participate in new share trading rationally. (CCTV Finance)

Large Corporations' Financial Reports

Alphabet Reports Q2 Revenue of $119.8 Billion, Up 24% Year Over Year

Alphabet recorded Q2 revenue of $119.8 billion, up 24% year on year, versus the estimated $117.02 billion. Its Q2 operating profit reached $40.77 billion, compared with the estimated $40.55 billion; Q2 capital expenditure stood at $44.92 billion, beating the estimate of $44.15 billion; Q2 Google Cloud revenue hit $24.77 billion, outperforming the estimated $22.46 billion; Q2 Google Services revenue amounted to $94.54 billion, in line with the estimated $94.32 billion. (Financial Associated Press)

Nestlé Records 43.1 Billion Swiss Francs in First-half Sales

36Kr learned that Nestlé Group has officially released its 2026 first-half financial results. In the first half of the year, Nestlé Group achieved sales of 43.1 billion Swiss francs, with an actual organic growth rate of 1.5%, net profit of 3.5 billion Swiss francs, basic earnings per share (EPS) of 1.35 Swiss francs, and free cash flow of 3.4 billion Swiss francs.

Nokia Q2 Net Sales Increased by 9%

Nokia released its second-quarter financial report on July 23, showing that it recorded net sales of 4.82 billion euros in the quarter, a 9% year-on-year increase at constant exchange rates (up 8% at reported exchange rates), which is basically in line with the market expectation of 4.83 billion euros. The adjusted operating profit in the second quarter reached 434 million euros, higher than the estimated 372.3 million euros; the adjusted operating margin was 9%. The adjusted gross margin expanded to 46%; the adjusted earnings per share (EPS) was 0.070 euros. The company raised/minorly adjusted its full-year adjusted operating profit guidance from the previous range of 2 billion to 2.5 billion euros to 2.1 billion to 2.6 billion euros. (Jiemian News)

TotalEnergies reports adjusted net profit of USD 6.03 billion in the second quarter

TotalEnergies released its financial results for the second quarter of fiscal 2026 on July 23, showing that the company posted revenue of USD 57.10 billion in the quarter, and its adjusted net profit reached USD 6.03 billion, representing a substantial year-on-year increase of 68%. Fueled by rising oil prices and new projects, the average oil and gas output in the quarter hit 2.4 million barrels of oil equivalent per day; adjusted earnings per share stood at USD 2.68; adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached USD 13.18 billion; operating cash flow amounted to USD 10.86 billion. Looking forward, TotalEnergies expects the average selling price of liquefied natural gas in the third quarter of 2026 to exceed USD 11.5 per million British thermal units, and confirms that the full-year net investment plan for 2026 remains unchanged at USD 15 billion. (Jiemian News)

Investment and Financing

"HiDream.ai" Completes Series C Financing

36Kr learned that recently, "HiDream.ai" announced the completion of its Series C financing of 1.5 billion RMB. This round of financing is jointly led by Social Security Fund Sichuan Revitalization Sci-Tech Innovation Fund, ICBC Capital, Hongyi Asset Management and Dunhong Capital, with follow-on investments from multiple institutions including Xiamen ITG Capital, SFC New Vision Fund, Hubei Yangtze River Industrial Investment Group, Huace Film & TV, Hangyuan Capital, Chuangyunhai Capital, Huafu Investment, Yuhang Financial Holding Co., Ltd., BOCOM Capital, Ruosong Fund and other institutions. Existing shareholders Hefei Industrial Investment, Oriental Fortune Capital, GPC Investment, Jinhua State-owned Capital Investment, Zhongzhe Chuang and Caixin Capital continued to increase their stakes. As of now, HiDream.ai has completed three rounds of financing in nearly three months, with total accumulated financing exceeding 2.1 billion RMB.

Market News: Lingchu Intelligence is raising nearly 100 million US dollars at a valuation of 1.48 billion US dollars

Market News: Lingchu Intelligence is raising nearly 100 million US dollars at a valuation of 1.48 billion US dollars. The company is close to completing a round of financing led by Chery, and other investors include Lens Technology. (Sina Finance)

"Shexu Technology" Officially Completes Series B Financing of Over 100 Million RMB

36Kr learned that Shexu Technology, an industrial AI design R&D solution provider, has recently officially completed its Series B financing of over 100 million RMB, with total accumulated financing exceeding 300 million RMB. The investors include Shenzhen Industrial Investment, Hedinggong and existing shareholder Yonghua Investment, etc. The raised funds will be used for market expansion (including overseas business deployment) and core model technology R&D.

"Deeplore" recently completed tens of millions of yuan in seed round financing

36Kr has learned that "Deeplore", an underwater AI nature exploration technology company, recently closed a seed round financing of tens of millions of yuan, co-invested by 5Y Capital and Shunwei Capital. The raised funds will be mainly used for the expansion of the R&D team and in-depth research of underwater AI technology, to accelerate the launch and iterative upgrade of its first AI diving mask, and build the technical foundation for the intelligent platform for underwater nature exploration.

Compiled | Wang Yixuan