8:00 36Kr Exclusive | Li Ka-shing cashed out up to 16.6 billion yuan through another overseas asset divestment; the allotment result of Unitree Robotics has been unveiled; Pangdonglai announced the "Grievance Award", with 3 employees receiving a total of 70,000 yuan in compensation.

Today's Hotspot Guide

• DeepSeek is recruiting civil engineers, and the rivalry among tech giants has extended to the traditional resource sector
• NVIDIA leads a US$500 billion mega financing deal
• Meta is facing a sky-high US$1.4 trillion lawsuit claim, which is almost equivalent to its total market capitalization
• Tencent WorkBuddy has upgraded its multi-terminal synchronization capability
• To ensure no monkeys interfere in the matches during the World Championships, the Badminton Association of India will hire professional monkey tamers to be stationed at the competition venues
• Dong Mingzhu: I became an "internet celebrity" entirely relying on our products

TOP 3 Major News

Maximum cash out of 16.6 billion Hong Kong dollars, Li Ka-shing sells overseas assets again

After divesting core UK power grid assets at a high level in early this year, the CK Group under Li Ka-shing is advancing the monetization of mature overseas infrastructure assets once again. On August 11, according to CLS, the flagship infrastructure platform of the Li Ka-shing family, Cheung Kong Infrastructure Holdings (01038.HK), has entrusted Morgan Stanley and Barclays to officially launch the sales process of the controlling stake in Australian distributed energy enterprise EDL Energy, with the project valuation ranging from 2 billion to 3 billion Australian dollars (approximately 11.08 billion to 16.66 billion Hong Kong dollars). According to the transaction timetable, bidding institutions need to submit non-binding preliminary offers in September, and the company plans to finalize the formal transfer agreement before the end of this year. If EDL Energy is successfully transferred this time, it will be the largest asset disposal transaction of the Li Ka-shing family in the Australian market since the beginning of this year. Cheung Kong Infrastructure has not yet made a response to this potential transaction. (National Business Daily, CLS)

Unitree Technology's IPO Allotment Results Released

On August 11, Unitree Technology announced in a statement that there are a total of 19,414 winning allotment numbers, and each winning number is only eligible to subscribe for 500 A-shares of Unitree Technology. The issue price for Unitree Technology's IPO on the Sci-Tech Innovation Board is RMB 150.80 per share, and investors who win one allotment (500 shares) need to pay RMB 75,400.

On the evening of August 11, the online and offline IPO allotment results of Unitree Technology were officially released. The online winning rate stands at 0.01809759%, which is at a relatively low level among the 93 new shares that have been listed this year. The placement ratio for offline investors is 0.03341824%, ranking 6th among the 46 newly listed stocks that support offline new share subscription this year. So far this year, the new share with the highest online winning rate is Changxin Technology, with a rate of 0.47141739%. The online winning rate of Unitree Technology accounts for 3.8% of that of Changxin Technology, less than 1/26; its offline winning rate accounts for 19% of that of Changxin Technology, less than 1/5. (China News Finance, Yicai)

Pang Donglai announces "Grievance Compensation Award", 3 employees receive a total of 70,000 yuan in compensation

On August 10, the official account of Pang Donglai released two typical cases of violations of employees' personal dignity. Among the 3 violated employees, two received 10,000 yuan each, and one received 50,000 yuan in compensation. At present, one of the cases involving a patient with mental illness has entered the civil litigation procedure. Data shows that in the whole year of 2025, Pang Donglai distributed a total of 392,000 yuan in compensation awards for personal dignity violations, covering 36 cases.

Pang Donglai explicitly stated in the public notice that for any act of violating personal dignity, it will provide compensation and care to the violated personnel in accordance with the compensation standards, and at the same time firmly safeguard rights through legal channels, and will not accept any form of mediation or settlement. (Caiwen)

AI Frontier

Manus to Resume Independent Operation

On August 11, Manus released *A Letter to Manus Users*. Manus stated that it will soon resume operation in the form of an independent company. As part of the resumption of independent operation, and to comply with regulatory requirements in specific jurisdictions, data generated by some users on or after December 29, 2025 will be deleted during the period from 08:00 on August 23, 2026 to August 24 (SGT). Affected users can back up their data from now until 07:59 (SGT) on August 23, 2026, and can restore their data starting from 08:00 (SGT) on August 25, 2026. During this period, unaffected users can use Manus as usual without taking any action. (Jiemian News)

OpenAI's head of ethics announces departure less than a year after joining

As external scrutiny over OpenAI's artificial intelligence model R&D methods intensifies, a number of safety researchers have left the company one after another. Against this backdrop, Chloe Bakalar, head of ethical affairs at OpenAI, chose to leave the startup less than a year after joining. This departure is one of several high-profile executive exits that have occurred at OpenAI in recent weeks, and Johannes Heidecke, head of safety systems, as well as Joshua Akiam, chief futurist and former head of goal alignment, also left the company. (Sina Finance)

Nvidia is reportedly developing the trillion-parameter open-source AI model Nemotron 4, aiming to challenge top open-source models

According to reports, Nvidia is developing a new generation of open-source artificial intelligence model Nemotron 4, which is expected to have a parameter scale of at least 1 trillion, with the goal of competing with the world's leading open-source large models. Nvidia hopes to expand the scope of AI applications by opening up the model ecosystem and further drive market demand for its GPU computing power. Nvidia has previously launched the Nemotron series of open-source models, including the Nemotron-4 340B series with 340 billion parameters, which is mainly used for large language model training data generation, model development and enterprise AI applications. (Jiemian News)

Tencent WorkBuddy Upgrades Multi-Device Synchronization Capabilities

36Kr has learned that Tencent WorkBuddy announced the upgrade of its multi-device synchronization function, which realizes real-time synchronization of tasks, chat records and deliverables across the PC, App and mini-program terminals, and supports remote authorization and termination of PC-side tasks via mobile phones.

Zuckerberg: Meta will promote the popularization of "personal superintelligence" and oppose the concentration of AI capabilities in a small number of institutions

On August 10 local time, Mark Zuckerberg, CEO of Meta, published a long article titled *The Future Belongs to Everyone*, stating that Meta will promote the popularization of "personal superintelligence" and continue to support open-source AI models. He noted that open models help avoid excessive concentration of AI capabilities, enabling more individuals and enterprises to access advanced AI tools. Zuckerberg said that the current open-source ecosystem is "robust", and restricting open-source AI will lead to further centralization of AI, which is detrimental to security and economic development. He revealed that Meta's Superintelligence Lab has been launched, and the company will resume releasing some open-source models in the future. When talking about the distillation technology in AI model training, Zuckerberg stated that it is an important principle for the open-source ecosystem for models to learn from other models, and distillation should not be simply regarded as a harmful behavior. (Jiemian News)

Big Companies / Major News

ByteDance Newly Establishes AI Data and Security Department, Which Operates In Parallel With Departments Including Seed, Flow and Douyin

36 Kr has learned from multiple independent sources that ByteDance has recently set up a new first-level department named AI Data and Security, which is at the same administrative level as departments such as Seed, Flow and Douyin, and is led by Wang Yinglei (Adam Wang). This is another first-level department focused on AI business established by ByteDance after it set up the two AI first-level departments Seed and Flow at the end of 2023. Wang Yinglei will later take up the posts of Head of TikTok Platform Responsibility and Head of TikTok Live.

Only one fuel-powered vehicle ranks in the top 10 sales list in July

Despite the continuous decline of Toyota's sales in China, the Corolla Cross has become the only fuel-powered vehicle among the top 10 best-selling models in the just-ended July. According to data from the China Passenger Car Association (CPCA) cited by DCar, in the top 10 list of passenger vehicle retail sales in July, the Toyota Corolla Cross ranked 8th with a sales volume of 14,510 units, a sharp rise of 28 places compared to its ranking in the previous month. The remaining nine positions are all occupied by new energy vehicle models.

Geely Xingyuan won the championship with 32,306 units, Leapmotor A10 ranked second with 26,424 units, and Tesla Model Y ranked third with 25,158 units. Tesla Model Y is also the model with the highest unit price among the top 10 best-selling models, with an official guide price ranging from 263,500 yuan to 313,500 yuan. (Yicai)

Nvidia leads $500 billion mega financing deal

Latest news shows that a group of the world's largest financial giants are cooperating with Nvidia to raise $500 billion for artificial intelligence infrastructure construction — which will become one of the largest lending operations in Wall Street's history. Multiple sources with knowledge of relevant negotiations disclosed that a consortium including Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs and KKR will establish a partnership with Nvidia to jointly invest in artificial intelligence (AI) infrastructure construction. People familiar with the matter said that the deal may be announced as early as later within the day. This potential cooperation highlights that Nvidia is becoming increasingly active in raising funds for itself and its customers to continuously build the chips, power supply facilities and data centers that support the current AI boom. (CLS)

Yang Qi from Game Science Responds to the Development Progress of Black Myth: Zhong Kui: No AI Adopted for the Time Being, Adhere to "Handcrafting"

On August 10, Yang Qi, Co-founder of Game Science and Art Director of the Black Myth series, shared the R&D ideas of the team's new work on social platforms, clarifying that the currently under-development Black Myth: Zhong Kui will actively avoid AIGC generative tools in the links of design and game asset production. The incident originated from the movie-watching insights shared by Yang Qi. He posted on his Weibo account, stating that Nolan's brand new film The Odyssey is "the standard answer for epic films, which is deeply inspiring". Later, a netizen asked in the comment section "whether AI can accelerate R&D", Yang Qi responded that the team will stay away from AIGC at the design and asset stage, but is not resistant to AI. Taking Nolan's new film still shot with traditional technology as an example, he said that "there is no last train that one has to catch up with", and there is still plenty of time to use AI in the future. (Jiemian News)

Dong Mingzhu: I became an "internet celebrity" relying on products

On August 10, GREE Electric held the onboarding ceremony for its 2026 new graduate cohort. According to disclosures from GREE Electric, in 2026, the company recruited a total of 6514 outstanding graduates from more than 380 universities. Dong Mingzhu attended the ceremony and delivered a speech. Dong Mingzhu stated that GREE has continued to recruit a large number of fresh graduates for many years out of its adherence to the independent talent cultivation path. Against the current market backdrop where some enterprises have resorted to layoffs, GREE has always kept its promise of no layoffs, and will fully support the all-round growth of young people. During the speech, Dong Mingzhu also mentioned that she is regarded as an "internet celebrity". She responded that she is not an "internet celebrity" created by spending money on social media platforms, but earned this title by relying on GREE's high-quality products. She also noted that the mission of an enterprise is never limited to making profits, but should also embrace the dream of creating a better life. (Yicai)

Annual Salary Ranking of Football Stars: Cristiano Ronaldo Takes a Distant Lead with 1.9 Billion Yuan, Karim Benzema and Kylian Mbappé Rank Second and Third Respectively

Recently, the football star annual salary ranking released by Capology shows that Cristiano Ronaldo takes a distant lead with an annual salary of 211.9 million pounds (equivalent to 1.9 billion RMB). The second place Karim Benzema earns 129.2 million pounds, and the third place Kylian Mbappé earns 60.5 million pounds. Ronaldo's 211.9 million pound annual salary consists of fixed salary, goal bonus (about 80,000 pounds per goal), assist bonus (about 40,000 pounds per assist), and floating clauses such as league/AFC Champions League championship bonus (about 11 million US dollars and 9 million US dollars respectively). (Hubei Daily)

To ensure the competition is not disrupted by monkeys during the World Championships, the Badminton Association of India will hire monkey tamers to be stationed at the event venue

The 2026 BWF World Badminton Championships will be held from August 17 to 23 at the Indira Gandhi Stadium in New Delhi, India. To ensure there are no monkey-related disruptions throughout this World Championships, the event organizing committee has specially arranged a number of monkey tamers who can imitate the calls of langurs to work as on-site staff. Earlier this year, during the India Open badminton tournament hosted at the Indira Gandhi Stadium, a rhesus macaque once appeared in the spectator stands, which made the public question India's event-hosting capacity. In India, rhesus macaques are overabundant and have caused widespread trouble, as they often break into buildings and attack unsuspecting pedestrians or residents. To avoid being harassed by rhesus macaques, local people in India choose to place larger langurs inside buildings to drive off the rhesus macaques. (Titan Sports Weekly)

Juli Sling Needs to Pay Supplementary Taxes and Late Penalties of 7.02 Million Yuan

On August 10, Juli Sling, a listed company under the family of actor Yang Zi, released an announcement that the company recently conducted self-inspection on tax-related matters as required by the tax authority. Through self-inspection, the company is required to pay supplementary taxes and fees of 6.7785 million yuan and late fees of 244,700 yuan, with the total amount of taxes and late fees reaching 7.0232 million yuan. Juli Sling noted that this supplementary tax payment issue does not involve administrative penalties, and the company will pay the supplementary taxes and late fees in a timely manner in accordance with the requirements of the tax authority. On August 11, the share price of Juli Sling once dropped by more than 4% after the market opened. By the close of trading, the decline narrowed to 2.97%, at 8.16 yuan per share, with the latest market capitalization of about 7.8 billion yuan. (Yicai)

Meta is facing an unprecedented $1.4 trillion lawsuit, a sum nearly equivalent to its entire market capitalization

On August 10, according to CCTV.com, Meta, the parent company of Facebook, will appear in the federal court as the defendant again this week. On August 12, the lawsuit jointly filed by California, Colorado, Kentucky and New Jersey will launch the jury selection process at the federal court in Oakland, California. The prosecution accuses Meta of applying addictive design on its social media platforms that causes harm to minors, and is seeking a compensation as high as 1.4 trillion US dollars. This figure is almost equal to Meta's current total market value, setting the highest compensation claim record in the field of global consumer protection. (CCTV.com)

CME Group to expand 24-hour trading for silver futures, further advancing precious metals trading following the focus on gold futures

On August 11, CME Group announced that it plans to extend its 24-hour trading service to 100-ounce silver futures contracts starting from September 11 after obtaining regulatory approval. Earlier, CME launched 24-hour trading for 1-ounce gold futures on July 24, and the cumulative trading volume on weekends exceeded 200 million US dollars. According to CME, silver features properties of both precious metal and industrial metal, which can help investors cope with macroeconomic changes and capture emerging demand. (Jiemian News)

Apple Still Plans to Launch the 20th Anniversary Full-Glass iPhone Model Next Year

Well-known tech journalist Mark Gurman stated in an article published on August 10 that people with insider knowledge revealed Apple has not adjusted its product roadmap, and it still plans to roll out a full-glass flagship model next year to commemorate the 20th anniversary of the iPhone's debut. Earlier on August 10, analysts at Jefferies downgraded Apple's stock rating from "Hold" to "Underperform", with the downgrade based on supply chain investigation results indicating that the full-glass iPhone that Apple originally scheduled to release in September 2027 has been suspended due to "extremely low production yield". (Jiemian News)

The three major U.S. stock indexes closed lower collectively, with most large-cap tech stocks falling

36Kr learned that as of the close on August 11, the three major U.S. stock indexes declined collectively, the Dow Jones Industrial Average fell 0.34%, the Nasdaq fell 0.6%, and the S&P 500 Index fell 0.32%. Most large-cap tech stocks dropped: SpaceX and Google fell by more than 3%, Amazon fell by more than 2%, Netflix and Apple fell by more than 1%, Microsoft and Nvidia saw a slight drop; Tesla and Meta edged up slightly. Popular Chinese concept stocks generally declined, Tencent Music fell by more than 11%, Bilibili fell by more than 5%, JD and NetEase fell by more than 4%, Alibaba, Futu Holdings and Baidu fell by more than 3%, and Pinduoduo fell by more than 2%.

China's humanoid robot shipments accounted for 97% of the global total in the first half of the year

A latest industry research report released recently shows that in the first half of 2026, shipments from Chinese humanoid robot manufacturers have occupied more than 97% of the global market share. According to data from Smart Analytics Global (SAG), a research firm based in California, the United States, the total global shipment of humanoid robots in the first half of this year reached about 19,100 units, more than three times the 5,100 units in the same period last year. In terms of market share, Shanghai-based Agibot outperformed Hangzhou-headquartered Unitree Robotics and ranked first. In the first half of this year, Agibot's shipments reached 8,400 units, accounting for 44% of the global total, while Unitree Robotics' shipments stood at 5,900 units, taking up 31% of the global market share. The shipment volumes of the two companies are far higher than those of leading U.S. humanoid robot enterprises such as Tesla, Figure AI and Agility Robotics. (CCTV Finance)

Vietnam's VinSpace signs agreement with SpaceX, plans to launch its satellite into orbit in the second quarter of next year

Vietnamese conglomerate Vingroup announced on August 11 local time that its affiliate VinSpace has signed a satellite launch contract with SpaceX. Pursuant to the agreement, VinSpace's satellite will be launched into orbit via SpaceX's Transporter Rideshare program in the second quarter of next year. The statement pointed out that through this cooperation, VinSpace will test its independently developed satellite modules, and gradually improve its capabilities in satellite system management and future commercial applications. (Jiemian News)

Fed hawks send a tough signal: One rate hike is not enough

Beth Hammack, President of the Federal Reserve Bank of Cleveland, said that the Federal Reserve may need multiple interest rate hikes to push the inflation rate down to the 2% target level set by the central bank. In an interview on local time Monday (August 10), Hammack said: "Overall, I think a single 25-basis-point rate hike may not have much impact on the economy. Therefore, several rate hikes may be required." But she added, "I do not want to prejudge what the exact number is." Two weeks ago, the Federal Reserve announced that it would keep the target range of the federal funds rate unchanged at 3.5% to 3.75%. At that time, three committee members including Hammack voted against the decision, and the three of them favored a 25-basis-point rate hike at the meeting. (CLS)

Report says SK Hynix has restarted construction of Plant 2 at its NAND flash memory production base in China, expanding production capacity by roughly 50%

According to reports, SK Hynix has restarted the construction of Plant 2 at its NAND flash memory production base in Dalian, China, expanding its production capacity by approximately 50%. The Dalian Plant 2 broke ground four years ago, but the project had been stagnant for a long time due to the downturn in the memory industry. SK Hynix plans to introduce semiconductor production equipment before the end of this year and officially put the plant into operation in the first half of next year. (China News Finance)

DeepSeek Recruits Civil Engineers, Competition Among Tech Giants Extends to Traditional Resource Sector

From recruiting civil engineering talents to making large-scale investments in intelligent computing centers, AI is pushing tech companies to expand their asset boundaries to land, power and data centers. Recently, a recruitment notice was released on DeepSeek's official website, stating that "Every generation will encounter its own infrastructure revolution". In the job requirements, majors including electrical engineering, HVAC, environmental engineering and civil engineering are all listed as in-demand. This move from DeepSeek sends a subtle signal: model companies that used to mainly rely on external computing power resources have begun to extend deeper into the computing power infrastructure sector. (Yicai Global)

IPO in the Pipeline

Kunlun Wanwei: Planning to issue H shares and list on the Main Board of the Hong Kong Stock Exchange

36Kr learned from the announcement of Kunlun Wanwei that the company plans to issue overseas-listed foreign shares (H shares) and apply for listing on the Main Board of the Hong Kong Stock Exchange. Up to now, the company is actively discussing relevant work related to this issuance and listing with relevant intermediary institutions. Except for the relevant resolutions approved by the current board of directors, other specific details regarding this issuance and listing have not yet been determined.

Investment and Financing

Xunming Biotech Secures Another Series B Financing with a Total Value of 100 Million US Dollars

36Kr has learned that Xunming Biotech recently completed a new Series B financing totaling 100 million USD. The first tranche was exclusively invested by Granite Asia (formerly the Asian business of GGV Capital); the subsequent tranches were led by industrial investors, with Honghui Fund participating in the investment, and existing shareholders including Qiming Venture Partners, Matrix Partners China and New Alliance Capital making additional investments. Only more than 3 months have passed since the company announced its $35 million Series A+ financing.

"Modulus Technology" Completes Tens of Millions of Yuan Pre-Series A Financing

36Kr has learned that "Modulus Technology" recently closed a Pre-Series A financing of tens of millions of yuan invested by Falcon Investment and Yihua Capital, with Pointstone Capital acting as the financial advisor. The funds raised in this round will be used for the expansion of the R&D team and production lines, as well as global business expansion.

CoreWeave Completes $2.6 Billion AI Infrastructure Loan Financing

On August 10, CoreWeave announced that it has closed a $2.6 billion delayed draw term loan facility to support the continuous expansion of its AI cloud platform and committed customer deployment projects, with a financing term of approximately five years. The proceeds of this financing will be used to procure and deploy high-performance computing (HPC) infrastructure dedicated to customer contracts. (Jiemian News)

Large Corporate Earnings Reports

Tencent Music: Its Q2 revenue reached 8.93 billion yuan, a 5.8% year-on-year increase

36Kr learned from the announcement of Tencent Music that its revenue in the second quarter was 8.93 billion yuan, up 5.8% year on year; its NON-IFRS net profit in the second quarter was 2.69 billion yuan, representing a 4.4% year-on-year growth.

China Literature: Revenue from short drama and AI animated manhua businesses in the first half of the year reached 430 million yuan, more than 3 times the figure of the same period last year

On August 11, China Literature released its 2026 interim performance report. The report shows that China Literature's revenue in the first half of the year reached 3.53 billion yuan, representing a year-on-year increase of 10.7%. China Literature's GMV in the first half of the year reached 780 million yuan, up 60% year on year; the revenue of short drama and AI animated manhua businesses reached 430 million yuan, more than 3 times that of the same period last year; IP copyright revenue reached 1.61 billion yuan, with a year-on-year growth of 41.9%.

Master Kong Holdings: Revenue of RMB 40.54 billion in H1 2026, up 1.1% year on year

36Kr has learned that Master Kong Holdings issued an announcement on the Hong Kong Stock Exchange, stating that its revenue in the first half of the year reached RMB 40.54 billion, representing a year-on-year increase of 1.1%; the adjusted profit attributable to the company's shareholders was RMB 2.43 billion, up 15.2% year on year.

Foxconn Industrial Internet: Net Profit of 23.74 Billion Yuan in H1 2026, Up 95.99% Year on Year

36Kr learned from the announcement of Foxconn Industrial Internet that its operating revenue in the first half of 2026 reached 5578.61 billion yuan, representing a year-on-year increase of 54.63%. The net profit attributable to shareholders of the listed company was 237.4 billion yuan, up 95.99% year on year. The non-recurring profit and loss excluded net profit attributable to shareholders of the listed company reached 229.84 billion yuan, growing by 96.99% year on year. The basic earnings per share is 1.2 yuan. The company plans to distribute no cash dividends, no bonus shares, and no share capital converted from public reserve fund.

Edited｜Li Qi