8:00 36Kr Daily丨Surpassing Tencent, Changxin Technology has become the listed company with the highest market capitalization in Chinese mainland; 8734 shares of Unitree Technology were abandoned by retail investors during the IPO subscription process; The country's first marriage registration point "located inside a bank" has been officially put into use.
Today's Headlines Guide
Lu Weibing officially announces Xiaomi HyperOS 4, a foldable smartphone appears unexpectedly
Three food delivery platforms will take the lead in launching the "red light stop timer" mechanism in Beijing
Alo gets off to a flying start on its first day entering the Chinese market, with online sales exceeding 10 million yuan in just 1 minute
Samsung and SK Hynix are actively introducing AI, and employee performance assessment is directly linked to AI deployment
The entire iPhone product line may see a price increase of 100 US dollars
Zhangxue Motorcycle has obtained a new round of exclusive investment from HSG, and its revenue is expected to grow by more than 2 times this year
TOP 3 Major News
CXMT Becomes the Most Valuable Listed Company on China's A+H Share Markets
Chinese memory chip giant CXMT has surpassed Tencent in closing market capitalization for the first time merely over two weeks after its listing on the Sci-Tech Innovation Board, topping the list of most valuable listed companies on China's A+H share markets. On Thursday, August 13, CXMT's share price once surged over 4% during intraday trading before paring gains, closing 1.2% lower with a total market capitalization of around 3.54 trillion yuan. In the same period, Tencent's share price dropped 4.5% after releasing its Q2 financial results, with its market capitalization falling to roughly 3.44 trillion yuan. Since its listing, the cumulative increase of CXMT's share price has exceeded 500%, making it a core target for capital betting on China's AI industrial chain and semiconductor industry. (Yicai)
Unitree Technology, 8,734 shares were abandoned by subscribers
Unitree Technology announced today that the number of shares subscribed by online investors upon payment is 9,698,266, and the number of shares waived by online investors is 8,734; the number of shares subscribed by offline investors upon payment is 22,650,148, and the number of shares waived by offline investors is 0. All the shares waived by online and offline investors will be fully underwritten by the sponsor (lead underwriter). The total number of shares underwritten by the sponsor (lead underwriter) is 8,734, with an underwriting amount of RMB 1,317,087.20. The number of underwritten shares accounts for approximately 0.03% of the total issuance size of this offering after deducting the final strategic placement portion, and accounts for approximately 0.02% of the total issuance size of this offering. (Financial Associated Press)
The country's first marriage registration site "settled in a bank" is now launched
Banks can not only handle financial businesses, but also process marriage registration services. According to the official WeChat account of Tianjin Hexi Civil Affairs Bureau, the Donghai Marriage Registration Office of Hexi District was officially inaugurated and put into operation recently. Located in the love-themed outlet of Postal Savings Bank of China Tianjin Sishuidao Sub-branch, this registration office makes the sub-branch the first bank outlet in China that hosts a marriage registration point. It is introduced that this registration point only handles marriage registration services for mainland residents, and simultaneously provides free certificate-awarding ceremonies, publicity on advocating new social conducts and abandoning outdated bad customs, and other supporting services. Staff of the Postal Savings Bank of China Sishuidao Sub-branch noted in a previous interview with National Business Daily that making an appointment for registration at the bank outlet is slightly more efficient than handling the procedure at the civil affairs bureau, and newlyweds can obtain exclusive customized bank cards with their own photos printed on the card surface. Besides, after the marriage registration procedure is completed, the bank can also directly provide financial services including financial planning for newly married families. (Jiemian News)
AI Frontier
Developer Preview of DeepSeek Harness is Open for Public Testing
On August 13, the developer preview version (v0.1) of DeepSeek Harness was made available for testing to Harness developers across the globe, with its source code open-sourced under the MIT license at the same time. Following the design principle of "everything is a plugin", all Agent capabilities of DeepSeek Harness, including models, tools, skills, conversations, sandboxes, storage, loops, scheduling and UI, are composed of plugins that can be freely replaced and flexibly reorganized. (Jiemian News)
DeepSeek price adjustment plan announced, off-peak prices are half of peak prices, effective on August 17
On August 13, DeepSeek officially announced that it will update and adjust the pricing of the DeepSeek API, adopting a peak-valley pricing mechanism where the price during off-peak hours is half of the price during peak hours. Peak hours are 9:00-12:00 and 14:00-18:00 Beijing Time, and all other hours are defined as off-peak hours. The new pricing will take effect at 00:00 on August 17, 2026 Beijing Time. (China New Finance and Economics)
Investors expect Anthropic to be listed in October, with an estimated valuation of up to 2 trillion US dollars
News has recently emerged that Anthropic will go public at a sky-high valuation in October. Despite multiple pressures including regulatory scrutiny and intensifying competition, its astonishing revenue growth rate is still highly sought after by the investment community. Recent media cited multiple sources from Anthropic's investors stating that Anthropic is expected to launch its IPO in October, with a valuation likely to reach 2 trillion US dollars or above. If this prediction is accurate, this staggering valuation will surpass SpaceX and become the largest initial public offering in history. (CLS)
Google DeepMind Launches Sign Language-to-Text Model, Marking the First Implementation of Sign Language AI in Consumer Electronics
On August 12 local time, Google's DeepMind publicly released a brand-new multilingual Sign Language-to-Text model SL2T. This sign language artificial intelligence technology has been officially integrated into the system of Pixel 11 mobile phones, realizing the first landing of sign language AI on ordinary consumer electronic products, and making up for the intelligent terminal interaction shortcomings of the hearing-impaired group. (Jiemian News)
Apple is reportedly planning to pay publishers up to hundreds of millions of US dollars to access news content to improve the AI-powered Siri
On August 12, according to reports, Apple is negotiating multi-year content licensing agreements with a number of publishers to enable the AI version of Siri to obtain the latest news and information. The licensing fee budget under discussion at Apple may reach hundreds of millions of US dollars, and the company considers paying fees based on the actual usage of content from cooperating publishers. (Jiemian News)
Big Companies / Major News
Three food delivery platforms will take the lead in rolling out the "red light stop timer" mechanism in Beijing
36Kr learned from the Beijing Municipal Administration for Market Regulation that the second consultation dialogue on "ending vicious competition and pursuing sound development" in the platform economy was held on August 13, 2026. Focusing on the algorithm optimization for food delivery riders, the event gathered three platforms including Meituan, Taobao Flash Purchase and JD Delivery to conduct joint consultation and co-governance with riders, while also inviting experts, scholars and deputies to the People's Congress to offer suggestions. Multiple parties negotiated on optimization measures to further protect the legitimate rights and interests of food delivery riders, and safeguard the traffic safety and order of the urban platform economy.
Zhao Zhiqiang, founder of Big Pizza, responds to the "vulgar remark" controversy
On the evening of August 12, Zhao Zhiqiang, founder of Big Pizza, sparked controversy over a comment in the Douyin comment section that read "I broke my precept the second I saw your photo". In response to netizens' doubts about whether his remarks were appropriate and whether he had made vulgar jokes, Zhao Zhiqiang told Jiemian News on August 13 that the relevant reply was a response to a netizen's joke, and confirmed that the comment had been deleted. He explained that the phrase "broke my precept" referred to the appeal of the food photo, and carried no other implication. Regarding the recent online controversy, he stated that only a tiny minority of comments and private messages contained insults, abuse and personal attacks. (Jiemian News)
Innolight: Plans to Acquire 10.47% Stake in Zhongshi Technology for RMB 1.747 Billion
36Kr learned from the announcement of Innolight that the company signed a share transfer agreement on August 13, 2026 with Wu Xiaoning, Ye Lu, the controlling shareholders of Zhongshi Technology, and HAN WU. The company plans to acquire 31,372,504 shares of the target company held by them via cash agreement transfer, accounting for 10.47% of the total share capital of Zhongshi Technology. The share transfer price of this transaction is RMB 55.70 per share, and the total share transfer consideration is RMB 1,747,448,473. Before this transaction, the company did not hold any shares of Zhongshi Technology; after this transaction, the company holds a total of 31,372,504 shares of Zhongshi Technology, accounting for 10.47% of the total number of shares of Zhongshi Technology.
Up to 100%, the United States will impose tariffs on imported drones and their components
On local time August 13, the White House of the United States released a statement noting that U.S. President Trump signed a proclamation on the same day, imposing ad valorem tariffs ranging from 10% to 100% on imported drones and their components under the pretext of addressing national security threats. (CCTV News)
Li Daxiao advises young people not to trade stocks full-time
Recently, Li Daxiao, former chief economist of Yingda Securities, delivered three pieces of advice to young people in a live stream with the theme of "AI asset revaluation, shift of the core technology track, where will the light of the stock market shine?" The first piece of advice is: Be a good person, buy good stocks, and get good returns. The second piece of advice is: Invest with spare funds, invest rationally, pursue value investment, and act within your capacity. The third piece of advice is: Do not use leverage, do not use leverage, do not use leverage, go back to work immediately, do not trade stocks full-time, and do not drop out of school to trade stocks. (Yicai)
Samsung and SK Hynix are actively introducing AI, with employee performance assessment directly tied to AI deployment
According to reports, SK Hynix has started phased deployment of AI systems on its semiconductor back-end production lines located in Cheongju. The specific equipment involved has not been disclosed yet. The company is currently evaluating the production performance of the equipment, as well as the effectiveness and reliability of the AI systems in the production environment. The evaluation is expected to be completed by the end of the year. An industry insider indicated that the Key Performance Indicators (KPIs) of SK Hynix's personnel in charge of equipment verification have been directly linked to the successful verification and deployment of AI software. Samsung Electronics is also actively introducing AI into its semiconductor manufacturing business to improve production efficiency. According to industry insiders, the company requires equipment suppliers to take AI Agent as the standard configuration for newly ordered equipment. A source said that Samsung previously adopted a relatively conservative attitude towards AI out of considerations of security and reliability, but has recently changed its strategy, actively deploying AI for process control and broader manufacturing operations. (Cailian Press)
The entire iPhone product line may see a $100 price increase
According to news on August 13, Apple plans to raise the prices of all existing iPhone models and the new models to be released next month by a unified $100. The same source also hinted that the launch event for Apple iPhone 18 Pro, Apple iPhone 18 Pro Max and Apple iPhone Ultra will be held on September 8. (Yicai)
The strongest El Niño in 150 years hits, driving global food prices to surge to the highest level in nearly 3 years
From June to July this year, the El Niño phenomenon continued to intensify, and industry insiders judge that this may be the strongest one in the past 150 years. Global food prices have risen to the highest point in nearly three years. Data from the Food and Agriculture Organization of the United Nations shows that the cereal price index in July rose by 3.4% month-on-month and 6.9% year-on-year. In the commodity market, investors are generally imposing the "El Niño risk premium" on soft commodities. Over the past month and a half, coffee futures prices have risen by nearly 40%, recording a staggering increase, with sugar and palm oil following closely behind. (21st Century Business Herald)
Wuliangye issues a ban to its distributors: the 8th-generation Wuliangye shall not be dumped at a price lower than 800 yuan, and distributors that deliver goods at low prices will be penalized
On August 13, following the tightening of channel subsidies, Wuliangye further ramped up market control. Exclusive information from multiple sources including distributors shows that Wuliangye recently notified its distributors that they are prohibited from selling the 8th-generation Wuliangye at a price lower than 800 yuan per bottle. Meanwhile, the distillery will also strengthen penalties for distributors who ship goods at low prices and engage in trans-regional goods diversion, so as to further stabilize the regional market order. As of press time, Wuliangye has not made any response. At the end of July, Wuliangye tightened a number of subsidy inputs for channel distributors, and the overall cost of the 8th-generation Wuliangye for distributors increased by about 50 yuan per bottle compared with that before the subsidy tightening. In terms of wholesale prices, at that time, the wholesale price per case of the 8th-generation Wuliangye roughly fluctuated between 4485 yuan and 4500 yuan, and the wholesale price per bottle was about 748 yuan to 750 yuan. Possibly affected by the new policy, up to now, the wholesale price per case of the 8th-generation Wuliangye has risen to about 4600 yuan to 4650 yuan, and the wholesale price per bottle is about 767 yuan to 775 yuan. (Internal Reference of Liquor Industry)
Lu Weibing Officially Unveils Xiaomi HyperOS 4, Foldable Phone Makes an Unexpected Appearance
On August 13, Lu Weibing posted: "The Xiaomi HyperOS 4 Beta version is about to meet everyone. This time we decided not to hold a launch event, but to continuously optimize the experience based on more user feedback." At 11 a.m. on August 13, the recruitment of the first batch of Beta version devices was launched in the Xiaomi Community. The official released a post simultaneously, detailing the upgrades of the new system in aesthetic design, performance, AI and other aspects. Xiaomi's first large foldable phone that has been rumored for a long time made an unexpected appearance. The official display images show a bar phone, a tablet computer, and a new device adopting a large foldable form factor. Xiaomi stated that no matter what proportion of the device it is used on, the application layout is optimized for handheld scenarios. This device will be pre-installed with Xiaomi HyperOS 4 out of the box, with specially adapted desktop and application layouts for the large foldable form factor. (Sina Tech)
The three major U.S. stock indexes closed higher collectively, with Netflix up more than 5%
36Kr learned that at the close of trading on August 13, the three major U.S. stock indexes rose across the board: the Dow Jones Industrial Average rose 0.13%, the Nasdaq Composite rose 0.81%, and the S&P 500 Index rose 0.65%. Most large-cap tech stocks posted gains: Netflix rose more than 5%, Tesla and Intel gained over 3%, Meta climbed over 2%, Apple was up 1%, while Microsoft, Google and Nvidia saw slight increases. SpaceX dropped more than 3%, and Amazon edged lower. Most popular Chinese concept stocks saw more declines than gains: JD fell over 7%, Pinduoduo dropped more than 5%, Alibaba lost over 2%, Weibo and NetEase fell more than 1%; Tencent Music and iQIYI rose over 2%.
The Bank of Korea resumes gold investment after 13 years, purchasing approximately 250 million USD worth of gold ETFs in the second quarter
On local time August 12, the Bank of Korea disclosed that it purchased 679,765 shares of SPDR Gold ETF in the second quarter of this year, with the market value of its position reaching about 250.4 million USD by the end of June. This is the first gold-related investment carried out by the Bank of Korea in 13 years. (Jiemian News)
Trump Media & Technology Group says over a dozen Wall Street clients have subscribed to the "paid early access to posts" service
A growing number of Wall Street clients are signing up for a paid service launched by Trump Media & Technology Group, which allows users to get early access to the latest posts on the Truth Social platform, a feature that some economists consider a form of insider trading. Founded by incumbent U.S. President Donald Trump in 2021, Trump Media & Technology Group revealed that more than a dozen clients have signed up to use the Truth Social Application Programming Interface (Truth API). Officially launched earlier this month, the service enables Wall Street traders to get updates posted by top users on the platform, including Trump himself, several milliseconds before the posts are visible to the general public. The service charges clients a monthly usage fee ranging from $60,000 to $100,000. (Sina Finance)
Renminbi surpasses Hong Kong Dollar for the first time and becomes the most traded currency pair in Hong Kong's foreign exchange market
The latest semi-annual survey result of Hong Kong's foreign exchange market released by the Treasury Markets Association (TMA) shows that in April 2026, the average daily turnover of Hong Kong's foreign exchange market reached 908.2 billion US dollars. The trading volume of USD/CNY surpassed that of USD/HKD for the first time, jumping to the most actively traded currency pair in the Hong Kong market. Specifically, the average daily turnover of USD/CNY in April was 274 billion US dollars, accounting for 30.2% of all foreign exchange transactions in Hong Kong, exceeding the 240.2 billion US dollars of USD/HKD (accounting for 26.4%). Among them, the trading volume of USD/offshore CNY reached 259.2 billion US dollars, becoming the main component. (Cailian Press)
Alo achieved a strong start on its first day entering the Chinese market, with online sales exceeding 10 million yuan in just 1 minute
At zero o'clock on August 12, Alo was officially launched for sale on two major platforms at the same time, kicking off its market development in Chinese mainland. On the opening day, ALO announced Zhao Lusi as its brand spokesperson, leveraging the local celebrity to connect with Chinese consumers and help the brand complete its first round of exposure and conversion. According to media reports, Alo's transaction volume exceeded 10 million yuan only 1 minute after its launch on Tmall; 9 hours after going online, the store gained more than 80,000 new followers; the best-selling SUIT UP wide-leg pants sold over 4,000 pieces, and some sizes of the SUNSET flat German training shoes were out of stock. Before Alo officially announced its entry into the Chinese market, a large number of goods sold under the name of "Alo" already existed on domestic e-commerce platforms. Yoga pants priced at about 1,000 yuan on the overseas official website were sold for less than 500 yuan in some stores. After opening the Tmall flagship store, Alo's prices were pulled back to the official system, and its overseas official website can no longer accept direct orders from Chinese mainland. Alo customer service said that Chinese consumers can purchase through official channels in China in the future. (Times Finance, Yicai)
"Zhang Xue Motorcycle" Obtained EU Certification
Recently, TÜV Rheinland Greater China, an independent international third-party testing, inspection and certification organization, announced that the 500RR motorcycle of "Zhang Xue Motorcycle" has received the EU WVTA certificate issued by the Luxembourg Ministry of Transport. This is the first EU WVTA certificate obtained by Zhang Xue Motorcycle, which marks that this model meets the EU market access requirements and can legally enter EU member states as well as other countries and regions that recognize WVTA certification. (CCTV News)
Bill Gates to meet Chairman of HD Hyundai Group to discuss strengthening cooperation in the small modular reactor sector
According to sources, Chung Ki-sun, Chairman of HD Hyundai Group, plans to meet Bill Gates, founder and chairman of U.S. nuclear energy firm TerraPower, in Seoul on Friday. The two sides will discuss relevant plans to deepen cooperation in the field of small modular reactors (SMR). This is their first meeting in seven months, and the two previously had a meeting during the World Economic Forum in Davos, Switzerland. (Sina Finance)
Ongoing IPO Process
Zelgen Pharmaceutical Submits Listing Application to HKEX
36Kr learned that according to the filings from the Hong Kong Stock Exchange, on August 12, Suzhou Zelgen Biopharmaceuticals Co., Ltd. submitted its listing application to HKEX, with CICC as the exclusive sponsor.
Investment and Financing
Zhang Xue Motorcycle Secures Exclusive New Round of Investment from HSG, Its Revenue Is Expected to Grow by More Than 200% This Year
Zhang Xue Motorcycle recently received exclusive investment from HSG, and specific transaction terms have not been disclosed. It is learned that Zhang Xue Motorcycle recorded a revenue of 670 million yuan last year, and the figure is expected to reach 2 billion to 2.5 billion yuan this year, realizing a growth of more than 200%; in terms of production capacity, its monthly delivery volume has exceeded 10,000 units. After the completion of this round of financing, the two sides will carry out in-depth cooperation in the fields of corporate governance, talent development, industrial resources and globalization development in the future. (Financial Associated Press)
Large Company Earnings Reports
Lenovo Group: Revenue of the first quarter of FY2026/27 hits 26.94 billion USD, up 43% year on year
36Kr has learned that Lenovo Group released its financial results for the first quarter of the 2026/27 fiscal year. The results show that the revenue in the first quarter reached a record high of 26.94 billion USD for a single quarter, rising 43% year on year; the adjusted net profit reached 1.075 billion USD, up 176% year on year. Among them, artificial intelligence-related revenue increased by 60% year on year, accounting for 35% of the Group's total revenue; the revenue of the Intelligent Devices Business Group increased by 27% year on year to 17.1 billion USD; the revenue of the Infrastructure Solutions Business Group hit a new single-quarter high of 8.5 billion USD, with a year-on-year growth of 98%.
JD: Non-GAAP net profit in the second quarter reached 8.9 billion yuan, up 20.3% year on year
36Kr learned that JD Group disclosed its performance for the second quarter and the first half of 2026. In the second quarter, JD Group's revenue reached 346.4 billion yuan; service revenue stood at 79.3 billion yuan, with its proportion in total revenue rising to 22.9%, among which the service revenue from home scenarios increased by 69.6% year on year. In the second quarter of 2026, the Non-GAAP net profit attributable to ordinary shareholders was 8.9 billion yuan, up 20.3% year on year. In the first half of 2026, JD Group's revenue reached 662.1 billion yuan, of which service revenue increased by 12.9% year on year; the R&D investment of JD's whole system increased by 53% year on year.
China Mobile: Profit attributable to shareholders for the first half of the year reaches 78.9 billion yuan, down 6.3% year on year
36Kr learned that China Mobile released an announcement on the Hong Kong Stock Exchange, stating that in the first half of 2026, the company's operating revenue reached 5.38 trillion yuan, down 1.1% year on year and achieved positive growth on a comparable statistical basis. Among the figures, main business revenue reached 4.527 trillion yuan, down 3.1% year on year; other business revenue stood at 85.4 billion yuan, up 11.2% year on year. The revenue from computing power services and intelligent services accounted for 22.6% of the main business revenue, up 2.2 percentage points year on year. Profit attributable to shareholders was 78.9 billion yuan, down 6.3% year on year while realizing positive growth on a comparable statistical basis, with earnings per share at 3.64 yuan. The company has decided to pay an interim dividend of 2.51 yuan per share for 2026.
Hua Hong Grace: Second-quarter sales revenue hits 717.5 million U.S. dollars, up 26.8% year on year
36Kr has learned that Hua Hong Grace released its financial report, with its second-quarter sales revenue hitting a record high of 717.5 million U.S. dollars, representing a 26.8% year-on-year increase and an 8.6% quarter-on-quarter increase. The gross profit margin stands at 16.5%, up 5.6 percentage points year on year and 3.5 percentage points quarter on quarter. The profit attributable to owners of the parent company reaches 38.6 million U.S. dollars, up 385.9% year on year and 84.6% quarter on quarter.
SMIC: The company's sales revenue in the second quarter reached 3.0056 billion US dollars
36Kr learned from the announcement released by SMIC that the company recorded a sales revenue of 3.0056 billion US dollars in the second quarter, versus 2.2091 billion US dollars in the same period of the previous year. Its gross profit margin was 25.3%, rising 5.2 percentage points quarter-on-quarter. In the third quarter, the company expects its revenue to increase by 2% to 4% quarter-on-quarter, with the gross profit margin guidance ranging from 26% to 28%.
Edited | Li Qi