Krypton Evening Post | Xiaomi Group's revenue from innovative businesses including smart electric vehicles and AI in the second quarter reached 24.9 billion yuan; Baidu's total revenue in the second quarter was 31.3 billion yuan, with its AI business revenue accounting for more than half of the total for consecutive quarters; China has made new progress in the field of international standards for quantum technology.

Large Companies:

Xiaomi Group: The global average selling price of smartphones in the second quarter rose 25.9% year-on-year, hitting a record high
Xiaomi Group released its financial report for the second quarter of 2026. During the reporting period, the revenue of Xiaomi's smartphone business reached 42.1 billion yuan. In the second quarter, thanks to the proactive adjustment of product structure across the globe, the global average selling price of Xiaomi smartphones increased by 25.9% year-on-year to 1351 yuan, hitting an all-time high.

Xiaomi Group: Revenue from innovative businesses including smart electric vehicles and AI reached 24.9 billion yuan in the second quarter
36Kr has learned that Xiaomi Group released its financial report for the second quarter of 2026. The financial report shows that the revenue from innovative businesses including smart electric vehicles and AI rose to 24.9 billion yuan, posting double-digit growth both year-on-year and quarter-on-quarter. Xiaomi delivered over 104,000 new vehicles in the quarter, with a year-on-year growth of 28.2%.

Ping An Good Doctor: Net profit for the first half of 2026 is 219 million yuan, up 63.5% year on year

36Kr has learned that Ping An Good Doctor released its 2026 semi-annual performance report. During the reporting period, the net profit attributable to shareholders reached 219 million yuan, a year-on-year increase of 63.5%; the adjusted net profit was 227 million yuan, up 37.7% year on year. The gross profit contributed by the AI business accounted for about 4.6% in the reporting period. The company's "AI + real doctor" service system has been fully connected to all ecological apps of Ping An Group, covering 100% of the group's individual customers.

Baidu: The main board conversion is expected to take effect within the year, and a general meeting of shareholders will be held on August 26 to seek approval

36Kr has learned that Baidu has released its financial report for the second quarter of 2026. The financial report discloses that the main board conversion is expected to take effect within this year. In July, Baidu issued an announcement that it plans to voluntarily convert its listing to the Main Board of the Stock Exchange of Hong Kong, and the Hong Kong Stock Exchange has confirmed the application. Baidu will hold an extraordinary general meeting of shareholders on August 26 to seek shareholders' approval for relevant matters.

iQIYI: Total revenue in Q2 reaches RMB 6.29 billion, up 1% quarter-on-quarter

36Kr learned that on August 18, iQIYI released its unaudited financial results for the second quarter ended June 30, 2026. In the second quarter, iQIYI's total revenue hit RMB 6.29 billion, marking a 1% increase quarter-on-quarter. Of the total, revenue from membership services stood at RMB 4.01 billion, revenue from online advertising services was RMB 1.25 billion, revenue from content distribution amounted to RMB 680 million, and other revenue came in at RMB 340 million.

Baidu: Total revenue in the second quarter reached 31.3 billion yuan, and the proportion of AI business revenue has exceeded 50% for consecutive quarters

36Kr learned that Baidu released its financial report for the second quarter of 2026. The financial report shows that the total revenue in the second quarter was 31.3 billion yuan; the revenue from general businesses was 25.2 billion yuan, of which the AI business revenue accounted for 50%, having exceeded half for two consecutive quarters. In the second quarter, Baidu's AI cloud infrastructure revenue was 7.3 billion yuan, a year-on-year increase of 50%, of which GPU cloud revenue increased by 283% year-on-year, achieving triple-digit growth for four consecutive quarters; AI application revenue was 2.5 billion yuan, a year-on-year increase of 3%; AI-native marketing service revenue reached 2.6 billion yuan.

Apple Makes Rare Concession: Admits Its Hundred-Billion-Dollar Service Business Is Being Eroded Under Heavy Regulatory Pressure

On August 18, Apple Inc. admitted for the first time that regulatory changes have forced it to loosen its control over the App Store, which has consequently dragged down its service business valued at over 100 billion U.S. dollars. This rare statement indicates that antitrust campaigns are starting to erode one of the company's most profitable business segments. Apple warned in its latest regulatory documents that purchase transactions conducted through alternative payment systems "may not generate any commission at all". Moreover, the service revenue and profit margin it reported this month were lower than Wall Street's expectations. (CLS)

Unitree Robotics is highly sought after in the crypto market ahead of its listing, and perpetual contracts imply that its stock price may surge by more than 300%

On August 18, Unitree Robotics was widely popular in the crypto market prior to its listing, and the perpetual contracts indicate that the increase of its stock price may exceed 300%. (CLS)

Vanke has officially abolished the Group Office Division, reducing the total number of divisions from 8 to 7

The "first move" after newly appointed Chairman Xu Enli took office targeted Vanke's organizational structure. Vanke has officially revoked the Group Office Division, cutting the total number of divisions from 8 to 7. Lu Bing, former head of the Office Division, has concurrently taken the post of head of AVIC Vanke. This division was established in October 2024, and had existed for only 22 months before being revoked in this adjustment. However, the official website of Vanke Group has quietly updated its organizational structure information: currently only 7 divisions are retained, namely Property, Commerce & Hotels, Long-term Rental Apartments, Overseas Business, Food, Logistics and Financial Advisory, and the Office Division has been removed from the list. This is another key streamlining following Vanke's large-scale organizational structure adjustment in September 2025, which established the new pattern of "Group Headquarters + Regional Companies + Divisions". This adjustment is also widely regarded by the industry as the first major move after Xu Enli took office. (China Real Estate News)

Ant Health Acquires Medical Service Provider Windstone Health

36Kr has learned that on August 18, Ant Health officially announced its acquisition of Windstone Health, a domestic medical and health service provider, to optimize the one-stop direct payment experience covering "basic medical insurance + commercial health insurance". Apart from providing patients with the simultaneous settlement service of "basic medical insurance + commercial health insurance" for medical treatment in public hospitals, Ant Health can also access the resources of over 1,500 private hospitals and the international departments of public hospitals covered by Windstone Health, and provide "direct commercial insurance payment" services via facial scan and QR code scan for patients holding mid-to-high-end medical insurance policies.

Starting from today, Alibaba's "Qianwen Office" is integrated into WeCom

36Kr learned that on August 18, "Qianwen Office", an Agent product under Alibaba, was officially connected to WeCom. Previously, this product had been connected to DingTalk and Feishu. So far, "Qianwen Office" has achieved full support for the three major mainstream collaborative office platforms in China.

Doubao Work Task has new features, supporting Windows operation in the virtual desktop

36Kr has learned from official Doubao sources that the Doubao Work Task mode has received further updates. The brand new Doubao virtual desktop has been launched for the Windows version, which represents another major upgrade of Doubao's computer manipulation capability. After selecting the work task mode and local device on the Doubao desktop client, choosing "Operate Computer" in the skill bar and completing the authorization, Doubao can perform operations just like a human in the virtual desktop, including viewing the computer screen, moving the mouse, clicking buttons and typing on the keyboard, to assist users in proceeding with complex tasks on the computer end.

Alibaba Cloud Launches Its Third Data Center in South Korea, With Agentic AI Services Simultaneously Rolled Out

36Kr learned from the news on August 18 that Alibaba Cloud's third data center in South Korea has officially been put into operation, and supporting Agentic AI-related services are launched simultaneously, to further satisfy the continuously growing demand for AI and cloud computing in the local market. Recently, Alibaba Cloud has been continuously improving its layout of AI and cloud infrastructure in markets such as France, Japan, Malaysia and Mexico. After the completion of this round of expansion, Alibaba Cloud's global infrastructure will cover 30 regions and 104 availability zones, and it is planned to further expand to countries and regions including Brazil. At present, Alibaba Cloud ranks first in the Asia-Pacific cloud computing market.

Investment and Financing:

"Hengwan Technology" completes hundreds of millions of yuan Series B financing

36Kr learned that ZILLNK recently announced the completion of a Series B financing of several hundred million RMB. This round is led by Shenzhen Venture Capital, with participating investors including China Development Bank Science & Technology Innovation, Wofu Venture Capital, Dongshan Precision and other institutions. The funds will be mainly used for independent R&D of core chips, AI-RAN and 6G technology R&D, as well as the in-depth layout of overseas markets.

"Anlande Dejian" Completes Nearly 100 Million Yuan Series A Financing

36Kr learned from Qiming Venture Partners that "Anlande Dejian" recently announced the completion of a nearly 100 million yuan Series A financing, with exclusive investment from Qiming Venture Partners. The funds raised in this round will be mainly used to accelerate the process of domestic registered clinical trials for the company's core product OpusOne™, and fully support the application and implementation of its overseas early-stage clinical trials.

"Sisheng Technology" Completes Tens of Millions of Yuan in Seed+ Round Financing

36Kr learned that recently, "Sisheng Technology", an AI-driven ultrasound brain-computer interface company, announced that it has completed tens of millions of yuan in Seed+ round financing. This round of financing is led by China Automotive Innovation Investment, followed by Yuanhe Puhua and Global Health Industry Innovation Center (GHIC). Existing shareholders Inno Angel Fund and Shuimu Tsinghua Alumni Seed Fund continue to increase their investment, with Lighthouse Capital acting as the exclusive financial advisor. The funds raised in this round will be mainly used for the R&D of core technologies for ultrasound brain-computer interfaces, the advancement of medical device products, the construction of multi-modal brain data and AI brain science platforms, and the expansion of interdisciplinary talent teams. New products:

Symbiosis Robotics Unveils Humanoid Robot Racing Demo

36Kr learned that on August 17, Symbiosis Robotics, an embodied AI startup, released a demo of a bipedal humanoid robot driving a go-kart, marking the company's first systematic demonstration of its phased progress in "whole-body intelligence" since its establishment. It is understood that Symbiosis Robotics focuses on the whole-body intelligence foundation model for bipedal humanoid robots, and strives to connect the full chain of perception, decision-making, whole-body motion control and data training. The company stated that it will rapidly iterate and release its technical updates, demos, open-source projects and other relevant achievements in the future.

Today's Viewpoint:

CSC Securities: The autonomous driving industry in mining areas is expected to enter an S-shaped acceleration stage

36Kr learned from the research report of CSC Securities that autonomous driving in mining areas is different from Robotaxi. Its closed scenarios, rigid labor demand and clear value of cost reduction and efficiency improvement make its commercialization path clearer. The industry is expected to enter an S-shaped acceleration stage after the penetration rate exceeds 10%. The domestic stock of nearly 100,000 mining trucks provides continuous renovation space. The expansion of large coal mine fleets, the replication of metal mine projects and the penetration into small and medium-sized mines will support the growth of the domestic market. Overseas markets with high labor costs such as Australia have significantly higher per-vehicle service value than the domestic market, which is expected to open up a second growth curve.

Other noteworthy news:

Token Consumption Serves as Credit Granting Basis, Banks Actively Pilot "Token Loan"
As a professional term in the AI (Artificial Intelligence) field, Token is evolving into a "credit term" adopted by financial institutions. Recently, Guangdong Province's first special financial product tailored for the token economy, "Token Loan", was released in Haizhu District, Guangzhou, with three banks including Bank of China, China CITIC Bank and Bank of Guangzhou taking the lead in participating in the related business layout. Bank of China has already issued the approved credit line. Experts interviewed pointed out that the "technical ledger" formed based on token consumption data is becoming a new foundation for banks to build their credit evaluation systems, which is essentially the digital extension of enterprise credit evaluation under the computing power scenario. The financing pain points targeted by "Token Loan" are real, and the data credit logic it establishes also has practical value, but the data infrastructure, risk control methodology and regulatory framework supporting this logic are still under construction. (Securities Daily)

China has made new progress in the field of international standards for quantum technology
The international standard proposal *Overview and Analysis of the Randomness Quality and Test Methodology of Quantum Entropy Sources* led by China was recently officially approved for project initiation. This standard will establish unified rules to verify the authenticity of quantum random numbers and fill the gap in general testing methods, marking a significant step taken by China in the formulation of international standards for core quantum devices. (CCTV News)