8:00 36Kr Briefing | Apple announces it will release its first foldable phone on September 9; NVIDIA expects its sales in the next fiscal year to grow by about 70%; The debris flow in Xizang has left 265 people missing and 3 dead.
Today's Hotspot Guide
Another senior sales executive of OpenAI will return to Salesforce
Apple holds a farewell party for Tim Cook
Railway adds new point discount for teachers: twice the points for ordinary frequent traveler members
Norway plans to regulate smart glasses and considers banning the facial recognition function in public places
Niels B. Christiansen of the LEGO Group: The Chinese market is still huge, and the group will continue to invest in the future
TOP 3 Major News
Apple to Release Its First Foldable Smartphone on September 9
Apple Inc. is set to hold its most significant product launch event of the year on September 9, which will mark the kickoff of the first major new product debut during the tenure of new CEO John Ternus. Ternus has always been the core figure promoting the foldable-screen iPhone project, and the arrangement of his succession to the CEO position is also coordinated with the launch of this product.
Apple stated on Wednesday that the launch event will be held at its California headquarters on Wednesday, September 9, and streamed live through the company's official website. According to the invitation sent to the media, the theme of the event is "Surprise and shine". (Sina Finance)
Apple Launch Event
NVIDIA's latest earnings report beats expectations, revenue is expected to grow by another 70% next year
NVIDIA (NVDA.O) released its financial results for the second quarter of fiscal 2027. The earnings report shows that the company posted revenue of 96.221 billion USD in this quarter, representing a year-on-year increase of 106%; net profit hit 59.688 billion USD, up 126% year on year. NVIDIA's performance in the new quarter continues to outperform market expectations, and it projects that sales in the next fiscal year will rise by around 70%. Colette Kress, its Chief Financial Officer, stated that NVIDIA is still operating under supply constraints, and revenue next year could even double if there were no supply restrictions.
After the earnings report was announced, NVIDIA's share price initially moved lower in after-hours trading, reflecting that investors still maintain extremely high expectations for this leading AI chip player. However, after Kress later put forward the forecast of roughly 70% sales growth for the next fiscal year, the share price reversed course rapidly, and once climbed 4.4% in after-hours trading. Prior to that, as of Monday, NVIDIA's share price had declined for seven consecutive trading days. (Jin10 Data APP)
265 people missing and 3 killed in Tibet mudslide, access road to Gyirong Port closed for 7 days
On August 26, 2026, a mudslide disaster struck Gyirong County, Xigaze City, Tibet. Reporters learned from the frontline command headquarters that as of 20:00 on August 26, according to preliminary verification and statistics, the mudslide disaster has left 3 people dead and 265 people unaccounted for. The exact casualty figure is still under further verification, and all rescue operations are being carried out in an orderly manner.
Affected by the sudden mudslide, roads in the national gate area under the jurisdiction of Gyirong Port have been hit by mudslide hazards and no longer meet safe passage conditions. Two-way temporary traffic control has been implemented on the road heading for the national gate of Gyirong Port starting from August 26, with a control period of 7 days. It is noted that the controlled road section covers the route from Gyirong Town to the national gate. The control is implemented as two-way closure: all social vehicles and personnel are prohibited from passing except for emergency rescue and support vehicles. A separate notice will be issued if the control measures are lifted in advance or the control period needs to be extended. (Xinhua News Agency)
AI Frontiers
Anthropic plans to pursue the world's largest IPO with a target valuation of 2 trillion US dollars
The Wall Street Journal released an article on August 25, reporting that in its IPO prospectus, to support the grand narrative of its 2 trillion US dollars (equivalent to about 13.47 trillion yuan at the current exchange rate) valuation, Anthropic presented investors with a total addressable market (TAM) forecast of over 30 trillion US dollars (equivalent to about 202.11 trillion yuan at the current exchange rate), which exceeds SpaceX's estimated 28.5 trillion US dollars (equivalent to about 192 trillion yuan at the current exchange rate) forecast. The total addressable market refers to the theoretical maximum annual total revenue opportunity that a product or service can obtain if it achieves 100% market share, which is mainly used to demonstrate its broad growth space to investors. (IT Home)
Alibaba's international version of "Qwen Work" has launched public beta, accelerating its global layout
36Kr learned that on August 26, the international version of Alibaba's Agent product "Qwen Work" (QwenWork) officially opened public beta. From now on, overseas individual and enterprise users can experience the service through its official international website (qwenwork.ai), and the web version and PC client are currently available for access.
Samsung Electronics and SK Hynix Plan to Increase the Supply of 8-Layer HBM4 Memory to NVIDIA in the Second Half of the Year
According to ZDNET Korea, Samsung Electronics and SK Hynix plan to increase their supply of 8-layer HBM4 memory to NVIDIA in the second half of this year. This arrangement is mainly driven by NVIDIA's supply strategy, aiming to ensure the stable supply of various types of HBM memory while taking product heat generation into account. It is understood that 8-layer memory is highly likely to become the flagship product of the next-generation HBM4E. (The Associated Press of Finance)
Another OpenAI Sales Executive Is Returning to Salesforce
It is reported that OpenAI previously poached a large number of employees from Salesforce to promote its AI products to large enterprises. Now some sales personnel have chosen to return to Salesforce, further intensifying the personnel turmoil in OpenAI's enterprise sales team. People familiar with the matter revealed that Peter Doolan, former Chief Customer Officer of Slack, the communication app under Salesforce who joined OpenAI in April this year, will return to Salesforce. Last week, Kaylin Voss, who was responsible for OpenAI's sales business in the Americas, agreed to leave OpenAI and rejoin Salesforce. (Jiemian News)
Big Companies / Major Events
Apple Maps has launched ads, and users cannot completely block this type of promotional content
According to MacRumors, the advertising function of Apple Maps has been officially launched in the United States and Canada. iPhone and iPad users will see paid ad content when searching for locations and viewing recommended places.
Apple announced its Maps ad plan as early as March this year, confirming the launch in late summer. Recently, the ads have begun to be pushed to users, and the scale of ad delivery will continue to expand in the coming weeks. Ads will appear in the recommended locations section of the search page. After merchants purchase ads for corresponding keywords, a promotional entry will be displayed at the top of the search results. Only one ad is displayed for each search, and the ad is marked with a blue "Ad" logo to distinguish it from ordinary results.
It is worth noting that the system does not provide a setting option to turn off Maps ads, and users cannot completely block this type of promotional content. (Kuai Technology)
A 6,000-yuan mistakenly booked flight ticket only gets 600 yuan refund, China Air Transport Association leads the formulation of new standards for flight ticket refund and modification
Recently, passenger Ms. Feng booked a flight ticket for more than 6,000 yuan on an online platform and mistakenly selected the wrong departure date. About one hour after booking, she applied for a refund, but the merchant deducted almost all the ticket fare and only refunded 600 yuan of insurance premium. Her experience has aroused widespread public attention. Targeting the pain points of flight ticket refund and modification services that passengers are concerned about, the China Air Transport Association has taken the lead in coordinating and promoting the upgrading and optimization of flight ticket refund and modification services, and rolled out a number of measures. It will research and introduce refund and modification standards to comprehensively improve the transparency of relevant rules. The China Air Transport Association is leading the formulation of a special group standard for flight ticket refund and modification, which is scheduled to be officially released and implemented within this year.
The standard will clarify the requirements for refund and modification. All ticket sales platforms and official channels of airlines must proactively publicize the refund and modification rates, restrictive conditions and free refund and modification scenarios before passengers pay for their orders through methods including eye-catching fonts, mandatory pop-up prompts, exclusive identifiers and pre-notification, to solve the problems of hidden, incomprehensible and unnoticeable rules, and fully protect passengers' right to know and right to choose. (People's Daily)
MiniMax's Annual Recurring Revenue (ARR) in August exceeded 800 million US dollars, and its revenue in the first half of the year increased by 283.1% year-on-year
MiniMax disclosed at its 2026 mid-term performance meeting that the company's Annual Recurring Revenue (ARR) in August has exceeded 800 million US dollars. According to the announcement released by MiniMax, its revenue in the first half of the year reached 117 million US dollars, up 283.1% year on year; the loss during the same period was 358 million US dollars, down 11% year on year; the gross profit was 20.813 million US dollars, representing a 464.8% year-on-year increase. (CLS)
Apple Holds Farewell Party for Tim Cook
According to The Information, Tim Cook, who has been at the helm of Apple for 15 years, will officially step down as CEO on September 1 and take the position of Executive Chairman. Apple has held a farewell party for Cook for his departure. The event was held on August 23, just one day before the 15th anniversary of Cook's tenure as Apple CEO. At this farewell party, the public saw a rare side of Cook, as he publicly mentioned his partner Mike in his speech. According to people familiar with the matter, this is extremely rare for Cook, who almost never talks about his private life in public or semi-public scenarios. (JRJ)
The three major U.S. stock indexes closed lower collectively, and most of the popular Chinese concept stocks declined
According to 36Kr, at the close of trading on August 26, the three major U.S. stock indexes closed down across the board: the Dow Jones Index fell 0.21%, the Nasdaq fell 0.08%, and the S&P 500 Index fell 0.02%. Large-cap tech stocks were mixed: Western Digital, Apple and Meta rose by more than 1%, Microsoft and Intel posted slight gains; NVIDIA, Google and Tesla fell by more than 1%, and Amazon saw a slight drop. Most popular Chinese concept stocks declined: NetEase fell by more than 4%, Bilibili and JD.com fell by more than 2%, NIO, Pinduoduo and Li Auto fell by more than 1%; XPeng Inc. rose 0.95%, and Alibaba rose 0.33%.
Alibaba: Completes the placement of 710 million new shares
36Kr learns from Alibaba's announcement that all conditions specified in the placement agreement for the proposed new share placement under the general mandate previously disclosed by the company have been satisfied, and the placement was completed on August 26, 2026. The company has placed 710 million placement shares at HK$112.7 per share to no less than six placees, accounting for approximately 3.57% of the total issued shares after completion; the total gross proceeds are about HK$80 billion, and the net proceeds are around HK$79.7 billion.
China Media Group exposes the chaos of borderline figurines: explicit figurines have infiltrated the minor consumer circle
Xiao Le, a junior high school student in Jiangsu, has long been interested in anime figurines. During the vacation, she secretly placed an order for 6 figurines using her family's mobile phone. When her parents found that the figurines had explicit shapes, they chose to call the police. After appraisal by the procuratorial organ, 5 of the products were identified as obscene items, which have large-area exposed private parts, carry sexual hints through their postures and movements, and show no relevant cultural or scientific value. Among the buyers of these porn-related figurines sold covertly through the internet, a large number are minors.
The court found through trial that the defendant Wan and other suspects produced more than 60,000 obscene and infringing figurines, sold over 10,000 pieces, with the total involved amount approaching 1 million yuan. The court sentenced Wan and two other people to fixed-term imprisonment ranging from 2 to 4 years for the crime of producing and selling obscene articles for profit and other charges. (CCTV News)
Railway launches new points preference for teachers: twice the points of ordinary frequent traveler members
According to the information from China State Railway Group Co., Ltd., starting from September 10, the railway department will implement a points preference for teachers among frequent traveler members on the basis of the existing "Railway Enjoy Travel" frequent traveler membership service. A special section of "Teacher Qualification Information Verification" is newly added to the Railway 12306 mobile client at the same time. Teachers who are frequent traveler members can log in at the special section on the Railway 12306 mobile client, verify their teacher identity after cross-checking their information with the National Teacher Management Information System of the Ministry of Education. After arriving at the station by train from September 10 to December 30, 2026, they can get points equal to 10 times the face value of the ticket, which is twice that of ordinary frequent traveler members. The membership points can be used to redeem train tickets or apply for seat upgrades. Relevant tickets will be put on sale successively from August 27. (Red Star Capital Bureau)
SpaceX Stops Using Falcon Rockets to Conduct Starlink Launch Missions in Florida, Awaiting Starship
SpaceX, the space exploration firm under Elon Musk, is gradually winding down its Starlink launch missions using the Falcon 9 rocket on the U.S. East Coast, to prepare for shifting to the Starship rocket for launches. On local Tuesday, Kiko Dontchev, Vice President of Launch at SpaceX, confirmed the news in a post on X, stating: "This launch from Launch Pad 40 is the last planned Falcon 9 Starlink mission in Florida." Dontchev also added that this marks "the end of an era", and confirmed that "all future Starlink missions in Florida will be performed by Starship." (Sina Finance)
MIIT: Promote the maturity of the 6G industry and ecosystem construction to get fully prepared for 6G commercial application
On August 26, the State Council Information Office held the themed press conference series "Kick off the 15th Five-Year Plan". Relevant officials from the Ministry of Industry and Information Technology introduced the progress of making full efforts to implement the 15th Five-Year Plan and accelerate the advancement of new-type industrialization. It was introduced at the press conference that 6G development will be the top priority during the 15th Five-Year Plan period. We will accelerate the tackling of core 6G technologies, continuously carry out 6G technical tests and standard formulation, promote the maturity of the 6G industry and ecosystem construction, and make full preparations for 6G commercial use. (CCTV News)
Meta reaches a settlement with multiple U.S. states over the social media harm case, and will pay up to approximately 18 billion U.S. dollars
According to people with knowledge of the matter, a U.S. lawsuit alleges that Meta intentionally designed Facebook and Instagram to be easily addictive for teen users. Meta Platforms Inc. said it has agreed to pay up to roughly 18 billion U.S. dollars to reach a settlement with multiple U.S. states in this landmark case, to resolve the accusations that the company intentionally designed Facebook and Instagram to induce young users to develop compulsive usage habits. Per a court document disclosed on Wednesday, the key terms of the settlement agreement include requiring Meta to add new protection measures on its platforms, for example, limiting the continuous browsing time of teenagers, and prohibiting them from turning off certain security settings without parental consent. (CLS)
iPhone 17 becomes the best-selling phone in Q2, accounting for 6% of the total global smartphone shipments
The latest data from Counterpoint Research shows that Apple's iPhone 17 was the world's best-selling smartphone in the second quarter of 2026, taking up 6% of the total global smartphone shipment share. Meanwhile, iPhone 17 Pro Max and iPhone 17 Pro also ranked second and third on the list. Apple and Samsung each took 5 spots in the global top 10 best-selling smartphone ranking. The top 10 models in total accounted for 26% of the global total smartphone sales, up 2% year on year.
For Samsung Electronics, two models of the Galaxy S series entered the top 10 list. Galaxy S26 Ultra became Samsung's best-selling model this quarter, with its ranking 5 places higher than the previous generation. It is also the best-selling Android model this quarter, which marks the first time that an ultra-premium Android device has led Android sales in the second quarter. (Sina Finance)
Norway Plans to Regulate Smart Glasses, Considering Banning Facial Recognition Function in Public Places
The Norwegian government stated on the 25th local time that it plans to impose regulation on the use of smart glasses and similar devices, and is considering banning these devices from enabling the facial recognition function in public areas. Kari-Anne Tømmervik, Norway's Minister of Digitalisation and Public Governance, said in a statement: "We have noticed that people's private lives and privacy are being impacted by new technologies, so I hope to implement stricter regulation on smart glasses and similar devices than the current rules." She noted that this may mean banning smart glasses from activating certain functions in public places, such as facial recognition. She also called on the public sector and private industries to draw up relevant usage norms on their own. (CLS)
ECB Executive Board Member Says Further Interest Rate Hikes Are Required, Inflation Is Likely to Remain Above 2% for a Long Time
Isabel Schnabel, Member of the Executive Board of the European Central Bank, said that with the prolonged conflict in the Middle East and the unexpectedly strong economic performance of the euro area, inflation faces upward risks and interest rates have to rise further. The German official pointed out that due to high energy costs, the growth rate of consumer prices may exceed 2% for "a relatively long period of time". She warned that if policymakers wait until these effects are transmitted to wages before taking action, they will "fall behind the situation". (Sina Finance)
Amazon, Apple, Microsoft and Dell have collectively raised prices. Institutional forecast: The global memory shortage may last until 2027
The explosive growth in demand for AI computing power has driven a sharp rise in memory chip prices, and the upward price pressure from the upstream has been transmitted to downstream end products. Recently, Amazon raised the selling prices of a number of its hardware products. Before Amazon's price adjustment, technology enterprises including Apple, Microsoft and Dell had already responded to cost pressure by raising product prices and cutting the standard built-in memory of hardware products. Market research institution IDC previously warned that the global memory shortage may last until 2027. Industry forecasts show that memory chip prices are likely to peak in 2028 before gradually falling back and stabilizing. (CCTV Finance)
Niels B. Christiansen of the LEGO Group: The Chinese market still boasts enormous potential, and the group will continue its investment in the future
At the earnings call of the LEGO Group held recently, Niels B. Christiansen, CEO of the LEGO Group, stated that the LEGO Group pays close attention to the long-term growth of the Chinese market. The Chinese market still has extremely huge growth potential, with a large base of children and very strong enthusiasm from consumers for the LEGO brand. Therefore, the LEGO Group remains fully confident in the Chinese market. Going forward, the LEGO Group will continue to make investments in brand building, store network development and market expansion in the Chinese market. (Securities Times)
Beijing-Tianjin-Hebei Region will improve the basic technologies and application standard system of the brain-computer interface industry
36Kr learned that the *Work Plan for Cross-regional Quality Chain Strengthening of Brain-computer Interface in Beijing-Tianjin-Hebei Region* has been officially issued. It is mentioned in the document that the region will improve the basic technologies and application standard system of the brain-computer interface industry, participate in the preparation for the establishment of the Brain-computer Interface Standardization Technical Committee, and promote the development of standards covering technology, data, application, ethics and security. It will push forward the formulation of standards related to quality requirements including data quality, device quality, equipment performance and safety specifications. It will formulate management standards for EEG data labeling to guide the standardized management of EEG data, and set standards for the signal acquisition accuracy of monitoring equipment as well as the long-term application safety evaluation of brain-computer interface products. It will actively participate in promoting the formulation of international standards in the brain-computer interface field, and drive the mutual recognition of international evaluation standards for related products.
U.S. new home sales in July fell to the lowest level since January, while consumer confidence dropped to a new seven-month low
Data released by the U.S. Census Bureau of the Department of Commerce on August 25 shows that new home sales in July fell 10.5% from the upwardly revised figure in June, posting a seasonally adjusted annual rate of 607,000 units, the lowest level recorded since January, dragged down by high mortgage rates. At the same time, preliminary survey results released by the U.S. research organization The Conference Board on August 25 show that the U.S. Consumer Confidence Index came in at 89.4 in August, lower than the revised 90.2 in July, hitting a seven-month low, which reflects that U.S. consumers have become more pessimistic about their expectations for the future. (Jiemian News)
The State of Victoria in Australia launches the country's first offshore wind power auction
The State of Victoria in Australia has launched the country's first offshore wind power auction, but doubts still remain over whether the state can achieve its ambitious renewable energy targets. The state government stated in a release that the call for proposals for the 2GW offshore wind power project was launched on Wednesday, and the electricity generated by the project is enough to meet the power consumption demand of about 1.5 million households. The auction will close in August next year, and relevant contracts will be finalized in the second half of 2027. (Sina Finance)
Japan plans to research blockchain settlement system to realize 24-hour trading and settlement of stocks and government bonds
According to media reports, the Japanese government and the Bank of Japan will set up a research team this summer to implement a 24-hour settlement system for stocks and Japanese government bonds based on blockchain technology. The research team will also include Japan's Financial Services Agency, the Ministry of Finance and other financial institutions, and the relevant plan may be formulated as early as the beginning of 2027. (CLS)
HarmonyOS Becomes the World's Third Largest Mobile Operating System
On August 26, the State Council Information Office held a press conference to introduce the relevant situation of accelerating the advancement of new-type industrialization. Relevant officials from the Ministry of Industry and Information Technology stated that since the 14th Five-Year Plan period, the supply capacity and application level of China's basic software and industrial software have been greatly improved. The number of database products ranks first in the world, the HarmonyOS mobile operating system has become the world's third largest mobile operating system, and the total number of devices in the open-source HarmonyOS ecosystem has exceeded 1.35 billion. (Elephant News)
Listing in Progress
Extraordinary General Meeting of Shareholders Approves, Baidu's Dual Listing Is Imminent
36Kr learned that on August 26, Baidu Group issued an announcement on The Stock Exchange of Hong Kong Limited, stating that at the extraordinary general meeting of shareholders held on the same day, all resolutions proposed in the notice of the extraordinary general meeting of shareholders released on July 27, 2026 were formally passed. Referring to past precedents, if Baidu can complete the conversion and make it effective before the inspection date on September 3, it is expected to seize this adjustment window of the Hong Kong Stock Connect and be officially included as early as the week of September 7.
Large Enterprise Earnings Reports
ANTA Group: Revenue in the first half of the year increased by 12.9% year-on-year to RMB 43.51 billion
36Kr learned that ANTA Sports Products Limited has released its 2026 interim performance announcement. During the reporting period, the group's revenue increased by 12.9% year-on-year to RMB 43.51 billion, operating profit rose by 16.1% year-on-year to RMB 11.76 billion, the group's gross margin increased by 0.5 percentage points to 63.9%, and the group's operating margin increased by 0.7 percentage points to 27.0%.
CNOOC: Net profit for the first half of the year hits 85.8 billion RMB, rising 23.4% year on year
36Kr learned from the announcement of CNOOC that the company achieved a revenue of 2427 billion yuan in the first half of 2026, with a year-on-year increase of 16.9%; the net profit attributable to shareholders reached 858 billion yuan, up 23.4% year on year.
Li Auto: Q2 Revenue Reached 25.7 Billion Yuan, Up 11.7% Quarter-on-Quarter
36Kr learned that Li Auto released its financial report for the second quarter of 2026. The financial report shows that Li Auto achieved a revenue of 25.7 billion yuan in the second quarter, representing a 11.7% quarter-on-quarter increase. The overall gross margin rose 3.1 percentage points quarter-on-quarter to 11.0%, and the cash flow from operating activities turned positive in this single quarter. R&D expenses in the second quarter reached 2.8 billion yuan, maintaining high-intensity investment at the level of 3 billion yuan for 6 consecutive quarters. In the second quarter, Li Auto delivered 98,330 new vehicles, up 3.4% quarter-on-quarter. It is estimated that the total revenue in the third quarter will be between 26.6 billion yuan and 28 billion yuan, with a year-on-year change of -2.8% to +2.3%; the vehicle delivery volume will be between 95,000 and 100,000 units, with a year-on-year increase of 1.9% to 7.3%.
SenseTime: Total revenue of RMB 2.91 billion in the first half of the year, up 23.4% year on year
36Kr learned that SenseTime released its 2026 first-half performance, the group's total revenue reached RMB 2.91 billion, with a year-on-year increase of 23.4%; gross profit of RMB 1.21 billion; gross margin of 41.4%. The group disclosed for the first time that its Recurring Revenue was RMB 1.14 billion, accounting for 39.3% of the total, and achieved a profit of RMB 620 million under the International Financial Reporting Standards (IFRS) for the first time. Among the results, the generative AI revenue reached RMB 2.33 billion, accounting for nearly 80% of the total; the overseas business revenue increased by 127% year on year, far higher than the overall growth rate of the group.
Zhihu: Q2 2026 Revenue Reaches RMB 690 Million, Up 5.9% Quarter-on-Quarter
36Kr learned that on August 26, Zhihu released its 2026 second-quarter financial report. According to the report, Zhihu achieved a revenue of RMB 690 million in the second quarter, marking a 5.9% quarter-on-quarter growth. After realizing full-year non-GAAP profitability for the first time in 2025, Zhihu continued to maintain non-GAAP profitability in the first half of 2026, with an adjusted net profit of RMB 6.906 million. In the second quarter, Zhihu kept optimizing its revenue structure and actively explored new paths for AI-empowered commercialization. Among the revenue breakdown, revenue from paid content and IP operations reached RMB 426 million, accounting for 61.7% of the total; marketing services revenue was RMB 199 million, taking up 28.8% of the total; other revenue including expert data solutions, vocational education, consumer goods and other sectors stood at RMB 65.2 million, making up 9.5% of the total.
DeepSeek's revenue in the first 7 months reached 475 million yuan, growing 9 times compared to the full year of 2025
According to two sources with knowledge of the company's financial data, DeepSeek achieved a revenue of approximately 475 million RMB (equivalent to 70.7 million US dollars) in the first 7 months of 2026, which is about 10 times its full-year revenue in 2025, meaning a 9-fold increase. The two insiders added that DeepSeek recorded a net loss of around 715 million RMB from January to July this year, while its full-year net loss in 2025 was 935 million RMB. The company is currently negotiating with existing and new investors for this round of financing, planning to raise 500 billion RMB with a target valuation of 5 trillion RMB. (Sina Finance)
Investment and Financing
"Yiwei Aerospace" completes its fourth round of financing
36Kr has learned that recently, "Yiwei Aerospace" has completed its angel series of financing, which means it has accumulatively finished four rounds of financing to date. The capital raised in this round will be invested in the R&D of ultra-large-scale computing loads for space data centers, the ecosystem construction of the space computing power service platform and other relevant fields. As is known, Yiwei Aerospace is deeply engaged in the space computing power track, with a core focus on the Space AI Infra (Space Artificial Intelligence Infrastructure) sector.
"Xingyi Space" Completes Several Hundred Million Yuan Series A Financing
36Kr learned that recently, Xingyi Space, a service provider of spacecraft telemetry, tracking and command (TT&C) operation and control solutions, has completed its Series A financing of several hundred million yuan. This round of financing has introduced many investment institutions including Su Venture Capital, Lihe Qingtong, Septwolves Holdings, Zhichen Investment, Lanxi Capital, Haisi Venture Capital and others. After this round of financing, the company will accelerate the construction of the global TT&C station network, and continuously strengthen its key capabilities in large constellation TT&C management, precise orbit determination and control and other core fields.
"Jianzhi Robotics" Completes Series A Financing
36Kr has learned that Jianzhi Robotics has announced the completion of its Series A financing. This round is led by Momenta, with existing shareholders making follow-on investments for multiple consecutive rounds. The company will continue to focus on the construction of large-scale ontology-free data infrastructure, the iteration and upgrade of Data Foundation Model, the closed-loop evaluation of physical AI, the verification of large-scale real machine clusters and global business expansion, to accelerate the construction of a data-driven physical AI infrastructure.
"Lingyu Intelligence" Completes Pre-A Round Financing of Several Hundred Million Yuan
36Kr has learned that Lingyu Intelligence, a supplier of embodied intelligent infrastructure, has recently completed a Pre-A round of financing worth hundreds of millions of yuan. This round is jointly invested by Zhuzhou Industrial Investment, Flyto Venture Capital, Future Margin Venture Capital, Xinneng Venture Capital and other institutional investors. The raised funds will be mainly invested in expanding the production capacity of mass-produced robot bodies, continuously upgrading the real-device data collection pipeline, and carrying out iterative development of the cloud operation platform. Maple Pledge Capital has long served as the private equity financing advisor for the company.
"Bolun Zhihui" Completes Tens of Millions Angel Round Financing
36Kr learned that recently, Bolun Zhihui, a technical service provider for heterogeneous intelligent computing platforms and gradient Token factory, has completed a tens of millions yuan angel round of financing, with a post-investment valuation of about 150 million yuan. This round of financing is invested by a first-tier industrial fund that focuses on the AI and AI Infra tracks and has deployed large model training frameworks. The funds will be mainly used for the iteration of core heterogeneous intelligent computing technologies, the optimization of computing power infrastructure products, and the expansion of the core technical team.
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Compiled | Wang Haoyang