8:00 36Kr | The cause of the mudslide in Gyirong, Xizang has been identified; Jensen Huang says "whoever I dine with will see their stock price double"; Xingyu Co., Ltd. issues an apology for "persuading hundreds of fresh graduates to leave the company" and will provide 3 months of subsidies.
Today's Hotspot Guide
Gu Weiwei, producer of JX3, has left his position: all good things come to an end
Qunar Travel: Air ticket prices from September 27 to October 1 are the lowest in three years
Samsung was ruled to compensate Swatch 11.6 million US dollars
South Korea plans to invest 2.3 trillion won by 2030 to support the research and development of full-stack humanoid robots
SK plans to sell 49% equity of the Ulsan AI data center in South Korea to KKR and other parties
TOP3 Major News
The cause of the Gyirong mudslide in Xizang has been identified, and the expert group will carry out investigations focusing on the ice avalanche source area
At around 10:30 on August 26, a mudslide disaster that occurred on the Nepalese side caused heavy casualties and missing persons at the Gyirong Port in Gyirong County, Xigaze City, Xizang. According to analysis by experts from the Ministry of Natural Resources, this disaster is a debris flow chain disaster triggered by a high-position glacier collapse in Nepal. The ice avalanche material flowed down at high speed, entrained moraine along the gully and evolved into debris flow, then merged into the Donglin Zangbu River to form a mudslide, hitting the Gyirong Port. It is understood that in accordance with the needs of rescue support, the expert working group has set up four emergency investigation teams covering the ice avalanche source area, barrier lake, gully bank and surrounding river basin, and formulated the emergency investigation work plan. (CCTV News)
Jensen Huang flaunts his dinner party influence, claiming "the stock price of whoever I dine with will double"
NVIDIA recently released its financial results for the second quarter of fiscal year 2027. Revenue for the quarter reached 96.221 billion US dollars, doubling year on year, exceeding Wall Street's general expectation of around 92.1 billion US dollars. The company also projected that total revenue in the third quarter will hit 108 billion US dollars, higher than the average analyst expectation of 104.2 billion US dollars. When analysts asked about capacity bottlenecks, Jensen Huang did not shy away from NVIDIA's dominance over the entire AI industry supply chain, stating bluntly: "One interesting thing is to see where I go to eat and who I eat with. The stock price of that company will double the next day."
However, beneath the surface of revelry and expansion, the cost dilemma in the upper reaches of the supply chain is eroding the metrics that this company is most proud of. Wall Street has directly pointed out three major hidden risks. Among them, the most sensitive gross margin indicator remained at 75% this quarter, but will drop to 74% in the next quarter, and further decline to 71% in the fourth quarter... During the earnings call, NVIDIA CFO Colette Kress explained: "Many of you have expressed concerns about gross margins, as component costs have risen sharply. As you already know, we are facing an extreme price environment for storage. The magnitude of this round of price increases has exceeded our previous expectations, and it will continue to rise next year. Therefore, we are resetting our expectations today." (Sina Tech)
Xingyu Co., Ltd. Apologizes to 107 Fresh Graduates Persuaded to Resign: 3-Month Job-Hunting Living Allowance to Be Provided
Recently, the "humiliating" forced resignation of hundreds of fresh graduates by Xingyu Co., Ltd. has sparked widespread public attention. According to media reports, some graduates who hold master's degrees stated that they were given two options: either "resign voluntarily" or be transferred to assembly line positions to do screw-tightening work. On August 27, Changzhou Xingyu Automotive Lighting Systems Co., Ltd. released an apology letter, in which it announced the following remedial measures: First, immediately issue a 3-month living allowance for job hunting, and continue to offer free accommodation for graduates who stay in the company dormitory during this period. Second, actively reach out to other enterprises to provide matching positions, and organize the affected graduates to attend special job fairs hosted by the human resources and social security authorities. Third, for those who still fail to secure a formal job within 3 months (before the end of November), the company will offer 6 months of salary as compensation. (Guancha.cn)
Latest AI Frontiers
The United States is reportedly allowing large Japanese banks to resume the use of Anthropic's Mythos model
On August 27, according to reports, the United States has permitted major Japanese banks to resume using Anthropic's Mythos model, after the US authorities previously suspended the relevant usage licenses. The three major Japanese banking groups that had previously been approved to use this model are Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group. Mythos is mainly applied to cybersecurity defense, while its capabilities have also drawn the attention of regulators to cybersecurity risks in the financial system. (Jiemian News)
Nvidia: The supply shortage of AI computing power will persist at least until the end of fiscal year 2028
Nvidia stated on its earnings call after Wednesday's market close that the tight supply pattern of AI computing power will last at least through the end of fiscal year 2028, with wafer production capacity, HBM storage and data center power supply all in a state of full shortage, and there is no overcapacity risk in the industry. The demand side is seeing two-track rapid growth: traditional hyperscale cloud vendors have more than 2 trillion US dollars of orders in hand and continue to increase their computing power procurement; the non-cloud market (sovereign AI, regional NeoCloud, enterprise AI, sci-tech innovation AI) has recorded a year-on-year growth rate of over 100%, which has already accounted for half of the company's total business and become a brand new growth pole. (CLS)
NASA Administrator Says Space Data Centers Will Ease AI Energy Shortages
NASA Administrator Jared Isaacman hopes the United States can send artificial intelligence data centers into Earth's orbit. He believes that abundant solar energy can ease the energy pressure on Earth, while enhancing the United States' position in the space and artificial intelligence competition. (Sina Finance)
Investigation: Around 700 OpenAI Agents Breached Hugging Face
According to independent investigation reports released by two US artificial intelligence research organizations on the 26th, in the cybersecurity capability test carried out by OpenAI in July, around 700 agents driven by OpenAI's artificial intelligence models took part in the intrusion into the system of Hugging Face, the open-source artificial intelligence platform. OpenAI also published the relevant technical investigation report on the 26th. (Xinhua News Agency)
Alibaba Unveils Brand New Qoder
36Kr has learned that Alibaba has released the all-new Qoder. As introduced, this is an agent workstation for all users with Coding as its core capability. Users do not need to start from coding, they only need to describe their goals in natural language, and Qoder can call on its Coding and tool capabilities to complete tasks such as development, prototyping and data processing.
Major Companies / Key Events
Foldable iPhone May Only Support Fingerprint Recognition
On August 27, Apple officially announced on local time August 26 that it will hold its autumn new product launch event at its headquarters in California, the United States at 1 a.m. Beijing time on September 10. This launch will roll out the iPhone Ultra foldable screen model and the iPhone 18 Pro series slate flagship. Among them, the brand new iPhone Ultra is the model with the biggest appearance change in Apple's history. When folded, its size is roughly equivalent to a standard passport, barely taking up extra space, which effectively avoids the burden of carrying two separate devices of "a mobile phone and a tablet".
It is noteworthy that the single-side thickness of this device is about 4.5 millimeters, making it the thinnest iPhone model in Apple's history. Restricted by the body thickness, the iPhone Ultra removes the independent telephoto lens, only retaining a dual-camera setup consisting of a 48-megapixel main camera and an ultra-wide-angle camera, and long-distance shooting mainly relies on digital cropping of the main camera. Meanwhile, as the internal space of the device cannot fit the 3D structured light component, this model adopts the side fingerprint recognition solution and does not support Face ID facial unlocking, which is the only high-end iPhone from Apple in recent years that only supports fingerprint recognition. (Kuai Technology)
Guo Weiwei, Producer of JX3, Resigns: No Feast Lasts Forever
36Kr has learned that on August 27, Guo Weiwei, producer of the *JX3* series, posted on social media and announced: "No feast lasts forever, and tomorrow will be my last working day at Seasun."
Ministry of Commerce Responds to US Consideration of Imposing Additional 7.5% Tariffs on China
The Ministry of Commerce held a regular press conference on the 27th. Huang Ling, Spokesperson of the Ministry of Commerce, said in response to questions concerning the US government's consideration of imposing an extra 7.5% tariff on Chinese imports that the US initiated a Section 301 investigation against 16 economies including China under the pretext of "overcapacity", politicizing economic and trade issues, which is a typical act of unilateralism and protectionism. The Chinese side firmly opposes such practices. We will keep a close eye on and conduct full assessment of the follow-up moves of the US side, and reserve the right to take all necessary measures. (Xinhua News Agency)
The three major U.S. stock indexes closed higher collectively, with Nvidia surging more than 8%
36Kr learned that at the close of trading on August 27, the three major U.S. stock indexes rose across the board: the Nasdaq Composite Index rose 1.57%, the S&P 500 Index rose 0.72%, and the Dow Jones Industrial Average rose 0.2%. Large-cap tech stocks traded mixed: Nvidia rose more than 8%, Tesla rose more than 2%, Microsoft rose more than 1%, and Apple posted a modest gain; Amazon fell more than 1%, while Meta and Alphabet saw slight declines. The majority of popular Chinese concept stocks moved lower: iQiyi fell nearly 6%, Alibaba and Pinduoduo fell more than 2%, JD, NetEase and NIO edged down slightly; Bilibili and Baidu rose more than 3%, and Li Auto registered a mild increase.
Evergrande Auto: To convene a board meeting to review and approve the financial results of the Group
36Kr learned that Evergrande Auto released an announcement on the Hong Kong Stock Exchange on the evening of August 27, stating that the company will hold a board meeting on Tuesday, September 8, 2026 and Wednesday, September 16, 2026, to, among other matters, review and approve the financial results of the Group. At the meeting held on September 8, 2026, the board of directors will review and approve the annual results for the fiscal years ended December 31, 2024 and 2025, as well as the interim results for the six months ended June 30, 2025. At the meeting held on September 16, 2026, the board of directors will review and approve the interim results for the six months ended June 30, 2026. At the request of the company, the trading of its shares on the Main Board of the Stock Exchange of Hong Kong has been suspended from 9:00 a.m. on April 1, 2025, pending the publication of its unpublished financial results and the fulfillment of the resumption guidance specified in the company's announcements dated April 17, 2025, August 7, 2025 and June 16, 2026, and the trading suspension will remain in effect until further notice.
Dreame Coffee Responds to the Store Closure Issue: Outlets in Shanghai Are Under Phased Adjustment, New Store Plans Will Be Launched Later
Recently, a number of outlets of "DM CAFE", the coffee brand under Dreame, have suspended operations. Consumer reviews at individual stores show that they were closed as early as May, and some consumers posted that their multi-visit pre-paid cards had not been fully used. On August 27, the relevant person in charge of DM CAFE responded that at the current stage, based on the overall strategic planning and market evaluation, DM CAFE has carried out phased optimization and adjustment of its store layout in Shanghai, and its first store at Shanghai West Bund Dream Center is still operating normally. The DM CAFE store at Beijing Daxing International Airport is still under renovation and is expected to open in October, and there are plans for several other new stores in Shanghai in the follow-up period. (JIEMIAN NEWS)
HSBC is considering restructuring its Singapore business division to streamline operations
According to people with knowledge of the matter, HSBC Holdings plans to adjust its Singapore operations by consolidating its core banking businesses under a single entity to streamline the structure. This move will bring HSBC's local wholesale, retail and private banking businesses under the same roof. HSBC has been undergoing large-scale restructuring over the past two years since Noel Quinn assumed the position of Group Chief Executive Officer in September 2024. To simplify banking operations and reduce costs, he has closed, merged and sold a number of companies. In July this year, the bank agreed to sell its Singapore insurance business division for 2.1 billion US dollars. "We continuously review our organizational structure and seek simplification solutions," said a spokesperson for HSBC, "All of our banking entities in the Asia-Pacific region are still owned, managed and disposed of by The Hongkong and Shanghai Banking Corporation Limited, and there are no plans to make any changes to this at present." (Sina Finance)
Shein is reportedly set to guide its Hong Kong IPO offering price at around HK$48.56 per share
According to reports, Shein International Holdings Limited has informed potential investors that the offering price for its Hong Kong initial public offering (IPO) may be set at around HK$48.56 per share, slightly above the midpoint of the marketing price range. At this price level, the fast-fashion retailer will raise HK$13.6 billion (US$1.7 billion). The company seeks to issue approximately 280 million shares via the Hong Kong IPO, with a marketing range of HK$47.6 to HK$49.5 per share, implying a maximum valuation of up to US$27 billion. Persons familiar with the matter stated that relevant discussions are still ongoing and the price is subject to change. The final pricing is expected to be announced in Hong Kong on Thursday, and the shares will start trading on September 1. (Sina Finance)
Nvidia is reported to acquire Hugging Face for 12.9 billion USD
According to The Information, Nvidia has agreed to acquire Hugging Face for 12.9 billion USD. Hugging Face was valued at 4.5 billion USD in 2023, and its valuation has nearly tripled in less than three years; its recent annualized revenue is only around 150 million USD, which means the acquisition price is equivalent to more than 80 times of its annualized revenue.
Hugging Face is often called "GitHub in the AI era". A large number of models from Llama, DeepSeek to GLM, Moonshot are released, downloaded and deployed on this platform, which has become an indispensable stop in the open model ecosystem. Nvidia already owns GPU, CUDA and its own open models. If it takes over Hugging Face, it will further get close to the entry point where developers search for and deploy models. (ifanr)
Qunar Travel: Airfare prices from September 27 to October 1 hit the lowest level in three years
Data from Qunar shows that the trend of booking trips in advance for the "Super Golden Week" is very prominent. On the platform, the advance booking volume of hotels in popular cities during the Mid-Autumn Festival and National Day holiday increased by nearly 40% year on year, and the enthusiasm for locking air tickets one month in advance is 21% higher than that of the same period last year. The number of people who take days off to travel from September 28 to 30 increased by 52% year on year. Due to the extended holiday period, this year's National Day holiday has ushered in "the most cost-friendly opening in the past three years". During the period from September 27 to October 1, the average airfare price hit the lowest level in the same period of the past three years, and the average airfare price of some popular routes is more than 10% lower than that of last year.
Samsung was ordered to pay Swatch 11.6 million US dollars in compensation
According to recent reports from multiple foreign media, on August 26, a UK court ruled that Samsung should pay Swatch 11.6 million US dollars (approximately 77.9822 million RMB) in damages. The High Court of Justice in London confirmed that Samsung had put a number of digital replica watch faces of luxury watches on its own smartwatch app store, which caused "serious harm" to Swatch. The judge pointed out that the vast majority of the 11.6 million US dollars in compensation comes from the damage to the legitimate rights and interests caused by Samsung displaying Swatch's brand names on the app store, and this part of the compensation has nothing to do with whether consumers actually downloaded these apps. These watch face applications were not developed by Samsung, but created by third-party developers. Nevertheless, the court determined that Samsung is also held liable, partially because Samsung takes full control of the app review process, and also uses these exquisite watch faces to promote and sell its own smartwatches. (China New Finance & Economics)
UK carries out the world's first real-time AI-assisted brain surgery
Doctors at the National Hospital for Neurology and Neurosurgery in London, UK, performed the world's first real-time artificial intelligence (AI)-assisted brain surgery to remove a pituitary tumor for a patient. The patient has fully recovered now. Professor Hany Marcus, one of the leading surgeons, stated that an average general surgeon in the UK performs roughly 10 to 20 pituitary tumor resection operations per year, while this AI is trained with data from hundreds of such surgeries, a figure larger than the number of similar surgeries most surgeons have witnessed or performed in their entire careers, which makes the AI a reliable pair of "eyes". Marcus said their long-term goal is to develop a ChatGPT-style tool for surgeons, so that "there will be one more expert in the operating room that doctors can turn to for advice when needed — and they can choose not to adopt the suggestions if they do not agree with them". (Xinhua News Agency)
South Korea's average household income in the second quarter rose 4.5% year on year
Data released on Thursday shows that driven by the growth of wage income and transfer income, the average household income in South Korea in the second quarter of 2026 increased by 4.5% year on year. According to data from the Ministry of Data and Statistics of the Republic of Korea, the average monthly household income from April to June reached 5.29 million won (about 3,810 US dollars). Another report from the Ministry of Economy and Finance of the Republic of Korea points out that the actual household income excluding inflation factors increased by 1.5% year on year. (Sina Finance)
South Korea plans to invest 2.3 trillion won by 2030 to support the R&D of full-stack humanoid robots
The South Korean government said on Thursday that it plans to invest 2.3 trillion won (about 16.6 billion U.S. dollars) by 2030 to support domestic research and development of full-stack humanoid robots. The South Korean government plans to allocate a budget of 600 billion won next year to build a mass production system for humanoid robots adapted to ten key industries, and raise the localization rate of core components from the current 45% to 80%. It plans to procure 250 domestically produced humanoid robots in 2027, and make a cumulative procurement of 1,080 units by 2030, which will be distributed to major universities and public scientific research institutions for use. The Korean Program Budget Office also stated that South Korea aims to complete the full-stack humanoid robot technology breakthrough by 2031, including the development of an independent robot operating system. (Sina Finance)
Global credit restructuring may lift the central level of gold prices
Recently, the gold price has risen first, and the pace of increase has further accelerated since mid-August, with the spot price of London gold standing back above $4,600. Affected by factors such as the 30-year U.S. Treasury yield hitting a new high since 2007 and the U.S. Treasury stepping in to intervene in the bond market, market concerns about the credit of the U.S. dollar continue to heat up. Gold, as a credit hedging tool, has attracted the attention of market capital, and its monetary attribute has ushered in a value revaluation. Institutional analysis shows that the market's concerns about the U.S. fiscal situation and the gold purchase demand of global central banks are the core medium and long-term logic supporting gold prices, and the global credit restructuring may lift the central level of gold prices. (Securities Times)
CSC Financial: International crude oil price rally continues, global winter energy security risks rise
36Kr learned from a research report released by CSC Financial that the international crude oil price has broken through the $85 mark. The US-Iran memorandum of understanding expired without renewal, restricting commercial navigation in the Strait of Hormuz. The WTI settlement price rose to $85.83, with a weekly increase of 5.64%; the proportion of the United Arab Emirates' exports to Asia rose to 27%-32%, filling part of the supply gap. The geopolitical situation in the Middle East and the recovery of navigation channels remain unclear, with high uncertainty on the supply side, and the market remains on the sidelines. Global winter energy security risks have escalated. The deadlock in US-Iran strait management continues, more than 80% of the Middle East LNG transport capacity is stagnant, and the force majeure in Qatar is still ongoing; the EU's gas storage level stands at 61%, hitting a 17-year low, and will only reach 72.2% in 47 days, which makes it difficult to achieve the winter gas storage target. LNG supply disruptions have shifted from expected risks to actual risks, and the winter rush to purchase in Europe and Asia will push up procurement costs.
Chris Malone, Head of OpenAI's Data Centers, Has Left His Post
According to people familiar with the matter, Chris Malone, the executive in charge of OpenAI's data center construction, left the company last week. A company spokesperson confirmed that he is no longer in the position, but did not state the reason, nor name a single successor. The spokesperson said in a statement: "Earlier this year, we reorganized the infrastructure organization to support the scale and pace of our work. We now have a data center team with profound experience, clear leadership lines and the technical capability to execute the plans." Malone did not immediately respond to the request for comment. (Sina Finance)
SK plans to sell a 49% stake in the Ulsan AI data center in South Korea to KKR and other parties
According to reports on August 27, SK Group plans to sell a 49% stake in the Ulsan AI data center in South Korea to private equity firms. SK Telecom and SK Broadband plan to hold board meetings on August 27 to approve the transaction. KKR will acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital will acquire a 20% stake. The transaction is valued at approximately 3 trillion won, including a capital increase of about 1.2 trillion won. (Jiemian News)
Barret Zoph, Co-founder of Thinking Machines, Joins Google
Barret Zoph, co-founder of Thinking Machines Lab, has changed his employer again. Earlier this year, he suddenly joined OpenAI after a dispute with Mira Murati, CEO of Thinking Machines Lab. Google, a subsidiary of Alphabet, said on Thursday that Zoph will join the company as Vice President of Research. (Sina Finance)
The number of initial jobless claims in the United States last week was 203,000
Data released by the U.S. Bureau of Labor Statistics on August 27 shows that the number of people filing for initial unemployment benefits in the United States last week stood at 203,000. (Jiemian News)
IPO in Progress
Fute Technology: Plans to Initiate Preparatory Work for H-share Listing
36Kr learned from the announcement of Fute Technology that the company's board of directors has passed a resolution to authorize the management to launch the preliminary preparatory work for overseas share issuance (H shares) and listing on The Stock Exchange of Hong Kong, so as to deepen the internationalization strategy, improve brand image and enhance overseas financing capacity. At present, the specific plan has not been determined yet, and subsequent procedures need to be reviewed by the board of directors and the shareholders' meeting, as well as filed and approved by the China Securities Regulatory Commission, The Stock Exchange of Hong Kong and other relevant authorities, which is subject to great uncertainties.
Cinema software firm Unique X explores London listing with a valuation of around £300 million
Cinema software company Unique X is considering launching an initial public offering in London next year, with an estimated valuation of about £300 million and a plan to raise roughly £100 million. The company's technology is widely adopted by major Hollywood studios including Disney and Warner Bros. Discovery. If Unique X completes the listing successfully, it will inject much-needed vitality into the long-sluggish London IPO market. Despite multiple reforms in recent years, the number of IPOs on the London market has remained at a low level. (Sina Finance)
Large Corporations' Earnings Releases
Wasion Holdings: Net Profit in H1 Hits 446 Million Yuan, Up 1.41% Year-on-Year
36Kr learned from the announcement of Wasion Holdings that the company generated a total revenue of 5.389 billion yuan in the first half of 2026, with a year-on-year growth of 22.75%; the net profit attributable to shareholders of the parent company reached 446 million yuan, rising 1.41% year on year.
Mixue Group: Revenue of 15.22 billion yuan in the first half of 2026
On August 27, Mixue Group announced its 2026 interim results. The announcement shows that Mixue Group achieved a revenue of 15.22 billion yuan in the first half of 2026, a year-on-year increase of 2.3%. The gross profit was 4.63 billion yuan, and the net profit was 2.32 billion yuan, with a year-on-year drop of 14.7%. The decline in net profit is mainly due to the rising costs brought by the company's active investment in quality upgrading and the "Real Fresh and Pure" supply chain, as well as the high base effect caused by the food delivery war last year.
HP: Q3 Revenue Grew 13% Year-on-Year to $15.7 Billion
After U.S. stock markets closed on August 26, HP released its financial report for the third fiscal quarter ending July 31, posting total revenue of approximately $15.7 billion, representing a 13% year-on-year increase. Its earnings per share excluding items such as restructuring costs reached $0.83, which included a tariff refund benefit of $0.11 per share. The company expects its adjusted earnings per share for the fourth fiscal quarter ending October to be between $0.69 and $0.79, higher than the average analyst expectation of $0.67. Nevertheless, investors did not recognize the performance, and the core reason lies in the "actual quality" of its profit guidance. HP's guidance for the fourth fiscal quarter includes a tariff refund benefit of $0.08 per share. If this factor is excluded, the midpoint of the guidance is actually around $0.66, roughly $0.01 lower than market expectations. (Sina Finance)
China Life: Net profit for the first half of the year reaches 134.489 billion yuan, up 228.6% year on year
36Kr learned from the announcement of China Life that the company achieved operating revenue of 434.307 billion yuan in the first half of 2026, with a year-on-year increase of 81.5%; its net profit attributable to shareholders of the parent company is 134.489 billion yuan, rising 228.6% year on year.
Investment and Financing
"TokenRhythm has raised a total of tens of millions of US dollars in cumulative financing"
36Kr learned that recently, AI infrastructure company "TokenRhythm" announced the completion of a new round of financing, with the financing amount reaching tens of millions of US dollars. This round of financing is led by Honghui Fund, with the participation of institutions including Juhe Capital and Shangshi Capital. Previously, TokenRhythm completed its seed round financing led by Granite Asia, with participation from CDH VGC, Yuanjing Capital and Infinity Fund. While announcing the financing news, TokenRhythm also announced that the TokenRhythm API platform has officially launched public beta testing. Positioned as a one-stop multi-model API service for the Chinese market, the platform allows developers to access multiple models with only one API Key, without the need to register separate accounts, adapt to different interfaces and manage bills respectively.
"Muchuang Integrated Circuit" Completes Hundreds of Millions of Yuan Series B Financing
36Kr learned from Lenovo Capital and Incubator Group that "Muchuang Integrated Circuit" announced this month that it has closed a Series B financing of hundreds of millions of yuan. Muxi Co., Ltd. and Lenovo Capital joined the investment as strategic industrial capital; local government funds including Guangzhou Baiyun Financial Holding and Guanghua Financial Holding, as well as market-oriented funds such as Chenhui Capital, participated in the investment jointly; existing shareholders including Tsinghua Holdings Ginkgo and Yuanhe Capital continued to increase their stakes. The funds raised in this round will be dedicated to promoting the R&D and industrial implementation of 400G/800G Scale out smart network interface controller chips, and simultaneously deploy high-speed interconnection chips for GPU Scale Up scenarios.
"Lingchu Intelligence" Raises Over 100 Million USD in New Round of Financing
36Kr has learned that recently, "Lingchu Intelligence" has completed a new round of financing with a total amount exceeding 100 million US dollars. Industrial capitals including Tuopu Group, Ruicheng Fund under Chery Holdings and Lens Technology have made concentrated investments, institutions including 37 Interactive Entertainment, Wuhu Investment Holding Group and Fosun Chuangfu have participated jointly, and the old shareholder Huajin Capital has continued to make additional investment exceeding its original shareholding ratio. After this round of financing, Lingchu Intelligence will continue to invest in the R&D of embodied intelligence technology, and accelerate the large-scale implementation in logistics and advanced manufacturing scenarios. With the further involvement of industrial capital, Lingchu Intelligence will also continuously promote the deep integration of technical capabilities and industrial demands, driving embodied intelligence to further evolve from technological breakthroughs to real productive forces.
"Xingji Miyuan" Completes Tens of Millions of Yuan Seed Round Financing
36Kr has learned that recently, "Xingji Miyuan", a supplier of embodied intelligence systems for full-scenario applications, has completed a seed round financing of tens of millions of yuan, led by Cowin Capital, with follow-on investment from Woan Robot, an enterprise focused on household embodied intelligent robots, and Xuyuan Capital. The embodied intelligence system of "Xingji Miyuan" is planned to rely on self-developed "multi-modal physical asset reconstruction engine + high-fidelity scene simulation generator + full-domain embodied intelligent brain" to get through the links of physical data production, full-domain data simulation generation and model training, cognitive decision-making and robot deployment, enabling robots to understand environments and tasks and independently complete complex operations.
Cool Products
NetEase Youdao Launches Its First Agent Headset Exclusively Designed for iPhone Users
36Kr has learned that on August 27, NetEase Youdao officially released the OpenPods Youdao AI Headset, which will be officially put on sale on September 10. As the world's first Agent headset specially designed for iPhone users, this product relies on Apple MFi certification, independent smart headset case and AI Agent capabilities to integrate recording, transcription, translation, summarization, Q&A and knowledge management into the same workflow, covering high-frequency scenarios including conference office work, cross-language communication and content sorting.
XPeng Robotaxi Launches Unmanned Testing
XPeng officially announced the new iteration of its second-generation VLA, and XPeng Robotaxi is equipped with the second-generation VLA large model. It is reported that XPeng has obtained the remote testing qualification for intelligent connected vehicles in Guangzhou, and can carry out fully unmanned road tests on the corresponding first-level, second-level and third-level test roads in Guangzhou. It is learned that since the launch of employee internal beta in June this year, XPeng Robotaxi has completed more than 2000 internal beta orders within two months. (Yicai)
Compiled｜Wang Haoyang