8:00 36Kr Flash | Official response to the "proposal to cancel the use of ETC devices"; Dreame sues Xiaohongshu, requiring the platform to cooperate in disclosing users' identity information; Li Guoqing responds that he will sell his Dangdang shares for public welfare.

Today's Hotspot Guide

The domestic per-gram price of gold jewelry plummeted by nearly 40 yuan overnight

Official announcement on the incident of "using dichlorvos to conduct disinfection and pest control for restaurants"

Changxin Storage responds to the lawsuit against the U.S. Department of Defense

China Construction Bank has opened applications for existing individual customers to extend their personal mortgage terms to 40 years

Sony and Warner Bros. sue Anthropic, accusing it of blatantly stealing intellectual property rights

TOP3 Major News

Official Response to the "Proposal to Abolish the Use of ETC Devices" 

Recently, the Ministry of Transport has responded to issues including the "promotion of the card-free convenient expressway access mode". Relevant official from the Highway Bureau of the Ministry of Transport stated that the current purpose of setting up ETC lanes is to improve expressway passage efficiency, optimize the public's express travel experience, and drive cost reduction and efficiency improvement in the logistics industry. Vehicle owners with high travel frequency can independently and voluntarily choose to apply for ETC devices according to personal needs, and conveniently obtain ETC devices through a variety of formal online and offline channels such as offline outlets of cooperating banks, official ETC service mini-programs, and related service entrances on Alipay.

Meanwhile, to further improve expressway passage efficiency and facilitate public travel, the Ministry of Transport has currently issued the "Implementation Plan for the 'Mobile +' Card-Free Convenient Expressway Access Scheme (2026-2028)", to actively and steadily promote the "Mobile +" card-free convenient access mode. (Financial Associated Press)

Dreame sues Xiaohongshu, demanding the platform cooperate to disclose user identity information

Reporters from Yicai learned from the court hearing information that Dreame Technology (Suzhou) Co., Ltd. has filed a lawsuit against Xingyin Information Technology (Shanghai) Co., Ltd. (the core domestic operating entity of Xiaohongshu) over a reputation rights dispute, and the case will be heard at the Huangpu District People's Court of Shanghai on September 8.

Regarding Dreame's lawsuit against Xiaohongshu, a legal person close to Xiaohongshu said that the litigation stems from Dreame's request for the platform to cooperate in disclosing the real identity information of a self-media user. Dreame believes that the user is suspected of infringement, and suing the platform is a common legal procedure of "identity disclosure" in online infringement disputes. It is understood that this self-media account published a content about Dreame's organizational structure adjustment last November. (Yicai)

Li Guoqing Responds to Selling Dangdang Shares for Public Welfare

36Kr learned that on August 29, Li Guoqing posted a video on social platforms saying, "I sold my shares in Dangdang when I turned 60 last year, and took out 50 million yuan for public welfare! What is more important than money is to pass on love, and I believe the world is worth living in!" Li Guoqing revealed that the 50 million yuan donation was split into two equal parts: 25 million yuan went to the Li Xiang Life Public Welfare Fund, operated by the public welfare department under "Li Xiang Life", the membership-based e-commerce platform he founded; the other 25 million yuan was injected into the Li Guoqing & Zhang Danhong Public Welfare Fund, which operates as an internal family fund of the two sides. Although both funds focus on the fields of children and education, "they have different decision-making rights and decision-making processes". Li Guoqing said that the fund projects are positioned as "grant-making programs", rather than him personally carrying out frontline implementation work.

AI Frontier

Google, OpenAI and Meta are joining forces with Japanese official institutions and local enterprises to combat the surging number of cyber fraud cases

Market News: Google, OpenAI and Meta are joining forces with Japanese official institutions and local enterprises to combat the surging number of cyber fraud cases. (Sina Finance)

OpenAI to Terminate Model Services for Cursor, Elon Musk Responds

According to multiple foreign media reports, on the 28th local time, the US Open Artificial Intelligence Research Center (OpenAI) announced that it plans to stop providing model services for Cursor, the AI programming platform under the US Space Exploration Technologies Corp. (SpaceX). OpenAI posted on social media that it has notified SpaceX that the proposed termination date is November 12, 2026.

OpenAI said the decision was made based on "past experience". As many companies under Elon Musk have previously breached contracts, it cannot be assured that SpaceX will use the technology within the framework of the service terms. In response, Elon Musk responded on the X platform that he "doesn't care at all", and claimed that OpenAI CEO Sam Altman and President Greg Brockman "are completely untrustworthy, and they stole an open-source non-profit organization". In June this year, SpaceX announced that it would acquire Cursor's parent company Anysphere in a $60 billion all-stock transaction, and completed the acquisition earlier this month. It is reported that Elon Musk previously filed a $150 billion lawsuit against OpenAI, accusing OpenAI and Altman of betraying their original non-profit mission. For its part, OpenAI said that Elon Musk tried to seize control of the company. (CCTV Finance)

Big Companies / Major Events

Domestic gold jewelry price per gram plummeted by nearly 40 yuan overnight

36 Kr learned that in the morning of Beijing time on the 29th, spot gold closed down 2.95%, falling below $4500 per ounce to settle at $4453.67 per ounce. In the overnight market, Federal Reserve Chair Wash delivered a speech at the Jackson Hole Global Central Bank Annual Meeting. Wash stated that if the underlying inflation in the United States cannot fall back clearly and quickly enough towards the 2% target, the Federal Reserve "still has work to do". On the 29th, the prices of gold jewelry of multiple domestic brands were sharply lowered collectively. Laomiao Gold's fine gold jewelry is priced at 1345 yuan per gram, dropping by 39 yuan in a single day; Laofengxiang's fine gold jewelry is priced at 1348 yuan per gram, dropping by 36 yuan in a single day; Chow Sang Sang's fine gold jewelry is priced at 1344 yuan per gram, rising by 37 yuan in a single day.

Mixue Ice City's total membership reaches 500 million

36Kr learned that on August 30, Mixue Ice City announced that its total number of members has reached 500 million.

CXMT Announces Mass Production of LPDDR6, With Peak Rate Reaching 12800Mbps

Changxin Memory Technologies announces that its new generation of self-developed low-power memory LPDDR6 has realized mass production, and the first batch of products will be mounted on the Xiaomi 18 Fold foldable flagship smartphone. It is reported that this is the world's first commercial landing of LPDDR6 products, marking that domestic storage enterprises have achieved the leap of the world's first mass production on high-end memory standards for the first time. According to the semi-annual report disclosed by CXMT, through architectural innovation and data transmission optimization technology, the Changxin LPDDR6 chip fully releases the data transmission potential, with a peak rate of 12800Mbps and a maximum chip capacity of 16GB. (Financial Associated Press)

Robot Knocks Out Girl's Teeth, Involved Parties Respond

Recently, the incident that "a girl had her teeth knocked out by a robot at a science and technology museum in Xiangyang, Hubei" has sparked heated public discussion. On August 28, a reporter from Southern Metropolis Daily N Video learned from relevant local authorities that the robot involved was under debugging and rehearsal when the accident took place, and the parties involved have now reached a settlement with the girl's family. The museum's operation service provider, Hefei Andaz Exhibition Technology Co., Ltd., said that "the details of the compensation will not be made public for the time being, and the robot is of the Unitree brand." According to the science and technology museum, Unitree robot performances are still held on a regular basis at present.

It is known that on November 12, 2025, a girl in Xiangyang, Hubei, who visited Xiangyang Science and Technology Museum with her kindergarten group, was suddenly kicked in the face by a robot that lifted its leg, leading to multiple of her primary teeth being knocked out. Relevant images show that the girl lost multiple primary teeth and has scars left on her face. (Southern Metropolis Daily N Video, Yicai)

Xiamen issues notification on "A disinfection company used dichlorvos to perform disinfection operations for dozens of restaurants": 6 people have been placed under criminal detention

Recently, in response to the media-reported issue that Xiamen Lvlinsen Environmental Technology Co., Ltd. used dichlorvos to provide disinfection services for catering stores, Xiamen has established a joint investigation team. After investigation, relevant acts of the company are suspected of violating laws and regulations with extremely vile nature. The public security organs have lawfully imposed criminal detention on 6 criminal suspects including the legal representative Zhuang Mouchen, shareholder Zeng Mouming, and business training supervisor Li. The case is under further investigation. After a comprehensive screening of all business entities that received disinfection services from the company, and the entrustment of institutions with inspection and testing qualifications to test the site environment, kitchen and dining utensils and other items, the results show that the relevant indicators meet safety standards. (CCTV News)

CXMT Responds to the Lawsuit Against the U.S. Department of Defense

According to sources, Changxin Memory Technologies (CXMT) filed a lawsuit against the U.S. Department of Defense on August 28 Eastern Time. On August 29, CXMT stated to reporters that the company has filed a lawsuit in the U.S. District Court for the District of Columbia, accusing the U.S. Department of Defense of wrongfully listing it on the "Chinese Military Companies" roster, where it was first designated in January 2025. CXMT is not a military enterprise. It only engages in the R&D and production of DRAM (Dynamic Random Access Memory) products for commercial and civilian sectors, and none of its products are used for military purposes. (Yicai)

Zhang Jianping Exits the Top 10 Shareholders of Meinian Health

On August 30, according to the 2026 semi-annual report of Meinian Health, as of June 30, 2026, Zhang Jianping is not found on the list of top ten shareholders; while according to the 2026 first-quarter report of Meinian Health, as of March 31, 2026, Zhang Jianping held 66.2574 million shares of the company, ranking as the 10th largest shareholder of the company. (Jiemian News)

China Construction Bank Has Opened Applications for Existing Customers to Extend Their Individual Mortgage Loans to 40 Years

On August 28, the People's Bank of China and the State Administration of Financial Regulation jointly released new rules on real estate credit management, which extended the maximum term of individual housing loans from the original 30 years to no more than 40 years, and the specific term shall be determined through consultation between home purchasers and commercial banks. On August 30, reporters from CLS learned through interviews that China Construction Bank has begun to implement the relevant policies. The customer service staff of China Construction Bank said that customers can apply to the bank for extending the loan term, and the bank will make a comprehensive assessment based on factors such as the specific reason for applying for the extension, repayment source and subsequent repayment arrangements, so as to reasonably determine the specific number of years that can be extended. In accordance with the current implementation standard of China Construction Bank, the extended term shall not exceed half of the original loan term, and the total of the original loan term and the extended term shall not exceed 40 years. For example, if a customer's original loan term is 30 years, the maximum extension they can apply for is 10 years; if the original loan term is 10 years, the maximum extension is 5 years. The customer service staff of China Construction Bank stated that the bank has implemented the latest regulations since the policy was issued on August 28, 2026. (CLS)

Apple to Pay $1.7 Billion in Settlement Over Delayed Siri Features

The class-action lawsuit against Apple over false promotion of Siri has recently made new progress. Apple has agreed to pay USD 250 million (approximately RMB 1.7 billion) to reach a settlement. Eligible US iPhone users can receive a maximum compensation of USD 95 per device. The controversy stems from Apple's previous move to take the personalized Siri powered by Apple Intelligence as a key selling point of the iPhone 15 and iPhone 16 series, and showcased a number of AI capabilities in its promotions. However, in March 2025, Apple confirmed that some core Siri functions would be delayed for launch. Afterwards, consumers filed a class-action lawsuit, arguing that Apple's relevant promotions had affected their purchase decisions. (National Business Daily)

Over 12.3 billion, the total box office of 2026 summer movie season has exceeded the total box office of the same period last year

Data from online platforms shows that as of 13:00 on August 30, the total box office (including pre-sales) of the 2026 summer movie season has exceeded 12.34 billion yuan, surpassing the final total box office of the 2025 summer movie season, marking two consecutive years of growth in summer movie box office. (CCTV News)

PetroChina: Appoints Gong Zhenzhi as Vice President

36Kr learned that PetroChina released an announcement on August 30, stating that the company held the 2nd meeting of the 10th Board of Directors on August 28, 2026, reviewed and passed the Proposal on Appointing the Company's Vice President, and appointed Gong Zhenzhi as the company's Vice President, whose term of office is the same as that of the 10th Board of Directors.

CITIC Securities: AI saw concentrated performance in Q2, while the energy and chemical sector will likely gradually heat up in the following period

According to the research report released by CITIC Securities, "structural rapid rotation" has become the normal state of the A-share market since 2022. The duration of extremely high rotation speed generally lasts for 1 to 2 months. The common feature behind the high-speed rotation lies in the insufficient breadth of earnings upward revision, and sustainable main investment tracks are scarce. At present, trade frictions have entered a high-incidence period, and the impact of exchange gains and losses is also expanding. As one of the most important performance clues for A-shares, overseas expansion is subject to valuation constraints, which restricts the breadth of the market rally and tends to form a market pattern of rapid industry rotation. New changes are needed to break the deadlock. Recent advances in AI have reinforced the existing trend of rapidly growing demand for computing power, but are not sufficient to change the long-term commercialization narrative. If new possible changes such as RSI and anti-distillation emerge later, it is expected to unlock the long-term valuation space. In the stage of rapid market rotation, most of the winners among major style strategies are "low valuation" strategies. However, only the PB-ROE strategy has obvious advantages in the rapid rotation environment, and the return of this strategy is further enhanced as the rotation speed rises. The momentum strategy is the most impaired strategy in the rapid rotation stage. Under high rotation, market opportunities will be more manifested as the valuation repair of varieties supported by solid performance. In terms of allocation, we proposed the barbell structure of "AI + energy and chemical" in the mid-term strategy, where AI saw concentrated performance in Q2, while the energy and chemical sector may gradually pick up in the next stage. (CLS)

Orders Are Booked Through the End of the Year, the 100-Billion-Yuan Liquid Cooling Track Is Heating Up at an Accelerated Pace

The power consumption of global AI hardware continues to rise, and the bottleneck of traditional air cooling heat dissipation has become prominent. With the accelerated implementation of newly built intelligent computing centers and the concentrated release of demand for retrofitting traditional computer rooms from air cooling to liquid cooling, the liquid cooling industry has ushered in an explosive growth period, and orders of many liquid cooling enterprises have been scheduled to the end of the year. It is understood that the current traditional air cooling technology cannot well solve the heat dissipation problem of high-power computing chips, and full-immersion liquid cooling has become a solution, which is like giving the overheating server a "cold water bath". Recently, China's first immersion liquid cooling computing power cabin was put into operation, and strict compatibility tests were carried out on four different coolants. This project focuses on the research of liquid cooling coolants for computing power cabins, and has developed low-cost coolants that combine economy and excellent heat dissipation performance. Meanwhile, it conducts compatibility research based on four types of coolants: silicone oil, synthetic oil, regenerated transformer oil and fluorinated liquid, to crack the high energy consumption bottleneck of data centers. Industry insiders pointed out that with technological iteration and cost reduction, immersion liquid cooling is expected to gradually replace traditional cold-plate liquid cooling devices. (CCTV Finance)

Sony and Warner Sue Anthropic, Accusing It of Blatantly Stealing Intellectual Property

Several major global music publishers filed a high-profile lawsuit on Friday evening, claiming that the case is "one of the largest and most egregious acts of ongoing intellectual property theft in history". This lawsuit kicks off a battle over music, artificial intelligence, and intellectual property protection in the new technology era that could last for years. The 48-page plaintiff's complaint states: "The defendant Anthropic, and its founders Dario Amodei and Benjamin Mann, have illegally downloaded copyrighted works on a large scale through torrent downloads and web crawling, to develop and operate Anthropic's Claude series of artificial intelligence models, and reap huge profits from such acts." The plaintiffs also accuse Anthropic of pirating thousands of copyrighted music works, and demand hundreds of thousands of dollars in compensation for each infringed work. This is not the first time that Anthropic has been accused of misappropriating content to train its models. In September 2025, the company reached the highest-value copyright settlement in U.S. history, paying 1.5 billion U.S. dollars to authors and publishers. (Sina Finance)

a16z's Machine Age Fund Raises $1.1 Billion, Targeting Hardware Sectors Including Chips and Robots

On August 8 local time, Andreessen Horowitz (a16z), a well-known Silicon Valley venture capital firm, announced that hardware has been officially established as the company's core direction, and has raised $1.1 billion for its Machine Age Fund. The fund will invest in all computing infrastructure that AI operation relies on, including chips, memory, network and storage, as well as complete systems running AI: from data centers to robots, and then to household AI devices. According to the company, it has recently invested in a number of hardware companies, including Unconventional AI, Nexthop, Volta, Atoms and Mind Robotics. (Jiemian News)

Ongoing IPOs

Udi Robotics: Proposed Global Offering of 45 Million H Shares

36Kr learns from the announcement of Udi Robotics that the company plans to globally offer 45,000,000 H shares, including 2,250,000 H shares for Hong Kong public offering and 42,750,000 H shares for international offering. The offering price will not exceed HK$19.55 per share, and the shares are expected to commence trading on The Stock Exchange of Hong Kong on September 9, 2026.

Enflame Technology: Announcement on the Online Roadshow for Initial Public Offering and Listing on the Science and Technology Innovation Board

36Kr learned from the announcement of Enflame Technology that the company's application for initial public offering of shares and listing on the Science and Technology Innovation Board has been approved for registration by the China Securities Regulatory Commission. A total of 43.035173 million new shares are planned to be publicly issued this time, accounting for 10% of the total share capital after issuance. The issuer and the joint lead underwriters will hold an online roadshow from 14:00 to 17:00 on September 1, 2026, and investors can participate through the SSE Roadshow Center or Shanghai Securities News · China Securities Network.

Major Corporations' Financial Reports

Air China: Net Loss of 2.286 Billion Yuan in the 2026 Semi-Annual Period

36Kr has learned that Air China released its 2026 semi-annual report, posting an operating revenue of 89.268 billion yuan, a year-on-year increase of 10.54%; the net profit attributable to shareholders of the listed company amounted to a loss of 2.286 billion yuan. Finance Note: The company recorded a net loss of 4 billion yuan in Q2, which falls within the previously announced forecast range of -4.314 billion yuan to -3.814 billion yuan. Its net profit in Q1 was 1.714 billion yuan. Calculated on this basis, the net profit in Q2 turned from profit to loss on a quarter-on-quarter basis.

Sany Heavy Industry: Net Profit in H1 Reaches 5.69 Billion RMB, Up 9.13% Year on Year

36Kr learned that Sany Heavy Industry disclosed its semi-annual report on August 30. In the first half of the year, the company realized an operating revenue of 53.306 billion RMB, with a year-on-year increase of 19.7%; the net profit attributable to shareholders of the listed company was 5.69 billion RMB, up 9.13% year on year; the basic earnings per share was 0.6217 RMB per share. During the reporting period, the company's performance was mainly driven by the year-on-year growth of both domestic and international sales.

PetroChina: Net profit increased by 22% year on year in the first half of the year

36Kr learned that PetroChina released its 2026 semi-annual report, achieving an operating revenue of 1.527491 trillion yuan, up 5.3% year on year; the net profit attributable to shareholders of the parent company reached 103.936 billion yuan, representing a 22.0% year-on-year growth.

Beijing-Shanghai High-Speed Railway: Net profit attributable to shareholders in the first half of the year reached 6.771 billion yuan, up 7.21% year on year

36Kr learned that Beijing-Shanghai High-Speed Railway disclosed its semi-annual report on August 30. The company achieved an operating revenue of 21.842 billion yuan in the first half of the year, a year-on-year increase of 3.94%; the net profit attributable to shareholders of the listed company was 6.771 billion yuan, up 7.21% year on year; the basic earnings per share was 0.1384 yuan per share.

China National Gold: Net profit attributable to shareholders in the first half of the year reached 279 million yuan, down 12.35% year on year

36Kr learned that China National Gold disclosed its semi-annual report on August 30. The company achieved operating revenue of 24.9 billion yuan in the first half of the year, down 19.93% year on year; the net profit attributable to shareholders of the listed company was 279 million yuan, down 12.35% year on year; the basic earnings per share was 0.17 yuan per share. The company plans to distribute a cash dividend of 0.92 yuan (tax included) for every 10 shares to all shareholders. During the reporting period, the company's performance was mainly affected by factors such as the year-on-year decline in sales of gold products, changes in operating costs and various expenses, the increase in inventory amount and the decrease in operating payable items.

Cool Products

Huawei Mate XT 2 Ultimate Design is about to be released, Richard Yu: It adopts the wing-spread tri-fold form, the thinnest and largest-sized in the industry

On August 30, Richard Yu, Executive Director of Huawei, Director of the Product Investment Review Committee, and Chairman of Huawei Terminal BG, released a post introducing the new form of tri-fold smartphones. The Huawei Mate XT 2 Ultimate Design, scheduled to be released on September 7, features a wing-spread tri-fold structure, and the two wings of the phone can be unfolded through left and right flipping. "For the first time, two inner and outer screens are accommodated in the ultra-slim 3.5mm body. After unfolding, it is still the thinnest and largest-sized foldable smartphone in the industry!" Richard Yu wrote. (Jiemian News)

Compiled｜Baby Chinese Cabbage