8:00 36Kr Briefing丨Nvidia is under investigation; Luo Yonghao uses seven consecutive "copied" to lash out at Apple's foldable screen; the European Central Bank raises three key interest rates by 25 basis points
Today's Hotspot Overview
DeepSeek V4.1 Flash Model is officially released
298 important national standards are issued, covering AI, semiconductors and other fields
Apple responds to the removal of iPhone 17 Pro from shelves
A leading power semiconductor manufacturer announces a price increase
OpenAI restricts Adobe and other competitors from placing advertisements on ChatGPT
Top 3 Major News
The U.S. Department of Justice is investigating NVIDIA, involving the deal NVIDIA reached with AI chip startup Groq last year
It is reported that the U.S. Department of Justice is investigating whether NVIDIA attempted to evade antitrust review, and the investigation involves the deal NVIDIA reached with AI chip startup Groq last year. Last December, NVIDIA announced a $17 billion transaction with Groq. Under the agreement, NVIDIA obtained a non-exclusive license for Groq's chip technology, and brought in a number of senior executives including Groq founder Jonathan Ross at the same time.
U.S. regulators pointed out that this kind of "disguised acquisition" will stifle market competition in the AI chip industry and further strengthen NVIDIA's dominant position in this field. A Reuters report pointed out that if the investigation finds that there are problems with NVIDIA's operation of the transaction, the Department of Justice may impose a fine on it, but it is very unlikely to require the deal to be revoked. As of press time, the U.S. Department of Justice, NVIDIA and Groq have not commented on this report. (CCTV Finance)
Luo Yonghao used seven consecutive "copied" to mock Apple's foldable iPhone Duo: How much real joy and sense of well-being brought by technological innovation have we missed
On September 10, Luo Yonghao published a post to complain about Apple's foldable iPhone Duo:
Can we still tell the truth? The foldable device form? Copied; under-screen camera? Copied; the short, wide aspect ratio? Copied; side Dock? Copied; seamless transition between the outer screen and inner screen? Copied; multi-angle hovering? Copied; titanium alloy 3D printed hinge cover? Copied;
They can't get the crease issue solved, so they even compromise the screen experience and use a matte screen to cover it up? This is indeed original, but it leads to the blurriness of the front camera under the matte screen, so they have to polish and brighten only the small area corresponding to the front camera on the matte screen, which makes the front camera that was supposed to be hidden stand out again? This is indeed original, but it is absolutely 100% polishing extra layers of crap on top of existing crap. In contrast, the Dynamic Island was also developed and polished by themselves, but after all, the Dynamic Island still turned out to have a few nice highlights; alright, the animation effect when the device is folded is indeed original and looks really great, so the writers who got paid for sponsored posts and mindless Apple fanboys can only keep getting hyped over this point again and again.
Finally... There are 25 days to go before the 15th anniversary of the passing of that elder, which is full of endless nostalgia and sadness. It is hard to imagine that in the more than ten years after we lost him, amid the alternating revelry of a group of fools and foolish copycats, how much real joy and happiness brought by technological innovation we have missed... (Yicai)
The European Central Bank raises its three key interest rates by 25 basis points
The European Central Bank raises the deposit facility rate by 25 basis points to 2.50%, the main refinancing rate by 25 basis points to 2.65%, and the marginal lending rate by 25 basis points to 2.90%. (CCTV Finance)
AI Cutting-Edge
DeepSeek V4.1 Flash Model Officially Released
36Kr has learned that the DeepSeek V4.1 Flash model is officially launched. As introduced, the model is equipped with native multimodal visual understanding capability. The new model architecture is designed with the original intention of a higher upper limit of capability, faster inference speed, larger throughput, and the support for scaling to models with larger parameters. Benefiting from the innovation of the model architecture, DeepSeek has reduced the pricing of V4.1 Flash. Meanwhile, to allocate resources in a more reasonable manner, the peak-valley pricing mechanism is still applied, where the off-peak price is half of the price during peak hours, to encourage users to adjust their task time according to actual usage conditions. The new pricing takes effect at 12:00 on September 10, 2026.
DeepSeek Harness Update: Adapted to DeepSeek V4.1 Flash Model
36Kr has learned that DeepSeek Harness v0.1.5 is now released. The new version is deeply integrated with the training of the DeepSeek V4.1 Flash model, and the model has received dedicated training and optimization under various configurations of DeepSeek Harness. Meanwhile, the new version of DeepSeek Harness provides more standardized UI extension entries for plugin authors, adds new features including file upload and sidebar file preview, optimizes UI performance and interaction experience, and keeps adding experimental features that are deeply combined with the cutting-edge of model research.
Unitree Robotics: Fully Open-Sourced UnifoLM-WLA-1.0 Embodied Foundation Model
36Kr learned that Unitree has fully open-sourced the UnifoLM-WLA-1.0 embodied foundation model, where a single model coordinates both tabletop and full-body mobile manipulation, supporting cross-task and cross-end-effector generalization.
Anthropic Opens Access to Mythos Model in the EU
It is reported that Anthropic has granted the EU cybersecurity agency access to its Mythos artificial intelligence model. Thomas Regnier, spokesperson for the European Commission, said: "After constructive communication with Anthropic, we can confirm that the European Union Agency for Cybersecurity (ENISA) has been granted access to Mythos 5 and is currently testing it." Regnier said ENISA will not have access to Mythos 5.1, the latest version of the model. (Jiemian News)
Big Companies / Major Events
The "15th Five-Year Plan" for Building a Strong Financial Country has been officially released
Lu Lei, Vice Governor of the People's Bank of China, stated at the themed press conference of the "Kickoff of the 15th Five-Year Plan" series held by the State Council Information Office on September 10 that the "15th Five-Year Plan" for Building a Strong Financial Country was officially released recently. To fully implement the relevant arrangements, the People's Bank of China has formulated and issued the "15th Five-Year Reform and Development Plan of the People's Bank of China", and launched 9 supporting action plans for relevant fields. (Xinhua News Agency)
298 Important National Standards Released, Covering AI, Semiconductors and Other Fields
It is learned on September 10 that the Standardization Administration of China has approved and released 298 important national standards, including 27 mandatory national standards and 271 recommended national standards, covering fields such as high and new technology, traditional industries, work safety, agriculture and other sectors. After the release of this batch of standards, they will play a significant role in promoting high-quality industrial development, improving the life quality of the public, and ensuring the safety of life and property. In the field of high and new technology, 47 national standards covering artificial intelligence, intelligent speech interaction, smart services and other segments have been issued, which will regulate the development of AI in industries such as electric power, ports, petroleum and home furnishing, and empower the industries to improve quality and efficiency. 26 national standards for semiconductor devices, integrated circuits and other related fields have been released to standardize the development of the semiconductor industry, strengthen the resilience of the industrial chain, and facilitate self-reliance and self-improvement in science and technology. (CCTV News)
Li Chao of China Securities Regulatory Commission: Strive to Build the A-share Market the Preferred Listing Destination for High-quality Domestic Enterprises
At the press conference hosted by the State Council Information Office, Li Chao, Vice Chairman of the China Securities Regulatory Commission, stated that in the next step, the CSRC will implement more inclusive systems for issuance and listing, merger and reorganization, and strive to build the A-share market the preferred listing destination for high-quality domestic enterprises. It will dynamically improve the listing standard system, and expand the coverage for new and high-quality sectors in an orderly manner. It will accelerate the revision of regulatory rules including the registration measures for refinancing, promote the integrated high-quality development of the Beijing Stock Exchange and the National Equities Exchange and Quotations. It will further smooth the "fundraising, investment, management and exit" cycle of private venture capital funds, and guide investment in early-stage projects, small-sized entities, long-term tracks and hard core technologies. (Securities Times)
Indian government agency recommends launching investigation into Xiaomi, Ministry of Foreign Affairs responds
Guo Jiakun, Spokesperson of the Ministry of Foreign Affairs, presided over the regular press conference. Reuters raised a question that the Serious Fraud Investigation Office (SFIO) under the Ministry of Corporate Affairs of India recommended launching an investigation into Xiaomi, on the grounds that Xiaomi is suspected of violating relevant rules in terms of its business model and compliance with foreign investment regulatory provisions. What is the comment of the Ministry of Foreign Affairs on this issue? Guo Jiakun stated, "I am not aware of the specific situation you mentioned. China-India economic and trade cooperation is mutually beneficial in nature, and we hope the Indian side can provide a fair, just, transparent and non-discriminatory business environment for enterprises from all countries to invest and operate in India." (The Paper)
The three major U.S. stock indexes closed lower collectively, with Apple up more than 3%
36Kr learned that at the close on September 10, the three major U.S. stock indexes fell collectively: the Dow Jones Industrial Average dropped 0.6%, the Nasdaq Composite Index fell 0.65%, and the S&P 500 Index declined 0.58%. Most large tech stocks trended down: Intel and Oracle fell by more than 5%, NVIDIA dropped over 2%, Meta and Tesla declined by more than 1%, while Amazon and Netflix posted slight losses. Apple rose by more than 3%, and Google and Microsoft saw slight gains. Most popular Chinese concept stocks traded lower with only a few posting gains: NIO fell by more than 3%, Bilibili, Futu Holdings, Tiger Brokers, Li Auto and XPeng Inc. dropped by more than 2%, Baidu fell over 1%; iQiyi, Tencent Music and JD.com recorded slight increases.
It is rumored that Moonshot AI plans to conduct dual listings in Hong Kong and Shanghai, insiders say: the news is untrue
Reports claim that Moonshot AI, a leading domestic large model enterprise in China, is considering listing in both Hong Kong and Shanghai to obtain more funds. In response, people familiar with the matter stated that the news is untrue. (CLS)
Enflame Technology: Shares Listed on the STAR Market Today
Enflame Technology released an announcement on September 9, stating that the company's shares will be listed on the STAR Market of the Shanghai Stock Exchange on September 11, 2026. As of the announcement disclosure date (September 9), the company has not yet been profitable, and will be included in the Sci-Tech Innovation Growth Tier from the listing date. The total share capital after this issuance is 430 million shares, and the number of unrestricted tradable shares at the initial stage of listing is 17.9003 million shares, accounting for 4.1595% of the total share capital after this issuance. (Jin 10 Data)
The 2026 A-share Listed Companies Cash Dividend List is unveiled, with 2.4 trillion yuan of "real money" put into place
The China Association of Listed Companies released the 2026 cash dividend list of listed companies on September 10. Data shows that the total dividend of A-share listed companies in the 2025 fiscal year reached 2.4 trillion yuan, up 3.3% year on year, hitting a record high. Nearly 70% of listed companies distributed "real money", and cash dividend has fully entered a new stage of "normalization" from a periodic upsurge. (Shanghai Securities News)
Cambricon Responds to Rumors of Significant Price Adjustment of AI Processors
According to sources, Chinese AI chip manufacturers including Cambricon have significantly raised the selling prices of their existing and new-generation AI processors. Among them, Cambricon has re-priced its next-generation chip tentatively named 690, with a 20% to 30% increase compared with the reference quotation two months ago. In response, a reporter called Cambricon in the identity of an investor, and the staff who answered the phone of the company stated that the company has not released any news related to price hikes. Investors shall take the relevant announcements disclosed by the company on the officially designated information disclosure media as the standard, and never trust the relevant rumors in the market easily. The company cannot make judgments on the subsequent price trend of its products. (21st Century Business Herald)
MoonShot Officially Unveils the "Moon Landing Program" for Its Enterprise Partners, with a Number of Listed Companies Signed in the First Batch
36Kr has learned that on September 10, MoonShot officially launched the "Moon Landing Program" for Kimi enterprise partners. Leveraging the FDE model, it will jointly build a front-end deployment engineer team with system integrators from all industries, go deep into customer sites, and promote the integration of large language models into enterprises' core business processes. It is also the first large model company in China that adopts the FDE model for AI end-side deployment. The first batch of signed partners includes Chinasoft International, Kingsoft Cloud, Teamsun, Akang Co., Ltd., AsiaInfo Technologies and more, covering sectors including software information services, communications, infrastructure and cloud computing. This program will keep opening up to IT service providers, software service providers and consulting institutions.
Central Bank: Conduct overnight reverse repo operations from September 14 to September 17, with the daily operation volume not exceeding 600 billion yuan
36Kr has learned that the People's Bank of China issued an announcement. To better meet the short-term liquidity demand of the banking system, the People's Bank of China will carry out overnight reverse repo operations from September 14 to September 17, adopting fixed-rate and quantity bidding, and the daily operation volume will not exceed 600 billion yuan.
Institution: Apple's iPhone Duo shipments estimated at around 5 million units in 2026, with a market share of nearly 25%
36Kr has learned that TrendForce estimates that the shipments of Apple's first foldable phone iPhone Duo will reach around 5 million units in 2026, which will help Apple capture a market share of approximately 24.8% in the foldable phone market. The institution forecasts that global foldable phone shipments will stand at roughly 20.2 million units in 2026, posting a marginal 0.5% year-on-year growth compared to 2025. Excluding Apple's contribution, the total shipments of Android brands in 2026 will only be about 15.2 million units, a year-on-year decline of over 20%, mainly due to the sharp rise in component costs, with most brands' shipments remaining flat against the previous year or registering a decline. Under such circumstances, Samsung's shipments are estimated at around 7.1 million units, accounting for 35.1% of the market share; Huawei's shipments are estimated at around 5 million units, taking up 24.8% of the market share.
Apple iPhone Duo is being heavily marked up by scalpers, with the first-launch proxy purchasing service priced as high as 99,000 yuan
On September 10, after Apple's first foldable smartphone iPhone Duo was released, checks on second-hand trading platforms including Xianyu found that a number of merchants have launched the first-launch proxy purchasing service for iPhone Duo, and some scalpers have set the price as high as 99,000 yuan. Inquiries with multiple merchants show that the premium for iPhone Duo has generally been driven up to around 5,000 yuan, and the lowest premium is also above 1,000 yuan. At present, the market prices for the 1TB and 2TB versions from scalpers are still on the rise. Many scalpers attract buyers with the promise of "getting the physical device on the first day", and the deposit for the snap-up reservation for some consumers has been driven up to around 800 yuan, with the note of "no refund for order default". (Yicai)
ByteDance hires former Coatue executive to ramp up investment deals in the AI sector
According to reports, ByteDance Co., Ltd. has hired a former executive of Coatue Management to lead its corporate investment team. According to people familiar with the matter, Jiang Kai serves as the head of the Hong Kong-based financial investment department, reporting to Julie Gao, the Chief Financial Officer. Sources said that this appointment will help ByteDance establish a more systematic mechanism to invest in emerging technology startups. (Sina Finance)
General Office of the State Council: Promote leading enterprises to take the lead in fulfilling the "60-day cash payment commitment"
36 Kr learned that the General Office of the State Council has issued the Notice on Strengthening the Work Related to Addressing the Difficulty in Payment Collection for Small and Medium-sized Enterprises. It is proposed in the document to promote leading enterprises to take the lead in fulfilling the "60-day cash payment commitment", release the timely payment initiative for large enterprises in various industries, and guide large enterprises, especially leading enterprises, to take the lead in issuing and fulfilling the commitment to pay the accounts payable to small and medium-sized enterprises in cash within 60 days from the date when the goods, projects and services are delivered. Large enterprises shall be urged to keep accounts in strict accordance with the Accounting Standards for Business Enterprises, and correct behaviors such as failing to sign contracts, failing to issue invoices, and failing to confirm the relationship between creditor's rights and debts. Relevant associations will be guided to carry out self-discipline management of timely payment and formulate self-discipline norms for timely payment.
The Securities and Futures Commission of Hong Kong suspends trading of Bokang Vision Cloud shares over suspected initial public offering manipulation
36Kr has learned that the Securities and Futures Commission of Hong Kong issued an announcement, instructing HKEX to suspend the trading of Bokang Vision Cloud-B shares with effect from 9:00 a.m. on September 10, 2026. The SFC has expressed serious concerns that the initial public offering of Bokang Vision Cloud may have been artificially manipulated to create a false impression of demand for its shares. As the investigation is still ongoing, the SFC will not make further comments.
Apple Responds to the Delisting of iPhone 17 Pro
After Apple's Autumn Launch Event on September 10, a search on Apple's official website shows that currently only iPhone Air, iPhone 17, iPhone 17e and iPhone 16 are available for sale in the iPhone product line, while the iPhone 17 Pro series has been removed from shelves. In response, Apple's official customer service stated that the iPhone 17 Pro series would be delisted when new products are released, leaving only the base models on sale. The aforementioned customer service representative explicitly pointed out that "it will not be relisted". (China News Finance)
Senior White House official says US-Iran conflict could last until the end of Trump's term
According to a report from The Wall Street Journal on the 9th, senior White House officials privately pointed out to U.S. President Trump that the US-Iran conflict may continue until the end of his presidential term. The report quoted multiple U.S. officials as saying that during the meetings held in the Oval Office and the Situation Room of the White House, U.S. Vice President Vance, Secretary of State Rubio and others discussed with Trump the scenario that Iran may continue to resist under the U.S. blockade and other military pressures, which may cause the conflict to last beyond the presidential inauguration day in January 2029. The report also noted that senior White House officials privately acknowledged that this military conflict could drag on for several years, which contradicts Trump's claim that the United States has defeated the Iranian army and the Iranian regime is about to surrender. (Xinhua News Agency)
Storage Giant Kioxia CEO: Prices Have Risen High Enough
On September 9, Hiroo Ota, who took over as CEO of Kioxia in April this year, stated bluntly that "(Storage) prices have already risen high enough!" He noted that he has instructed the business team not to raise quotations sharply for data center customers, so as not to dampen the investment willingness of the AI industry. Ota emphasized that even hyperscale data center operators have limited budgets. If prices continue to rise out of control, it will eventually backfire on AI investment willingness, and further impact the long-term growth of the entire memory market.
Kioxia's core products are NAND flash memory and solid-state drives (SSDs). Compared with the first three months of the year, the average price of Kioxia's NAND flash memory in June rose by 70%, while the price increase in the previous quarter more than doubled. Analysts predict that the company's operating profit for the fiscal year ending in March will increase by more than nine times. (Cailian Press)
Power Semiconductor Giant Renesas Electronics Announces Price Hike
Leading power semiconductor manufacturer Renesas Electronics has announced adjustments to its product pricing system, and the new prices will officially take effect on January 1, 2027. Back in March this year, the manufacturer also issued a price increase notice that came into effect on July 1 this year. Renesas noted in this latest notice that the industry is still facing structural cost increases in raw materials, energy, advanced packaging, manufacturing capacity and global logistics and other related sectors.
Power semiconductors are the core components for electric energy conversion and circuit control, widely used in the power electronics field. In recent years, the construction of AI data centers has brought a sharp surge in demand for power chips related to power supply control and cabinet power supply. According to incomplete statistics from Sci-Tech Innovation Board Daily, in addition to Renesas Electronics, many power semiconductor manufacturers have announced price increases since 2026. The price adjustments have gone through several rounds, covering leading overseas players and major domestic manufacturers. (CLS)
TSMC accelerates the construction of its 1.4nm fab, mass production is expected in the second half of next year
According to reports, TSMC has fully accelerated the construction of the 1.4nm fab in the second phase of its Zhongke expansion project. The first (P1) fab has completed its steel structure at present, which is expected to start trial operation in April next year and realize mass production in the second half of next year. The report mentioned that TSMC has filed an application for building two temporary offices on the base, which are estimated to be completed simultaneously in April next year, and more than 5,400 operating and outsourced personnel will be stationed there in the first batch. This also means that the P1 fab will launch trial operation in April next year and have the opportunity to achieve mass production in the second half of the year, which is much ahead of the originally scheduled mass production progress in 2028. (Jiemian News)
OpenAI calls on the U.S. to enact mandatory national AI safety rules and supports four California bills
OpenAI stated on local time September 9 that it will promote the establishment of a nationally binding artificial intelligence safety system in the United States that is classified based on model capabilities and risks. The company proposes that unified requirements for testing, independent assessment, cybersecurity and major incident reporting should be set for a small number of large laboratories that develop the most advanced models. At the same time, OpenAI officially supports four artificial intelligence bills that have been passed by the California State Legislature. The company said that some of these bills did not get its support before, and this position adjustment is rooted in the rapid improvement of model capabilities in the recent period. (Sina Finance)
NVIDIA CEO Jensen Huang Says Cybersecurity Will Be AI's Next Major Market
Jensen Huang, co-founder and chief executive officer of NVIDIA, said that cybersecurity will become the next major market for artificial intelligence (AI), and the development of AI technology is bound to disrupt this industry whose core task is to protect computer systems. "Cybersecurity will very likely become the next major application scenario for AI," Huang told attendees at the Goldman Sachs Technology Conference held in San Francisco on Thursday. Huang noted that AI models that automate computer programming are disrupting the cybersecurity industry, as the speed at which code is exploited is getting faster and faster, and fixes must also be accelerated accordingly. (Sina Finance)
OpenAI restricts Adobe and other competitors from placing ads on ChatGPT
OpenAI has informed some of its commercial partners that it will no longer accept advertisements for image and audio generation products to be placed within ChatGPT, as such products are in competition with OpenAI's own features. This adjustment has not been previously reported and has not been updated on its official advertising policy page, which caught existing advertisers selling similar products including Adobe completely off guard. If this policy is further applied to other competing products, the new rules may compress OpenAI's potential advertising revenue space. (Sina Finance)
IPO in Progress
Hansheng Offshore Equipment's IPO on the Beijing Stock Exchange Has Been Approved
36Kr learned that the Listing Committee of the Beijing Stock Exchange held its 84th deliberation meeting in 2026. The deliberation result shows that Hansheng (Shanghai) Ocean Equipment Technology Co., Ltd. meets the issuance conditions, listing conditions and information disclosure requirements.
Large Corporate Financial Reports
Hefu China: Consolidated revenue from January to August 2026 reaches 438 million yuan, down 9.84% year on year
36 Kr learned from the announcement of Hefu China that the total consolidated operating revenue from January to August 2026 is RMB 438 million, representing a 9.84% decrease compared with the RMB 486 million recorded in the same period of 2025; compared with the 21.93% decline in the same period of 2024, the year-on-year decline has narrowed by 12.09%. The above data have not been audited or reviewed by an accounting firm.
TSMC's August sales hit NT$514.8 billion, rising 53.3% year on year
TSMC recorded sales of NT$514.8 billion in August, with a year-on-year growth of 53.3%; its total sales from January to August amounted to NT$3.39 trillion, representing a 39.3% year-on-year increase. (Jiemian News)
Oracle's adjusted revenue for the first fiscal quarter reached 19.35 billion U.S. dollars, beating market expectations
Oracle's adjusted revenue for the first fiscal quarter was 19.35 billion U.S. dollars, while the market estimate stood at 19.13 billion U.S. dollars; its software revenue in the first fiscal quarter was 5.55 billion U.S. dollars, compared with the market expectation of 5.67 billion U.S. dollars; its cloud infrastructure (IAAS) revenue in the first fiscal quarter was 7.39 billion U.S. dollars, versus the market estimate of 7.19 billion U.S. dollars. The company expects adjusted earnings per share for the full fiscal year to be 8.10 U.S. dollars; it projects total revenue in the second fiscal quarter to grow by 30% to 34%; its cloud application (SAAS) revenue in the first fiscal quarter was 4.22 billion U.S. dollars, while the market estimate was 4.26 billion U.S. dollars. (Financial Associated Press)
JNBY: Revenue for Fiscal Year 2026 Increased by 9% Year-on-Year to RMB 6.046 Billion
36Kr has learned that JNBY announced its operating results for the year ended June 30, 2026. JNBY's full-year revenue reached RMB 6.046 billion, marking a 9.0% year-on-year increase; its net profit stood at RMB 997 million, up 11.1% year on year; its gross margin rose by 1 percentage point year on year to 66.6%. Among the total revenue, online revenue increased by 20.5% to RMB 1.448 billion, and offline revenue grew by 5.8% to RMB 4.598 billion.
Investment and Financing
"Yuntong Shuda" Completes 40 Million Yuan Series B Financing, Deeply Cultivates the New Track of AI Traffic Signal Control
Recently, Yuntong Shuda, an AI smart transportation enterprise, has completed 40 million yuan in Series B financing. This round of financing was joined by new shareholders including Wenzhouwan Investment, Jinchang Investment and Hainahuiju, while existing shareholders such as Daily Interactive and Huadan Capital continued to increase their stakes. The raised funds will be used for the iteration of digital intelligent green wave and vehicle-road-cloud integrated products, promote the scenario implementation of AI traffic signal control agents, accelerate technical iteration and expand overseas markets. At present, the digital intelligent green wave system has been deployed in nearly 40 urban areas across China, covering nearly 900 green wave roads, and the business is also actively expanding into the markets of countries along the Belt and Road.
"Raysolve Semiconductor" Completes Nearly 100 Million Yuan Pre-A4 Round Financing
36Kr learned that recently, Raysolve Semiconductor (Raysolve) announced the completion of its nearly 100 million yuan Pre-A4 round of financing. This round of financing is led by China Merchants Bank International Capital, followed by Fengtu Capital and an industrial strategic investor, with Muyan Capital acting as the exclusive financial advisor. The raised funds will be mainly used for technology and product iteration, application verification and industrial cooperation, to further promote the industrialization process of Raysolve in the fields of near-eye display and optical interconnection.
Elon Musk's Boring Company Completes $3 Billion Series D Financing Round, Reaching a Valuation of $23 Billion
According to the company's statement, Elon Musk's The Boring Company has completed a $3 billion Series D financing round, with a valuation of $23 billion. This financing round is led by the United Arab Emirates and its affiliated investment entities. The investment will be used for the large-scale implementation of underground infrastructure projects within the UAE, including a tunnel network with a total length of over 150 kilometers. Other core investors in this round also include Human Capital, Vy Capital, Valor Equity Partners, HSG, a16z, Temasek, Shamal Holding and Baron Capital, while a large number of new and existing investors also participated in the follow-on investment. The cooperation agreement reached this time is a further expansion based on the previously won bid for the Dubai Loop project. (CLS)
"Xingyu Intelligence" completes multi-million-yuan angel round financing
Recently, Xingyu Intelligence, a service provider focused on AI-powered 400 hotline solutions, has closed its multi-million-yuan angel round of financing. With its self-developed end-to-end speech model and cross-Agent group model engineering capabilities, Xingyu can simultaneously complete speech processing and in-depth business reasoning in extremely short real-time interactions, enabling the AI system to finish business judgment, process service delivery and work order closed-loop while maintaining a natural response speed. At present, after large-scale operation in a large number of leading enterprises, the completion rate can reach 90%, which significantly reduces the pressure on human agents and operating costs, with the daily AI service duration exceeding 100,000 minutes.
"Dyu Smart Mobility" completes nearly RMB 100 million Pre-B round financing
36Kr has learned that Dyu Smart Mobility, an intelligent light mobility enterprise, recently closed its Pre-B round financing of nearly 100 million yuan. This round is led by Tongxin Capital, with multiple institutions participating in the follow-on investment. The raised funds will be mainly used for new product R&D, intelligent technology upgrading, global brand building and supply chain capacity improvement.
Cool Products
Xiaomi 18 Fold goes on sale on September 10
36Kr has learned that Xiaomi 18 Fold was first launched for sale on September 10. As Xiaomi's first flagship model with a starting price exceeding 10,000 yuan, Xiaomi 18 Fold is equipped with highlight technical features including Xiaomi Ring O3 flagship processor, Xiaomi HyperOS 4 full-ecosystem operating system covering personal, vehicle and home scenarios, and the world's first domestically produced Changxin LPDDR6 memory, and its sales volume has increased by 300% compared with the previous generation of the brand's foldable screen products.
The new Qwen AI glasses are exposed for the first time and may be equipped with iris payment capability
36 Kr learned that on September 10, the new Qwen AI glasses were reportedly spotted in the AI Payment Exhibition Area of the 2026 Bund Conference. The glasses are largely wrapped in black shielding material, and more functional and hardware details cannot be confirmed for the time being. However, according to the content of the exhibition area, the new product may introduce iris recognition capability for the first time, which will further improve the payment security and interaction convenience of AI glasses through more accurate identity matching.
Kr Major Events
Kr Major Events Short Video Column, provides vivid interpretations of major events in the business world. The foldable products have cut down configurations, and the entire Pro lineup has raised prices. I have found that what Apple did not mention at its launch event is the real core point.
Compiled｜Grape