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According to the announcement from Yushu Technology, the company's application for the initial public offering of stocks and listing on the Sci-Tech Innovation Board has been approved for registration by the China Securities Regulatory Commission. The final issuance price is 150.8 yuan per share, with a total issuance of 40.4464 million shares.The subscription and payment work for this issuance ended on August 12, 2026. The final online issuance winning rate was 0.01809759%, with online investors giving up on subscribing for 8,734 shares, and offline investors giving up on subscribing for 0 shares. The number of shares given up was fully underwritten by the sponsor (lead underwriter), with an underwriting amount of 1.3171 million yuan, accounting for approximately 0.02% of the total scale of this issuance. The total issuance expenses amounted to 182 million yuan.

JD Group released its Q2 2026 financial report, with revenue of 346.4 billion yuan (approximately 51.1 billion USD), a year-on-year decrease of 2.9%, mainly affected by the high base from the same period last year; operating profit of 4.5 billion yuan, compared to a loss of 900 million yuan in the same period last year, with an operating profit margin of 1.3%; net profit of 7.1 billion yuan (approximately 1.1 billion USD), a year-on-year increase of 15%; Non-GAAP net profit of 8.9 billion yuan (approximately 1.3 billion USD), a year-on-year increase of 20%. JD Retail's operating profit was 13.5 billion yuan, with a profit margin of 4.6%, setting a new high for the promotional season; JD Logistics revenue was 64.1 billion yuan, a year-on-year increase of 24%, and JD Takeout's losses significantly narrowed year-on-year. R&D expenses increased by 37.7% year-on-year to 7.3 billion yuan, mainly invested in AI technology capabilities and talent. In the first half of the year, approximately 2.5% of common stock was repurchased, amounting to 1 billion USD, with a remaining repurchase quota of 1 billion USD.In terms of business, JD MALL has opened 30 stores nationwide, completing the strategic layout in first-tier cities; a strategic cooperation was reached with Chanel to open an official flagship store; Costco has settled in JD to open the only official e-commerce flagship store in China. The AI intelligent entity JoyInside has collaborated with nearly 200 brands, with the number of connected devices increasing more than three times compared to last year's Double Eleven. JD Logistics' unmanned vehicles have been operating regularly in over 20 provinces. JD Health's AI intelligent entity "Dawei Doctor" served nearly four times more users during the 618 period year-on-year. By the end of the quarter, the total number of employees in the JD ecosystem exceeded 900,000, with total human resources expenditure reaching 171.7 billion yuan in the past 12 months.

According to the Science and Technology Innovation Board Daily, deep-sea robotics company Deep Sea Intelligent has announced the completion of over 500 million yuan in Series A financing. New shareholders include Guanghe Venture Capital, Dacheng Financial Intelligence, Jiyuan Capital, Yida Capital, Zhongbao Investment, China Electronics Technology Group Investment, and Total Energy as the funding entity of the energy technology fund managed by Kaihui Fund Management.At the same time, a number of existing shareholders, including Zhengxuan Investment, Yunze Capital, Yunshi Capital, Gaojie Capital, and Xingzhi Capital, have significantly increased their investments.

Tencent Holdings released its Q2 2026 financial report, with revenue of 204.79 billion yuan, a year-on-year increase of 11%, slightly exceeding market expectations; Non-IFRS net profit was 68.4 billion yuan, a year-on-year increase of 9%; profit attributable to equity holders of the company was 56.022 billion yuan, a year-on-year increase of 0.7%. Capital expenditure was 52.78 billion yuan, a year-on-year increase of 176%, far exceeding the market expectation of 32.14 billion yuan, mainly used for AI infrastructure investment. The free cash flow for the quarter was negative 13.8 billion yuan; excluding prepayments for AI computing power purchases, free cash flow was 37.6 billion yuan.In terms of business, value-added services revenue was 98.4 billion yuan, a year-on-year increase of 8%, with domestic game revenue at 47.3 billion yuan, a year-on-year increase of 17%, significantly contributed by "Delta Action," "Valorant," and "Lock Kingdom: World"; international market game revenue was 18.6 billion yuan, down 0.8% year-on-year due to exchange rate effects, but up 4% year-on-year when calculated at constant exchange rates. Marketing services revenue was 43.6 billion yuan, a year-on-year increase of 22%, making it the fastest-growing segment; financial technology and enterprise services revenue was 60.3 billion yuan, a year-on-year increase of 9%.Regarding AI products, the report specifically mentioned that WorkBuddy achieved rapid user growth and a healthy user retention rate, with strong user willingness to pay. Its market-leading position is attributed to its strong harness engineering capabilities, a rich selection of models, and an industry-leading skill library. The official version of Hy3 saw a more than 68-fold increase in usage in the week following its launch compared to the previous generation, consistently ranking among the top three globally in terms of OpenRouter token consumption, with plans for a larger parameter scale Hy4 to be released soon. The AI agent Xiaowei within WeChat has initiated a small-scale gray testing. Excluding the contribution from new AI products, Non-IFRS operating profit increased by 19% year-on-year to 86.1 billion yuan. By the end of the quarter, the company's net cash decreased from 146.9 billion yuan at the end of March to 58.2 billion yuan.

According to market news, GAC Group's humanoid robot company, Huilun Technology, announced the completion of over 100 million yuan in financing, jointly invested by CRRC Guochuang Fund, CMB International, Sichuan Science and Technology Innovation, and other institutions.The funds raised in this round of financing will be used for continuous optimization of vertical models, expansion of automotive production lines and comprehensive service scenarios, promoting the large-scale commercialization of humanoid robot systems and core components. GAC Group began laying out the humanoid robot track in early 2022 and incubated Huilun Technology in February 2026, establishing it as an independent industrialization entity to fully undertake GAC's humanoid robot research and development and commercialization business, successively launching four embodied robot products including GoMate and GoMate Mini.

Qianwen's former technical director Lin Junyang announced the establishment of a new company, Pragmatic Technology, in Shanghai, focusing on the research direction of next-generation intelligent agents that span the digital and physical worlds.He also revealed that Gao Rong Venture Capital and HSG (Sequoia China) jointly led this round of financing, with support from Tencent and the Shanghai Future Industry Fund. According to informed sources, the "this round of financing" mentioned by Lin Junyang refers to the angel round financing of Pragmatic Technology, with a valuation of 2 billion dollars.

Yushu Technology announced the preliminary offline allocation results of its initial public offering and the online lottery results for listing on the Sci-Tech Innovation Board.There are a total of 19,414 winning numbers, and each winning number can only subscribe for 500 shares of Yushu Technology A-shares.

According to Qilu Evening News, a new type of virtual currency "staking mining" scam has recently emerged. Scammers create a perfect persona through long-term friendships on social platforms, chatting with victims for one to two months to build trust. They then guide victims to switch to overseas private communication software such as WhatsApp and Discord, inducing them to download fake mining platforms and sign contracts for authorization. Using the asset transfer permissions from the contracts, they quietly transfer funds from the victims' accounts in the background.The scammers never mention sensitive words like "investment" or "financial management," packaging the scam as "idle computing power staking mining," claiming zero risk and stable returns, and using small rebates to entice victims to increase their investments. Currently, most victims are young people with side job needs, with known losses exceeding 3 million yuan, and the highest individual loss exceeding 300,000 yuan. Victims are spread across many regions of the country. Lawyers remind that virtual currency transactions are not protected by law, and any strangers on social platforms inducing a switch to overseas software or requesting wallet authorization for unfamiliar contracts should be regarded as scams. Do not make secondary transfers.

The domestic GPU manufacturer Moore Threads released its semi-annual report for 2026, with revenue of 1.736 billion yuan, a year-on-year increase of 147.42%. The net profit attributable to the parent company was a loss of 11.56 million yuan, narrowing by about 259 million yuan compared to the same period last year; the net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 151 million yuan, narrowing by 52% year-on-year. Revenue in the second quarter was approximately 999 million yuan, a quarter-on-quarter increase of 35.4%. Research and development expenses were 769 million yuan, accounting for 44.3% of revenue. The company stated that the improvement in performance was driven by the demand for AI computing power and the accelerated commercialization of the Kuage Intelligent Computing Cluster.As of the end of the quarter, the book value of inventory was 3.55 billion yuan, an increase of 166.5% compared to the end of last year, reaching a four-year high. The company stated that this was due to proactively increasing stock to meet market demand. On the same day, Moore Threads announced plans to issue H shares and list on the main board of the Hong Kong Stock Exchange, just about 8 months away from its listing on the Sci-Tech Innovation Board in December 2025. If successful, it will achieve an "A+H" layout. The announcement stated that this issuance still requires approval from the shareholders' meeting and regulatory approval, which carries uncertainty. Another domestic GPU manufacturer, Muxi Co., has already launched its H share plan in June, with a shorter interval. Moore Threads is accelerating the development of the new generation "Huagang" architecture and the Huashan and Lushan chips. In the first half of the year, the net cash outflow from operating activities was 2.169 billion yuan, an increase of about 86% year-on-year.

Yushu Technology was founded in 2016 and received seed round investment from early angel investor Yin Fangming, who invested 2 million yuan for a 15% equity stake, marking Yushu Technology's first external investment at that time.After several rounds of financing dilution, as of the IPO, Jun Wan Hong Yi, controlled by Yin Fangming, held 11,174,900 shares, with a shareholding ratio of approximately 2.76%, making him the tenth largest shareholder of Yushu Technology. Based on an issuance market value of 61 billion yuan, the market value of his shares is approximately 1.685 billion yuan. Compared to his initial investment of 2 million yuan, he netted 1.683 billion yuan, achieving a return rate of 841.5 times.

Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.

According to the industry analysis platform Hello China Tech, as of June 2026, there are a total of 8 humanoid robot-related companies in China with valuations reaching or exceeding 20 billion yuan (approximately 2.9 billion USD), of which 5 companies have valuations primarily based on models rather than shipment volumes, with annual shipment volumes still maintaining at the hundreds level. In the second quarter, the financing amount in the humanoid robot field reached 6.95 billion USD, more than double that of the previous quarter.The report points out that the data collection costs vary significantly across different stages: the hourly wage for frontline operators is about 20 to 40 yuan, approximately 25 yuan when outsourced; the internal cost for companies involving robots is about 250 yuan; and the data price from government-supported training bases reaches 500 to 1000 yuan. However, the data produced through different collection methods (wearable devices and robot involvement) shows significant differences in quality and training effectiveness, with only about 50 hours of usable data from 100 hours of raw collection. The data measurement units used by different companies (hours, trajectories, skills, etc.) are incompatible, and there is a lack of independent auditing, leading to considerable uncertainty in valuation bases. It is believed that the industry urgently needs to establish a unified data asset measurement standard.

DeepSeek's parent company, DeepSeek, completed the first round of signing for a new financing round on August 10 in Hangzhou. This round of financing has a scale of 50 billion yuan, corresponding to a pre-investment valuation of about 500 billion yuan, which is an increase of over 40% compared to the first round of financing completed in June (with a valuation of about 350 billion yuan). The earliest deadline for the first batch of fund delivery is August 30.This round of financing has a minimum investment threshold of 5 billion yuan, and the funds will mainly be used for computing power investment, model research, human resource expansion, and potential preparations for domestic listing. The fund entry paths are divided into two: part will directly enter DeepSeek's parent company, and part will enter a limited partnership controlled by founder Liang Wenfeng. Previously, DeepSeek briefly paused financing contacts at the end of July and resumed in early August. The new version of the model, DeepSeek-V4-Flash, was officially launched on July 31. According to OpenRouter data, the model reached a call volume of 72.2 trillion tokens in its first week, topping the global charts. The company has recently announced plans to raise API pricing and introduce a peak and off-peak pricing mechanism.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "National Bank Open: Liudmila Samsonova vs. Elena Rybakina," the sub-market "Total Games: Over/Under 2.5" saw the winning probability of the "Over 2.5" option fluctuate dramatically, soaring from 43% an hour ago to the current 75% (a fluctuation of 32%). Please note the impact of related breaking news.

Yushu Technology will launch its new stock subscription on Monday. According to public information, its issue price is 150.8 yuan, corresponding to an issue market value of approximately 61 billion yuan.According to on-chain analyst Yu Jin (@EmberCN), currently, the pre-market contract price on the Hyperliquid platform is about 88 USD (approximately 587 yuan), corresponding to a market value of about 237.4 billion yuan, which is about 3.9 times higher than the valuation corresponding to the issue price. Based on the pre-market price calculation, if one wins a subscription for 500 shares, the potential profit is about 220,000 yuan. In addition, based on the maximum subscription of 12 lots, the probability of winning one lot is about 0.3%.

According to the Dongguan Release public account, the Dongguan Hengli police successfully intercepted a virtual currency investment fraud case, preserving 1.1 million yuan in cash just 5 minutes before the victim's offline transaction with the fraudster, thus avoiding significant economic losses.It is understood that the victim, Ms. Li (pseudonym), previously met an unfamiliar online acquaintance who lured her with "internal investment channels for virtual currency," promising low thresholds and high returns, and created a false impression of investment profits through forged profit screenshots. Subsequently, the fraudster induced Ms. Li to withdraw 1.1 million yuan in cash under the pretext of "needing to exchange cash for USD recharge" for payment. After discovering risk clues, the Dongguan police quickly activated the early warning interception mechanism, organized police forces to rush to the bank to dissuade her, and ultimately successfully prevented the fund transfer before the transaction.

According to Gate market data, the Shanghai Gold Exchange gold T+D rose 0.72% in the evening session on August 7, reporting 930.59 yuan/gram; silver T+D rose 2.44% on the same day, reporting 15,517 yuan/kilogram.

According to the "China Securities Journal," at the online investor communication meeting for the Sci-Tech Innovation Board listing of Yushu Technology, an investor asked, what impact does the U.S. robot sales ban have? Fu Fenghua, the secretary of the board of Yushu Technology, responded that the main models currently on sale include humanoid robots G1, H2, R1, and quadruped robots Go2, B2, A2, all of which have obtained FCC certification and fall under the advanced robotic equipment mentioned in the previous announcement. Therefore, the aforementioned policy change will not affect the continued sales of the company's existing main products in the U.S. market.