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He Xiaopeng, Chairman of XPeng Inc., stated at the 2026 semi-annual financial report meeting that the humanoid robot IRON plans to enter large-scale production by the end of this year and will implement commercial scenarios in XPeng stores and parks. In 2027, IRON will officially launch, targeting external customers in the retail and service industries, with large-scale deliveries in China and overseas, and monthly production capacity can quickly increase to several thousand units. He has also served as the CEO of the robotics business since June of this year, integrating resources such as the automotive supply chain, automotive-grade manufacturing, global layout, and Turing AI chips to promote mass production and commercialization.On the same day, XPeng announced that its humanoid robot business has secured over $900 million in its first round of financing, with a post-investment valuation exceeding $6.3 billion. IDG led the investment, with Gao Rong Venture Capital, Tencent, Alibaba, and others subscribing for $600 million, while XPeng Inc. and senior executives including He Xiaopeng subscribed for $300 million. He Xiaopeng believes that the technical threshold for advanced general-purpose robotics is at least 20 times that of smart cars, and the revenue and gross profit over the entire lifecycle of a single unit will be significantly higher than that of cars, expecting considerable gross profit after mass production to support physical AI research and development.The pre-installed mass-produced Robotaxi equipped with the second-generation VLA has completed over 2,000 internal test orders in Guangzhou, and XPeng has completed the development of the cloud takeover platform, aiming to achieve passenger operations without safety personnel next year. The automotive business generated total revenue of 32.78 billion yuan in the first half of the year, delivering 166,000 vehicles, with a gross margin of 20.6%; it is expected to deliver between 115,000 and 121,000 vehicles in the third quarter, with total revenue between 21.7 billion and 23.4 billion yuan.

Xpeng Motors (NYSE: XPEV) robotics subsidiary has signed a share purchase agreement with investors, aiming to raise over $900 million, with a post-investment valuation exceeding $6.3 billion. Xpeng stated that this is the largest single financing completed by a Chinese company in the robotics field to date. The financing round was led by IDG Capital, with strategic follow-on investments from Tencent and Alibaba, and participation from Gao Rong Capital and others.In terms of financing structure, external investors contributed approximately $600 million, Xpeng's subsidiary contributed about $200 million, and CEO He Xiaopeng along with co-president Gu Hongdi's related entities contributed around $100 million. Xpeng will retain about 82% of the controlling stake and consolidate this business. The funds will be used for the research and development of the flagship humanoid robot IRON, the construction of embodied intelligence and data capabilities, as well as mass production and business expansion aimed for the end of 2026. IRON is equipped with Xpeng's self-developed robotics and AI-specific chips.This subsidiary is part of Xpeng's robotics platform Dogotix (Xpeng robotic dog/humanoid robot related entities). Alibaba and Tencent had previously participated as Pre-IPO investors in the financing of the Chinese humanoid robotics company Yushu Technology.

Xiaomi officially released the Xuanjie O3 chip. The new generation Xuanjie O3 is the world's first flagship mobile processor (SoC) that supports LPDDR6 memory chips. According to reporters from the Financial Associated Press, domestic storage leader Changxin Storage (CXMT) is a core partner for Xiaomi's Xuanjie O3 LPDDR6 memory.In March this year, there were reports that Changxin LPDDR6 had sent samples to key customers, and in early August, multiple media outlets reported that it was nearing the end of verification. With the launch of the Xuanjie O3, this marks the first application of domestic LPDDR6 chip products in flagship processors, which also means that domestic low-power memory has officially entered the global top tier.

According to Gate market data, the Hong Kong stock market opened with the Hang Seng Index rising 0.46% and the Hang Seng Tech Index rising 0.18%. Xpeng Inc. opened down 8.18% after its earnings report, while Li Auto opened up 2.57% after its earnings report.

According to Reuters, Xiaopeng Group's humanoid robot business has signed equity financing agreements with multiple investors, raising over $900 million, with a post-investment valuation exceeding $6.3 billion, setting a record for single-round private equity financing in China's embodied intelligence industry.This round of financing was led by IDG Capital, with participation from Gao Rong Capital, and received support from two strategic investors, Tencent and Alibaba. The funds raised in this round will primarily be used for software and hardware research and development of Xiaopeng's robot business, physical AI model training and iteration, high-quality data collection, construction of a full-chain mass production base, and global commercialization expansion.

B.AI platform announces that Xiaomi's open-source flagship multimodal model MiMo-V2.5 is officially available for free access. As a 310B sparse MoE native multimodal large model, MiMo-V2.5 supports full multimodal input of text, images, videos, and audio, and features a 1M ultra-long context window with rapid response capabilities, deeply optimized for high-intensity practical scenarios such as multimodal agents, audio and video intelligent analysis, and general programming.Starting today, developers can unlock Xiaomi's cutting-edge multimodal model capabilities at zero cost through the B.AI platform API official group, with no barriers to integrating top-tier multimodal capabilities into their applications and workflows. Log in now at chat.b.ai/chat to experience the new multimodal intelligent experience brought by Xiaomi MiMo-V2.5 for free.

The B.AI platform announces that Xiaomi's self-developed MiMo series models are officially online with API services, with the first batch opening up the MiMo-V2.5 and MiMo-V2.5-Pro models.Among them, MiMo-V2.5 is a 310B sparse MoE native multimodal model that supports multimodal input of text, images, audio, and video, as well as 1M ultra-long context, specifically designed for multimodal agents and general programming scenarios; MiMo-V2.5-Pro reaches a parameter scale of 1.02T sparse MoE, positioned as a flagship text model, focusing on complex reasoning and long-cycle software engineering, achieving a high score of 78.9 in the SWE-Bench Verified benchmark test.Starting today, developers can call the two models through the B.AI API, supporting both official group access and self-selected service provider dual modes, with discounts as low as 40%.

Xiaomi Group released its Q2 2026 financial report, with revenue of 108.9 billion yuan, a year-on-year decrease of 6.1%, and a quarter-on-quarter increase of 9.9%; adjusted net profit was 6.2 billion yuan, a year-on-year decrease of 42.6%, and a quarter-on-quarter increase of 2.4%. The revenue from the Mobile × AIoT segment was 84 billion yuan, with a gross margin of 20.0%; the revenue from the smart electric vehicle and AI innovation business segment was 24.9 billion yuan, a year-on-year increase of 17.1%, with a gross margin of 19.2%, and this segment incurred an operating loss of 2.6 billion yuan.Smartphone shipments reached 31.2 million units, maintaining a top-three global ranking for 24 consecutive quarters, with ASP increasing by 25.9% year-on-year to a historic high of 1,351 yuan. Revenue from IoT and lifestyle consumer products was 31.3 billion yuan, and internet service revenue was 9 billion yuan, with a gross margin of 76.8%. The AIoT platform has connected devices totaling 1.161 billion, a year-on-year increase of 17.4%, with the Mi Home APP having 124 million monthly active users and Xiao Ai having 175 million monthly active users.The automotive business delivered 104,200 vehicles, a year-on-year increase of 28.2%, with cumulative deliveries of the SU7 series exceeding 500,000 units. R&D expenditure was 9.2 billion yuan, a year-on-year increase of 18.9%, with R&D personnel accounting for 47.2%. The Xiaomi MiMo-V2.5 base model ranked first in weekly usage on the OpenRouter platform. The group has accumulated over 47,000 global patents. Since 2026, the stock repurchase amount has been approximately 11.7 billion Hong Kong dollars.

Pony.ai's U.S. stock rose 5% in pre-market trading, with total revenue in the second quarter increasing by 68.8% year-on-year.

According to the Financial Times, citing two informed sources, regulators are preparing to lift the exit restrictions on Manus founder and CEO Xiao Hong and others. Xiao Hong has informed employees that he plans to return to Singapore soon.Xiao Hong and Manus co-founder and chief scientist Ji Yichao were asked to stay in the country in March this year. At that time, regulators were investigating whether Meta's acquisition of Manus violated relevant regulations. In April, regulators requested Meta to withdraw the approximately $2 billion acquisition.Manus has officially confirmed this week that it will resume independent operations. The split plan is also taking shape. Original shareholders such as Tencent, ZhenFund, and HSG will participate in the buyback, and Tencent will also acquire most of Benchmark's shares, becoming the largest single shareholder of Manus, but its stake will not exceed 50%. Manus will not be merged into Tencent and will continue to operate independently in Singapore.The final plan still requires approval from regulatory authorities. From the current plan, regulators are requesting the dismantling of Meta's acquisition relationship with Manus, but they have not asked Manus to relocate its business.

According to an exclusive report from "Du Jia," Xiaohongshu is developing a brand new "AI Shopping Guide" feature, which relies on a conversational interaction model to directly push product cards and attach order jump links in Q&A scenarios. This project is led by Daoxuan (Pan Boyuan). As of the time of publication, Xiaohongshu has not responded.Previously, Xiaohongshu launched an AI summary feature in store reputation, and this AI shopping guide is a further extension of its intelligent transaction chain. According to public data, Xiaohongshu has approximately 400 million global MAU, with 39 million users engaging in explicit purchasing behavior daily, resulting in 140 million active purchase requests, over 47 million users entering merchant live streams, and more than 170,000 merchant group chats remaining active. During the 618 period, the GMV of store broadcasts increased by 265% year-on-year, and note content drove transaction growth of over 210%.Xiaohongshu currently adopts a dual transaction model of "internal marketplace closed loop plus external traffic diversion," and there is still room for improvement in the direct order conversion rate within the platform. The launch of the AI shopping guide feature is expected to further enhance its internal e-commerce GMV and revenue.

According to Hongxing News, Hu Xiaowei, a core figure of the Prince Group, left Japan on July 29 and was deported to the United States. The Federal Bureau of Investigation (FBI) has contacted him, and subsequent investigations will be conducted in the United States.The report states that Hu Xiaowei previously used a Cypriot passport in Japan and operated under the name "Hu Shi." In June of this year, he was arrested by Japanese police for allegedly violating Japan's Immigration Control and Refugee Recognition Act. On July 24, the Japanese prosecution filed a summary indictment against him and imposed a fine equivalent to approximately 100,000 yuan.Public information shows that Hu Xiaowei has also operated under names such as Hu Yanming and Hu Shi. The report indicates that relevant agencies believe these identities belong to the same person.

SK Hynix announced that it will officially begin mass production of 16Gb LPDDR6 low-power mobile DRAM in the second half of this year, with the first products set to be featured in Xiaomi's next-generation flagship smartphone. The product was developed in March and utilizes 10nm class sixth-generation (1c) technology, offering improvements in data processing speed and energy efficiency compared to the previous generation. SK Hynix has been supplying LPDDR products to Xiaomi since 2013, maintaining a long-term partnership.LPDDR is primarily used in mobile devices such as smartphones and tablets, combining low power consumption with high performance. Recently, driven by demand from AI servers, LPDDR prices have continued to rise, with contract prices increasing steadily, leading to a 64.5% quarter-over-quarter growth in global mobile DRAM revenue in the first quarter. SK Hynix and Samsung Electronics are ahead of Micron in preparing for the mass production of LPDDR6. Additionally, the mass production of LPDDR6 is expected to accelerate competition in the SO-CAMM (low-power memory module) market, which is seen as a complementary solution for AI server CPUs. NVIDIA CEO Jensen Huang visited the SK Hynix booth at the Taipei International Computer Show in June, leaving a message of "LOVE SOCAMM" for the 192GB SO-CAMM.

According to the official announcement, Bitget has launched Quanto perpetual contracts for Tencent (TENCENT), Zhipu AI (ZHIPU), and Xiaomi (XIAOMI), supporting up to 20 times leverage and 24/7 trading.TradFi Quanto perpetual contracts allow users to trade Hong Kong stocks and other overseas stocks priced in currencies other than USD directly using USDT, without the need to exchange foreign currency throughout the process. The contracts are quoted in Hong Kong dollars, while the margin deposit and profit and loss settlement are completed in USDT, effectively avoiding additional risks brought by exchange rate fluctuations while simplifying the trading process.

According to reports from Yicai, there are many rumors that "Xiaohongshu secretly submitted an IPO application before the end of June," but it was hindered by former employees reporting its "compliance issues for listing."In response, Xiaohongshu stated: The current circulating information related to the IPO is not true.

According to the official announcement, Gate has added Quanto perpetual contracts, which will be launched for the first time in the stock section on July 21 at 16:30 (UTC+8) for TENCENTHKD (Tencent Holdings 00700.HK), ZHIPUHKD (Zhiyuan 02513.HK), MINIMAXHKD (MINIMAX-W 00100.HK), and XIAOMIHKD (Xiaomi Group 01810.HK) Quanto perpetual contracts, supporting 1--20 times leverage.It is reported that the Quanto perpetual contracts support the underlying assets quoted in local fiat currency, with margin and profit and loss settled uniformly in USDT, allowing users to participate in overseas stock derivatives trading, such as Hong Kong stocks, without needing to exchange Hong Kong dollars in advance. This also reduces the impact of exchange rate fluctuations on trading profits, further enhancing the cross-market trading experience.

According to reports from Jiemian News, Kingsoft Cloud will accelerate the construction of GPU computing clusters in the second half of the year to meet the explosive growth in computing power demand from major clients. Among them, Xiaomi's demand for Kingsoft Cloud's GPU computing power has upgraded from a ten-thousand-card cluster, with the related budget significantly increasing from nearly 4 billion yuan to over 10 billion yuan. In addition, Alibaba's large model team has signed a 5-year computing power leasing contract with Kingsoft Cloud, involving more than 3,000 eight-card GPU servers. Based on the contracted price, the annualized revenue after full delivery will exceed 4 billion yuan.To meet the surging customer demand, Kingsoft Cloud's capital expenditure plan for 2026 has been raised to 15 billion yuan, with an annual revenue target of 12.5 billion to 13.5 billion yuan. It is reported that due to tight upstream supply, Kingsoft Cloud is currently only accepting long-term contracts from clients for 3 to 5 years, and some orders are facing delivery delays. Due to concerns about the risk of impairment of high-level card assets, Kingsoft Cloud is currently pausing aggressive hardware expansion, anticipating that the prices of computing hardware may reach a turning point for decline in the third quarter of this year.

According to the official announcement, to meet users' diverse investment needs, Bitget has launched contracts for 7 popular Hong Kong stocks: TENCENT, MEITUAN, NETEASE, XIAOMI, POPMART, SMIC, and GIGADEVICE. The above contracts are all settled in USDT, with a maximum leverage of 20 times.