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Technology industry and product news from Chinese media.

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QbitAIai

Claude's Most Powerful Fable 5.1 Released, with 8 Record-Breaking Features, Up to 45% Discount, and Anti-Distillation Mechanism Launched

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6 min read
Huxiufinance

PBOC and Financial Regulator Jointly Issue Document: Maximum Term for Personal Housing Loans Extended to 40 Years

On Aug. 28, 2024, the People's Bank of China and the National Financial Regulatory Administration jointly issued guidelines extending the maximum term for individual mortgage loans from 30 years to 40 years. Several banks have already accepted applications from new customers, while existing borrowers must wait for detailed rules. Total interest payments will increase.

1 min read
Huxiumarkets

SHEIN Debuts on Hong Kong Stock Exchange with Slight Drop on First Day, Prospectus Reveals Slowing Growth and Platform-Based Transformation

On September 1, fast-fashion brand SHEIN listed on the Hong Kong Stock Exchange, with its stock price slipping 0.12% on the first day. According to its prospectus, the company's net revenue growth slowed from 41.1% to 8.0%, with a decline in net profit margin, slower user growth and order frequency, as it seeks new growth through regional expansion and platform-based transformation.

1 min read
Huxiuai

Starting from Tsinghua University President's "First Lesson of the New Semester": All Large Models Can Program, Why Do Students Still Need to Learn Themselves?

On August 27, Tsinghua University President Qiu Yong introduced in the first graduate class that despite the powerful programming capabilities of large language models, students still need to learn programming to cultivate their judgment and evidence-based abilities. The article emphasizes that AI is a magnifying glass, which can amplify capabilities as well as laziness, and hands-on practice is the key to forming judgment.

16 min read
Huxiumarkets

NIO Took Two Hits

NIO's revenue in the second quarter of 2025 reached 32.1 billion yuan, up nearly 70% year-over-year, but net profit widened 59% quarter-over-quarter to 528 million yuan, with adjusted net profit at only 26.1 million yuan. The market reacted negatively, with the stock price falling 40% over the past five months, and the market capitalization shrinking from 1 trillion Hong Kong dollars to 769 billion. Rising costs, stagnant sales, and a decline in the performance of the ALPS brand weighed on the results.

12 min read
Huxiufinance

Interest rates fell, yet some banks saw fixed deposits surge against the trend — Agricultural Bank of China's personal fixed deposits rose by 942.2 billion yuan from year-end, ICBC added 1 trillion yuan year-on-year... Corporate fixed deposit balances also jumped sharply.

As of the end of August 2026, 42 A-share listed banks have disclosed their semi-annual reports. The balance of regular deposits continued to grow, but the interest rates paid by banks generally decreased, mainly due to the concentrated repricing of high-interest time deposits from earlier periods. Agricultural Bank's personal deposits increased by 94.22 billion yuan from the end of last year, while Industrial and Commercial Bank's average personal deposit balance increased by 10 billion yuan year-over-year, and the industry's net interest margin rose by 1 basis point month-over-month.

8 min read
Huxiueconomy

I collected 1,259 McDonald's receipts — ordinary people's weigh 0.5 grams, homeless people's less than 0.3 grams.

On July 18, 2026, artist Ma Yujiang shared four art projects inspired by his personal struggles during a talk at Yixi in Hangzhou, including painting his mother's portrait, rubbing Hong Kong street signs, collecting McDonald's receipts, and buying expired food. He explained his artistic philosophy of "living life"—consciously transforming life itself into art rather than directly changing the world.

21 min read
Huxiufinance

Tightening of US Financial Conditions Is Unavoidable

On August 28, 2026, after Powell's hawkish speech at the Jackson Hole annual meeting, the 10-year US Treasury yield rose to 4.81%, a new high for the year, due to deteriorating Middle East tensions and inflationary pressures. The market questioned Powell's failure to deliver on his promise to respond to inflation with short-term interest rates in a timely manner, and his policies of tightening financial conditions and reclaiming short-term pricing power sparked dissatisfaction on Wall Street.

8 min read
Huxiueconomy

Dress Shoes Are No Longer Selling, What Kind of Shoes Are Chinese Men Buying Now?

From 2025 to 2026, domestic leather shoe brands such as Aokang International saw sustained revenue declines, with cumulative losses exceeding 900 million yuan and thousands of store closures. Euromonitor International data shows China's men's footwear market is stable in size, yet the top 10 brands are all athletic labels, as consumers shift from formal leather shoes to sports and outdoor footwear.

6 min read
Huxiumarkets

A whistleblower letter sent to the EU, why is it a hundred times more effective than domestic labor arbitration?

In August 2026, A-share automotive lighting company Xingyu Shares terminated contracts with 107 college graduates after the fall recruitment season, triggering an international supply chain compliance review. Following a report, Mercedes-Benz and Volkswagen intervened in the investigation, and the company publicly apologized and increased compensation, with its market value evaporating by over 5.3 billion yuan.

12 min read
Huxiumarkets

Zhixu's Moocow Model Sees Revenue Soar 400%, Is the Boom Real?

Zhixu AI released its financial report for the first half of 2026, with revenue of 954 million yuan, up 399.7% year-over-year, of which MaaS open platform and API business revenue was 825 million yuan, accounting for 86.5%, up from 15.2%. The cost of token inference per unit decreased by 80%, and the gross margin increased from -0.4% to 24.6%. However, research and development expenses of 2.13 billion yuan were still much higher than gross profit, resulting in an expanded operating loss, and the annual recurring revenue of $1.6 billion faces the risk of being overstated.

10 min read
Huxiuev-manufacturing

Beware: Outsourcing is Turning Workers into Disposable Commodities, and Bosses are Getting Hooked

Based on field investigations and media reports from 2020 to 2025, this article analyzes how manufacturing factories respond to order fluctuations through outsourcing recruitment, labor dispatch, and rebate mechanisms, pointing out that while this model brings short-term flexibility, it leads to high worker turnover, low skills, and long-term costs borne by workshops, causing a decline in factories' labor capacity and forming a vicious cycle of outsourcing dependence.

10 min read
Huxiufinance

FinTech Empowers Regional Economic Growth and Coordinated Development

Based on multi-source big data, this article analyzes the current state of China's financial technology enabling regional economic growth and coordinated development, pointing out three major challenges: insufficient innovation and R&D, regional differences in human capital, and unbalanced regional development. It explains the intrinsic logic of financial technology enabling coordinated regional development by incentivizing R&D innovation, driving talent dividends, and amplifying regional spillover effects. The article also proposes policy suggestions to address issues such as regional financial technology gaps, hindered effects in underdeveloped areas, shortages of composite talents, and imperfect regulatory systems.

19 min read
Huxiuanalysis

No need to wait for leftover rice, a good fried rice dish holds the thermal magic of rice and water

The article explores the technical principles behind various types of fried rice-specific rice, including moderately hydrothermal tempered rice, steamed glutinous rice, reconstituted extruded rice, and konjac rice, analyzing how they achieve distinct grain separation, their impact on GI value, and nutritional characteristics, while highlighting the limitations and applicable scenarios of different processing methods.

15 min read
Huxiuev-manufacturing

Green Momentum Surges: As Photovoltaics Overtake Coal-Fired Power for the First Time...

By the end of July 2026, China's installed photovoltaic power capacity reached 128.6 billion kilowatts, surpassing coal-fired power to become the largest source of electricity for the first time. However, photovoltaic power generation accounted for only 12.5% of total power generation, with utilization hours significantly lower than those of coal-fired power. Frequent occurrences of negative electricity prices during peak hours have led to the designation of grid-access restriction zones in multiple regions and the suspension of distributed photovoltaic project filings. Coal-fired power has been sustained by the capacity pricing mechanism, while the photovoltaic manufacturing industry has seen plummeting prices and collective losses among leading enterprises. The low utilization rate of energy storage also relies on the improvement of the electricity pricing mechanism. In the future, issues related to power consumption, electricity prices, and manufacturing profits need to be addressed.

1 min read
Huxiustartups

The era of competing for headquarters is over, they rent houses under DJI Building to poach talent, no clear direction, but offer 20 million first...

In 2025, a wave of entrepreneurship among former DJI employees erupted, with nearly 20 companies founded by ex-employees securing over 3 billion yuan in funding. Capital is chasing talent from the DJI ecosystem due to its full-stack hardware capabilities and universal motion control technology, which can be transferred to multiple hardware tracks.

28 min read
Huxiustartups

China's Tourist Attractions' "Violent Ugliness": Spending the Most Money to Create the Ugliest Scenery

In 2026, the Ministry of Culture and Tourism singled out scenic spots such as Daocheng Yading for their shuttle bus issues, while Huangguoshu Waterfall was exposed for installing artificial fountains, reigniting discussions on the over-commercialization and aesthetic homogenization of China's scenic areas. The article notes that scenic areas are using uniform check-in facilities like glass walkways, sky mirrors, and giant statues to attract tourists, resulting in the destruction of natural landscapes and the erasure of cultural characteristics, giving rise to the phenomenon of "violent ugliness".

16 min read
Huxiutech

UD Robotics: Can the "First Stock of All-Scenario Commercial Service Robots" Story Hold Up to Scrutiny? | IPO Prospectus Breakdown

On August 31, 2026, Youdi Robotics launched its global offering, with plans to list on the Hong Kong Stock Exchange on September 9. The prospectus shows revenue has increased consecutively to 318 million yuan, with narrowing losses, but the average price of its main products has been cut in half over three years, accounts receivable turnover days have lengthened, and its all-scenario positioning faces multi-line competition. Its transformation path to AI vision and RaaS provides a ledger-style example for robot IPOs.

2 min read
Huxiutech

China's Solar Power Generation Achieves Historic Breakthrough

By the end of July 2026, China's installed photovoltaic power capacity reached 1.286 billion kilowatts, surpassing coal power for the first time to become the country's largest power source. However, the PV industry chain still faces challenges such as narrowing profit margins and insufficient grid absorption, prompting the sector to accelerate the elimination of inefficient capacity through technological iteration and policy guidance.

2 min read