Huawei Posts 467.8 Billion Yuan in H1 2026 Revenue
August 30 news: According to documents published on the Beijing Financial Assets Exchange and other platforms, Huawei Investment & Holding Co., Ltd. released its 2026 semi-annual report. The report shows that from January to June 2026, Huawei’s operating revenue reached 467.819 billion yuan, a year-on-year increase of 9.55%. R&D investment hit a record high of 121.382 billion yuan, accounting for 25.94% of revenue, up 25.2% year-on-year.
NVIDIA Plans $3.5 Billion Investment in MediaTek
August 31: Reports indicate that NVIDIA will invest $3.5 billion to purchase convertible bonds issued by chipmaker MediaTek.
NVIDIA aims to deepen its long-term partnership with MediaTek, jointly building an AI platform that spans from the edge to the cloud.
ByteDance Raises Doubao Share Price by Nearly 15%
August 31: Citing Yicai, ByteDance has increased the price of its Doubao shares from $14.85 per share in June to $17.02 per share. The company also increased the number of Doubao shares distributed, and employees can now adjust the proportion of Doubao shares in their total compensation package.
Dreame Suing Xiaohongshu? Insiders Say Case Already Withdrawn
August 31: In response to media reports that Dreame Technology’s lawsuit against Xiaohongshu was about to go to trial, insiders told The Paper that the case was withdrawn long ago, and there is no trial scheduled.
On August 30, media reported that Dreame Technology was suing Xiaohongshu, with the case set for hearing on September 8. Media inquiries into court schedules revealed that Dreame Technology (Suzhou) Co., Ltd. filed a lawsuit over reputation rights against Xingyin Information Technology (Shanghai) Co., Ltd. (Xiaohongshu’s core domestic operating entity). The case was scheduled for September 8 at Shanghai Huangpu District People’s Court.
According to legal sources close to Xiaohongshu, the lawsuit stemmed from Dreame’s request for the platform to disclose the real identity of a “self-media” user. Dreame believed the user was infringing on its rights, and suing the platform is a standard legal procedure for “identity disclosure” in online infringement disputes. The account in question reportedly published a post about Dreame’s organizational restructuring back in November last year.
Zhongji Innolight: Plans Share Buyback of 4-8 Billion Yuan, Max Price 1,200 Yuan/Share
Zhongji Innolight announced on August 31 that it plans to repurchase its own shares through centralized bidding, with a total repurchase amount of no less than 4 billion yuan and no more than 8 billion yuan. The repurchase price will not exceed 1,200 yuan per share. The repurchased shares will be used for equity incentive plans or employee stock ownership plans. The buyback period is no more than 12 months from the board’s approval of the repurchase proposal.
Ofilm Clarifies “Asset Stripping” Rumors
On the evening of August 31, in response to earlier media scrutiny regarding the actual controller establishing off-balance-sheet companies, Ofilm disclosed the results of a special verification conducted by an independent third-party institution appointed by its independent directors. The announcement stated that, according to an audit by Shenzhen Xutai Accounting Firm, during the period from January 2023 to June 2026, Ofilm’s dealings with Xinsikao and Xinfeiguang showed:
Transactions and Capital: Related-party transactions were fairly priced, with no non-operating fund occupation;
Personnel and Business: Business boundaries were clear, with no overlapping roles, part-time positions, or commingled compensation;
Technology and R&D: R&D funding, personnel, and assets were strictly independent, with no abnormal circumstances found where the listed company transferred technical materials or R&D results to related parties at low or no cost.
Horizon Robotics: H1 Revenue Hits 2.055 Billion Yuan, Up 32.9% YoY
August 31: Horizon Robotics-W (09660.HK) released its 2026 interim results. In the first half of the year, the company achieved revenue of 2.055 billion yuan, up 32.9% year-on-year; gross profit reached 1.356 billion yuan, also up 32.9%. Product and solution revenue was 926 million yuan, up 14.8% YoY, while licensing and service revenue hit 1.129 billion yuan, surging 52.7% YoY. During the reporting period, shipments of Horizon’s Journey series chips reached 2.218 million units, up 12.1% year-on-year. As of the end of the first half, the company had secured nearly 500 vehicle model design wins cumulatively, including close to 130 for mid-to-high-end intelligent driving models. Horizon expects its cockpit-driving integrated chip “Star” and the vehicle intelligent agent operating system KKClaw to enter mass production in Q4 2026, with the next-generation Journey 7 chip slated for release in 2027.
Over 500 FMCG Brands Surpass 100 Million Yuan in Tmall Sales in H1
August 31 news: Tmall’s Golden Makeup Awards ceremony took place in Shanghai. At the event, data for the past half-year was revealed: the number of FMCG brands surpassing 100 million yuan in sales on Tmall grew to 500, with the number of those achieving double-digit growth increasing 45% year-on-year.
From January to July this year, major beauty groups showed strong growth momentum on Tmall. L’Oréal Group, Estée Lauder Group, and Shiseido Group all posted double-digit growth. Among the TOP 20 brands by transaction volume, 15 achieved double-digit GMV growth, with brands like Estée Lauder, SkinCeuticals, HR赫莲娜, Clarins, and Guerlain seeing GMV growth exceeding 50% year-on-year.
215 Game Licenses Approved in August
The National Press and Publication Administration released the August 2026 approval information for domestic online games on August 31, granting licenses to 209 domestic titles. Additionally, updated approval info for imported online games shows that 6 imported titles received licenses in August. In total, 215 game licenses were approved in August.
