Pinduoduo Rolls Out “Fastest Next-Day Delivery” as a Core Feature, Directly Challenging Meituan and JD.com
On August 10th, Pinduoduo quietly introduced a new first-tier core entry point on its app’s homepage labeled “Fastest Next-Day Delivery.” Covering high-frequency essentials like fresh produce and daily necessities, this move differs from the past when the “Next-Day Delivery” badge was only algorithmically displayed on product detail pages or in search results. Now, Pinduoduo has elevated this service to a prime spot on the homepage, right alongside its famous “Billion Subsidy” program. This seemingly subtle tweak signals Pinduoduo’s full-fledged assault on the heart of instant retail—a trillion-yuan battleground in China—welcoming yet another heavyweight player to the arena.
Meta Hit with a Whopping $1.4 Trillion Lawsuit—Nearly Matching Its Entire Market Value
On August 10th, reports from CCTV indicated that Meta, Facebook’s parent company, is heading back to federal court this week. Starting August 12th, a lawsuit jointly filed by California, Colorado, Kentucky, and New Jersey will kick off jury selection at the Oakland Federal Court. Prosecutors allege that Meta’s social media platforms are designed to be addictive, causing harm to minors, and are seeking a mind-boggling $1.4 trillion in damages.
That figure is almost equal to Meta’s entire current market cap, marking the largest claim ever made in a global consumer protection lawsuit.
Unitree’s IPO: Meituan and Sequoia Poised to Be the Biggest Winners, While DJI Misses Out on Massive Gains
On August 10th, Unitree Technology officially launched its online and offline subscription process. With an issue price of 150.80 yuan per share, the company’s post-IPO market value stands at roughly 60.993 billion yuan. The total funds raised are close to 6.1 billion yuan, with an issue price-to-earnings ratio of 219.23 times—far exceeding the industry’s static average P/E of 38.56 times.
In this wealth bonanza, Meituan and Sequoia Capital China, thanks to their heavy multi-round investments, are shaping up to be the biggest external winners post-IPO. Meanwhile, DJI, which chose to pull out early, is watching a fortune slip through its fingers.
According to an audit report by RSM China (Rongcheng Certified Public Accountants) for Unitree, back in 2018, DJI’s fund, DJI NewChina PE Fund‑1 L.P, planned to invest 10.1286 million yuan in Unitree’s second capital increase. Upon completion, it would have held about 17% equity, based on a post-investment valuation of approximately 60 million yuan. However, that deal never went through. In 2019, DJI decided to reduce its capital and exited the shareholder list entirely.
Apple’s Foldable iPhone Already in the Works for a Third Generation
On August 10th, renowned tech journalist Mark Gurman revealed in his latest “Power On” newsletter that Apple has locked in a full three-year iteration roadmap for its foldable iPhone. The third-generation model could hit the market as early as 2028.
Gurman noted that the third-gen foldable iPhone’s inner and outer screens will both see slight size increases compared to the first two versions, though he didn’t disclose exact specs.
SK Hynix Responds to Rumors of Selling Its Chongqing Plant
On August 10th, SK Hynix issued a statement addressing market speculation about “a 4 trillion won sale of its Chongqing, China facility.” The company said it is exploring various options to boost its packaging business competitiveness, but emphasized that nothing has been finalized. If any concrete decisions are made, SK Hynix pledged to disclose them either at the time of confirmation or within a month.
Earlier, reports from China News Service citing Bloomberg revealed that insiders said SK Hynix was considering multiple options for its Chongqing plant, including bringing in investors to accelerate business growth. According to those sources, a potential equity sale could value the facility at around $3 billion (approximately 4.2 trillion won).
GameStop Reportedly Plans to Withdraw Its $56 Billion Bid for eBay
According to reports, GameStop is planning to pull its $56 billion acquisition offer for eBay.
It’s understood that GameStop CEO Ryan Cohen is now considering proposing a partnership or joint venture instead, which would allow eBay to tap into GameStop’s network of roughly 1,600 retail stores across the U.S. Insiders suggest this move could help both companies expand their market share in high-margin categories like trading cards and collectibles.
The reports also indicate that GameStop, being one of eBay’s largest shareholders, will seek a seat on eBay’s board of directors.
Back in May, Cohen revealed he had proactively offered around $56 billion to acquire eBay. That same month, eBay turned down the offer, calling it “neither credible nor attractive.”
Sohu’s Q2 2026 Revenue Hits $136 Million, Up 7% Year-Over-Year
On August 10th, Sohu released its unaudited second-quarter financial report for the period ending June 30, 2026. The company’s total revenue for Q2 came in at $136 million, a 7% increase compared to the same period in 2025. Of that, brand advertising revenue was $15 million, while online game revenue reached $116 million.
The report shows that Sohu’s non-GAAP net profit attributable to the company was $500,000, which includes a one-time reversal of approximately $13 million in income tax expenses. For context, the company posted a net loss of $20 million during the same period last year.
Intel Announces Plans to Issue $15 Billion in Common Stock
Intel announced on August 10th its intention to issue $15 billion in common stock. The company plans to use the net proceeds for general corporate purposes, including but not limited to capital expenditures and working capital, to further support its pursuit of future growth opportunities.
In a statement, Intel said that driven by unprecedented investment in AI computing, customers continue to show strong and sustainable demand signals. Advances in emerging areas such as physical AI, specialized chips, advanced packaging, and external foundry services present enormous growth opportunities for the company.
