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Qifu Lifestyle Services (HK03686, stock price of HK$0.495, market cap of HK$503 million), which previously reaped huge profits from "gold and silver" investments, has suffered a setback in its precious metal investments this time. On August 17, Qifu Lifestyle Services, a Hong Kong-listed property enterprise, released an updated profit warning announcement, stating that the company's performance has reversed sharply from profit to loss.

Against the grand narrative of China's transformation from a "manufacturing giant" to an "innovation powerhouse", the group led by Li Zexiang has launched an experiment to "mass-incubate" hard technology entrepreneurs.

On August 18, a notable cooling of risk appetite emerged again in the US stock market. The S&P 500 index fell by 0.67%, the Nasdaq index dropped by 1.33%, and the Dow Jones Index slid by 0.22%. All three major indices closed lower for the third consecutive trading session, hitting new two-week lows at the same time. The Nasdaq became the major index with the largest decline, and what is really worth noting is not the index itself, but where capital is withdrawing from and where it is flowing to.

The training of OpenAI's most cutting-edge models has slammed on the emergency brakes "once again"! OpenAI has hit the brakes on the training of its most cutting-edge models. Just recently, OpenAI released a statement noting that the company had previously paused the reinforcement learning (RL) training of its latest model planned for deployment for two weeks.

Genesis AI is betting on the physical-world deployment of AI, and is highly sought after by investors at high valuations. If the capital market's bets over the past two years centered on "making AI learn to think", more and more capital is now betting on the next step: making AI learn to act. Genesis AI is emerging as one of the companies worth close attention in this current Physical AI wave.

Today, the highly anticipated Unitree Robotics will officially make its debut on the STAR Market of the Shanghai Stock Exchange. The capital market's enthusiasm for humanoid robots barely needs any proof. From dense financing in the primary market to expected hype in the secondary market, this track has been repeatedly brought to the table, yet the market has never found a core anchor for pricing this sector. Unitree's prospectus provides the most complete "draft" to date.

Today's Hot News Guide Starting from August 18, Alibaba's Qianwen Office is connected to WeCom Former Anta CEO Xu Yang responds to his resignation for the first time Tesla is reportedly preparing to launch CyberCab to the public in August Apple makes a rare concession: it admits that its hundred-billion-dollar service business is being eroded under heavy regulatory pressure Ferrari's first all-electric model Luce was auctioned for 40 million US dollars, becoming the most expensive new car...

As the market undergoes adjustments, several public offering funds have quietly forged their independent upward trajectories, with their net asset value per unit hitting record highs. Wind data shows that last week (August 10 to August 14, 2026), the net asset value per unit of dozens of funds across the entire market reached new highs since their establishment.

"I just wanted to order Thai milk tea, but I was completely caught off guard by the co-branding." Not long ago, Luckin Coffee just won the cross-border lawsuit against the counterfeit "Thai Luckin" in Thailand, and took the opportunity to launch this year's trending Thai milk tea in the tea drink sector during the Qixi Festival.

Whether tech capital has started to take equity stakes in Premier League clubs, or tech companies have rolled out a string of sponsorship and technical partnerships with top-tier football clubs, they actually point to the same trend: sports is becoming a critical entry point for tech companies to connect with global consumers, while technology is evolving into a core tool for the football industry to unlock its next round of commercial value.