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8/13
23:00
JD.com's core retail profit margin hit a new high during the major promotion season, while new businesses like food delivery continued to reduce losses, and marketing expenses significantly contracted. The Hang Seng Tech Index's intraday decline widened to 1%, with JD.com's stock price falling over 8%.
23:00
The company's gross profit margin reached 16.5%, a year-on-year increase of 5.6 percentage points. Despite the strong performance, the Hang Seng Tech Index's intraday decline widened to 1%, and Hua Hong Semiconductor's stock price fell by over 9%.
22:11
Lookonchain reports that a whale address has again sold HYPE tokens. The address sold another 923,743 HYPE tokens, worth $53.02 million, an hour ago. It still holds 969,595 HYPE tokens, valued at $55.5 million. Two weeks ago, the whale had sold 1.03 million HYPE tokens, worth $57.44 million.
21:59
The Financial Services Commission (FSC) reported that the outstanding balance of household loans across all financial sectors increased by KRW6.2 trillion in July, a slower pace compared to the KRW8.3 trillion rise in June. Home-backed mortgage loans increased by KRW3.5 trillion (vs. KRW4.5 trillion in June), while other types of loans edged up KRW2.7 trillion (vs. KRW3.8 trillion in June). The slowdown was attributed to self-regulatory and voluntary management measures by financial companies. However, the FSC noted the need for continued close monitoring and strict management due to expectations of rising housing prices in the Seoul metropolitan area and other risk factors like increased housing transactions and seasonal demand.
21:49
U.S. Treasury Secretary Scott Bessent stated that these measures would be a combination of "economic isolation unseen before in the world" and "a continuous blockade of the Strait of Hormuz," aimed at preventing any vessels from entering or exiting Iranian ports. U.S. Secretary of Defense Pete Hegseth had previously also stated that the U.S. military could maintain a naval blockade against Iran "indefinitely."
21:24
Norwegian Foreign Minister Espen Barth Eide stated that the U.S. war against Iran was "not smart," failed to achieve its initial goals, and strengthened hardliners in Tehran. He called for the restoration of freedom of navigation as it was before the war when the Strait of Hormuz was open, and urged an end to the conflict.
21:07
The UAE Ministry of Foreign Affairs stated that two vessels affiliated with the Abu Dhabi National Oil Company (ADNOC) were attacked on Thursday evening while transiting the Strait of Hormuz. No injuries were reported. The UAE condemned the incident as a "hostile Iranian attack" and a "direct threat to the stability of the region, its peoples, and the global energy supply." This follows a similar attack on an ADNOC tanker reported on Saturday. Iran has not yet commented on the accusations. ADNOC reports a total of 15 of its vessels have been attacked in the Strait since February.
21:07
Uber and Chinese autonomous driving company Pony.ai announced that they will cooperate to deploy 2,000 autonomous taxis in Europe, with plans to expand the partnership to the Middle East. Previously, the two companies had launched a commercial autonomous taxi service in Zagreb, the capital of Croatia, at the end of March. This cooperation aims to expand the fleet size to accelerate the commercialization process of autonomous driving technology.
20:42
Goldman Sachs noted in an August 13 research report that SanDisk's long-term financial model for fiscal years 2028-2030, unveiled at its Investor Day, including an 80% gross margin and 75% operating margin, as well as a commitment to return 100% of excess free cash flow to shareholders, all significantly exceeded market expectations. Furthermore, the company's next-generation HBF (High-Bandwidth Flash) technology roadmap for AI inference also presents substantial upside potential. Goldman Sachs set SanDisk's 12-month target price at $2200, representing approximately 44% upside from the current share price of $1528, and believes its capital return intensity far surpasses that of its peers.
20:12
Market research firm IDC China's managing director Kitty Fok noted that while five years ago China was primarily a sales market, it is now a source of capabilities in certain sectors. Examples include Apple tapping Alibaba and Baidu for AI in China, Ford partnering with CATL for battery technology, Volkswagen teaming up with Xpeng for smart EVs, and Stellantis expanding its partnership with Leapmotor for EV production. Analysts attribute this shift to China's scale, supply-chain depth, and speed of innovation, with some adoptions driven by performance and compliance rather than just cost.
20:09
OpenAI's current annualized revenue has exceeded $40 billion, doubling from $20 billion at the end of 2025, according to Bloomberg, citing people familiar with the matter. This builds a stronger fundamental for its upcoming IPO. Greg Brockman, co-founder and president of the company, revealed in an internal announcement that the annualized revenue growth in July exceeded 20% month-over-month. The recent growth is mainly driven by strong demand from enterprise customers for AI Agents, as well as the promotion of AI programming software and subscription sales. OpenAI also announced the appointment of a new Chief Revenue Officer, aiming to accelerate enterprise sales growth.
19:45
The Ethereum Foundation is moving away from the Poseidon cryptographic hash function in its post-quantum plan, as advances in compact proofs have erased Poseidon’s previous performance advantage, according to researcher Justin Drake.
19:33
Gaza's Interior Ministry said Colonel Jamal Abu Kamel, 43, was killed on Thursday when his vehicle was hit by three missiles from a drone on al-Rashid Street in southwestern Gaza City, with two others injured. The Israeli military stated its goal was to "eliminate threats" and claimed Abu Kamel was a Hamas commander, but provided no evidence. Gaza police denied the claim, stating Abu Kamel was "dedicated to police work and not involved in other activities." The attack occurred a day after Israel ended a week-long pause in airstrikes on the Gaza Strip. The airstrikes resumed after Israeli Prime Minister Netanyahu announced on Sunday his rejection of US President Donald Trump's peace plan, which called for Israeli forces to withdraw from Gaza and Hamas to disarm.

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