Startups

16:19

                            Bay Area Cross-border M&A Alliance officially established
                        
                            On August 22nd, the Bay Area Cross-Border M&A Alliance officially launched its inaugural ceremony. Over 150 representatives from over 50 alliance members and related organizations, including domestic and international banks, insurance companies, asset management companies (AMCs), asset investment companies (AICs), venture capital firms, guarantee companies, and other financial institutions, as well as listed companies, industrial capital, and intermediary service agencies, attended the event. Currently, the global industrial chain is undergoing rapid restructuring, and cross-border M&A has become a crucial financial tool for companies to innovate their technologies, upgrade their industries, and allocate resources. As of August 2025, Shenzhen had publicly disclosed 128 completed M&A transactions for the first time, with a total transaction value of 55.696 billion yuan, ranking among the top cities nationwide. The successful implementation of cross-border share swaps, the nation's first such transactions, provides a replicable and scalable "Shenzhen experience" for industry innovation and development.
                        
01:29

                            Market news: Anthropic AI is in talks to raise up to $10 billion in a new round of financing.
                        
09:27

                            When A-shares opened, the Shanghai Composite Index rose 0.12%, the Shenzhen Component Index rose 0.33%, and the ChiNext Index rose 0.28%; the digital currency concept strengthened, the under-screen camera concept continued to rise, and concepts such as securities companies, data security, and AI intelligent bodies led the gains; *ST Yazhen resumed trading and hit the daily limit.
                        
01:21

                            AI is minting billion-dollar startups faster than the dot-com era, with 100 unicorns born in the last two years
                        
08:53

                            SoftBank Group's stock price continued to rise, rising by 10% at one point
                        
                            SoftBank Group's stock price continued to rise, rising by 10% at one point.
                        
08:50

                            SoftBank Group's stock price continued to rise, up 10%.
                        
08:11

                            SoftBank Group's stock price rose 5.2% as its first-quarter net profit exceeded market expectations.
                        
14:38

                            SoftBank Group's first-quarter net profit was 421.82 billion yen
                        
                            SoftBank Group's net profit in the first quarter was 421.82 billion yen, compared to an estimated 158.23 billion yen. The Vision Fund's investment income in the first quarter was 726.84 billion yen, resulting in a profit of 451.39 billion yen.
                        
14:37

                            SoftBank Group's net profit in the first quarter was 421.82 billion yen, compared with market expectations of 158.23 billion yen.
                        
14:36

                            SoftBank's Vision Fund had an operating profit of 451.39 billion yen in the first quarter, compared with a loss of 204.3 billion yen in the same period last year.
                        
14:35

                            SoftBank Group's first-quarter revenue was 1.82 trillion yen, compared with market expectations of 1.70 trillion yen.
                        
09:01

                            Japan's SoftBank Group will report its first-quarter results on Thursday.
                        
11:04

                            Inspiration Moments secured two rounds of funding, with a post-investment valuation exceeding US$100 million.
                        
                            Inspiration Moment recently announced that it has completed two rounds of financing within a month: Pre-A and Pre-A+. Hillhouse Capital (GL Ventures) participated in both rounds and led the Pre-A+ round. Inspiration Moment's post-investment valuation has reportedly exceeded US$100 million. The funds raised from this round will be used to continue the research and development of native on-device AI architecture and multimodal technologies.
                        
20:15

                            OPEN AI raises $8.3 billion at a $300 billion valuation
                        
                            OPEN AI raised $8.3 billion in funding at a valuation of $300 billion, with investors including Blackstone, TPG, and T. ROWE.
                        
15:02

                            A-share closing review: ChiNext Index bottomed out and rebounded, down 0.24%, with the pharmaceutical sector performing strongly
                        
                            The three major A-share indices closed lower. As of market close, the Shanghai Composite Index fell 0.37%, the Shenzhen Component Index fell 0.17%, the ChiNext Index fell 0.24%, and the Beijing Stock Exchange 50 Index fell 0.23%. The total trading volume of the three stock markets in Shanghai, Shenzhen, and Beijing was 1.6199 trillion yuan, down 342 billion yuan from the previous day. Over 3,300 stocks rose in both markets. Among the sectors, traditional Chinese medicine, photovoltaic equipment, and AI intelligent bodies rose, while the military and civil explosives sectors adjusted. The traditional Chinese medicine sector continued to strengthen, with Biovalley rising over 20%. Weikang Pharmaceuticals hit the 20cm limit up, and Guizhou Bailing and Xintian Pharmaceuticals also hit the limit up. The photovoltaic equipment sector strengthened, with Jiejia Weichuan hitting the 20cm limit up, and Shuangliang Energy Saving hitting the limit up. AI intelligent bodies strengthened after midday, with Cube Technology and Jinke Environment rising over 10%. The military sector adjusted, with ST Emergency hitting the 20cm limit up. The civil explosives sector adjusted, with Poly United hitting the limit up.
                        
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