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Shanghai United Assets Exchange shows Shanghai Yuanxin Satellite Technology Co. completed a capital increase on Aug 17, bringing in 18 investors and 6.976 bln yuan of new capital that added 13.94% of equity. The largest investor was a 24-member conso

2026-08-18

Shanghai United Assets Exchange shows Shanghai Yuanxin Satellite Technology Co. completed a capital increase on Aug 17, bringing in 18 investors and 6.976 bln yuan of new capital that added 13.94% of equity. The largest investor was a 24-member consortium led by Guodiao Phase II Collaborative Development Fund Co., Ltd., which invested about 5.764 bln yuan for an 11.5167% stake. The financing implies an estimated valuation of 50 bln yuan. Yuanxin is the operator of the Qianfan satellite constellation; as of July 5 the constellation had 238 in‑orbit satellites.

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2026-08-18

China A-share property sector briefly slid; Shenshenfang A fell more than 7%, with Jingtou Development, Shibei Hi-tech, Hualian Holdings and Shahe Co. also lower.

China A-share property sector briefly slid; Shenshenfang A fell more than 7%, with Jingtou Development, Shibei Hi-tech, Hualian Holdings and Shahe Co. also lower.
2026-08-18

iQiyi (IQ.O) reported unaudited results for the quarter ended June 30, 2026. Total revenue was 6.29 bln yuan, up 1% QoQ; membership services 4.01 bln, online advertising 1.25 bln, content distribution 680 mln, other 340 mln. Operating costs were 5.25

iQiyi (IQ.O) reported unaudited results for the quarter ended June 30, 2026. Total revenue was 6.29 bln yuan, up 1% QoQ; membership services 4.01 bln, online advertising 1.25 bln, content distribution 680 mln, other 340 mln. Operating costs were 5.25 bln; content costs 3.82 bln, +1% YoY. Selling and administrative expenses were 740 mln and R&D 400 mln. On a non-GAAP basis, operating loss narrowed to about 30.3 mln yuan from a 150 mln yuan loss in the prior quarter. Operating cash flow turned positive, with net cash inflow of 340 mln yuan versus a 12.7 mln yuan net outflow in Q2 2025.
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