Huawei and SERES will adjust their smart-choice car cooperation this week: Huawei will move to a light-asset, enabling role while SERES assumes operational control of AITO product, marketing, sales and service. Sources describe the change as a new iteration of the HarmonyOS Drive model, with HarmonyOS Drive refocusing resources to accelerate its sub-brands (Zhijie, Xiangjie, Zunjie, Shangjie) and shifting from operator to an advisory 'coach' role that provides decision support to automakers.

National Bureau of Statistics data show August new-home prices in first-tier cities fell 0.9% YoY, a 0.2 ppt narrower decline from July. By city: Beijing -2.3% YoY, Guangzhou -1.9%, Shenzhen -2.3%, Shanghai +3.0%. New-home prices in second- and third-tier cities fell 2.7% and 4.1% YoY, respectively, each a 0.1 ppt narrower decline. In the resale market, secondhand prices in first-tier cities fell 2.7% YoY, a 1.0 ppt narrower decline from July; Beijing -3.5%, Shanghai -0.8%, Guangzhou -3.8%, Shenzhen -2.7%. Second- and third-tier secondhand prices fell 4.9% and 5.6% YoY, respectively, each narrowing 0.2 ppt.

A-share short-drama gaming sector opened higher; Aorui De hit the daily trading limit, Guilin Tourism climbed over 6%, and Zhongwen Online, Dianhun Network, Yidian Tianxia and BlueFocus also advanced.