NIO reported first-quarter 2026 operating profit of 66.8 million yuan, marking a second consecutive quarter of profitability. Revenue rose 112.2% year-on-year to 25.53 billion yuan, while gross profit increased 428.4% to 4.86 billion yuan. Overall gross margin reached 19.0%, the highest in four years, with vehicle margin at 18.8%, extending four straight quarters of sequential gains. Cash reserves rose to 48.2 billion yuan, and the company generated positive operating cash flow for a third conse

2026-05-21

NIO reported first-quarter 2026 operating profit of 66.8 million yuan, marking a second consecutive quarter of profitability. Revenue rose 112.2% year-on-year to 25.53 billion yuan, while gross profit increased 428.4% to 4.86 billion yuan. Overall gross margin reached 19.0%, the highest in four years, with vehicle margin at 18.8%, extending four straight quarters of sequential gains. Cash reserves rose to 48.2 billion yuan, and the company generated positive operating cash flow for a third consecutive quarter.

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2026-05-20

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2026-05-21

OpenAI is preparing to file confidential IPO paperwork in the coming days or weeks, working with Goldman Sachs and Morgan Stanley, according to people familiar with the matter. The filing could come as early as Friday, with a potential listing targeted for September, though timing may change. The company recently won a legal dispute with co-founder Elon Musk. It still faces concerns over revenue generation, heavy infrastructure spending, and competition from Anthropic.