Sources say AI cloud company Nscale plans to seek up to $3 bln in a U.S. IPO.

Zhongxing Commercial said 1H 2026 revenue was 376 mln yuan, down 6.65% YoY; net profit attributable to shareholders was 45.96 mln yuan, down 5.87% YoY.

Aug 21 — According to CNBC, US Treasury Secretary Bessent said the US will impose the toughest economic sanctions on Iran. Foreign Ministry spokesman Lin Jian said China had responded yesterday and reiterated it opposes illegal unilateral sanctions that lack a basis in international law or UN Security Council authorization, urging parties to take responsible measures and resolve the issue through political and diplomatic channels.