Youdao (NYSE:DAO) reported second quarter 2026 net revenues of RMB1.5 billion, up 3.5% year-over-year, while net income attributable to shareholders reached RMB73.8 million compared with a loss in the prior-year period.
At this year's World Robot Conference in Beijing, Chinese humanoid robot maker Unitree's founder declared that humanoid robots could take off commercially in just two years. The industry is moving beyond viral entertainment, sharpening its focus on real-world uses from factory assembly lines to household chores. Allen Wan reports.
DouYu (NASDAQ:DOYU) reported second quarter 2026 net revenues of RMB981.1 million, down 6.9% year-over-year, while gross profit increased to RMB159 million as lower revenue-sharing, content and bandwidth costs supported margins.
BingEx (NASDAQ:FLX) reported second quarter 2026 revenues of RMB940.3 million, down from RMB1,024.6 million in the prior-year period, as the company faced increased competition and lower margins.
NetEase (NASDAQ:NTES) reported second quarter 2026 net revenues of RMB30.1 billion, up 7.9% year-over-year, while gross profit increased 17.5% to RMB21.2 billion as revenue growth continued across its gaming business.
China Evergrande Group's founder Hui Ka Yan has been sentenced to life in prison, bringing an end to one of the most dramatic rise and fall stories in China's corporate history. Bloomberg's Trista Xinyi Luo has the details.
Brent crude futures for October delivery rose $1.20, or 1.3%, to $92.82 per barrel, while October West Texas Intermediate (WTI) crude futures increased $1.13, or 1.3%, to $85.52 as concerns over Middle East supply disruptions pushed prices higher.
Sunlands Technology Group (NYSE:STG) reported second quarter 2026 net revenues of RMB406.4 million, down 24.6% year-over-year, while net income declined to RMB83.5 million from RMB126.6 million in the prior-year period.
ATRenew (NYSE:RERE) reported second quarter 2026 net revenues of RMB6,609.3 million, up 32.4% year-over-year, as net product revenues increased and profitability improved.
Futu (NASDAQ:FUTU) reported second quarter 2026 revenue of HK$7,200.2 million, up 35.6% year-over-year, while net income increased 41.6% to HK$3,641.9 million as client assets and trading activity grew.
Samsung and SK Hynix are preparing record shareholder returns after investors sent their stocks tumbling over concerns around the sustainability of AI hardware spending. Bloomberg's Neil Campling has the details.
Aegon (NYSE:AEG) reported an operating result of €804 million for the first half of 2026, up 9% year-over-year, supported by commercial activity and favorable financial markets.
