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Despite efforts to reduce liabilities, Lanzhou Bank's net profit declined by 8.95% in the first half of the year, failing to offset pressure on asset returns.

Despite efforts to reduce liabilities, Lanzhou Bank's net profit declined by 8.95% in the first half of the year, failing to offset pressure on asset returns.

On August 31, Lanzhou Bank released its 2026 semi-annual report, disclosing that the company achieved operating revenue of 4.179 billion yuan in the first half of the year, a year-on-year increase of 6.60%, and net profit attributable to the parent company after deducting non-recurring gains and losses of

With revenue up 76%, how far is Momenta from breaking even?

With revenue up 76%, how far is Momenta from breaking even?

In its first interim report after listing, Momenta reduced its adjusted net loss to RMB 14.097 million, seemingly just one step away from breaking even. At the earnings conference on the evening of August 31, management did not provide a timetable for profitability. Instead, they stated that rapid profitability

Situation in the Hormuz escalates again: Supertanker suspected of being attacked by mines, Brent crude oil breaks through the $91 mark.

Situation in the Hormuz escalates again: Supertanker suspected of being attacked by mines, Brent crude oil breaks through the $91 mark.

Military tensions between the US and Iran have escalated again in the Strait of Hormuz, causing oil prices to jump. A supertanker was reportedly struck by a mine and caught fire in the strait. Brent crude oil broke through $91 per barrel, and diesel crack spreads approached $100, as market

India's Q2 GDP grew 7.8%, exceeding expectations: manufacturing and investment were robust, and credit growth hit a ten-year high.

India's Q2 GDP grew 7.8%, exceeding expectations: manufacturing and investment were robust, and credit growth hit a ten-year high.

India's economy has demonstrated resilience despite the energy price shocks triggered by the Middle East conflict. Data released by the Indian government on Monday showed that India's GDP grew by 7.8% year-on-year in the April-June period of 2026, significantly higher than the market expectation of

US debt is a challenge, European debt is a crisis—the next sovereign debt storm may be in Europe.

US debt is a challenge, European debt is a crisis—the next sovereign debt storm may be in Europe.

The US$40 trillion federal debt continues to dominate global financial headlines, but the trigger for the next sovereign debt crisis may not be in Washington, but in Brussels and Frankfurt. The global bond market is currently experiencing a new round of sell-off. As of August 21, 2026, the yield

Zhipu's revenue increased by nearly 400% year-on-year in the first half of the year, with revenue from its open platform and API business surging by 2736% | Financial Report Insights

Zhipu's revenue increased by nearly 400% year-on-year in the first half of the year, with revenue from its open platform and API business surging by 2736% | Financial Report Insights

Zhipu: In the first half of the year, the company's total revenue was approximately RMB 954 million (approximately US$142 million), representing a year-on-year increase of nearly 400%. Among this, revenue from the open platform and API business was approximately RMB 825 million (approximately US$123 million), representing

Kimi is demanding a 30% cut from Microsoft, Amazon, and Google; its open-source model is starting to "collect rent overseas."

Kimi is demanding a 30% cut from Microsoft, Amazon, and Google; its open-source model is starting to "collect rent overseas."

Recently, foreign media revealed that Dark Side of the Moon is in talks with Microsoft, Amazon, and Google, hoping to bring Kimi K3 onto Azure, AWS, and Google Cloud, and take up to 30% of the revenue from selling K3-related services on these platforms. If finalized, this could be one