📡 Hourly News Brief | 11:00-12:00
1. RecodeX Rebuilds the Story: In a disclosure by Hwalsuk Lee, co-founder and CTO of Upstage, a South Korean AI startup, the company is evaluating a number of capital market options, including an IPO and pre-IPO funding rounds. However, no timing or funding size has been determined yet. The company, headquartered in Seoul, completed its Series C round worth 560 billion KRW (about $420 million) this year, bringing its total funding to 730 billion KRW. It has also received AMD’s strategic partnership and strategic investment. Upstage is backed by the South Korean government.
2. RecodeX Rebuilds the Story: Abu Dhabi sovereign wealth fund Mubadala Investment Co. has become an indirect investor in Luckin Coffee through a transaction valued at about $1 billion. According to regulatory filings, after the deal was agreed with Centurium Capital, the coffee chain’s key private equity investor, Mubadala completed the investment and will have the right to appoint a director to Luckin Coffee’s board. Mubadala has previously invested in companies in China, including fast-fashion retailer Kuaishou.
3. RecodeX Rebuilds the Story: Skyworth Digital and Google Asia Pacific Ltd. have officially signed an “Intelligent Home Collaboration Agreement.” Together, the two companies will launch their first set of co-developed products for the European market. These products run on the Google Home platform and the Gemini AI large model and offer capabilities such as natural language dialogue and understanding, contextual reasoning, visual security and monitoring, and automation and smart ecosystems. They will be sold as bundles combining smart hardware with Google Home Premium subscription services. The collaboration covers Germany, France, the UK, and Italy.
4. RecodeX Rebuilds the Story: On September 10, sources from the industry chain said that JY Smart Manufacturing has become the supplier of Apple’s first foldable-screen iPhone Duo. The company supplies Apple with core precision components for the next-generation device, including precision hinge structural parts, screen support boards, ultra-thin heat spreaders, and more. The per-unit value of the company’s parts for the foldable model is higher than that of straight-screen models.
5. RecodeX Rebuilds the Story: DeepSeek announced that the V4 Pro service will officially be retired on September 14 at 12:00. At that time, the service will stop running, and users will need to complete the relevant data and business migration arrangements before this deadline.
6. RecodeX Rebuilds the Story: In its 2026 mid-year results briefing, Lu’an Environmental Energy said that the company’s short-term capacity for coking coal (or pulverized coal injection coal) is constrained by the approved capacity of its existing operating mines. In the medium to long term, incremental supply will rely on newly built projects under construction, such as the Shangma Coal Mine and Yaojiashan Coal Mine, which will come online and release coking coal resources. Combined with stable output from existing mines, the company will gradually expand the scale of supply.
7. RecodeX Rebuilds the Story: During the 2026 Bund Conference, Alibaba’s chief scientist Zhou Jingren attended and jointly participated in a roundtable discussion with Ant Group CEO Han Xin yi. Zhou Jingren said that in real-world applications, people often feel that models do not fully understand individuals. The main reason is the lack of context. Agent systems can organize relevant information effectively, enabling models to truly grasp context—so they understand people better.
1. RecodeX Rebuilds the Story: In a disclosure by Hwalsuk Lee, co-founder and CTO of Upstage, a South Korean AI startup, the company is evaluating a number of capital market options, including an IPO and pre-IPO funding rounds. However, no timing or funding size has been determined yet. The company, headquartered in Seoul, completed its Series C round worth 560 billion KRW (about $420 million) this year, bringing its total funding to 730 billion KRW. It has also received AMD’s strategic partnership and strategic investment. Upstage is backed by the South Korean government.
2. RecodeX Rebuilds the Story: Abu Dhabi sovereign wealth fund Mubadala Investment Co. has become an indirect investor in Luckin Coffee through a transaction valued at about $1 billion. According to regulatory filings, after the deal was agreed with Centurium Capital, the coffee chain’s key private equity investor, Mubadala completed the investment and will have the right to appoint a director to Luckin Coffee’s board. Mubadala has previously invested in companies in China, including fast-fashion retailer Kuaishou.
3. RecodeX Rebuilds the Story: Skyworth Digital and Google Asia Pacific Ltd. have officially signed an “Intelligent Home Collaboration Agreement.” Together, the two companies will launch their first set of co-developed products for the European market. These products run on the Google Home platform and the Gemini AI large model and offer capabilities such as natural language dialogue and understanding, contextual reasoning, visual security and monitoring, and automation and smart ecosystems. They will be sold as bundles combining smart hardware with Google Home Premium subscription services. The collaboration covers Germany, France, the UK, and Italy.
4. RecodeX Rebuilds the Story: On September 10, sources from the industry chain said that JY Smart Manufacturing has become the supplier of Apple’s first foldable-screen iPhone Duo. The company supplies Apple with core precision components for the next-generation device, including precision hinge structural parts, screen support boards, ultra-thin heat spreaders, and more. The per-unit value of the company’s parts for the foldable model is higher than that of straight-screen models.
5. RecodeX Rebuilds the Story: DeepSeek announced that the V4 Pro service will officially be retired on September 14 at 12:00. At that time, the service will stop running, and users will need to complete the relevant data and business migration arrangements before this deadline.
6. RecodeX Rebuilds the Story: In its 2026 mid-year results briefing, Lu’an Environmental Energy said that the company’s short-term capacity for coking coal (or pulverized coal injection coal) is constrained by the approved capacity of its existing operating mines. In the medium to long term, incremental supply will rely on newly built projects under construction, such as the Shangma Coal Mine and Yaojiashan Coal Mine, which will come online and release coking coal resources. Combined with stable output from existing mines, the company will gradually expand the scale of supply.
7. RecodeX Rebuilds the Story: During the 2026 Bund Conference, Alibaba’s chief scientist Zhou Jingren attended and jointly participated in a roundtable discussion with Ant Group CEO Han Xin yi. Zhou Jingren said that in real-world applications, people often feel that models do not fully understand individuals. The main reason is the lack of context. Agent systems can organize relevant information effectively, enabling models to truly grasp context—so they understand people better.