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Xiaohongshu fully acquired the AI travel tool Circumference Travel's affiliated company. The latest business information shows that Xiaohongshu Technology Co., Ltd. has become the sole shareholder of Chaochao Shishi Technology (Shanghai) Co., Ltd., with former shareholder Zheng Yifan exiting. Circumference Travel provides a "one-click homework copying" feature, allowing users to paste links of notes from Xiaohongshu and public account travel guides, after which the AI can extract attractions and restaurants, generate a map route, estimate transportation time, and support collaborative itinerary modifications with friends. QuestMobile data shows that in February this year, its monthly active users reached approximately 2.49 million, a year-on-year increase of 384.7%, ranking among the top ten travel service apps, with users aged 25 to 35 accounting for 72.1%.By the end of 2025, the Circumference Travel team had stated that they would not engage in flight and hotel bookings. In September of this year, the app added features for AI querying flight, hotel, and ticket prices, allowing users to directly jump to partner platforms for booking after reviewing their itinerary, and check order status within the app. Last year, Xiaohongshu also acquired the development entity of its AI search product Diandian. Diandian is used to help users find destinations and filter activities, while Circumference Travel can organize promotional notes into executable itineraries and guide users to make bookings.

Yushu Technology disclosed its third-quarter report for 2026. The company's single-quarter revenue was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decline of 17.37%, with a nearly 50% decrease compared to the previous quarter.Regarding the profit decline, a relevant person from Yushu Technology's Board Secretary Office stated that it was mainly due to increased R&D investment in computing power and large model directions. This person also mentioned that looking at the longer term, the impact is controllable, and the single quarter only shows a phase change; currently, R&D investment relies on fundraising planning and will not be blindly increased.

The decentralized liquidity staking protocol Diva Staking announced on social media that it will shut down the project and will not launch the mainnet. The official statement said that this decision was made after thorough discussion and apologized to the early stakers who had pre-deposited in the vault, stating that related deposits can be withdrawn through Enzyme without further waiting.The official statement mentioned that the team has been operating for about two and a half years without income or salary since the funds were exhausted in mid-2024, with three members pushing the project forward. Diva went live on the Hoodi testnet earlier this summer and has been running stably for about four months without any issues, but failed to gain support from large institutions for the mainnet launch. The three-member team also could not bear the costs of a new round of audits and mainnet operations, thus choosing to wind down rather than risk launching.The announcement also stated that the demand structure for LST has changed after the Shanghai upgrade. As of the end of June this year, BitMine, Coinbase, and Binance together accounted for about 30% of the total staked ETH, with approximately 11.5%, 10.9%, and 7.9% respectively, which is comparable to the concentration when the market was concerned about Lido's share being close to one-third. The official also congratulated Lido for advancing Simple DVT and opening up to independent stakers.

Yushu Technology announced that the operating revenue for the third quarter of 2026 was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decrease of 17.37%; the net profit excluding non-recurring gains and losses was 105 million yuan, a year-on-year decrease of 17.42%.For the first three quarters of 2026, the operating revenue was 1.817 billion yuan, a year-on-year increase of 55.71%; the net profit attributable to the parent company was 387 million yuan, a year-on-year increase of 270.54%; the net profit excluding non-recurring gains and losses was 349 million yuan, a year-on-year decrease of 18.78%.

According to official news, Sequoia China and the robotics company Yushu Technology announced the establishment of the "ShanYu·Innovation Plan," focusing on discovering and investing in embodied intelligence, robotic applications, and their upstream and downstream key technologies, as well as early-stage entrepreneurial projects in other cutting-edge hard technology fields.It is reported that the core strategy of this plan is "understanding technology and industry, discovering early, making quick decisions, valuing people, and not adding chaos," which will provide industrial and financial resources for promising early-stage entrepreneurs in the fields of embodied intelligence, robotics, and other cutting-edge hard technologies.

On the evening of October 27, Li Liang, Vice President of Douyin Group, responded on Weibo to media person and financial observer Qin Shuo's statement about "the Byte Time of China's Internet," calling it "extremely unrigorous and purely nonsense." Li Liang stated that no company can become the "xx time of China's Internet"; instant messaging has a relatively stable moat due to relationship chains, while short dramas and short videos belong to a fully competitive market with rapidly changing dynamics. He also mentioned that Tencent's growth rate in short dramas and short videos far exceeds that of Douyin and Hongguo, and that instant messaging, gaming, e-commerce, and music occupy a significant amount of user time. He later posted that Qin Shuo's analysis contains several fundamental common sense errors.On the 26th, Qin Shuo published an article on his public account "Qin Shuo's Circle of Friends," citing QuestMobile data from a Nomura Securities report, stating that in July 2026, Douyin surpassed WeChat for the first time among the top 50 apps in China by mobile internet usage time, accounting for 19.4%, while WeChat accounted for 18.8%; the share of Byte's apps was 40.9%, and Tencent's was 29.1%. He questioned whether, despite WeChat's daily active users still exceeding Douyin's, China's Internet is shifting from Tencent time to Byte time, and from WeChat time to "Douyin + Hongguo time." This morning, Qin Shuo posted on social media that in the relevant rankings for August 2026, Byte's share was 41.8% and Tencent's was 28.6%, a difference of 13.2 percentage points. He believes that "Byte time" is a summary of Byte's total usage time share exceeding 40%, which is "a very realistic fact," while emphasizing that the share of user time does not equate to the share of user value.On the same day, Hongguo Short Drama, a platform under ByteDance, issued a statement saying that the claims circulating online about "annual revenue approaching 40 billion yuan" and "this year's revenue reaching 42 to 45 billion yuan" are inaccurate, and that the related comparisons, calculations, and extended interpretations lack factual basis. They stated that most of the current revenue continues to be used for content creator revenue sharing, copyright guarantees, and support for high-quality content. Data from third-party institutions shows that as of July 2026, Hongguo Short Drama had 168 million daily active users, a year-on-year increase of 107%. On October 19, Liu Xing, head of public relations at Doubao, responded to the claim that "over half of the domestic computing power is used to create feel-good dramas," stating that the data is unreliable, and that for Byte, only about 10% of the company's total computing power is used for training and inference of video generation models.

The humanoid robot company Yushu Technology (688836.SH) announced that the cumulative price deviation of the company's stock closing price has exceeded 30% over three consecutive trading days, which falls under the category of abnormal stock trading fluctuations. As of October 26, 2026, the company's rolling price-to-earnings ratio is 465.22 times, significantly higher than the average rolling price-to-earnings ratio of 38.54 times in the general equipment manufacturing industry.The announcement pointed out that the humanoid robot industry is still in the early stages of commercialization, with uncertainties in technology maturity, cultivation of downstream market demand, and supporting capabilities in the industrial chain. The transition of physical AI technology from laboratory demonstrations to large-scale implementation in real-world scenarios still faces challenges such as perception accuracy, motion control stability, data accumulation, and hardware-software collaboration. The maturity of the technological path and business model still requires time for validation. If the industry's large-scale commercialization progress does not meet expectations, the company's future revenue expansion and performance release may be adversely affected, posing investment risks of valuation regression.

According to Gate market data, the stock price of Yushu Technology in the A-shares has returned to 700 yuan, with a cumulative increase of over 56% this month, and a total market value exceeding 285 billion yuan. The current price is 723 yuan, with an intraday increase expanding to 15.87%.

Recently, at the 2026 World Physics AI Conference and Yushu Partner Ecosystem Conference, the robotics company Galaxy Universal and Yushu Technology announced the joint development of the world's first native intelligent robot, Galaxy Star Galbot ET1.This product made its debut at the World Robot Conference in August this year. This announcement of joint development further showcases the collaboration between the two parties in product definition, hardware refinement, and the development of embodied intelligent capabilities.

Market data shows that Yushu Technology has reached a 20% limit-up, currently priced at 624 yuan, with a transaction volume exceeding 4 billion yuan.The A-share humanoid robot sector continues to rise, with Zhongcheng Technology hitting a 30% limit-up, and Yushu Technology, Luozhou Co., Ltd., Leyard, and several other stocks reaching a 20% limit-up. Aobo Zhongguang, Yuncong Technology, Shangwei New Materials, and Songsheng Co., Ltd. are all climbing.

According to the announcement from Forma's official X account, the Forma mainnet will stop operating at block height 34,567,890, expected around November 5th, giving users about two weeks to withdraw on-chain funds.After the chain stops, the team will take a snapshot of the on-chain state and migrate the remaining TIA to Eden. Both chains are EVM chains, and users can use the same wallet address to withdraw funds from Eden after the migration is complete.Modularium will migrate to Ethereum, and the related NFTs will be migrated as well; holders will need to claim them themselves through the re-launched Modularium website, as NFTs will not be automatically airdropped. The official statement indicates that the migration may take several days after the chain stops, and further announcements will be made when the migration is complete, along with more details and operational instructions in the coming weeks.

The Browser Company announced that it will completely cease the operation of the macOS and Windows versions of the Arc browser on December 22, 2026, and has closed new user registrations. Starting from November 23, the AI features on mobile, login, and tab synchronization will gradually be disabled, and the team will fully shift its focus to the AI browser Dia.Arc was launched in 2022, initially limited to Mac users through invitations, and was fully opened in 2023, with plans to gradually launch on Windows and mobile platforms in 2024. The product design includes a vertical tab bar, independent workspaces, automatic tab organization, split-screen browsing, and allows users to directly modify the appearance of web pages. The official disclosure indicated that Arc had over 1 million weekly active users.Founder Josh Miller stated in 2025 that Arc was too complex for ordinary users, with a high learning cost, and only 5.52% of daily active users frequently used multiple workspaces. The team stopped developing new features that year and shifted to Dia. In October of the same year, the parent company was acquired by Atlassian for approximately $610 million. The reason for the shutdown was that browser security in the AI era requires continuous investment, and engineering and security resources must be concentrated on Dia.

The messaging protocol XMTP founder Shane Mac stated that XMTP will evolve into a self-operating open-source messaging stack, providing private conversations between people and agents, with infrastructure controlled by users, without requiring tokens or wallets. The network hosted by XMTP Labs will shut down in early 2027.Shane Mac mentioned that he founded XMTP five years ago because he believed that private messaging should not be owned by a single company. He recalled that the team envisioned using wallets as cross-application identities, allowing messages to follow identities, and using tokens to pay infrastructure operators, but this path was not realized. XMTP has never issued tokens and will not issue them now. He admitted that it was a wrong decision to persist with a single shared network for a long time, as developers have consistently requested the ability to self-host XMTP. Therefore, it has shifted to self-hosting, allowing developers to use, inspect, modify, and maintain the entire software suite without relying on Labs. Former employees will assist in maintaining the protocol, and Shane Mac himself will continue to be involved.The article introduces that self-hosted XMTP offers quantum-resistant end-to-end encryption, private one-on-one and group chats, encrypted identities, and message authenticity, as well as SDKs for mobile, web, server, and agents. Chief Technology Officer Nick Molnar has simplified the backend to a single Rust binary and integrated attachments, push notifications, handles, and signed webhooks for new messages. Each self-hosted network does not automatically interconnect by default, and agents from different tools must connect to the same backend to share conversations.

The 2026 World Physics AI Conference and Yushu Partner Ecosystem Conference was held today in Hangzhou. Wang Xingxing, Chairman, General Manager, and Chief Technology Officer of the robotics company Yushu Technology, stated in his keynote speech that the most critical challenge for embodied intelligence, surpassing the ChatGPT moment, is the alignment of AI model inputs and outputs with real robots.Wang Xingxing mentioned that for top large model companies, in a sense, they have basically achieved self-evolution of models internally, where models can write programs and collect data on their own, and humans only need to provide appropriate guidance and participation. He also noted that it usually takes 5 to 10 years for technological breakthroughs to diffuse to general users, so the external perception is not that profound, while physical AI has already shown signs of being penetrated.

The entertainment application chain Sophon officially announced that the team plans to finally shut down the Sophon mainnet on November 30, 2026. Key infrastructure and related websites will begin to shut down after November 25. Assets remaining on the Sophon Chain after the deadline face the risk of permanent inaccessibility.

The Bitcoin infrastructure protocol Echo Protocol announced on platform X that it will gradually terminate the operation of the protocol due to business adjustments. The official announcement expressed gratitude to the community, partners, and users for their long-term trust and support, and committed to completing the subsequent liquidation work transparently and responsibly.Currently, all core businesses of the Echo Protocol have fully stopped accepting incremental funds. The lending protocol has halted new deposits, new loans, and interest accrual, while the strategy and LSD businesses have also ceased new deposits and new pledges.The official has now opened repayment, withdrawal, and necessary asset liquidation channels, urging users to take action as soon as possible: lending users should repay debts, release collateral, and withdraw assets promptly; strategy and LSD users should initiate exits and claims as early as possible; users holding aBTC can continue to use the Aptos-to-B² cross-chain bridge for redemption.To ensure an orderly liquidation process, the announcement specified key timelines. All borrowers with outstanding debts must complete repayments by November 14, 2026, or face collateral liquidation, with the proceeds used to repay lenders. The final deadline for users to make repayments, withdrawals, and release pledges is November 19, 2026, at 23:59 (UTC).After this, the Echo Protocol will officially cease operations, and all remaining positions will enter the final liquidation and settlement process, with the platform only retaining the redemption service of the Aptos-to-B² cross-chain bridge. Since LSD and Strategy assets depend on the request time for underlying pledges/unpledges, the actual time users can claim will be affected by this factor.

Cobo Wallet announced that its App service will officially close on December 1, 2026. Users must complete the transfer of all assets by November 30 at 23:59 and update the Cobo Wallet receiving address set on other platforms.The announcement reminds users that those who do not transfer their assets within the deadline will incur account management fees. This adjustment will directly affect users who are still using the Cobo Wallet App for asset storage and receiving payments; relevant users should promptly confirm their on-chain assets, receiving addresses, and withdrawal whitelist settings on associated platforms.After the App service is closed, if there are remaining assets in the account, Cobo will charge a monthly account management fee. The management fee is calculated based on the asset type, amounting to 2% of the remaining assets in the account, with a minimum charge equivalent to 100 USD per month. Users who fail to complete the asset transfer before the App closes will be deemed to have agreed to this fee arrangement.The announcement does not specify the exact reasons for closing the service, nor does it disclose whether other products or institutional businesses under Cobo will be affected.

According to an official announcement from the gaming public chain Ronin, the migration of Ronin Waypoint has entered the final grace period, lasting until October 31, 2026, at 23:00 Beijing time. After the grace period ends, Ronin Waypoint will be completely shut down, and the migration will be completed.Previously, Ronin requested users to migrate assets from their Waypoint wallets to Ronin Stash or mnemonic wallets by October 16, and untransferred assets may become inaccessible.

On October 16, according to Yicai, Xiaohongshu released a company-wide letter, connecting its internal AI Level 1 department Dots with the company's core infra team, and clarifying that another internal technical organization, hi lab, will focus on long-term technological exploration and layout of cutting-edge technology directions. The reporter for the article is Ning Jiayan, and the editor is DingTalk.The company-wide letter clearly defines Xiaohongshu's positioning as a technology application company, stating that its logic in investing in model research and development differs fundamentally from that of cloud vendors. The letter states: "We have a clearer direction for the next stage: the greatest value of technology lies not only in pursuing model capabilities or computing power scale itself, but more importantly, in the deep integration of models and applications, where technology and products enhance each other to jointly create valuable user experiences in this era."