8:01 Krypton丨Xiaohongshu responds to rumors that the IPO was blocked due to reports from former employees: None of them are true; Google Gemini fell out of the top ten in the global rankings; Nike announced the termination of Taobo’s online distribution rights

Today's Hot Topics Guide Hong Kong High Court rejected Zong Fuli's appeal and upheld the freezing of US$1.8 billion in assets. Apple plans to launch a monthly rental iPhone to support most models. SpaceX's short-selling ratio soared to 32%. Musk warned short sellers: there is almost no chance of survival. Ma Xingtian and his wife, the former actual controllers of Kangmei Pharmaceuticals, paid 1.396 billion yuan in compensation. Wang Xingxing of Yushu Technology: The "ChatGPT moment" of embodied intelligence is expected to arrive as soon as two or three years. Yuejiang Technology responds to the prospectus reporting controversy TOP3 big news Xiaohongshu responds to IPO rumors Recently, there are many rumors that "Xiaohongshu secretly submitted an IPO application before the end of June", but was blocked by former employees reporting "listing compliance" issues. On July 22, Xiaohongshu responded to Jiemian News by saying that none of the IPO-related information currently circulating is true. (Interface News) Gemini fell out of the top ten in the world. On July 21, local time, Google DeepMind released three lightweight new models, focusing on "faster, smarter, and more cost-effective". However, because the level of intelligence did not meet the expectations of the outside world, the evaluation was polarized. At the same time, the flagship model Gemini 3.5 Pro has still not appeared and became the focus of this time. Judging from the rankings, Google’s model has been ranked outside the top ten. According to reviews, Google’s new model is not outstanding in terms of intelligence. Research from the AI ​​model evaluation platform Arena.ai shows that Gemini 3.6 Flash ranks 12th in the front-end code arena with 1537 points. (Yicai Global) Nike took back its online operating rights, and Topo's share price plummeted 25%. Topo International Holdings Co., Ltd. (06110.HK, hereinafter referred to as "Topo")'s stock price plummeted 25% after the market opened on the morning of July 22. As of the morning's close, the company's stock price closed at HK$1.45, down 24.08%. Tabo announced on July 22 that the company received an official notice from Nike after the trading session on July 21, 2026, that the current online platform sales of Nike products in mainland China will be completely terminated starting from January 1, 2027. According to the announcement, for the fiscal year ending February 28, 2026, from