BeiDou Navigation Satellite System Completes Full In-Orbit Upgrade

According to the China Satellite Navigation Office, the BeiDou Navigation Satellite System has fully completed its in-orbit upgrade. Moving forward, the system will focus on stable operations while developing new navigation technologies to deliver more reliable positioning, navigation, and timing services to global users. The goal is to establish a more ubiquitous, integrated, and intelligent comprehensive时空 system by 2035.

Market Regulator Promotes Electronic Certification for Food Delivery

The State Administration for Market Regulation has announced efforts to eliminate the root causes of "ghost kitchens" in online food delivery. By promoting electronic certification verification in the sector, the regulator aims to prevent unqualified merchants from operating. Electronic certificates, which are tamper-proof and highly secure, will be shared with delivery platforms via data integration. This creates an "electronic ID" for each merchant, enabling automated and intelligent identity verification.

Domestic Airline Fuel Surcharge to Drop from August 5

Multiple online travel booking platforms report that several airlines will reduce domestic fuel surcharges starting August 5, 2026 (based on ticket issuance date). The adjusted rates are 70 yuan per adult passenger for flights over 800 km and 40 yuan for flights of 800 km or less, reflecting decreases of 30 yuan and 10 yuan, respectively, compared to previous levels.

Oil Prices to Rise Tonight

The National Development and Reform Commission announced that since the July 17 adjustment, international crude oil prices have fluctuated sharply, with a recent rebound after declines. Based on these changes, domestic gasoline and diesel prices will increase by 685 yuan and 655 yuan per ton, respectively, effective from 11:00 PM on July 31.

Three Major Telecom Operators End Third-Party Online Card Sales

China Telecom, China Mobile, and China Unicom issued a joint statement on July 31 evening regarding the regulation of online channel SIM card sales. The announcement states that, to protect user rights and data security, all online SIM card ordering services will be standardized. From August 1, 2026, users can only order SIM cards through official operator apps or websites; third-party internet channels will no longer offer these services.

Analysts Predict Unitree Technology Could Reach 100 Billion Yuan Valuation

Unitree Technology recently disclosed its IPO prospectus for the STAR Market, along with issuance arrangements and preliminary inquiry notices. The initial inquiry date for the IPO is set for August 5, with online and offline subscription on August 10, and payment due by August 12. Investment banks generally estimate the company's IPO market value to exceed 40 billion yuan, with CCB International projecting a post-IPO secondary market valuation of around 109 billion yuan as of March.

South Korean Stock Market Sees Record Single-Day Surge

On July 31, the KOSPI index surged 16% intraday, marking the largest single-day gain in history. SK Hynix rose nearly 30%, while Samsung Electronics gained over 26%. The Nikkei 225 expanded by 5% to 64,989.78 points. SoftBank shares jumped 15% at one point, hitting the daily limit.

Mammut to Be Acquired by Chinese Capital After Arc'teryx

On the evening of July 30, CPE Yuanfeng, a Chinese-backed investment firm, announced the full acquisition of Swiss premium outdoor brand Mammut. Following the deal, both Mammut and Arc'teryx, two top-tier international hardcore outdoor brands, will be managed under Chinese holding systems鈥擟PE Yuanfeng and Anta, respectively. This reshapes the competitive landscape of China's high-end outdoor industry.