A newly created account bought a position on IG defeating AL in predict.fun’s LPL playoff market, with an average entry price of 52.7 cents and 93,177.33 shares purchased. According to Odaily, the account address is 0x3Cd7e08013eF05BBBc817FeAd9AEC9D538Cb790d. The match began at 17:00 on September 12 in a best-of-five format, and IG currently leads 1-0. The winner will advance to the September 13 final against BLG for the LPL Summer Split title and a Worlds berth, while the loser will enter the bubble stage.

According to Jin10, Cui Dongshu, secretary-general of the China Passenger Car Association branch, said the passenger vehicle market's 5.5% month-on-month retail rebound in August 2026 reflected a mix of factors, including high oil prices, weaker macro conditions, rising policy expectations, and the Chengdu Auto Show. He said geopolitical conflict has continued to disrupt navigation through the Strait of Hormuz, keeping international oil prices volatile at high levels, while domestic gasoline prices in China have risen by more than 1,720 yuan per ton in 2026, including an increase of 180 yuan since late July. Cui said the rollout of new national safety standards for new energy vehicles has pushed compliant products to update and launch in batches, and that the higher technical threshold is shifting the industry from price competition to value competition. He added that the July Politburo meeting made clear that fiscal support would be strengthened and policies to expand domestic demand and boost consumption would continue to be implemented, providing bottom support for the auto market.

According to Wallstreetcn, Xiaomi Group Senior Vice President and China President Wang Xiaoyan said some Xiaomi Home stores saw peak-hour traffic surge 400% over the past two days.

CryptoQuant analyst Darkfost said the total stablecoin market capitalization has fallen to $144.5 billion, below the 365-day average of $147.4 billion. According to Foresight News, Darkfost said stablecoin market outflows have exceeded inflows over the past year, which is typically seen in bear markets. He added that the market needs to see this long-term flow trend reverse and push total stablecoin market capitalization back above the annual average.

According to Jin10, U.S. President Donald Trump said oil prices will plunge when the Iran war ends.

According to Wallstreetcn, Cui Dongshu, secretary general of the China Passenger Car Association's branch, said August 2026 auto retail sales rose 5.5% month on month, driven by high oil prices, weaker macro conditions, rising policy expectations, and the Chengdu Auto Show. He said geopolitical conflict continued to disrupt navigation through the Strait of Hormuz, keeping international oil prices at a high level, while domestic gasoline prices in 2026 have been raised by more than 1,720 yuan per ton in total, including a 180 yuan increase since late July, sharply lifting the cost of owning fuel vehicles and causing domestic demand for fuel passenger cars to shrink sharply. He added that manufacturing PMI rose 0.6 percentage point month on month to 49.8% in August, still below the boom-bust line, and that terminal demand and foot traffic showed a pattern of weakness early in the month and improvement later on.

KPMG China said energy has moved from a cost item to a board-level operating variable for large companies, as Jiemian News reported on September 11 during the 2026 China International Fair for Trade in Services. KPMG China Energy Transition and Circular Economy lead partner Li Jing said firms now face three simultaneous changes: shifting prices as power market rules evolve and China expands its carbon market to steel, cement and aluminum smelting; customers demanding proof of emissions, energy sources and accounting methods; and AI computing reshaping electricity demand from an access issue into a planning issue. Li said the rules for Chinese energy companies going overseas have changed, citing the EU carbon border adjustment mechanism taking effect from 2026, the European Commission's Foreign Subsidies Regulation and the U.S. Inflation Reduction Act and related tax guidance. He said project returns are now shaped by product pricing, customer access, supply-chain structure and tax eligibility, while overseas project cash flow does not guarantee money can be repatriated to the parent group. He also said companies should stress-test major overseas investments against carbon-border rules, subsidies, critical minerals, trade restrictions, data rules and localization requirements. China's 15th Five-Year Plan for the energy system sets a 2030 target to initially build a new power system, including a 50% share of non-fossil power generation, high-level consumption of more than 2.8 billion kilowatts of new energy, charging infrastructure for more than 110 million electric vehicles, around 410 million kilowatts of conventional hydropower, about 110 million kilowatts of nuclear power, and about 65 million kilowatts of biomass, solar thermal, geothermal and marine energy capacity. KPMG China board member and Asia-Pacific and China energy, natural resources and chemicals lead partner Cai Zhongquan said these targets mean energy companies need systemic restructuring, not incremental optimization, and should expand into new businesses such as direct green power supply, zero-carbon parks and vehicle-grid interaction. Li said short-duration storage, especially on the grid side and in commercial and industrial use, is the most likely area for near-term commercialization, while hydrogen is unlikely to achieve an economic breakthrough within two to three years. He said the real winners in the next two to three years will be scenarios whose revenue mechanisms are first recognized by rules, rather than technologies with the fastest cost declines.

China’s artificial intelligence industry is moving away from competition in large models and computing power and toward deploying and commercializing AI agents, according to Bloomberg reported. The shift was cited in a report by the China Telecom Research Institute and aired by China Central Television on Saturday.

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