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Chinese EV leaders react to Model Y L

just now
Jiemian News
Tesla’s launch of the six-seat Model Y L drew swift reactions from Chinese EV leaders. Li Auto CEO Li Xiang called it a “worthy” pure electric SUV, while Nio CEO William Li said improving infrastructure and product innovation are driving a shift toward larger vehicle formats in China.

Shanghai tops China in vehicle exports

just now
Cailian Press
Shanghai exported 1.275 million vehicles through its port in H1 2025, up 13% YoY, according to customs data. It ranked first nationwide by volume. Since 2020, annual exports have risen from around 379,000 to 2.39 million, with an average annual growth rate of 58.4%.

Trump claims restraint on Powell ouster

just now
CBS News
US President Donald Trump said he asked a group of Republican lawmakers whether he should fire Federal Reserve chair Jerome Powell, and most backed the idea. “Almost all of them said I should,” he told reporters. “But I’m more conservative than they are.” The Fed chair can be removed only “for cause,” a legal standard that remains untested.

GAC to debut Aion EVs in UK market

just now
Jiemian News
GAC Group has signed a joint venture with Jameel Motors, marking its official entry into the UK market. The partners plan to launch the Aion V and Aion UT EV models, with deliveries expected to begin in the first quarter of 2026.

South Koreans boost China stock bets

just now
China Securities Journal
South Korean investors have poured more than USD 5.4 billion into Chinese and Hong Kong equities so far this year, making China their second largest overseas market after the US, according to the Korea Securities Depository. Appetite for names like Xiaomi and Pop Mart reflects China’s rebound and growing discontent with local market returns.

Trendyol, Ant explore Turkey fintech venture

just now
Reuters
Trendyol, Baykar CEO Haluk Bayraktar, ADQ, and Ant International have agreed to jointly explore a fintech venture in Turkey offering payments, loans, insurance, and more. Aimed at individuals and small businesses, especially Trendyol sellers, the initiative will blend e-commerce infrastructure with AI-driven tools. The venture is pending regulatory approval.

Lynk & Co passes 1.5 million deliveries

just now
36Kr
Lynk & Co said it has delivered over 1.5 million vehicles to date, with an average sale price of RMB 189,000 in May. The brand led resale value rankings with nine models in the top ten and confirmed that the Lynk & Co 10 EM-P hybrid sedan will launch by the end of Q3.

OpenAI to integrate shopping in ChatGPT

just now
Financial Times
OpenAI is developing in-app checkout for ChatGPT, enabling users to complete purchases without leaving the platform. The move would allow it to collect commissions from merchants, expanding monetization beyond subscriptions. Partners like Shopify are testing the system, which could challenge Google’s search-based ad model.

Tencent adds photo editing to Yuanbao

just now
36Kr
Tencent has launched free AI-driven photo editing tools in Yuanbao, letting users transform images with text prompts. The update supports effects like background swaps, lighting, and styles such as anime or watercolor. Available on mobile, desktop, and web, it runs on Hunyuan and DeepSeek models and targets both casual and creative use cases.

xAI eyes Saudi data center deal

just now
Bloomberg
xAI is in early talks to lease data center space in Saudi Arabia, including future capacity from PIF-backed Humain and a nearer-term 200 MW option. The discussions reflect the firm’s push for affordable energy and sovereign-aligned infrastructure outside the US.

Tesla to relaunch Model 3+ in China

just now
Cailian Press
Tesla is set to relaunch a Model 3 variant in China as early as September, priced around RMB 270,000. Listed as "Model 3+" in MIIT filings, the sedan will feature a ternary lithium battery and is expected to exceed 600 kilometers of range.

China vows to curb EV price war

just now
Reuters
China’s cabinet pledged to tackle “irrational” competition in the EV sector, vowing tighter cost reviews and price monitoring as a prolonged price war drags on. Automakers were urged to honor supplier payment terms, with support promised via tech upgrades. Officials also discussed boosting consumption by removing barriers and updating trade-in policies.

Didi, Haidilao link up on loyalty perks

just now
Ebrun
Didi has partnered with hotpot chain Haidilao to integrate their membership programs, offering tier-matched perks across mobility and dining. The tie-up, Didi’s first with a restaurant brand, marks a push to explore bundled value-added services in China’s ride-and-dine space.

Nvidia’s China sales tied to rare earth deal

just now
Reuters
Nvidia plans to resume H20 chip sales to China under a US trade deal involving rare earth exports, commerce secretary Howard Lutnick confirmed. The move has drawn bipartisan concern over potential support for China’s AI sector, as firms like Tencent reportedly prepare orders. The H20 chips lack peak performance but retain access to Nvidia’s core software tools.

Xiaomawang closes Series D round

just now
Jiemian News
Xiaomawang, a major player in China’s children’s coding education market, has closed a Series D funding round worth a nine-figure RMB sum, backed mainly by state-linked funds. The company plans to expand AI-focused courses, deepen partnerships with public schools, and grow its national campus network as it shifts toward scalable, future-oriented programming education.

LinkU partners TikTok in Southeast Asia

just now
LinkU
LinkU is partnering with TikTok to connect over 340 creators and publishers across Southeast Asia, starting in Indonesia. The platform aims to boost engagement through private chats, exclusive content, and fan rewards, supporting growth in the regional creator economy.

China gives ocean data centers a go

just now
Scientific American
China has begun building a wind-powered underwater data center near Shanghai to ease energy and water use in AI infrastructure. Using seawater cooling, the Hailanyun-led project claims 30% lower electricity consumption than land-based sites, as China pushes for greener digital growth.

ChaPanda to open two stores in Singapore

just now
ChaPanda
Chinese tea chain ChaPanda will officially debut in Singapore on July 18, with store openings at *Scape and Northpoint City. Launch perks include buy-one-get-one drinks, city-themed merchandise, scratch card giveaways, and more.

FAW, Alibaba team up on automotive AI

just now
Leiphone
Chinese carmaker FAW and Alibaba have opened a joint lab in Changchun to develop automotive foundation models using the Qwen framework. The initiative will apply language and multimodal AI to vehicle R&D, mobility, and smart manufacturing, with plans to expand into embodied intelligence and support AI talent development.

Sam’s Club under fire for “general” items

just now
Global Times
Sam’s Club is reevaluating its product lineup after member backlash over the sale of goods from "general" supermarket brands. Walmart China said it values the feedback and will adjust accordingly, as critics warn the shift risks eroding the chain’s premium appeal. Some products, including Orion pies, have since been pulled.
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