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These middle-aged men know Xiaohongshu better than anyone, and they’re all in Zhengzhou

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Tesla ends Dojo supercomputer program

just now
Bloomberg
Tesla is disbanding its Dojo supercomputer team and shifting to external chipmakers including Nvidia, AMD, and Samsung for AI compute. Program lead Peter Bannon will depart, and remaining staff are being reassigned. The move comes amid wider executive exits and the emergence of spinoff DensityAI.

GM taps China’s CATL for Bolt batteries

just now
WSJ
General Motors will source batteries from China’s CATL for its next-generation Chevrolet Bolt, set to launch in 2026, absorbing steep tariffs to keep costs down. The two-year arrangement serves as a stopgap until GM and South Korean partner LG begin US battery production in 2027.

Ant pushes RWA tokenization in Hong Kong

just now
SCMP
Ant Digital Technologies is promoting its Jovay blockchain platform for real-world asset (RWA) tokenization in Hong Kong, positioning itself as a bridge between Web2 and Web3. The push comes as the city’s stablecoin law takes effect, with Jovay set to launch in September.

US lawmakers reject DJI outreach

just now
Bloomberg
Chinese drone maker DJI faces a potential US ban unless it passes a national security audit, but no agency has stepped forward to conduct the review. Despite holding 70% of the US commercial drone market, DJI reportedly said lawmakers have ignored its outreach amid growing concerns over Chinese technology and data security.

Huawei-Chery JV plans RMB 10 billion push

just now
Reuters
Huawei and Chery's EV joint venture plans to invest over RMB 10 billion and expand its R&D team to 5,000, aiming to strengthen its technology lead, the company said in a WeChat post. No timeline was provided for the expansion.

Exporters bet on Chinese yuan’s stability

just now
Reuters
Chinese firms sold a record USD132.5 billion in USD-RMB options in H1 2025 as exporters leveraged low Chinese yuan volatility to hedge currency risk and boost returns. Despite greenback weakness, many retained foreign exchange holdings, avoiding conversion into low-yielding yuan.

Hema addresses store closure rumors

just now
Sina
Alibaba’s Hema plans to open 100 new stores this fiscal year, bringing its total to over 500. Addressing closure rumors, the company said shutdowns of its X membership stores affected less than 2% of locations. Hema recently reported its first full-year profit and ranked among China’s top three supermarket chains by sales.

China pressure drives GM-Hyundai deal

just now
Reuters
General Motors and Hyundai will co-develop five vehicles by 2028, including pickup trucks for Latin America and an electric van for the US, in response to China’s growing EV dominance. The partnership targets lower costs and 800,000 units a year, though analysts doubt its ability to match China’s price advantage.

ASEAN, private firms boost China trade

just now
China Customs
China’s goods trade rose 3.5% YoY to RMB 25.7 trillion in the first seven months of 2025, as exports grew 7.3% and imports fell 1.6%. Trade with ASEAN expanded 9.4%, while US trade declined 11.1%. Private firms accounted for over half of total trade. Electromechanical and car exports climbed, while lower prices pulled down major commodity imports.

Li Auto, CAERI apologize for crash test controversy

just now
Jiemian News
After backlash over a controversial Li i8 crash test that implicated a Chenglong truck, Li Auto and CAERI issued an apology to Dongfeng Liuzhou Motor, stating the test was not intended to assess other brands. In a joint statement, the three firms called for fair competition and stricter safeguards in vehicle testing.

Envision hits three years of carbon neutrality

just now
Envision Energy
Envision Energy achieved operational carbon neutrality for the third consecutive year in 2024, reducing Scope 1 and 2 emissions by 91% from baseline. Its digital platform supports supplier decarbonization, with 18% reportedly using 100% renewable power. CDP recognized the company with a top-tier climate rating for its efforts.

WorldFirst gains licence in Malaysia

just now
WorldFirst
WorldFirst, part of Ant International, has secured approval and a Class A licence from Bank Negara Malaysia to expand its digital payment and treasury services. The licence allows WorldFirst to support SMEs in cross-border trade as Malaysia pushes forward with its digital economy goals.

Xpeng unveils redesigned P7 sedan

just now
Jiemian News
Xpeng Motors has launched an all-new P7 sedan in Beijing, offering up to 820 kilometers of CLTC-rated range and powered by in-house AI chips supporting voice, cockpit, and driving functions. Featuring 800-volt fast charging, streamlined aerodynamics, and a tech-focused luxury interior, the EV reportedly secured over 10,000 preorders within seven minutes.

Alibaba to exit Eternal via block deal

just now
Reuters
Alibaba is set to exit India’s Eternal through a block deal worth INR 53.75 billion, CNBC-Awaaz reported. Its unit Antfin Singapore will sell its entire 2.08% stake at INR 285 per share, reflecting a 4.6% discount to Eternal’s August 6 closing price. Eternal owns Zomato and Blinkit.

Xiaomi hires BMW veteran Kai Langer

just now
Sina
Xiaomi has hired Kai Langer, former head of design for BMW’s i series, as it expands its EV ambitions. Langer joins Li Tianyuan, formerly the lead designer of BMW’s iX SUV, to help shape Xiaomi’s car lineup. The duo represents a fusion of legacy automotive expertise with the company’s tech-driven approach to EVs.

iQiyi plans secondary listing in Hong Kong

just now
Bloomberg
Video streaming platform iQiyi is in talks to raise USD 300 million through a Hong Kong listing, joining a wave of US-listed Chinese firms moving closer to home amid renewed delisting risks under US audit laws. The Baidu-backed company has not confirmed a timeline or deal structure.

Kimi K2 leads Hugging Face rankings

just now
36Kr
Chinese open-source AI models have reportedly gained traction on Hugging Face, led by Kimi-K2-Instruct with over 400,000 downloads in a month and a daily average of 16,000. DeepSeek-V3-0324 and R1-0528 also topped 15,000 daily downloads. All three models rank among the largest in scale, with parameter counts from 670 billion to one trillion.

Huawei sues Transsion again in Europe

just now
National Business Daily
Huawei has filed a new patent lawsuit against Transsion at the Unified Patent Court in Munich, accusing the smartphone maker of infringing a video image filtering patent. It is Huawei’s second case against Transsion, which is also facing a separate patent dispute with Qualcomm in India.

Xiaomi taps SenseTime for smart eyewear

just now
IT Zhijia
Xiaomi has reportedly integrated SenseTime’s SenseChat platform into its AI glasses, enabling real-time voice and video interaction with fast response, memory of past conversations, and improved noise filtering. The rollout signals deeper AI integration in wearables, with nearly 50,000 units sold in the first three days.

Tariff truce fails to lift sea freight

just now
Nikkei Asia
Container rates from China to the US have dropped nearly 60% after a brief surge driven by a tariff pause. With retailers already stocked up and factory orders declining, analysts expect weak demand through early 2026. Carriers are cutting capacity by skipping sailings or shifting vessels to intra-Asia routes.
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