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Falcon Aviation eyes liftoff with low-cost, airworthy aircraft engines

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Pulses

ByteDance denies TikTok US sale report

just now
Sina
ByteDance has denied reports that it agreed to sell TikTok’s US operations to an Oracle-led American consortium, calling the claims inaccurate. Any such deal would require approval from both the US and Chinese governments, with a US-imposed deadline set for September 17.

Trump imposes new wave of global tariffs

just now
AP News
US President Donald Trump has announced 25% tariffs on goods from Japan and South Korea, and up to 40% on imports from a dozen other nations, effective August 1. The move, framed as an economic emergency, drew criticism from trade allies and rattled markets amid recession fears.

Guizhou emerges as China’s backup base

just now
SCMP
Amid trade frictions with the US, China is turning to inland regions like Guizhou as industrial backup zones. The mountainous province is attracting investment in aviation, data infrastructure, and relocated manufacturing, backed by central support under a new “strategic hinterland” initiative tied to China's next five-year plan.

China to curb price war in solar panel industry

just now
Nikkei Asia
The Chinese government has pledged to curb disorderly price competition in its solar panel industry and guide weaker producers toward exit or restructuring. The move comes amid falling prices and rising losses from overcapacity, threatening the viability of a industry where China holds over 80% of global capacity.

East Ventures invests in Sxored

just now
East Ventures
Sxored, a Jakarta-based credit tech startup, has raised funding from East Ventures to expand its AI-powered platform for credit document analysis. The system uses OCR and machine learning to detect fraud, extract borrower data, and appraise collateral, aiming to cut costs and improve accuracy for lenders. Ten pilot programs are said to be underway.

Jack Dorsey launches offline chat app Bitchat

just now
CNBC
Jack Dorsey has launched Bitchat, a peer-to-peer messaging app that reportedly operates over Bluetooth mesh networks with no internet, servers, or user data. Now in beta, the app supports encrypted, ephemeral chats and group rooms, expanding Dorsey’s push for off-grid, censorship-resistant communication.

Hikvision challenges Canada expulsion order

just now
Reuters
Hikvision is seeking a judicial review of Canada’s June 27 order requiring it to cease operations on national security grounds. Its Canadian unit has resumed business under a temporary agreement with the attorney general while the court considers its motion to stay the order.

J&T delivers over seven billion parcels in Q2

just now
J&T Express
J&T Express reported a 23.5% YoY rise in Q2 parcel volume to 7.39 billion. Southeast Asia led with a record 65.9% growth, driven by e-commerce partnerships and infrastructure expansion. China and new markets also posted double-digit gains as the company scaled its global logistics network.

Huayou Cobalt sees up to 67.6% profit rise

just now
36Kr
Huayou Cobalt expects H1 2025 net profit to reach RMB 26–28 billion, up 55.6–67.6% YoY. The outlook reflects stronger cobalt prices, operational restructuring, and cost-efficiency improvements under its integrated production strategy.

Huawei denies copying Alibaba AI model

just now
Reuters
Huawei’s Noah Ark Lab has rejected claims that its Pangu Pro MoE model copied from Alibaba’s Qwen 2.5 14B. The allegations, made by an anonymous group called HonestAGI in a GitHub paper, cited strong similarities and potential copyright violations. Huawei said the AI model was independently developed on its Ascend chips and complies with open-source rules.

China weighs doubling southbound bond quota

just now
Bloomberg
China is considering expanding its Southbound Bond Connect quota to RMB 1 trillion, including a new annual allotment for non-bank financial institutions, according to sources. The move would broaden access to offshore bonds via Hong Kong and support Beijing’s push to ease capital controls.

FII expects up to 52.1% Q2 profit growth

just now
36Kr
Foxconn Industrial Internet (FII) expects Q2 2025 net profit to rise 47.7–52.1% YoY to RMB 67.3–69.3 billion, with H1 profit projected to increase up to 39.1%. Growth is driven by surging demand for data center servers amid the AI boom, with cloud server revenue up over 50% and AI server sales rising more than 60%.

Shieldbase secures new funding

just now
GenAI Fund
Shieldbase AI, a startup developing an enterprise operating system for the AI era, has raised new funding in a round co-led by GenAI Fund and First Move, with participation from Tenity and undisclosed angel investors. The company addresses fragmentation by unifying siloed tools, data, and agents within a secure orchestration layer.

Rockchip expects strong H1 growth

just now
36Kr
Chinese fabless chipmaker Rockchip expects H1 2025 revenue to rise about 64% YoY to RMB 20.45 billion, with net profit projected at RMB 5.2–5.4 billion, up 185–195%. The growth is driven by flagship and mid-tier AIoT products, with continued expansion in the automotive, industrial control, and robotics sectors.

Vivo debuts compact flagship X200 FE

just now
Vivo
Vivo has launched the X200 FE, its first compact flagship smartphone in the X series. Weighing just 186 grams, the device features a 50-megapixel Zeiss telephoto lens, a Dimensity 9300+ chip, and a 6,500-milliampere-hour battery in a one-handed form factor.

Pony.ai to launch robotaxi trials in Dubai

just now
Pony.ai
Pony.ai and Dubai’s Roads and Transport Authority have signed a deal to begin supervised robotaxi trials in 2025, with plans to launch fully driverless service in 2026. The rollout supports Dubai’s goal of making 25% of all trips autonomous by 2030 and extends Pony.ai’s global footprint after deployments in South Korea, Luxembourg, and Singapore.

Apple supplier prices HK IPO at top end

just now
Bloomberg
Apple supplier Lens Technology has raised HKD 4.8 billion after pricing its Hong Kong listing at HKD 18.18 per share, the top of its marketed range and a 30% discount to its Shenzhen close. Proceeds will support the company's international expansion and smart manufacturing upgrades.

Yonghui unveils anti-graft measures

just now
Ebrun
Yonghui Superstores issued an open letter to suppliers on July 7 outlining new anti-corruption measures across its supply chain. The company pledged zero tolerance for misconduct, fully digital vendor onboarding, and streamlined payments as part of a broader effort to enhance transparency and operational efficiency.

Xiaomi denies Leica partnership split

just now
Jiemian News
Xiaomi has refuted reports that it is ending its partnership with German optics firm Leica. PR chief Wang Hua dismissed the claims on July 6, stating that the two companies continue to co-develop mobile imaging systems used in Xiaomi's smartphones. Rumors had surfaced in May after Leica’s watermark briefly disappeared from some Xiaomi camera apps.

Zhipu AI secures RMB 1 billion investment

just now
Caixin
Zhipu AI has secured RMB 1 billion in new funding from Shanghai’s PDVC and Zhangjiang Group, following a similar-sized round in March. The investment comes as Zhipu advances its IPO plans, with regulatory filings showing it began IPO guidance in April.
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