Xiaomi to unveil YU7 pricing on June 26

Huawei is interested in investing in Brazil’s data center market but is awaiting the potential rollout of a tax break for tech investments. The company could provide storage, connectivity, and energy support if the policy is implemented. A government proposal is expected to reach Congress soon.

BYD said it is the first automaker to offer full liability coverage for assisted parking under its DiPilot system in China, allowing users to bypass insurance claims for eligible incidents. The pledge reflects growing confidence in its technology and coincides with the largest DiPilot upgrade to date, adding new features across parking, driving, and safety.

Singapore-based Augmentus has raised USD 11 million in Series A+ funding to scale deployment of its AI-powered no-code robotics systems for manufacturing. The round, led by Woori Venture Partners with participation from EDBI, Sierra Ventures, and Cocoon Capital, will support the startup's regional expansion, order fulfillment, and R&D into adaptive automation.

Chile's Codelco and Huawei have signed an MoU to explore joint pilot projects aimed at advancing digital transformation and operational efficiency in mining. Focus areas include AI for automation, cloud services, and site connectivity. The partnership follows Codelco’s tech-focused visit to China earlier this year.

OpenAI is set to launch an AI-powered browser built on Chromium in the coming weeks, according to sources. Designed to integrate agentic tools and keep users within a native chat interface, the browser could challenge Google Chrome’s dominance and erode Alphabet’s ad data advantage. Chrome currently holds over two-thirds of the global market.

Linda Yaccarino resigned as X CEO on July 9, a day after the platform’s Grok chatbot posted antisemitic and threatening content. Appointed in 2023 to help restore ad revenue following Elon Musk’s loosening of content rules, Yaccarino gave no reason for her departure. Her tenure focused on rebuilding advertiser relationships.

Douyin E-commerce said its merchant support policies saved sellers over RMB 14 billion in the first half of 2025, including RMB 3 billion in June alone. A key deposit reduction policy reportedly unlocked more than RMB 15 billion in withdrawable funds. The platform plans to expand support in the second half to ease costs and improve business stability.

Nvidia became the first company to surpass a USD 4 trillion market cap after shares hit USD 164.42 on July 9, fueled by surging AI demand and renewed capital spending from major clients. Now making up about 7.5% of the S&P 500, the stock has climbed more than tenfold since 2023, despite trade tensions and rising competition.

China’s consumer prices rose 0.1% YoY in June, marking the first increase in five months as measures to spur demand showed initial impact. Core CPI reached a 14-month high at 0.7%, while the producer price index fell 3.6% amid ongoing deflationary pressure. Prices of high-tech and energy products showed signs of stabilizing.

JD.com has pledged over RMB 10 billion to boost benchmark brand sales and gain ground in China’s booming on-demand delivery market. The move intensifies its rivalry with Meituan and Alibaba as daily orders surpass 200 million and subsidy-fueled price wars mount.