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TikTok’s prospective buyer, as alluded to by US President Donald Trump, is reportedly the same group co-led by Oracle, Blackstone, and Andreessen Horo…

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TikTok’s prospective buyer, as alluded to by US President Donald Trump, is reportedly the same group co-led by Oracle, Blackstone, and Andreessen Horowitz that backed a previous bid, which stalled earlier this year amid US-China tensions. The revived deal, which would lower <a href="/company/bytedance">ByteDance’s</a> stake below 20%, now hinges on Chinese government approval ahead of a September deadline.

<a href="/company/openai">OpenAI</a> said it has no plans to use Google’s <a href="/industry/ai">AI</a> chips at scale, two days after reports suggested it was turning to its rival’s TPUs to meet rising demand. A spokesperson said only early testing is underway. OpenAI continues to rely on <a href="/company/nvidia">Nvidia</a> and AMD chips and is developing its own, expected to reach tapeout this year. It also uses Google Cloud and CoreWeave to meet compute needs.

Meta has announced Meta Superintelligence Labs, a new division uniting its <a href="/industry/ai">AI</a> research and product teams under former Scale CEO Alexandr Wang. CEO Mark Zuckerberg said the effort marks the company’s push toward “superintelligence,” supported by hires from <a href="/company/openai">OpenAI</a>, DeepMind, and Anthropic, as Meta works to regain ground in the AI race.

<a href="/company/baidu">Baidu</a> has open-sourced ten variants of its Ernie 4.5 <a href="/industry/ai">AI</a> models on Hugging Face, marking a shift from its earlier proprietary stance. Ranging up to 424 billion parameters, the models were released under an Apache 2.0 license. Baidu said its 300-billion-parameter model outperformed rivals like <a href="/company/deepseek">DeepSeek’s</a> V3, joining a broader trend among Chinese tech firms embracing open AI.

New World Development has secured HKD 88.2 billion in loan refinancing, easing pressure on one of Hong Kong’s most indebted developers. The package follows months of negotiations and the departure of former CEO Adrian Cheng. CEO Echo Huang said the deal enhances operational flexibility as the firm focuses on debt reduction and cash flow.

Chinese chipmaker Sophgo has adapted its FP300 compute card to run <a href="/company/deepseek">DeepSeek’s</a> R1 model, passing verification by state lab CTTL. The milestone underscores growing collaboration between Chinese chip and <a href="/industry/ai">AI</a> firms as they work to replace foreign tech amid tightening export controls.

Noetix Robotics, once struggling to find buyers, is scaling fast after its N2 robot completed a televised half-marathon. Founder Jiang Zheyuan plans to deliver 2,000 units by year’s end and raise USD 35 million. With orders flooding in, the Beijing-based startup is expanding production, eyeing a Hong Kong IPO by 2026, and prepping for a larger robot sports event.

<a href="/company/baidu">Baidu</a> has named He Haijian as CFO, effective July 1, per an internal memo from CEO Robin Li. He joins from Kingsoft Cloud, where he led dual listings in the US and Hong Kong. Acting CFO He Junjie will now head HR and administration. Cui Shanshan steps back from HR duties but stays on as secretary of Baidu’s culture committee.

<a href="/company/meituan">Meituan</a> is rolling out a network of centralized, transparent kitchens to improve food safety in delivery. Supported by traceable sourcing, live streamed preparation, and tools like Kuailv, the program plans to open 1,200 sites over three years. Participating merchants are rated through Meituan’s in-house food safety index, with over 100 already onboard.

<a href="/company/nio">Nio</a> has started rolling out its “world model” (NWM) to five vehicle models, said CEO William Li on Weibo, marking the commercial debut of its in-house Shenji NX9031 chip. Built for long-term performance, safety, and imaging, the chip reportedly matches four Orin X processors. Despite early setbacks, NX9031 entered production ahead of schedule and is boosting vehicle features and margins.

<a href="/company/dji">DJI</a> has launched the FlyCart 100, a new delivery drone with payloads up to 80 kilograms, faster charging, and enhanced safety systems including LiDAR and parachute deployment. The FC100 also features modular winch options, improved terrain sensing, and app-based delivery tools to support advanced low-altitude operations.

Xiaomi crafts affordable smartphones, wearables, and IoT devices, appealing to users who seek innovation, quality, and budget-friendly tech.

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Xiaomi’s YU7 preorder frenzy signals a new phase in China’s EV race

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With greater payload capacity, enhanced safety systems, and redesigned winches, the FC100 is built for jobs that demand more.

Meet the FlyCart 100: DJI’s new drone built for rugged missions

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Under new leadership and a revamped retail approach, Maia Active is narrowing its focus, trimming SKUs, and aiming to become China’s Lululemon alternative.

TikTok US bid revived by same backers

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