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Chinese carmaker FAW and Alibaba have opened a joint lab in Changchun to develop automotive foundation models using the Qwen framework. The initiative…

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Chinese carmaker FAW and <a href="/company/alibaba">Alibaba</a> have opened a joint lab in Changchun to develop automotive foundation models using the Qwen framework. The initiative will apply language and multimodal <a href="/industry/ai">AI</a> to vehicle R&amp;D, mobility, and smart manufacturing, with plans to expand into embodied intelligence and support AI talent development.

<a href="/company/tesla">Tesla’s</a> launch of the six-seat Model Y L drew swift reactions from Chinese <a href="/industry/ev">EV</a> leaders. <a href="/company/li-auto">Li Auto</a> CEO Li Xiang called it a “worthy” pure electric SUV, while <a href="/company/nio">Nio</a> CEO William Li said improving infrastructure and product innovation are driving a shift toward larger vehicle formats in China.

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%.

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.

<a href="/company/gac">GAC Group</a> 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 <a href="/industry/ev">EV</a> models, with deliveries expected to begin in the first quarter of 2026.

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 <a href="/company/xiaomi">Xiaomi</a> and <a href="/company/pop-mart">Pop Mart</a> reflects China’s rebound and growing discontent with local market returns.

Trendyol, Baykar CEO Haluk Bayraktar, ADQ, and <a href="/company/ant-group">Ant International</a> have agreed to jointly explore a <a href="/industry/fintech">fintech</a> venture in Turkey offering payments, loans, insurance, and more. Aimed at individuals and small businesses, especially Trendyol sellers, the initiative will blend <a href="/industry/e-commerce">e-commerce</a> infrastructure with <a href="/industry/ai">AI</a>-driven tools. The venture is pending regulatory approval.

Lynk &amp; 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 &amp; Co 10 EM-P hybrid sedan will launch by the end of Q3.

<a href="/company/openai">OpenAI</a> 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.

<a href="/company/tencent">Tencent</a> has launched free <a href="/industry/ai">AI</a>-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 <a href="/company/deepseek">DeepSeek</a> models and targets both casual and creative use cases.

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.

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Deals in brief: Augmentus raises Series A+ funding, Coda to acquire Recharge, Origgin Capital debuts second fund, and more

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South Korea's Krafton is working with Nvidia while DeepSeek powers Chinese companies.

Asian game developers use AI to breathe new life into characters

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The Silicon Valley entrepreneur has turned his body into a living experiment in a bid to reframe longevity as a solvable problem.

Bryan Johnson: The man trying to engineer longevity into the human condition

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Deals in brief: Augmentus raises Series A+ funding, Coda to acquire Recharge, Origgin Capital debuts second fund, and more

Asian game developers use AI to breathe new life into characters

Bryan Johnson: The man trying to engineer longevity into the human condition