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OpenAI has reportedly reached an annualized revenue run rate of USD 12 billion, fueled by widespread adoption of its ChatGPT products across consumer …

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<a href="/company/openai">OpenAI</a> has reportedly reached an annualized revenue run rate of USD 12 billion, fueled by widespread adoption of its ChatGPT products across consumer and enterprise markets. The platform now serves about 700 million weekly users as the company expands operations and seeks additional funding.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said White House talks on allowing sales of a reduced-capability version of its Blackwell GPU to China have begun but will take time. Trump has suggested permitting exports of chips 30–50% weaker than standard models. Huang said Nvidia is open to conditions, citing China’s USD 50 billion <a href="/industry/ai">AI</a> market potential.

Yadea, China’s leading two-wheeler maker, has opened a plant in Samut Prakan, Thailand, with plans to produce 600,000 e-scooters over three years. Its first model, the RS20, will launch at THB 41,900, about 30% below Honda’s mainline scooter. The move underscores intensifying Chinese-Japanese competition in Southeast Asia’s two-wheeler market.

On August 27, Wahaha chair Zong Fuli petitioned China’s top court and procuratorate to expedite a dispute over the employee shareholding committee’s 24.6% stake. The conflict traces back to contested 2018 buybacks and could decide whether Zong, who inherited 29.4% from her late father, becomes the group’s largest shareholder.

<a href="/company/sensetime">SenseTime</a> posted H1 2025 revenue of RMB 2.4 billion, up 36% YoY, driven by 73% growth in <a href="/industry/ai">generative AI</a>, which now accounts for 77% of its sales. Adjusted net loss narrowed 50%, while trade receivable collections hit a record RMB 3.2 billion, up 96%. Cash reserves rose to RMB 13.2 billion.

Chinese tea chain Heytea is under scrutiny after a media test found trans fatty acids in one of its milk tea drinks. The company said the content came from dairy milk, but critics pointed to earlier promises of zero trans fats. While levels meet national standards, the findings pose a challenge to Heytea's health-focused brand image.

<a href="/company/tesla">Tesla’s</a> European sales fell 40% YoY in July to 8,837 units, its seventh consecutive monthly decline, according to the European Automobile Manufacturers Association (ACEA). <a href="/company/byd">BYD</a>, meanwhile, rose 225% YoY to 13,503 registrations as it expands in Europe. Tesla’s challenges reportedly include an aging car lineup, intensifying competition, and reputational issues linked to Elon Musk.

Hollyland has consolidated with its overseas brand Moma to form the unified global brand Hollyland Moma. Co-founder Vincent Ma announced the move in Shenzhen, saying the realignment is intended to unify user experience and branding across markets for the company’s wireless audiovisual products.

<a href="/company/li-auto">Li Auto</a> plans to start mass producing its M100 autonomous driving chip this year while continuing to equip current models with chips from <a href="/company/nvidia">Nvidia</a> and Horizon Robotics. CTO Xie Yan is leading a co-optimization strategy aimed at boosting efficiency and reducing reliance on external suppliers. Executives said in-house chips tailored to Li Auto’s algorithms will improve both performance and cost competitiveness.

Dreame has announced it plans to enter the <a href="/industry/ev">EV</a> market, starting with a luxury car model set to debut in 2027. Positioned against the Bugatti Veyron, the car will feature a proprietary <a href="/industry/ai">AI</a>-driven companion system that learns driver habits and emotions, and cross-ecosystem connectivity with smart devices. A team of nearly 1,000 is reportedly developing the project.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said there is a “real possibility” of bringing the company’s Blackwell <a href="/industry/ai">AI</a> processors to China, pending US export approvals. He added that China’s AI market could grow 50% in 2026, calling it a USD 50 billion opportunity.

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Tencent&#8217;s game arm looks to its own IP for more growth beyond China

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A dispute over legacy buybacks could determine whether Zong Fuli secures her position as Wahaha’s largest shareholder.

Wahaha heiress takes shareholder fight to China’s top court

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OpenAI hits USD 12 billion in annualized revenue

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Tencent’s game arm looks to its own IP for more growth beyond China

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Wahaha heiress takes shareholder fight to China’s top court