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Alibaba is set to exit India’s Eternal through a block deal worth INR 53.75 billion, CNBC-Awaaz reported. Its unit Antfin Singapore will sell its enti…

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<a href="/company/alibaba">Alibaba</a> is set to exit India’s Eternal through a block deal worth INR 53.75 billion, <em>CNBC-Awaaz</em> reported. Its unit Antfin Singapore will sell its entire 2.08% stake at INR 285 per share, reflecting a 4.6% discount to Eternal’s August 6 closing price. Eternal owns Zomato and Blinkit.

<a href="/company/xpeng">Xpeng Motors</a> has launched an all-new P7 sedan in Beijing, offering up to 820 kilometers of CLTC-rated range and powered by in-house <a href="/industry/ai">AI</a> chips supporting voice, cockpit, and driving functions. Featuring 800-volt fast charging, streamlined aerodynamics, and a tech-focused luxury interior, the <a href="/industry/ev">EV</a> reportedly secured over 10,000 preorders within seven minutes.

<a href="/company/xiaomi">Xiaomi</a> has hired Kai Langer, former head of design for BMW’s i series, as it expands its <a href="/industry/ev">EV</a> ambitions. Langer joins Li Tianyuan, formerly the lead designer of BMW’s iX SUV, to help shape Xiaomi’s car lineup. The duo represents a fusion of legacy automotive expertise with the company’s tech-driven approach to EVs.

Video streaming platform iQiyi is in talks to raise USD 300 million through a Hong Kong listing, joining a wave of US-listed Chinese firms moving closer to home amid renewed delisting risks under US audit laws. The <a href="/company/baidu">Baidu</a>-backed company has not confirmed a timeline or deal structure.

Chinese open-source <a href="/industry/ai">AI</a> models have reportedly gained traction on Hugging Face, led by Kimi-K2-Instruct with over 400,000 downloads in a month and a daily average of 16,000. DeepSeek-V3-0324 and R1-0528 also topped 15,000 daily downloads. All three models rank among the largest in scale, with parameter counts from 670 billion to one trillion.

<a href="/company/huawei">Huawei</a> has filed a new patent lawsuit against Transsion at the Unified Patent Court in Munich, accusing the smartphone maker of infringing a video image filtering patent. It is Huawei’s second case against Transsion, which is also facing a separate patent dispute with Qualcomm in India.

<a href="/company/xiaomi">Xiaomi</a> has reportedly integrated <a href="/company/sensetime">SenseTime’s</a> SenseChat platform into its <a href="https://kr-asia.com/xiaomi-steps-into-smart-eyewear-with-voice-enabled-glasses-built-for-everyday-use">AI glasses</a>, enabling real-time voice and video interaction with fast response, memory of past conversations, and improved noise filtering. The rollout signals deeper <a href="/industry/ai">AI</a> integration in wearables, with nearly 50,000 units sold in the first three days.

Container rates from China to the US have dropped nearly 60% after a brief surge driven by a tariff pause. With retailers already stocked up and factory orders declining, analysts expect weak demand through early 2026. Carriers are cutting capacity by skipping sailings or shifting vessels to intra-Asia routes.

Heytea has launched its first co-branding of the year with Japanese IP Chiikawa, ending an eight-month hiatus. Rolled out via <a href="/company/alibaba">Alibaba’s</a> Alifish, the campaign features returning drinks, themed visuals, and merchandise, tapping into the growing appeal of IP-based collaborations in China’s consumer market.

<a href="https://kr-asia.com/vasts-tripo-ai-brings-generative-ai-to-3d-modeling">Tripo AI</a>, a 3D content platform developed by Vast and showcased at this year’s ChinaJoy, was reportedly used in <a href="/company/netease">NetEase’s</a> <em>Where Winds Meet</em>, launched in December 2024 as a potential blockbuster. The release underscores the expanding role of <a href="/industry/ai">AI</a> in China’s <a href="/industry/gaming">game development</a> industry.

<a href="/company/openai">OpenAI</a> has released two compact open-weight models, GPT-OSS-120B and GPT-OSS-20B, marking its first open launch since 2019. Available on Hugging Face and other platforms, the models can generate text and handle tasks like coding. While the weights are open, the training data remains undisclosed, stopping short of full open-source status.

Agent Universe’s latest venture ditches the leaderboard model in favor of community, credibility, and signal over noise in an era of information overload.

Could Watcha be “China’s Product Hunt” for AI products?

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Alibaba to exit Eternal via block deal

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