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Xgimi Technology commenced production at its USD 14 million Vietnam plant on August 18, a key link in its global supply chain with annual capacity of …

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Xgimi Technology commenced production at its USD 14 million Vietnam plant on August 18, a key link in its global supply chain with annual capacity of one million projectors. The company, which earns nearly a third of its revenue overseas, is also eyeing a Hong Kong listing to support its expansion.

Z.ai, formerly Zhipu AI, has launched a free <a href="/industry/ai">AI</a> agent with <a href="/company/alibaba">Alibaba Cloud</a> for Android, iOS, and web platforms. Powered by its proprietary GLM models, the cross-platform service can be utilized to book hotels, order food, install apps, process documents, and generate multimedia content.

<a href="/company/baidu">Baidu</a> reported Q2 2025 revenue of RMB 32.7 billion, down 4% YoY, while net profit rose 33% to RMB 7.32 billion. <a href="/industry/ai">AI</a> businesses supported growth, with cloud revenue up 27% and Apollo Go trips up 148%. CEO Robin Li said a new Ernie model is in development.

Chinese firm TT Robot has signed a record deal to supply 10,000 <a href="/industry/robotics">humanoid robots</a>, the largest single order in the industry to date. The units will be deployed mainly in eldercare and household services.

FAW Group plans to acquire a 10% stake in Stellantis-backed <a href="/company/leapmotor">Leapmotor</a>, which would make it the first state-owned Chinese automaker to invest in an <a href="/industry/ev">EV</a> startup, according to <em>Cailian Press</em>. The deal is expected to support joint EV development, supply chain efficiency, and overseas expansion.

<a href="/company/lenovo">Lenovo’s</a> New Vision unit and Robot Era jointly launched a humanoid service robot solution for exhibition halls, combining Robot Era’s Q5 with Lenovo’s spatiotemporal synchronization engine. The system reportedly supports real-time interactive tours, personalized reception, and customized content delivery.

Dreame has confirmed it will enter the drone market, assembling a specialized R&amp;D team to target China’s growing low-altitude economy. The firm plans to adapt mapping, navigation, and motor technologies from its robotic vacuums, backed by its global manufacturing and supply chain.

<a href="/company/alibaba">Alibaba’s</a> DingTalk has formed a team to develop industry-specific <a href="/industry/ai">AI</a> models, a key step in its strategy since founder Wu Zhao returned in April. The unit is working with enterprise clients on tailored models to address needs that general-purpose LLMs cannot meet.

<p data-start="385" data-end="696"><a href="/company/bytedance">ByteDance</a> has denied rumors of a chip partnership with VeriSilicon, saying no such cooperation exists. VeriSilicon, a Shanghai-based chip design and semiconductor IP provider, has struggled with losses in recent quarters despite revenue gains.</p>

iQiyi reported Q2 2025 revenue of RMB 6.63 billion, down 11% YoY, as membership and ad income declined. The company swung to a net loss of RMB 134 million from a profit a year earlier, while free cash flow fell to negative RMB 34 million. It said it is investing in micro dramas, new experiences, and overseas expansion to drive long-term growth.

Futu’s Q2 2025 net income rose 112.7% YoY to HKD 2.57 billion on revenue of HKD 5.31 billion. Trading volume reached HKD 3.59 trillion, led by US equities. The firm added 204,000 funded accounts, more than half outside Hong Kong, bringing the total to 2.88 million as client assets climbed to HKD 973.9 billion.

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While low taxes are a major draw, compliance risks and less known requirements can turn early gains into long-term liabilities.

For Chinese firms, the UAE’s business-friendly image comes with caveats

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The edtech firm’s latest report explores how tech can drive outcomes across Indonesia’s education ecosystem.

Cakap deepens roots in education by addressing early learning gaps, releases “Impact Report 2024”

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Xgimi opens Vietnam plant to boost output

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Deals in brief: WeRide secures Grab’s backing for robotaxis, Foxconn invests in Robocore, seven China deals, and more

For Chinese firms, the UAE’s business-friendly image comes with caveats

Cakap deepens roots in education by addressing early learning gaps, releases “Impact Report 2024”