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Innovent Biologics reported H1 2025 revenue of RMB 5.95 billion, up 50.6% YoY, and net profit of RMB 1.21 billion. The company expanded its portfolio …

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Innovent Biologics reported H1 2025 revenue of RMB 5.95 billion, up 50.6% YoY, and net profit of RMB 1.21 billion. The company expanded its portfolio to 16 drugs, including three new oncology launches, advanced global pipeline trials, and reaffirmed its target of RMB 20 billion product revenue by 2027.

<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.

<a href="/company/catl">CATL</a> has debuted the Tener Stack, a massive energy storage system, at this year's Smarter E South America expo. Engineered for Brazil’s grid and the region’s varied climates, the system combines high capacity with transport and safety innovations. CATL is also deepening its presence with regional teams across South America and a new office opening in Chile in September.

Free Fire, a title managed by Sea’s Garena arm, surpassed Call of Duty: Mobile in US gamer spending in July, ranking as the top-grossing mobile shooting game. Circana credited tie-ins with Naruto Shippuden and Netflix’s Squid Game for boosting sales.

XtalPi reported H1 2025 revenue of RMB 517 million, up 404% YoY, and adjusted net profit of RMB 141 million, its first half-year profit. Revenue growth was driven by a 615% surge in drug discovery solutions, milestone collaborations such as a USD 51 million deal with professor Gregory Verdine, and advances in <a href="/industry/ai">AI</a>- and <a href="/industry/robotics">robotics</a>-enabled R&amp;D platforms.

Musinsa has partnered with <a href="/company/anta">Anta Sports</a> to launch a joint venture to expand the South Korean fashion platform into the Chinese market. Musinsa will hold 60% and Anta 40%, with the venture overseeing both online and offline expansion. The deal is expected to close by September, pending regulatory approval.

<a href="/company/alibaba">Alibaba Cloud</a> has launched Wan2.2-S2V, the newest variant of its open-source <a href="/industry/ai">AI</a> model that creates expressive character videos from static images and audio. The tool supports multi-character scenes, high-definition output, and is available on Hugging Face, GitHub, and ModelScope.

<a href="/company/xpeng">Xpeng</a> has launched the new P7 electric sedan in Guangzhou, offering four editions priced RMB 219,800–301,800. Built on an 800-volt platform with 5C charging and up to 820 kilometers of range, the <a href="/industry/ev">EV</a> features Xpeng’s Turing chips and VLA (vision-language-action) model for advanced driving assistance.

Tuya reported Q2 2025 revenue of USD 80.1 million, up 9.3% YoY, with net profit rising to USD 12.6 million from USD 3.1 million. Gross margin held at 48.4% and operating margin turned positive at 1.4%. The board declared a USD 0.054 cash dividend per share or ADS, totaling about USD 33 million and payable in October.

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How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

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KrASIA Connection curates technology and innovation updates from China.

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Luckin Coffee provides app-based ordering, convenient pickup, and a broad beverage menu, reshaping China’s coffee consumption patterns.

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Starbucks offers coffee, espresso beverages, and pastries, emphasizing premium quality and creating a welcoming "third place" experience for customers.

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The fast-growing coffee chain hopes to woo the US market over and overcome skepticism of Chinese brands.

Luckin Coffee races into Starbucks' home turf with app-based strategy

Luckin Coffee races into Starbucks&#8217; home turf with app-based strategy

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