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Alibaba’s ATH unit has opened early access for Happy Oyster, an interactive world model that supports real-time environment creation. The launch expan…

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<a href="/company/alibaba">Alibaba’s</a> ATH unit has opened early access for Happy Oyster, an interactive world model that supports real-time environment creation. The launch expands its <a href="/industry/ai">AI</a> lineup beyond video generation after its HappyHorse model.

China’s top ten sedan manufacturers sold 2.94 million vehicles in H1 2026, accounting for 67% of total sedan sales, according to the China Association of Automobile Manufacturers. SAIC and Tesla reported YoY sales growth, while the other eight companies in the top ten posted declines.

Beijing-based startup 01.AI plans to launch a Hong Kong IPO in 2027. Founder Lee Kai-Fu said the company is adjusting its corporate structure to meet listing requirements and intends to seek pre-IPO funding. Founded in 2023, the company now focuses on enterprise AI infrastructure and generates about half of its revenue from outside China.

TSMC plans to add USD 100 billion to its Arizona manufacturing investment, bringing its total US project commitment to USD 265 billion. CFO Wendell Huang cited strong, multiyear structural demand for AI chips as a key driver, while noting that the company must navigate local labor shortages and infrastructure constraints.

Douyin is testing a new feature that allows users to engage with <a href="/industry/ai">AI</a>-generated content including stories and mini games. The platform has integrated <a href="/company/bytedance">ByteDance's</a> AI programming tool Trae, enabling creators to build interactive experiences using natural language and upload them to the app.

Honda and GAC signed a strategic agreement to extend their joint venture until 2038. The companies said the partnership’s equity structure will remain unchanged.

BYD said its Fangchengbao Tai 7 SUV has surpassed 200,000 units in sales. The company said the model is the fastest boxy SUV to reach the milestone. Its EV fast-charge version, launched on April 29, starts at RMB 199,800.

Transsion Holdings expects H1 2026 net profit to reach RMB 1.76 billion, up 44.82% YoY. Revenue is expected to rise 22.63% YoY to RMB 35.66 billion. Despite lower smartphone sales volume, higher average selling prices, driven by rising storage costs and pricing adjustments, helped lift revenue and margins.

Hikvision chairman Hu Yangzhong proposed a 2026 interim dividend plan of RMB 5.5 per ten shares. The company announced the proposal on July 19, noting that it will not issue bonus shares or convert capital reserves into share capital.

Tencent Cloud released the international version of its enterprise <a href="/industry/ai">AI</a> agent platform, ADP 4.0, on July 18. The platform integrates with global software tools including Google Workspace, Confluence, and Jira, and supports deployment through channels such as Telegram and Line. The update aims to provide scalable, auditable AI agent tools for international enterprises.

Alibaba Cloud launched the personal version of its token plan on July 19, giving users early access to Qwen3.8-Max-Preview. The 2.4-trillion-parameter model is designed for coding and professional office tasks. The subscription service includes three tiers priced at RMB 39–499 per month, with discounted credit consumption during the preview period.

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US chipmakers lead, but Chinese players aim to increase their local market share.

Why CPUs are now at the center of the AI race

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New markets in Latin America and Southeast Asia drive their growth plans.

China automakers shift gears to exports as domestic demand weakens

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The capabilities it develops for one product can often be adapted across categories.

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Alibaba ATH launches Happy Oyster

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Why CPUs are now at the center of the AI race

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