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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.

<a href="/company/bytedance">ByteDance</a> has secured a USD 29.6 billion loan after increasing the facility from an initial USD 20 billion target amid strong commitments from banks, according to Bloomberg News.

BSB Electric registered for IPO counseling with the Zhejiang branch of the China Securities Regulatory Commission on September 2 as it prepares for a potential Beijing Stock Exchange listing. The electrical components maker appointed Zheshang Securities as its counseling firm.

Anji Microelectronics submitted an application on September 2 to issue H-shares and list in Hong Kong. The company will also complete the required China Securities Regulatory Commission filing procedures. The proposed listing remains subject to regulatory approvals.

<a href="/company/byd">BYD</a> has begun selling residential solar systems through 233 automotive dealerships in Brazil. A 4.8-kilowatt system costs about RMB 26,000, including installation and related services. The initiative combines BYD’s existing solar manufacturing operations with its automotive distribution network and could provide a channel for future energy storage products.

<a href="/company/bytedance">ByteDance</a> has reportedly raised the internal price of its virtual Doubao shares to USD 17.02, up 14.6% from USD 14.85 in June. The company is expanding the incentive program for eligible <a href="/industry/ai">AI</a> employees, some of whom can adjust the proportion of cash and Doubao shares in their compensation packages.

<a href="/company/xpeng">Xpeng</a> Mona product general manager Jiang Wen denied reports that Mona L03 production would halt for one week in September. Jiang said the factory is ramping up production while seeking to shorten customer delivery wait times.

Sunmi reported H1 2026 revenue of RMB 1.76 billion, up 25.8% YoY. The company recorded a net loss of RMB 70 million, compared with net profit of RMB 15.93 million a year earlier. Europe remained its largest regional market, generating RMB 584 million in revenue.

<a href="/company/baidu">Baidu</a> CFO He Haijian said the company expects its <a href="/industry/ai">AI</a> businesses to soon generate profit and cash returns comparable to its search operations. AI-related businesses now account for more than half of total revenue, while investments in new GPU clusters are expected to break even within two to three years.

SAIC Motor sold 2.74 million vehicles from January to August, remaining China’s largest automaker by sales. August sales reached 357,000 units. NEV sales rose 30.2% YoY to 1.16 million units over the eight-month period, while overseas sales surged 52.9% to 1.02 million.

Chinese regulators issued guidelines on September 1 urging domestic automakers to avoid disruptive pricing practices in overseas markets. The guidance calls on companies to base prices on costs and local market conditions as rapid export growth raises scrutiny of Chinese automakers abroad.

Embodied Intelligence

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

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Hong Kong

The company expects to begin trading in Hong Kong on September 9 as it raises capital for R&D, expansion, and acquisitions.

Excelland Robotics targets growth in commercial service robots with Hong Kong IPO

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Image shows the Onero H1 humanoid robot, developed by OneRobotics and marketed under its SwitchBot consumer brand.

Three newer product lines accounted for 13.1% of the company’s first-half revenue.

Europe and North America lift OneRobotics as new robot lines enter commercialization

The startup says its system can autonomously complete a 55-step workflow using the same tools and workspace designed for humans.

Alibaba ATH launches Happy Oyster

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Excelland Robotics targets growth in commercial service robots with Hong Kong IPO

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