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Optical module provider Zhongji Innolight has launched its Hong Kong IPO, aiming to raise up to HKD 54.5 billion. The company plans to list on the Hon…

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Optical module provider Zhongji Innolight has launched its Hong Kong IPO, aiming to raise up to HKD 54.5 billion. The company plans to list on the Hong Kong Stock Exchange on July 30, with a maximum offer price of HKD 1,010 per share. Cornerstone investors, including Temasek, BlackRock, Alibaba, and Tencent, have committed to purchasing USD 3.45 billion in shares.

<a href="/company/xpeng">Xpeng</a> plans to increase overseas sales to 50% of its total within five years as domestic demand slows. The Guangzhou-based automaker will launch five new <a href="/industry/ev">EV</a> models in Australia over the next six months and is exploring markets including Brazil, Saudi Arabia, Japan, and South Korea. President Brian Gu said the company may pursue local production to bypass import tariffs.

Yadea apologized on July 21 after a promotional video for its Zenless Zone Zero collaboration featured improper material. The company removed the video and terminated its partnership with the influencer involved, following player complaints over the use of imagery from a non-game character in the campaign.

Mobileye will provide cloud-enhanced advanced driver assistance systems to selected Stellantis models starting in 2027. The technology will debut in the US market and brings Stellantis into Mobileye’s REM mapping ecosystem. The system supports features including lane keeping on unmarked roads and specific hands-off driving functions.

<a href="/company/meituan">Meituan</a> said on July 21 that a screenshot showing delivery fees based on rider education levels was fake. The company said it does not offer such services and that delivery fees are based on factors including distance, weather, order timing, and rider availability.

UBTech Robotics’ market value has fallen by more than RMB 20 billion after the launch of its U1 robot, according to TMTPost. Despite securing more than 10,000 preorders, the company faces scrutiny over product readiness, data security, and AI interaction standards as new rules tighten oversight of AI services that simulate human communication.

Anta Sports reported that its “other brands” portfolio, including Descente and Kolon, posted 25–30% retail sales growth in Q2 2026. The core Anta and Fila brands recorded low single-digit growth. The company said retail sales reflect end-consumer spending and do not directly correspond to group revenue, which is affected by wholesale and franchise dynamics.

<a href="/company/nio">Nio’s</a> Firefly brand launched Habitat, the first model in its Halo series, priced at RMB 133,300. The vehicle adds distinctive paint, lighting, and interior materials as part of a design-led premium expansion for the brand, while retaining the standard model’s 120-kilowatt motor and 42.1-kilowatt-hour battery.

GigaAI plans a Hong Kong IPO as early as this year, according to CEO Huang Guan. The world-model startup is finalizing a funding round that would value it at USD 3 billion. Its clients include FAW Group, JD.com, and EMS.

<a href="/company/tencent">Tencent</a> moved its QClaw product center and some related teams to its cloud product division six on July 20. The division also houses Tencent’s <a href="/industry/ai">AI</a> office tool WorkBuddy. Tencent said QClaw will continue operating after the internal reorganization.

<a href="/company/alibaba">Alibaba</a> reportedly plans to launch Qwen Office, an <a href="/industry/ai">AI</a>-powered platform that integrates its QoderWork, Wukong, and MuleRun agents. The project is led by DingTalk CEO Chen Yusen, who took over the role in June. The new product will be built primarily on the QoderWork framework.

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Xi dabbles in "AI diplomacy" at Shanghai forum with Thai, Cambodian PMs

Xi dabbles in &#8220;AI diplomacy&#8221; at Shanghai forum with Thai, Cambodian PMs

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Alipay, a fintech platform by Ant Group, offers mobile payments, financial services, and e-commerce integrations, supporting transactions globally.

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Zhongji Innolight launches Hong Kong IPO

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