Unitree raises $904 million in Shanghai IPO after 5,526x demand
What's new: 9.8 million retail orders poured into the deal, giving China’s first listed humanoid robot maker a roughly $9 billion valuation.
Bloomberg, The Business Times (Singapore) +1
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#Deepseek
Alibaba lifts shares 7.3% after Qwen3.8-Max AI debut
What's next: Alibaba plans to release the model's weights starting Aug. 10, letting users customize it as China’s AI race intensifies.
DeepSeek develops AI chip for inference, pressuring Nvidia shares
What's new: The project began about a year ago and could deepen China’s push to replace restricted US chip imports with domestic hardware.
Tencent tests Xiaowei AI assistant inside WeChat in China
Why it matters: WeChat and Weixin reach more than 1.4 billion monthly users, giving Tencent a huge base for AI services.