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Xpeng Motors delivered 34,611 vehicles in June 2025, a 224% YoY increase and its eighth consecutive month above 30,000 units. Q2 deliveries reached a …

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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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Five years after a financial scandal, China’s leading coffee chain is testing its footing in Starbucks’ home market.

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<a href="/company/xpeng">Xpeng Motors</a> delivered 34,611 vehicles in June 2025, a 224% YoY increase and its eighth consecutive month above 30,000 units. Q2 deliveries reached a record 103,181, bringing H1 totals to 197,189, surpassing all of 2024. The company also launched its X9 model in Indonesia, with local production set to begin in July.

France’s antitrust agency has fined <a href="/company/shein">Shein</a> EUR 40 million for misleading discount practices, finding that 57% of advertised deals on its French site between October 2022 and August 2023 misled consumers. Shein accepted the penalty and said the issues were resolved in 2023.

<a href="/company/jd">JD.com</a> and <a href="/company/ant-group">Ant Group</a> are urging China’s central bank to approve stablecoins pegged to the offshore yuan, proposing a Hong Kong pilot to support yuan internationalization and counter US dollar dominance in digital trade. Both firms are already planning Hong Kong dollar-backed tokens under new local rules taking effect on August 1.

BetterYeah AI, a Hangzhou-based startup founded by former DingTalk executives, has raised over RMB 100 million in a funding round led by <a href="/company/alibaba">Alibaba Cloud</a>. Specializing in enterprise <a href="/industry/ai">AI</a> agents, the firm said it serves nearly 100,000 teams and will launch a new agent platform this quarter.

Sega is expanding in Asia to reduce reliance on Japan, partnering with regional firms such as Longtu Game in China. Mobile games now make up more than half of its business, following its 2023 acquisition of Angry Birds maker Rovio. President Shuji Utsumi said the company aims to balance development across console, PC, and mobile.

<a href="/company/bytedance">ByteDance</a> has launched Tanfan, an <a href="/industry/ai">AI</a> assistant on Douyin that recommends restaurants, summarizes reviews, and supports in-app bookings. Powered by the Doubao LLM, Tanfan had 35,000 users as of July 2, as Douyin deepens its push into local dining services.

Centaur, a new <a href="/industry/ai">AI</a> model built on Meta’s Llama, mimics human behavior across tasks such as memory, gambling, and reasoning. Fine-tuned on ten million decisions from 160 psychology experiments, it outperforms classical models and could enable researchers to study human cognition without live testing.

China’s aviation regulator will ban uncertified lithium power banks from domestic flights starting July 6, citing fire risks and recent product recalls. Devices without 3C safety certification or linked to overheating incidents are barred from both carry-on and checked baggage. The rule does not apply to international flights or trains.

<a href="/company/huawei">Huawei</a> will open-source its Cangjie programming language on July 30, aiming to expand developer access and reduce dependence on foreign tech. Built for HarmonyOS Next, Cangjie supports <a href="/industry/ai">AI</a>, cross-platform apps, and has already been adopted by firms like <a href="/company/meituan">Meituan</a> and <a href="/company/jd">JD.com</a>.

<p data-start="194" data-end="554" data-is-last-node="" data-is-only-node="">Shanghai has launched a professional services alliance to support Chinese firms expanding overseas, starting with 50 member firms across 11 sectors including law, finance, and IP. Backed by city officials, the group aims to build a Shanghai-led model for outbound support with localized services via global networks, aligned with national policy goals.</p>

<a href="/company/baidu">Baidu</a> has integrated its AgentBuilder platform into <a href="/company/xiaomi">Xiaomi’s</a> app store, launching a dedicated section for users to browse and access agentic <a href="/industry/ai">AI</a> applications. The move marks the first direct integration between an AI agent platform and a mobile app marketplace.

What shapes modern healthcare and agriculture? Examine biotech startups, gene editing, and drug discovery unlocking biological potential.

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The Hong Kong-listed firm is advancing its pipeline using an mRNA system it says can compete with the industry’s best.

Everest Medicines targets global expansion with proprietary, AI-driven mRNA platform

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BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

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BYD is leading a wave of early EV exports into Brazil ahead of July tax hikes, but long-term success will likely hinge on more.

Chinese automakers rush to beat Brazil’s EV tariffs, but the real race is just starting

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With over 660,000 copies sold and viral traction on Xiaohongshu and Bilibili, Sultan’s Game shows that great gameplay still goes the distance.

Xpeng hits new record with Q2 deliveries

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