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Vanke has dissolved its office business unit, reducing its number of business divisions from eight to seven. Projects previously under the unit will be integrated into local city companies. Staff have been reassigned to city offices or offered severance packages, while division head Lu Bing has moved to lead AVIC Vanke.

CALB is implementing internal technical reforms after reports of battery swelling in GAC Aion S vehicles. The company has tightened manufacturing standards and adjusted verification systems to improve durability and safety. CALB previously announced free inspection and repair services for affected battery systems on July 18.

<a href="/company/bytedance">ByteDance</a> founder Zhang Yiming has reportedly said the company will not use model distillation to improve its <a href="/industry/ai">AI</a> capabilities. During a July meeting, Zhang emphasized long-term goals over short-term gains, even as ByteDance faces pressure from domestic rivals using open-source models.

Developer S-Game said <em>Phantom Blade Zero</em> will open for presales across all platforms on August 12. The studio will reveal pricing and PC system requirements alongside an 11-minute gameplay trailer. The action RPG is scheduled for release on October 29.

Dongfeng Aeolus launched its new L8 series EV lineup on August 5, including the L8Y pure electric SUV and the L8+ plug-in hybrid model. The L8Y targets the RMB 100,000 market segment, while the L8+ focuses on higher-end driver assistance and family comfort features.

IFBH expects H1 2026 revenue to fall 40–50% and net profit to drop 65–75%. The company cited global supply chain disruptions and raw material shortages as key drivers of the downturn. Once valued at HKD 12.68 billion, the company’s market capitalization has fallen to about HKD 1.37 billion.

Mihoyo co-founder Cai Haoyu has shifted his focus to independent AI agent development after the closure of his AI companion app AnuNeko. Cai, who stepped down as Mihoyo chairman in 2023 to launch research lab Anuttacon, updated his professional status in July to independent LLM and agent developer based in Singapore.

DeepSeek said it plans to raise API service prices in the near future. The company said the expected increase will be significant and advised users to adjust usage accordingly. Details of the new pricing structure will be released in a formal notice.

Vital New Material reported H1 2026 net profit of RMB 52.08 million, up 23.47% YoY. Revenue reached RMB 934 million, up 40.62% YoY. Diluted earnings per share rose 22.70% to RMB 0.29.

Sinocera reported H1 2026 net profit of RMB 363 million, up 9.36% YoY. Revenue reached RMB 2.51 billion, up 16.64% YoY. Net cash flow from operating activities rose 36.78% to RMB 456 million.

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The company is leveraging its robotaxi experience to expand into road freight.

Pony.ai outlines deployment plans for heavy- and light-duty robotrucks

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Chinese AI model developers agree on multimodality’s long-term value, but not on when its benefits justify the cost.

Kimi K3 and DeepSeek V4 expose widening divide over native multimodality

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Labubu takes Manhattan: Chinese brands target inflation-hit US

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Pony.ai outlines deployment plans for heavy- and light-duty robotrucks

Kimi K3 and DeepSeek V4 expose widening divide over native multimodality

Labubu takes Manhattan: Chinese brands target inflation-hit US