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ByteDance launched an organizational restructuring on July 30 to sharpen its focus on AI. The company is merging Feishu, also known as Lark, with the …

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<a href="/company/bytedance">ByteDance</a> launched an organizational restructuring on July 30 to sharpen its focus on <a href="/industry/ai">AI</a>. The company is merging Feishu, also known as Lark, with the Doubao and Volcano Engine product teams under Doubao lead Zhao Qi. Feishu’s go-to-market team will integrate with Volcano Engine to form a new B2B unit led by Volcano Engine head Tan Dai.

Deepexi Technology reported a Q2 profit of about RMB 30 million, while H1 revenue rose 115% YoY to RMB 284 million. Revenue from its DeepexiOS <a href="/industry/ai">AI</a> operating system platform grew 209.2% YoY to RMB 226 million, supported by improved margins and operating leverage.

Tesla has denied reports that it is considering a spinoff of its China operations. Tesla China said claims that the move was intended to facilitate a potential merger with SpaceX are false.

Unitree Robotics said new US federal restrictions on foreign-made advanced robots will not affect its current main products. While existing models retain certification, the company warned that future products may face US sales restrictions without specific exemptions.

MiniMax has released H3, a multimodal generative model. The system supports unified understanding of text, image, video, and audio contexts, and can generate native stereo audio and video at up to 2K resolution for as long as 15 seconds. The company plans to release the model weights in the coming days.

Nubia has launched the NaviX Ultra, its second-generation phone featuring the Doubao mobile assistant and a Snapdragon 8 Elite Gen 5 processor. The device shifts from the first generation’s screen simulation technology to a standardized Model Context Protocol (MCP) to improve compliance and stability. Production volume has increased to about 200,000 units.

DeepSeek plans to build a large-scale AI data center in Ulanqab, Inner Mongolia, adding one gigawatt of computing capacity. The company also intends to lease additional capacity. Some computing capacity is expected to begin operating by late 2027 or early 2028, while the region’s low average temperature could reduce cooling costs for high-power AI servers.

Unitree Robotics has set offline subscriptions for its Star Market IPO for August 10. The company plans to issue 40.45 million new A-shares, representing 10% of its enlarged share capital. Founder Wang Xingxing will retain voting control through a dual-class share structure.

<a href="/company/bytedance">ByteDance</a> launched its Seedance 2.5 video generation model on July 31. Users can access the tool through Dreamina and international platforms including Pika, Yapper, ImagineArt, and Runway. ByteDance is expected to release model pricing and documentation today, while API access through Volcano Engine is scheduled to open in about one week.

Hongkong Land will acquire Singapore’s Wheelock Place for about USD 900 million through its Singapore Central Private Real Estate Fund. The Orchard Road mixed-use property is being purchased from an entity owned by Wharf Real Estate Investment Company, marking the fund’s first acquisition since its February launch. The deal is expected to close by the end of August.

Yum China reported Q2 2026 revenue of USD 3.1 billion, up 13% YoY. Operating profit rose 14% to USD 348 million, a second-quarter record. The company opened 560 net new stores, bringing its total footprint to 19,297 locations, and returned USD 402 million to shareholders through buybacks and dividends.

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

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Increasingly positive views of China is casting a halo over the company as it takes on Tesla, BMW and Mercedes-Benz.

BYD takes aim at Malaysia's luxury EV segment

BYD takes aim at Malaysia&#8217;s luxury EV segment

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The fashion retailer’s LATR system has helped suppliers adjust more quickly to shifts in consumer trends and demand.

Shein’s IPO case rests on the technology behind its fashion business

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After building Cece into a profitable app, Cylingo is applying its tech to a home robot designed to read the mood of a household.

ByteDance reorganizes AI business

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BYD takes aim at Malaysia’s luxury EV segment

Shein’s IPO case rests on the technology behind its fashion business

Why Cylingo is moving into home robotics after building a 60 million-user app