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As large AI models accelerate their integration into vehicles, the competitive dynamics of intelligent cars are changing. In the past, smart cockpits largely focused on voice assistants, in-car applications, and multimedia services. Today, with on-device omni-models, AI agents, a

Yuanxin Satellite has reportedly completed a financing round worth nearly RMB7 billion at a valuation of about RMB50 billion, according to Caixin’s report. The reported valuation is below the company’s earlier target of up to RMB75 billion. Yuanxin had previously disclosed plans

Xiaomi’s robot will make its first public appearance at the 2026 World Robot Conference, Xiaomi President Lu Weibing said in the earnings-call report. The conference is scheduled to run from Aug. 19 to Aug. 23, according to the Beijing government’s event information. Lu said Xiao

LandSpace’s ZhuQue-3 Y2 reached orbit and successfully landed its first-stage booster after launching on Aug. 19. The company confirmed the recovery in a post from its official account. It was LandSpace’s second attempt to recover a ZhuQue-3 booster. The first launch reached orb

Alibaba Cloud has brought its third data center in South Korea online, adding enterprise cloud services and six Agentic AI services for local customers, according to the announcement. The new site expands Alibaba Cloud’s infrastructure in one of Asia’s major technology markets.

Baidu management said Wenxin will return to the top tier of the AI industry as the company continues to invest in model development. Baidu also said it plans to complete its primary listing in Hong Kong by the end of this year, according to the company’s second-quarter earnings-c

Xiaomi reported first-half revenue of RMB208.06 billion, down 8.4% year over year, and net profit attributable to shareholders of RMB14.19 billion. Second-quarter revenue surpassed RMB100 billion, according to the interim-results report. The results cover Xiaomi’s smartphone, con

ByteDance has added new safeguards to its Seedance AI video platform following a copyright dispute with the Motion Picture Association and its member studios. The MPA says ByteDance took its feedback and implemented new guardrails, as described on the association’s responsible-in

Tencent Cloud plans to establish its first cloud region in Malaysia’s Johor state, with three availability zones planned for the initial phase, according to the company announcement. The company also plans to work with local universities and businesses on AI talent development.

Unitree began trading on Shanghai’s STAR Market on Aug. 19. The company’s shares opened at RMB1,100, up 629.44% from the IPO price of RMB150.80, giving Unitree a market value of about RMB444.9 billion, according to the listing data. The debut marks Unitree’s transition from a pr

Xiaomi CEO Lei Jun announced that the company’s next-generation self-developed chip is nearing release. He did not disclose a launch date, product name or technical specifications in the announcement. The announcement came in a post reviewing Xiaomi’s second-quarter performance.