(China Daily) Shanghai's stepped-up efforts to aid fundamental scientific research are crucial to support the development of pioneering technologies and companies specializing in emerging industries, which is conducive to the city's high-quality economic growth, said officials and company executives.  

A set of nine new measures to better support companies' fundamental research took effect in Shanghai on Aug 1, aiming to strengthen enterprises' role in such research by providing them more subsidies, favorable tax policies and more access to scientific facilities.  

For companies directing at least 100 million yuan ($13.9 million) to fundamental research on a yearly basis, a one-time 10 million yuan fiscal subsidy will be provided.

(China Daily) China's accelerated efforts to boost the application of fast-evolving artificial intelligence in a wide range of sectors will help the country gain a competitive edge in tech frontiers and create immense business opportunities for investors amid external uncertainties, said experts and entrepreneurs.

(Xinhua) In a brightly lit lab in Beijing's Zhongguancun, which is known as China's Silicon Valley, a humanoid robot stands amid rows of shelves stocked with a variety of goods, its sleek, metallic frame moving with smooth precision as it navigates the aisles.  

Bending slightly at the knees, the robot reaches for a bag of crisps from a mid-level shelf with its dexterous, multi-jointed hands, its grippers adjusting their pressure to avoid crushing the package.

(China Daily) Chinese small home appliance makers are ramping up efforts to expand their footprint in emerging overseas markets and pooling more resources into localized research and development as part of a broader push to bolster global sales and enhance international influence, industry experts said.

(China Daily) Ikea China is opening an official flagship store on JD on Friday, marking a major step in the Swedish household goods giant's continued expansion of its omnichannel ecosystem in the Chinese market.  

The store will offer more than 6,500 products across 168 categories, including furniture and home accessories, while integrating Ikea's logistics and membership services.

(Xinhua) Chinese tech giant Huawei has announced the full open-source release of its Ascend chip software ecosystem, aiming to support users to explore its deep potential and undertake customized development independently.  

Known as CANN (Compute Architecture for Neural Networks), the software serves as a bridge between high-level AI training frameworks and Ascend chips, allowing its users to access the computing power without dealing with chip-level complexities.

(Xinhua) As an electric piano softly rippled out Pachelbel's Canon, what captivated listeners was not the melody itself but the fact that it was performed by Moonshot AI's K2 model, not human hands.  

The Beijing-based startup Moonshot AI unveiled its latest open-source model, K2, last month, connecting it to the electric piano they often played during lunch breaks outside the office and letting the AI perform on its own.

(Xinhua) In the city of Ziyang, Sichuan Province, a logistics company has hired three "employees" who never take lunch breaks and could work around the clock without any complaints.  

They are autonomous delivery vans, each capable of carrying between 600 and 800 parcels. They navigate the winding roads between villages located 10 to 30 kilometers from the distribution center at a steady pace of 15-20 km/h.

(Xinhua) Chinese drone giant DJI stepped into the smart home cleaning market on Wednesday with its inaugural robotic vacuum cleaner series, expanding its technological expertise beyond aerial devices.  

The new product line, called the DJI ROMO series, integrates sweeping and mopping capabilities, leveraging the company's proprietary environmental sensing and intelligent path planning technologies originally honed for its drone operations.

(China Daily) Ab&B Bio-Tech soared 158 percent in its trading debut in the Hong Kong Special Administrative Region, after retail investors flocked to the Chinese mainland vaccine maker’s initial public offering.  

The stock closed at HK$33.28 ($4.24), more than double its HK$12.90 IPO price, which was set at the low end of the marketed range.  

The share sale’s success builds on the rally of healthcare stocks, which have been the best performers on the Hang Seng Composite Index this year.
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