Alibaba Group Holding Limited announced its financial results for the quarter ended June 30, 2025.  

“This quarter, our strategic focus on consumption and AI + Cloud delivered strong growth. Our decisive investment in the quick commerce business achieved key milestones as we won consumer mindshare. We generated substantial synergies from combining resources of our consumer platforms which resulted in new highs in monthly active consumers and daily order volume. Driven by robust AI demand, Cloud Intelligence Group experienced accelerated revenue growth, and AI-related product revenue is now a significant portion of revenue from external customers.

(Xinhua) China aims to achieve breakthroughs in the application of artificial intelligence (AI) in key sectors by 2027, an official said on Friday when outlining the country's latest efforts to accelerate AI development.  

At a press briefing, Huo Fupeng, director of the innovation-driven development center under the National Development and Reform Commission (NDRC), described the coming one to two years as a "critical window" for AI deployment.

(China Daily) China's high-tech manufacturing sector drove a strong rebound in industrial corporate profitability in July, with aerospace, semiconductors and biopharmaceuticals leading the recovery and underscoring the country's push toward advanced technologies and greater self-reliance, official data showed on Wednesday.

(China Daily) A major national open innovation platform for artificial intelligence has been unveiled to leverage the collective strength of State-owned enterprises and the broader industrial chain for accelerating the development of the AI sector in China.  

Guided by ministries including the State-owned Assets Supervision and Administration Commission of the State Council, the platform is roughly translated as AI Huanxin and is being spearheaded by telecom operator China Mobile.

(Xinhua) BYD announced on Monday that its Thailand plant has officially exported the first batch of BYD DOLPHIN electric vehicles (EVs) to the European market, totaling over 900 units, with destinations including Britain, Germany and Belgium.

(Xinhua) Beijing has unveiled a plan to accelerate the integration of 5G and industrial internet, targeting the construction of at least 20 5G factories by 2027.

(China Daily) As morning light sweeps across Shenzhen's skyline, the skyscrapers that have replaced the old fishing boats gleam in the sun. At the city's core, the "Pioneering Bull" stands as a testament to the city's relentless innovation and drive — qualities that have shaped its evolution into a global hub since its designation as China's first special economic zone 45 years ago.  

"Technological innovation is not only a defining feature of Shenzhen, but also its flagship brand.

(China Daily) Shanghai aims to accelerate the integration of artificial intelligence and manufacturing in the coming years, a move expected to boost new industrialization, strengthen new quality productive forces, and position China as a global leader in intelligent manufacturing, experts said.

(China Daily) More than 40 national-level key laboratories will relocate to Beijing's Changping district, bolstering the capital's ambition to become a global hub for science and technology, according to district head Liu Xiaodong.  

"Benefiting from the move, Changping is expected to become a new high-tech engine in China as well as in the world," he said.

(Xinhua) Chinese Minister of Science and Technology Yin Hejun on Monday unveiled plaques for 15 national key laboratories in China's Hong Kong Special Administrative Region (HKSAR), marking a significant step toward enhancing scientific collaboration between the city and the mainland.  

At the ceremony, HKSAR Chief Executive John Lee emphasized the HKSAR government's commitment to establish Hong Kong as an international innovation and technology hub.
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