1. (China Daily) Chinese tech giant Alibaba Group Holding Ltd said its revenue stood at 247.65 billion yuan ($34.6 billion) during the April-June period, an increase of 2 percent year-on-year, with its core e-commerce and cloud computing businesses reporting robust growth.  

    The company's net income stood at 42.4 billion yuan during the second quarter, up 76 percent year-on-year, primarily due to mark-to-market changes from its equity investments and gains from the disposal of the local consumer service business Trendyol, partly offset by the decrease in income from operations.  

    Wu Yongming, CEO of Alibaba Group, said the company's strategic focus on consumption and AI delivered strong growth during the quarter. "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," he said.

    Wu added that Alibaba remains committed to investing in its two strategic pillars of consumption and AI plus cloud to capture historic opportunities and drive long-term growth.  

    For the quarter ending June 30, revenue from its cloud business rose 26 percent year-on-year to 33.4 billion yuan. This momentum was primarily driven by public cloud revenue growth, including the increasing adoption of AI-related products.  

    AI-related product revenue achieved triple-digit year-on-year growth for the eighth consecutive quarter. The company said that, as AI demand continues to grow rapidly, it is seeing increased demand for computing, storage and other public cloud services to support AI adoption.

    It will continue to invest in anticipation of customer growth and technology innovation, including AI products and services, to increase cloud adoption for AI.  

    Alibaba's significant investment in instant retail through the launching of its "Taobao Instant Commerce" service contributed to a 25 percent year-on-year increase in monthly active consumers on the Taobao app in the first three weeks of August.

    Source: By Fan Feifei | chinadaily.com.cn | Updated: 2025-09-01 20:59

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  2. (China Daily) Quicktron Robotics, a Chinese mainland maker of self-driving forklifts and other robots used in warehouses, has confidentially filed for a Hong Kong Special Administrative Region initial public offering that could raise at least $100 million as early as next year, according to people familiar with the matter.  

    Deliberations are ongoing, and the size and timing of the deal may change, the people said, asking not to be identified because they weren’t authorized to speak publicly. The company didn’t reply to a request for comment.  

    Quicktron joins the growing list of firms making use of confidential filings after Hong Kong eased rules for doing so in the technology and biotechnology industries. Before then, they were typically reserved for firms listed on another exchange. 

    Quicktron, which was founded in 2014 and has over 1,000 clients including global giants such as Huawei Technologies Co and AP Moller-Maersk A/S, counts Alibaba Group Holding Ltd’s Cainiao logistics arm and a venture-capital fund under Saudi Arabian Oil Co as its backers. Last year, it raised more than $100 million in a funding round. 

    Source: China Daily by Agencies  Published: 21:41, September 1, 2025 | Updated: 21:57, September 1, 2025

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  3. (China Daily) Chinese smart driving company DeepRoute.ai has launched its latest smart driving platform, DeepRoute IO 2.0.  

    Powered by its vision-language-action (VLA) model, the company says DeepRoute IO 2.0 is a significant step toward delivering smarter, safer and more human-like driving experiences.  

    The platform features a flexible multi-chip, multi-sensor design, supporting both LiDAR-equipped and pure vision configurations, enabling seamless integration across different vehicle models and automakers.

    The company has already secured five confirmed OEM partnerships for the deployment of DeepRoute IO 2.0, with the first production vehicles scheduled to reach the market later this year.  

    Maxwell Zhou, CEO of DeepRoute.ai, said, "DeepRoute IO 2.0 adopts the VLA model integrated with the large language model, which brings two core advantages: chain-of-thought reasoning and extensive knowledge base."  

    Zhou says the chain-of-thought enables the system to analyze complex traffic scenarios through logical and human-like reasoning, enhancing the transparency and reliability of driving decisions. The extensive knowledge base allows the model to draw upon accumulated driving experience across diverse conditions, adapting to real-world situations.  

    DeepRoute.ai says it has validated DeepRoute IO 2.0 and the VLA model in real-world urban environments to ensure reliable performance under diverse conditions. The company continues to collaborate with global OEM partners to accelerate the deployment of smart driving technology in mass-production vehicles worldwide.

    Source: By Fan Feifei | chinadaily.com.cn | Updated: 2025-08-28 21:09

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  4. (China Daily) Leapmotor delivered 57,066 vehicles in August, up 88 percent from a year earlier and the highest monthly total in its history, the Chinese carmaker said on Monday.  

    It was the sixth straight month the company led sales among China's NEV startups.  

    The company crossed 900,000 cumulative deliveries in August and reported its first half-year net profit, becoming only the second Chinese NEV startup to achieve profitability on that basis, after Li Auto.  

    The Hangzhou, Zhejiang province-based firm is accelerating its push abroad. Founder and Chief Executive Officer Zhu Jiangming said export sales remain among the strongest in the sector, with European orders recently hitting a record.

    Leapmotor will unveil the Lafa 5, a new model aimed at younger buyers, at next week's IAA Mobility in Munich, Germany.  

    Leapmotor has also gained recognition beyond sales. In August, it joined the China Top 500 Private Enterprises ranking for the first time and was again listed among the Top 500 Private Manufacturing Enterprises. It had earlier entered the Fortune China 500.  

    Leapmotor, founded in 2015, develops core technologies in-house, including battery, motor and electronic systems. Stellantis NV acquired a stake in the company in 2023, and the two set up a joint venture this year to expand in overseas markets.

    Source: chinadaily.com.cn | Updated: 2025-09-01 15:07

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  5. (China Daily) XPeng delivered 37,709 vehicles in August, a 169 percent jump from a year earlier and a 3 percent rise from July, marking a new monthly record, the Chinese NEV maker said Monday.  

    The Guangzhou, Guangdong province-based company is counting on a series of new models to sustain momentum.  

    Its new P7 sedan, launched last week, secured more than 10,000 orders within seven minutes — the fastest debut in XPeng's history.  

    Foot traffic and test drives hit record highs in the first weekend after launch, said the carmaker.

    The MONA M03 compact sedan remained a major growth driver, with more than 15,000 units delivered last month and over 160,000 sold since launch a year ago.  

    XPeng's G7 SUV has surpassed 10,000 cumulative deliveries, topping sales in its segment for four straight weeks.  

    Overseas expansion is accelerating as well. The G6 SUV is now available in over 30 countries and regions, with sales kicking off in Thailand in August. The X9 electric MPV has topped sales charts in China's Hong Kong special administrative region and Thailand.

    XPeng is also deepening its alliance with German carmaker Volkswagen AG. The two signed an expanded deal in mid-August to jointly develop electronic and electrical architecture for both EV and hybrid platforms in China.  

    Financially, XPeng posted record revenue of 18.27 billion yuan ($2.56 billion) in the second quarter, up 125 percent year-on-year, with gross margin rising to 17.3 percent. Cash reserves stood at 47.6 billion yuan at the end of June.  

    At the ongoing Chengdu auto show, XPeng is showcasing its new lineup, including the P7, G7, X9, MONA M03, and its humanoid robot IRON, highlighting its ambitions in AI-driven mobility.

    Source: chinadaily.com.cn | Updated: 2025-09-01 15:08
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  6. (Xinhua) China's Ministry of Commerce on Saturday voiced opposition to the U.S. decision to revoke the "validated end-user" (VEU) authorization for three semiconductor companies operating in China, urging the U.S. side to immediately correct its wrongdoings.  

    China has noticed that the U.S. Department of Commerce announced on Friday to remove Intel Semiconductor (Dalian) Co., Ltd., Samsung China Semiconductor Co., Ltd. and SK Hynix Semiconductor (China) Ltd. from the VEU list, said a spokesperson for the ministry.  

    Semiconductors are a highly globalized industry that has developed over decades into a deeply interconnected ecosystem shaped by both market forces and business decisions, said the spokesperson.

    The U.S. move, driven by self-interest, has turned export controls into a tool, and will cause a serious negative impact on the stability of global semiconductor industrial and supply chains, said the spokesperson, voicing opposition to the U.S. decision.  

    China called on the United States to immediately correct its wrongdoings and safeguard the security and stability of global industrial and supply chains. China will take necessary measures to firmly safeguard the legitimate rights and interests of its enterprises, the spokesperson added.

    Source: Xinhua  2025-08-31 00:45:30

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  7. (China Daily) A Shanghai court has stated that the convictions of 14 people involved in the theft of trade secrets related to chip technology developed by Huawei subsidiary HiSilicon have taken effect, in a ruling that underscores China's commitment to protecting intellectual property rights.  

    The IPR procuratorial department of the Supreme People's Procuratorate said on Wednesday that the first-instance verdict, which it guided and was handled by a Shanghai prosecuting authority, became effective after the defendants chose not to appeal within the 10-day period. The verdict was announced July 28.  

    The case involved the illegal acquisition of Wi-Fi chip technology valued at about 317 million yuan ($44 million). The technology was considered crucial to Huawei's competitive edge in the high-tech sector.

    Legal experts said the case highlights China's firm stance on judicial protection of IP and sets an important precedent for the protection of trade secrets in the high-tech industry. It also serves as a warning for companies about technology protection in compliance, innovation and talent mobility.  

    Huawei launched a Wi-Fi chip development project in 2011, later managed by HiSilicon. The company invested substantial resources into long-term independent research and development, acquiring technical information for Wi-Fi chips and implementing confidentiality measures.  

    One defendant, surnamed Zhang, was a former head of HiSilicon's radio-frequency chip development department. He left the company in February 2021 and founded Zunpai Communication Technology (Nanjing) Co the following month. Around the same time, Zhang recruited four key technical personnel from HiSilicon, appointing them as executives in charge of technical departments. The group, with comprehensive knowledge of Huawei's chip technology, decided to develop Wi-Fi chips similar to HiSilicon's.

    To accelerate development and production, Zhang and his team recruited more HiSilicon employees, offering high salaries and career advancement. Seven more joined them. At Zunpai's request, these employees — before and after leaving HiSilicon — used improper means, including screenshots, copying and unauthorized data transfers via WeChat. They also sometimes colluded with two others still employed at HiSilicon to obtain technical information for Zunpai's chip development.  

    Zunpai experienced rapid growth, raising several hundred million yuan in Pre-A and Pre-A+ funding rounds in 2022. It completed its Series A financing in 2023.  

    In April 2024, the third branch of the Shanghai People's Procuratorate filed charges against the 14 individuals, including Zhang, who were accused of infringing on trade secrets. The case involved more than 40 items of cutting-edge technical information.

    Prosecutors adopted a courtroom education approach, focusing on evidence, legal principles and emotional appeals. Ultimately, all the defendants pleaded guilty voluntarily.  

    The court sentenced Zhang to six years in prison, fined him 3 million yuan and banned him from the chip industry for five years. Four other key figures received sentences of three to five years and fines between 1.2 million yuan and 1.5 million yuan. The remaining nine were given suspended sentences and fines.  

    At the enterprise level, Zunpai was ordered to freeze about 95 million yuan in cash assets and destroy all related technologies.

    Source: By Zhou Wenting in Shanghai | China Daily | Updated: 2025-08-29 09:12

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  8. (Xinhua) China's total intelligent computing capacity has reached 780,000 PFlops, which ranks second in the world, Liu Liehong, head of the National Data Administration, said on Thursday.  

    Liu unveiled this data during the opening ceremony of the China International Big Data Industry Expo 2025, being held in Guiyang, capital of southwest China's Guizhou Province.  

    The country has continued to accelerate the construction of data infrastructure and by the end of July this year had built 25 urban business nodes nationwide, he said.

    This progress stems from China's "East Data, West Computing" initiative, which has become a strategic project in the country's major productivity layout, Liu said. China's eight national computing hubs currently concentrate over 60 percent of new computing capacity -- with intelligent computing capacity reaching 620,000 PFlops, he added.  

    Pioneering the initiative, Guizhou has worked hard to construct a leading national computing hub in recent years. The province has, notably, successfully built the world's first 400G all-optical network computing channel, as announced at the ceremony in Guiyang.  

    The three-day expo, ran through August 30, featuring a diverse range of exchanges and activities -- with more than 16,000 guests and 375 enterprises participating.

    Source: Xinhua  2025-08-28 15:46:45

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  9. (China Daily) Logitech International SA has pursued innovation and automation upgrades at its Suzhou manufacturing base in Jiangsu province, as the Swiss consumer electronics maker seeks to harness China's booming gaming market and resilient supply chain, according to a senior executive.  

    As China is one of Logitech's major markets by sales and the world's biggest gaming arena, its performance has become an important driver of the group's global financial results. Quin Liu, chief commercial officer of the Lausanne, Switzerland-headquartered company, said Logitech intends to strengthen partnerships with leading Chinese tech platforms to sharpen its competitiveness in both domestic and global markets.  

    Chinese consumers — particularly younger buyers — are among the most demanding in the world, setting trends and shaping global product development, said Liu.

    "What we design and launch in China often sets the tone for our global portfolio," he added, noting that Logitech's latest gaming keyboard was developed in China to meet local preferences for speed, personalization and price-performance, before being rolled out internationally.  

    Such innovation comes as China's gaming industry expands rapidly, setting new benchmarks for scale and growth.  

    By the end of June, China had a record 679 million gamers. In the first half of the year, sales revenue on the domestic game market totaled 168 billion yuan ($23.45 billion), up 14.08 percent year-on-year, according to a report recently released by the China Audio-Video and Digital Publishing Association in Beijing.

    Reflecting a strategy the company describes as "in China for China", Liu said collaboration with JD.com has become another key pillar of Logitech's expansion.  

    The company has co-developed products with platforms such as JD.com and extended cooperation to Tencent, Baidu and China Mobile in areas ranging from gaming to video conferencing.  

    Liu said Logitech will continue to invest in China to advance automation capacity, strengthen research and development in new products and processes, and continue to evolve its go-to-market capabilities.

    "Most of our products for buyers outside the US are made in Suzhou and elsewhere in China," he said, adding China's industrial ecosystem has evolved into an innovation hub, enabling multinationals to tap local talent and deepen partnerships.  

    Foreign-invested companies recorded foreign trade value of 7.46 trillion yuan in the first seven months of 2025, up 2.6 percent year-on-year and accounting for 29 percent of China's total trade. Meanwhile, their exports reached 4.1 trillion yuan, an increase of 4.9 percent year-on-year, data from the General Administration of Customs showed.

    Source: By Zhong Nan | chinadaily.com.cn | Updated: 2025-08-29 17:30

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  10. (Xinhua) Chinese scientists have made a breakthrough in ultra-wideband photonic-electronic integrated technology for 6G wireless communication, according to Peking University (PKU).  

    By leveraging photonic-electronic hybrid integration, a joint research team from PKU and City University of Hong Kong successfully developed an ultra-wideband system capable of high-speed, frequency-tunable wireless transmission -- a world-first achievement that is expected to enhance the reliability and efficiency of future 6G networks.  

    The team's findings were published online in Nature on Wednesday.

    As the next generation of wireless communication, 6G requires high-speed transmission across diverse frequency bands in varying scenarios. However, conventional electronic hardware is typically limited to specific frequency ranges due to differences in design, structure and materials, making it difficult to achieve cross-band or full-spectrum operations.  

    To address this challenge, the team spent four years developing an ultra-wideband photonic-electronic integrated system.  

    This system supports high-speed transmission at any frequency between 0.5 GHz and 115 GHz -- a globally leading capability for full-spectrum compatibility. It also features flexible tunability, allowing dynamic switching to secure frequencies when interference occurs, thereby improving communication reliability and spectral efficiency.

    "This technology is like building a super-wide highway where electronic signals are vehicles and frequency bands are lanes," explained Wang Xingjun, deputy dean of the School of Electronics at PKU. Previously, signals were crowded into one or two lanes, but now many lanes are available. If one lane is blocked, signals can switch flexibly to another, ensuring faster and smoother communication, Wang said.  

    Experiments have demonstrated that the system is capable of achieving wireless transmission rates exceeding 100 Gbps, which is sufficient to stream 1,000 simultaneous 8K ultra-high-definition videos, meeting the peak rate requirements of 6G while maintaining consistent performance across the full frequency range.  

    The research team is now working on increasing the system's integration level to develop intelligent photonic-electronic modules adaptable to various other systems, with aims to minimize size, weight and power consumption.

    According to Wang, the future 6G network will feature ubiquitous wireless connectivity. Enhanced with AI algorithms, this new system could enable smarter and more flexible networks capable of real-time data transmission, precise environmental sensing and automatic interference avoidance, ensuring more secure and efficient communication in complex scenarios, he said.

    Source: Xinhua | Updated: 2025-08-29 09:43

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