(China Daily) Chinese tech heavyweight Alibaba Group has launched Qwen3-Coder, its most advanced agentic artificial intelligence coding model, marking a significant step in bolstering AI advancements.  

Designed for high-performance software development, Qwen3-Coder excels in agentic AI coding tasks, from generating new codes and managing complex coding workflows to debugging across entire codebases.  

Built on a Mixture-of-Experts architecture, this open-sourced model has a total of 480 billion parameters and delivers efficiency without sacrificing performance. It achieves competitive results against leading models across key benchmarks in agentic coding, browser use, and tool use.

(China Daily) General Motors has reported a third consecutive quarter of profitability in China, signaling a sustained rebound in the world's largest auto market amid intensifying competition and a rapid transition to electric vehicles.  

The automaker said on Tuesday that its operations in China delivered another profitable quarter in the second quarter this year, driven by robust growth in new energy vehicle sales and strong performance from key local models.

(Xinhua) Top U.S. electric automaker Tesla Inc. on Wednesday reported its financial results for the second quarter of 2025, with total revenue falling 12 percent year over year to 22.5 billion U.S. dollars.  

The company posted a gross profit of 3.88 billion dollars for the quarter, down 15 percent from the same period last year, while earnings dropped to 33 cents per share, compared to 40 cents a year earlier.

(China Daily) As the global auto industry accelerates its transformation toward intelligent mobility, Chinese parts suppliers are taking the lead in steering innovation and product development.  

From supplying key components to co-developing next-generation driving systems, domestic intelligent vehicle tech companies are demonstrating stronger competence through research and development collaborations with international car brands.

(China Daily) The State Administration for Market Regulation announced on Tuesday that it has suspended the antitrust investigation procedures against DuPont China Group Ltd.  

The administration, China's top market regulator, on April 4 launched an investigation into DuPont China Group, a subsidiary of the US firm DuPont, for suspected monopolistic practices in violation of China's Anti-Monopoly Law.

(Xinhua) China has stepped up credit support for technology companies this year, with half of the sector's small and medium-sized enterprises (SMEs) receiving loans by the end of the second quarter, official data showed Tuesday.  

The proportion of tech SMEs receiving loan support increased 3.2 percentage points compared to the same period last year, according to the People's Bank of China (PBOC), the country's central bank.

(China Daily) After years of stagnancy, a new round of fundraising among US dollar-denominated funds is taking shape in China, aiming to tap into the structural opportunities generated by emerging technologies and consumption recovery, said experts.

(China Daily) Unitree Robotics, a Chinese manufacturer of humanoid robots, has begun preparations for an initial public offering, joining a wave of domestic embodied AI companies in tapping the capital market as they race to become globally leading robotics firms.  

While Unitree has yet to disclose its intended market for a flotation, several sources told China Daily that China's STAR Market on the Shanghai Stock Exchange is the likeliest destination.

(China Daily) Victory Giant Technology (Huizhou) Co is considering a listing in the Hong Kong Special Administrative Region that could raise about $1 billion, according to people familiar with the situation.  

The maker of printed circuit boards is working with advisers on a potential second share sale that may take place as soon as this year, the people said, asking not to be identified because the information is private.

(China Daily) Huawei Technologies Co has staged a remarkable comeback, reclaiming its leading position in terms of shipments in China's smartphone market in the second quarter, according to a latest report from market research company International Data Corp.  

This achievement marks Huawei's return to the summit after a challenging six-year period, with shipments reaching 12.5 million units, capturing an 18.1 percent market share in the country, from April to June this year, IDC said.
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