(China Daily) Iluvatar CoreX is considering an initial public offering in the Hong Kong Special Administrative Region, amid investor interest in Chinese mainland artificial intelligence chipmakers.  

Shanghai Tianshu Zhixin Semiconductor Co, as the Centurium Capital-backed firm is formally known, is working with advisers on the potential share sale that could raise $300 million to $400 million, according to people familiar with the matter, who asked to speak on anonymity.

Deliberations are preliminary and details such as size of the possible IPO are subject to change, the people said. Iluvatar CoreX, which makes the graphics processing units that are crucial to running AI services, didn’t respond to requests for comment.

(Xinhua) Building on President Xi Jinping's 2023 proposal for the Global Artificial Intelligence (AI) Governance Initiative, the Chinese government has now called for the creation of a global AI cooperation organization.  

In July, Chinese Premier Li Qiang announced the proposal during his address at the opening ceremony of the 2025 World AI Conference and High-Level Meeting on Global AI Governance, a three-day event held in Shanghai.

(China Daily) China's top market regulator and the Ministry of Industry and Information Technology have issued a draft notice seeking public feedback on tighter oversight of recalls, production consistency and marketing practices for intelligent connected new energy vehicles.

(China Daily) Mid-tier premium brands such as Volvo and Jaguar are struggling to stay relevant in the competitive Chinese market, as local EV marques woo their customers and more popular global brands, including Audi and BMW, push downward into their previous domains.  

Once positioned well above mass-market offerings, these brands have been forced to slash prices in recent months to draw customers back into their showrooms.

(China Daily) Researchers from Tianjin University have synthesized a human genome fragment exceeding 1 million base pairs in length — specifically 1.14 million base pairs — and successfully transferred it into mouse cells to verify its biological function.  

This milestone overcomes critical technological bottlenecks in human genome synthesis and transfer, opening new pathways for biomedicine and genetic disease treatment.  

The accomplishment addresses two long-standing challenges.

(Xinhua) China on Sunday sent a new test satellite into space from the Xichang Satellite Launch Center in the southwestern province of Sichuan.  

The Shiyan-28B 02 satellite was launched at 4:55 p.m. (Beijing Time) aboard a Long March-4C carrier rocket and entered its preset orbit successfully.  

The satellite will be used mainly for space environment exploration and related technology tests.  

This is the 589th flight mission of the Long March carrier rocket series.

(China Daily) Kingdee International Software Group reported strong first-half growth, driven by surging demand for its AI-infused cloud subscription services and continued leadership in China's enterprise software market.  

Revenue for the six months ended June 30 rose 11.2 percent year-on-year to 3.19 billion yuan ($442 million), with cloud services up 11.9 percent to 2.67 billion yuan.

(China Daily) Chinese robotics startup X Square Robot is accelerating its development of general-purpose robots capable of performing precise and complex tasks, with applications spanning diverse fields including households, services and industries.

(China Daily) Volkswagen Group China and XPeng announced on Friday that their jointly developed zonal electrical/electronic architecture, the China Electronic Architecture (CEA), will see broader adoption. Starting in 2027, the CEA will be deployed not only in locally developed Volkswagen-brand pure electric vehicles but also extended to combustion engine and hybrid models produced in China.

(Xinhua) Chinese electric vehicle (EV) brands dominated Indonesia's EV market in the January-July period, according to data released Wednesday by the Association of Indonesia Automotive Industries (GAIKINDO).  

Chinese automaker BYD topped the market in the first seven months, selling 16,427 units. Its strong performance was supported by popular models such as the M6, Sealion 7, Atto 3, Seal, and Dolphin.
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