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In 2025, China's 'three new' economy generated a value added of 25.79 trillion yuan, up 6.2% year-on-year at current prices, representing 18.39% of gross domestic product. The growth rate exceeded the overall GDP growth by 2.2 percentage points, and the share rose by 0.38 percentage points from the previous year.
Leapmotor has set up Huzhou Lingsheng Precision Manufacturing Co. , Ltd. with a registered capital of RMB 210 million, covering auto parts, industrial robots, and intelligent robot R&D. The new entity is wholly owned by Leapmotor's subsidiary Zhejiang Lingsheng Power Technology Co. The company did not comment on the move. Leapmotor has been exploring robotics since early 2025, and its chairman recently noted the company's market cap is only 0.5% of Tesla's, despite selling 43% of Tesla's volume. The move reflects broader automotive industry interest in robotics as a growth avenue, though commercialization remains uncertain.
The Guanggu AI Film and TV Content Creation Center has officially launched, jointly established by five parties including Guanggu Transportation Investment Group and local cultural and arts bodies. The center aims to break the dilemma of 'local stories monetized elsewhere' by leveraging AI technology. The Guanggu area hosts over 800 AI companies with a combined industry scale of Rmb 60 billion, and 385 cultural enterprises above designated size generated over Rmb 130 billion in revenue in 2025. However, less than 3% of the approximately 142,000 AI short dramas added monthly on Douyin have a strong original literary foundation. The center will address content gaps by connecting Hubei's rich online literature resources with AI production capabilities.
DeepSeek, the Chinese artificial intelligence company, suspended a second round of funding ahead of a potential A-share IPO after founder Liang Wenfeng expressed dissatisfaction over the leak of a recording of his closed-door meeting with investors. The first round, completed in June, raised about $7 billion. The leak, which included content on the China-US technology gap and Nvidia chips, was published on July 22. The company informed investors of the suspension on July 26.
Lionel Messi's investment platform Play Time has invested in World Labs, the AI company founded by Fei-Fei Li that generates three-dimensional worlds, at a valuation of about $5 billion. World Labs, co-founded in 2024, raised $230 million in its founding year from a16z, NEA, Radical Ventures, and others. It launched its Marble product in 2025 and acquired robotics simulation platform SceniX in July 2026. The company competes with Google DeepMind and Nvidia in spatial intelligence.
Microsoft Chief Financial Officer Amy Hood said in January that the company allocates AI compute capacity first to its own AI products, then to long-term R&D, and lastly to Azure customers. If all GPUs deployed in the first half of the fiscal year had been allocated to Azure, its growth rate would have exceeded 40% instead of the actual 39%. Azure sales quotas were raised by up to 30%. After a series of GitHub outages, Microsoft used Amazon cloud capacity and explored renting Oracle infrastructure, but security and compliance concerns stalled the latter.
On July 28, 360 released its new enterprise AI agent work platform 'NanoWork', targeting business owners, entrepreneurs, and employees. Founder Zhou Hongyi announced a 100 million Token trial quota for each first-batch user. The company plans to help 1,000 small businesses achieve AI adoption and improve operational efficiency through professional training and support services.
Ant Group released LLaDA2.2 on July 27, a diffusion language model that for the first time achieves real-time error correction while acting in agent scenarios. Enabled by Levenshtein editing and environment feedback reinforcement learning, the model allows diffusion language models to simultaneously act and correct mistakes, enhancing accuracy in dynamic environments.
Chinese autonomous driving company Momenta has launched its Robovan autonomous freight business, with vehicles now operating in Suzhou's Xiangcheng District for express and overnight delivery. The service uses the R7 world model and a map-free approach, drawing on technology from passenger car deployments. Over 1 million mass-produced vehicles are equipped with Momenta's system, which has been delivered for more than 100 vehicle models and secured design wins for over 210 models.
In the first half of 2026, A-share sleep home firms saw revenue growth but profit declines. ST Xilinmen forecast a net loss of RMB 31 million to RMB 40 million, citing a RMB 49 million forex loss. Menghe's net profit fell over 93% to between zero and RMB 8 million. Qisheng Technology's net profit dropped 67% to 76% to RMB 25.8 million to RMB 34.9 million. In 2025, Menghe's electric bed revenue was RMB 647 million, and Qushui Technology's smart home revenue share reached 44%. Companies are shifting to AI sleep services.