Alibaba's 1688 platform has launched an AI-powered product customization tool called Xiangzao, currently embedded in its main platform. Users can design, preview, and order products such as tote bags and T-shirts via AI, with orders automatically dispatched to factories for production. The tool covers multiple categories, and a standalone app is under consideration. The domestic custom clothing market is estimated at nearly RMB 200 billion.
Kingfa Technology has established a wholly-owned subsidiary, Jiangsu Kingfa Composite Materials Co. , Ltd. , with a registered capital of RMB 50 million. The company, with legal representative Zhang Chao, focuses on new material technology research and development, plastic product manufacturing, and sales of engineering plastics and synthetic resins. It was incorporated around July 27.
Haidilao opened the first store of its new sub-brand Huanxianbao in Wuhan on July 24. The brand focuses on freshly made beef burgers, offering six varieties priced from RMB 19.9 to RMB 41.9 for sets. The menu includes nearly 50 SKUs, including pizza, pasta, salads, desserts, and drinks. More than 3,000 sets of the RMB 19.9 cheese burger combo have been sold via Douyin group buying. The launch follows the earlier sub-brand Xiaohai Aizha, which was upgraded in late 2025 to include burgers.
Hong Kong Exchange (HKEX) announced the launch of stock options for Zhongji Innolight Co. , Ltd. Subject to the successful listing of the underlying shares, monthly and weekly expiry contracts will begin trading on July 30, 2026. The move expands HKEX's product range for investors.
Changxin Technology, China's sole large-scale DRAM manufacturer, listed on July 27, 2026, raising 57.919 billion RMB. In Q1 2026, revenue reached 50.8 billion RMB with an operating margin near 70%. The company's 2025 DDR sales surged 282% while unit costs fell 26.26%. Revenue grew from 9.087 billion RMB in 2023 to 61.799 billion in 2025, turning profitable.
Asics reported 2025 full-year global revenue up 19.5% and operating profit surging 42.4%. Greater China revenue reached 120.5 billion yen, up 19.9%, making China the third-largest market outside Japan. In 2018, Greater China sales were 39.69 billion yen; in 2020, they grew 4.2% to 41.12 billion yen. Asics plans to open more large direct stores in first- and second-tier cities and expand local production, which currently accounts for 50% of China sales.
ChangXin Memory Technologies (ChangXin) released its strategic placement list, with allocations primarily to large enterprises that have strategic cooperation or long-term partnership plans with its business, including multiple listed companies. As of 10:45, NSIG rose over 2%, Yitang and Anji Technology gained over 1%, while Tuojing Technology, Tongfu Microelectronics, and Huaqin Technology slid over 2%. ZTE and TCL Technology edged down.
Tencent Cloud announced that from 00:00 Beijing time on July 27, its TDSQL-C MySQL edition architecture 2.0 will enter commercial billing. The billing items include compute resources and storage resources. The price for compute resources (CPU and memory) remains unchanged compared with architecture 1.0, while the price for storage resources is lower than that of architecture 1.0.
Haibo Sichuang, together with other shareholders, has recently co-founded Beijing Qingneng Lvdian Technology Co. , Ltd. in Beijing. The new company's registered business scope includes artificial intelligence basic software development, AI application software development, software sales, software development, and machinery and equipment sales. Haibo Sichuang is among the co-owners of the entity.
Changxin Technology (688825) surged 465.82% on its July 27 debut, closing at RMB 48.90. Turnover reached RMB 141.2 billion on 2.99 billion shares traded, with a turnover rate of 66.40%. The company raised RMB 57.9 billion in its IPO for DRAM technology upgrades. Another new stock, N Weiqi, closed up 599.50%.
Uber has agreed to acquire German food delivery platform Delivery Hero at an equity value of approximately $14.8 billion, with the total deal valued at about $13.7 billion. Major shareholder Prosus, a European tech investment group, will sell its remaining 16.8% stake for roughly $2.5 billion, largely exiting the investment. Uber’s delivery business, its second growth engine, saw first-quarter bookings rise 25% year on year, with delivery bookings up 23%. The acquisition is part of a global consolidation wave in the food delivery industry.
BYD plans to unveil its first humanoid robot in early August and deploy two to three units at each dealership for vehicle guidance and product demonstrations, as revealed by an executive. The company aims to use the robots to explain vehicle features, create an engaging atmosphere, and even demonstrate functions.
Xiaomi Group-W (01810. HK) repurchased 1.86 million shares on 24 July 2026 at prices between HK$26.760 and HK$26.920, spending a total of HK$49.999 million. The stock closed at HK$26.720, down 1.55% on the day. Since the start of 2026, the company has completed 83 buyback transactions, acquiring 365 million shares at a total cost of HK$11.316 billion.
Joyson Electronics repurchased 1.05 million shares on July 24, 2026, at prices between HK$12.53 and HK$12.88, spending HK$13.41 million. Combined with the previous day's buyback, the company bought back 1.35 million shares over two days for a total of HK$17.28 million. The stock closed at HK$12.87 on July 24, down 0.54%, but gained 1.26% over the two-day period. Year to date, Joyson has completed 17 buybacks, repurchasing 533,550 shares for HK$77.69 million.
Xindong Company bought back 185,000 shares on July 24, 2026, at prices between HK$41.72 and HK$42.70, for a total of HK$7.776 million. The stock closed at HK$41.88, down 2.24% on the day. This was the 29th consecutive trading day of buybacks since June 12, during which the company repurchased 4.997 million shares for HK$225 million. The stock fell 17.23% over this period. In 2026 to date, Xindong has conducted 102 buybacks, repurchasing 10.8216 million shares for HK$624 million.
HSBC and Hang Seng Bank are integrating their back-office operations this month, covering seven cost centers including finance, risk, corporate communications, information technology, and internal audit. Six HSBC Hong Kong teams will report to Hang Seng managers. A senior executive from one of the two banks will lead the combined Hong Kong operations and report to HSBC Asia and Middle East, streamlining overlapping reporting lines ahead of Hang Seng's privatization.
CATL reported a 37% rise in interim net profit, with earnings per share of RMB 9.51, up 37.4% year-on-year. The company announced an interim dividend of RMB 14.11 per 10 A-shares and HKD 16.29 per 10 H-shares, a 48% increase. It also plans to buy back A-shares worth between RMB 20 billion and RMB 40 billion within 12 months for cancellation. Following the announcement, CATL's H-shares initially surged to HKD 650 before reversing to HKD 614, down 1.3%.
Sony Interactive Entertainment announced in early July that it will close the PlayStation 3 and PS Vita digital stores globally by July 2027. The news triggered a surge in prices for rare physical PS3 games, with some titles rising nearly 400%. The action platformer Puppeteer, previously sold for $60-$70, now fetches over $200 on eBay. Other exclusives like Folklore and 3D Dot Game Heroes also saw significant increases. The closures will be phased, with some regions starting in 2026.
Supor, the Chinese kitchenware maker, said that bulk raw materials including aluminum, stainless steel and plastics saw significant cumulative price increases in the first half of the year, driven by geopolitical conflicts. The company expects cost pressure to persist through the third and fourth quarters. It is using external hedging and internal cost-lean projects to mitigate the impact.
Several chairmen of Chinese listed companies have proposed 2026 interim cash dividends to reward shareholders, aligning with an investor-oriented philosophy. Some companies, such as Shenzhen Aoto Electronics Co. , Ltd. , also received buyback proposals from their chairmen, citing confidence in future growth and a desire to protect investor interests. The buybacks aim to fund employee incentive plans. The proposals will be reviewed by boards and shareholders. These moves are part of a trend to enhance shareholder returns and market value stability.
Intel Corporation has entered into a partnership with Lens Technology to jointly research and develop packaging solutions based on glass substrates. The collaboration aims to explore the potential of glass as a substrate material for advanced semiconductor packaging, which could offer benefits in performance and thermal management. No financial terms or timeline were disclosed.
Japanese internet firm Hatena, operator of Hatena Blog and Hatena Bookmark, disclosed on July 24 that its finance chief was tricked into transferring about 118 million yen in a telecom fraud in April. An external investigation report found management deficiencies, noting the victim, who had just returned from suspension, believed he was cooperating with an internal probe and was psychologically isolated.
Alphabet reported a 82% year-on-year increase in cloud revenue for the second quarter of 2026, but raised its full-year capital expenditure guidance to $205 billion, a level some analysts project for 2050, and posted its first negative free cash flow since its 2004 IPO. The stock fell over 7% in a single day. The Magnificent Seven index dropped 4.8%. Apple, which avoided heavy AI spending, rose 15% in July. Microsoft fell 21% year to date, Meta 9.8%, while Apple gained 23% and the S&P 500 rose 8.3%.
Xiaomi Auto will hold a technology launch event on July 30 at 7:00 p. m. to officially introduce two SkyNomad series EREV SUVs: the seven-seat N90 Max and the five-seat N70 Max. The event will also present the Xiaomi Kunlun Technology Architecture, which includes the Kunlun Platform, Kunlun Super EREV, and Kunlun All-Domain Safety. Developed from early 2023, the architecture enables flexible interior space via a flat floor and ultra-long rails. The N70 Max, already filed with regulators, measures 4,960 mm by 1,998 mm by 1,785 mm with a 2,950 mm wheelbase. A camping version of the N90 Max features an electro-hydraulic pop-up tent.
Microsoft's AI strategy, initiated in 1900, is backfiring on its core business. Shares have fallen over 24% in the past year as investors question AI returns. Copilot trails ChatGPT and Claude, while Azure growth is constrained by internal GPU allocation. The company plans to invest 190 billion USD in AI infrastructure this year, sparking internal concerns amid restructuring.
China Lesso, having set up its first overseas production base in North America in 2012, now operates facilities in Indonesia, Thailand, Malaysia, Cambodia, Vietnam, the Philippines, Tanzania, Angola, and Uzbekistan. The company has supplied products for projects including Cambodia's Techo International Airport, Sri Lanka's Hambantota Port Phase II, and African electrification and water schemes. In 2025, overseas revenue accounted for 9.6% of total sales.
Anthropic launched Claude Opus 5, a pragmatic model with adjustable effort, priced at $5 per million input tokens and $25 per million output tokens. It outperformed all models in Frontier-Bench v0.1, scored 30.2% on ARC-AGI 3 versus the previous best of 7.8%, and in CursorBench 3.2 its max effort score was within 0.5% of Fable 5 at half the cost. Anthropic also announced deployment of AMD Instinct MI450 GPUs (up to 2 GW) and up to $5 billion strategic investment from AMD.
Tesla reported second-quarter 2026 revenue of $28.2 billion, up 25.5% year-on-year, but operating profit plunged to $400 million, far below expectations. Automotive gross margin fell to 16.3%, also missing estimates. Core auto sales revenue rose 27% to $20 billion, though average selling price declined. Robotaxi in Austin achieved 50% to 60% unsupervised trips but no large-scale milestone. Capital expenditure guidance remains above $25 billion.
Nvidia CEO Jensen Huang posted his first tweet on X on July 24, publicly supporting open-source AI. He joined over 20 companies, including Meta, a16z, and Hugging Face, in signing an open letter titled "Open-Weight and American Leadership in AI." The move comes amid Washington's debate on restricting open-source AI and as Chinese firms like DeepSeek and Kimi K3 demonstrate that open-source models can match top closed-source efficiency. OpenAI, Anthropic, and Google did not participate. The alliance signals a shift from technology-driven competition to rule- and ecosystem-based competition, with Nvidia seeking to protect its position as a compute supplier.
Cystone Capital invested 1.2 billion yuan in ChangXin Memory in 2021, when the company was an early-stage DRAM maker with 40,000-wafer monthly capacity. The investment, still Cystone's largest single holding, faced challenges including a technology gap of three generations and a 20% cost gap per process generation. By end-2025, ChangXin Memory had narrowed the gap to 1-2 generations, launched full product lines, and listed on the STAR Market with revenue expected to exceed 20 billion yuan.