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“Qwen Panic”: How Alibaba’s AI Ambitions Are Shaking Silicon Valley
"Qwen Panic" captures Silicon Valley's unease as Alibaba's AI advances challenge U.S. dominance, with its open-source Qwen models and ChatGPT-competing app reshaping the competitive landscape.
Newsflash
Alibaba Launches Robotics and Embodied AI
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Xiaomi Responds to Incident of Car Reportedly Driving Off on Its Own
AI
Afari Technology Unveils AI Plan and New Brand
In Chongqing, Afari debuted its brand and “AI + Vehicle” strategy, showcased 8D city smart-driving, and outlined a rapid robotaxi rollout toward large-scale commercialization.
Industry
ByteDance’s Doubao Translation Model Supports 28 Languages, Performance Comparable to GPT-4o
ByteDance debuts Doubao translation model: two-way across 28 languages, performance comparable to GPT-4o, with fluent output and 4K context.
WAIC2025
Zhipu AI Launches GLM‑4.5, an Open-Source 355B AI Model Aimed at AI Agents
Chinese startup Zhipu AI (now rebranded as Z.ai) has open-sourced its new flagship model GLM‑4.5, a 355-billion-parameter foundation AI model. The July 28 ann...
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Xiaomi Founder Lei Jun to Host New Year’s Eve Livestream Featuring Live Car Teardown
Xiaomi's founder Lei Jun will host a New Year's Eve livestream featuring a live car teardown by engineers. The event continues his tradition of year-end engagement, with netizens suggesting the focus could be on the YU7 model.
XPeng G7 Super Extended-Range SUV Launches With World-Leading 1,704 km Combined Range
XPeng Motors launched the G7 Super Extended-Range SUV, claiming a world-leading combined range of 1,704 km. The model features a 55.8 kWh battery and a 60L fuel tank, compatible with 92-octane gasoline.
Dobot Decides to Launch Shenzhen Stock Exchange IPO Plan
Collaborative robot maker Dobot Robotics has announced plans for an A-share listing on the Shenzhen Stock Exchange. The company has deployed over 100,000 robots globally and serves more than 80 Fortune Global 500 companies.
Shenzhen AI Scanner Enters the U.S. Congress, Annual Global Sales Exceed US$21.4 Million
Shenzhen's CZUR has gone global with its innovative AI scanners, with products used in venues like the U.S. Congress. The company generates nearly US$21.4M in annual revenue and leads its category on Amazon for 8 consecutive years.
Zhipu AI Launches Hong Kong IPO With HK$3 Billion in Cornerstone Commitments, Poised to Be 2026’s Largest Opening IPO
Chinese LLM developer Zhipu AI launched its Hong Kong IPO, aiming to raise ~US$555M and become the "world's first publicly listed foundation model company." It secured strong cornerstone investment of ~US$387M ahead of the listing.
InSilico Medicine Debuts on HKEX With Market Cap Exceeding ~US$2.4B, Leading the Year’s Largest Biotech IPO in Hong Kong
AI biopharma leader InSilico Medicine made a stellar debut on the Hong Kong Stock Exchange, raising US$294M in the year's largest biotech IPO there. Its shares surged 42% on the first day, valuing the company at over US$2.4 billion.
SHARGE Joins Epic Journey: Tech Brand to Power "The Wandering Earth 3" as Official Sponsor
Consumer electronics brand SHARGE has been announced as an official sponsor for the upcoming Chinese sci-fi blockbuster “The Wandering Earth 3 (Part I)”, continuing its collaboration with the film franchise
Beijing's "First Physical AI Stock" Goes Public: Digital Twin Company 51WORLD Lists in Hong Kong With Market Cap Exceeding US$1.98 Billion
Beijing-based digital twin leader 51WORLD, dubbed China's "first Physical AI stock," debuted on the Hong Kong Stock Exchange. Its shares opened 14.75% above the IPO price, valuing the "Earth Cloning Plan" company at approximately US$1.98 billion.
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