Apple Intelligence China Approval Lifts Alibaba and Baidu Shares 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
Rio Tinto Reports Strong Q2 Iron Ore Sales, Maintains 2026 Production Outlook 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
SpaceX Stock Falls Below IPO Price as Investors Weigh Losses and Lockup Expiry 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
Nvidia Partners With Fanuc and Yaskawa to Accelerate AI Robotics in Japan 
DeepSeek Eyes China IPO as AI Startup Seeks $71 Billion Valuation in New Funding Round 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
xAI Sues Man for Allegedly Using Grok to Generate AI Child Abuse Deepfakes 
Stripe, Advent Offer Over $53 Billion to Acquire PayPal in Major Fintech Deal 
SK Hynix Stock Soars as AI Memory Demand Outlook Fuels Chip Rally 
Arm Stock Falls After HSBC Downgrade, Citing Limited Near-Term AI Upside 
United Airlines Beats Q2 Earnings, Raises 2026 Profit Outlook Despite Higher Fuel Costs 
Tencent’s AI assistant, Yuanbao, became the most downloaded free app on China’s Apple App Store, surpassing DeepSeek in downloads on Tuesday. Last week, it also overtook ByteDance’s Doubao AI, fueled by Tencent’s aggressive marketing campaign, according to Qimai Data.
Yuanbao is integrated with WeChat, China’s largest messaging and social media platform, giving it a competitive edge. The surge in AI interest follows the launch of DeepSeek R1, which demonstrated capabilities rivaling OpenAI’s ChatGPT despite using older hardware and a fraction of the budget.
In response, major Chinese tech firms, including Baidu, Alibaba, and Tencent, released updated AI models in the past month to capitalize on the growing demand. The success of DeepSeek also highlights China’s AI developers’ ability to innovate despite restrictions on advanced U.S. chips, shifting focus toward efficiency over scale.
Tencent’s stock responded positively, rising about 1% in Hong Kong trading on Tuesday, outperforming the Hang Seng Index’s 0.5% decline.
