Shein Hong Kong IPO to Raise $1.7 Billion at $26.5 Billion Valuation 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Luxshare Shares Rise as First-Half Profit Jumps 18% 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
SoftBank Plans Record $6.3 Billion Bond Sale to Fund OpenAI Investments 
New Zealand Labour Backs Social Media Ban for Under-16s 
Yindjibarndi Appeals Fortescue Mining Compensation Ruling 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
Meta, U.S. States Discuss Settlement in Teen Addiction Trial 
OpenAI AI Agent Swarm Behind Hugging Face Hack 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
Trump Administration Plans New Drug Pricing Deals With Biotech Firms 
Add as a preferred source on Google
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.
