Tobias

Nvidia CEO Jensen Huang met with China’s Minister of Commerce Wang Wentao, signaling Nvidia’s continued commitment to the Chinese market despite geopolitical tensions. Wang affirmed China’s openness to foreign investment and encouraged Nvidia to provide reliable products. Huang emphasized the attractiveness of the Chinese market and Nvidia’s intent to deepen AI cooperation. The meeting highlights Nvidia’s balancing act between US restrictions and China’s commercial potential. Huang has stressed the importance of the Chinese market and existing fruitful relationships.

A leaked image suggests Xiaomi is developing a mid-to-large size SUV with a range extender powertrain, potentially launching as early as 2026. The heavily camouflaged prototype, spotted alongside a Xiaomi SU7, showcases a more robust design. This move expands Xiaomi’s product line beyond the current all-electric SU7 and YU7 series, aiming to attract consumers seeking extended driving range. Xiaomi Auto has delivered over 300,000 units, with nearly 170,000 in 2025, and targets 350,000 annually. The SUV introduction could solidify Xiaomi’s position in the EV market.

Chinese soda brand Dà Yáo, a barbecue staple, is attracting significant attention. Private equity firm KKR is set to acquire an 85% stake in Dà Yáo Guest Drinks, potentially giving them indirect control. The move follows Dà Yáo’s national expansion and marketing push featuring action star Wu Jing. While the current management team remains, acquisition rumors have circulated, including earlier speculation of interest from Coca-Cola. Dà Yáo, alongside Coca-Cola and PepsiCo, controls a substantial portion (92.87%) of the domestic soda market. The company reiterates its commitment to long-term brand development despite market speculation.

Influencer “Duorou Baobao” (Sun Yuetong) is under police investigation for allegedly defrauding fellow influencers of potentially hundreds of millions of yuan. She gained initial attention for falsely claiming to be Olympic swimmer Qin Haiyang’s fiancée. “Duorou Baobao” allegedly cultivated a wealthy businesswoman persona, fabricating investments and forging documents to secure endorsements, loans, and ultimately abscond with the funds. Over 60 individuals are reportedly affected, and her social media accounts have been made private.

Xpeng Motors CEO He Xiaopeng believes China and the US are leading the autonomous driving race. While currently at a similar Level 2-4, China’s faster momentum in technology, market acceptance, and regulation could allow it to surpass the US, particularly in L2 and L3 applications. He Xiaopeng’s comments follow Tesla’s demonstration of a “fully autonomous delivery” using a Model Y, which Elon Musk hailed as “true self-driving,” showcasing Level 4 capabilities.

China is lowering the luxury car tax threshold from 1.3 million to 900,000 yuan, effective July 20, 2025. This policy shift mainly impacts traditional gasoline-powered vehicles, which dominate the ultra-luxury segment. In H1 2025, ultra-luxury vehicle sales declined 49% YoY. Mercedes-Benz (48% market share) and Land Rover (23%) are most affected. The policy targets cars priced between 1.017 and 1.469 million yuan, representing a small portion of total luxury car sales. Some domestic automakers are entering this market segment.

Wahaha, a Chinese beverage giant, faces potential sales decline after news of a lawsuit against its Chairperson Zong Fuli emerged. E-commerce data reveals a drop in daily sales following the news. Concerns are growing among distributors. While some link the downturn to reputational damage, industry experts emphasize the importance of product quality and operational efficiency. Zong Fuli has previously advocated decoupling the brand from personal image. Wahaha’s long-term success hinges on adapting to intense competition and evolving consumer preferences.

Wahaha founder Zong Qinghou is facing rumors of illegitimate children, sparking public disappointment. Experts highlight the risks of companies being overly reliant on their founders, citing examples like Gree, Xiaomi, Tesla and Apple. Analysts believe Wahaha’s operations won’t be significantly affected, as product quality depends on production standards, not the leader’s personal life. They caution against creating false rivalries with competitors like Nongfu Spring, urging the public to focus on facts and avoid personality-driven narratives.

OpenAI has launched ChatGPT Agent, a unified AI agent integrating web interaction, information gathering, and advanced conversational abilities. Powered by modules for web automation, in-depth research, and an enhanced GPT-4 dialogue engine, it can perform complex tasks like financial research, presentation creation, and code generation. While limitations exist in complex modeling and non-English text analysis, the agent is available to Pro, Plus, and Team subscribers, with future plans for voice interaction and expansion into healthcare and education.

French-Asian comedian Bou Hamine has died at 43 after falling from his Paris apartment on July 18th while attempting to retrieve his phone. His agency confirmed the news, which has prompted widespread mourning. Hamine was scheduled to perform in Canada the following day. Police investigating the scene have preliminarily ruled out foul play. Hamine, born in 1981, initially studied computer science before dedicating himself to comedy in 2006, facing financial hardship before finding success with the help of a mentor in 2012.