Tobias

Nanning Yunguitong Technology faces a social media controversy in China over its young leadership, including a 17-year-old Chairman. The company defends its executive’s eligibility under Chinese Civil Code Article 18, which grants full civil capacity to employed minors aged 16+. Yunguitong asserts compliance with all regulations, emphasizing that registration details are accurate and its objectives align with legitimate, socially responsible business activities. The company also participates in the China International College Students’ Innovation Competition.

Visionox and Hefei Guoxian’s Gen 8.6 AMOLED production line, the world’s first using FMM-less (ViP) technology, has completed its main building in Hefei, China. The RMB 55 billion project aims for a monthly capacity of 32,000 glass substrates and achieved this milestone in just 168 days. ViP technology offers improved resolution, power consumption, and lifespan compared to traditional FMM AMOLED, potentially disrupting the display industry and accelerating AMOLED adoption in mid-to-large size displays.

JD Auto has rebranded its “$5 Billion Stimulus” campaign to “Zhen Gu Jia” (“Bone-Rattling Prices”) after a crowdsourcing initiative. The “818 Zhen Gu Jia Savings Fest,” starting August 11th, offers discounts up to 50% on tires, maintenance, accessories, and even electric bikes. Customers can save significantly with deals like RMB 250 off every RMB 500 spent on tires. JD Auto also introduces “365 Worry-Free Purchase,” extending coupon validity. This initiative aims to lower car ownership costs through transparent pricing and improved service.

Two women allege they were scammed out of thousands of dollars in training fees after responding to fraudulent job postings on 58.com, a Chinese online marketplace. Recruited by “Liu Ba Jia Zheng,” they paid fees based on promises of high salaries which proved unattainable. The company allegedly pushed them to establish shell companies and recruit others. Legal experts argue 58.com has a duty to vet job postings to protect job seekers. 58.com has not yet issued a statement.

Chinese tech giants like Alibaba, ByteDance, and Tencent are aggressively recruiting AI talent for their 2026 campus programs. Recruitment numbers are up year-over-year, with a strong focus on AI research and development. ByteDance plans a 20% increase in hiring, while AI roles comprise over 60% of Alibaba’s openings. The competition is fierce, with reports of high compensation, including daily rates for AI interns, highlighting the strategic importance of AI in these companies’ future.

A ride-sharing driver’s social media post showcasing a year’s worth of traffic tickets has gone viral. The driver faces over $3,000 in fines, primarily for “failure to follow lane directions.” The incident raises concerns about road safety, driver monitoring systems, and the suitability of some drivers for ride-sharing services. Social media users have questioned the driver’s driving habits, and some even suggest a career change.

Reports indicate that Cai Jingxian (“Duolong”), a highly respected Alibaba engineer and known as the “Code God,” has left the company. Cai, Taobao’s first programmer who joined Alibaba in 2000, was a core engineer responsible for building Taobao’s core transaction and forum systems. He became an Alibaba partner in 2014, recognized for his significant contributions to Taobao. Alibaba’s 2023 report confirms Cai is no longer a partner, fueling speculation about his departure and its potential impact on Alibaba’s technology leadership.

Ant Group has publicly denied rumors of a joint venture with the People’s Bank of China and China Rare Earth Group to launch a rare earth-backed RMB stablecoin. This follows a previous denial from AntChain regarding collaboration on Real World Assets with Hainan HuaTie. Ant Group cautions the public against investment scams and misinformation related to digital assets, particularly those falsely implying association with Ant Group or AntChain. The company reserves the right to pursue legal action against unauthorized brand use.

A new report indicates that AI is significantly impacting the job market, particularly affecting young tech professionals. Over 10,000 U.S. jobs were lost to AI in the first seven months of 2025. The unemployment rate for recent graduates has surged to 8.1%, with younger tech workers experiencing disproportionate job losses. While AI automation contributes significantly, economic slowdown and policy uncertainties also play a role. White-collar jobs are most affected, as AI overlaps with their skill sets.