Tobias

A driver in Lianyuan, China, attempted to evade police after a traffic stop by throwing 20,000 yuan ($2,760 USD) in cash at them. The intoxicated man scattered the bills while fleeing on foot, hoping to create a distraction. Police teams pursued the suspect, secured the money, and maintained order. He was apprehended, his blood alcohol level was significantly over the limit. He faces fines, license revocation, and potential criminal charges.

Intel launched a “USAI” section on its website, emphasizing its commitment to American chip manufacturing – claiming to be the only U.S. company manufacturing advanced chips domestically for over 50 years. This follows a meeting between Intel CEO Pat Gelsinger and President Trump, signaling a potential shift in sentiment. Facing global competition and scrutiny, Intel aims to solidify its standing as a vital American asset. Gelsinger addressed concerns about his background and assured the company is on track to advanced U.S. semiconductor manufacturing process.

Sony has completed shifting its PlayStation 5 (PS5) console production for the U.S. market out of China in response to U.S. tariffs. According to CFO Hiroki Totoki, this supply chain realignment aims to mitigate the impact of trade tensions. The production shift for PS5 peripherals is expected to be finalized by the end of September 2025. While current PS5 prices in the U.S. remain stable, Sony will dynamically adjust future pricing based on various factors including profitability and market competitiveness.

A Chinese national, Zhang Shuqing, who owns a significant stake in Ounajima Island near Okinawa, Japan, intends to increase her holdings. Currently controlling 720 out of over 900 ownership rights, she initially gained attention for purchasing the 700,000-square-meter island. Zhang has no immediate development plans, considering leaving it to her children. A helicopter landing pad is under construction for company retreats. Described as therapeutic with excellent diving and camping, the uninhabited island once housed Ryukyu limestone extraction settlements and features wild goats and coral reefs. The closest point to mainland China is approximately 700 kilometers.

Gree Electric’s WeChat account renaming sparked speculation, but the change is related to launching an online “Dong Mingzhu Healthy Home” store. Tencent’s naming policies necessitated the shift. This follows the success of “Dong Mingzhu Healthy Home,” leveraging Dong Mingzhu’s personal brand to boost market awareness and validate Gree’s brand strategy. Gree plans to establish 10,000 such stores nationwide. Dong Mingzhu emphasizes her contribution to Gree’s success.

*Fortune* China released its “40 Under 40” list, recognizing promising young Chinese business leaders. DeepSeek founder Liang Wenfeng, previously known for High-Flyer Quant, tops the list, followed by leaders from Unitree Robotics, Pop Mart, Insta360, and Seres Group. DeepSeek’s emergence in the AI sector highlights China’s push for AI dominance. The list reflects a trend towards AI, healthcare, green technology, new consumerism, and intelligent manufacturing, mirroring China’s strategic priorities.

Elon Musk is accusing Apple of App Store bias, alleging they favor OpenAI’s ChatGPT over his AI chatbot, Grok. Musk threatened legal action, claiming antitrust violations. However, Community Notes challenged his assertions. This dispute highlights Musk’s ongoing rivalry with OpenAI’s Sam Altman and his historical grievances with Apple. Despite the initial fury, Grok’s recent App Store ranking climb and Musk’s softened stance suggest a possible de-escalation, though his past conflicts and ambition indicate this feud may persist.

NVIDIA’s H20 AI chip, designed for the Chinese market, faced export restrictions but received conditional clearance in mid-July, requiring a 15% revenue remit to the U.S. government. Despite this, H20’s future in China is uncertain. NVIDIA defends its H20 exports, emphasizing the U.S.’s need to compete with China in AI and avoid repeating the 5G situation where it lost its leadership position. They believe U.S. AI can become the global standard if the U.S. actively participates in the competition.

Tencent’s Q2 earnings report reveals a surge in gaming revenue, driven by the continued success of Honor of Kings. Domestic game revenue rose 17% year-over-year to RMB 40.4 billion, with Honor of Kings being a key contributor. AppMagic data shows it as the sole mobile game exceeding $1 billion in H1 revenue. Honor of Kings, celebrating its 10th anniversary, has topped global mobile game revenue for three years and shows impressive growth. Overall game revenue increased by 22%, and international game revenue also surged by 35%, marking the fourth consecutive quarter of record highs.

An online feud erupted between Elon Musk and Sam Altman, with Musk accusing Apple of favoring OpenAI’s ChatGPT in the App Store and alleging antitrust violations. Altman retorted, criticizing Musk’s own manipulation of the X platform. The spat escalated with accusations of lying and algorithm manipulation. Interestingly, Musk’s own Grok AI seemed to side with Altman, criticizing Musk. Apple defended its App Store policies, emphasizing fairness and unbiasedness.