Tobias

Gree Electric has denied online rumors alleging executives colluded with an overseas investor, identified as Zhang Mouli, to commit fraud. Gree asserts an internal investigation found no evidence of improper dealings and condemns the claims as fabricated and defamatory due to lack of preemptive verification. The company has reported the article to the police, initiated legal action to protect its reputation and that of its executives, and advises business partners to engage directly with Gree to prevent potential fraud. The original article is no longer available online.

NVIDIA quietly added InnoScience, a Chinese GaN manufacturer, to its list of 800V DC power architecture partners, making it the sole Chinese supplier. This triggered a surge in InnoScience’s stock price in Hong Kong. InnoScience confirmed the collaboration, noting its GaN technology’s role, but cautioned that it’s still in the testing phase without concrete orders. InnoScience, the world’s first IDM mass-producing 8-inch GaN wafers, leads in GaN discrete device shipments, serving various sectors, including EVs and data centers.

Microsoft has expanded its .NET bug bounty program, increasing the top reward to $40,000 for critical vulnerabilities in .NET and ASP.NET Core. The program now encompasses a wider range of technologies and offers tiered rewards based on the severity of the vulnerability, incentivizing researchers to focus on the most damaging flaws, like Remote Code Execution (RCE) and Elevation of Privilege (EoP). This move reflects Microsoft’s commitment to proactive security and leveraging external talent to identify weaknesses.

BYD has officially named its first fleet of eight transport vessels, marking a significant step in establishing a global logistics network. Seven ships are operational, with “Jinan” entering sea trials. The standardized design of vessels like “Pioneer 1,” “Shenzhen,” and “Zhengzhou” promises streamlined costs and efficient operations. This dedicated fleet addresses international logistics challenges amid BYD’s surging overseas EV sales and leverages domestic manufacturing hubs, signaling its commitment to global market leadership.

Inphic is launching the IN10R, an ergonomic right-handed gaming mouse designed for small to medium hands, on August 1st. It features a “Six Golden Touchpoint Design” based on extensive hand-size data. The mouse incorporates a nano-level “ice-sense” coating to reduce sweat and slippage. Weighing 62g, it boasts a PAW3395 sensor, KP950B chip, 8K receiver, and Omron micro switches. It also features tri-mode connectivity, a large battery, customizable software, and a low-friction design. Available in two colors.

Li Auto’s i8 crash test video, showing a collision with a heavy-duty truck, has triggered controversy in China. The video, seemingly demonstrating the i8’s superior safety, led to scrutiny and a challenge from truck manufacturer Chenglong. Key individuals from both companies have proposed a public retest, escalating the situation. A Chenglong dealership invited Li Auto drivers for a rematch, highlighting the intense competition and reputational stakes for both companies. The event has garnered significant public attention.

Leading Chinese food delivery platforms, including Meituan, Ele.me, and JD.com, have signaled a potential end to subsidy wars by publicly committing to curb unfair competition and “zero-dollar” promotions. They pledged to regulate promotional activities, respect market dynamics, guarantee reasonable profits for merchants, and focus on healthy competition driven by quality and service. The platforms aim to build a sustainable ecosystem through technological empowerment and supply chain innovation instead of relying on aggressive subsidies.

Beijing is allocating 69 billion yuan in special treasury bonds, the third batch dedicated to stimulating domestic consumption through trade-ins of consumer goods. A final tranche of 69 billion yuan is planned for October. The NDRC, along with the Ministry of Finance and Commerce, will oversee local governments to ensure matching funds and prevent price hikes or subsidy fraud. This initiative, building on a January program, offers subsidies for electronics upgrades, such as 15% discounts (up to 500 yuan) on smartphones, tablets, and smartwatches priced under 6,000 yuan.

Leading Chinese on-demand delivery platforms, including Ele.me, Meituan, and Taobao Flash, have jointly announced an end to “malicious competition” after regulatory scrutiny. The companies pledge to standardize promotional activities, prevent unfair competition, and ensure fair industry practices. Key areas of focus include strategically planned subsidies, rejecting unfair competition, improving service quality, and fostering a win-win ecosystem. This shift follows a meeting with China’s State Administration for Market Regulation (SAMR), which mandated compliance with relevant laws and regulations.

WeChat has updated its withdrawal fee structure, lowering the minimum fee threshold to 0.01 yuan (approximately $0.0014 USD) as of July 25th. Previously, a 0.1 yuan minimum applied after a cumulative 1,000 yuan fee-free withdrawal allowance was exceeded. Now, fees below 0.01 yuan are rounded up, but withdrawals of 0.01 yuan or less are exempt, benefitting users with small balances.