Ruisheng Technology: the net profit attributable to the parent company in the third quarter was 183 million yuan, a year-on-year decrease of 57.4%

Apple and China: A Mutually Beneficial Relationship

In 2019, around 46% of Apple's suppliers were Chinese companies or China-based factories. Not only do Chinese firms rely on Apple's sizable orders, but Apple also sees benefits from the country’s high cost-efficiency and growing innovation.

AutoFlight Secures Indonesian eVTOL Validation and Signs 150-Aircraft Letter of Intent

Chinese electric aircraft developer AutoFlight（峰飞航空）has signed a strategic cooperation agreement with Satar Aviasi Indonesia and Hong Kong-based Inno One Group covering an intended purchase of 150 electric vertical take-off and landing aircraft and the planned development of an eVTOL operating demonstration system in Indonesia.

Baidu’s Apollo Go Signs Kazakhstan Partnership to Explore Robotaxi Services

Baidu’s autonomous ride-hailing platform Apollo Go（萝卜快跑）signed a strategic cooperation agreement with Kazakhstan-based Turlov Private Holding Ltd. on July 16 to explore the introduction of autonomous-driving technology and mobility services in Kazakhstan.

Moonshot AI Unveils 2.8-Trillion-Parameter Kimi K3, With Open Weights Due by July 27

Moonshot AI（月之暗面）on July 16 unveiled Kimi K3, a 2.8-trillion-parameter artificial intelligence model featuring native vision capabilities and a context window of up to one million tokens. The Chinese AI startup describes K3 as the first open model in the roughly three-trillion-parameter class and says it will release the model’s full weights by July 27.

Xiaomi and OPPO Invest in Optics Tech of Apple Supplier AAC Technologies

AAC technologies, as one of the most comprehensive consumer electronics upstream suppliers in China, plays in the verticals of acoustic, precision processing, haptics and optics.