MiniMax founder and CEO Yan Junjie said he will stop taking a salary until the company achieves artificial general intelligence, and will allocate 4% of his personal equity to team incentives over the next four years and 1% to support open-source community development. Separately, Alibaba has invested about RMB 7.6 billion in ChangXin Memory Technologies (CXMT), making it the company’s largest industry investor with a roughly 5% stake, as CXMT plans to launch its STAR Market IPO on July 16 aiming to raise RMB 29.5 billion through the issuance of 6.688 billion shares. Alibaba Cloud revenue grew 45% in Q1 of fiscal 2027, marking its eighth consecutive quarter of accelerating growth. Dtech Technology completed its Hong Kong listing on July 9, raising net proceeds of about HKD 4.67 billion. Shenzhen-based data storage manufacturer Shichuangyi filed for a ChiNext IPO, aiming to raise RMB 1.84 billion, reporting 2025 revenue of RMB 4.27 billion and net profit of RMB 577 million. Xpeng launched internal employee testing for its robotaxi service, with public demonstration operations planned for the second half of 2026. GAC Group reported 773,100 vehicle sales in the first half of 2026, up 2.35% YoY.