Several listed Chinese companies have announced receiving U.S. tariff refunds since July, with tariff and interest refunds equivalent to between 10 million yuan ($1.5 million) and 100 million yuan.
U.S. customs data showed on Aug. 4 that about $100 billion of the $165 billion in tariffs collected under the International Emergency Economic Powers Act had been refunded, accounting for about 60%.
NEWS SUMMARY
DeepSeek’s application programming interface (API) calls have reached three times that of OpenAI, prompting the latter to offer its services for free after discounting proved ineffective.
Tencent’s WeChat is testing AI features for its Moments platform that assist with writing and commenting.
ByteDance aims to develop an ultra-large-scale AI model on par with Anthropic’s Mythos.
About 116,000 humanoid robot companies were established in China in the first half of the year.
U.S. President Donald Trump held a mining roundtable, announcing plans to invest more than $2 billion in critical minerals.
The Democratic Republic of the Congo’s ban on copper and cobalt concentrate is disrupting the market, though several Chinese companies said they have not been affected yet.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
