Xiaomi has achieved rapid sales success with its new AI glasses, securing 200,000 pre-orders within three minutes and reaching 289,000 firm orders in one hour, leading to a 7% surge in its ADR. This performance stands out amid broader consumer spending weakness. Baidu reported that over 10 million users utilized its AI-based college application assistant and has upgraded its AI chat counselor. Baidu Health also formed a strategic partnership with the China Association of Aesthetic Medicine. Additionally, Baidu is developing AI digital humans for livestream e-commerce, with a digital version of Luo Yonghao generating 55 million yuan in gross merchandise volume (GMV) in June 2025, surpassing his real-life livestream sales in some categories. JD.com expanded its food delivery services by recruiting full-time riders and launched a new "Miaosong Warehouse," while starting preorders for Xiaomi’s AI glasses, which attracted over 16,000 sign-ups. Meituan is retreating from its community group-buy business, Meituan Youxuan, shutting down operations in unprofitable cities to focus on supermarket and instant delivery services, and suppliers were given 72 hours to liquidate inventory. Meituan holds an estimated 73% of the food delivery market, though JD.com claims a 31% share. Pinduoduo introduced a "Size-Free Exchange" service with merchants covering return shipping and continues its ¥100 billion subsidy program aimed at boosting jobs and benefiting over 2,000 rural households. Tencent plans to release its Q2 earnings on August 13, projecting revenue growth of 10-13% year-over-year to between ¥177.3 billion and ¥182.1 billion. Tencent repurchased 1 million shares on June 23 for HK$500.6 million and is testing a new group-buying feature called "Buy Together" in WeChat Stores, which removes the headcount requirement for discounts, similar to Pinduoduo’s model. Tencent also reduced its stake in XtalPi.