BUSINESS

Business Brief (Sept. 10): Israel Strikes Hamas Office in Doha

Published: Sep. 10, 2025 4:27 p.m. GMT+8

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Israel strikes Hamas office in Doha

An Israeli military strike targeted the Doha, Qatar office of senior Hamas leader Khalil al-Hayya. According to Chinese state media CCTV, Hamas leadership was meeting at the time to discuss a so-called ceasefire proposal put forward a day earlier by U.S. President Donald Trump. Sources said Israel had informed the U.S. before the attack.

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Israel struck a Hamas office in Doha as leaders discussed a U.S.-proposed ceasefire; Israel notified the U.S. in advance.
Alibaba Cloud led China’s AI cloud market in H1 2025 with 35.8% share; market expected to grow 148% in 2025.
Apple launched iPhone 17 series, with the priciest model at 17,999 yuan ($2,500); Apple stock fell 1.48% after hours.

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Who’s Who

Commercial Aircraft Corp. of China: Commercial Aircraft Corp. of China (COMAC) is a state-owned planemaker. Cambodia plans to purchase 20 C909 passenger jets from COMAC, comprising 10 firm orders and 10 options. This deal includes cooperation on aircraft introduction, operational support, and industry development.

Alibaba Cloud: In the first half of 2025, Alibaba Cloud led China's AI cloud market, securing a 35.8% market share. This placed them first among competitors like Volcengine, Huawei Cloud, Tencent Cloud, and Baidu AI Cloud. The market experienced significant growth, largely driven by generative AI.

Volcengine: Volcengine ranked second in China's AI cloud market during the first half of 2025, capturing a 14.8% market share. This places them behind Alibaba Cloud but ahead of Huawei Cloud, Tencent Cloud, and Baidu AI Cloud. The market's growth is largely driven by generative AI.

Huawei Cloud: Huawei Cloud held a 13.1% market share in China's AI cloud market during the first half of 2025. This positioned them as the third-largest provider in a market that reached 22.3 billion yuan, driven by significant growth in generative AI.

Tencent Cloud: Tencent Cloud holds a 7% market share in China's AI cloud market, ranking fourth behind Alibaba Cloud, Volcengine, and Huawei Cloud. This information is based on a report by research firm Omdia for the first half of 2025. The generative AI trend is significantly boosting this market, projected to expand by 148% in 2025.

Baidu AI Cloud: Baidu AI Cloud held a 6.1% share of China's AI cloud market in the first half of 2025. This placed them behind Alibaba Cloud (35.8%), Volcengine (14.8%), and Huawei Cloud (13.1%), and Tencent Cloud (7%), according to an Omdia report. The overall market reached 22.3 billion yuan during this period.

Apple: Apple held its autumn product launch, unveiling new AirPods Pro, three Apple Watch models, and the new iPhone 17 series, with the most expensive version priced at 17,999 yuan ($2,500). The iPhone Air model is 5.6 millimeters thick, making it the thinnest iPhone to date. This model can only be activated via eSIM, with limited carrier support in China. Apple's stock closed down 1.48% in after-hours trading.

China Mobile: China Mobile is applying to MIIT for a license to operate satellite mobile communication services. This application is currently under review. This follows a similar license being issued to China Unicom by MIIT on September 8.

China Unicom: On September 8, China Unicom received a license from the MIIT to provide satellite mobile communication services. This precedes China Mobile's application for a similar license, which is currently under review. Additionally, the article mentions that for eSIM activation in China, only some carriers, including China Unicom, support it.

Dior: Dior received an administrative penalty from Chinese public security authorities due to a data leak. This information was included in the "Companies" section of the article's "NEWS SUMMARY."

Miniso: Miniso reported that its overseas sales of intellectual property (IP) collections now make up half of its total sales. The company is actively focusing on developing its own intellectual property.

Intel: Intel has replaced half of its ten top executives, including the departure of its chief product officer.

XPeng: XPeng has published a patent related to a training method for its embodied robot model. This indicates the company's involvement in robotics and artificial intelligence advancements.

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What Happened When

August 2025：: China’s CPI fell 0.4% year-on-year and PPI showed signs of stabilization.

September 2025：: Expectations for a U.S. interest rate cut are supported after the annual increase in U.S. employment was revised down by 911,000.

Sept. 8, 2025：: China's Ministry of Industry and Information Technology issued a satellite communications license to China Unicom.

Sept. 9, 2025：: Cambodia’s Techo Takhmao International Airport began operations, with its first flight arriving from China.

Sept. 9, 2025：: Research firm Omdia released a report stating that China’s AI cloud market reached 22.3 billion yuan in H1 2025, with Alibaba Cloud leading in market share.

Sept. 9, 2025：: Minister of Industry and Information Technology Li Lecheng said China’s new-energy vehicle production and sales have remained the world's largest for 10 consecutive years.

Sept. 9, 2025：: State Administration for Market Regulation announced that major food delivery platforms pledged to end unfair competition and 'malicious subsidies' following talks.

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