The European Commission issued a record €550 million (US$629 million) fine against Alibaba's AliExpress on July 20, the largest penalty yet under the Digital Services Act, for failing to remove illegal, unsafe and counterfeit products from its platform

X Square Robot closes four straight rounds past RMB 20bn (~US$2.8bn) backed by Meituan, Alibaba, ByteDance and Xiaomi; AI² Robotics raises ~RMB 5bn (~US$736m)

Qwen3.7-Max and the cheaper Qwen3.7-Plus agent variant are proprietary; the open Qwen 3.6 line stays on Apache 2.0