JODI: Saudi Arabia June petroleum product demand fell 34k bpd MoM to 263.3k bpd; crude production rose 562k bpd MoM to 7.122 mln bpd; crude exports rose 559k bpd to 3.993 mln bpd; refinery crude runs increased 111k bpd to 2.497 mln bpd.

Fangzheng Motor reported 1H revenue of 1.717 bln yuan, up 35.77% YoY, and net profit attributable to parent company shareholders of 24.38 mln yuan versus a 7.20 mln yuan loss a year earlier. Results were driven by higher sales of drive motors and automotive electronics.

Alibaba Group reported quarter ended June 30, 2026: group revenue rose 9% YoY. Management said Alibaba Cloud's external commercialization revenue growth accelerated to 45% YoY and AI-related product revenue posted triple-digit YoY gains for a 12th consecutive quarter. The company launched AI productivity platform Qianwen Office. Cloud revenue continues to accelerate; a higher-quality revenue mix and operating leverage lifted group EBITA margin to 12%. Instant retail kept market share while improving efficiency and e‑commerce profits remained steady. Management reiterated disciplined, ongoing investment in full‑stack AI as AI commercialization scales, which it said will increase strategic and financial flexibility.