Spotify's HiFi tier to come with a higher price tag.

Spotify plans to launch a new, more expensive subscription plan called "Supremium" that will likely include high-fidelity audio and expanded access to audiobooks. Chinese vendors are reportedly bypassing the US embargo to supply high-end Nvidia AI chips through an underground market in Shenzhen. Eddie Wu, one of Alibaba's co-founders and current Chair of Taobao and Tmall Group, will succeed Daniel Zhang as CEO effective September 10. Deutsche Bank has applied for a digital asset custody license to operate a custody service for digital assets, including cryptocurrencies. AstraZeneca is reportedly considering spinning off its China business amid mounting geopolitical tensions.