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Latest — 01 Sep 2026

Tencent’s Hy4 Delivers a Generational AI Leap as Goldman Reaffirms HK$670 Target

Tencent has delivered its most significant AI model generational leap to date, with the Hunyuan Hy4 preview triggering immediate infrastructure strain and prompting Goldman Sachs to reaffirm a HK$670 price target — implying 47.2% upside from current levels — as the company's tightly integrated product-model strategy begins

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Zhipu’s H1 Revenue Surges 400% as API Pivot Cuts Gross Margin in Half

Zhipu AI Technology (02513.HK) delivered a revenue explosion in the first half of 2026—but the same pivot that drove a 27-fold surge in API income also cut gross margins in half, exposing the costly arithmetic of transitioning from high-margin enterprise software deployments to a volume-driven,

Horizon Robotics Turns Price War Into Tailwind as H1 Revenue Climbs 33%, Adjusted Loss Widens

China's leading autonomous driving chip supplier Horizon Robotics (9660.HK) reported first-half 2026 revenue of RMB 2.055 billion (US$285.4 million), a 32.9% year-on-year increase, even as a deepening price war across China's passenger vehicle market accelerated customer consolidation — a

Momenta Nears Breakeven as Revenue Jumps 76% in H1, but AI Spending Accelerates

Momenta, China's top third-party urban NOA supplier, posted its first interim results as a listed company on Aug. 31, delivering 75.9% revenue growth and a near-breakeven adjusted loss — yet management explicitly ruled out a near-term profit target, signaling that the company's spending

Huawei’s H1 Revenue Hits Record as R&D Push Drives Profit Down 37%

Huawei posted record first-half revenue of RMB 467.8 billion (US$64.97 billion) on August 31, but a 37% collapse in net profit reveals a deliberate strategic trade-off: the Chinese tech giant is systematically converting near-term earnings into technology sovereignty and supply chain resilience. The H1

BofA: China AI Model Upgrade Wave Accelerates as Cloud Giants Ramp Up Spending

A sweeping upgrade cycle across China's artificial intelligence model landscape is accelerating alongside a dramatic surge in cloud infrastructure spending by the country's leading internet platforms, with independent data pointing to Chinese models dominating global developer usage metrics, according to a newly published Wall Street research

ChinaBiz Briefing | BYD's Overseas Pivot, CXMT's DRAM Leap, Meituan's Profit Return

China's technology and industrial complex delivered a dense slate of results and milestones on August 31, 2026 — and a single theme runs through nearly all of them: domestic substitution reaching commercial maturity. From memory chips to delivery robots to satellite constellations, Chinese companies are no longer simply catching

CXMT’s LPDDR6 Matches Samsung Speeds as Xiaomi Takes It Into Production

ChangXin Memory Technologies delivers a landmark first: a domestically produced LPDDR6 chip matching Samsung's peak transfer rate, entering mass production through an exclusive partnership with Xiaomi that signals a structural shift in China's semiconductor supply chain. The milestone was confirmed on August 29, 2026, when Xiaomi

Meituan Returns to Profit in Q2 as Subsidy War Eases and AI Spending Ramps Up

Meituan returned to quarterly profitability in Q2 2026, posting a net profit surge of 490% year-on-year, as the bruising subsidies war that reshaped China's food delivery landscape over the past two years finally enters a ceasefire — freeing capital that management is now redirecting toward artificial intelligence

BYD’s Overseas Sales Hit 43% as Global Expansion Becomes Its Profit Engine

Surging international sales now account for 43% of Q2 volume and carry margins nearly four times higher than domestic vehicles, making global expansion the single most critical variable in BYD's 2026 earnings trajectory. BYD reported Q2 2026 net profit attributable to shareholders of approximately RMB 8.24 billion