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From ‘Despair’ to a $600 Million Funding Round: How Neolix Is Betting on the Mass Commercialization of Autonomous Delivery

Chinese autonomous logistics firm Neolix has secured over $600 million in a Series D funding round, a landmark deal that signals the country’s driverless delivery sector is shifting decisively from research and development into large-scale commercialization. The financing, one of China’s largest private equity transactions in 2025,

China's Smartphone Giants Pivot to On-Device AI in Race for Dominance

Chinese smartphone manufacturers are pivoting away from large-scale foundation models to concentrate on lightweight, on-device multimodal models, seeking to deliver advanced AI capabilities directly on handsets while managing costs and privacy concerns. Vivo, OPPO, and Honor unveiled their latest AI strategies at recent developer conferences, showcasing capabilities ranging

AI Cloud Race Intensifies as Alibaba, ByteDance Compete for Market Leadership

China's AI cloud computing market is experiencing a seismic shift as major technology companies vie for dominance, each claiming leadership positions based on different metrics. The race, involving Alibaba Cloud, Huawei Cloud, Tencent Cloud, and ByteDance's Volcano Engine, highlights how artificial intelligence is reshaping competition in

BYD to Unveil Electric Kei Car for Japanese Market

BYD is set to launch a new all-electric mini-vehicle in Japan, targeting the country's unique "kei" car segment. The model is expected to make its official debut at the Tokyo Motor Show later in 2025. The vehicle adopts the classic boxy design popular among

Xiaomi's Auto Unit Nears Profitability Two Years After Market Entry

Xiaomi's automotive division may achieve profitability in the third quarter of 2025, just two years after launching its first vehicle, according to a research note from China International Capital Corp. The projection underscores the rapid financial turnaround of the smartphone maker's ambitious expansion into electric vehicles,

Insta360 Maker Arashi Vision to Launch Panoramic Drone Amid Soaring R&D Costs

Arashi Vision, the company behind the Insta360 camera brand, reported a 92.64% surge in third-quarter revenue for 2025, driven by new product launches and market expansion. However, a sharp increase in research and development expenditure caused net profit to decline. The imaging technology firm announced that its revenue

Chinese EV Makers Race to Subsidize Buyers Ahead of 2026 Tax Hike

Chinese automakers, from startups to established giants, are preemptively subsidizing buyers to offset a looming reduction in government incentives, a strategic move to lock in orders and navigate fierce competition in the world's largest electric vehicle market. At least 10 car companies have rolled out plans to absorb

Two Chinese Robotaxi Startups Set for Simultaneous Hong Kong Listing

Pony.ai and WeRide, two leading autonomous driving companies, are set to debut on the Hong Kong Stock Exchange on November 6, extending their competition from public roads to capital markets in a race to become the first Hong Kong-listed robotaxi operator. WeRide announced on October 28 that it

OnePlus Unveils Ace 6 Specifications Featuring 165Hz Display Ahead of Launch

OnePlus Technology is set to unveil its latest smartphone, the OnePlus Ace 6, alongside the flagship OnePlus 15 at a launch event scheduled for October 27, 2025. Louis Lee, President of OnePlus China, recently disclosed key specifications of the mid-range device, highlighting what the company describes as the most

Meituan Plans $3 Billion Bond Offering Amid Intensifying Food Delivery Competition

Meituan is preparing its largest-ever conventional bond issuance, targeting approximately $3 billion in funding as China's food delivery and local retail markets face intensifying price competition. The company disclosed in an exchange filing Monday that it plans to issue senior notes denominated in both U.S. dollars