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CBI

ByteDance Poised to Net $2 Billion Profit From Gaming Unit Sale to Saudi Buyer

ByteDance is in advanced talks to sell its gaming division Shanghai Moonton Technology Co. to Saudi Arabia's Savvy Games Group in a deal valued at 6 billion to 7 billion, according to people familiar with the matter. The transaction, which could close this quarter, would mark China'

Honor Magic V6 Foldable Leaked in Live Images Ahead of MWC26 Debut

Honor's upcoming flagship foldable smartphone, the Magic V6, has surfaced in commercial photoshoot images days before its scheduled world premiere at Mobile World Congress 2026, revealing an ultra-slim profile and a premium dark red color variant. The device, spotted in the hands of Hong Kong actor and

Kimi Surges Ahead in Global AI Race as Overseas Revenue Overtakes Domestic Market

While China's tech giants wage an expensive AI battle at home, Kimi has quietly achieved a strategic milestone: overseas revenue now exceeds domestic income, with paying users quadrupling following the launch of its K2.5 model. The shift signals a fundamental realignment of priorities at Moonshot AI, the

China's EV Charging Network Faces Stress Test as 380 Million Electric Vehicle Trips Expected During Spring Festival Rush

China's electric vehicle charging infrastructure is confronting its most severe test yet as the nation's 2026 Spring Festival travel rush unfolds, with an estimated 380 million new energy vehicle trips expected during the 40-day period from February 2 to March 13. The surge in EV

ChinaBiz Briefing | EV Downturn, AI Advances, and Tech Hardware Shifts

China's tech and business landscape this week revealed deepening pressures in electric vehicles, accelerating AI model competition, and shifting smartphone dynamics—signals of an industry transition from growth-at-all-costs to sustainable commercialization. China's EV Market Stumbles With 15% Sales Decline as Budget Segment Collapses

China's Auto Market Starts 2026 With Sharp Decline as Electric Vehicle Sales Plunge 20%

China's passenger vehicle market stumbled in January 2026, with terminal sales dropping 15% year-on-year to 1.55 million units, as new energy vehicles suffered a steeper 20% decline amid weakening demand for electric cars. The setback marks a challenging start to the year for the world&

Xiaomi Unveils Upgraded SU7 Electric Sedan With Enhanced Platform and Extended Range

Xiaomi has begun displaying its revamped SU7 electric sedan in showrooms across China, marking a significant upgrade to address competitive pressures in the country's crowded EV market. The new generation model features an advanced high-voltage platform, extended range capabilities, and enhanced safety systems—improvements aimed at countering

Huawei Reclaims Top Spot in China Smartphone Market Despite Sales Decline, Mate 80 Leads January Surge

Huawei secured the leading position in China's smartphone market in January 2026 with a 19% market share, driven by strong demand for its Mate 80 flagship device, according to research firm Counterpoint. The achievement comes despite the company recording a 27% year-on-year decline in overall sales,

Goldman Sachs: AI Video Generation Market Big Enough for Multiple Winners as Kuaishou and ByteDance Both Poised to Benefit

Goldman Sachs has dismissed concerns about winner-take-all dynamics in the AI video generation space, arguing that both Kuaishou Technology and ByteDance's competing platforms will benefit from a rapidly expanding market. The investment bank projects the global AI video generation market will surge tenfold from US$3

Chinese Mobility Companies Accelerate Global Expansion as Industry Enters New Era

China's mobility sector is embarking on a comprehensive global expansion, with ride-hailing platforms, autonomous driving firms, and emerging transportation providers establishing operations across multiple continents. This wave of internationalization, backed by mature technologies and robust ecosystems, marks a significant shift from earlier failed attempts and positions Chinese