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Cambricon Loses $10 Billion in Half-Day Trading on Unverified Revenue Guidance Rumor

China's leading AI chip maker Cambricon saw its market capitalization plunge by over 70 billion yuan ($9.7 billion) in half a trading day on February 3, 2026, after an unverified screenshot circulated suggesting the company provided disappointing revenue guidance. The dramatic selloff, triggered by an unconfirmed rumor,

China Internet VAT Panic: JPMorgan Says Telecom Reclassification Won't Mechanically Transfer to Gaming Sector

Hong Kong-listed Chinese internet stocks tumbled sharply in early trading on February 3, 2026, as market rumors swirled that Beijing might raise value-added tax (VAT) rates applicable to internet companies—particularly online gaming operators. By the close, Tencent had shed 3% even as the Hang Seng Index edged

ChinaBiz Briefing | China's EV and Chip Sectors Navigate Cost Inflation and Capacity Constraints

China's technology and automotive industries entered February 2026 confronting a new operating reality: rising input costs, tightening margins, and strategic pivots that prioritize resilience over rapid expansion. From Huawei's push into mid-range chipsets to CATL's defiance of seasonal production slowdowns, the week'

Huawei's Kirin 8030 Chip Specifications Surface, Signaling Mid-Range Performance Push

Specifications for Huawei Technologies's upcoming Kirin 8030 processor have emerged online, suggesting the Chinese tech giant is preparing a significant upgrade to its mid-tier chipset lineup with performance metrics approaching premium-level processors. According to a report published by Huawei Central on February 3, 2026, citing information

Chinese AI Glasses Brands Race to Dominate Offline Retail as They Target 700 Million Myopic Users

Chinese AI glasses manufacturers are accelerating their offline expansion across the country, with Rokid, Rayneo, and XREAL battling to establish retail presence through both traditional eyewear stores and digital electronics outlets. The aggressive push comes as brands compete to capture China's estimated 700 million myopic consumers, representing a

Xiaomi Reportedly Eyes Four New Vehicle Launches in 2026, Targeting Premium SUV Market

Xiaomi is preparing to expand its automotive lineup significantly in 2026 with as many as four new models, including an extended-range SUV aimed at competing directly with Huawei's premium Aito M9, according to unconfirmed reports circulating in Chinese media. The move, if realized, would mark the company&

J&T Express Faces Reality Check as Global Expansion Hits Crossroads

J&T Express's dominance in Southeast Asia and rapid growth in Latin America have fueled ambitious plans to enter the US market in 2026, but the logistics giant faces mounting challenges as it confronts entrenched competitors, soaring costs, and a rapidly narrowing window of opportunity in one

CATL Extends Market Dominance as February Production Defies Seasonal Headwinds

Contemporary Amperex Technology (CATL) continues to tighten its grip on the global battery market, posting robust market share gains in December while maintaining surprisingly resilient production plans for February 2026 despite the Chinese New Year disruption, according to a BofA Securities research note published February 3rd. The Ningde-based battery

Google's Project Genie Sparks Selloff in US Gaming Stocks, But Citi Says Impact on Tencent Holdings Limited

Citigroup Global Markets issued a research note on February 1, 2026, addressing mounting investor concerns about whether Google's newly released Project Genie—an AI-powered world-generating platform—poses a competitive threat to Chinese gaming giants. The flash report, authored by analyst Alicia Yap, argues that fears of

BYD Backs A Mining Automation Startup in Hong Kong IPO Push

Shanghai Bole Intelligent Technology, a Chinese autonomous mining truck developer, has filed for an initial public offering in Hong Kong, capping a record fundraising year that saw the niche sector attract over RMB 2.9 billion (US$400 million) in capital. The move comes after BYD Co. made a rare