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CBI

Leapmotor Crosses Profitability Threshold, Targets 1 Million Annual Sales in 2026

Leapmotor Technology achieved a critical profitability milestone in the third quarter of 2025, posting its second consecutive quarterly profit as deliveries surged past 170,000 units. The Chinese electric vehicle maker now aims to sell 1 million vehicles and generate RMB 5 billion ($690 million) in net profit by 2026,

Deepway Eyes IPO as Hefei Bets on Commercial Vehicle Unicorn

Deepway, a new-energy heavy truck and smart logistics solutions provider backed by Baidu Inc. and Hefei state capital, is preparing for an initial public offering five years after its founding, according to recent regulatory filings. The company, headquartered in China's "savviest venture capital city" Hefei,

Citi Doubles Down On Pop Mart, Calling Growth Fears "Overdone" As LABUBU Goes Hollywood

In a detailed note released on November 16, 2025, following its China Conference, Citigroup has forcefully reiterated its "Buy" rating on Pop Mart, labeling the company a "scarcity growth play" in the Chinese consumer space. The report comes as investors grapple with concerns over slowing growth

China's 'Dark Factories' Are Building An Unstoppable Robot Army

While Western headlines in 2025 remain fixated on the latest Chinese electric vehicle or smartphone, a far more profound industrial transformation is accelerating under the surface, largely unnoticed. A new report from HSBC, published on November 14, 2025, titled "Robots, robots everywhere," pulls back the curtain on this

UBS Warns of China Auto Slowdown as Tax Breaks and Subsidies Set to Expire

UBS Global Research dropped a sobering forecast for China's automotive sector this week, projecting passenger vehicle wholesale growth will decelerate sharply from 11% in 2025 to just 3% in 2026 as the government's stimulus chickens come home to roost. The culprit? A scheduled 5% purchase tax

Ant Group Launches Lingguang, an AI Assistant with Native App Generation Capabilities

Ant Group, the fintech affiliate of Alibaba Group, has officially entered the competitive AI assistant market with the launch of Lingguang, a sophisticated conversational AI product that integrates deep design aesthetics with practical application generation capabilities. The launch positions Ant Group alongside major Chinese tech companies racing to establish AI-

WeRide's Robotaxi Exonerated in First International Collision in Abu Dhabi

A Robotaxi operated by Chinese autonomous driving firm WeRide was involved in its first-ever collision outside of China, an incident in Abu Dhabi where the autonomous system was cleared of all fault. The event, which placed blame entirely on a human driver, serves as a crucial real-world test

Figure Founder Publicly Questions Ubtech's Robot Production Video, Sparking Industry Debate

A public dispute over production capabilities has emerged in the humanoid robotics sector, highlighting mounting pressures as companies race toward mass manufacturing. Brett Adcock, founder of Figure AI, openly challenged the authenticity of production footage from Ubtech Technology, claiming computer-generated effects were used, before the Chinese robotics firm released

Xpeng Motors Reports First Quarter with Revenue Exceeding RMB 20 Billion as Recovery Takes Shape

Xpeng Motors posted quarterly revenue surpassing RMB 20 billion (US$2.8 billion) for the first time in its third-quarter results, signaling a potential turnaround for the Chinese electric vehicle maker as it narrows losses and expands delivery volumes. The company's revenue reached RMB 20.38 billion

Goldman Sachs Bullish on Tencent's AI-Driven Beat, But All Eyes on Capex Trajectory

Goldman Sachs analysts led by Ronald Keung issued an upbeat note on Tencent following the Chinese internet giant's third-quarter 2025 results, predicting investors will respond positively to what the bank characterized as a "solid beat" driven by artificial intelligence-enhanced revenue growth. The report, published