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Dora Zhang

Editor covering China's business and technology, focused on AI, electric vehicles, autonomous driving, and robotics, tracking industry developments, innovation, and market dynamics.

China's AI Model Stocks Diverge Sharply as Lock-Up Expiries Force a Reckoning

Zhipu surges 13% while MiniMax crashes 18% on consecutive unlock days, exposing a fundamental split between B2B API models and consumer multimodal plays — and raising urgent questions about which monetization path survives the next phase of the sector's maturation. The two-day window spanning July 8–9, 2026

ChinaBiz Briefing | Chinese Cars Pass Japan in Europe, DeepSeek Chips, Momenta IPO, Xiaomi SkyNomad

China's technology and industrial ambitions converged in a single trading day on July 8, 2026. From European roads to Hong Kong's stock exchange to China's semiconductor labs, the day's headlines trace a consistent arc: Chinese companies are no longer competing at the

SiliconFlow Bets on HKEx Listing to Fund China's AI Token Infrastructure Race

China's first dedicated AI token supply platform is heading to public markets, forcing investors to weigh a 653% revenue surge against a gross margin that has turned deeply negative — a tension that defines the entire AI infrastructure buildout cycle. Beijing SiliconFlow Technolog filed a listing application with the

Momenta Debuts as World's First "Physical AI" Pure-Play, Commanding HK$70B Valuation

Momenta — the Suzhou-headquartered autonomous driving and physical AI platform — began trading on the Hong Kong Stock Exchange on July 8, 2026, priced at HK$295.60 per share and opening to a market capitalization exceeding HK$70 billion (approximately US$9.7 billion). The listing, the largest among five

UBTECH's 13,000-Unit Pre-Order Surge Exposes a Deeper Delivery and Cash-Flow Crisis

A RMB 40 million (US$5.6 million) deposit pool, a two-year production backlog, and a stock that swung 70% in six months: UBTECH Robotics (9880.HK) is simultaneously running two high-stakes experiments—and capital markets are not yet convinced it can win either. The Hong Kong-listed

Unitree Clears China's Fastest STAR Market Review, Eyes RMB 4.2 Billion War Chest

The only pure-play humanoid robot manufacturer on China's A-share market is now fully registered for a STAR Market IPO — but the harder question is whether RMB 4.2 billion (US$583 million) is enough to hold off Tesla, NVIDIA-backed rivals, and a domestic field of

Xiaomi Launches SkyNomad Sub-Brand, Targeting Premium Family SUVs at Up to RMB 450,000

Xiaomi's automotive unit has officially unveiled a new brand called SkyNomad — known in as 澎程 (Péng Chéng) — marking the company's first move beyond its core EV lineup into a distinct sub-brand identity targeting the family outdoor travel segment. The announcement, made on July 8, positions

Chinese Automakers Overtake Japan in Europe for First Time as Five Brands Post 64.5% Sales Surge

Five Chinese automakers collectively outsold their six Japanese rivals in the European market for the first time on record in May 2026, according to data released by the European Automobile Manufacturers' Association (ACEA), marking a structural inflection point in the continent's automotive competitive order. The five Chinese

DeepSeek Designs AI Inference Chip to Cut Nvidia, Huawei Reliance

DeepSeek, the Hangzhou-based AI lab whose cost-efficient large language models rattled global semiconductor markets earlier this year, is developing a proprietary AI inference chip in a direct bid to reduce structural dependence on both Nvidia and Huawei Technologies, according to three people with knowledge of the matter cited

J.P. Morgan Splits China AI, Upgrades Zhipu AI to HK$2,000 on Open-Weight Monetization

In a July 7, 2026 research note on China's artificial intelligence sector, J.P. Morgan analysts laid out a framework that cuts to the heart of one of the industry's most debated questions: does releasing open-weight models cannibalize revenue, or does it create a wider