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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.

ChinaBiz Briefing | EV Margin Crunch, CXMT Snubs Apple, Momenta's $9B IPO

China's technology and industrial sectors are undergoing simultaneous inflection points on July 7, 2026. EV startups are discovering that volume without profitability is a liability, not an asset. A domestic chipmaker is rewriting the rules of supplier-customer power. An autonomous driving software company is making the case

Pop Mart's Labubu Hangover Exposes a Single-IP Risk

The world's most-hyped collectible toy is losing its pricing power, and the company built around it is running out of time to prove it was never just a one-trick pony. Pop Mart, the Beijing-based designer toy platform listed in Hong Kong, is confronting the steepest

Great Wall Motor's Domestic Sales Hollowed Out as EV Upstarts Seize Home Turf

Overseas shipments now outnumber domestic deliveries, exposing a structural fault line that 36 years of manufacturing heritage cannot paper over. Great Wall Motor sold 108,100 vehicles globally in June 2026—a headline figure that flatters a deeply uncomfortable reality: strip out the 60,200 units shipped abroad, and the

CXMT Reorders DRAM Supply, Putting Xiaomi and Alibaba Ahead of Apple

China's sole advanced DRAM producer is deliberately deprioritizing Apple's supply requests, locking capacity into long-term agreements with domestic tech giants—a strategic reversal that exposes the fragility of Apple's China supply chain ambitions and signals a maturing of Chinese semiconductor suppliers. Apple'

Momenta’s $9B IPO Turns Autonomous Driving Into a Royalty Platform Story

China's autonomous driving software company Momenta is asking investors to price it like a platform landlord, not a technology contractor — and the market's early response suggests the argument is gaining traction. Momenta cleared its Hong Kong Stock Exchange listing hearing and formally launched its IPO at

China's Humanoid Robot IPO Wave Forces a Valuation Reckoning Across the Sector

As Unitree Robotics clears China’s top securities regulator for a STAR Market listing, three divergent financial profiles are emerging that will permanently reset how investors price the country’s RMB 100 billion-plus robotics boom. The China Securities Regulatory Commission (CSRC) has approved the IPO registration of Unitree Robotics,

China's EV Startups Post Stronger Sales but Every Major Player Misses Half-Year Target

Not one of China's leading electric vehicle startups has crossed the halfway mark on its 2026 annual delivery target — a collective shortfall that exposes the brutal arithmetic of a market shifting from growth to survival. The H1 2026 mid-term scorecard for China's new-energy vehicle

Even Realities Raises $150M Pre-B Round at $1.2B Valuation, Backed by Meituan and Tencent

Shenzhen-based smart glasses startup Even Realities has secured a US$150 million Pre-B funding round co-led by Meituan and Tencent, vaulting the three-year-old company into unicorn territory at a US$1.2 billion post-money valuation — a milestone that underscores how a camera-free, privacy-

China’s Robot Exports Hit RMB 19.99 Billion, Break Into Germany and Japan

Chinese robot exports reached 10.377 million units across more than 150 countries and regions in the first five months of 2026, with export value nearing RMB 20 billion — a structural shift that signals Beijing’s high-end manufacturing export push is gaining momentum. China’s General Administration of Customs

ChinaBiz Briefing | Huawei's Tao's Law V2, Tencent's AI Pivot, ByteDance’s AI Agent

China's technology and industrial sectors delivered a dense set of signals on July 6 that collectively point to a single underlying theme: the easy growth phase is over, and the competition is now being fought on infrastructure, compliance, and capital efficiency. From a landmark chip architecture paper to