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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 Flash Model Race: Why Efficiency, Not Scale, Now Defines AI Competition

The battle among China's top AI labs has shifted from "who has the biggest model" to "who can do the most with the least." Here's why that matters — and what it means for the industry's future. What Is a "

Luckin Overtakes Mixue in Market Value as H1 Earnings Reveal a Growing Divide

For the first time in their parallel histories as China's dominant beverage chains, Luckin Coffee has surpassed Mixue Group in market capitalization — a milestone that crystallizes a widening strategic and financial divergence exposed by their respective mid-year earnings. As of the close of Hong Kong trading on

Horizon Robotics Turns Price War Into Tailwind as H1 Revenue Climbs 33%, Adjusted Loss Widens

China's leading autonomous driving chip supplier Horizon Robotics (9660.HK) reported first-half 2026 revenue of RMB 2.055 billion (US$285.4 million), a 32.9% year-on-year increase, even as a deepening price war across China's passenger vehicle market accelerated customer consolidation — a

CXMT’s LPDDR6 Matches Samsung Speeds as Xiaomi Takes It Into Production

ChangXin Memory Technologies delivers a landmark first: a domestically produced LPDDR6 chip matching Samsung's peak transfer rate, entering mass production through an exclusive partnership with Xiaomi that signals a structural shift in China's semiconductor supply chain. The milestone was confirmed on August 29, 2026, when Xiaomi

Morgan Stanley Warns China’s Memory Expansion Could Trigger a 2028 Supply Glut

Morgan Stanley’s latest memory-industry research, released in late August 2026, puts a date on a risk the global semiconductor market has largely chosen to defer: 2028. For the next two years, the AI infrastructure boom may absorb a substantial wave of new Chinese memory output. But Morgan Stanley

CXMT Erases a Decade of Losses as Q2 Revenue Beats Estimates by 54%

Goldman Sachs raises 12-month target to RMB 129 — implying 120% upside — after the domestic memory maker posted Q2 revenue of RMB 99.5 billion (US$13.8 billion), beating consensus by 54% and erasing a decade of accumulated losses in a single half-year. Changxin Memory Technologies, China'

SHEIN Prices at 13x Earnings as Hong Kong Investors Bet on Its Platform Shift

HONG KONG — SHEIN, the Singapore-headquartered fast-fashion and supply-chain platform, launched its global offering on the Hong Kong Stock Exchange on Aug. 24, with institutional bookbuilding reaching full subscription within a compressed timeframe, according to people familiar with the matter — a signal that professional money is willing to

Bilibili Q2 2026: Profit Jumps 55% as Advertising Becomes Its Largest Business

Bilibili posted a 55% surge in net profit for the second quarter of 2026, as its advertising business overtook all other revenue segments to become the platform's primary growth driver — a structural shift that signals the Chinese video platform is moving decisively from a loss-narrowing story to

MiniMax Triples Alibaba Cloud Spending Cap to $1.2 Billion as AI Compute Demand Surges

MiniMax, the Chinese artificial intelligence startup, has sharply raised its cloud computing procurement ceiling with Alibaba Cloud, tripling the three-year spending cap to $1.2 billion (approximately RMB 80.66 billion yuan) from the original $375 million — a 220% increase — as surging demand for AI model training and inference

ChinaBiz Briefing | Alibaba's Qwen3.8-Flash, Zhipu’s Chip Bet, Li Auto’s Margin Crunch

China's AI sector is entering a new phase — one defined less by benchmark races and more by the harder questions of unit economics, infrastructure capital, and pricing power. Wednesday's news flow delivers a rare convergence: a DeepSeek financial disclosure that reframes the company as a capital