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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.

Alibaba's Qwen3.8-Flash Rewrites the AI Cost Curve, Previews Qwen4 Architecture

Alibaba Group on Aug. 26 released Qwen3.8-Flash, a multimodal mixture-of-experts model that activates only 6 billion of its 125 billion parameters per token—delivering frontier-level performance at a price point that undercuts every major competitor and, crucially, doubles as the architectural blueprint for the forthcoming

ChinaBiz Briefing | Enflame IPO, Unitree Crash, Great Wall's Pivot, Sugon's AI Bet

China's technology and capital markets delivered five interlocking signals on August 26 that collectively define the current moment: domestic AI chip infrastructure is reaching public markets at scale, humanoid robotics is confronting a valuation reckoning, and China's internet giants are liquidating non-core assets to fund

Enflame’s IPO Completes China’s GPU Big Four as Valuation Test Begins

China's domestic AI chip race enters a new capital chapter as Enflame Technology, the last of the country's four leading homegrown GPU developers to reach public markets, opens its Shanghai STAR Market subscription on September 2, making it the first IPO accepted on China's

Wall Street Stays Bullish on PDD as Temu’s Europe Model Resets

Wall Street's verdict on PDD Holdings' second-quarter results is unambiguous: absorb the near-term pain, because the valuation already prices it in. The Chinese e-commerce operator reported Q2 2026 net profit attributable to ordinary shareholders of RMB 27.2 billion (US$3.78 billion), down

ByteDance Launches Doubao Work, Triggering Systemic Battle for China's AI Office Market

ByteDance formally launched Doubao Work on August 25, 2026, completing a two-month restructuring sprint that folded four previously independent product lines into a single AI productivity brand — and directly escalating a four-way war with Tencent, Alibaba, and Baidu for dominance over China's enterprise AI workflow market.

Xiaomi’s Three-Chip Xring Push Takes on Qualcomm and AI Accelerators

Xiaomi Group has unveiled a three-pronged in-house chip portfolio — spanning flagship mobile, large-model AI acceleration, and autonomous driving — a strategic escalation that signals the company's ambition to reduce dependence on Qualcomm and MediaTek across every hardware segment it competes in. The disclosures, made at a

China’s AI Spending Race: How Big Tech Is Turning Capex Into New Revenue

A structural guide to understanding how Alibaba, Tencent, Baidu, JD.com, and Kuaishou are deploying capital in the AI era What Is This About? In mid-2026, five of China's largest internet companies — Alibaba, Tencent, Baidu, JD.com, and Kuaishou — reported earnings covering the same three-month window:

Alibaba and Tencent Pour RMB 120B in a Single Quarter Into AI as China's Infrastructure Race Escalates

Combined capital expenditure of China's two largest internet groups surpasses RMB 120 billion (US$16.7 billion) in a single quarter, with free cash flow turning deeply negative — signaling a structural shift in how Big Tech allocates capital and rewards shareholders. The numbers from China's latest

Tencent's AI Pivot: What the "Midway Moment" Thesis Really Means

Why a surge in capital spending—not a product launch—may signal the most consequential shift in China's AI race What Is the "Midway Moment" Thesis? In mid-2026, Bank of America Merrill Lynch described Tencent's accelerating AI investment as its "Battle of

Momenta Clears Europe's Safety Bar With XHEART-QNX Stack — Now It Needs Orders

A tripartite alliance combining Chinese AI algorithms, a domestically designed automotive SoC and BlackBerry's safety OS has cleared the industry's highest functional safety bar — but the harder work of winning overseas orders is only beginning. The partnership, announced August 19, 2026, brings together Momenta, the Beijing-