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Leo Pang

ChinaBiz Briefing | Unitree IPO, Cambricon Miss, Alibaba-Apple AI Deal, Chery Export Surge

China's technology and automotive sectors delivered a cluster of structurally significant signals on August 10 — from the world's first humanoid robot pure-play listing to a revenue miss at the country's leading AI chipmaker, an accidental confirmation of Alibaba's Apple Intelligence partnership,

ByteDance, MiniMax Unveil New Video Models as China Pushes AI Into Production

ByteDance and Shanghai-based MiniMax released new video-generation models on the same day, underscoring how the market for generative video is shifting from “eye-catching clips” to tools that can reliably produce, edit and ship commercial-ready content. The updates — ByteDance’s Seedance 2.5 and MiniMax’s open-

Chinese AI Labs Crack 3-Trillion Parameter Barrier Despite Compute Constraints

Chinese artificial intelligence developers are proving they can train frontier-class, three-trillion parameter AI models without access to Nvidia Corp.’s most advanced silicon, shifting the global AI race from hardware dominance to algorithmic efficiency. The July 2026 release of Moonshot AI’s 2.78-trillion parameter Kimi K3,

Tencent Survival Game Tops iOS Charts With 40 Million Users

Tencent Holdings aunched its highly anticipated survival open-world crafting (SOC) title Out of Control: Evolution on July 9, instantly capturing the top spot on Apple's iOS free app chart in China and signaling a successful expansion into niche hardcore gaming genres. Operating under an official gameplay license

Insta360 Strikes Back at DJI with Six Patent Counter-Lawsuits in China

In a sharp escalation of the consumer hardware turf war in 2026, Insta360 has launched six patent infringement countersuits against SZ DJI Technology across multiple Chinese jurisdictions, directly targeting its rival's flagship panoramic cameras and gimbal stabilization devices. The coordinated legal offensive marks a decisive turning point in

BYD Secures Poland's Largest Grid Storage Project

BYD is pivoting from a traditional hardware exporter to a strategic co-developer of European grid infrastructure, sealing a joint development agreement with Greenvolt Power to construct Poland's largest single battery energy storage facility. The Siedlce-based project, boasting a total planned capacity of 600MW/2.4GWh, marks

China's Automakers Pivot to Global Markets as Domestic EV Consolidation Accelerates

In a decisive mid-2026 pivot, China's leading electric vehicle manufacturers are increasingly relying on overseas markets to offset a contracting domestic auto sector. As 14 major automakers delivered over 6.6 million vehicles in the first half of the year, the monthly survival threshold for emerging EV

Kuaishou's Kling AI Secures $3B Mega-Round Ahead of Hong Kong IPO

Kuaishou is finalizing a RMB 20.7 billion (US$3.0 billion) funding round for its video generation unit Kling AI, securing strategic backing from Tencent in a deal that commands a RMB 124.2 billion (US$18.0 billion) post-money valuation ahead of a planned Hong Kong initial

Huawei Cloud Unveils ModelArts Next to Slash Enterprise AI Inference Costs

Huawei Cloud has intensified China's artificial intelligence efficiency race with the launch of ModelArts Next, a new-generation training and inference platform designed to cut enterprise AI deployment costs by an average of 20%. Unveiled at the INSPIRE Innovator Conference, the platform introduces dynamic Model-as-a-Service

China's Semiconductor Strategy Pivots as Xiaomi and NIO Drive Private Silicon Development

China’s semiconductor localization strategy has fundamentally decoupled from its traditional reliance on state-backed funding, with consumer electronics and electric vehicle manufacturers spearheading the development of advanced silicon in 2026. The structural transition is anchored by Xiaomi, which is advancing a 3-nanometer system-on-chip (SoC), and NIO,