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Sheryl Zhu

Pop Mart Revenue Rises 24% as Overseas Growth Reverses and Inventory Piles Up

Pop Mart International Group delivered RMB 17.17 billion (US$2.38 billion) in first-half 2026 revenue — a 23.8% year-on-year gain that flatters a far more troubled picture beneath: overseas sales contracted 10.7%, the Americas business lost nearly half its official-channel revenue, and CEO

Hesai Sacrifices Pricing Power to Defend Market Share as Lidar ASP Breaches RMB 1,300 Floor

China's dominant lidar maker is winning the volume war but bleeding on price — and the margin of safety is narrowing faster than investors expected. Hesai Technology reported Q2 2026 revenue of RMB 860 million (US$119.4 million), up 22% year-on-year and landing at the lower

Unitree Sets an 80% Benchmark for Humanoid Robots as IPO Valuation Faces Reality Check

Wang Xinxing's first public address since listing defines the precise inflection point for general-purpose humanoid robots, even as markets deliver a sobering reality check on Day 2 of trading. Unitree Robotics, China's newly listed "first humanoid robot stock" on the STAR Market, saw

Puya Semiconductor Profit Surges 1,930% as AI Memory Squeeze Reshapes Niche Storage

A structural supply shortage in niche memory chips, amplified by a transformative acquisition, has catapulted Puya Semiconductor into one of China's fastest-growing semiconductor stories of 2026. Puya Semiconductor (688766.SH) reported first-half 2026 revenue of RMB 3.959 billion (US$549.9 million), a 337% year-

LandSpace Achieves China's First Private Rocket Recovery, With Reflight the Next Test

0:00 /1:09 1× China's first successful land-based vertical rocket recovery by a private commercial launch vehicle marks a pivotal engineering inflection point — but the harder test of reflights and unit economics still lies ahead. LandSpace Technology achieved what Chinese commercial aerospace has been racing toward:

Two AI Deals Reveal a New Phase of U.S.-China Tech Relations

Two low-profile deals struck in the shadow of DeepSeek V4 Pro's launch are quietly redrawing the fault lines of the global AI industry — revealing that the most consequential shift in U.S.-China tech relations is no longer about competition or regulatory détente, but about cold commercial

ChinaBiz Briefing | Alibaba's 3B AI Downloads, Huawei's L3 Bet, Geely's Margin Play

China's technology and industrial sectors delivered a coordinated signal on August 17: the country's leading companies are no longer competing on cost alone — they are competing for structural position. From Alibaba's commanding grip on the global open-source AI ecosystem to Huawei's

Alibaba's Qwen Surpasses 3 Billion Downloads, Overtaking Meta and Google

Alibaba has seized the commanding position in the global open-source AI race, with its Qwen model family accumulating more than 3 billion downloads worldwide — a figure that dwarfs rivals Meta Platforms and Alphabet combined and signals a structural shift in who controls the foundational layer of the developer ecosystem.

China's Humanoid Robot Race: After Unitree's IPO, Who Defines the Next Valuation Benchmark?

What Is This About? On August 10, 2026, Unitree Robotics completed its IPO subscription on China's STAR Market at a listing valuation of approximately RMB 61 billion (roughly USD 8.4 billion). The subscription lottery hit a win rate of just 0.0181%—fewer than two winning tickets

DeepSeek Open-Sources Harness Agent Runtime, Targeting the AI Execution Layer

DeepSeek has launched DeepSeek Harness (DSH), a fully open-source Agent runtime framework released under the MIT license on August 13, 2026, marking the Hangzhou-based AI lab's first direct challenge to the execution-layer infrastructure that determines how AI models actually perform real-world tasks—not merely