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Sheryl Zhu

Moonshot AI Files Confidentially for Hong Kong IPO at $50 Billion Valuation

Moonshot AI, the Beijing-based startup behind the Kimi large language model, has submitted a confidential A1 application to the Hong Kong Stock Exchange, formally launching an IPO process under the bourse's Chapter 18C specialist technology framework — a filing that crystallizes one of the most aggressive valuation re-

ByteDance’s Doubao Moves Into the Smartphone OS With Nubia’s AI Flagship

China's smartphone industry crossed a regulatory threshold on September 1, 2026, when the Nubia NaviX Ultra — co-developed by ZTE Corporation and ByteDance — received network-access approval from the Ministry of Industry and Information Technology (MIIT), clearing the final compliance hurdle before a commercial launch that Nubia President

Goldman Backs Alibaba’s AI Bet as Management Sees a Three-Year Payback

Alibaba has crossed a critical inflection point: its AI infrastructure bet is no longer just a cost story — Goldman Sachs says the payback clock is already ticking, with management penciling in a three-year return horizon. In a research note circulated September 1, 2026, following the Goldman Sachs Asia Leaders

China's Embodied AI IPO Wave: Real Technology, Unresolved Gaps

Why the listings of Unitree and AgiBot tell us more about capital cycles than commercial readiness What Is "Embodied AI" — and Why Is It Suddenly Everywhere? Embodied AI refers to artificial intelligence systems that interact with and operate within the physical world through a body — whether a humanoid

Huawei’s H1 Revenue Hits Record as R&D Push Drives Profit Down 37%

Huawei posted record first-half revenue of RMB 467.8 billion (US$64.97 billion) on August 31, but a 37% collapse in net profit reveals a deliberate strategic trade-off: the Chinese tech giant is systematically converting near-term earnings into technology sovereignty and supply chain resilience. The H1

China's Satellite Supply Chain: The Infrastructure Race Behind the New Space Economy

A structured explainer on China's LEO constellation buildout, how the supply chain works, and what it means for the global satellite industry. What Is This About? A large-scale infrastructure race is unfolding in low Earth orbit (LEO). China is accelerating the deployment of thousands of communication satellites,

Citi: Nvidia’s H200 Sales Can’t Explain China’s AI Capex Surge

Citi Research published a flash note on August 27, 2026, dissecting Nvidia Corp's (NVDA) disclosure during its fiscal second-quarter earnings call that it had sold a small number of H200 chips to Chinese customers. The report, authored by analysts Alicia Yap, Nelson Cheung, and Vicky Wei, cuts

JPMorgan Says Alibaba’s $19B Selloff Overstates the Cost of Its $10B Share Sale

J.P. Morgan calculates that less than $1 billion of Alibaba's post-placement market cap destruction is mathematically attributable to the deal itself — leaving roughly $18 billion in losses it attributes to irrational repricing of the company's broader capex ambitions. Alibaba Group completed a 710-million-

MiniMax’s ARR Tops $800M, but Margin Squeeze Tests Its AI Growth Model

China's independent AI model maker MiniMax delivered first-half 2026 revenue that surpassed the most optimistic sell-side projections, yet a cratering gross margin and a valuation that has shed nearly 75% from its peak reveal a company caught between an aggressive pivot to enterprise services and a

Leapmotor vs. Xpeng: Two Roads to Profitability in China's EV Industry

Both companies posted roughly ¥35 billion in first-half revenue. One turned a profit. The other spent twice as much on R&D. Here's why that gap tells a larger story about how China's EV shakeout is unfolding. What Is This About? China's