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Yiyun Cai

DeepSeek Closes In on $13.9B Mega-Round, Doubling Down on Huawei Chips in Race to IPO

China's most closely watched AI startup is set to lock in its second massive fundraise of 2026, with Tencent and CATL leading a round that has ballooned well past its original target — and a domestic-chip infrastructure bet that could redefine the country's AI compute playbook.

Understanding Huawei's AI Infrastructure Play and the New Era of AI Competition

The next phase of artificial intelligence competition may be decided less by the performance of a single chip than by how efficiently chips, networks, software, power and developers can work together. Artificial intelligence is often discussed as a race to build stronger models or faster AI chips. But as training

Huawei-Backed Zunjie V800 Brake Failures Spark Safety Row

Three consecutive test failures on a vehicle endorsed by Huawei's Richard Yu expose a structural design question that RMB 760,000-plus buyers and regulators cannot easily dismiss. The brake pedal bracket of the ZunjieV800 — a super-luxury MPV jointly developed by Huawei and JAC Motors — fractured in

ChinaBiz Briefing | Huawei's AI Architecture Bet, CATL's Valuation Reset, XPeng's Robotaxi Launch, Manus's $500M Comeback

China's technology and capital markets delivered a dense slate of structural signals this week: Huawei staked a systems-level claim to AI infrastructure leadership; J.P. Morgan made its most forceful case yet that CATL's selloff is a mispricing, not a verdict; XPeng crossed the threshold

Manus Parent Butterfly Effect Raises $500M+, in China’s Largest AI App Deal

Backed by Boyu Capital and IDG, the autonomous agent startup reclaims independence from Meta and bets on a domestic product launch to challenge Tencent, Alibaba, and ByteDance on their home turf. Butterfly Effect, the parent company of AI agent platform Manus, has closed a funding round exceeding $500 million, the

Huawei-Qualcomm Patent Pact Signals China's Rising Royalty Power

A landmark cross-licensing agreement between Huawei and Qualcomm Incorporated redraws the boundaries of global intellectual property competition, pushing Huawei's cumulative patent licensing revenue toward a projected $6.9 billion threshold while handing Qualcomm a targeted shortcut into AI and computing patent territory. The deal, announced October 5

XPENG Launches YOYO Robotaxi Brand in China’s Shift to Commercial Autonomy

XPeng has formally branded its robotaxi service "XPENG YOYO"and simultaneously launched a public-facing WeChat mini-program, marking the company's pivot from closed-loop R&D validation to open commercial operations — a threshold few Chinese L4 autonomous driving ventures have crossed at this speed.

J.P. Morgan Calls CATL September Selloff Overdone as Market Share Data Contradicts "De-CATL-ization" Narrative

A 19% share-price collapse in one month has handed investors what J.P. Morgan argues is a structurally mispriced entry point into the world's dominant EV battery maker — one whose China passenger-EV market share actually rose during the same period the market was pricing in its

Huawei Rewrites AI Interconnect Rules With Peerium Architecture and UnifiedBus, Claiming China Market Lead Over Nvidia

Huawei Technologies has unveiled a system-level computing architecture it believes renders single-chip benchmarking obsolete, staking a claim to global leadership in large-scale AI interconnect at a moment when the race to train 40-trillion-parameter models is redefining what infrastructure actually means. At Huawei Connect 2026 in

Volkswagen, Gotion High-Tech Commit €3.2 Billion to Build Europe's Next Battery Backbone

Volkswagen AG's battery arm PowerCo and Chinese cell maker Gotion High-Tech are committing €3.22 billion (approximately RMB 24.52 billion, or US$3.40 billion) to construct three joint-venture facilities across Spain, Slovakia and Morocco — a deal that simultaneously advances Volkswagen's 240GWh European