Sign in Subscribe

Yiyun Cai

CapCut Embeds Video Editing Inside ChatGPT, Targeting the Workflow Before the Timeline

ByteDance's global creative tool moves to capture user intent at the source, not just at the export stage CapCut, ByteDance's internationally deployed video editing platform, announced at its CapCut World LA event on Oct. 24 at the Audrey Irmas Pavilion in Los Angeles that its AI-

ChinaBiz Briefing | Battery Swaps Go Multi-Brand, AI Hardware Arms Race, Li Auto Rewrites Supplier Rules, DeepSeek's $13.9B Gamble

China's technology and industrial sectors delivered a week of structural inflection points — not incremental moves. Battery swapping crossed from niche experiment to shared infrastructure play. AI developers abandoned pure software strategies for hardware lock-in. An EV maker rewrote the OEM-supplier contract without building a single factory.

JP Morgan Lifts Unitree to Overweight, Eyes 173% Revenue Surge as Physical AI Timeline Collapses

Target price jumps 232% to RMB 995, as Wall Street's most prominent China robotics bull bet hinges on a founder's compressed breakthrough forecast shifting the industry's S-curve forward by years. JP Morgan Chase has executed one of its sharpest single-note rating reversals

Billion-Dollar AI Bets, Zero Economic Return: The Paradox Defining 2026's Tech Cycle

China's AI sector is staging its most audacious capital offensive yet — while simultaneously producing the most damning evidence that the money isn't working. DeepSeek has closed what sources confirm is the largest single-round AI fundraise in Chinese history, pulling in nearly RMB 100 billion (US$

China's Short-Drama Empires Are Bleeding Cash Overseas Despite Dominating Downloads

All ten top-grossing short-drama apps globally carry Chinese DNA—yet the two largest players posted combined losses or razor-thin margins in 2025, exposing a profitability crisis hidden beneath dazzling growth metrics. ByteDance's PineDrama crossed 100 million cumulative downloads in under a year, while the pending

Li Auto Rewrites Battery Supply Chain Rules, Stopping Short of Making Cells

Li Auto used its October 25 Power Day event to seize control of cell design, process data and warranty liability from battery suppliers—a structural shift that Jefferies analysts say positions the automaker as the most replicable upstream integration model among Chinese EV peers, even as near-term costs weigh

Kimi K3.1 Pro Costs 16 Times as Much as Rivals, as Moonshot AI Bets on Premium Models

Moonshot AI, the Chinese startup behind Kimi, faces an increasingly urgent strategic dilemma: Can it accelerate monetization ahead of a potential IPO without sacrificing its pursuit of frontier AI capabilities? On Oct. 24, Moonshot AI officially launched Kimi K3.1 Pro, an upgraded flagship model designed to deliver higher-end

China's AI Giants Bet on Hardware to Solve a Retention Crisis

China's leading large language model developers are abandoning their software-first playbooks, racing into consumer hardware in a high-stakes bid to solve a retention crisis that threatens to undermine the country's AI monetization story. On October 13, 2026, Stepstar and Alibaba's Qwen simultaneously

China's Battery-Swap Race Heats Up as Geely, Huawei and CATL Validate NIO's Decade-Long Bet

China's battery-swap sector — long dismissed as a capital-heavy oddity championed almost exclusively by NIO — is abruptly turning into a multi-player strategic battleground, as Geely, Huawei and CATL converge on the space within a single month, validating a model that has consumed more than RMB 20

Chinese ATV Makers Accelerate Global Market Grab as Polaris Loses Ground

CFMOTO, Taotao Power Up Overseas Revenue as China's All-Terrain Vehicle Exports Hit $1.39 Billion China's off-road vehicle manufacturers are rewriting the competitive hierarchy of the global all-terrain vehicle industry, with domestic leaders capturing market share at a pace that has eroded the