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Yiyun Cai

Tencent's 8-Year Stock Cycle Exposes China's Internet Growth Trap

As Tencent Holdings slides back to 2018 price levels despite nearly tripling its profits, a fundamental re-rating of China's tech sector is underway — one that no amount of moat-building can easily reverse. Shares of Tencent Holdings breached the HK$400 threshold on thursday, extending year-to-

China's Motorcycle Industry Rides Back as a Global Challenger

A structural revival two decades in the making is now reshaping the USD 153 billion global motorcycle market, as Chinese manufacturers leverage racing dominance, export momentum, and large-displacement engineering to challenge Honda, Yamaha, and Ducati on their home turf. China's gasoline-powered motorcycle industry—long written off

Unitree Unveils H2-X Humanoid With 8-Hour Battery Life

Unitree Robotics has released a new humanoid robot called the H2-X "Kung Fu Legend Guardian," showcasing capabilities that challenge prevailing assumptions about the energy demands of high-performance humanoid machines. In a promotional video released on October 21, the H2-X demonstrated a range of physically demanding

ChinaBiz Briefing: CATL Defends, DeepSeek Disrupts, and China's Tech Giants Race to Own the Stack

China's most capital-intensive industries are undergoing simultaneous stress tests. CATL is fighting to hold investor confidence after its steepest share decline in months. Li Auto is converting four years of stealth chip R&D into a standalone unicorn. DeepSeek is redrawing the economics of AI inference.

Li Auto's Mach Cores Hits $2.3B Valuation as EV Makers Build Chips In-House

Li Auto has spun out its in-house artificial intelligence chip unit at a post-money valuation of RMB 16.63 billion (US$2.31 billion), transforming a four-year stealth R&D program into a standalone unicorn — and laying bare the accelerating race among Chinese electric vehicle makers

CATL Fires Back as Shares Plunge 10%: Demand "Not as Pessimistic," Cash Flow Drop Is Deliberate

Contemporary Amperex Technology mounted a point-by-point defense on October 21, 2026, after its shares suffered their steepest single-day drop in months, insisting that global battery demand remains underappreciated and that a sharp decline in operating cash flow reflects a strategic choice to shore up its supply chain

China's Battery-Swap Race Intensifies as Huawei-CATL Challenge NIO

A three-way partnership between Huawei's smart-driving unit, CATL's swap network, and its operating subsidiary threatens to commoditize the infrastructure moat that NIO spent nearly a decade building — but the dynamics are more nuanced than a simple zero-sum contest. The alliance, announced October 19,

J.P. Morgan's CIIF Tour Shows China's Humanoid Robots Are Still Building the Stack

J.P. Morgan's Asia Pacific equity research team published a note on October 21, 2026, following a two-day tour of the 2026 China International Industry Fair (CIIF) in Shanghai. The report, led by analyst Karen Li and her team, offers one of the most granular on-the-

ChinaBiz Briefing: MiniMax Challenges DeepSeek, Unitree Surges, China's AI Export Rules

China's technology and industrial sectors delivered a dense week of signals: a profit crisis masked by record auto export volumes, a new competitive duopoly in lightweight AI models, sweeping export controls on frontier AI software, a policy-driven robotics re-rating, a capital consolidation milestone in autonomous logistics,

Kling AI Gains Traction in Asian Film Production as Studios Test AI Workflows

China's Kling AI is gaining traction in professional filmmaking across Asia, with directors and production teams at the 2026 Busan International Film Festival's Asian Contents & Film Market (ACFM) citing the video-generation platform as a tool for feature films, animation and short-form drama. The