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Alibaba Unveils Qwen3.5-Omni With 215 SOTA Wins, Disrupting Global Multimodal AI Race

Alibaba Cloud is widening its bet that the next AI battleground will be real-time, multimodal interaction—launching Qwen3.5-Omni as a model designed to “see,” “hear,” and act across text, images, audio and video rather than simply generate replies. The release sharpens the Qwen lineup’s positioning in

Leapmotor’s A10 Pulls 9,000 Weekend Orders, Testing China EV Demand in a 2026 Slump

Leapmotor is using a sub-RMB 90,000 (US$12,500) electric SUV to generate one of China’s first clear demand signals in 2026’s cooling auto market, as investors and rivals reassess how far “smart driving” can be pushed down the price curve without destroying margins. The company

Pop Mart Teases Labubu Mini Fridge as It Pushes Into Home Appliances

Pop Mart International Group has previewed a Labubu-branded mini refrigerator on its official account on Xiaohongshu, ahead of a broader home-appliance rollout the company said will begin in April. The company disclosed limited details, posting a single image of a white mini fridge printed with a black Labubu

China’s Changying-8 Makes First Flight, Signaling Push Toward Heavy-Lift Cargo Drones

Changying-8 (NORINCO LUCA), a large unmanned cargo aircraft dubbed an “unmanned aerial heavy truck,” completed its maiden flight on March 31 at Zhengzhou Shangjie Airport in Henan province, according to CCTV News. The test marked what the broadcaster described as the world’s largest cargo drone to achieve a

China Reportedly Sets 80% Chip Self-Sufficiency Goal by 2030, Prioritising Domestic 7nm Tools and Stable 14nm Output

China is accelerating efforts to localise its semiconductor supply chain, with industry leaders said to be targeting 80% chip self-sufficiency by 2030 and pushing to validate fully domestically developed equipment for advanced manufacturing nodes, amid continued US export controls. According to Nikkei’s report published on March 31, 2026,

Pop Mart Is Being Valued Like Its Overseas Story Is Over—Morgan Stanley Disagrees

Morgan Stanley Asia on March 30, 2026 published a “Tactical Idea” note on Pop Mart International Group arguing the stock is now priced for an “overseas stumble” and a 2026 growth reset—yet the bank’s sum-of-the-parts (SoTP) work suggests bearish sentiment has moved faster than fundamentals.

Citi Slaps a “Sell” on BYD Electronic: 2026 Is the “Transition Year” Nobody Wants to Pay For

Citi Research, in a March 30, 2026 note following BYD Electronic’s results briefing the same day, delivered a blunt message: 2026 will look like a holding pattern—while the stock may not. The bank cut its target price to HK22.6 from HK43.4 and downgraded the name to

ChinaBiz Briefing: BYD Pivots Abroad, DJI Strikes First, Rokid Rushes to IPO

China's tech and manufacturing leaders are navigating a treacherous domestic market defined by intense competition and shrinking margins. Today's key moves in electric vehicles, consumer gadgets, and augmented reality reveal a clear trend: a strategic pivot toward higher-value products and overseas markets is no longer

DJI Intensifies Prosumer Camera War with Pocket 4 Launch, Targeting Insta360

DJI is poised to escalate its rivalry with Arashi Vision’s Insta360, as leaks confirm the imminent launch of its Osmo Pocket 4 camera with significant hardware upgrades designed to cement its dominance in the lucrative vlogging market. The new handheld gimbal camera, slated for an April 9 debut in

China Smartphone Slump Deepens as Rising Costs Squeeze Makers

China’s smartphone market contracted sharply in February, with rising memory costs and sluggish consumer demand signaling a deepening slowdown for the world’s largest mobile battleground even as top players pivot to higher-specification devices. Shipments in China plunged 13% year-over-year to 16 million units, according to