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NIO Posts First-Ever Quarterly Profit, Issues Blowout Q1 Guidance

NIO Inc. has reached a defining financial milestone, reporting its first quarterly operating and net profit since the company's founding, as surging deliveries and disciplined cost cuts transformed the electric vehicle maker's bottom line. The Chinese automaker posted fourth-quarter 2025 revenue of 34.65 billion

ChinaBiz Briefing: Tencent’s AI Pivot, Alibaba’s Chip Push, and CATL’s Record Quarter

The Big Picture: China’s tech giants are moving from "building models" to "building infrastructure." Tencent is leading a crucial shift toward consumer-grade AI products, trying to capture the user interface layer before its rivals. Meanwhile, the hardware backbone is hardening: Alibaba Cloud is deploying

Chinese EV Makers Dethrone Japanese Brands in Southeast Asia’s Auto Market

Chinese automakers have ended Japanese carmakers’ six-decade dominance in Southeast Asia, seizing the top market share in Thailand— the region’s auto hub—for the first time in January 2026, driven by electric vehicle (EV) strength, competitive pricing and smart technology. The milestone upends a market long ruled by

Alibaba Cloud Accelerates RMB 40 Billion Shanghai Computing Center with Xuanwu Chips

On March 9, 2026, the Jinshan District Government of Shanghai and Alibaba Cloud formally signed a strategic cooperation agreement to accelerate construction of the Alibaba Feitian Cloud Intelligence East China Computing Center (hereinafter referred to as "Alibaba Cloud Jinshan Computing Center"), which will create an ultra-large-scale

China's Manufacturing Machine Sets Its Sights on the Global Yacht Industry

China's industrial juggernaut, which has already disrupted consumer electronics, smartphones and electric vehicles, is now targeting one of the last remaining high-end sectors it has yet to conquer: the global yacht market. The entry of e-commerce billionaire Richard Liu Qiangdong into the space underscores a broader

Magic Atom Raises Billions to Accelerate Embodied AI Breakthroughs

Magic Atom , one of China's leading embodied AI companies, is pushing aggressively into the next phase of industrial deployment, combining a fresh financing round with the launch of a large-scale ecosystem fund to build out what it describes as a full-stack intelligent robotics platform. The company

Lingchu Intelligence Raises Over 2 Billion Yuan to Solve Embodied AI's Data Bottleneck

In a significant development for China's embodied AI sector, Lingchu Intelligence has disclosed its financing progress for the first time: the company has completed Angel and Pre-A rounds, raising a cumulative total of 2 billion yuan ($275 million). The funding comes from a prestigious lineup including state-

Tencent Finds Its "ChatGPT Moment" With Product-Driven AI Strategy

Tencent Holdings has engineered a breakthrough in artificial intelligence adoption, shifting the industry focus from raw model power to user-friendly productization. By dramatically lowering the barrier to entry for complex AI tools, the tech giant has triggered a wave of enthusiasm reminiscent of the early smartphone era, capturing both

China’s Lithium Industry Faces Divergent Fortunes Amid Middle East Crisis

China’s lithium-battery supply chain is being reshaped by the Middle East crisis, splitting the sector between companies buoyed by a fresh surge in energy-storage demand and those exposed to higher costs and delivery risks as key shipping routes seize up. The rupture began after US and Israeli

Xpeng AeroHT eVTOL Completes Batch Trial Production and Test Flights

Xpeng AeroHT said it has completed the pilot-production rollout of five units of its “Land Aircraft Carrier” eVTOL on the same day and carried out multi-aircraft test flights at its flying-car mass production facility in Huangpu district, Guangzhou, according to a company update released with images dated