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NetEase Gaming Surges, but RMB 2.95B Investment Loss Hits Q2 Earnings

NetEase delivered a split-verdict second quarter for 2026: its gaming engine fired above expectations while a RMB 2.95 billion (US$409.7 million) investment loss and a sharply higher tax rate gutted bottom-line earnings, sending the stock more than 6% lower in pre-market U.S. trading.

Alibaba and Tencent Pour RMB 120B in a Single Quarter Into AI as China's Infrastructure Race Escalates

Combined capital expenditure of China's two largest internet groups surpasses RMB 120 billion (US$16.7 billion) in a single quarter, with free cash flow turning deeply negative — signaling a structural shift in how Big Tech allocates capital and rewards shareholders. The numbers from China's latest

Alibaba Trades Profit for AI Dominance as Cloud Growth Hits 22-Quarter High

Alibaba Group posted fiscal first-quarter revenue that narrowly topped estimates, but the headline beat obscures a deliberate and accelerating pivot: the Chinese e-commerce and cloud giant is systematically sacrificing near-term profitability to cement a full-stack AI infrastructure lead. Revenue for the three months ended June 30,

ChinaBiz Briefing | Tencent's AI Bet, Tesla's Doubao Switch, Unitree IPO Whiplash, RISC-V Milestones

China's technology sector delivered a dense set of signals on August 20 that collectively point to one underlying theme: the race to convert AI capability into durable commercial infrastructure is accelerating — and the costs of falling behind are becoming quantifiable. Tencent spent RMB 52.8 billion in a

Hesai Sacrifices Pricing Power to Defend Market Share as Lidar ASP Breaches RMB 1,300 Floor

China's dominant lidar maker is winning the volume war but bleeding on price — and the margin of safety is narrowing faster than investors expected. Hesai Technology reported Q2 2026 revenue of RMB 860 million (US$119.4 million), up 22% year-on-year and landing at the lower

Chinese Automakers Capture 8.9% of Europe — But Can They Make Money?

Chinese automakers now hold nearly 9% of the European market. The harder question is whether any of them are profitable. What Is Happening? In the first half of 2026, five Chinese automakers — BYD, SAIC, Chery, Geely, and Leapmotor — sold a combined 643,000 vehicles across the EU, EFTA member states,

Tencent's AI Pivot: What the "Midway Moment" Thesis Really Means

Why a surge in capital spending—not a product launch—may signal the most consequential shift in China's AI race What Is the "Midway Moment" Thesis? In mid-2026, Bank of America Merrill Lynch described Tencent's accelerating AI investment as its "Battle of

Tesla Turns to ByteDance's Doubao as China Forces an AI Localization Pivot

Regulatory walls and a shrinking 4.9% market share forced Tesla to do what Elon Musk swore he never would: install a rival's large language model into his cars. Volcano Engine, the cloud and AI infrastructure arm of ByteDance, confirmed on August 19, 2026, that Tesla China'

Kling AI Revenue Surges 200% as Kuaishou Pays the Price for AI Leadership

Kling AI's Q2 revenue surged more than 200% year-on-year to exceed RMB 850 million (US$118 million), validating Kuaishou's high-stakes bet on generative video — but a 36% collapse in net profit signals the platform is paying a steep price to hold its position

Unitree Sets an 80% Benchmark for Humanoid Robots as IPO Valuation Faces Reality Check

Wang Xinxing's first public address since listing defines the precise inflection point for general-purpose humanoid robots, even as markets deliver a sobering reality check on Day 2 of trading. Unitree Robotics, China's newly listed "first humanoid robot stock" on the STAR Market, saw