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Xiaomi Launches SkyNomad Sub-Brand, Targeting Premium Family SUVs at Up to RMB 450,000

Xiaomi's automotive unit has officially unveiled a new brand called SkyNomad — known in as 澎程 (Péng Chéng) — marking the company's first move beyond its core EV lineup into a distinct sub-brand identity targeting the family outdoor travel segment. The announcement, made on July 8, positions

Chinese Automakers Overtake Japan in Europe for First Time as Five Brands Post 64.5% Sales Surge

Five Chinese automakers collectively outsold their six Japanese rivals in the European market for the first time on record in May 2026, according to data released by the European Automobile Manufacturers' Association (ACEA), marking a structural inflection point in the continent's automotive competitive order. The five Chinese

DeepSeek Designs AI Inference Chip to Cut Nvidia, Huawei Reliance

DeepSeek, the Hangzhou-based AI lab whose cost-efficient large language models rattled global semiconductor markets earlier this year, is developing a proprietary AI inference chip in a direct bid to reduce structural dependence on both Nvidia and Huawei Technologies, according to three people with knowledge of the matter cited

J.P. Morgan Splits China AI, Upgrades Zhipu AI to HK$2,000 on Open-Weight Monetization

In a July 7, 2026 research note on China's artificial intelligence sector, J.P. Morgan analysts laid out a framework that cuts to the heart of one of the industry's most debated questions: does releasing open-weight models cannibalize revenue, or does it create a wider

ChinaBiz Briefing | EV Margin Crunch, CXMT Snubs Apple, Momenta's $9B IPO

China's technology and industrial sectors are undergoing simultaneous inflection points on July 7, 2026. EV startups are discovering that volume without profitability is a liability, not an asset. A domestic chipmaker is rewriting the rules of supplier-customer power. An autonomous driving software company is making the case

Pop Mart's Labubu Hangover Exposes a Single-IP Risk

The world's most-hyped collectible toy is losing its pricing power, and the company built around it is running out of time to prove it was never just a one-trick pony. Pop Mart, the Beijing-based designer toy platform listed in Hong Kong, is confronting the steepest

Great Wall Motor's Domestic Sales Hollowed Out as EV Upstarts Seize Home Turf

Overseas shipments now outnumber domestic deliveries, exposing a structural fault line that 36 years of manufacturing heritage cannot paper over. Great Wall Motor sold 108,100 vehicles globally in June 2026—a headline figure that flatters a deeply uncomfortable reality: strip out the 60,200 units shipped abroad, and the

CXMT Reorders DRAM Supply, Putting Xiaomi and Alibaba Ahead of Apple

China's sole advanced DRAM producer is deliberately deprioritizing Apple's supply requests, locking capacity into long-term agreements with domestic tech giants—a strategic reversal that exposes the fragility of Apple's China supply chain ambitions and signals a maturing of Chinese semiconductor suppliers. Apple'

Momenta’s $9B IPO Turns Autonomous Driving Into a Royalty Platform Story

China's autonomous driving software company Momenta is asking investors to price it like a platform landlord, not a technology contractor — and the market's early response suggests the argument is gaining traction. Momenta cleared its Hong Kong Stock Exchange listing hearing and formally launched its IPO at

China's Humanoid Robot IPO Wave Forces a Valuation Reckoning Across the Sector

As Unitree Robotics clears China’s top securities regulator for a STAR Market listing, three divergent financial profiles are emerging that will permanently reset how investors price the country’s RMB 100 billion-plus robotics boom. The China Securities Regulatory Commission (CSRC) has approved the IPO registration of Unitree Robotics,