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Moonshot AI Targets $30 Billion Valuation in Latest Fundraising Push

Moonshot AI, the developer behind China’s popular Kimi chatbot, is reportedly seeking as much as $2 billion in a new funding round that would value the Beijing-based startup at $30 billion, according to a report citing people familiar with the matter. According to a Bloomberg News report published

From RMB 1 Million to RMB 9,998: China's Humanoid Robot Revolution Accelerates

China's humanoid robot industry has crossed a structural threshold: retail prices have broken below RMB 10,000 (US$1,389), compressing what was once a near-RMB 1 million (US$138,900) price point just 12 months ago by more than 99%, as domestic supply chain dominance and

China's EV Price War Reverses as Soaring Supply Costs Crush Margins

Nearly 20 electric vehicle models have raised prices since March 2026, ending a three-year deflationary spiral — but the shift exposes how badly the industry's profit engine has broken down. The abrupt reversal of China's EV price war is less a sign of industry confidence than

Tencent and JD.com Forge AI Agent Alliance to Close E-Commerce Fulfillment Gap

Tencent and JD.com have formed a strategic alliance to integrate generative AI agents with national supply chain infrastructure, marking a definitive shift in China's artificial intelligence race from standalone chatbots to closed-loop commercial ecosystems. The partnership, formalized in mid-2026, bridges Tencent’s dominant social ecosystem

ChinaBiz Briefing | Huawei AI, Baidu's Profit Squeeze, and Chinese EVs in Europe

Today's developments highlight a brutal transition toward profitability and structural maturity across China's tech and auto sectors. From Baidu trading near-term profits for AI infrastructure dominance to the collapse of a US$13.9 billion food-delivery subsidy war, companies are being forced to abandon

Li Ning Bets on Curry to Revive Basketball and Break Into Global Markets

Li Ning Sports Company has secured a 10-year partnership with NBA star Stephen Curry and his independent label Curry Brand, a deal that could reshape the company's basketball business, accelerate its overseas ambitions, and open a new avenue into premium sports categories such as golf. The deal,

Chinese Automakers Reach 6.8% Share in Europe as Profit Battle Begins

HSBC research finds Chinese OEMs have doubled their European market share in 12 months while largely holding price, exposing a structural vulnerability in incumbent strategies built around volume defense rather than margin protection. Chinese automakers have captured approximately 6.8% of the European passenger car market as of April 2026

Baidu Crosses the AI Rubicon: Revenue Leadership Achieved, Consumer Relevance at Risk

Baidu has reached a structural inflection point — AI revenue now accounts for the majority of its core business for the first time, yet the transition is exacting a severe near-term toll, with net profit falling more than half and its flagship consumer AI product sliding out of China'

ZERON's IPO Reveals a Dual-Track Bet on Smart Trucking

China's autonomous heavy-truck startup ZERON has filed for a Hong Kong listing after posting RMB 522 million (US$72.5 million) in 2025 revenue — a 320.8% year-on-year surge — but its prospectus reveals a company simultaneously sprinting toward gross-profit breakeven while widening its net

Huawei Cloud Unveils ModelArts Next to Slash Enterprise AI Inference Costs

Huawei Cloud has intensified China's artificial intelligence efficiency race with the launch of ModelArts Next, a new-generation training and inference platform designed to cut enterprise AI deployment costs by an average of 20%. Unveiled at the INSPIRE Innovator Conference, the platform introduces dynamic Model-as-a-Service