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Deep Robotics Files $347M STAR Market IPO as Industrial Quadruped Sales Drive Profitability

Hangzhou Deep Robotics is seeking to raise RMB 2.5 billion (US$347.2 million) in a Shanghai STAR Market initial public offering, leveraging its 2025 transition to profitability to test public market appetite for embodied artificial intelligence. The Shanghai Stock Exchange accepted the company’s application on May 18,

Tencent Launches Marvis Beta, Betting OS-Level AI Agent Can Reclaim PC Screen Time from Mobile

Tencent's application distribution unit has quietly entered the crowded AI agent race with Marvis, a Windows-integrated agent that routes tasks across six specialized sub-agents and a local model stack — positioning itself not as another chatbot, but as an AI layer embedded directly into the operating system&

Baidu's AI Revenue Crosses 50% Threshold as GPU Cloud Surges 184%, Marking Structural Inflection Point

Baidu has crossed a structural milestone that investors have been watching for years: AI revenue now accounts for the majority of its core business, a tipping point that reframes the company less as a search incumbent under siege and more as a legitimate AI infrastructure and services platform competing in

ChinaBiz Briefing | miHoYo’s $13.9B AI Bet, CXMT Profit Surge, and EV Price Wars

Today's developments underscore a pivotal maturation in China's tech ecosystem, moving from aggressive capital burn to structural profitability and global market share capture. As Chinese AI models and legacy semiconductor firms capitalize on global cost and supply chain shifts, domestic EV makers are aggressively segmenting the

China’s AI Models Sustain Global Lead as Inference Cost Advantages Reshape Developer Ecosystem

Chinese developers of large language models (LLMs) maintained their dominance in global API usage for a third consecutive week in mid-May 2026, driven by aggressive pricing strategies and seamless monetization transitions by tech giants like Tencent. Data compiled from API aggregator OpenRouter shows that China-developed LLMs processed 7.

NIO's ONVO L80 Targets Mass-Market SUV Crown With Sub-RMB250K Price Point

NIO's sub-brand fires directly at Xiaomi and Li Auto with a large-format pure-electric SUV priced from RMB242,800 (US$33,722), betting that space efficiency and battery-swap infrastructure can carve out defensible share in China's most contested EV segment. NIO officially launched

Xiaomi Drives Premium EV Push With 1,003-HP YU7 GT SUV

Xiaomi will unveil a 1,003-horsepower premium electric SUV on May 21, marking an aggressive expansion into the high-margin grand touring segment to challenge legacy luxury automakers. The upcoming debut of the YU7 GT highlights a strategic pivot in 2026, as the technology giant shifts focus from mass-

AI Memory Squeeze Drives China’s Sole DRAM Maker to US$3.4B Q1 Profit

China’s sole mass producer of dynamic random access memory (DRAM) wiped out nearly a decade of accumulated losses in a single quarter, capitalizing on a structural global memory shortage driven by artificial intelligence demand. In an updated prospectus filed on May 17, 2026, for its initial public offering on

Insta360 Prices Luna Ultra Lower in China Than US

Insta360's upcoming pocket gimbal camera, Luna Ultra, has sparked controversy over its international pricing strategy after CEO Liu Jingkang confirmed on Weibo that leaked pricing information was accurate—but only for US and international markets. Chinese consumers will pay significantly less. Confirmed Pricing Structure The US market pricing

XREAL Leverages Google Pact and Custom Chips to Rival Meta

Shanghai-based augmented reality developer XREAL (XREAL) is deploying a proprietary silicon architecture alongside a strategic Alphabet Inc. partnership to fracture Meta Platforms Inc.’s dominance in the global artificial intelligence smart glasses market. As the consumer electronics sector anticipates an "iPhone moment" for wearable displays by 2027,