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Kuaishou's AI Spinoff Raises Questions as Unit Nears Two-Thirds of Parent's Value

Kuaishou Technology is engineering a spinoff of its AI video-generation unit Kling AI at a $20 billion target valuation, a move that has exposed a structural paradox: a subsidiary generating less than 1% of group revenue is being priced at roughly two-thirds of its parent company's

Alibaba Cloud's Daily Token Revenue Grows Fivefold Since Early April

Alibaba Cloud has achieved a more than fivefold increase in daily token revenue compared to early April, according to sources familiar with the matter obtained by Caijing magazine. Monthly revenue has now reached the hundreds of millions of yuan level. According to Caijing magazine's report published on May

China's EV Triumvirate Storms the Premium SUV Segment With Back-to-Back Flagship Launches

Three vehicles. Twelve days. A direct challenge to global luxury incumbents. In an unprecedented show of force, NIO, Xpeng, and Li Auto — China's three most closely watched pure-play EV makers — are launching their respective flagship six-seat SUVs in rapid succession across the final two weeks of

XPeng AeroHT and the Long Road to Commercializing the Flying Car

How a high-school dropout’s obsession evolved into one of China’s most ambitious aviation bets In the summer of 2020, Zhao Deli had little left to lose. Born into a farming family in China’s Henan province, Zhao left high school early and spent years running a small

Tencent Isolates AI Costs in Q1 2026, Revealing Resilient Core Bankrolling Generative Pivot

Tencent redefined its earnings narrative for the first quarter of 2026 by isolating artificial intelligence expenditures, revealing a highly profitable legacy business that is single-handedly financing its generative AI ambitions. The Shenzhen-based technology giant reported total revenue of RMB 196.46 billion (US$27.28 billion), representing a

Baidu Delivers 20 Million L2 Vehicles Across China's Auto Industry

Baidu Inc. has supplied advanced driver-assistance systems (ADAS) to more than 20 million Level 2 vehicles delivered in 2025, marking the first time a Chinese cloud provider has achieved complete penetration across all major domestic automakers, the company disclosed at its annual developer conference Tuesday. The milestone positions Baidu

Alibaba’s 95% Profit Wipeout Exposes the Brutal Cost of China’s AI Arms Race

Alibaba reported a near-total erasure of its quarterly profit, laying bare the severe financial toll of its aggressive pivot toward artificial intelligence and the widening bleed in its peripheral businesses. For the fiscal fourth quarter of 2026 ended March 31, the Chinese tech conglomerate saw its non-GAAP net

ChinaBiz Briefing: Pop Mart Cools in the US, Chinese Robots Win Japan, JD.com Profit Concerns Grow

China’s consumer, robotics, and EV sectors are entering a more uneven phase. Pop Mart’s domestic momentum remains strong despite cooling US demand, Chinese humanoid robot makers are landing major Japanese partnerships, Morgan Stanley is warning of intensifying EV homogenization, and JD.com’s return to operating profit is

Pop Mart Faces Diverging Signals as Q1 Revenue Surge Meets US Data Drop

A stark divergence between blowout first-quarter earnings and deteriorating high-frequency data is creating a complex outlook for Pop Mart. While the Chinese toymaker posted a 75% to 80% revenue increase in the first quarter, a sharp 43% year-over-year decline in April US credit card transactions is

Chinese Humanoid Robots Scale Into Japanese Market

In a remarkable reversal of technological leadership, three major Japanese corporations have partnered with Chinese humanoid robotics company UBTECH within a single month, signaling a fundamental shift in the global robotics landscape. Historic Partnerships Mark Industry Inflection Point On May 11, 2026, Hitachi Group officially announced a strategic partnership with