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DeepSeek Raises Capital as Founder Liang Wenfeng Increases Direct Stake to 34%

Chinese AI startup DeepSeek has completed a capital increase that significantly boosts founder Liang Wenfeng's direct ownership in the company, according to a report by Shanghai Securities News. According to the Shanghai Securities News report published on April 28, 2026, business registry data from Tianyancha shows that on

2026 Beijing Auto Show: 10 Key Trends Shaping China's EV and Auto Industry

The 2026 Beijing Auto Show, held April 23–24, remains the largest auto show in China and globally by exhibitor count and attendance. J.P. Morgan's Asia Pacific auto research team attended with an investor tour, conducted 11 meetings with industry experts, OEMs, and autonomous driving suppliers, and

Moore Threads Swings to Profit in Q1 2026 After Intensive R&D Cycle

Chinese domestic graphics processing unit (GPU) developer Moore Threads has crossed a critical financial threshold, reporting its first quarterly profit in the first quarter of 2026. The financial milestone marks a vital turning point for the company, representing its first profitable quarter since debuting on the STAR Market. The positive

Lightelligence Surges 380% in HKEX Debut as Photonic Chips Capitalize on AI Compute Bottlenecks

Shanghai Lightelligence surged more than 380% on its Hong Kong trading debut, pushing its market capitalization to approximately HK$80 billion as global investors scramble for next-generation hardware capable of resolving severe artificial intelligence computing bottlenecks. Pricing its shares at HK$183.2, the world’s first artificial intelligence

CATL vs. BYD: Who Is Winning the EV Superfast Charging Race in 2026?

In late April 2026, CATL unveiled its third-generation Shenxing and Qilin battery systems, reigniting one of the most closely watched technology competitions in the global electric vehicle industry. The announcement prompted immediate questions from investors and analysts: does CATL's latest achievement undermine BYD's competitive position

DeepSeek Slashes API Pricing by 97.5%, Triggering Agent Model Cost War

Chinese AI startup DeepSeek ignited a pricing war in the large language model (LLM) market with two consecutive price cuts within 48 hours, pushing its V4-Pro model's cache-hit input cost to just RMB 0.025 per million tokens (US$0.0035)—roughly one-fortieth of its

ChinaBiz Briefing | NIO Warns of Five-Year Shakeout; CATL Profits Squeeze Automakers

China's EV and tech sectors entered survival mode this week, with industry leaders issuing stark warnings about brutal consolidation ahead. NIO's founder set a five-year timeline for determining winners and losers, while battery giant CATL's surging profits exposed a widening gap between component

NIO's Five-Year Survival Battle Amid China's EV Shakeout

NIO Inc. founder William Li delivered a stark warning at the 2026 Beijing Auto Show: Chinese electric vehicle makers face a brutal consolidation window of just five years, after which the industry's winners and losers will be determined. "Five years from now, the industry landscape will be

China EV Battery Makers' Profit Surge Squeezes Automakers

China's electric vehicle battery industry is witnessing a profound power shift in 2026, with manufacturers collectively strengthening their grip on profit margins while downstream automakers face intensifying financial pressure. Contemporary Amperex Technology Co. Limited (CATL) reported RMB 20.7 billion (US$2.88 billion) in net profit for

Huawei Eyes September Mate 90 Launch in Direct Clash With Apple

Chinese tech giant Huawei Technologie may break from its recent November release pattern and launch its upcoming Mate 90 series smartphones as early as September or October this year, according to speculation circulating among industry observers. According to a report by Huawei Central published on January 8, 2026, Weibo tipster