
Ximalaya’s IPO dream dies as Tencent finally seals takeover of China’s ‘audio king’
By Du Chen After more than a decade dominating China’s online audio market, Ximalaya has abandoned its long-running…

Kuaishou mulls spin-off of Kling AI video generation unit, seeking $20 billion valuation
Kuaishou Technology (01024.HK) is planning to spin off its Kling AI video-generation model business and raise $2 billion, giving…

Samsung quietly pulls the plug on China’s home-appliance business in strategic retreat
Just after the May Day holiday, Samsung Electronics (005930.KS) signalled the end of its home appliance business in mainland…

StepFun closes in on $2.5 billion funding as it dismantles offshore structure ahead of Hong Kong IPO
By Stone Jin Chinese artificial intelligence start-up StepFun is set to complete a fundraising round worth almost $2.5…

How three Chinese entrepreneurs broke Japan’s two-decade grip on OLED display technology
By Yu Yezi Three Chinese entrepreneurs who quit secure, well-paid jobs to build China’s first homegrown…

What the annual reporting season reveals about the real China in 2026
By Dawei Weng The latest annual reporting season in China has laid bare a corporate landscape…

Moonshot AI reaches $20 billion valuation as race for dominance in China heats up
By Da Cheung Beijing-based artificial intelligence startup Moonshot AI — known for its popular chatbot Kimi — is…

ByteDance’s bold bet: can its Doubao AI champion make subscriptions work in China
By Lian Ran ByteDance’s AI assistant Doubao is preparing to charge users — a move that…

China’s robotaxi rollout delayed as safety concerns force reset
By Hu Minghe China appears to have hit the pause button on its push to roll…

State-backed CICT Mobile to raise 7 billion yuan to fund satellite and 6G projects
CICT Mobile (688387.SH), the state-backed Chinese mobile communications group, has announced plans to invest 9.5 billion…




