
Alibaba and Tencent burn through billions in AI race, putting profits under pressure
By Xu Yang China’s two biggest internet groups are pouring unprecedented sums into artificial intelligence, sacrificing…

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…

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…

China’s AI drug-discovery champion sees survival as the biggest challenge
By Chen Guangjing Do China’s AI drug discovery champions need to worry about survival? For Wen…

BYD’s overseas EV sales surge fails to counter slump in domestic market
Hong Kong-listed EV giant BYD (01211.HK) reported first-quarter results late on April 28 that were better than feared,…

China’s Moore Threads nears profitability amid soaring revenue in growing challenge to Nvidia’s dominance
Chinese AI chipmaker Moore Threads (688795.SH), reported a sharp surge in revenue and its first quarterly profit, positioning itself…

Xiaomi poaches top talent from Tesla and European auto giants to fuel EV ambitions
By Da Cheung Chinese tech giant Xiaomi, which launched its first EV car model in 2024, is rapidly adding…






