China’s Volant raises nearly $450 million in weeks as eVTOL race intensifies
Shanghai-based Volant Aerotech, which develops electric vertical take-off and landing (eVTOL) vehicles, has added nearly 1 billion…
Shifting gears: China’s heavy-duty trucks set to overtake passenger EVs in autonomous driving race
By Da Cheung Unlike new energy passenger vehicles, heavy-duty trucks have historically flown under the radar…
Li Kaifu’s Zero One targets IPO after strategic pivot from frontier AI models to enterprise applications
By Song Sihang Inside the Beijing headquarters of Chinese AI startup Zero One, also known as 01.AI, the…
State-backed Chinese rocket group Expace gears up for STAR Market IPO
China’s state-backed commercial rocket group Expace Technology has begun recruiting senior finance staff with experience in…
The AI boom created China’s latest tech behemoth CXMT. Can it outlast the DRAM super cycle?
By Da Cheung The global artificial intelligence boom is minting a new titan in China’s semiconductor…
From affordable humanoids to million-dollar manned mechas: inside Unitree’s pre-IPO strategy
By Da Cheung Chinese robotics startup Unitree Robotics released two vastly different robots this spring. On April 30,…
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…
Satellite IPOs surge in China as state funding drives a new era of space commercialization
By Da Cheung China’s commercial aerospace sector is rapidly transitioning from telling ambitious stories to cashing…
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…
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…
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