
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…

Humanoid robots emerge as testbed for solid-state batteries
By Da Cheung Almost all lithium batteries powering our daily lives today are liquid-based. From smartphones…

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…

Can China’s Lightelligence become the Nvidia of the photonic age?
By Da Cheung Shares in photonics chipmaker Shanghai Xizhi Technology Co. Ltd. (01879.HK) — also known…




