Ant Group, the owner of one-billion-user payment app Alipay, unveiled a financial-purpose large language model along with two AI-powered wealth management products on Sept. 8, joining the hottest current tech wave with a specific model that is aimed at the financial sector. Zhixiaozhu 1.0, an investment advice program that was one of the two applications […]

In August, 40 Chinese game publishers obtained a total revenue of $2.07 billion, accounting for 39.3% of the global top 100 mobile game publishers, as reported by the analyst firm SensorTower. The leading three companies are Tencent Games, NetEase Games, and HoYoverse. Nuverse, ByteDance’s gaming arm, achieved sixth place for the first time, due to […]

On September 10, Chinese electric vehicle manufacturer WM Motor announced the voluntary termination of its RTO (Reverse Takeover) process with Apollo Future Mobility Group (AFMG) on the Hong Kong Stock Exchanges and Clearing. The move means that WM Motor’s plans to go public through a back-door listing have fallen through, according to Chinese news outlet […]

The Illinois state governor’s office has announced that Chinese battery manufacturer Gotion will establish a new electric vehicle battery gigafactory in Manteno in the state, according to a September 9 report by Reuters. The plant involves an investment of $2 billion, with production set to begin next year. According to the official statement, Gotion plans […]

In August, China’s passenger vehicle sales experienced a year-on-year growth of 2.2%, reaching 1.94 million units, according to a September 8 report released by the China Passenger Car Association (CPCA). This marks the first year-on-year increase in the Chinese auto market since May 2023, a September 8 report by Reuters said. Over the first eight […]

BMW MINI will start producing pure electric models in China in 2024, with plans to export EVs overseas in the same year, according to a September 8 report by Chinese news outlet Caixin. Production will be managed by Spotlight, a joint venture co-founded by BMW Group and Chinese automaker Great Wall Motor, according to BMW. […]

On September 9, Great Wall Motor (GWM) announced the launch of its first model, the Haval H6 HEV, in the Mexican market. GWM plans to open at least 40 stores in Mexico by the end of the year through partnerships with 24 local dealer groups, the firm said. By 2025, it aims to have a […]

Alibaba’s grocery unit Freshippo has postponed its Hong Kong IPO amid weak consumer share sentiment, according to Bloomberg. The unit was originally expected to be listed before May 2024. The report said Freshippo could be valued at around $4 billion after Alibaba conducted early talks with potential investors, which is lower than the $6 billion […]

The Huawei Mate 60 Pro has generated significant buzz on both domestic and international social platforms in September as it is powered by the self-developed Kirin 9000S chip, featuring cutting-edge 7nm process technology. This technological breakthrough prompted multiple sources to confirm that Huawei has discreetly initiated a comprehensive strategy to reenter the global smartphone market, […]