The Belt 
At half past seven on the evening of 2 November, a product nobody can see went into the shopping cart of China’s most-watched livestream. The item was a monthly membership for Qwen Office, Alibaba’s workplace AI product, priced at one fen and limited to one per new account. It sold 100,000 units in half an … Read more
Beijing’s securities regulator accepted an IPO coaching filing from Huixi Technology on 28 October, putting a four-and-a-half-year-old chip designer on the path to an A-share listing with CITIC Securities as sponsor. The company was founded in April 2022. The filing documents a rare thing in Chinese semiconductors: a strategic pivot that appears to have worked, … Read more
China Mobile has finished evaluating its 2026-2027 procurement of next-generation artificial intelligence supernode equipment, and the result is a single-country supply chain. The tender closed on 2 November with a total of 20,480 accelerator cards, 448 RoCE switches and 82 storage systems split between five bidders. The headline value is RMB 58.2 billion. The five … Read more
OPmobility published third-quarter results showing economic revenue of EUR 2.763 billion, up 1.6 per cent year on year at constant exchange rates on a comparable basis, with consolidated organic growth of 2.8 per cent, ahead of the global car market. By segment, exterior and lighting revenue was EUR 1.266 billion, driven mainly by Eastern Europe … Read more
The one-millionth 11-in-1 integrated powertrain domain drive system rolled off the line at Grebor’s Xuzhou plant, the company said. The system integrates the drive motor, motor controller, reducer and on-board charger, along with seven other core components, inside a single housing. It combines high integration with low weight and a low centre of gravity, and … Read more
Xinlian Dongli has completed a Series C round of nearly RMB 2 billion, led by China Mobile’s industrial chain fund, with a group of industrial and financial investors participating. The investor list includes Inspur Information, Yuanjing Capital, Sinopec’s hydrogen fund, NAURA Nuohua Capital, Jiangfeng Electronics, Changzhou Xingyu, Cathay Capital, Puchao Capital, CCB Equity, CITIC Jinshi, … Read more
October sales reports arrived on 1 November. BYD sold 490,200 vehicles, up 11 per cent and its best month of the year. Leapmotor delivered 106,000, its fourth consecutive month above 100,000. Geely and Chery both beat last year, and XPeng and Xiaomi each crossed 50,000. And yet the passenger car association had forecast October retail … Read more
On 1 November Li Fenggang, general manager of Beijing Hyundai, chose to leave after a year in the job. It was one month after the launch of the brand’s strategic electric model. For Beijing Hyundai, executive turnover is unremarkable when the Chinese market moves this fast. But across the joint-venture sector, his departure poses a … Read more
Geek+ has announced a plan it calls the 24/7 autonomous intelligent warehouse, setting out the next stage of its development and the route it intends to take: deeper embodied intelligence and whole-warehouse intelligence, delivered through end-to-end robotic solutions and a warehouse brain, moving warehouses towards round-the-clock unmanned operation that improves itself. The company frames the … Read more
Leaderdrive, the Chinese harmonic reducer maker listed in Shanghai, reported third-quarter results on the evening of 30 October, with gains in industrial robot market share and a larger embodied intelligence business driving growth. Revenue growth ran well ahead of net profit growth, which points to the cost pressure the company faces while it expands capacity. … Read more