On 20 August local time, Uber said its platform had gone live in Dubai with Baidu’s Apollo Go driverless vehicles, operated by UAE firm New Horizon Luxury Transport. Riders choosing UberX or Uber Comfort can now be matched to an Apollo Go, and an ‘autonomous’ option in the app raises the odds. Service starts in … Read more
On 20 August, Harmony IntelliDrive launched its first boxy hardcore SUV, the Xiangjie G9, with prices from 429,800 to 549,800 yuan. Within one hour it took 3,100 pre-orders. Richard Yu called it able to replace a holiday rental and a camper van. The G9 comes in Max+, Ultra, and Ultra+ trims, in five- or six-seat … Read more
At the 2026 World Robot Conference, JD laid out a robotics service strategy: over five years it will build an after-sales repair network across more than 100 countries and create more than 100,000 robot-repair engineer jobs. JD plans ten training and certification centres in China and aims to train over 100,000 repair engineers covering robots … Read more
On 10 August, Ninebot released its first-half 2026 results: group revenue of 14.36 billion yuan, up 22 per cent, with net profit attributable to shareholders of 1.008 billion yuan, down 18.79 per cent, and ex-non-recurring profit of 969 million yuan, down 26 per cent. By segment, e-scooters in China sold 2.842 million units, up 19 … Read more
On 20 August in Shenzhen, Huawei founder and CEO Ren Zhengfei sat down with Wen Shugang, chairman of China Huaneng Group, and Zhong Guodong, the state power giant’s general manager. The meeting was framed around national strategy and the front edge of industry, but Ren used it to make a sharper point about where China’s … Read more
Baidu reported its latest quarterly results with the same cash-flow profile as Tencent. Q2 revenue was RMB 31.3 billion, down 4 per cent year on year and 2 per cent quarter on quarter. Attributable net profit was RMB 2.3 billion and non-GAAP net profit RMB 2.6 billion, down 68 per cent and 46 per cent. … Read more
After a brief show of restraint in Q1, Tencent went all in on spending in Q2. The company reported after market close that capital expenditure surged to RMB 52.8 billion, about 26 per cent of total revenue and well above the RMB 32.14 billion the market expected. Add RMB 51.4 billion in prepaid compute-procurement deposits … Read more
On 19 August, Kuaishou Technology released its second-quarter 2026 results. Revenue reached RMB 35.54 billion, up 1.4 per cent year on year, while profit for the period was RMB 3.15 billion, down 36 per cent. For the first half, revenue totalled RMB 69.25 billion, up 2.4 per cent, though profit fell 32 per cent. Kuaishou’s … Read more
China’s AI has posted a run of breakthroughs this year, from DeepSeek’s DeepSeek-V4 series to Moonshot’s Kimi K3, a 3-trillion-parameter open-source model, and Zhipu’s GLM-5.3, whose coding ability approaches top closed models. Behind the models sits compute. Despite US limits on advanced AI chips and semiconductor equipment, domestic compute such as Huawei’s Ascend has broken … Read more
Moxing AI, the “Token super factory” founded just over two years ago, has closed another funding round. The company announced a Series A led by Yida Capital, with several strategic resource partners joining, existing shareholders adding more, and some over-allocating. The round follows a several-hundred-million-yuan Pre-A disclosed in May, only three months earlier. Two rounds … Read more