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China’s tighter drone rules usher in industry adjustment period

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China outbound investment rises 18% in 2025

just now
Nikkei Asia
Chinese outbound investment rose 18% in 2025 to USD 124 billion, the highest level since 2018, driven mainly by energy and basic materials, according to Rhodium Group. Investment increasingly shifted toward Asia, Africa, and the Middle East, while North America and Europe accounted for less than 20% of announced deals.

Baidu launches buyback, plans dividend

just now
Bloomberg
Baidu has approved a multi-year share buyback program of up to USD 5 billion running through December 31, 2028, and said it plans to pay its first dividend in 2026.

China solar shares jump on Musk visit reports

just now
Reuters
Shares of Chinese solar companies climbed on February 4 after reports that teams linked to Elon Musk had visited firms across the sector, days after he outlined plans to build large-scale solar cell capacity in the US. Several companies later said the discussions did not result in any agreements.

Moore Threads launches AI coding service

just now
Securities Times
Moore Threads has introduced "AI Coding Plan," an AI-driven programming service built on its domestic GPU computing platform and offered with a 30-day free trial. Powered by the MTT S5000 GPU and a domestic code model, the service aims to support high-complexity development while reducing inference latency and computing costs.

Montage targets top price in Hong Kong IPO

just now
Bloomberg
Montage Technology is planning to price its Hong Kong listing at the top of the range, raising about HKD 7 billion, according to people familiar with the matter. The chip designer has seen strong demand from sovereign wealth funds and long-only investors, with orders exceeding the shares on offer.

BYD unveils Song Ultra EV SUV

just now
IT Zhijia
BYD has unveiled the Song Ultra EV, marking the Dynasty lineup’s first B-segment pure electric SUV. Previously disclosed in a January regulatory filing, the vehicle measures 4,850 millimeters in length and is powered by a 270-kilowatt single motor paired with a lithium iron phosphate battery.

Tencent extends global gaming lead

just now
Sensor Tower
Tencent ranked as the world’s top mobile game publisher by revenue in January, posting a 43% month-on-month increase. The surge was driven by strong performances from flagship titles including Honor of Kings and Game for Peace, bolstered by major content updates and seasonal events.

Ford, Geely in talks on Europe tie-up

just now
Reuters
Ford and China’s Geely are in discussions about a potential partnership that could see Geely use Ford’s factory space in Europe to build vehicles, people familiar with the matter said. The companies have also explored cooperation on vehicle technologies, though it remains unclear whether the talks will result in a deal.

Honor touts phone with massive battery

just now
Nikkei Asia
Honor has launched the Power 2 smartphone with a 10,080 mAh battery, which it says is about twice the capacity of Apple’s top iPhone. The device underscores Honor’s focus on ultra large batteries, enabled by advances in silicon-carbon anode technology, to address rising power demands.

Z.ai releases GLM-OCR model

just now
Z.ai
Z.ai has released and open-sourced GLM-OCR, a lightweight OCR model with 900 million parameters built for complex document parsing. The model topped OmniDocBench V1.5 with a score of 94.6 and supports efficient deployment in high-concurrency and edge environments.

Ant introduces AI-focused incentive plan

just now
Sina
Ant Group has unveiled a new incentive program to reward pioneering AI work, offering additional compensation on top of existing performance incentives. The rewards can be converted into economic benefit rights over the next two years if the related AI businesses deliver measurable value growth.

Huawei Cloud rolls out pathology AI

just now
China Star Market
Huawei Cloud has launched an AI-driven platform for primary hospitals, offering a cloud-edge pathology solution that enables local AI inference on PCs. The rollout also includes an integrated pathology system that bundles AI models, software platforms, and computing hardware.

Ford, Xiaomi deny reported EV talks

just now
Financial Times
Ford and Xiaomi have both denied reports that they held preliminary discussions about a potential US partnership, including local manufacturing, amid warnings from lawmakers that such a tie-up would raise political and national security concerns.

Sany launches Dubai supply hub

just now
Sany
Sany Group has started operations at its Dubai regional supply center following the arrival of its first equipment shipment in January. The hub will provide integrated logistics and spare parts support for 82 countries and regions across the Middle East and Africa, and is expected to reduce parts delivery cycles by about 35%.

Singapore to launch national space agency

just now
Bloomberg
Singapore will establish a national space agency on April 1 as it seeks a foothold in the global space economy, which the World Economic Forum estimates could reach USD 1.8 trillion by 2035. The agency will court overseas space companies, develop regulations, and may expand the country’s satellite programs.

BYD leads Hong Kong EV stock selloff

just now
Bloomberg
BYD led a broad selloff in Chinese EV stocks in Hong Kong after reporting a 30% YoY fall in January sales, its sharpest drop in months. Shares of Xpeng and Nio also sank more than 6%, as expiring subsidies and a new EV purchase tax weighed on demand.

Muyuan Foods starts Hong Kong offering

just now
Muyuan Foods
Muyuan Foods launched its Hong Kong share offering on January 29, moving forward with its listing on the city’s stock exchange and supporting its expansion into offshore and overseas markets. According to Frost & Sullivan, the company has been the world’s largest hog farming enterprise by production capacity and sales volume since 2021.

GIC, Mubadala join talks on STT GDC bid

just now
Bloomberg
GIC and the Mubadala Investment Company are in talks to back a KKR-led consortium seeking to acquire data center operator STT GDC, people familiar with the matter said. The transaction, which includes Singtel, could be announced as soon as this week and may value the company at more than USD 10 billion including debt.

Gotion told to repay Michigan grant

just now
Nikkei Asia
Michigan attorney general Dana Nessel said the US state has asked battery company Gotion to repay USD 23.7 million after it abandoned a planned USD 2.4 billion EV battery materials plant. The attorney general’s office said Gotion is in default of its agreement and has been given 30 days to return the funds.

Tencent hires Pang Tianyu for Hunyuan

just now
IT Zhijia
Tencent said Pang Tianyu, who holds a doctorate from Tsinghua University and is a former senior research scientist at Sea AI Lab, will join the company on February 4 as chief research scientist of its Hunyuan large model team, also leading multimodal reinforcement learning with an initial focus on generative models.
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