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Xpeng-backed Aridge raises funding to advance modular flying car production

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Pulses

Tengli faces scrutiny in IPO push

just now
Jiemian News
Tengli Transmission, a Chinese automotive transmission systems maker, has updated its IPO filing amid concerns over rising receivables, heavy reliance on key customers, and transactions tied to related parties. Dividend payouts alongside plans to raise funds for liquidity have also drawn scrutiny.

GAC, Huawei launch Aistaland brand

just now
Securities Times
GAC and Huawei have launched Aistaland, a new joint automotive brand integrating Huawei's smart driving technology. Its first model, the GT7, is expected to launch in June with LiDAR, assisted driving, and HarmonyOS cockpit features.

Oppo launches Find N6 phone

just now
SCMP
Oppo has launched the Find N6 foldable smartphone, introducing improved hinge technology to minimize screen creasing. Prices start at RMB 9,999, up RMB 1,000 from the prior model as rising memory costs push handset prices higher.

Huawei launches AI inference platform

just now
Securities Times
Huawei has launched AI data infrastructure for inference, including a data platform and the FusionCube A1000 system. The platform reportedly improves agent accuracy by 30%, while reducing deployment time by 80% and increasing compute utilization by 30%.

Bright Smart shares soar as Ant deal nears

just now
Nikkei Asia
Shares of Bright Smart Securities surged as much as 82% after the company said Ant Group's acquisition is set to close on March 30. The HKD 2.81 billion deal will give Ant a controlling stake in the Hong Kong brokerage.

China tightens Hong Kong IPO rules

just now
Bloomberg
Chinese regulators are discouraging firms incorporated outside China from listing in Hong Kong and have asked some to restructure, according to people familiar with the matter. Authorities are said to be pushing mainland incorporation to strengthen oversight and address compliance and capital flow risks.

Petrobras buys Petronas field stake

just now
Nikkei Asia
Petrobras has exercised its right to acquire Malaysia’s Petronas’ 50% stake in two offshore fields in Brazil’s Campos Basin for about USD 450 million, gaining full control of assets producing roughly 55,000 barrels per day.

CaoCao deploys 3,600 robotaxi points

just now
CaoCao Mobility
CaoCao Mobility has deployed more than 3,600 robotaxi pickup and dropoff points in Hangzhou, covering key areas of the city. The Geely-backed company is expanding network density and scale as it moves toward commercial robotaxi operations.

Qihoo 360 revokes cert after leak

just now
Jiemian News
Qihoo 360 has revoked an SSL certificate after a private key was exposed in an installation package for its agentic AI tool due to a release error. The company said the certificate is now invalid, preventing misuse, and that users were not affected.

Alibaba launches Wukong AI platform

just now
Alibaba
Alibaba has launched Wukong, an AI-native enterprise platform that uses multi-agent systems to automate workflows across business applications. The platform integrates with the DingTalk ecosystem and is currently in invitation-only beta.

Ant nears control of Hong Kong broker

just now
Jiemian News
Ant Group's acquisition of Bright Smart Securities has secured regulatory approvals and is set to close on March 30, giving it control of the Hong Kong broker. The deal provides Ant with local brokerage licenses to support its international expansion.

Nvidia adds BYD, Geely as partners

just now
CNBC
BYD and Geely are among the automakers Nvidia has added to new partnerships for its Drive Hyperion autonomous driving platform, which supports development of Level 4 self-driving systems as it expands its automotive business.

VinFast posts deeper 2025 loss

just now
Nikkei Asia
VinFast reported a USD 3.87 billion net loss in 2025, widening 26% YoY, as costs increased despite revenue rising 105% to USD 3.59 billion. The EV maker delivered 196,919 vehicles and is targeting 300,000 sales in 2026 while aiming to break even this year.

Tencent becomes OpenClaw sponsor

just now
SCMP
Tencent has become a sponsor of OpenClaw on GitHub after its cloud unit was criticized by the project’s creator for copying code without support. The company said it credited the source and contributed code, while the scope of the sponsorship remains undisclosed.

Alibaba creates new AI business group

just now
SCMP
Alibaba has created the Alibaba Token Hub (ATH) business group, placing CEO Eddie Wu in charge and consolidating core AI units including Tongyi Lab and Qwen. The reorganization aims to bring model development and applications under one structure to coordinate its AI strategy.

SmartMore seeks Hong Kong listing

just now
Guandian
SmartMore filed for a Hong Kong IPO on March 16, with Morgan Stanley, CICC, and Deutsche Bank as joint sponsors. The company develops industrial AI systems that combine large models with robotics to integrate perception, decision-making, and execution in manufacturing.

BioMap files for Hong Kong IPO

just now
Bloomberg
BioMap has confidentially filed for a Hong Kong IPO that could raise a nine-figure USD sum this year, according to people familiar. The Baidu-backed drug discovery firm is working with CICC, Morgan Stanley, and UBS, with deal size and timing still under discussion.

BYD studies Canada plant, eyes M&A

just now
Bloomberg
BYD is evaluating a wholly owned factory in Canada and exploring acquisitions of legacy automakers, executive vice president Stella Li said, with no decisions or deals finalized. It is accelerating overseas expansion, targeting 1.3 million exports in 2026 after sales fell 36% in the first two months of the year.

Jingxin Pharmaceutical seeks HK IPO

just now
Jiemian News
Shenzhen-listed Jingxin Pharmaceutical has initiated a dual listing process aimed at a Hong Kong IPO. The company said proceeds will fund drug R&D and marketing as sales of its insomnia treatment didacinil expand following its inclusion in China’s national reimbursement list.

JD launches Joybuy in UK, Europe

just now
Bloomberg
JD.com has launched its Joybuy e-commerce platform in the UK and several European markets, promising same-day delivery for orders placed before 11 a.m. in selected cities. The expansion comes as the company seeks growth beyond China's online retail market.
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