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Coding tools Cursor and Windsurf found using Chinese AI in latest releases

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Musk wins backing for USD 1 trillion pay deal

just now
Reuters
Tesla shareholders have approved CEO Elon Musk’s record pay package, potentially worth up to USD 1 trillion over the next decade. Backed by more than 75% of investors, the plan ties Musk’s pay to long-term milestones in autonomous driving, robotaxis, and humanoid robotics, despite concerns over cost, oversight, and his growing influence.

Shenzhen vendors hit by soaring chip costs

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SCMP
Memory chip and storage prices have reportedly surged across Shenzhen’s Huaqiangbei electronics market, with some DDR5 models nearly doubling in price since September. Vendors said rising AI-driven demand for large-capacity chips has also tightened supply for consumer electronics, pushing up prices for smartphones, PCs, and tablets.

Douyin cracks down on AI imposters

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Jiemian News
Douyin has launched a crackdown on AI-generated and unauthorized videos that impersonate celebrities for product promotions, following reports that actress Wen Zhengrong’s likeness was used in fake live streams. Vice president Li Liang said the company has penalized over 11,000 accounts and removed thousands of infringing items since October.

EU probes Chinese tyre subsidies

just now
Reuters
The European Commission has opened an anti-subsidy investigation into tyres for cars, light trucks, and buses from China, citing evidence of unfair state support. The probe, which follows an anti-dumping review opened in May, comes amid a 51% rise in Chinese tyre imports since 2021 and could result in provisional duties within nine months.

Alibaba sees strong Singles’ Day results

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SCMP
Alibaba’s quick commerce arm Taobao Shangou generated more than 100 million non-food orders from new users during the first two weeks of its Singles’ Day campaign, the company said. The platform, backed by a RMB 50 billion subsidy plan, is emerging as a major growth driver as Alibaba faces weak consumer demand and rising e-commerce competition.

Chery opens first dealership in Germany

just now
Nikkei Asia
Chery has opened its first dealership in Germany through Ford dealer Autohaus Tonjes in Neuenburg, offering Jaecoo and Omoda hybrid car models. The launch marks the Chinese automaker’s entry into Europe’s largest automotive market, with plans to expand its dealer network and after-sales services across the country.

Shein forecasts USD 2 billion profit in 2025

just now
Bloomberg
Shein expects to report USD 2 billion in net income in 2025, nearly double last year’s USD 1.1 billion, as price hikes and cost-cutting help offset weaker US demand from new tariffs. The fast fashion retailer is advancing plans for a Hong Kong IPO, pending Beijing’s approval amid ongoing global scrutiny.

GE Healthcare partners with Alibaba’s Damo

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36Kr
GE Healthcare and Alibaba’s Damo Academy signed a cooperation framework on November 6 to integrate Damo’s AI-powered medical diagnostic technology into GE’s imaging devices. The partnership aims to create intelligent, unified diagnostic systems and accelerate their market rollout.

Singapore’s Hummingbird mulls Hong Kong IPO

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Cailian Press
Hummingbird Bioscience, a Singapore-based biotech firm, is said to be considering an IPO in Hong Kong next year, according to people familiar with the matter.

Huawei stores join Taobao Shangou

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36Kr
Huawei has connected 3,000 stores across 247 cities to Taobao Shangou, offering delivery within 30 minutes for customers within a five-kilometer radius. During the first phase of Tmall’s Singles Day campaign, Huawei’s Shangou transactions surged 1,910% week-on-week, adding about 190,000 new customers.

China exports to hit USD 4 trillion in 2026

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Nikkei Asia
China’s exports are projected to reach USD 4 trillion in 2026, driven by the global ascent of Chinese brands, according to Euromonitor International. Once seen as low-cost alternatives, brands such as Shein, Alibaba, and BYD are gaining soft power through innovation and design, helping sustain export growth despite ongoing US tariff uncertainty.

iFlytek unveils Spark X1.5 model

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36Kr
Chinese tech firm iFlytek unveiled its Spark X1.5 deep reasoning model on November 6, built on domestic computing infrastructure. The model reportedly improves MoE training efficiency and achieves more than 93% of international benchmark performance, supporting over 130 languages with overall capability reaching 95% of GPT-5’s level.

Tencent, Xiaomi, Shein top Gen Z brand list

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Beijing Business Today
Snapchat and Kantar have released their first ranking of the top 50 Chinese global brands favored by Gen Z consumers, with Tencent, Xiaomi, and Shein taking the top three spots. The study finds that the Gen Z generation values authenticity, digital experiences, and social connection, driving demand for immersive gaming, smart ecosystems, and personalized e-commerce.

Inflync unveils tilt-wing eVTOL aircraft

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KrASIA
Inflync has unveiled the L600, billed as the world’s first full-scale tilt-wing ducted eVTOL aircraft. The six-seat hybrid model offers a 600-kilometer range, modular interiors, and low-noise operation, with about 1,000 intent orders and commercial service planned for 2028.

Insta360 sees gains despite price cuts

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SCMP
Insta360 said price competition with DJI has expanded the 360-degree camera market, boosting its Q3 revenue 93% YoY despite thinner margins. The Shenzhen-based company is also entering the drone market through its Antigravity brand, pursuing new growth while investing in chip development to bolster long-term competitiveness.

HashKey seeks Hong Kong listing

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KrASIA
HashKey Group, Hong Kong’s largest licensed crypto exchange operator, has confidentially filed for an IPO, according to media reports. If approved, the listing could come as early as this year, testing investor confidence in regulated digital asset platforms amid a volatile market.

France probes TikTok over suicide content

just now
Bloomberg
France has opened an investigation into TikTok for allegedly failing to monitor content promoting suicide. Prosecutors are probing ByteDance’s algorithm and moderation systems after a parliamentary report accused the platform of exposing minors to harmful material and lacking adequate content safeguards.

Xiaomi forms top-level EV tech unit

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KrASIA
Xiaomi has created a new architecture department under CEO Lei Jun to guide the long-term development of its EV technologies. The restructuring elevates advanced R&D to a top-level function, signaling Xiaomi’s push to strengthen its technical foundation as it defines its next generation of vehicles.

Amap expands reach of AutoSDK

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SCMP
Amap, Alibaba’s mapping and local services arm, has launched a global version of its AutoSDK covering 170 countries and 19 languages. The toolkit is designed to help carmakers tailor in-car navigation systems for overseas markets. Backed by a partnership with Here Technologies, the move positions Amap to challenge Google Maps amid China’s surging vehicle exports.

Xpeng to launch robotaxis, reveals new robot

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CNBC
Chinese EV maker Xpeng plans to launch robotaxis next year and begin mass production of its humanoid robot, Iron, as part of a broader AI expansion. The Guangzhou-based firm unveiled three robotaxi models powered by its Turing chips and said trials will start in Chinese cities in 2026, aligning its strategy more closely with Tesla’s.
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