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CATL, BYD join over 100 China firms in perovskite solar cell race

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Pulses

T-Head hits 500,000 SSD chip shipments

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36Kr
T-Head Semiconductor said its Zhenyue 510 SSD controller chip has surpassed 500,000 shipments and is deployed across Alibaba Cloud's core services. Multiple storage vendors have reportedly launched products based on the chip.

Xpeng to rename as Xpeng Group

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Xpeng
Xpeng will adopt “Xpeng Group” as its Chinese company name effective April 1, while retaining its English name, Xpeng. The change may reflect the company’s expansion beyond EVs into areas including robotics and chipmaking.

Wahaha halts 70% of production

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Jiemian News
Wahaha has halted about 70% of its production lines across multiple factories, pausing most shipments and issuing leave notices at some plants, according to people familiar. The shutdown is linked to production scheduling, with operations expected to resume around April 2.

Cainiao ties with CP Axtra on logistics

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36Kr
Cainiao has signed a deal with CP Axtra to build an integrated online-offline retail logistics network in Thailand and Southeast Asia. It will provide digital supply chain and warehouse automation capabilities, leveraging CP Axtra's network of over 2,700 stores.

Ninebot partners Pop Mart IP

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Guandian
Ninebot has partnered with Pop Mart’s “Sweet Bean” IP on a co-branded EV set for April, leveraging the IP to expand its appeal among younger consumers.

Chagee targets Seoul expansion

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The Korea Times
Chagee will open three stores in Seoul in the second quarter, marking its South Korea debut and first East Asia expansion beyond China. The push aligns with broader overseas expansion by Chinese tea chains, while Chagee’s international GMV rose 75.3% YoY to RMB 300.3 million.

Tencent Cloud launches agent stack

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Sina
Tencent Cloud has introduced its AI agent stack, including the ADP development platform, "Agent Runtime" sandbox, and TokenHub model-as-a-service upgrade. It said system engineering tools such as workflow design and memory management drive deployment outcomes, with its sandbox supporting rapid container scaling for training and execution.

Moonshot AI in early IPO talks

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Bloomberg
Moonshot AI, the maker of Kimi, is considering a Hong Kong IPO and has held talks with CICC and Goldman Sachs, according to people familiar with the matter. The plan is at an early stage, with timing uncertain and no guarantee of a listing.

Pony.ai and co to launch Zagreb robotaxis

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Pony.ai
Pony.ai, Uber, and Verne will launch a commercial robotaxi service in Zagreb, with road testing already underway. Pony.ai provides the autonomous system, Verne operates the fleet, and Uber integrates the service into its platform, with plans to expand across Europe.

Cainiao expands Europe warehouses

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Securities Times
Cainiao has launched a battery-focused warehouse in Mannheim, Germany, as part of plans to expand category-specific facilities across Europe amid tax-driven demand for localized inventory. The site supports compliant storage and distribution of energy batteries and powered goods for Chinese exporters.

Qwen lands in Hongqi cars

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Jiemian News
Alibaba’s Qwen AI assistant will debut in Hongqi vehicle cockpits, with the Hongqi HS6 plug-in hybrid EV as the first model to feature the system. The deployment is described as the first full-form integration of a general-purpose AI assistant in an in-vehicle environment.

Manus co-founders barred from leaving China

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Financial Times
China has restricted two Manus co-founders from leaving the country as regulators review Meta's USD 2 billion acquisition for potential foreign investment violations. The executives were questioned by authorities, with no formal investigation or charges announced.

China chip share to hit 42% by 2028

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SCMP
China's share of global wafer fabrication capacity for mainstream chips is expected to reach 42% by 2028, up from 32% in 2025, according to SEMI China. Industry executives cited rising demand from agentic AI and advances in chip packaging as key growth drivers.

E-Power advances Vietnam expansion

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E-Power
E-Power, formerly Sunrise New Energy, said it reached a preliminary agreement with ATSC Solartech to establish localized production in Vietnam for battery anodes and microgrid solutions, targeting AI data center and energy storage demand. The plan includes meeting US export requirements and launching initial capacity this year.

China Mobile expands Hong Kong data push

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SCMP
China Mobile has invested nearly HKD 10 billion in Hong Kong and opened a new data center, bringing its total capacity in the city to over 13,000 server racks. It plans to expand submarine cables and integrate Hong Kong into China’s national computing network.

SpaceX prepares landmark IPO filing

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The Information
SpaceX is reportedly aiming to file its IPO prospectus as soon as this week or next, with advisers expecting a raise of more than USD 75 billion. The Elon Musk-led company has not confirmed the plans.

OpenAI to shut down Sora

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WSJ
OpenAI will shut down its Sora platform, discontinue developer tools, and remove video features from ChatGPT, CEO Sam Altman told staff. The company is reallocating compute and talent to productivity and coding tools as it streamlines its product lineup ahead of a potential IPO.

Pop Mart sets 2026 growth goal

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Wallstreet CN
Pop Mart reported 2025 revenue of RMB 37.1 billion, up 185% YoY, and net profit of RMB 12.8 billion, up 309%. It set a 2026 growth target of at least 20%, while outlining theme park expansion plans and a FIFA World Cup partnership featuring its Labubu IP.

ByteDance files Seedance trademarks

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Jiemian News
A ByteDance subsidiary has applied for multiple “Seedance” trademarks across categories including food, medical horticulture, and chemicals, with all applications pending review. The filings align with Seedance 2.0, its AI video generation model that creates clips from text or images, now in limited testing on the Dreamina platform.

Alibaba, Tencent ramp up AI spending

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Nikkei Asia
Alibaba, Tencent, ByteDance, and Baidu are projected to invest a combined USD 84 billion in AI infrastructure in 2027, up 60% from 2025, according to Goldman Sachs. Data centers and AI agents account for much of the planned outlays, as the companies expand capacity despite mounting pressure on margins from higher upfront costs.
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