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JD Property revives Hong Kong IPO plan as overseas portfolio grows

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Geely starts EX2 production in Indonesia

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Geely
Geely has launched the EX2 in Indonesia and confirmed the start of local production, marking a key step in its localization strategy. The EX2 is now assembled locally with 46.5% local content, becoming the third Geely model produced in the country as the automaker steps up its push into Southeast Asia’s EV market.

Robbyant releases LingBot-World model

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Ant Group
Ant Group subsidiary Robbyant has open-sourced LingBot-World, a real-time interactive world model for embodied intelligence and simulation. The company said the model supports millisecond-level interaction, nearly ten minutes of stable video generation, and benchmark performance comparable to Google’s Genie 3.

DeepSeek eyes AI agents, search

just now
Bloomberg
DeepSeek could be expanding its focus to AI-powered search and agent-based tools, media reports said, citing recent job postings from the Chinese AI startup. The company is hiring to build a multilingual, multimodal AI search engine and infrastructure to support persistent agents that can operate with minimal human input.

Hygon CPUs avoid AMD security flaw

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SCMP
Chinese chipmaker Hygon’s processors were found immune to a recently disclosed hardware vulnerability, known as StackWarp, that affected several generations of AMD processors. Analysts attributed the immunity to Hygon’s use of its self-developed CSV3 security technology rather than AMD’s SEV-SNP.

Notion completes USD 270 million tender

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Notion
Notion said it completed a private tender offer of about USD 270 million at an USD 11 billion valuation, with Sequoia Capital and Index Ventures increasing their commitments and GIC joining as a new investor. The transaction allowed current and former employees to sell shares.

CaoCao to raise HKD 383 million

just now
Jiemian News
Geely-backed CaoCao Mobility said it will raise about HKD 383 million by placing up to 12 million shares at HKD 32.46 each. Roughly two-thirds of the proceeds will go toward robotaxi development, with the rest allocated to enterprise services and working capital.

Tencent upgrades Sogou Input with AI

just now
Sina
Tencent said Sogou Input Method has rolled out its AI-focused 20.0 update, upgrading voice input, translation, and typing models. The company said the AI features now serve more than 100 million users, with daily voice input usage approaching two billion, reportedly the highest in the input method segment.

BYD, Kim Long to build EV battery plant

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Reuters
Vietnamese automaker Kim Long Motor said it will partner with China’s BYD to build a USD 130 million battery plant in central Vietnam. Kim Long will fund the project, while BYD will provide technical support, with production focused on commercial EV batteries before expanding to passenger EV batteries.

Kimi releases K2.5 open-source model

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Kimi
Moonshot AI’s Kimi has released K2.5, an open-source multimodal model trained on about 15 trillion text and visual tokens. The model introduces a self-directed agent swarm that can coordinate up to 100 sub-agents in parallel, boosting performance in coding, vision, and complex multi-step tasks.

Baidu AI Cloud targets 200% revenue growth

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21st Century Business Herald
Baidu AI Cloud has raised its 2026 AI-related revenue growth target to 200%, from 100%, according to people familiar with the matter. The move comes as Baidu pushes to lead the AI cloud market with a full-stack strategy spanning chips, cloud infrastructure, large models, and AI agents.

Baidu tests multi-agent group chat in Ernie

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The Paper
Baidu has begun a new round of beta testing for a multi-user, multi-agent group chat feature in its Ernie app. The system deploys multiple AI agents with distinct roles in a single chat to support coordination, decision-making, and task execution, extending the app beyond one-on-one AI interactions.

Ant subsidiary open-sources 3D vision model

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Sina
Robbyant, an embodied intelligence company and subsidiary of Ant Group, has open-sourced LingBot-Depth, a high-precision spatial perception model. Built on chip-level raw data from Orbbec’s Gemini 330 stereo 3D cameras, the model aims to improve depth sensing and 3D understanding for robots and autonomous vehicles.

Qwen clarifies humanlike AI calls

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Jiemian News
Alibaba’s Qwen said restaurant booking calls mistaken for human operators were made by its AI. The company said the system uses real-time emotion and intent recognition to produce natural-sounding speech, while call times were set to match typical restaurant business hours.

Tencent tests new social feature for Yuanbao

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Shanghai Observer
Tencent has begun beta testing Yuanbao Pai, a group social feature for its AI assistant Yuanbao. The feature supports AI-powered chat summaries, group activities, and collaborative content creation, extending Tencent’s AI applications from personal assistance to multi-user social scenarios.

JD.com adds glance-to-buy to Rokid glasses

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IT Zhijia
JD.com has launched JoyGlance on Rokid's smart glasses, enabling hands-free shopping via voice and gaze. With the new app, users can speak to search, look at an item for about one second, and pay by voice. The app runs on JD's JoyAI model and uses voice plus voiceprint authentication for payments.

Xiaomi SU7 outsells Tesla Model 3 in China

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SCMP
Xiaomi sold more units of its SU7 electric sedan than Tesla’s Model 3 in China last year, with 258,164 deliveries, about 30% higher than Tesla’s 200,361, according to data from the China Passenger Car Association. The milestone ends Tesla’s five-year reign atop the country’s premium EV market, though its Model Y still dominates the SUV segment.

BYD to boost global deliveries by 25%

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IT Zhijia
BYD said it plans to boost overseas vehicle sales to 1.3 million units in 2026, up about 25% from last year’s total. The automaker is expanding in Europe, Latin America, and Southeast Asia while ramping up local production in Thailand, Brazil, Uzbekistan, and Hungary to meet growing global demand.

Li Auto trims retail network amid slowdown

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Guancha
Li Auto is preparing to close some of its retail stores to improve operational efficiency, insiders said, after delivery volumes fell 19% in 2025. The automaker expanded its network from 206 to 548 outlets nationwide but faced weaker demand as new car models awaited upgrades.

Vivo halts smart glasses project

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36Kr
Vivo has halted its smart glasses project after months of joint development with partners including Goertek and ThunderSoft. Executives reportedly concluded the product lacked differentiation in a crowded market. The move highlights the broader challenges facing AI-powered eyewear, from hardware complexity to a thin software ecosystem.

GAC Aion, Didi launch R2 robotaxi

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GAC
GAC Aion and Didi have officially launched the R2 robotaxi, with the first units rolling off the line in Guangzhou and receiving road test permits. Equipped with 33 sensors and AI-driven safety redundancy, the vehicle is built for commercial deployment and paves the way for large-scale rollouts across Chinese cities.
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