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Meituan beats JD.com to acquire Dingdong Maicai’s China business

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China’s digital services surplus hits record

just now
Bloomberg
China’s digital services trade surplus more than doubled to a record USD 33 billion in 2025, data from the State Administration of Foreign Exchange showed, as companies including Alibaba, Tencent, and ByteDance accelerated overseas expansion in cloud computing, e-commerce, and AI.

EU flags TikTok over “addictive” design

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The Paper
The European Commission said on February 6 that TikTok’s “addictive” platform design breaches the EU’s Digital Services Act, citing risks from features such as autoplay and infinite scrolling, particularly for minors. TikTok rejected the preliminary findings and said it plans to contest them.

Sunwoda, Geely unit reach settlement

just now
Securities Times
Sunwoda said its subsidiary Sunwoda Power has reached a settlement with Geely-backed Weirui Electric over a battery quality dispute. Sunwoda will pay RMB 6.08 billion for costs incurred through the end of 2025 and share subsequent expenses, with payments to be made over a five-year period.

Mihoyo reports bribery cases

just now
IT Zhijia
Mihoyo said it has uncovered multiple cases of commercial bribery and misconduct through internal investigations, reaffirming its zero-tolerance policy. Several former employees have received prison sentences, others were dismissed, and all implicated suppliers have been permanently blacklisted, with some cases referred to police for further investigation.

Vivo plans DJI Pocket-style camera

just now
Jiemian News
Vivo has reportedly launched an internal project to develop a video camera device positioned against DJI’s Pocket series. The product has not been officially named and is expected to be released this year.

Changan launches sodium-ion EV strategy

just now
Securities Times
Changan Automobile said it has launched a global strategy to deploy sodium-ion batteries across its passenger EV brands, using supply from CATL. At the announcement on February 5, it showcased the first vehicle equipped with the batteries, which has completed cold weather testing in Inner Mongolia and met requirements for range, safety, and low-temperature performance.  

Xpeng GX targets Level 4 autonomy

just now
Cailian Press
Xpeng’s first large six-seat SUV, the GX, will be equipped with four Turing chips delivering 3,000 TOPS of local computing power to support Level 4 autonomous driving. The system is undergoing technical validation, with camouflaged test vehicles already spotted on public roads in Guangzhou.

Tencent tests WorkBuddy desktop agent

just now
Wallstreet CN
Tencent has begun an internal beta of WorkBuddy, an agentic desktop tool developed by Tencent Cloud’s CodeBuddy team. Designed for non-technical users, WorkBuddy executes tasks through authorized local files rather than full system access.

Pony.ai partners Moore Threads

just now
MarketWatch
Pony.ai has partnered with Moore Threads to explore the use of the latter’s GPUs for Level 4 autonomous driving, marking its first mass adoption of Chinese-made semiconductors for training and simulation. The move aligns with Beijing’s push to reduce reliance on US chips and signals Moore Threads’ entry into the autonomous driving sector.

Alibaba rolls out Qwen promotion

just now
Guancha
Alibaba launched a RMB 30 billion Lunar New Year promotion on its Qwen app on February 6, kicking off with free milk tea for users who place orders through the app’s AI interface. Users can claim a RMB 25 voucher redeemable across Alibaba platforms, with more than one million drinks claimed within three hours.

Wondershare invests in Shengshu

just now
Securities Times
Wondershare has invested an eight-figure RMB sum in Shengshu Technology, the company behind video generation platform Vidu, and entered a partnership focused on AI-generated animation and video. The collaboration centers on embedding large models into creative tools to enable scalable, production-grade content workflows.

Hesai taps Grab as Southeast Asia distributor

just now
Hesai
Hesai Technology has named Grab as the exclusive distributor of its LiDAR products in Southeast Asia. Grab will oversee sales, customer support, and marketing, providing LiDAR for applications including robotics and autonomous driving while securing supply for its own autonomous mobility and mapping businesses.

BYD outsells Tesla in Germany

just now
Bloomberg
BYD’s Germany sales jumped to 2,629 vehicles in January, up from 235 a year earlier, according to the Federal Motor Transport Authority. The total was more than double Tesla’s 1,301 registrations, extending BYD’s lead over the US automaker in Europe’s largest EV market.

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.
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