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OpenClaw becomes latest AI craze for China’s local governments

4 mins read

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Beingmate control may shift to state

just now
Jiemian News
Beingmate said its controlling shareholder has signed a restructuring agreement with a Jinhua state-backed investor, which could shift control from founder Xie Hong to Jinhua's state-owned assets regulator if approved. The deal includes RMB 856 million for equity and additional funding to address debt issues.

Pop Mart, Sony plan Labubu film

just now
Reuters
Pop Mart and Sony Pictures will develop a feature film based on Labubu, expanding the popular IP into entertainment. The live action and CGI hybrid is in early development, with Paul King attached to direct and co-write.

BYD to invest in Brazil R&D hub

just now
Nikkei Asia
BYD will invest BRL 300 million to build an EV R&D facility in Rio de Janeiro, with construction starting this year and opening planned for 2028. The site will include vehicle testing tracks and supports its expansion into South America.

GWM in talks on South Africa factory

just now
Reuters
Great Wall Motor (GWM) is weighing options to produce vehicles in South Africa, including contract assembly or acquiring an existing plant, and has held talks with Mercedes-Benz and Nissan, executives said. It is also assessing which models to localize for production and export.

Yuanbao posts 2025 revenue growth

just now
IPO Zaozhidao
Yuanbao, an online insurance provider, reported 2025 revenue rose 33.1% to RMB 4.37 billion with net profit of RMB 1.31 billion, as AI deployment scaled across its operations. Annual policy volume increased 36.7% to 30.66 million, supported by expanded use of AI models and agents.

COSCO flags impact on UAE port

just now
Nikkei Asia
COSCO Shipping Ports said its Abu Dhabi facility has been affected by the Iran conflict, with traffic disrupted since late February, though staff and assets remain safe. The disruption follows broader shipping impacts across the Middle East, including the Strait of Hormuz.

Tencent says US risk lower than TikTok

just now
Bloomberg
Tencent said it faces lower regulatory risk in the US than ByteDance's TikTok, with president Martin Lau calling the risks “controllable” amid a government probe into its data practices and overseas gaming investments.

Tencent plans AI agent for WeChat

just now
Nikkei Asia
Tencent is developing an AI agent for WeChat that can perform tasks such as shopping and ride-hailing, president Martin Lau said, with no rollout timeline disclosed. The move comes as the company steps up its AI push amid intensifying competition in China.

Kanzhun posts sharp profit rise

just now
Kanzhun
Kanzhun, a tech-driven recruitment platform operator, reported 2025 net income rose 71.7% to RMB 2.69 billion as revenue grew 12.4% to RMB 8.27 billion. Paid enterprise customers reached 6.8 million, and it plans to return at least 50% of adjusted net income to shareholders.

Alibaba, Baidu raise AI cloud prices

just now
SCMP
Alibaba Cloud and Baidu Cloud will raise prices for AI-related services by 5–34% starting April 18, alongside 30% increases for storage. The hikes follow similar moves by US peers and come as demand for computing power and infrastructure costs rise.

NetEase denies layoff rumor

just now
21st Century Business Herald
NetEase has refuted online claims that it plans to use AI to replace all outsourced staff, calling the information untrue. It said recent personnel changes are part of routine project adjustments and will not affect overall operations.

New AI model sparks DeepSeek buzz

just now
Reuters
An anonymous AI model called Hunter Alpha has surfaced on OpenRouter, driving speculation it may be DeepSeek’s next system. The model claims a scale of one trillion parameters and has processed over 160 billion tokens, though analysts said evidence linking it to DeepSeek remains inconclusive.

Meta’s Manus launches desktop app

just now
CNBC
Manus, recently acquired by Meta, has launched a desktop app that brings its AI agent platform onto personal computers, enabling direct access to local files and applications via a “My Computer” feature. The shift expands beyond its cloud-only model, with user approval required before actions are executed.

Nvidia wins China nod for H200 sales

just now
Reuters
Nvidia has secured Beijing's approval to sell its H200 AI chips in China, sources said, clearing a key barrier after months of delays despite US export licenses. CEO Jensen Huang said the company has received multiple orders, enabling production to resume in a market that once contributed 13% of revenue.

Yonghui exits Yunjin at steep discount

just now
Jiemian News
Yonghui Superstores will sell its remaining 28.095% stake in Yunjin Technology to Paihui Technology for RMB 80 million, after public listings at up to RMB 177 million drew no buyers. Yunjin’s net profit fell over 80% from 2023–2025, driving the discounted exit from financial services.

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.
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