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As its first RMB fund nears expiration, Borchid Capital sold its remaining 0.89% stake in Pop Mart for HKD 2.27 billion across three block trades. The…

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As its first RMB fund nears expiration, Borchid Capital sold its remaining 0.89% stake in <a href="/company/pop-mart">Pop Mart</a> for HKD 2.27 billion across three block trades. The firm had backed the company since 2010 and joined multiple funding rounds ahead of its 2020 IPO.

Senfeng Laser has submitted its Beijing Stock Exchange IPO registration after passing its listing review in August. Overseas sales accounted for 74.88% of 2025 revenue. Founders Li Fengxi and Li Lei could face a share repurchase obligation of about RMB 146 million if specified listing conditions are not met.

S-Game said <em>Phantom Blade Zero</em> will launch on October 29 for PS5 and PC. The action RPG game has surpassed three million wishlists across all platforms. Preorders are open, with the standard digital edition priced at RMB 268 and the deluxe edition at RMB 328 in China.

<a href="/company/xpeng">Xpeng</a> CEO He Xiaopeng said the company expects its robots to make significant capability gains beginning in Q4 2026 and continuing into H1 2027. He said robot development is about 20 times more difficult than building cars because of challenges spanning hardware, software, design, and supply chains. Xpeng has begun gradually ramping robot production.

Z.ai deployed GLM-5.3-Flash across a cluster of more than 100,000 domestic AI accelerators in about two weeks. An infrastructure agent powered by GLM-5.3 helped optimize the inference system, increasing end-to-end throughput by 3.2 times. Z.ai described the work as an early step toward AI systems helping optimize their own infrastructure.

Manus is reportedly seeking USD 500 million in new funding at a valuation of about USD 4 billion, twice its previous valuation. Talks remain ongoing and the terms could still change.

<a href="/company/byd">BYD</a> has begun large-scale production of its self-developed Xuanji A3 intelligent driving chip. The automotive-grade chip uses a four-nanometer process, and BYD board secretary Li Qian said the company will continue investing in semiconductor design and manufacturing as vehicle intelligence becomes more important.

ByteDance spinoff Anew Labs raised USD 290 million in its first external funding round, valuing the AI drug discovery company at about USD 1.5 billion. Investors include HSG, GL Ventures, IDG Capital, 5Y Capital, and Gaorong Ventures, while ByteDance retained a 56% stake.

Li Auto launched the six-seat i9 Home electric SUV at RMB 369,800. The flagship model has a 101-kilowatt-hour battery, a 705-kilometer CLTC range, and dual-motor all-wheel drive. It is the first flagship car model built on Li Auto’s second-generation pure electric platform and includes rear-wheel steering and four "zero-gravity" seats.

China has developed a weather forecasting model capable of producing forecasts up to ten days ahead at a five-kilometer resolution. The model runs on Sugon 8000, a computing system built with about 100,000 domestically produced <a href="/industry/ai">AI</a> accelerators.

Nubia launched the NaviX Ultra on September 16, bringing the consumer version of the Doubao mobile assistant to a mass market smartphone. The phone starts at RMB 5,999, or RMB 5,499 after government subsidies, and uses Qualcomm’s fifth-generation Snapdragon 8 Elite platform. Its AI features include voice interaction, cross-app task execution, and personalized memory.

The Hyrox controversy exposes governance systems that have not kept pace with the fitness race’s expansion.

Hyrox apologizes: How did the middle class’ favorite fitness race get here?

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Tesla and the Musks &#8220;Chinamaxx&#8221; as rumors swirl over EV maker&#8217;s plans

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Li Auto develops electric vehicles that combine smart cockpit systems, advanced safety features, and long-distance battery support.

What powers digital devices? Delve into chip design, manufacturing bottlenecks, and semiconductor breakthroughs fueling global electronics.

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The automaker is opening its chips, silicon carbide modules, and range extenders to third parties as it seeks new revenue sources.

Pop Mart early backer sells entire stake

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