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Chinese GPU maker Moore Threads has won approval for an IPO on Shanghai’s STAR Market, less than three months after filing. Founded in 2020 by former …

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Chinese GPU maker Moore Threads has won approval for an IPO on Shanghai’s STAR Market, less than three months after filing. Founded in 2020 by former <a href="/company/nvidia">Nvidia</a> executive Zhang Jianzong, the Beijing-based company plans to raise RMB 8 billion to fund <a href="/industry/ai">AI</a> chip R&amp;D. Blacklisted by the US in 2023, Moore Threads is part of China’s broader effort to bolster semiconductor self-sufficiency.

<a href="/company/oppo">Oppo</a> has begun developing handheld imaging devices, following Vivo’s entry into the segment last year. The two phone makers are targeting action and panoramic cameras, markets led by GoPro, <a href="/company/dji">DJI</a>, and Insta360. Analysts say their extensive imaging teams, shared supply chains, and the sector’s high margins make the market a potential new growth path.

<a href="/company/huawei">Huawei</a> said HarmonyOS 5 devices have surpassed 20 million, doubling in two months as new models including the Mate 80, Nova Flip S, and Mate X7 drove adoption. Executive Richard Yu projected 60 million units by the end of 2025 and up to 100 million by early 2026. The milestone comes as Huawei expands HarmonyOS across smartphones, PCs, wearables, and in-car systems.

BeyonCa, a Chinese premium <a href="/industry/ev">EV</a> startup backed by Renault, plans to unveil its first production model, the Grand Tourer, by late October, people familiar with the matter said. Assembled at HKSTP's Tai Po site, it will be the city’s first locally built car. Priced from USD 100,000, the model is aimed at buyers in Europe and the Middle East.

<a href="/company/byd">BYD</a> has sold just 5,300 <a href="/industry/ev">EVs</a> in Japan since early 2023 despite opening 45 outlets and expanding its lineup. The Chinese automaker is now offering discounts of up to JPY 1 million to spur demand. Analysts say strong loyalty to domestic brands like Toyota and slow EV adoption make Japan a challenging market even as BYD grows overseas.

<a href="/company/bytedance">ByteDance</a> could keep about half of TikTok US profits under a proposed sale, people familiar with the matter said, by charging a licensing fee for its algorithm and retaining a minority equity stake. A US-led consortium including Oracle and Silver Lake is expected to hold 80%. The structure may explain why President Donald Trump has cited a USD 14 billion valuation, far below analyst estimates of USD 35–40 billion.

Top Toy, <a href="/company/miniso">Miniso’s</a> trendy toy brand, has filed its prospectus with the Hong Kong Stock Exchange, moving closer to a spinoff listing. The company raised USD 59.4 million in Series A financing led by Temasek in July at a USD 1.3 billion valuation. It reported RMB 1.9 billion in revenue and RMB 294 million in profit for 2024, followed by RMB 1.36 billion in revenue and RMB 180 million in net profit in H1 2025.

<a href="/company/xiaomi">Xiaomi</a> is planning a new high-end smartphone chip but won’t adopt Apple’s yearly release model, vice president Xu Fei said. The company shipped one million units of the Xring O1, and estimates it will need ten million per release to break even over the next decade. While pursuing tighter integration with its HyperOS and AI suite, Xiaomi will keep sourcing chips from Qualcomm and MediaTek.

Universal Studios Singapore has opened a haunted house based on China Literature’s fantasy web novel "The Unruly Immortals," marking the first time a Chinese literary IP is featured at the park. Running through November 1 as part of "Halloween Horror Nights," the attraction adapts Foxtail Pen’s 2023 hit into an immersive experience, underscoring China Literature’s push to expand its properties worldwide.

Chinese media groups including <a href="/company/tencent">Tencent</a>, iQiyi, and TVB are expanding use of <a href="/industry/ai">AI</a>-generated content. iQiyi has launched an “AI theater” with Oscar-winning cinematographer Peter Pau, Tencent is hosting an "AI short film competition," and TVB has released Hong Kong’s first miniseries featuring AI-generated characters. Analysts expect China’s AI video systems to generate up to USD 1 billion in annual revenue by 2025.

<a href="/company/pony-ai">Pony.ai</a>, valued at more than USD 7 billion since its Nasdaq debut, plans to deploy over 1,000 robotaxis this year and 10,000 within three years, CEO James Peng said. The company is partnering with firms including Toyota and Uber while pursuing global markets from China to the Middle East, but continues to face US scrutiny over Chinese ownership, which Peng has denied.

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The so-called BYD of motorbikes will offer vehicles with a range of 60 kilometers at prices 30% lower.

China's Yadea to take on Honda in Japanese two-wheeler market

China&#8217;s Yadea to take on Honda in Japanese two-wheeler market

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