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Cambricon Technologies reported a 14-fold revenue surge to RMB 1.73 billion in the September quarter, swinging to a net profit of RMB 567 million from a loss a year earlier. The turnaround highlights how Chinese chipmakers are gaining from Beijing’s push to replace restricted <a href="/company/nvidia">Nvidia</a> processors amid an expansion in domestic <a href="/industry/ai">AI</a> development.

Weibo said it has suspended several automotive-focused influencers for spreading false or defamatory posts about companies, imposing 90-day bans and restricting ad revenue for six months. The action is part of a campaign by the Cyberspace Administration of China to curb online smear campaigns and protect business reputations.

Haier is reportedly weighing a Hong Kong IPO for its IoT unit, Cosmoplat, that could raise about USD 500 million, according to people familiar with the matter. The company is working with CICC and HSBC on the potential listing, which could take place in 2026.

<a href="/company/catl">CATL</a> reported a 41% jump in Q3 profit to RMB 18.5 billion, in line with analyst estimates. The Chinese battery maker maintained a 36.8% share of global EV battery capacity, according to SNE Research. The company is expanding in Europe with new production in Hungary amid slowing <a href="/industry/ev">EV</a> demand and rising geopolitical risks.

Qiandao, a collectibles platform, has denied involvement in a viral refund dispute in which a seller demanded a video of a parent slapping a child to approve a refund. The company said the messages came from a private transaction unrelated to its services and pledged to strengthen consumer safeguards and moderation.

<a href="/company/byd">BYD’s</a> Fangchengbao brand has launched a long-range edition of its Bao 5 SUV, introducing four models with an electric range of 210 kilometers and prices between RMB 269,800–329,800. The new lineup features the DMO+ platform, Huawei's Qiankun ADS 4 driver assistance system, and BYD’s DiSus-P suspension for enhanced comfort and control.

China’s generative <a href="/industry/ai">AI</a> user base more than doubled to 515 million in H1 2025, reaching an adoption rate of 36.5%, according to a report by the China Internet Network Information Center (CNNIC). More than 90% of respondents said they favored models developed by domestic firms including <a href="/company/deepseek">DeepSeek</a>, <a href="/company/alibaba">Alibaba</a>, and <a href="/company/bytedance">ByteDance</a>.

Nexperia has alleged that ousted CEO Zhang Xuezheng spread “falsehoods” claiming its China unit now operates independently, after a Dutch court suspended him and the Dutch government seized control of the company. The firm called the claims “factually incorrect,” further straining relations between China and the Netherlands over chip industry control.

<a href="/company/alibaba">Alibaba</a> said its new computing pooling system, Aegaeon, reduced the number of <a href="/company/nvidia">Nvidia</a> H20 GPUs needed to serve <a href="/industry/ai">AI</a> models by 82%, from 1,192 to 213, during tests on its Model Studio platform. The system reportedly enables a single GPU to support up to seven models and lowers latency by 97%.

Beijing-based Yunji Technology listed on October 18 on the Hong Kong Stock Exchange at an offer price of HKD 95.6. The stock surged on debut and extended its rally, closing at HKD 127.2 as of October 21. The robotics firm plans to expand globally and strengthen its supply chain through a partnership with Luxshare Precision.

Funds managed by KKR and Quadrantis Capital will acquire minority stakes of about 11.27% and 1.80% in Peak Reinsurance, while Fosun International will retain its 86.71% holding. Prudential Financial has exited its 13.07% stake. The transaction, pending regulatory approval, is expected to close in Q4 2025.

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With pared-down versions of the Model 3 and Model Y, Tesla is testing lower prices in markets where rivals such as BYD and Xiaomi are closing in.

Tesla unveils new budget cars to take aim at China’s EV challengers

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Pop Mart, a Chinese company, designs and sells toys, figurines, and collectibles, primarily in a blind box format.

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Surging gold prices are testing traditional jewelers’ pricing power while fueling new experiments in China’s gold market.

As gold prices soar, Pop Mart and Laopu Gold take opposite bets on sparkle

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Investors are reassessing de novo drug design as firms close major BD transactions.

Cambricon swings to profit on AI demand

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