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Shenzhen-based Leju Robotics has raised more than USD 200 million ahead of a planned listing, attracting investors including CITIC Goldstone Investment and Shenzhen Investment Holdings. The funds will support new robot development and production scaling as Leju deepens partnerships with <a href="/company/huawei">Huawei</a>, <a href="/company/alibaba">Alibaba</a>, Haier, and other firms.

Chinese drugmaker Innovent Biologics has signed a partnership with Japan’s Takeda Pharmaceutical worth up to USD 11.4 billion to co-develop and commercialize two cancer therapies. The deal includes USD 1.2 billion upfront, as much as USD 10.2 billion in milestone payments, and a USD 100 million equity investment.

<a href="/company/baidu">Baidu’s</a> Apollo Go has partnered with Swiss transport operator PostBus to launch AmiGo, an autonomous ride-hailing service in Switzerland’s eastern cantons. Trial runs are set to begin in December 2025 using Baidu’s Level 4 RT6 <a href="/industry/ev">EVs</a>, with fully driverless operations targeted for early 2027. The partnership marks Apollo Go’s European debut and supports Switzerland’s smart mobility goals.

Beijing-based Shengshu Technology has unveiled Vidu Q2, a video generation model designed to rival <a href="/company/openai">OpenAI’s</a> Sora. The system enables users to create realistic, controllable clips by merging up to seven reference images into coherent scenes. Available globally, the model supports multiple video formats as Shengshu expands its multimodal <a href="/industry/ai">AI</a> portfolio.

Unitree Robotics has launched an education platform that trains students to operate, maintain, and develop its Go2 quadruped robots. The in-person program combines simulation, hands-on training, and competition to build <a href="/industry/robotics">robotics</a> skills and expand the talent pipeline, aligning with China’s push to accelerate <a href="/industry/ai">AI</a> and robotics education nationwide.

Chinese turbine maker Ming Yang Smart Energy Group plans to build the world’s largest floating wind turbine: a 50-megawatt, dual-rotor model nearly twice the size of current designs. Mass production is slated to begin next year in Guangdong, with costs targeted at below RMB 10,000 per kilowatt.

Manus and Heicoders Academy have launched what they say is Singapore’s first hands-on course in building and deploying <a href="/industry/ai">AI</a> agents. The six-week program incorporates Manus’ platform into Heicoders’ curriculum to train professionals in agent design, planning, and automation. Graduates earn a local certification and complete applied projects aligned with Singapore’s AI readiness goals.

<a href="/company/sea-group">Sea</a> founder Forrest Li reportedly told staff the company could reach USD 1 trillion in valuation as it accelerates its use of <a href="/industry/ai">AI</a>. In a memo marking Sea’s eighth year as a listed firm, Li compared AI’s rise to earlier tech revolutions but cautioned that success will demand discipline and precise execution. His remarks come as Sea expands across Southeast Asia and Brazil.

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.

BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

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The battle for market share heats up as demand slumps on reduced incentives.

Tesla, Hyundai, Nissan offer cheaper EVs as China price war goes global

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The game has generated nearly RMB 40 million in revenue since launch but has yet to turn a profit.

Road to Empress tops one million sales, revives China’s interactive film genre

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With profits elusive and over 90% of its revenue coming from a single client, Seyond is turning to a public listing to stay competitive.

Leju Robotics raises USD 200 million ahead of IPO

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