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LingGuang, Ant Group’s multimodal AI assistant, exceeded one million downloads four days after its November 18 launch . The tool interprets language, …

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Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

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The launch comes as Alibaba consolidates its model lineup under a single brand.

Alibaba’s Qwen app marks its latest bid to unify AI efforts and challenge ChatGPT

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The Shenzhen-based startup’s first product is an exploration camera inspired by the “One Hundred Thousand Whys” encyclopedia series.

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LingGuang, <a href="/company/ant-group">Ant Group’s</a> multimodal <a href="/industry/ai">AI</a> assistant, exceeded one million downloads four days after its November 18 launch . The tool interprets language, images, audio, and data to produce 3D models, animations, interactive maps, and flash programs, using a modular design that streamlines information access and task processing.

<a href="/company/xiaomi">Xiaomi</a> has open-sourced MiMo-Embodied, a vision-language model that spans embodied <a href="/industry/ai">AI</a> and autonomous driving and has shown strong benchmark performance across planning and perception tasks. The launch follows recent AI-focused hires and comes as Xiaomi scales <a href="/industry/ev">EV</a> production and reports rising revenue and profit from newer businesses.

Sanzitang, a Chinese eye makeup brand that went viral on <a href="/company/douyin">Douyin</a>, has entered Sephora with five products priced at RMB 49.9–59.9, though some online listings run as low as RMB 29.9. Its “two-prong” eyebrow pencil has sold more than 1.6 million units on Douyin and 4.6 million across platforms. Sephora said it will continue partnering with similar brands to broaden its assortment.

Moonshot AI is in talks with investors including IDG Capital and <a href="/company/tencent">Tencent</a> on a funding round that could raise a nine-figure USD sum at a valuation of about USD 4 billion. The firm aims to close the deal by year’s end and has denied giving investors any IPO timeline. Moonshot is also expanding its Kimi model lineup with new open-source releases.

Canva COO Cliff Obrecht said an IPO is “probably imminent in the next couple of years,” following the acquisition and free launch of the Affinity design suite to broaden its reach among professional users. Affinity has drawn about two million downloads in two weeks, adding to Canva’s reported eight years of profitability, USD 3.5 billion in annualized revenue, and 260 million users.

US officials are weighing whether to allow <a href="/company/nvidia">Nvidia</a> to export its H200 chips to China, a potential shift in semiconductor controls that remain central to national security policy. No decision has been made. The debate follows Nvidia’s lobbying and comes as China encourages firms to adopt domestic processors while opposing US curbs on advanced chips.

<a href="/company/huawei">Huawei</a> has launched Flex:ai, an open-source orchestration tool built on Kubernetes that it says can boost <a href="/industry/ai">AI</a> processor utilization by about 30%. The system slices GPUs and NPUs into virtual units and reallocates idle compute across clusters. Huawei presented the release as part of its push to strengthen domestic AI capabilities through software-driven efficiency gains.

<a href="/company/tencent">Tencent</a> has finalized its EUR 1.16 billion investment in Ubisoft’s Vantage Studios for a 26.32% stake at a EUR 3.8 billion valuation. Ubisoft retains full control under terms that restrict Tencent from selling for five years and require Ubisoft to maintain majority ownership for at least two. Change-of-control provisions govern future buybacks or forced sales.

Trip.com Group reported Q3 2025 revenue of RMB 18.3 billion, up 16% YoY, while net profit reached RMB 19.9 billion on gains from investment disposals rather than core operations. Hotel bookings contributed RMB 8 billion as operators facing fragmented competition and mobile-first demand relied more heavily on online travel agencies.

<a href="/company/gac">GAC</a> and <a href="/company/huawei">Huawei</a> have launched Qijing, a high-end <a href="/industry/ev">EV</a> brand offering cars priced above RMB 300,000 and jointly defined from design through launch using Huawei’s development systems. The first model, due in June next year, targets younger buyers focused on design and driving performance, giving GAC a new entry into the premium segment as it restructures after recent losses.

<a href="/company/catl">CATL</a> co-founder Huang Shilin has sold a 1% stake for RMB 1.7 billion, transferring 45.6 million A shares to 16 investors at a small discount to the market price. He retains more than 9% of the company, whose shares have rallied on technology advances and overseas growth as CATL delivered 297.2 GWh of <a href="/industry/ev">EV</a> batteries in the first nine months.

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The Disney sequel is the latest litmus test of whether imported films can halt their decline in China.

Zootopia 2 lands in China as Hollywood’s biggest test of the year

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Underestimating Xiaomi’s rise was among the missteps highlighted at Li Auto’s latest strategy meeting.

Li Auto enters crisis mode as sales falter and rivals pull ahead

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Geely, a Chinese automaker, integrates advanced engineering, EV tech, and international brand acquisitions to expand its global footprint.

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Geely’s corporate venture capital arm led Robot Era’s latest funding round.

Ant's LingGuang tops one million downloads

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