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Z.ai said annual recurring revenue from its AI development tools has surpassed RMB 100 million, driven by a tenfold rise in usage following the launch…

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Z.ai said annual recurring revenue from its <a href="/industry/ai">AI</a> development tools has surpassed RMB 100 million, driven by a tenfold rise in usage following the launch of its GLM-4.5 model. The company reported USD 42 million in 2024 revenue and now serves more than 2.7 million paying API users. Backed by major Chinese investors, it is preparing for a potential IPO while expanding its product lineup and adapting its models to domestic chips.

China’s PC market grew 2% YoY to 11.3 million units in Q3 2025, with desktops up 8% on commercial demand and notebooks flat at 8 million. Tablet shipments rose 9% to 8.8 million. PC shipments are expected to reach 41.5 million units in 2025 before a slight decline in 2026.

China exported 828,000 vehicles in October, up 9.5% MoM and 41.6% YoY, with export value rising to USD 14.31 billion. From January to October, shipments reached 6.513 million units, up 23.2% YoY, and export value increased 13.4% to USD 111.44 billion.

<a href="/company/goto">GoTo’s</a> nomination of Hans Patuwo as CEO marks a shift that analysts said strengthens expectations of a possible merger with <a href="/company/grab">Grab</a>. Indonesia has confirmed that ministries and sovereign fund Danantara are involved in the talks. A merger could create an operator controlling about 85% of the ride-hailing market, raising risks for drivers and competition.

China National Uranium raised RMB 4.43 billion in its Shenzhen IPO, with shares opening about 247% above the offer price. The CNNC-backed miner plans to expand uranium production in Inner Mongolia and Xinjiang and reported RMB 13.76 billion in revenue for the first nine months, up 23% YoY. Its prospectus forecasts full-year revenue of RMB 19.5–20.0 billion and net profit of RMB 1.60–1.65 billion.

Ireland’s media regulator has opened investigations into <a href="/company/tiktok">TikTok</a> and LinkedIn to determine whether their reporting tools comply with EU rules requiring clear, accessible methods for flagging suspected illegal content. The move follows a recent probe into X, and violations can draw fines of up to 6% of a company’s annual global sales.

<a href="/company/openai">OpenAI</a> is preparing to release “Garlic,” an updated model that addresses structural issues from its "Shallotpeat" project and targets large model knowledge within a smaller architecture. Internal tests show Garlic outperforming Gemini 3 and Anthropic Opus 4.5 in coding and reasoning, with a launch expected as GPT-5.2 or GPT-5.5 early next year.

<a href="/company/xpeng">Xpeng</a> and <a href="/company/huawei">Huawei</a> have unveiled DriveOne, a high-voltage oil-cooled generator that debuts in the "super range extender" version of the Xpeng X9 MPV. The system delivers 1.88 kW/kg continuous power density, at least 92% efficiency, and up to 85 kW of output when paired with a 1.5T extender.

Klook plans to pursue a US listing early next year, people familiar with the matter said, after delaying its US IPO amid weaker market sentiment and recent underperforming debuts from peers. The company filed in November and may seek USD 300–500 million, with proceeds designated for acquisitions, investments, and operating needs.

<a href="/company/catl">CATL</a> said at a joint event with <a href="/company/gac">GAC</a> and <a href="/company/jd">JD.com</a> that all 1,000 battery swap stations it built this year will be powered and operational before the Lunar New Year, with 2026 planning already underway. The company is expanding toward B2C services, offering flexible swap packages and targeting 10,000–20,000 stations by 2030, with a long-term goal of 30,000 sites.

<a href="/company/jd">JD.com</a> has rolled out a digital human live streaming service to all merchants for free, offering customizable avatars, automated script generation, and real-time interaction. The company said the tools support round-the-clock operations with access to platform traffic and are already used by more than 45,000 brands, adding that usage can raise average conversion rates by up to 30%.

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Deals in brief: SynaXG raises over USD 20 million, CapitaLand acquires LXA Capital, new China investments, and more

Didi invests in Anywit Robotics to push lifelike human-robot interaction

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