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Tencent Holdings has appointed former OpenAI researcher Yao Shunyu as chief AI scientist, reporting to president Martin Lau. Yao will lead the company…

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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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<a href="/company/tencent">Tencent Holdings</a> has appointed former <a href="/company/openai">OpenAI</a> researcher Yao Shunyu as chief <a href="/industry/ai">AI</a> scientist, reporting to president Martin Lau. Yao will lead the company’s new AI infrastructure department and oversee R&amp;D of large models.

Roewe debuted its Jiayue vehicle series and the flagship Jiayue 07 concept car on April 22. Developed in partnership with Volcano Engine, the series features an "AI-native" technical architecture. The Jiayue 07 is positioned as a family-oriented model, emphasizing smart cabin features and vehicle-wide AI integration.

OnePlus will launch the Ace 6 Ultra on April 28. The device is powered by a MediaTek Dimensity 9500 processor, with a 165 Hz display and an 8,600 mAh battery. It also includes a proprietary touch-control chip and what the company describes as a console-grade gyroscope.

Orient Cable reported Q1 2026 net profit of RMB 372 million, up 32.26% YoY, on revenue of RMB 2.88 billion, a 34.28% increase. Growth was driven by large order deliveries, particularly in the marine equipment and engineering segment, where revenue rose 319.61%. As of April 21, total orders stood at RMB 18.41 billion.

Papergames will release the iOS version of <em>Infinity Nikki</em> on April 24 alongside its 2.5 update. The game requires an Apple Silicon chip and 140 gigabytes of storage, supports keyboard, mouse, and controller input, and includes cross-platform progress synchronization via a Papergames account. Intel-based Apple devices are not supported.

Executives from Gree Electric Appliances and Hisense are disputing the use of the "real copper" marketing slogan. The conflict reflects broader industry tensions driven by rising copper costs and a potential shift toward alternative materials, amid declining retail prices.

<a href="/company/douyin">Douyin</a> has launched a standalone group buying app, Doushengsheng, which reportedly reached 7.96 million daily active users and 22.42 million monthly active users within two months. The move aims to improve conversion rates and separate transaction-focused services from the main content-driven platform.

Zhongwang Fabric reported Q1 2026 net profit of RMB 13.69 million, down 40.43% YoY. Revenue totaled RMB 124 million, while net operating cash inflow fell 51.56% to RMB 16.20 million. Diluted earnings per share declined 42.86% to RMB 0.12.

Gas Blue Sky reported 2025 net profit of RMB 282 million, down 43.98% YoY. Revenue fell 14.71% to RMB 4.06 billion, and operating cash flow declined 27.32% to RMB 434 million.

<a href="/company/kuaishou">Kuaishou</a> said its <a href="/industry/e-commerce">e-commerce</a> arm will provide increased traffic support to merchants throughout 2026. The company reported more than 15% growth in daily active merchants in 2025 and a 26% increase in new merchant entries.

<a href="/company/miniso">Miniso</a> has selected Nest as its facilities management partner for over 300 stores in the US. Services will include HVAC, electrical, plumbing, and lighting maintenance.

Middle East

Badri said the Iran conflict has driven the opening of an alternative to the Strait of Hormuz, as the emirate freezes some taxes.

Dubai open for business, as economic head cites Oman "green corridor"

Dubai open for business, as economic head cites Oman &#8220;green corridor&#8221;

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What lies beyond familiar frontiers? Investigate emerging tech—like quantum computing and AI—transforming traditional sectors.

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Imports from Singapore and Malaysia hit record highs as Chinese players' earnings surge.

China snaps up US chip tools via Southeast Asia amid supply chain shift

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Former OpenAI researcher joins Tencent

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