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Baichuan founder and CEO Wang Xiaochuan said the company plans to pursue an IPO by 2027. He noted that while many AI firms benefit from policy and tec…

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Baichuan founder and CEO Wang Xiaochuan said the company plans to pursue an IPO by 2027. He noted that while many <a href="/industry/ai">AI</a> firms benefit from policy and technology tailwinds, their valuations have outpaced commercialization. Wang added that Baichuan’s long-term strategy, particularly in healthcare, remains centered on sustainable growth toward a public listing.

Longi Green Energy shares fell after the Chinese solar manufacturer warned of another annual loss in 2025, projecting a deficit of RMB 6.0–6.5 billion. The figure narrows from 2024’s RMB 8.6 billion loss, driven by continued cost pressures and weak panel prices. Analysts expect a gradual recovery from 2026 as competition and overcapacity ease.

EHang has appointed founding team member Shuai Feng as CTO, effective January 14. Feng, who helped develop core <a href="/industry/evtol">eVTOL</a> models such as the EH216-S and VT35, succeeds founder Huazhi Hu in leading the company’s technology strategy.

Global humanoid robot installations reached 16,000 units in 2025, with China accounting for over 80%. Shanghai-based <a href="/company/agibot">Agibot</a> led global OEMs with a 31% share, followed by Unitree, UBTech, Leju, and <a href="/company/tesla">Tesla</a>. Cumulative installations are projected to surpass 100,000 units by 2027, driven by demand from logistics, manufacturing, and automotive sectors.

WeRide said its global robotaxi fleet reached 1,023 vehicles as of January 12. With fully driverless operations already underway in Guangzhou, Beijing, and Abu Dhabi, the company said it aims to deploy tens of thousands of robotaxis worldwide by 2030.

Ford Motor is in talks with <a href="/company/byd">BYD</a> to supply batteries for hybrid vehicles, people familiar with the discussions said. The potential deal, still under negotiation, comes as Ford pivots from <a href="/industry/ev">EVs</a> toward hybrid cars and seeks new battery suppliers. BYD, one of China’s top automakers and battery producers, has been expanding its global capacity across Asia, Europe, and Brazil.

Robot Era and SF Technology have formed a partnership to develop and deploy embodied robots across logistics operations. By leveraging Robot Era’s ERA-42 model and its humanoid robots L7 and M7, the collaboration seeks to enhance automation flexibility, establish industry standards, and drive large-scale adoption of advanced robotics in supply chain management.

<a href="/company/alibaba">Alibaba</a> has integrated its Qwen app with Taobao, Alipay, Fliggy, and AutoNavi to enable more than 400 <a href="/industry/ai">AI</a>-powered services, letting users shop, make payments, book trips, and access government services through natural language commands. The company said the update marks Qwen’s transition from conversational AI to a task-oriented assistant.

GLM-Image is said to bethe first open-source, industrial-grade discrete auto-regressive image generation model, combining a nine-billion-parameter auto-regressive module with a seven-billion-parameter diffusion decoder. Developed by Z.ai (Zhipu AI) in partnership with <a href="/company/huawei">Huawei</a> and built on GLM-4-9B-0414 and CogView4, the model reportedly excels in text rendering, semantic accuracy, and complex image-to-image tasks.

<a href="/company/kuaishou">Kuaishou</a> said its video generation platform Kling AI generated over USD 20 million in revenue in December 2025, lifting its annualized run rate to USD 240 million. Achieved less than two years after launch, the milestone reflects growing adoption among creators and enterprise users in marketing, <a href="/industry/e-commerce">e-commerce</a>, and content production.

<a href="/company/alibaba">Alibaba’s</a> Qwen app has reportedly surpassed 100 million monthly active users just two months after launch, though the company has not confirmed the figure. Framed as an <a href="/industry/ai">AI</a> assistant that can both converse and complete tasks, Qwen marks Alibaba’s strategic shift toward the consumer AI market after years of focusing on enterprise solutions.

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HKEX saw a rush at year's end as 13 companies listed on the exchange in the final weeks of 2025.

Can Hong Kong's IPO market keep up the momentum in 2026?

Can Hong Kong&#8217;s IPO market keep up the momentum in 2026?

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Through its Apollo Go unit and local partner AutoGo, the company is rolling out commercial robotaxi operations in the UAE capital.

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