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China’s digital services trade surplus more than doubled to a record USD 33 billion in 2025, data from the State Administration of Foreign Exchange sh…

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ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

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China’s digital services trade surplus more than doubled to a record USD 33 billion in 2025, data from the State Administration of Foreign Exchange showed, as companies including <a href="/company/alibaba">Alibaba</a>, <a href="/company/tencent">Tencent</a>, and <a href="/company/bytedance">ByteDance</a> accelerated overseas expansion in cloud computing, <a href="/industry/e-commerce">e-commerce</a>, and <a href="/industry/ai">AI</a>.

The European Commission said on February 6 that TikTok’s “addictive” platform design breaches the EU’s Digital Services Act, citing risks from features such as autoplay and infinite scrolling, particularly for minors. <a href="/company/tiktok">TikTok</a> rejected the preliminary findings and said it plans to contest them.

Sunwoda said its subsidiary Sunwoda Power has reached a settlement with <a href="/company/geely">Geely</a>-backed Weirui Electric over a battery quality dispute. Sunwoda will pay RMB 6.08 billion for costs incurred through the end of 2025 and share subsequent expenses, with payments to be made over a five-year period.

Mihoyo said it has uncovered multiple cases of commercial bribery and misconduct through internal investigations, reaffirming its zero-tolerance policy. Several former employees have received prison sentences, others were dismissed, and all implicated suppliers have been permanently blacklisted, with some cases referred to police for further investigation.

Vivo has reportedly launched an internal project to develop a video camera device positioned against <a href="/company/dji">DJI’s</a> Pocket series. The product has not been officially named and is expected to be released this year.

<a href="/company/changan-automobile">Changan Automobile</a> said it has launched a global strategy to deploy sodium-ion batteries across its passenger <a href="/industry/ev">EV</a> brands, using supply from <a href="/company/catl">CATL</a>. At the announcement on February 5, it showcased the first vehicle equipped with the batteries, which has completed cold weather testing in Inner Mongolia and met requirements for range, safety, and low-temperature performance.

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<a href="/company/xpeng">Xpeng’s</a> first large six-seat SUV, the GX, will be equipped with four Turing chips delivering 3,000 TOPS of local computing power to support Level 4 autonomous driving. The system is undergoing technical validation, with camouflaged test vehicles already spotted on public roads in Guangzhou.

<a href="/company/tencent">Tencent</a> has begun an internal beta of WorkBuddy, an agentic desktop tool developed by Tencent Cloud’s CodeBuddy team. Designed for non-technical users, WorkBuddy executes tasks through authorized local files rather than full system access.

<a href="/company/pony-ai">Pony.ai</a> has partnered with Moore Threads to explore the use of the latter’s GPUs for Level 4 autonomous driving, marking its first mass adoption of Chinese-made semiconductors for training and simulation. The move aligns with Beijing’s push to reduce reliance on US chips and signals Moore Threads’ entry into the autonomous driving sector.

<a href="/company/alibaba">Alibaba</a> launched a RMB 30 billion Lunar New Year promotion on its Qwen app on February 6, kicking off with free milk tea for users who place orders through the app’s <a href="/industry/ai">AI</a> interface. Users can claim a RMB 25 voucher redeemable across Alibaba platforms, with more than one million drinks claimed within three hours.

Wondershare has invested an eight-figure RMB sum in Shengshu Technology, the company behind video generation platform Vidu, and entered a partnership focused on <a href="/industry/ai">AI</a>-generated animation and video. The collaboration centers on embedding large models into creative tools to enable scalable, production-grade content workflows.

The Chinese company is seeking funds to expand into integrated home security solutions.

Baidu-backed smart lock maker Lockin applies for Hong Kong IPO

IPO Zaozhidao is a Chinese media outlet that provides timely coverage of IPO developments and related market signals.

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Indonesia's opaque stock market risks USD 60 billion outflow

Indonesia&#8217;s opaque stock market risks USD 60 billion outflow

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China's digital services surplus hits record

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Baidu-backed smart lock maker Lockin applies for Hong Kong IPO

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