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Hong Kong-based RedotPay is considering a US IPO that could raise more than USD 1 billion at a valuation above USD 4 billion, according to people fami…

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Cheng Zi is based in China, covering technology- and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

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Hong Kong-based RedotPay is considering a US IPO that could raise more than USD 1 billion at a valuation above USD 4 billion, according to people familiar with the matter. The stablecoin payments firm is working with JPMorgan, Goldman Sachs, and Jefferies on a potential New York listing this year. It raised USD 194 million in 2025 and had over 6 million users as of November 2025.

<a href="/company/dji">DJI</a> has filed a petition with a US federal court of appeals challenging the Federal Communications Commission (FCC)’s December decision to bar imports and approvals of its new drone models and critical components. The order, which also applies to Autel, allows sales of existing products but blocks new offerings from entering the US market.

Vivo has appointed executive vice president and COO Hu Baishan as president, with CEO Shen Wei stepping down from the role, according to an internal notice. Hu will continue serving as COO and report to Shen. He has overseen product development, R&amp;D, supply chain, and overseas expansion, and recently led the launch of Vivo’s robotics lab.

Z.ai, also known as Zhipu AI, apologized over changes to its GLM Coding Plan, citing limited transparency, a slow GLM-5 rollout, and flawed upgrade design after traffic exceeded expectations. It has opened access in stages, with Max users receiving full access first, Pro users facing possible peak limits, and Lite users rolling out gradually. Affected Pro and Lite users can apply for refunds.

Honor will unveil its first humanoid robot at MWC 2026 in Barcelona, targeting consumer scenarios such as shopping assistance. Company sources said it would be the first smartphone maker to launch a humanoid robot, expanding its <a href="/industry/ai">AI</a> device strategy as it continues preparations for a potential IPO.

<p data-start="1954" data-end="2359" data-is-last-node="" data-is-only-node="">Moore Threads said its MTT S5000 <a href="/industry/ai">AI</a> training and inference GPU has completed system-level adaptation and deep optimization with 51World's SimOne 4.0 autonomous driving simulation platform. The integration links chip, simulation engine, and application layers into a unified hardware-software stack for smart driving development.</p>

<a href="/company/xpeng">Xpeng</a> CEO He Xiaopeng said the company delivered 429,445 vehicles in 2025, up 126% YoY, and will roll out its second-generation VLA driver assistance system this quarter, with Volkswagen as its first customer. In 2026, it plans to mass produce robotaxis, humanoid robots, and flying cars, double overseas sales, and hire 8,000 staff globally.

Black Sesame Technologies said its Huashan A2000 assisted driving chip has secured its first public mass production design win with a leading Chinese automaker, in partnership with AICC. The solution supports Level 2 to Level 3 functions, including highway and urban navigation, and assisted parking, with the first production models expected in 2026.

<a href="/company/ant-group">Ant Group</a> said Alipay's AI Pay exceeded 100 million users on February 23 after processing more than 120 million transactions in the week of February 5–11, marking the first <a href="/industry/ai">AI</a>-native payment product to reach that scale. Its AI-driven health app AQ also crossed 100 million users, with holiday downloads topping China’s app store chart and 52% of new users from lower-tier cities.

DBS Group has entered a three-year partnership with Granite Asia to offer investment products to its wealth clients and financing support to Asian growth companies. The tie-up begins with the close of a USD 110 million <a href="/industry/ai">AI</a>-focused IPO fund, managed by Granite Asia and distributed exclusively to DBS clients.

With gold surpassing USD 5,000 per troy ounce, Chinese consumers are turning fandom into investment, buying character-themed gold jewelry such as Hello Kitty and Chiikawa pieces as both collectibles and stores of value. Gold ownership among those aged 18–24 reached 62% in 2025, while the central bank extended its gold purchases to a 15th consecutive month.

Huawei, a global telecom and smartphone vendor, delivers networking equipment, 5G solutions, and consumer devices integrating cutting-edge tech.

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The disclosure comes as Huawei regains the top spot on a full-year basis in mainland China’s smartphone market.

Huawei nears record revenue amid ongoing US export controls

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Founder Wang Xingxing reflects on deploying robots at the Lunar New Year gala and outlines Unitree’s next steps.

After this year’s gala spectacle, where is Unitree Robotics headed?

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RedotPay eyes US IPO

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Huawei nears record revenue amid ongoing US export controls

After this year’s gala spectacle, where is Unitree Robotics headed?

Deals in brief: Eezee and Diaflow raise funding, VentureTech backs two Malaysian firms, DBS launches AI-focused IPO fund with Granite Asia, and more