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Huawei has unveiled the Mate 80 Pro, FreeBuds Pro 5, and GT Runner 2 smartwatch in Madrid ahead of MWC, expanding its Europe push. The smartphone runs…

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Margin pressure in the smartphone market is one factor behind the move, but not the only one.

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<a href="/company/huawei">Huawei</a> has unveiled the Mate 80 Pro, FreeBuds Pro 5, and GT Runner 2 smartwatch in Madrid ahead of MWC, expanding its Europe push. The smartphone runs on its Kirin 9030 Pro chip. Huawei held 4% of global smartphone shipments in 2025, while smartwatch share reached about 17%, with over 30% YoY growth.

<a href="/company/catl">CATL</a> and BMW have signed an MoU to advance battery passport pilots, cross-border data transfer, and carbon footprint accounting across the power battery supply chain. The collaboration will use the Catena-X data ecosystem to align technical standards and support decarbonization, expanding a partnership that began in 2012.

CIMB Group and Ant International have signed an MoU to develop blockchain-based cross-border payments and treasury solutions for businesses in Malaysia. The partnership will integrate Ant’s Alipay+, Antom, and Bettr platforms to enhance capital efficiency, transparency, and liquidity management, subject to regulatory approvals.

<a href="/company/nio">Nio's</a> chip subsidiary Shenji has raised over RMB 2.2 billion in its inaugural funding round, reaching a post-money valuation near RMB 10 billion. The unit's automotive-grade NX9031 chip has reportedly shipped more than 150,000 units and is installed across Nio vehicles, with next-generation chips in development.

<a href="/company/bytedance">ByteDance’s</a> Doubao recorded the strongest user growth over Lunar New Year, ahead of <a href="/company/tencent">Tencent’s</a> Yuanbao, as tech firms spent over RMB 8 billion on "red envelope" incentives. China's top four chatbots now account for more than 70% of the country's market, while platforms reported record interactions and user milestones during the holiday.

<a href="/company/meituan">Meituan</a> has applied to register three "Pinhaofang" trademarks across categories including financial property management and lodging, with filings dated February 2 and pending review. The move follows Meituan’s 2024 expansion into rental services and its rider apartment program offering subsidized housing.

Trip.com Group co-founder Min Fan has resigned as director and president, while co-founder Qi Ji has stepped down as director. The company has appointed May Yihong Wu and Iris Yang Xiao as independent directors, refreshing its board as it oversees strategy and future risks.

StepFun is considering a Hong Kong IPO that could raise about USD 500 million, according to people familiar with the matter. The Shanghai-based LLM developer has held talks with prospective advisers and could list as soon as this year. The company recently raised over RMB 5 billion. Listing details remain under deliberation and are subject to change.

MiniMax has upgraded its Expert feature to version 2.0, enabling users to create specialized <a href="/industry/ai">AI</a> agents through natural language while automating SOP design and tool configuration. The company also launched MaxClaw, a cloud-based OpenClaw assistant with built-in tools, IM integrations, and plans for creator pricing and revenue sharing.

<a href="/company/baidu">Baidu’s</a> shares have slid nearly 20% over the past month, erasing about USD 11 billion in market value, as investors await earnings and seek clearer returns from its <a href="/industry/ai">AI</a> investments. Analysts expect December-quarter revenue and profit to fall YoY amid advertising weakness, while options traders are pricing in a post-results swing of about 5.7%.

Chinese <a href="/industry/ev">EV</a> makers including <a href="/company/byd">BYD</a> and SAIC’s MG have raised prices in Thailand after subsidies of up to THB 150,000 per vehicle were phased out. BYD’s Dolphin now starts at THB 599,900, up 33% from its 2025 low, as automakers adjust pricing in Southeast Asia’s largest EV market following incentive-driven growth.

JD.com, a Chinese e-commerce leader, ensures trusted transactions, efficient logistics, and a wide product selection for online shoppers.

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Backed by a robust ecosystem and amid accelerating overseas expansion, JD Property’s valuation case may be due for a reset.

Can JD Property’s overseas push reshape its IPO valuation story?

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

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See it as an AI company, not a search engine, Baidu urged investors.

Baidu Q4 results show legacy declines offset by AI growth

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The company argues the OTA model remains defensible, even as agentic AI could reshape how travelers plan and book trips.

Huawei steps up Europe device push

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Can JD Property’s overseas push reshape its IPO valuation story?

Baidu Q4 results show legacy declines offset by AI growth

Trip.com margins narrow in Q4 as it steps up global expansion