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Dongchedi is weighing a Hong Kong IPO as soon as this year that could raise USD 1.0–1.5 billion, according to people familiar with the matter. The aut…

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Dongchedi is weighing a Hong Kong IPO as soon as this year that could raise USD 1.0–1.5 billion, according to people familiar with the matter. The automotive platform was spun off from <a href="/company/bytedance">ByteDance</a> in 2023 and raised about USD 600 million in 2024 at a valuation of nearly USD 3 billion.

Wuliangye said its chairman, Zeng Congqin, has been placed under investigation and subject to retention measures by Yibin authorities, according to a February 28 announcement. The spirits producer said other directors and senior executives remain in their roles, daily management is overseen by the executive team, and production and operations are proceeding normally.

Lynk &amp; Co has rolled out an over-the-air update for the Z20 <a href="/industry/ev">EV</a> after a driver reportedly turned off the headlights via voice command while driving at night on a highway and crashed. The company said it has optimized the system and now restricts headlight shutdown to manual control when the vehicle is in motion.

<a href="/company/xpeng">Xpeng’s</a> planned base for humanoid robot mass production has been filed as a key project in Guangzhou’s Tianhe district, where construction is set to begin. The facility will be located within a local industrial park. The company aims to start mass production of its Iron robot by the end of this year.

<a href="/company/nio">Nio</a> signed a cooperation agreement with Bosch in Beijing on February 25, covering its Nio, Onvo, and Firefly brands. The partnership focuses on smart <a href="/industry/ev">EV</a> core systems, including chassis-by-wire, battery management, braking, steering, drive systems, body electronics, and perception modules.

DHL and <a href="/company/jd">JD.com</a> have agreed to jointly develop cross-border logistics and <a href="/industry/e-commerce">e-commerce</a> solutions linking Europe and China. DHL will introduce German brands to JD, allowing direct sales to China’s consumers without a local entity, backed by integrated end-to-end fulfillment and B2C import tax incentives, while JD expands reach in Europe via Joybuy.

<a href="/company/bytedance">ByteDance</a> said it has received no formal vulnerability report or regulatory notice regarding alleged flaws in its Doubao mobile app, after online posts circulated a demo attack video. It said the exploit requires users to instruct the <a href="/industry/ai">AI</a> to access malicious emails or texts, and that it has upgraded security measures while reserving legal rights.

<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/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/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.

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Chinese companies fall back as Beijing denies loosening its anti-crypto stance.

Hong Kong's stablecoin drive nears quiet climax

Hong Kong&#8217;s stablecoin drive nears quiet climax

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Tencent, a Chinese tech conglomerate, invests in gaming, social media, and cloud services, supporting entertainment and connectivity worldwide.

How does interactive entertainment evolve? Assess gaming ecosystems, esports growth, and technology enhancing virtual play.

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The Chinese tech giant is reportedly allowing studios to tap its expertise while retaining creative independence.

Tencent harnesses M&A, AI to fast-track video game development

Tencent harnesses M&#038;A, AI to fast-track video game development

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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Dongchedi eyes Hong Kong IPO

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