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Tengli Transmission, a Chinese automotive transmission systems maker, has updated its IPO filing amid concerns over rising receivables, heavy reliance on key customers, and transactions tied to related parties. Dividend payouts alongside plans to raise funds for liquidity have also drawn scrutiny.

<a href="/company/gac">GAC</a> and <a href="/company/huawei">Huawei</a> have launched Aistaland, a new joint automotive brand integrating Huawei's smart driving technology. Its first model, the GT7, is expected to launch in June with LiDAR, assisted driving, and HarmonyOS cockpit features.

<a href="https://kr-asia.com/chinas-humanoid-robot-makers-ramp-up-production-despite-tech-hurdles">Oppo</a> has launched the Find N6 foldable smartphone, introducing improved hinge technology to minimize screen creasing. Prices start at RMB 9,999, up RMB 1,000 from the prior model as rising memory costs push handset prices higher.

<a href="/company/huawei">Huawei</a> has launched <a href="/industry/ai">AI</a> data infrastructure for inference, including a data platform and the FusionCube A1000 system. The platform reportedly improves agent accuracy by 30%, while reducing deployment time by 80% and increasing compute utilization by 30%.

Shares of Bright Smart Securities surged as much as 82% after the company said <a href="/company/ant-group">Ant Group's</a> acquisition is set to close on March 30. The HKD 2.81 billion deal will give Ant a controlling stake in the Hong Kong brokerage.

Chinese regulators are discouraging firms incorporated outside China from listing in Hong Kong and have asked some to restructure, according to people familiar with the matter. Authorities are said to be pushing mainland incorporation to strengthen oversight and address compliance and capital flow risks.

Petrobras has exercised its right to acquire Malaysia’s Petronas’ 50% stake in two offshore fields in Brazil’s Campos Basin for about USD 450 million, gaining full control of assets producing roughly 55,000 barrels per day.

CaoCao Mobility has deployed more than 3,600 robotaxi pickup and dropoff points in Hangzhou, covering key areas of the city. The <a href="/company/geely">Geely</a>-backed company is expanding network density and scale as it moves toward commercial robotaxi operations.

Qihoo 360 has revoked an SSL certificate after a private key was exposed in an installation package for its agentic <a href="/industry/ai">AI</a> tool due to a release error. The company said the certificate is now invalid, preventing misuse, and that users were not affected.

<a href="/company/alibaba">Alibaba</a> has launched Wukong, an <a href="/industry/ai">AI</a>-native enterprise platform that uses multi-agent systems to automate workflows across business applications. The platform integrates with the DingTalk ecosystem and is currently in invitation-only beta.

<a href="/company/ant-group">Ant Group's</a> acquisition of Bright Smart Securities has secured regulatory approvals and is set to close on March 30, giving it control of the Hong Kong broker. The deal provides Ant with local brokerage licenses to support its international expansion.

A rush to popularize the Western-developed tool has evoked shades of DeepSeek fever.

OpenClaw becomes latest AI craze for China's local governments

OpenClaw becomes latest AI craze for China&#8217;s local governments

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Xpeng Motors builds intelligent EVs equipped with advanced infotainment systems, autonomous features, and sleek electric mobility designs.

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The funding will support the Xpeng subsidiary in scaling production of its modular eVTOL vehicle.

Xpeng-backed Aridge raises funding to advance modular flying car production

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Tengli faces scrutiny in IPO push

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OpenClaw becomes latest AI craze for China’s local governments

Deals in brief: Wavemaker Impact backs Virdalis, MetaComp and dtcpay raise funding, PixVerse reaches unicorn status, and more

Xpeng-backed Aridge raises funding to advance modular flying car production