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Libert reported 2025 net profit of RMB 219 million, down 9.13% YoY. Revenue fell 24.95% to RMB 2.62 billion, while operating cash flow dropped 93.53%.…

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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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China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

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

OpenClaw’s founder publicly endorsed the product’s rollout.

Tencent opens international beta for AI agent product QClaw

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Libert reported 2025 net profit of RMB 219 million, down 9.13% YoY. Revenue fell 24.95% to RMB 2.62 billion, while operating cash flow dropped 93.53%.

Roewe debuted its Jiayue vehicle series and the flagship Jiayue 07 concept car on April 22. Developed in partnership with Volcano Engine, the series features an "AI-native" technical architecture. The Jiayue 07 is positioned as a family-oriented model, emphasizing smart cabin features and vehicle-wide AI integration.

OnePlus will launch the Ace 6 Ultra on April 28. The device is powered by a MediaTek Dimensity 9500 processor, with a 165 Hz display and an 8,600 mAh battery. It also includes a proprietary touch-control chip and what the company describes as a console-grade gyroscope.

Orient Cable reported Q1 2026 net profit of RMB 372 million, up 32.26% YoY, on revenue of RMB 2.88 billion, a 34.28% increase. Growth was driven by large order deliveries, particularly in the marine equipment and engineering segment, where revenue rose 319.61%. As of April 21, total orders stood at RMB 18.41 billion.

Papergames will release the iOS version of <em>Infinity Nikki</em> on April 24 alongside its 2.5 update. The game requires an Apple Silicon chip and 140 gigabytes of storage, supports keyboard, mouse, and controller input, and includes cross-platform progress synchronization via a Papergames account. Intel-based Apple devices are not supported.

Executives from Gree Electric Appliances and Hisense are disputing the use of the "real copper" marketing slogan. The conflict reflects broader industry tensions driven by rising copper costs and a potential shift toward alternative materials, amid declining retail prices.

<a href="/company/douyin">Douyin</a> has launched a standalone group buying app, Doushengsheng, which reportedly reached 7.96 million daily active users and 22.42 million monthly active users within two months. The move aims to improve conversion rates and separate transaction-focused services from the main content-driven platform.

Zhongwang Fabric reported Q1 2026 net profit of RMB 13.69 million, down 40.43% YoY. Revenue totaled RMB 124 million, while net operating cash inflow fell 51.56% to RMB 16.20 million. Diluted earnings per share declined 42.86% to RMB 0.12.

Gas Blue Sky reported 2025 net profit of RMB 282 million, down 43.98% YoY. Revenue fell 14.71% to RMB 4.06 billion, and operating cash flow declined 27.32% to RMB 434 million.

<a href="/company/kuaishou">Kuaishou</a> said its <a href="/industry/e-commerce">e-commerce</a> arm will provide increased traffic support to merchants throughout 2026. The company reported more than 15% growth in daily active merchants in 2025 and a 26% increase in new merchant entries.

<a href="/company/miniso">Miniso</a> has selected Nest as its facilities management partner for over 300 stores in the US. Services will include HVAC, electrical, plumbing, and lighting maintenance.

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Strong sales did not prevent the studio’s closure, underscoring the fragility of China’s game ecosystem.

What does the fate of Wuchang: Fallen Feathers reveal about China’s game industry?

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Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

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

Lazada, an e-commerce marketplace in Southeast Asia, links shoppers to a wide range of products, deals, and cross-border brands.

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Sea Group operates digital entertainment (Garena), e-commerce (Shopee), and fintech (SeaMoney) platforms across Southeast Asia.

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Shopee, a Southeast Asian online marketplace, features interactive shopping, flash deals, and localized payment options.

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Southeast Asia’s tech ecosystem is a melting pot of startups and businesses of all sizes, all vying for rapid growth.

TikTok hosts short-form videos spanning entertainment, education, and branded content, capturing global audiences and driving cultural trends.

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Smaller rivals are being pushed to the margins as online shopping booms in Thailand and Malaysia.

TikTok, Sea, Alibaba-owned e-commerce corner ASEAN markets

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Investors from the UAE, Australia, and across Asia backed the latest tranche.

DeepWay draws global investors as pre-IPO round exceeds USD 310 million

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

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Libert 2025 net profit declines

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What does the fate of Wuchang: Fallen Feathers reveal about China’s game industry?

TikTok, Sea, Alibaba-owned e-commerce corner ASEAN markets

DeepWay draws global investors as pre-IPO round exceeds USD 310 million