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SMIC is raising prices for products in high demand, co-CEO Zhao Haijun said during the company’s Q1 earnings call. The company reported a Q1 gross mar…

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SMIC is raising prices for products in high demand, co-CEO Zhao Haijun said during the company’s Q1 earnings call. The company reported a Q1 gross margin of 20.1%, up 0.9 percentage points sequentially, driven by higher average selling prices and an improved product mix.

TSMC projects the global semiconductor market will exceed USD 1.5 trillion by 2030, up from an earlier forecast of USD 1 trillion, with AI and high-performance computing expected to account for 55% of the total. To meet demand, the company is accelerating capacity expansion, including plans for nine new wafer fabrication plants and advanced packaging facilities.

Shenzhen-based Adtech Technology has filed for an IPO on the Hong Kong Stock Exchange, according to a regulatory filing.

Bambu Lab reached RMB 10 billion in revenue in 2025, capturing nearly 30% of the global market. The company is part of a group of Shenzhen-based firms that control 90% of the entry-level 3D printer segment, though it faces increasing competition and potential IP risks as it expands globally.

SMIC reported Q1 2026 revenue of USD 2.5 billion, meeting guidance despite a slight decline in smartphone demand. It expects Q2 revenue to grow 14–16%, above market expectations of 7%, as demand for mature process nodes and pricing recover.

Hengrui Medicine has signed a global partnership with Bristol Myers Squibb covering 13 early-stage projects in oncology, hematology, and immunology. Announced on May 12, the deal has a potential total value of USD 15.2 billion, including USD 950 million in upfront and milestone payments.

<a href="/company/alibaba">Alibaba’s</a> Model Studio is expected to exceed RMB 30 billion in annualized revenue by year's end, according to group CEO Eddie Wu, with <a href="/industry/ai">AI</a>-related income projected to account for more than 50% of total cloud revenue within the next year.

<a href="/company/honor">Honor</a> CEO Li Jian said the company will release its “Robot Phone” in the third quarter of 2026. The device, first unveiled at MWC 2026, features a 200-megapixel motorized gimbal camera and uses <a href="/industry/ai">AI</a>-driven object tracking and video stabilization technology developed with Arri.

<a href="/company/alibaba">Alibaba</a> said AliExpress Brand+ penetration exceeded 30% of quarterly active buyers in its latest reported quarter, with faster brand onboarding and sales gains. Launched in 2025, the program targets overseas growth, with brand GMV up more than 40% and a plan to help 2,000 Chinese brands expand globally.

<a href="/company/xpeng">Xpeng</a> is in talks with Volkswagen and other automakers to acquire a manufacturing facility in Europe. Cheng Xiaoguang, its head for Northeast Europe, said the company is evaluating potential sites, adding that some existing Volkswagen facilities may not meet its future production requirements.

<a href="/company/minimax">MiniMax</a> has launched Mavis, a new mode for its desktop agent platform designed to handle complex, long-term tasks. The system uses a multi-agent architecture with distinct roles to improve task accuracy through internal checks. MiniMax also unified its token- and agent-based subscription plans, giving users more flexible access across its model ecosystem.

Photo shows demolition work at a building site in Hanoi.

The USD 2.5 trillion plan to address population growth comes with demolitions and relocations.

Remaking Hanoi: Vietnam bets on colossal capital renewal to drive growth

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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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Mixue Bingcheng runs beverage shops, leveraging mobile ordering and social commerce to serve refreshing drinks and desserts.

Mixue’s large store in Guangzhou is part of its efforts to differentiate itself from competitors.

Mixue Bingcheng takes page from Labubu with Snow King merch

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Its footprint now spans dozens of cities across 12 countries.

WeRide posts record quarterly revenue as robotaxi rollout gains pace

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SMIC raises prices amid strong demand

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Remaking Hanoi: Vietnam bets on colossal capital renewal to drive growth

Mixue Bingcheng takes page from Labubu with Snow King merch

WeRide posts record quarterly revenue as robotaxi rollout gains pace