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LandSpace has resumed its Star Market IPO process, with an implied IPO valuation of about RMB 75 billion compared with a recent primary-market valuati…

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LandSpace has resumed its Star Market IPO process, with an implied IPO valuation of about RMB 75 billion compared with a recent primary-market valuation of about RMB 20.7 billion. The rocket manufacturer reported 2025 revenue of RMB 52 million and a net loss of RMB 1.71 billion. It expects to reach profitability in 2029, contingent on the successful reuse of its Zhuque-3 rocket.

<a href="/company/bytedance">ByteDance</a> has secured a USD 29.6 billion loan after increasing the facility from an initial USD 20 billion target amid strong commitments from banks, according to Bloomberg News.

BSB Electric registered for IPO counseling with the Zhejiang branch of the China Securities Regulatory Commission on September 2 as it prepares for a potential Beijing Stock Exchange listing. The electrical components maker appointed Zheshang Securities as its counseling firm.

Anji Microelectronics submitted an application on September 2 to issue H-shares and list in Hong Kong. The company will also complete the required China Securities Regulatory Commission filing procedures. The proposed listing remains subject to regulatory approvals.

<a href="/company/byd">BYD</a> has begun selling residential solar systems through 233 automotive dealerships in Brazil. A 4.8-kilowatt system costs about RMB 26,000, including installation and related services. The initiative combines BYD’s existing solar manufacturing operations with its automotive distribution network and could provide a channel for future energy storage products.

<a href="/company/bytedance">ByteDance</a> has reportedly raised the internal price of its virtual Doubao shares to USD 17.02, up 14.6% from USD 14.85 in June. The company is expanding the incentive program for eligible <a href="/industry/ai">AI</a> employees, some of whom can adjust the proportion of cash and Doubao shares in their compensation packages.

<a href="/company/xpeng">Xpeng</a> Mona product general manager Jiang Wen denied reports that Mona L03 production would halt for one week in September. Jiang said the factory is ramping up production while seeking to shorten customer delivery wait times.

Sunmi reported H1 2026 revenue of RMB 1.76 billion, up 25.8% YoY. The company recorded a net loss of RMB 70 million, compared with net profit of RMB 15.93 million a year earlier. Europe remained its largest regional market, generating RMB 584 million in revenue.

<a href="/company/baidu">Baidu</a> CFO He Haijian said the company expects its <a href="/industry/ai">AI</a> businesses to soon generate profit and cash returns comparable to its search operations. AI-related businesses now account for more than half of total revenue, while investments in new GPU clusters are expected to break even within two to three years.

SAIC Motor sold 2.74 million vehicles from January to August, remaining China’s largest automaker by sales. August sales reached 357,000 units. NEV sales rose 30.2% YoY to 1.16 million units over the eight-month period, while overseas sales surged 52.9% to 1.02 million.

Chinese regulators issued guidelines on September 1 urging domestic automakers to avoid disruptive pricing practices in overseas markets. The guidance calls on companies to base prices on costs and local market conditions as rapid export growth raises scrutiny of Chinese automakers abroad.

The project, presented at the UN Global Compact BRI Summit in Singapore, examined financial access for overseas Filipino workers.

FinVolution, NUS Business School share findings on financial inclusion for Filipino domestic helpers

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Turns out, games made in China can be good too.

The Uptake | Game on

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What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

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Instead of competing on price, Chagee is counting on store economics, a deeper product pipeline, and long-term brand equity.

LandSpace resumes IPO process

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FinVolution, NUS Business School share findings on financial inclusion for Filipino domestic helpers

The Uptake | Game on

After sitting out the food delivery war, what cards does Chagee hold?