Insights

With 2025 revenue of just RMB 1.7 billion, Unitree is commanding a valuation once unthinkable for a Chinese hardware startup.

Wanchen’s asset-light model, rapid turnover, and high leverage keep its equity base small and shareholder returns elevated.

Chinese AI model developers agree on multimodality’s long-term value, but not on when its benefits justify the cost.

Aapico’s chief says Beijing will “win the war.”

The fashion retailer’s LATR system has helped suppliers adjust more quickly to shifts in consumer trends and demand.

As AI enables tiny teams to produce films on modest budgets, China’s established studios are being forced to confront who gets to make movies.

The investment model increases the risk of overinvestment in Beijing’s priority sectors.

The US e-commerce giant is phasing out fulfillment services as it trails far behind regional players.