Insights

Strong growth in China through Alifish has not eased pressure on Sanrio in the public market.

A valuation of more than USD 1.5 billion could be enough for Alibaba to part with the gaming studio.

Behind the fashion retailer’s IPO push is a complex 11-year financing history.

Tech ETFs draw record inflows as Beijing pledges market stability.

Its marketplace business is growing quickly in the US, but it faces a long road against established players such as Amazon.

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.