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AI firm ModelBest raises multi-million yuan round led by China Telecom
China Telecom will leverage its strengths in cloud computing and computing power networks to engage in deep business collaboration with ModelBest.
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Alibaba to unveil AI glasses at MWC in global hardware push
Alibaba will unveil its first Qwen AI glasses at the upcoming 2026 Mobile World Congress (MWC), with pre-orders opening on March 2.
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Geely-owned Meizu halts domestic phone hardware R&D in AI software pivot
Meizu said that the sustained surge in memory component prices has made commercialization of next-generation smartphones unfeasible.
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GAC spins off robot unit as China automakers race into embodied AI
Huilun plans to advance small-batch trial production of its core products within this year, with a goal of achieving mass production by 2027.
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Baidu Q4 revenue exceeds expectations as AI business becomes growth engine
In the fourth quarter, subscription revenue from Baidu AI computing infrastructure surged 143% year-on-year.
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Chinese AI startup StepFun reportedly plans Hong Kong IPO, potentially raising up to $500 million
With capital markets showing strong demand for China's AI boom, StepFun could list as early as this year.
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Chinese smartphone makers brace for unprecedented multiple price hikes in 2026
New models released after March are expected to see price increases of at least RMB 1,000 ($146).
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ByteDance's valuation reportedly soared to $550 billion in proposed equity sale
This represents a 66% surge from the company's valuation of about $330 billion during last year's employee stock buyback.
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Agibot sets foot in Europe, showcasing full robotics portfolio in Munich
Agibot displayed its full portfolio of general-purpose embodied robots in Munich and secured a partnership with automotive parts giant Minth.
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LandSpace to attempt rocket recovery again in Q2 as it pushes toward sub-$3,000/kg launch cost
LandSpace plans to conduct another first-stage recovery test for its Zhuque-3 rocket in the second quarter of this year, aiming to achieve its first reusable flight in the fourth quarter.









