TikTok, Southeast Asia boost prospects for Miduoduo IPO
China’s fifth-largest marketing services provider for cross-border e-commerce customers is shifting to social media platforms and its own direct sales for growth Key Takeaways: Miduoduo has chalked up three years…
From scarcity to execution: China's AI valuation reset
Zhipu and MiniMax have lost more than 40% of their market value in just two weeks, as investors reassess the true worth of China's large language model developers By…
Reframing for an AI era: Can Visual China monetize its image library?
China’s biggest platform for licensed images has filed for a Hong Kong listing as it tries to reposition itself as a provider of AI-enabled design services Key Takeaways: The company’s…
000681.SHE
PPLabs eyes capital refresh as losses linger on heavy investments
The computing power provider has filed for a Hong Kong IPO, hoping to attract investors with its surging AI cloud business Key Takeaways: PPLabs has filed to list in Hong…
Fear of missing out fuels Chinese instant commerce bids, as reality bites Hong Kong AI stock bubble
"There's no way that this acquisition could help them rebuild their image strongly enough that they could eventually do a listing in the U.S." (speaking on why some Hong Kong-listed…
Annto drives out from Midea’s shadow with Hong Kong IPO
The behind-the-scenes provider of supply chain logistics services for manufacturers has an impressive revenue base, but it operates on paper-thin profit margins Key Takeaways: Annto has filed for a Hong…
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IPO 
TikTok, Southeast Asia boost prospects for Miduoduo IPO
China’s fifth-largest marketing services provider for cross-border e-commerce customers is shifting to social media platforms and its own direct sales for growth Key Takeaways: Miduoduo has chalked up three years…
Reframing for an AI era: Can Visual China monetize its image library?
China’s biggest platform for licensed images has filed for a Hong Kong listing as it tries to reposition itself as a provider of AI-enabled design services Key Takeaways: The company’s…
Annto drives out from Midea’s shadow with Hong Kong IPO
The behind-the-scenes provider of supply chain logistics services for manufacturers has an impressive revenue base, but it operates on paper-thin profit margins Key Takeaways: Annto has filed for a Hong…
PPLabs eyes capital refresh as losses linger on heavy investments
The computing power provider has filed for a Hong Kong IPO, hoping to attract investors with its surging AI cloud business Key Takeaways: PPLabs has filed to list in Hong…
New Energy 
Shifting identities: Shein’s acquisition and Canadian Solar’s return to North America
"There's no way that this acquisition could help them rebuild their image strongly enough that they could eventually do a listing in the U.S." Rene Vanguestaine Key Takeaways: Shein's unlikely…
Daqo goes ‘back to the future’ with AI power equipment gamble
The polysilicon maker will partner with the Kunshan government to build a 6 billion yuan base producing electrical equipment to power AI data centers Key Takeaways: Daqo and the Kunshan…
Chery tiptoes into Japan with EV ‘kei’ microcar joint venture
China’s leading car exporter is targeting the insular Japanese market through a Singaporean joint venture, as the domestic car market struggles Key Takeaways: Chery’s 27% stake in a Singaporean joint…
Consumer 
Fear of missing out fuels Chinese instant commerce bids, as reality bites Hong Kong AI stock bubble
"There's no way that this acquisition could help them rebuild their image strongly enough that they could eventually do a listing in the U.S." (speaking on why some Hong Kong-listed…
Fengyi IPO tests AI’s ability to fix China’s unmanned retail problem
The company is part of a second generation of unmanned retailers, as its Hong Kong IPO tests investor appetite for a cabinet network offering help-yourself snacks and drinks Key Takeaways…
JD.com pours $4.5 billion into Hong Kong. But when will it recoup that money?
The e-commerce giant has expanded aggressively in Hong Kong over the last year, acquiring commercial buildings, a supermarket chain and establishing an extensive logistics network Key Takeaways: JD.com has been…
Chinese ‘Easter Eggs’ fall back to earth after wild year on Wall Street
Shares of Here Group, Zepp Health, Burning Rock Biotech and So-Young International all posted meteoric gains last year, but have given most of that back in 2026 Key Takeaways: A…
China’s shrinking ‘Chicken King’ scurries towards Hong Kong IPO
Zhengxin Food is reportedly chasing a public listing, as its shrinking restaurant network highlights the dangers of relying on franchisees for rapid expansion Key Takeaways: Zhengxin is reportedly planning a…
Healthcare/biotech 
Chinese ‘Easter Eggs’ fall back to earth after wild year on Wall Street
Shares of Here Group, Zepp Health, Burning Rock Biotech and So-Young International all posted meteoric gains last year, but have given most of that back in 2026 Key Takeaways: A…
WuXi AppTec wages buyback campaign as U.S. pressure mounts
The drug services provider has been battling to shore up its share price and suffered a sharp sell-off after being added to a U.S. list of firms with suspected military…
Tiny income, big dreams: can True Health become the next robotics champion?
The developer of medical devices is aiming to open up a commanding lead in the niche market for puncture and ablation robots, with the help of IPO proceeds Key Takeaways:…
Innovent’s $10.5 billion deal marks new model for China drugmakers
The Chinese biotech has added a major Pfizer collaboration to its growing roster of global deals, this time with a tighter commercial and profit-sharing partnership Key Takeaways: Co-commercialization deals…
Finance 
Declawed in China, UP Fintech faces challenges in global marketplace
The Tiger Brokers operator has been forced to leave its original home market, but numbers show its global expansion isn't strong enough yet to carry the business Key Takeaways: Legacy…
Cango cleans up its house. Now comes the hard part
The company paid off most of its long-term debt by selling down its bitcoin treasury, as it moves ahead with its new focus on modular high-performance computing for AI clients…
Yiren Digital left in the cold after parent freezes $4.4 billion in wealth products
The company’s shares fell nearly 25% over four days as investors worried about potential exposure to problems surrounding a major wealth management product issued by its parent Key Takeaways: CreditEase…
Why regulating capital and serving burgers are both getting tougher in China
China's move to push out cross-border stock brokers underscores the state's desire to control capital allocation and benefit state-owned enterprises; Wendy's ambitious plan to open 1,000 stores in China faces steep hurdles due to fierce competition and an increasing consumer preference for domestic brands
Ecommerce 
TikTok, Southeast Asia boost prospects for Miduoduo IPO
China’s fifth-largest marketing services provider for cross-border e-commerce customers is shifting to social media platforms and its own direct sales for growth Key Takeaways: Miduoduo has chalked up three years…
Who needs Dingdong? Alibaba answers Meituan with super-sized Pupu bid
Alibaba is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder Key Takeaways: Alibaba is reportedly bidding $1.5 billion…
JD.com pours $4.5 billion into Hong Kong. But when will it recoup that money?
The e-commerce giant has expanded aggressively in Hong Kong over the last year, acquiring commercial buildings, a supermarket chain and establishing an extensive logistics network Key Takeaways: JD.com has been…
Autohome skids as China’s car market slams on the brakes
The online auto pioneer still makes money by connecting car buyers and sellers, but weak demand, falling ad budgets and new competition are eroding its old advantages Key Takeaways Autohome’s…
AI/Infrastructure/Resources 
Reframing for an AI era: Can Visual China monetize its image library?
China’s biggest platform for licensed images has filed for a Hong Kong listing as it tries to reposition itself as a provider of AI-enabled design services Key Takeaways: The company’s…
Fear of missing out fuels Chinese instant commerce bids, as reality bites Hong Kong AI stock bubble
"There's no way that this acquisition could help them rebuild their image strongly enough that they could eventually do a listing in the U.S." (speaking on why some Hong Kong-listed…
Annto drives out from Midea’s shadow with Hong Kong IPO
The behind-the-scenes provider of supply chain logistics services for manufacturers has an impressive revenue base, but it operates on paper-thin profit margins Key Takeaways: Annto has filed for a Hong…
PPLabs eyes capital refresh as losses linger on heavy investments
The computing power provider has filed for a Hong Kong IPO, hoping to attract investors with its surging AI cloud business Key Takeaways: PPLabs has filed to list in Hong…
