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Nvidia CEO Jensen Huang said there is a “real possibility” of bringing the company’s Blackwell AI processors to China, pending US export approvals. He…

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<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said there is a “real possibility” of bringing the company’s Blackwell <a href="/industry/ai">AI</a> processors to China, pending US export approvals. He added that China’s AI market could grow 50% in 2026, calling it a USD 50 billion opportunity.

Mihoyo unveiled its latest game, <em>Honkai: Nexus Anima</em>, on August 29 with a debut trailer and gameplay demo. The title blends pet collection and auto-battling in a casual strategy format. Led by <em>Honkai: Star Rail</em> producer David Jiang, it also features town exploration, mount riding, and avatar customization. Closed beta signups are now open.

GoodMe reported RMB 5.66 billion in revenue and RMB 1.63 billion in net profit for H1 2025, up 41.2% and 119.8% YoY. Adjusted profit rose 42.4% to RMB 1.09 billion. The store count hit 11,179, with over 80% of new outlets in lower-tier cities. Daily GMV per store climbed to RMB 7,600, signaling greater efficiency.

Nongfu Spring reported RMB 25.6 billion in revenue and RMB 7.6 billion in net profit for H1 2025, up 15.6% and 22% YoY. Tea drinks, led by its flagship "Oriental Leaf Tea" beverage, became the company’s largest revenue source at RMB 10.1 billion, surpassing bottled water for the first time.

ChaPanda posted RMB 2.5 billion in revenue and RMB 333 million in net profit for H1 2025, with profit up 40% YoY and gross margin rising to 32.6%. The brand expanded to eight international markets, with 18 stores in South Korea and first US and France locations pending.

<a href="/company/pop-mart">Pop Mart’s</a> mini Labubu collectible, priced at RMB 1,106 per set, was reselling for up to RMB 2,500 ahead of its official launch on August 28. Each set includes 14 standard figures and one hidden model. The release is part of "The Monsters" series, which drove a 668% YoY revenue surge in H1 2025.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said White House talks on allowing sales of a reduced-capability version of its Blackwell GPU to China have begun but will take time. Trump has suggested permitting exports of chips 30–50% weaker than standard models. Huang said Nvidia is open to conditions, citing China’s USD 50 billion <a href="/industry/ai">AI</a> market potential.

Yadea, China’s leading two-wheeler maker, has opened a plant in Samut Prakan, Thailand, with plans to produce 600,000 e-scooters over three years. Its first model, the RS20, will launch at THB 41,900, about 30% below Honda’s mainline scooter. The move underscores intensifying Chinese-Japanese competition in Southeast Asia’s two-wheeler market.

On August 27, Wahaha chair Zong Fuli petitioned China’s top court and procuratorate to expedite a dispute over the employee shareholding committee’s 24.6% stake. The conflict traces back to contested 2018 buybacks and could decide whether Zong, who inherited 29.4% from her late father, becomes the group’s largest shareholder.

<a href="/company/sensetime">SenseTime</a> posted H1 2025 revenue of RMB 2.4 billion, up 36% YoY, driven by 73% growth in <a href="/industry/ai">generative AI</a>, which now accounts for 77% of its sales. Adjusted net loss narrowed 50%, while trade receivable collections hit a record RMB 3.2 billion, up 96%. Cash reserves rose to RMB 13.2 billion.

Chinese tea chain Heytea is under scrutiny after a media test found trans fatty acids in one of its milk tea drinks. The company said the content came from dairy milk, but critics pointed to earlier promises of zero trans fats. While levels meet national standards, the findings pose a challenge to Heytea's health-focused brand image.

Chinese companies push into new markets and technologies even as rising costs and tighter margins test their staying power.

China Recap | Growth and strain

Vicky is a senior reporter based in Hangzhou, covering news about Chinese companies expanding their footprints abroad.

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Vicky Chang

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At its Guangzhou summit, XTransfer released PMI data spotlighting new trade routes for SMEs amid global market shifts.

XTransfer maps a “digital Silk Road” for exporters at 2025 TradeVision Summit

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The company aims to certify the ET9 passenger aircraft by 2027.

China’s EVT Aerotechnics challenges global rivals with ET9 eVTOL program

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Nvidia weighs bringing Blackwell chips to China

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