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RayNeo raised more than RMB 1 billion in a new funding round co-led by a China Mobile-backed fund and CITIC Goldstone, with participation from China U…

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RayNeo raised more than RMB 1 billion in a new funding round co-led by a China Mobile-backed fund and CITIC Goldstone, with participation from China Unicom’s innovation fund. The investment will support R&amp;D and global expansion. The company will also debut its first eSIM-enabled AR glasses, the X3 Pro (Project eSIM), at CES 2026.

<a href="/company/bytedance">ByteDance</a> dismissed reports that it is partnering with automakers to build cars, saying it has no such plans. Its Volcano Engine unit continues to serve major carmakers with <a href="/industry/ai">AI</a> and cloud technologies, including projects with Mercedes-Benz, BMW’s LingYue, and Seres on smart driving and digital services.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said China is unlikely to formally approve H200 chip imports, but purchase orders will show if shipments are allowed. As the US reviews export licenses, Nvidia is ramping up H200 production to meet strong Chinese demand and projects USD 500 billion in chip sales by year's end.

TikTok Shop generated nearly USD 100 billion in GMV in 2025, ranking fifth among global <a href="/industry/e-commerce">e-commerce</a> platforms behind Amazon, Walmart, <a href="/company/shopee">Shopee</a>, and eBay. With about 400 million active consumers across 17 markets, the <a href="/company/bytedance">ByteDance</a>-owned platform leads the industry in growth through its “interest-based” model driven by short videos and live streams.

Inx Technology has supplied solid-state lithium metal batteries for EHang’s EH216 <a href="/industry/evtol">eVTOL</a> aircraft, which completed China’s first cross-sea unmanned passenger flight. The battery delivers an energy density of 480 Wh/kg, up to twice that of mainstream aviation batteries.

<a href="/company/chery">Chery Group</a> has announced a 2026 sales target of 3.2 million vehicles, a 14.03% increase from 2025. Its listed subsidiary, Chery Automobile, along with five affiliated brands, aims to deliver 3 million units, up 14.01% YoY.

<a href="/company/weride">WeRide</a> said its GXR robotaxi is the world’s first autonomous vehicle powered by <a href="/company/nvidia">Nvidia’s</a> Drive Thor X chip to enter fully driverless commercial service. The vehicle is already in operation in China and the UAE.

<a href="/company/minimax">MiniMax’s</a> Hong Kong IPO closed with margin orders exceeding HKD 253.3 billion, oversubscribed 1,209 times in the public tranche. The firm plans to raise up to HKD 4.19 billion and has secured HKD 2.72 billion from 14 cornerstone investors including <a href="/company/alibaba">Alibaba</a>, the Abu Dhabi Investment Authority, and more.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said at CES 2026 that <a href="/company/deepseek">DeepSeek’s</a> reasoning models helped accelerate the global shift toward open-source <a href="/industry/ai">AI</a>, adding that such models are rapidly narrowing the performance gap with proprietary systems. Huang made the remarks during the launch of Nvidia’s Vera Rubin computing platform.

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At CES 2026, <a href="/company/geely">Geely</a> and Qianli unveiled G-ASD (Geely Afari Smart Driving), a joint brand designed for Level 2 to Level 4 assisted driving. Built on an end-to-end architecture, the system integrates multimodal, visual-language, and reinforcement learning models to enhance automation and lessen dependence on high-precision mapping.

<a href="/company/baidu">Baidu</a> Baike has introduced new features, including “dynamic” encyclopedia entries and an <a href="/industry/ai">AI</a>-powered “knowledge graph,” as the platform’s total number of entries surpassed 30 million. More than eight million users and 100,000 experts from institutions such as the University of Science and Technology of China and the Chinese Academy of Sciences have contributed to the encyclopedia, according to the company.

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China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

Explore East Asia’s thriving tech hubs, global electronics producers, and fast-evolving digital platforms shaping cross-border innovation.

East Asia

JD.com, a Chinese e-commerce leader, ensures trusted transactions, efficient logistics, and a wide product selection for online shoppers.

JD.com

Office acquisitions by mainland tech firms point to a changing balance in Hong Kong’s property market.

JD.com buys into CCB Tower as mainland capital reshapes Hong Kong’s skyline

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Chery

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The carmaker aims to be among the nation's top three car brands by 2030, alongside VinFast and Toyota.

China's Chery to open its largest ASEAN car factory in Vietnam in mid-2026

China&#8217;s Chery to open its largest ASEAN car factory in Vietnam in mid-2026

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What lies beyond familiar frontiers? Investigate emerging tech—like quantum computing and AI—transforming traditional sectors.

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How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

Beyond building sensors, PaXini is developing infrastructure that connects data and AI to make embodied robots deployable.

At CES 2026, PaXini lays out a “full-stack” roadmap for embodied intelligence

CHENG Zi is based in China, covering technology and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

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RayNeo raises fresh funding, plans CES debut

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