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Ant Group has launched a mobile "world model" in its LingGuang app, enabling users to generate explorable 3D environments from a single image. The fea…

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<a href="/company/ant-group">Ant Group</a> has launched a mobile "world model" in its LingGuang app, enabling users to generate explorable 3D environments from a single image. The feature is powered by Robbyant's open-source LingBot-World-Fast model.

TSMC projects the global semiconductor market will exceed USD 1.5 trillion by 2030, up from an earlier forecast of USD 1 trillion, with AI and high-performance computing expected to account for 55% of the total. To meet demand, the company is accelerating capacity expansion, including plans for nine new wafer fabrication plants and advanced packaging facilities.

Shenzhen-based Adtech Technology has filed for an IPO on the Hong Kong Stock Exchange, according to a regulatory filing.

Bambu Lab reached RMB 10 billion in revenue in 2025, capturing nearly 30% of the global market. The company is part of a group of Shenzhen-based firms that control 90% of the entry-level 3D printer segment, though it faces increasing competition and potential IP risks as it expands globally.

SMIC reported Q1 2026 revenue of USD 2.5 billion, meeting guidance despite a slight decline in smartphone demand. It expects Q2 revenue to grow 14–16%, above market expectations of 7%, as demand for mature process nodes and pricing recover.

Hengrui Medicine has signed a global partnership with Bristol Myers Squibb covering 13 early-stage projects in oncology, hematology, and immunology. Announced on May 12, the deal has a potential total value of USD 15.2 billion, including USD 950 million in upfront and milestone payments.

SMIC is raising prices for products in high demand, co-CEO Zhao Haijun said during the company’s Q1 earnings call. The company reported a Q1 gross margin of 20.1%, up 0.9 percentage points sequentially, driven by higher average selling prices and an improved product mix.

<a href="/company/alibaba">Alibaba’s</a> Model Studio is expected to exceed RMB 30 billion in annualized revenue by year's end, according to group CEO Eddie Wu, with <a href="/industry/ai">AI</a>-related income projected to account for more than 50% of total cloud revenue within the next year.

<a href="/company/honor">Honor</a> CEO Li Jian said the company will release its “Robot Phone” in the third quarter of 2026. The device, first unveiled at MWC 2026, features a 200-megapixel motorized gimbal camera and uses <a href="/industry/ai">AI</a>-driven object tracking and video stabilization technology developed with Arri.

<a href="/company/alibaba">Alibaba</a> said AliExpress Brand+ penetration exceeded 30% of quarterly active buyers in its latest reported quarter, with faster brand onboarding and sales gains. Launched in 2025, the program targets overseas growth, with brand GMV up more than 40% and a plan to help 2,000 Chinese brands expand globally.

<a href="/company/xpeng">Xpeng</a> is in talks with Volkswagen and other automakers to acquire a manufacturing facility in Europe. Cheng Xiaoguang, its head for Northeast Europe, said the company is evaluating potential sites, adding that some existing Volkswagen facilities may not meet its future production requirements.

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.

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Xiaohongshu, also known as RedNote, is a platform that connects users to curated content for fashion, beauty, travel, and more.

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What guides machine-led insights? Uncover AI applications, language models, and decision-making systems transforming sectors worldwide.

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Xiaohongshu is elevating AI across its organization while trying to protect the community that made it valuable.

Four years after ChatGPT, Xiaohongshu’s AI restraint gives way to urgency

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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Asia's supply chain is gearing up as Google, Nvidia, and space tech startups shoot for the stars.

The AI space race: US and China bet big on orbital data centers

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How do stores adapt to digital shifts? Explore e-commerce integration, inventory analytics, and omnichannel strategies for modern shoppers.

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Known for its gold-and-ruby aesthetic, the brand is entering some of the country’s most selective luxury retail spaces.

Ant launches mobile "world model"

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