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DeepSeek has trained its DeepSeek-V4-Pro model using Huawei’s Ascend 910C AI computing cluster. The project, conducted by a research team in Shenzhen,…

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<a href="/company/deepseek">DeepSeek</a> has trained its DeepSeek-V4-Pro model using <a href="/company/huawei">Huawei’s</a> Ascend 910C <a href="/industry/ai">AI</a> computing cluster. The project, conducted by a research team in Shenzhen, is being positioned as evidence that Chinese-made hardware can support large model training.

Anker Innovations has begun gauging investor interest for a Hong Kong IPO. The consumer electronics manufacturer plans to raise up to USD 700 million in the coming weeks, with CICC, Goldman Sachs, and JPMorgan serving as joint sponsors.

<a href="/company/ant-group">Ant Group</a> is reportedly testing an <a href="/industry/ai">AI</a> agent interface for Alipay. The update would let users complete tasks such as booking rides, ordering coffee, arranging takeout, and managing investments by typing or speaking requests, intensifying Alipay’s competition with WeChat.

<a href="/company/dji">DJI</a> and <a href="/company/insta360">Insta360</a> have overtaken GoPro in the global action camera market, with DJI capturing a 66% share as of Q3 2025. GoPro, which held 84% of the market in 2022, reported a USD 80.82 million net loss in Q1 2026 and warned of substantial doubt about its ability to continue as a going concern.

Moonshot AI has launched a desktop application that can coordinate up to 300 AI agents for complex workflows. The company also released the open-source Kimi-K2.7-Code model, which reduces reasoning token consumption by 30%.

WeRide, Uber, and Avomo plan to launch Spain’s first commercial robotaxi pilot in Madrid later this year. WeRide has also outlined plans to deploy its Level 4 autonomous vehicle portfolio in Slovakia, with selected models expected to enter commercial operations in 2026.

<a href="/company/huawei">Huawei</a> is evaluating whether to deploy its Ascend chips in cloud and <a href="/industry/ai">AI</a> services in Latin America. Mark Chen, LATAM president of Huawei Cloud, confirmed the study, which would expand the reach of Chinese-designed hardware in a market dominated by US suppliers.

Kweichow Moutai will scale back cross-industry retail collaborations to focus on its core liquor business, chairman Chen Hua said at the company’s annual shareholder meeting. The company plans to prioritize base liquor production and maintain a supply-demand-based pricing strategy. Moutai also said it has no current plans for a stock split.

<a href="/company/alibaba">Alibaba</a> is said to be bidding USD 1.5 billion to acquire Chinese fresh food delivery platform Pupu. The offer is reportedly more than double a previous valuation proposed by Sun Art Retail.

<a href="/company/xpeng">Xpeng</a> is developing a wagon model under its Mona series, according to leaked photos. The project has been confirmed internally, though the vehicle is not expected to launch this year.

Woodside Energy exercised its preemptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields for USD 225 million, blocking a planned sale to Japan’s Inpex. The deal includes a USD 175 million contingent payment tied to a final investment decision by June 30, 2032. The acquisition would raise Woodside’s interest in the project to 41.27%.

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As the venture struggles to meet its US goals, its founder concedes “mistakes” but presses on.

Chinese entrepreneur's e-truck startup Windrose faces unpaid wage claims

Chinese entrepreneur&#8217;s e-truck startup Windrose faces unpaid wage claims

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Anta, a Chinese sportswear brand, specializes in performance-driven design, equipping athletes and consumers with innovative sports apparel and footwear.

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Anta's deal with Puma strengthens its global multi-brand strategy.

How China's Anta joined Nike and Adidas on the world sportswear podium

How China&#8217;s Anta joined Nike and Adidas on the world sportswear podium

ByteDance, a Chinese internet company, uses machine learning to recommend engaging videos, news, and social content (via TikTok and Douyin).

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The move gives the unit more independence while preserving support from its parent company.

ByteDance spins out drug discovery unit to test AI4S commercialization

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DeepSeek trains model on Ascend 910C

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Chinese entrepreneur’s e-truck startup Windrose faces unpaid wage claims

How China’s Anta joined Nike and Adidas on the world sportswear podium

ByteDance spins out drug discovery unit to test AI4S commercialization