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Moonshot plans to list in Hong Kong within six months at a $30 billion valuation

Moonshot AI has told investors it is preparing to list in Hong Kong in as soon as six months, Bloomberg reported on Saturday. The company has distributed a shareholder resolution seeking backing for the IPO and is wrapping a fundraising round that may value the three-year-old startup at more than $30 billion. Annual recurring revenue […]

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China is rebuilding the smartphone around AI agents. ZTE’s NaviX sold out in hours.

ZTE showcased the NaviX Ultra at the World AI Conference in Shanghai this week, calling it the world’s first agentic AI smartphone. The device, built under ZTE’s Nubia brand, runs ByteDance’s Doubao AI agent and can be activated by voice or a dedicated button. It comes in four colours and was prototyped in December at […]

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China is rebuilding the smartphone around AI agents. ZTE’s NaviX sold out in hours. Read More »

Chinese car sales in the UK jumped from 384 in 2015 to 285,000 last year. The tariff gap explains why.

Brits bought 384 Chinese-made vehicles in 2015. Last year, they bought 285,000, according to automotive consulting firm Mobility Global. The growth is accelerating. BYD nearly doubled its UK sales in the first half of 2026 to over 37,000 units, and Chinese brands collectively hold roughly 13% of new car registrations in Britain, double their share […]

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Chinese car sales in the UK jumped from 384 in 2015 to 285,000 last year. The tariff gap explains why. Read More »

Alibaba open-sources its AI chip software stack at WAIC, targeting Nvidia’s CUDA lock-in

Alibaba’s chip design unit T-Head announced at the World AI Conference in Shanghai on Saturday that it is open-sourcing SAIL, the full software stack for its Zhenwu series of AI chips. The move is designed to lower migration barriers for developers currently locked into Nvidia’s CUDA ecosystem. T-Head said programmers can adapt SAIL to mainstream […]

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Xpeng debuted its flying car in Germany. It has 7,000 orders and a factory that can build 10,000 a year.

Xpeng debuted the Land Aircraft Carrier at a launch event in Munich on Wednesday, the first time the Chinese automaker has shown its modular flying car outside Asia. The vehicle is a six-wheeled ground unit, called the Mothership, with a detachable two-seat eVTOL flight module that stows in the back. The six-rotor flying module uses […]

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Xpeng debuted its flying car in Germany. It has 7,000 orders and a factory that can build 10,000 a year. Read More »

Trump’s AI advisor says Kimi K3 shows “how you lose the AI race.” Khosla blames immigration. Marcus wants a congressional investigation.

Moonshot AI’s Kimi K3 topped Arena’s frontend coding leaderboard within 24 hours of launch, ahead of Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 Sol. It placed third on Artificial Analysis’s Intelligence Index. The reaction from Washington, Wall Street, and academia was swift and pointed. TNW covered the model’s capabilities at launch, but the political and […]

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Trump’s AI advisor says Kimi K3 shows “how you lose the AI race.” Khosla blames immigration. Marcus wants a congressional investigation. Read More »

China will tax lithium and solar batteries for the first time in a decade, but sodium batteries stay exempt

China will impose a consumption tax on lithium-ion and solar batteries for the first time in a decade, marking a policy shift as Beijing seeks to rein in overcapacity and destructive price wars in industries it spent years subsidising into global dominance. A 2% tax on lithium-ion batteries takes effect this September, rising to 4% […]

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The AI boom’s least glamorous winner just filed for a $5bn listing, and it wires Google and Amazon’s data centres

While attention fixes on Nvidia and the AI models, the companies quietly wiring the data centres together are booming. Eoptolink, a Chinese maker of high-speed optical transceivers, has filed for a Hong Kong listing that could raise up to $5bn, Bloomberg reports. The plan is a secondary listing on top of its existing Shenzhen shares. It […]

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The AI boom’s least glamorous winner just filed for a $5bn listing, and it wires Google and Amazon’s data centres Read More »

A Chinese open-source model just triggered another AI selloff. The panic says more about US spending than about Kimi.

A new Chinese AI model has rattled global markets, sending tech and chip stocks sharply lower. Moonshot’s Kimi K3 surprised investors and helped fuel a broad selloff, Bloomberg reports. Traders quickly labelled it a “Kimi moment”, echoing the DeepSeek shock of early 2025. The comparison is doing a lot of work, and not all of it […]

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A Chinese open-source model just triggered another AI selloff. The panic says more about US spending than about Kimi. Read More »

China’s BrainCo showed a platform that lets you control robots with your mind

Picture a lightweight headset. You think about picking up a cup, and a robot arm reaches out and does it. No button, no voice command, no movement. BrainCo drew crowds with that demo at the World AI Conference (WAIC) in Shanghai, the South China Morning Post reported. BrainCo calls its Brain-Controlled Robot AI Platform the […]

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