China Deep Dive

Some 95% of Fundraising Goes to Listing Fees: Quantgroup’s “Bleeding” Hong Kong IPO Under 1.8 Bn Yuan Bet-On Pressure

AI

Alibaba Qwen Surpasses 10M Downloads in First Week of Public Beta; Ant Lingguang Reaches 2M Downloads

Bank

Chinese Banks Cut Business Loan Rates to Record Lows Amid Year-End Push, Intermediaries Offer Risky “Packaging” Services

JD Industrial Clears HKEX Hearing – How It’s Transforming China’s Industrial Supply Chain?

Chinese Cross-Border E-Commerce Sellers Face Tax Scrutiny Amid Platform Reporting Discrepancies

China’s “First Hotpot Seasoning Stock” Pursues Hong Kong Listing Amid Earnings Rollercoaster and Fierce Competition

Consumption

Food-Delivery Price Wars Hit Bottled Drinks and Dairy: China’s Beverage Sales Slump in Q3

COVID Vaccine Giant Sinovac on the Brink of Nasdaq Delisting Amid Decade-Long Founder Clash and Governance Turmoil

AI

Alibaba Launches “Qwen” App, Aiming to Become AI Super-Entry for Consumer Market

Beyond E-Commerce: JD’s Strategic Move into Coffee, Food Delivery, and Local Services

Technology

Xiaomi Auto Turns Profitable in Q3, Smartphone and Auto Gross Margins Expected to Face Pressure Next Year 

Technology

Baidu Reports Record Revenue Decline in Q3 2025, While AI Business Shows Growth Potential 

Chinese Video Streaming Giant iQiyi Returns to Loss in Q3, Revenue Falls Across Core Businesses

Trip.com’s Q3 Net Profit Surges Over 190%, Outbound Hotel and Flight Bookings Recover to 140% of 2019 Levels

Autel Technology Charts Hong Kong Listing to Power “Third Growth Curve” in AI Robotics