China Deep Dive

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

Chinese Vocational Education Firm Hiducation Rushes for Hong Kong IPO Amid Mounting Debt, Losses and Soaring Costs 

Major E-Commerce Platforms Post Record Sales in “Double 11” Shopping Festival 

Technology

Apple and Tencent Reach Agreement on “Apple Tax” for Mini-Programs, Slashing Commission Rate to 15% 

Semiconductor

SMIC Posts Strong Q3 Results Amid Domestic Chip Substitution, Capacity Utilization Hit Highest Since 2022

Technology

Tencent Q3 Net Profit Rises Nearly 20%, AI App Yuanbao Integrated with WeChat and Other Core Products

Technology

JD.com’s Q3 Revenue Beats Expectations, Profit Plunges Over 50% Amid Food Delivery Battle 

SST Hype Sends Newonder Special Electric Stock Soaring—But Fundamentals Lag

Pharma

AI Pharma Leader Insilico Medicine Files for Hong Kong IPO for Fourth Time

Guoxia Technology Refiles Hong Kong IPO Amid AI+Energy Storage Push and Profit Volatility