China Deep Dive

AI

Alibaba Expands Qwen AI into Open Agent Ecosystem, KFC, Luckin Coffee and China Eastern Airlines Among First Integrations

IPO Watch

“World Supermarket” Yiwu Commodity City Heads for Hong Kong IPO, Rental-Based Model Faces Pressure

AI

Defu Technology to Invest 3.1 Bn Yuan in High-End AI Copper Foil Expansion Amid Industry Supercycle and Rising Debt Risks

China’s Electric Truck Sector Sees Intensive Financing, Two Firms File Hong Kong Listings in May

IPO Watch

Liuliumei Refiles Hong Kong IPO as Bet-On Deadline Approaches, Core Product Line Hits Growth Ceiling

Bank

Retail Banking Under Pressure: How Did Some Banks Still Grow Amid Headwinds?

CITIC Securities to Raise HK$16 Bn from Largest Shareholder to Accelerate Overseas Expansion

China’s Steel Industry Enters New Era of Consolidation Under “Strictest-Ever” Capacity Replacement Rules: Part II

China’s Steel Industry Enters New Era of Consolidation Under “Strictest-Ever” Capacity Replacement Rules: Part I

Sinomine Resource Seeks 5.2 Bn Yuan Placement to Fund Multi-Metal Expansion

Auto

Chinese Automakers Scouting Idle Production Capacity Globally to Accelerate Overseas Expansion

Commercial Satellite Manufacturer MinoSpace Seeks STAR Market IPO Amid High Costs and Commercialization Challenges

M&A

CICC Unveils Draft Plan for Merger with Dongxing and Cinda Securities, Creating Top-Tier Investment Bank

Energy

China’s Hydrogen Energy Industry Faces Major Shake-Up, 40% Firms Could Disappear by Year-End

AI

China’s Three Tech Giants Double Down on AI Investment, Commercialization and Efficiency Strategies Diverge