China Deep Dive

Consumption

Luckin Coffee Enters Bottled Ready-to-Drink Market to Expand Retail Presence

Lithium

Tinci Materials Posts Strong 2025 Earnings on Lithium Market Rebound, Plans Million-Ton Expansion

Spacesail Satellite Disclose Financing Plan and Global Expansion Amid Early-Stage Losses

IPO Watch

Huge Dental Files for Hong Kong IPO for Third Time Amid Stagnant Growth and Rising Costs

Legend Biotech CAR-T Sales Surge as Profitability Nears: Opportunities and Challenges

IPO Watch

Estun Automation Plunges on Hong Kong Debut, Trades Nearly 50% Below A-Shares Amid Earnings and IPO Liquidity Pressures

Technology

ZTE Profit Fell 30% in 2025 as 5G Boom Fades —Can a Bet on Computing Power Break the Deadlock?

Technology

JD.com’s Growth Slows as Subsidy Effects Fade and New Business Investments Drive Quarterly Loss

Auto

BYD’s Defining Year: From Market Challenger to Global Defender — Where Is the Next Growth Engine?

Auto

BBA Escalates Auto Price War in China as Sales Decline Forces Strategic Reset

Gold

Laopu Gold Launches First Price Adjustment of 2026, Five Adjustments in Two Years Total 64% Growth

Semiconductor

Chinese Chip Leader Hygon’s 2025 Performance Misses Expectations, Employee Shareholding Plan to Cash Out Nearly 3B Yuan

AI

From Red Envelope Wars to AI Hardware: Alibaba’s Qwen Sets Sights on Global AI Glasses Market

Consumption

Trip.com Post Strong 2025 Earnings with 95% Net Profit Surge, Driven by Inbound Tourism and Senior Travel

IPO WatchPharma

Behind Acrobiosystems Hong Kong IPO: Declining Capital Efficiency and Mounting Inventory Risks