CHINA MARKET WATCH

RobotHumanoid Robotics Company PaXini Begins A-Share IPO Guidance, Valuation Exceeds RMB 10 Billion

ConsumptionChina’s Emerging Makeup Brands Exit as Beauty Industry Polarization Deepens

AIAnt Group Reorganizes Alipay Operations to Accelerate Agentic Commerce Strategy

AutoJAC Motors Shares Hit Limit-Up on Huawei Partnership Momentum and Renewed Maserati Cooperation Speculation

BatteryChina’s Sodium-Ion Battery Industry Advances Toward Commercialization as Supply Chains Scale and Cost Competitiveness Improves

CommodityChina’s Tire Industry Faces Broad-Based Price Adjustments Amid Rising Raw Material Costs

Real EstateChina’s New 40-Year Mortgage Policy: Early Bank Responses and Implementation Challenges

AIAlibaba CEO Eddie Wu: Machines Will Eventually Handle 99.9% of Thinking, Generating 1,000× More Thought Than Humans

Real EstateChina’s Public REITs Face Deep Correction, With Over 80% Down This Year — Are Valuations Now Attractive?

AIXiaomi Open-Sources MiMo-V2.6, Offering Comparable Intelligence at 1/20 to 1/60 the Price of Overseas Models

CoalChina’s Coal Exports Decline 18% MoM in August

AutoBYD’s Xi’an Base Launches Large-Scale Hiring Amid Shifting Production Dynamics

ChemicalChina’s Ethylene Oxide Prices Hit Multi-Year High, Profitability Diverges Across the Supply Chain

Real EstateNew World Development Spins Off Shanghai K11 for REIT Listing in Another Deleveraging Move

RegulationHKEX Proposes Lower Transaction Approval Thresholds, Shorter Lock-Up Period for Spin-Off Listings