Alibaba revenue grows 9% in Q3 2026 on cloud and AI boom
Alibaba’s AI division made notable strides, with its consumer-facing product, Qwen, surpassing 300 million monthly active users.
Year: 2026
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Geely’s 2025 revenue leaps 25%, but profits remain flat amid rising costs
However, profits point to a mixed picture. Despite the stellar revenue growth and record sales, Geely’s net profit in 2025 stood at 16.63 billion yuan.
Hangzhou rolls out $7M loan-interest subsidy coupons for tech firms
Coupons will be issued in 10 denominations ranging from 5,000 yuan to 200,000 yuan, allowing firms of different sizes to match subsidies with borrowing needs.
Unitree founder sees ‘ChatGPT moment’ for humanoid robots still 1-2 years away
He favors world-model approaches over Vision-Language-Action (VLA) models, arguing they can leverage vast online data for higher performance.
Zhejiang factory output accelerates despite ongoing price pressures
Zhejiang’s economy is heavily driven by privately owned manufacturers, making the province a bellwether for broader trends in China’s entrepreneurial industrial sector.
China taps Ningbo as test bed for next-phase industrial upgrade
The program reflects Beijing’s broader drive to redefine industrial competitiveness as global supply chains shift and technological self-reliance becomes a strategic priority.
Alibaba tilts campus hiring toward AI as talent war heats up
The recruitment push comes as Alibaba accelerates development of AI agents — software systems designed to execute tasks autonomously on behalf of users — a strategy the company sees as the next evolution of digital services.
Zhejiang EV exports double in Jan-Feb as carmakers accelerate global push
Exports to the European Union rose about 70%, shipments to ASEAN markets increased 1.4 times, and deliveries to Latin America surged more than sixteenfold.
AR startup Guangli bags 100M RMB in pre-Series B to scale smart sports glasses
The funding comes as competition intensifies in smart glasses and AI wearables, where Chinese startups are racing to carve out specialized niches ahead of larger electronics brands.
Alibaba unveils ‘Wukong’ AI platform to automate business workflows around the clock
The debut of Wukong also marks the first public appearance of Alibaba’s dedicated Wukong business unit, signaling closer integration across its broader ecosystem.