Auto marketplace Dasouche wins regulatory nod for US IPO, first in 2026
The approval suggests a potential reopening window for Chinese companies seeking US listings, following tighter regulatory scrutiny in recent years.
Year: 2026
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Hikrobot unveils over 35 products under ’embodied manufacturing’ push
Chief Executive Jia Yonghua said traditional automated production is reaching its limits amid increasingly fragmented demand and shortages of skilled labor.
BMW unveils AI cockpit agent in China with Alibaba partnership
The new cockpit system moves beyond voice recognition to execute complex user requests, marking what the companies describe as a transition toward “agentic AI.”
Alibaba Cloud widens lead in 2025 China cloud market, Gartner says
Revenue in China rose 34.4% year-on-year, outpacing the broader market’s 23.4% growth by more than 10 percentage points.
Qwen expands travel push with 100-plus partners ahead of May holiday
Li Bin said AI could reshape distribution channels in the travel industry, traditionally dominated by online travel agencies like Ctrip and Booking.com.
Alibaba opens Qwen to third-party services, starting with airline
On April 23, Qwen announced it is opening its “AI tasking” capability to third-party services, with China Eastern Airlines becoming its first integration partner.
Fortune 500 education arm becomes Zhejiang’s first EdTech unicorn
Hailiang Technology Services positions schools as its entry point, embedding AI-powered tools into teaching, management and student development.
Hangzhou adds 8 unicorns, tightening grip on Zhejiang’s startup landscape
As of April, Hangzhou accounted for 83% of the province’s 58 unicorns, up from 80% a year earlier.
Zhejiang unicorn ranks swell to 58 as AI, chips drive next wave
Hangzhou continued to dominate the landscape, home to 48 of the province’s unicorns, up from 44 last year—when it already hosted roughly four out of every five such startups.
Alibaba unveils unified avatar to anchor AI assistant drive
It will appear first in its standalone app before expanding into a broader range of services across the company’s ecosystem, according to the tech giant.