Beijing Post

Chinese AI Startup Manus Buys Back Meta Stake as Tencent Emerges as Lead Investor

Manus has secured a two-billion-dollar valuation in a buyback of equity from Meta after Chinese regulators ordered the unwinding of the American technology company’s acquisition, with Tencent emerging as the startup’s leading backer.

China Directs Flying Vehicle Industry to Develop Freight Applications Before Passenger Services

Chinese aviation regulators have told electric vertical takeoff and landing manufacturers to establish viable cargo businesses before pursuing more complex urban passenger operations, reflecting a cautious approach to commercializing fly...

Alibaba Opens Qwen Artificial Intelligence Platform to Third-Party Consumer Developers

Alibaba is allowing outside developers to integrate its Qwen artificial intelligence agents into smartphones, personal computers and smart devices as the company seeks to expand the technology’s consumer reach.

Ecuador President Daniel Noboa Plans State Visit to China

President Daniel Noboa is scheduled to visit Beijing in a move aimed at strengthening political trust and economic cooperation between Ecuador and China, including broader trade and infrastructure ties.

Chinese and Egyptian Air Forces to Hold Joint Military Exercises

China and Egypt are preparing bilateral air force exercises that will expand defense cooperation between Beijing and Cairo and extend China’s military engagement across the Middle East and North Africa.

China Rejects Philippine and Australian Protests Over South China Sea Operations

China’s Defense Ministry has defended recent coast guard operations near Ren’ai Jiao as restrained responses to Philippine vessels, rejecting diplomatic criticism from Manila and Canberra over activities in the disputed maritime area.

Former Chinese Premier Zhu Rongji Dies at Ninety-Eight

Zhu Rongji, a key architect of China’s economic reforms who oversaw major state-owned enterprise restructuring and China’s entry into the World Trade Organization, has died at the age of 98.

Chinese Chipmaker Yangtze Memory Rises to Third in Global NAND Flash Shipments

Yangtze Memory Technologies overtook Kioxia to become the world’s third-largest NAND flash supplier in the second quarter, benefiting from strong artificial intelligence demand and tight industry capacity despite United States export con...

China’s Central Bank Sets Five-Year Plan to Deepen Financial Reform and Renminbi Internationalization

The People’s Bank of China has unveiled a 2026-to-2030 framework to expand cross-border payments, develop offshore renminbi markets and strengthen Shanghai and Hong Kong as international financial centers while containing financial risks.

China’s New Energy Vehicles Surpass Sixty Percent of Domestic Auto Sales

Electric and plug-in hybrid vehicles accounted for more than six in ten new vehicle sales in China in July, marking a historic threshold in the country’s shift away from conventional internal combustion engines.

Beijing Expands World Humanoid Robot Games as China Pushes Embodied AI

The second World Humanoid Robot Games in Beijing will feature more than 2,000 robots from 16 countries across 51 technical categories, quadrupling the scale of last year’s inaugural event as China expands its focus on commercializing hum...

China Extends Anti-Dumping Duties on Indian Optical Fiber for Five Years

China’s Ministry of Commerce will extend anti-dumping duties on single-mode optical fiber imported from India for another five years from August 14, following a review requested by domestic manufacturers and as the country expands next-g...

Standard Chartered-Backed HKDAP Becomes Hong Kong’s First Regulated Stablecoin

A joint venture led by Standard Chartered has launched HKDAP, described as Hong Kong’s first regulated stablecoin, for corporate clients and professional investors as the city develops its digital-asset market amid competition and restri...

China Drafts New 2030 Air Quality Plan With Tighter Regional Pollution Controls

China’s Ministry of Ecology and Environment is preparing a nationwide action plan targeting average fine particulate matter concentrations below 27 micrograms per cubic meter by 2030, with stricter controls planned for major industrial r...

Huawei Holds 20% Weekly Smartphone Share in China Despite Market Contraction

Huawei maintained about 20 percent of China’s weekly smartphone market during the first half of 2026 even as overall domestic sales fell 8.6 percent year on year, reinforcing the company’s position as competition intensifies with Apple a...

Hong Kong Excludes Proprietary Traders From Planned Corporate Tax Break

Hong Kong financial authorities have confirmed that proprietary trading firms will not qualify for a planned corporate tax exemption designed to strengthen the city’s capital markets, limiting the scope of the measure as Hong Kong compet...

China’s Central Bank Signals Greater Focus on Short-Term Rates and Targeted Technology Lending

The People’s Bank of China plans to diversify loan-pricing benchmarks and refine its short-term interest-rate framework to improve monetary policy transmission, while continued strong lending to technology, green energy and digital econo...

China’s New Energy Vehicles Reach Record 65.1% Retail Market Share

China’s new energy vehicles captured a record 65.1 percent of retail car sales in July as battery-electric sales rose 6 percent while internal combustion engine vehicle sales plunged 44 percent year on year, widening the shift toward ele...

Huawei Leads China’s Push Toward Domestic Artificial Intelligence Chip Supply

China’s high-end artificial intelligence processor market is projected to become nearly 90 percent domestically supplied by the end of the year, with Huawei expected to lead local producers as export controls and rising demand accelerate...

China Aligns Administrative Rules With New Ecological and Environmental Code

Premier Li Qiang has approved revisions to 12 administrative regulations and the repeal of three others ahead of the Ecological and Environmental Code taking effect on August 15, strengthening alignment with national pollution controls a...

Senior ICBC Retail Banking Executive Disappears Amid Expanding Corruption Investigation

Zhang Hangyu, a senior retail banking executive at Industrial and Commercial Bank of China, has disappeared amid an expanding graft investigation, adding to recent regulatory and disciplinary actions involving personal banking operations...

China’s Kimi Launches AI-Focused Credit Card With Agricultural Bank of China and American Express

The July launch links credit-card spending and rewards to Kimi memberships and AI computing benefits, although some claims about conversational banking functions go beyond what the companies’ official materials currently confirm.

Xinjiang Reports Forty-Five Percent Rise in Foreign Visitors as Payment Systems Improve

Xinjiang recorded a forty-five percent increase in foreign visitors in the first half of the year, with more than one hundred and eighty thousand overseas travelers using streamlined mobile payment services as authorities promote easier ...

US Regulators Target Drone Maker Over Alleged Links to DJI Supply Chain

The US Federal Communications Commission has proposed restrictions on an American drone manufacturer over alleged technology-licensing and manufacturing ties to Chinese drone company DJI, widening scrutiny of Chinese technology links in ...

China Raises Typhoon Response as Dolphin Threatens Zhejiang and Fujian

China’s meteorological authorities have raised the emergency response level to Level II as Typhoon Dolphin approaches Zhejiang and Fujian, with heavy rain posing risks of urban flooding, mountain torrents and infrastructure damage.

Chinese AI Developer ModelBest Begins Preparations for Domestic IPO

Artificial intelligence startup ModelBest has begun regulatory preparations for an initial public offering as it seeks funding to expand on-device AI applications in China's automotive and education sectors.

China Imposes Provisional Tariffs of Up to Fifty-Four Percent on North American Pecans

China has ordered provisional deposit duties of up to fifty-four percent on pecan imports from the United States and Mexico, citing harm to domestic producers and adding another trade dispute to tensions with North America.

Tencent Music Integrates Audio Platforms to Counter ByteDance Competition

Tencent Music is integrating more closely with its parent company's ecosystem and the newly acquired Ximalaya platform as it seeks to defend its position in China's increasingly competitive digital audio and streaming market.

China’s High-Tech Exports Jump More Than Fifty Percent in July

Chinese exports of advanced technology and manufacturing goods rose more than fifty percent year on year in July, according to customs data, as foreign institutions increased their exposure to Chinese artificial intelligence and robotics...

ChangXin Memory Market Value Surges Past Three Trillion Yuan After Shanghai Listing

Chinese memory-chip maker ChangXin Memory Technologies has been added to the MSCI China All Shares Index after its Shanghai STAR Market debut pushed its market capitalization above three trillion yuan.

Hong Kong Launches First Regulated Stablecoin for Corporate and Professional Users

A consortium led by Standard Chartered has launched the HKDAP stablecoin for corporate clients and professional investors, advancing Hong Kong’s push to develop regulated digital assets within the territory’s distinct financial framework.

China Tightens Entry, Exit and Immigration Rules From September

China’s State Council has announced stricter rules covering entry and exit procedures, travel applications and immigration-related intermediary services, with the new measures scheduled to take effect in mid-September.

Chinese AI Startup Manus Buys Back Meta Stake as Tencent Becomes Lead Backer

Artificial intelligence agent developer Manus is buying back Meta’s stake for two billion US dollars following regulatory intervention, with Tencent providing financing as Manus continues operating independently.

Yangtze Memory Overtakes Kioxia to Become World’s Third-Largest NAND Flash Supplier

Chinese memory-chip maker Yangtze Memory Technologies Corporation has moved ahead of Japan’s Kioxia in global NAND flash shipments, strengthening China’s position in memory semiconductors as artificial intelligence demand drives the market.

China’s Central Bank Refines Short-Term Rate Framework to Improve Policy Transmission

The People’s Bank of China is placing greater emphasis on overnight rates within its monetary framework while maintaining ample liquidity, as policymakers seek to improve how changes in short-term rates feed through to the wider economy.

Deutsche Bank Wins Approval for First Foreign-Led Yuan Clearing Operation in Europe

The People’s Bank of China has authorized Deutsche Bank to process yuan payments from Frankfurt, marking the first time a foreign institution has been granted yuan clearing authority in the European market.

Former Chinese Premier Zhu Rongji Dies at 98

Former Chinese Premier Zhu Rongji, a leading economic reformer who helped steer China through the Asian financial crisis and oversaw its entry into the World Trade Organization, has died at 98.

Alibaba Cloud Cuts AI Data Center Deployment Time to One Hundred Days as Enterprise Demand Rises

Alibaba Cloud has shortened turnkey deployment timelines for large artificial intelligence data centers to one hundred days while opening its Qwen model platform to external developers, as Chinese cloud providers move to meet growing ent...

Chinese Property Developers Shift Toward Asset-Light Models as Housing Market Consolidates

Major Chinese property companies including Midea Real Estate are moving away from debt-funded residential land acquisitions toward commercial asset management and property services, seeking more stable cash flow as the housing market und...

China Warns Pacific Islands Forum Against Taiwan Participation at Palau Summit

China’s Foreign Ministry has urged the Pacific Islands Forum to uphold the one-China principle after Taiwan was announced as a participant at an upcoming leaders summit in Palau, warning that regional diplomatic relations could be affected.

Chinese GPU Developer Moore Threads Prepares Hong Kong IPO to Fund AI Expansion

Moore Threads has begun preparations for a Hong Kong stock market listing as the domestic graphics processor developer seeks offshore capital to advance chip design and expand artificial intelligence computing clusters with major cloud p...

China Imposes Provisional Anti-Dumping Deposits on Selected Agricultural Imports

China’s Ministry of Commerce has introduced provisional anti-dumping cash deposit requirements on selected agricultural imports from North America following preliminary trade investigations, seeking to protect domestic agricultural marke...

Chinese Chipmakers Poised to Capture Up to Ninety Percent of Domestic AI Server Market

Chinese semiconductor designers led by Huawei Technologies are projected to take as much as ninety percent of the domestic artificial intelligence server market this year as local chip production rises more than eighty percent year on ye...

China Directs Electric Vertical Aircraft Developers Toward Cargo Operations Before Passenger Flights

China’s transport and aviation regulators are directing developers of electric vertical takeoff aircraft to prioritize freight and logistics applications, with passenger services to follow only after strict safety standards and supportin...

Chinese Biopharma Developer BeOne Medicines Expands Cancer Drug Partnership Across Asia

BeOne Medicines has signed an exclusive regional licensing agreement with United States-based Revolution Medicines to develop and commercialize four targeted cancer therapies across China and major Asian markets covering two billion peop...