# China%20tech
Latest news and articles about China%20tech
Total: 22 articles found
Meituan Acquires Dingdong Maicai for $717m, Accelerating Consolidation of China’s Fresh‑Grocery Market
Meituan will acquire Dingdong Maicai for US$717 million, bringing the fast‑delivery grocer into its fold while excluding Dingdong’s overseas business. The deal consolidates China’s competitive fresh‑grocery sector and gives Meituan scale and logistics density that could improve last‑mile economics.
WeChat Blocks Viral Red‑Packet Links as Tencent Cracks Down on Incentivised Sharing
Tencent limited the ability to open Yuanbao red‑packet campaign links directly in WeChat after user complaints that the promotion used task‑based incentives to induce high‑frequency sharing in group chats. Citing its external link rules against share inducements, Tencent moved to restrict the links while Yuanbao says it is urgently revising its sharing mechanism.
Kunlun Wanwei Unveils Skywork Desktop — an AI Agent That Runs Directly on Your PC
Kunlun Wanwei has launched Skywork Desktop, a desktop AI agent that runs locally and processes files on a user’s machine without uploading them to the cloud. The move reflects demand for privacy‑preserving, low‑latency AI but brings its own security and management challenges for organisations.
China Optical-Module Supplier Poised for Near-Double Profit as AI-Driven Data‑Center Spend Surges
Zhongji Xuchuang forecast a near‑doubling of 2025 net profit to RMB 9.8–11.8 billion, driven by surging demand for high‑speed optical modules from data‑centre and compute expansion. The guidance highlights how AI and cloud capex are boosting suppliers in China’s photonics supply chain, though cyclical demand and competitive pressures pose risks to sustainability.
AI Data‑centre Build‑outs Drive Chinese Optical‑Module Profits to Historic Peaks — But Growth Is Uneven
China's leading optical‑module makers have issued 2025 profit forecasts that reflect a surge in demand from AI data‑centre deployments. Xinyisheng and Zhongji Xuchuang expect historically large, core‑business‑driven profit gains, while Tianfu Communication posts solid but smaller growth, underscoring an uneven competitive landscape.
Pony Ma’s RMB1bn AI Counterattack: Tencent Bets ‘Yuanbao’ and Red‑Envelope Growth to Reclaim Social Ground
Tencent has launched a concentrated RMB1 billion push to embed AI into social products, notably upgrading its Yuanbao offering to group chat and using culturally resonant red‑envelope incentives to drive adoption. The plan leverages Tencent’s social graph and payments infrastructure but must navigate regulatory scrutiny and fierce competition from Chinese AI rivals.
Ai Hype, Real Losses: Megmeet’s Stock Soars While Profit Plummets as It Reinvests for AI Power Supplies
Megmeet, a Chinese power-electronics supplier, reported a sharp fall in 2025 profits as margins compressed and R&D spending surged, yet its shares have soared on hopes that new AI server power-supply business will deliver blockbuster revenue. The company has raised fresh equity to finance R&D and capacity expansion and is counted among suppliers to Nvidia’s GB200 rack project, but execution and certification risks make its future performance highly uncertain.
A Young Programmer’s Sudden Death Puts China’s Tech Overtime Culture Under the Microscope
A 32-year-old manager at Shiyuan, Gao Guanghui, collapsed and died suddenly at home in late November. His widow says chronic overwork, a heavy workload after a transfer, and a company culture that rewarded long hours are key parts of the context; the employer has paid RMB390,000 but denies legal responsibility. The case highlights broader concerns about occupational health, overtime norms and employer accountability in China’s technology sector.
Foxconn Industrial Internet Sees Profits Surge as 800G Switches and AI Servers Drive a Data‑centre Boom
Foxconn Industrial Internet expects a roughly 56–63% year‑on‑year jump in Q4 2025 net profit and a 51–54% rise for the full year, driven by explosive sales of 800G+ switches and AI servers. The results reflect a major upgrade cycle in Chinese data centres as cloud providers scale up capacity for large AI models, while also exposing the company to customer concentration and component‑supply risks.
iFlytek Sees Net Profit Climb of 40–70% in 2025 as ‘Spark’ AI Model Drives Commercial Wins
iFlytek forecast 2025 net profit of Rmb785–950 million, a 40–70% increase, citing rapid deployment of its large‑model AI "Spark" and stronger government procurement. About Rmb300 million of the gain comes from non‑recurring government grants, so investors should separate one‑offs from recurring commercial momentum.
China’s Spring Festival Gala Becomes a Battleground for Humanoid Robots — Yush, Galaxy General and Magic Atom Jockey for Centre Stage
Three leading Chinese embodied-AI firms—Yush Technology, Galaxy General and Magic Atom—have been named partners of CCTV’s 2026 Spring Festival Gala, turning the national broadcast into a competitive showcase for humanoid robots. The appearances underscore a broader industry inflection: rapid shipment growth, major financing rounds, and a race between publicity and practical commercialization.
Li Auto’s Big Bet: From Electric SUVs to Humanoid Robots and the Push for ‘Embodied Intelligence’
Li Xiang told Li Auto staff that the firm will evolve from an electric‑vehicle maker into an "embodied intelligence" company, pursuing base models, inference chips, an OS and humanoid robots. The strategic shift reflects investor pressure for higher‑margin AI products, recruitment of robotics talent, and significant technical and regulatory hurdles ahead.