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Visitors gather at the Moonshot AI booth during the 2026 World Artificial Intelligence Conference in Shanghai. The Chinese startup kicked off the event by releasing Kimi K3, a massive open-source model. Photo: Yang Ziyue/Caixin

In Depth: At WAIC, China’s AI Boom Runs Into Commercial Reality

Chinese tech giants are pushing the limits of computing clusters, enterprise agents and robotics. But as the hype settles, the industry faces a grueling reality check on commercial viability and consumer demand

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Caixin Explains: How China’s New Offshore Trust Rules Close Tax Loopholes

A 90-day grace period allows wealthy individuals to settle back taxes, as multilayered structures and foreign passports will no longer offer a shield

Cover Story: China’s Power Market Enters a More Volatile Era as Prices Go Real Time

As spot trading spreads and renewable capacity surges, China’s move toward market-based electricity pricing is bringing sharper price swings, higher balancing costs and new strains for power retailers, generators and industrial users

Alibaba Releases New Qwen Model, Consolidates AI Office Tools

The dual release of Qwen3.8-Max and the integrated QwenWork platform marks a strategic push under new leadership to unify the Chinese tech giant’s workplace technology strategy

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Jul 31, 2026 04:23 PM
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Founded in 1993 by Chen Dejun and his sister, STO Express was an early pioneer of the franchise model in China’s private courier industry. Photo: VCG

China Postal Regulator Opens Probe Into STO Express Over Safety Lapses

State Post Bureau says the courier company failed to enforce unified safety management across its franchise system, underscoring tighter scrutiny of logistics operators

Aug 05, 2026 03:55 AM
Optical modules are mass-produced in a cleanroom at East Lake, Wuhan. Photo: VCG

U.S. Drafts Ban on Chinese Optical Modules, Exposing Mutual Supply Chain Risks

A proposed FCC import ban, expected in 2026, sent North American optical-communications shares higher while underscoring the industry’s heavy dependence on Chinese suppliers and manufacturing capacity

Aug 05, 2026 03:16 AM
On Aug. 3, China Cinda Asset Management Co. Ltd. issued a profit warning. Photo: VCG

China Cinda Warns of First-Half Profit Drop as Property Slump Weighs

A shift in tax treatment and a smaller loss at its property subsidiary are set to weigh on shareholder-attributable earnings, highlighting continued pressure on China’s distressed-debt managers amid the real-estate downturn

Aug 05, 2026 01:49 AM
Players line up to participate in activities at the Activision Blizzard booth at ChinaJoy on Aug. 1, 2026. Photo: Guan Cong/Caixin

AI Floods the Games Market, but Original Hits Remain Scarce

A boom in generative AI has sharply increased the number of new game releases on platforms such as Steam and TapTap. Investors and developers say the technology is improving efficiency far faster than it is producing the kind of original, durable intellectual property players want

Aug 05, 2026 01:11 AM
Construction at the Lynas rare-earth plant in Gebeng, Kelantan state, Malaysia. Photo: VCG

Malaysia Weighs Conditional Easing of Raw Rare Earth Export Ban

Officials say any relaxation would be tied to foreign investment and technology transfer as global buyers seek alternatives to Chinese supply

Aug 05, 2026 12:15 AM
Only six developers recorded sales of between 30 billion yuan ($4.4 billion) and 100 billion yuan in the first seven months of 2026.. Photo: VCG

China’s Housing Slump Squeezes Mid-Tier Developers

Years of reduced land acquisitions and sluggish demand have decimated the middle ranks of China’s real estate sector

Aug 04, 2026 07:09 PM

Business Brief (Aug. 4): China Cracks Down on Auto Industry’s Cutthroat Competition

Regulators mandate longer reliability tests for NEVs, ChinaJoy highlights AI gaming trend

Aug 04, 2026 07:08 PM
Workers at an electronic component company work on an assembly line in Sihong, Jiangsu province. Photo: VCG

Commentary: Structural Shifts Anchor Chinese H1 Economic Resilience Beyond Q2 Dip

Despite a second-quarter slowdown, robust exports and booming tech innovation are keeping Beijing’s full-year growth target within reach

Aug 04, 2026 04:27 PM
Photo: Nikkei montage

U.S.-Japan Intervention Lifts Yen, but Concerns Remain

Washington stepped in amid fears a broad selling of the currency and Japanese government bonds could trigger a selloff of Treasurys

Aug 04, 2026 11:43 AM
Workers inspect yarn production at a workshop in Zaozhuang, Shandong province, on July 15, 2026. Photo: VCG

Commentary: How China Can Navigate Its K-Shaped Transformation

As artificial intelligence drives a wedge between surging tech sectors and a collapsing real estate market, Beijing must use targeted fiscal policy and sovereign bonds to bridge the gap

Aug 04, 2026 01:30 PM
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China’s Entrusted Local Pension Funds Post 5.8% Annual Return

The funds have logged ninth straight year of gains despite market volatility

Aug 04, 2026 12:53 PM

Tech Brief (Aug. 4): Alibaba Launches New Large Model to Power Enterprise-Facing AI Agent

Ant Group’s embodied AI subsidiary seeks independent funding, MiniMax open-sources video generation model H3

Aug 04, 2026 11:27 AM
Graphic: Shi Yan/Caixin

Commentary: Civil Service Cheating Scandal in Henan Strikes at the Heart of Youth Anxiety

With employment pressures driving fierce competition for government jobs, a blatantly rigged public service exam in Henan province has ignited nationwide fury

Aug 04, 2026 09:09 AM
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CX Daily: China’s Power Market Enters a More Volatile Era as Prices Go Real Time

China’s move toward market-based electricity pricing is bringing greater volatility and new strains for power generators, vendors and users

Aug 04, 2026 09:00 AM
Photo: VCG

China’s Renewed Anti-Crime Sweep Emphasizes Legal Restraint to Shield Private Sector

The one-year drive will target traditional syndicates and online extortion rings, as legal experts warn against the profit-driven policing and padded quotas that marred previous efforts

Aug 04, 2026 08:58 AM
File photo: Chen Xinwu. Photo: VCG

Chongqing Names Acting Mayor, Police Chief in Sweeping Leadership Reshuffle

The municipal reshuffle fills critical leadership vacancies left by the March ouster of the former mayor and the sudden death of the city’s top police official in May

Aug 04, 2026 08:33 AM



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