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In Depth: Inside the $50 Billion Rise of Moonshot AI

Driven by its groundbreaking Kimi K3 model, the Chinese startup’s pivot from a cash-burning app to an enterprise platform sent shockwaves through Silicon Valley

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China’s Investment Slump Deepens as Property Drag Overshadows Tech Shift

Eight-month drop misses estimates amid real estate woes and extreme weather, while Beijing highlights transition to quality over scale

Cover Story: The Gray Market Behind a Cross-Border Investing Boom

The collapses of ZD Group and Star Bridge Capital exposed a network of loosely regulated intermediaries, offshore vehicles and high-risk products that drew mainland investors into Hong Kong — and left many struggling to recover their money

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China’s August Retail Sales Barely Grow as Auto Slump Deepens

Sluggish 0.4% increase misses estimates despite trade-in subsidies, highlighting persistently weak consumer demand

Two Major State-Owned Carmakers Kick Off Consolidation to Boost Growth in Home Market

FAW is set to become GAC’s second-largest shareholder in a deal that could also pave the way for the merger of the automakers’ Toyota joint ventures

INSIGHT
Sep 11, 2026 03:46 PM
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A new residential complex in Hangzhou on Aug. 30, 2026. Photo: VCG

Commentary: China’s Property Market Is Finally Nearing the Bottom

Demographic shifts and deep price cuts suggest the real estate free fall is ending, but a new finished-home sales mandate means a swift rebound remains unlikely

Sep 15, 2026 08:22 PM
Security-camera footage of the suspect.

Knife Attack at Guangzhou University Hub Leaves Multiple Injured

The Monday evening attack in a busy commercial district left an undisclosed number of victims with facial injuries, prompting nearby universities to heighten campus security

Sep 15, 2026 08:14 PM
The Intermediate People’s Court of Jinan, in eastern China’s Shandong province, publicly delivered its first-instance verdict in the bribery case of Bi Jingquan, former standing committee member of the Chinese People’s Political Consultative Conference and former deputy head of its Economic Committee, on Sept. 15, 2026. Photo: CCTV News

Former China Drug Regulator Chief Sentenced to 14 Years for Bribery

Bi Jingquan, a former prominent health regulator who resigned amid a 2018 vaccine scandal, was convicted of accepting millions of dollars in bribes over a three-decade career

Sep 15, 2026 08:02 PM

Business Brief (Sept. 15): China Moves to Boost Smart Home Consumption

New mining safety standards to take effect next March, while cross-border capital pool policy for multinationals expands nationwide

Sep 15, 2026 06:35 PM
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China’s Industrial Output Beats Expectations on Tech, Exports

5.2% August growth outpaces forecasts, but recovery remains uneven amid property drag and sluggish domestic consumption

Sep 15, 2026 05:52 PM
Lei Haichao, head of China’s National Health Commission, attends a State Council press conference in Beijing on Sept. 14 outlining progress on the Healthy China initiative. Photo: VCG

China Overhauls Blood Donation Law to Avert Supply Crisis

The first major legislative revamp in 27 years proposes raising the maximum donation age from 55 to 65 and halving the required wait time between donations to combat a shrinking donor pool and surging clinical demand

Sep 15, 2026 04:06 PM

Regulator Exposes $27.4 Million Bribery Ring at Major Chinese Hospital

Medical staff at Hebei Medical University’s Second Hospital pocketed 184 million yuan in kickbacks over 11 years, defying Beijing’s aggressive nationwide crackdown on healthcare graft

Sep 15, 2026 03:52 PM
Hong Kong also wants to build a larger role in artificial intelligence beyond fundraising and listings. Photo: VCG

Hong Kong Bets on Global Links to Win Mainland Business

A record number of global and mainland companies are expanding in the city, drawn by its financial ecosystem and role as a super connector

Sep 15, 2026 10:31 AM
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CX Daily: The Gray Market Behind a Cross-Border Investing Boom

The collapses of ZD Group and Star Bridge Capital exposed a network of loosely regulated intermediaries, offshore vehicles and high-risk products

Sep 15, 2026 09:00 AM
Photo: VCG

China Aims for NEVs to Account for 70% of New Car Sales by 2030

The government’s five-year plan also includes setting higher power efficiency standards for electric passenger cars and promoting safe automated driving systems

Sep 14, 2026 07:04 PM
Photo: VCG

Z.AI Raises $5 Billion in Share Placement, Convertible Bond Sale

The Hong Kong-listed model developer will use 60% of the proceeds for R&D and computing infrastructure as competition heats up among Chinese AI firms

Sep 14, 2026 06:30 PM

Business Brief (Sept. 14): China Calls for Better Computing Power Infrastructure

China warns U.S. to stop espionage activities, IT ministry unveils special action plan for ‘AI+ software’

Sep 14, 2026 04:27 PM
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China Overhauls Futures Firm Rules to Curb Financial Risks

Strict capital requirements and subsidiary caps set to take effect next year

Sep 14, 2026 04:04 PM
A planned issuance of 300 billion yuan of special treasury bonds to recapitalize state-owned financial institutions offers a forward-looking buffer against economic shocks.

Opinion: China’s Preemptive Recapitalization Secures Financial Stability

A planned issuance of special treasury bonds to recapitalize state-owned financial institutions offers a forward-looking buffer against economic shocks

Sep 14, 2026 04:02 PM
Chen Yixin. Photo: VCG

Chinese Intelligence Chief Outlines Responses to Emerging AI Threats

Citing the proliferation of advanced U.S. models and open-source vulnerabilities, Minister Chen Yixin is calling for strict data governance, enhanced cyber defenses, and centralized oversight of the artificial intelligence sector

Sep 14, 2026 03:43 PM
Photo: VCG

Automaker FAW to Take Stake in GAC in Government Consolidation Push

The potential tie-up highlights a renewed effort by Chinese authorities to merge underperforming state-owned automakers, aiming to reduce excess capacity and create stronger national champions amid a grueling market slump

Sep 14, 2026 03:28 PM



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