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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

Commercial vessels are anchored near the Bab el-Mandeb Strait in the Gulf of Aden, Yemen, on Sept. 12, 2026. Photo: VCG

Major Shipping Lines Resume Suez Transit Despite Red Sea Risks

Maersk, Cosco and other carriers are restoring routes through the Red Sea and Suez Canal even as Houthi gains near Bab el-Mandeb underscore the region’s fragile security outlook

Pinduoduo Undercuts Apple on iPhone 18 Pro Ahead of China Debut

The Chinese e-commerce platform is offering Apple’s new flagship phone for 900 yuan below list price, highlighting how major retailers use marquee launches to drive traffic despite Apple’s tight pricing controls

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Sep 11, 2026 03:46 PM
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Zhang Chunlin

Former ABC Anhui Branch Head Probed in Widening Bank Graft Sweep

Zhang Chunlin is the latest high-profile executive to fall at the Agricultural Bank of China as regulators increasingly target reckless lending and systemic graft

Sep 16, 2026 03:36 AM
The office building of ByteDance’s Feishu technology unit in Beijing on Sept. 2, 2026. Photo: VCG

ByteDance Adds AI Agents to Feishu in Enterprise Push

he Chinese tech company is weaving AI agents into workplace software as competition with Tencent and Alibaba intensifies over corporate adoption

Sep 16, 2026 03:15 AM
Yu Ze. Photo: VCG

Former PICC Vice President Indicted for Massive Bribery

Yu Ze, a former vice president of PICC Group, allegedly funneled massive bribes into an elaborate pigeon-racing obsession

Sep 15, 2026 11:43 PM
A residential complex in Shanghai, pictured on Jan. 13. Photo: VCG

China’s Pre-owned Home Prices Extend Gains in Top-Tier Cities

Values rose for a sixth straight month in August in the country’s biggest cities, even as most major urban markets continued to record declines and momentum in the secondary market softened

Sep 15, 2026 11:14 PM
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
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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

Sep 15, 2026 04:23 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
Photo: VCG

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

Sep 15, 2026 01:01 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



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