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News

@yicaichina
yicaiglobal.com > news > china-securities-regulatory-commission-approves-cicc-to-merger-with-dongxing-securities-and-cinda-securities

China Approves CICC’s Acquisition of Two Smaller Brokerages

5+ day, 8+ hour ago   (311+ words) (Yicai) Sept. 8 -- Chinese regulators have given the green light to China International Capital Corporation’s proposed acquisition of two smaller rivals, clearing the way for the creation of the country’s sixth brokerage with assets of more than CNY1 trillion (USD140.5 billion). The China…...

@yicaichina
yicaiglobal.com > news > shanghais-livestream-economy-ranks-first-in-china-for-fourth-straight-year

Shanghai’s Livestream Economy Ranks First in China for Fourth Straight Year

1+ week, 5+ day ago   (144+ words) (Yicai) Aug. 27 -- Shanghai retained its spot as the leading Chinese city in livestream e-commerce last year, ranking first for the fourth year in a row. Shanghai’s livestream e-commerce retail sales rose 16 percent to around CNY573.4 billion (USD85.3 billion) in 2025 from the previous…...

@yicaichina
yicaiglobal.com > news > huawei-honor-other-chinese-smartphone-makers-hike-prices-by-up-to-20-as-memory-costs-soar

Huawei, Honor, Other Chinese Smartphone Makers Hike Prices by Up to 20% as Memory Costs Soar

1+ week, 5+ day ago   (385+ words) (Yicai) Sept. 1 -- Huawei Technologies, Honor and other Chinese mobile phone manufacturers have hiked prices by up to 20 percent starting today amid surging memory chip costs, with increases of as much as CNY1,000 (USD148) per device. Huawei's e-commerce platform VMALL shows that all…...

@yicaichina
yicaiglobal.com > news > zai-rises-after-chinese-firm-narrows-first-half-loss-as-open-platform-api-services-revenue-soars

Z.AI Rises After Chinese Firm Narrows First-Half Loss as Open Platform, API Services Revenue Soars

1+ week, 5+ day ago   (484+ words) (Yicai) Sept. 1 -- Z.AI's shares rose after the Chinese startup shrank its net loss and grew revenue from its open platform and application programming interface services more than 27 times in the first half of this year. Z.AI, formerly known as Zhipu…...

@yicaichina
yicaiglobal.com > news > dq-deploys-robot-at-24-hour-shop-on-shanghais-nanjing-west-road

DQ Deploys Robot at 24-Hour Shop on Shanghai's Nanjing West Road

1+ week, 5+ day ago   (414+ words) (Yicai) Sept. 1 -- International Dairy Queen has "hired" a humanoid robot to prepare ice cream at its 24-hour store on Nanjing West Road in Shanghai, just across from Louis Vuitton Malletier's ship-shaped flagship shop The Louis, with the android moving smoothly…...

@yicaichina
yicaiglobal.com > news > falling-costs-converging-hardware-push-humanoid-robot-race-toward-ai

Falling Costs, Converging Hardware Push Humanoid Robot Race Toward AI

1+ week, 6+ day ago   (609+ words) (Yicai) Aug. 31 -- Humanoid robots are becoming cheaper and increasingly alike in hardware, putting the models that control them at the center of the industry’s competitive race, Yicai learned at the second World Humanoid Robot Games. Humanoid robots delivered significantly better…...

@yicaichina
yicaiglobal.com > news > chinas-zai-unveils-glm-53-says-it-leads-open-source-ai-models-in-key-benchmarks

China’s Z.AI Unveils GLM-5.3, Says It Leads Open-Source AI Models in Key Benchmarks

3+ week, 11+ hour ago   (341+ words) (Yicai) Aug. 14 -- Chinese large model developer Z.AI, formerly known as Zhipu AI, today released GLM-5.3, claiming it is the highest-ranked open-source model across multiple mainstream benchmarks, with coding and artificial intelligence agent capabilities approaching those of Claude Fable 5, one of…...