{"id":4906,"date":"2025-12-16T08:39:07","date_gmt":"2025-12-16T00:39:07","guid":{"rendered":"https:\/\/bccmedianews.com\/?p=4906"},"modified":"2025-12-16T08:39:11","modified_gmt":"2025-12-16T00:39:11","slug":"the-hundred-billion-business-of-the-starry-sea-chinas-commercial-spaceflight-reaches-a-historic-inflection-point","status":"publish","type":"post","link":"https:\/\/bccmedianews.com\/?p=4906","title":{"rendered":"The Hundred-Billion Business of the Starry Sea: China\u2019s Commercial Spaceflight Reaches a Historic Inflection Point"},"content":{"rendered":"\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">In December 2025, SpaceX internally revealed that it will launch an IPO in 2026 with a valuation of USD 1.5 trillion and expected annual revenue of USD 22\u201324 billion. Its Starlink revenue is already approaching NASA\u2019s full-year budget. Hailed as \u201cthe largest IPO in human history,\u201d this move is heating up global competition in the space economy. At the same time, China\u2019s commercial spaceflight is rising rapidly. Since its start in 2015, the market size is expected to exceed RMB 2.5 trillion (approximately USD 347 billion) in 2025, achieving a leap from \u201cfollowing\u201d to \u201crunning alongside.\u201d Satellites from multiple countries are \u201cridesharing\u201d on Chinese rockets, the Hainan Commercial Launch Site has completed universal stands, and Zhuque-3 has completed vertical takeoff and landing tests\u2014signs that China\u2019s space economy ecosystem is accelerating into shape. From being led by the \u201cnational team\u201d to \u201cnationwide joint progress,\u201d from breakthroughs at single points to the co-building of systems, China\u2019s commercial spaceflight now stands at a historic inflection point.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\"><strong>Policy Dividends Ignite an Industrial Singularity<\/strong><br>In November 2025, the China National Space Administration issued the <em>Action Plan for Promoting the High-Quality and Safe Development of Commercial Spaceflight (2025\u20132027)<\/em>, and for the first time set up a Commercial Spaceflight Department, marking the advent of a dedicated regulatory era for China\u2019s commercial spaceflight. Dubbed within the industry as a \u201cnew space infrastructure roadmap,\u201d the document explicitly proposes that by 2027 the commercial spaceflight industrial ecosystem should operate with high efficiency and coordination, and its scale should be significantly enlarged.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">The policy tailwind quickly transmitted to the capital markets. According to Choice data, Aerospace Development rose to its limit on 7 out of 11 trading days in November, while Raycus Defense hit the limit on 4 out of 5 days; over 20 concept stocks including Tongyu Communications and Qianzhao Optoelectronics also hit their ceiling. Behind this wave of limit-ups is the resonance of policy catalysis with industrial progress\u2014Aerospace Technology\u2019s 2025 commercial spaceflight revenue is expected to reach several tens of millions of RMB (approximately USD 3\u201313 million), and the value of structural parts per rocket at Chaoge Co., Ltd. is about RMB 10 million (approximately USD 1.39 million); some links have already entered the phase of delivering results.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">Even more noteworthy is the planned establishment of the National Commercial Spaceflight Development Fund, injecting \u201cpatient capital\u201d into this \u201ccash-burning\u201d industry. According to the <em>Action Plan<\/em>, the fund will guide social capital to make long-term, strategic, and value investments, focusing on key links such as reusable technology verification and the construction of launch-service standards systems. This \u201cpolicy + market\u201d dual-wheel drive model is reshaping the valuation logic of commercial spaceflight.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">Local governments are equally enthusiastic. Within two years, the Beijing Economic-Technological Development Area will allocate over RMB 4 billion (approximately USD 0.56 billion) to commercial spaceflight, building a \u201cBeijing Rocket Avenue\u201d shared R&amp;D base; Bengbu, Anhui has brought in Deep Blue Aerospace and Jiuzhou Yunjian, striving to build an important manufacturing base in the Yangtze River Delta by 2035; Haiyang, Shandong is building a \u201cSpace Avenue,\u201d constructing a complete ecosystem of sea launches and final assembly manufacturing. This three-dimensional policy support from the central to the local level is pushing China\u2019s commercial spaceflight onto the fast track of scaled development.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\"><strong>Technological Breakthroughs Open the Cost Ceiling<\/strong><br>China\u2019s commercial spaceflight is undergoing a qualitative change from \u201cusable\u201d to \u201cwell-usable.\u201d In 2024, LandSpace completed China\u2019s first vertical takeoff and landing recovery test at the 10-kilometer level; on December 3, 2025, the reusable Zhuque-3 rocket completed its maiden flight. Although this mission did not achieve the planned recovery of the first stage, it verified the correctness and rationality of Zhuque-3\u2019s full process of testing, launch, and flight, as well as the compatibility of system interfaces, and obtained key engineering data under the rocket\u2019s real flight state\u2014laying an important foundation for subsequent launch services and reliable sub-stage recovery and reusability. The chain reaction of such technological breakthroughs is revolutionary\u2014according to Deep Blue Aerospace\u2019s estimates, reusability can reduce the cost per launch from the \u201chundreds of millions of RMB\u201d level to the \u201ctens of millions of RMB\u201d level (several tens of millions of RMB, approximately USD 3\u201313 million), a 70% reduction compared with traditional expendable rockets.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">This cliff-like cost decline is activating market demand. At present, the launch cost of Chinese commercial rockets has fallen to RMB 50,000\u201360,000 per kilogram (approximately USD 6,944\u20138,333 per kg), and with the large-scale application of liquid rockets, the cost is expected to drop by a further 30%. In comparison, SpaceX\u2019s Falcon 9 is quoted on the international market at USD 3,000\u20135,000 per kilogram; Chinese companies already have an advantage in price competition. This cost advantage is directly translating into orders\u2014Lijian-1 completed a \u201cone rocket, nine satellites\u201d mission, three of which were foreign satellites; Galactic Energy signed launch agreements with Germany\u2019s FEM-Composites and Malaysia\u2019s Distant Blue; GalaxySpace reached cooperation with Thailand\u2019s True Corporation.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">Unlike SpaceX\u2019s integrated \u201csatellites, vehicles, launch sites, applications\u201d ecosystem, China\u2019s commercial spaceflight has blazed a path that balances \u201cspecialized and new\u201d with \u201cwhole-chain integration.\u201d Upstream, Sunway Communication has become the exclusive supplier of connectors for Starlink\u2019s ground terminals, with satellite business revenue expected to exceed RMB 1.5 billion (approximately USD 0.21 billion) in 2025; Western Materials supplies niobium-alloy engine components, with value per rocket of RMB 5\u201310 million (approximately USD 0.69\u20131.39 million); aerospace-grade insulation materials from Transtherm, certified by SpaceX, are being steadily exported.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">Midstream manufacturing shows a pattern of \u201cnational participation.\u201d The state teams\u2014CASC and CASIC\u2014lead high-lift rockets, while private companies such as Galactic Energy and CAS Space focus on segmented markets. In 2024, China completed 43 commercial launches, of which private rockets contributed 17. Even more noteworthy is how new technologies like 3D printing and digital manufacturing are reshaping production\u2014GalaxySpace\u2019s Nantong factory, aided by intelligent robots, has shortened satellite assembly time by 70%, with an annual capacity of 100\u2013150 satellites.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">The downstream applications market is equally vibrant. In 2024, revenue in China\u2019s satellite operations and applications industry reached RMB 80.4 billion (approximately USD 11.17 billion), with an average annual growth rate of over 15% in the past five years. From Anhui farmers using satellite data for precision irrigation, to \u201cLuojia-1\u201d mapping night-economy heat maps, to CloudWalk\u2019s meteorological constellation providing 15,000 occultation profiles per day, commercial spaceflight is permeating hundreds of industries. As Wang Wenjie of China Aerospace Science and Technology Corporation put it: \u201cChina\u2019s commercial spaceflight faces a core contradiction of \u2018exploding demand, insufficient capacity,\u2019 but that also signals massive room for growth.\u201d<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\"><strong>Capital Markets Welcome the \u201cSpace Age\u201d<\/strong><br>The year 2025 has become the IPO inaugural year for China\u2019s commercial spaceflight. In June, the China Securities Regulatory Commission released opinions on setting up a Sci-Tech Growth Tier on the STAR Market, explicitly supporting commercial spaceflight companies to adopt the fifth set of listing standards. Subsequently, CAS Space and LandSpace initiated listing counseling, while Space Pioneer and Galactic Energy completed IPO counseling filings. According to Xinding Capital data, more than 20 commercial spaceflight companies are currently in the IPO queue, and a cluster of listings is expected in 2026.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">There is internal logic to this capitalization process. China\u2019s commercial spaceflight market size grew from RMB 1.02 trillion (approximately USD 142 billion) in 2020 to RMB 2.34 trillion (approximately USD 325 billion) in 2024, a compound annual growth rate of 23.5%, and is expected to reach RMB 7.8\u201310 trillion (approximately USD 1.08\u20131.39 trillion) by 2030. Correspondingly, the global space economy surpassed USD 613 billion in 2024, with commercial spaceflight accounting for 78%. Faced with such certain growth, capital needs new value anchors.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">A deeper change lies in the restructuring of valuation systems. Traditional PE valuations no longer fit commercial spaceflight; the market has begun using a three-dimensional model of \u201corders + technology + resources.\u201d Sunway Communication, by virtue of being a Starlink supplier, has obtained a 40\u00d7 PS valuation; SRE Materials, thanks to breakthroughs in rocket engine materials, has seen its market value triple compared with its IPO; China Satcom, which holds a scarce operating license, enjoys a resource monopoly premium. This valuation restructuring is pushing commercial spaceflight from \u201cconcept speculation\u201d toward \u201cvalue investing.\u201d<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\"><strong>A Three-Year Window Will Determine the Competitive Landscape<\/strong><br>The next three years will be a strategic window for China\u2019s commercial spaceflight. According to CNSA\u2019s forecast, around 2030 China needs to achieve about 200 launches per year and an annual payload-to-orbit capacity of 1,000 tons. This implies that current launch capacity must increase by 5\u201310 times, generating procurement demand in the hundreds of billions of RMB. More urgently, after SpaceX\u2019s planned 2026 IPO, it will accelerate expansion, and international competition will become white-hot.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">Technological iteration is speeding up this process. In 2025, multiple reusable rockets\u2014including Zhuque-3, Tianlong-3, and Gravity-2\u2014will make their maiden flights; mega-constellations such as Qianfan and GW will enter intensive networking phases; Phase II of the Hainan Commercial Launch Site will begin, and sea launches will achieve \u201ctwo launches per week.\u201d This resonance of technology, demand, and capacity will push China\u2019s commercial spaceflight into the world\u2019s first tier around 2027.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">The ultimate value of commercial spaceflight lies in its application ecosystem. According to Taibo Think Tank projections, China\u2019s satellite internet market will grow from RMB 64.8 billion (approximately USD 9.0 billion) in 2024 to RMB 151.2 billion (approximately USD 21.0 billion) by 2030, a compound annual growth rate of 15%. But that is only the beginning\u2014once low-Earth-orbit constellations achieve global coverage, they will give rise to new formats such as space computing power, space manufacturing, and space agriculture.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">Some frontier explorations are already underway. The PIE-Engine \u201cTianquan\u201d large model from Aerospace Macro-vision enables intelligent interpretation of remote-sensing data; GalaxySpace\u2019s experimental satellite has completed direct-to-cell communication; Deep Blue Aerospace plans to carry out space 3D-printing experiments. As Yang Shaoxian of the China Center for Information Industry Development said: \u201cIn the era of new space infrastructure, new formats such as \u2018aerospace +\u2019 are sprouting, and space tourism and commercial lunar exploration are expected to see policy breakthroughs within 5\u201310 years.\u201d<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\"><strong>China\u2019s Opportunity in Global Layout<\/strong><br>\u201cGoing global\u201d has become a must-choose path for China\u2019s commercial spaceflight. The <em>Action Plan<\/em> released in November 2025 for the first time explicitly encourages enterprises to participate in international competition, forming a sharp contrast with SpaceX\u2019s intensifying monopoly. The former CEO of Europe\u2019s Arianespace publicly accused SpaceX of constituting a \u201cde facto space monopoly,\u201d offering an opening for Chinese enterprises to enter international markets.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">More critically, the Chinese model is being replicated overseas. Yuanxin Satellite is promoting overseas applications for the Qianfan constellation in cooperation with companies in Thailand, Brazil, and Malaysia; GalaxySpace is providing satellite network services to countries participating in the Belt and Road Initiative; CAS Space is lowering the entry threshold for emerging markets through \u201crideshare launches.\u201d This combined advantage of technology + cost + service is pushing China\u2019s commercial spaceflight to center stage in global competition.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">Looking back from the vantage point of 2025, China\u2019s commercial spaceflight has covered in ten years the ground that took developed countries thirty years; looking ahead, this RMB 2.5 trillion (approximately USD 347 billion) market is expanding at more than 20% per year. When reusable technology matures, constellations are networked, and applications explode, the space economy will no longer be the stuff of science fiction, but humanity\u2019s next trillion-dollar industry. In this voyage across the starry sea, China\u2019s commercial spaceflight is moving from follower to runner-alongside, and may even become a leader in certain fields.<\/p>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\">After all, when rocket launches become routine, when satellite manufacturing is standardized like car production, and when space tourism enters the consumer\u2019s everyday shopping list, the most thrilling business story of this era will only have just written its prologue.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"261\" data-attachment-id=\"1063\" data-permalink=\"https:\/\/bccmedianews.com\/?attachment_id=1063\" data-orig-file=\"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2024\/10\/introduce_Laura-Chen.png?fit=1167%2C476&amp;ssl=1\" data-orig-size=\"1167,476\" data-comments-opened=\"0\" data-image-title=\"introduce_Laura Chen\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2024\/10\/introduce_Laura-Chen.png?fit=640%2C261&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2024\/10\/introduce_Laura-Chen.png?resize=640%2C261&#038;ssl=1\" alt=\"\" class=\"wp-image-1063\" srcset=\"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2024\/10\/introduce_Laura-Chen.png?resize=1024%2C418&amp;ssl=1 1024w, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2024\/10\/introduce_Laura-Chen.png?resize=300%2C122&amp;ssl=1 300w, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2024\/10\/introduce_Laura-Chen.png?resize=768%2C313&amp;ssl=1 768w, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2024\/10\/introduce_Laura-Chen.png?w=1167&amp;ssl=1 1167w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p class=\"has-open-sans-font-family wp-block-paragraph\" style=\"font-size:20px\"><strong>[Disclaimer]<\/strong>: The above content reflects analysis of publicly available information, expert insights, and BCC research. It does not constitute investment advice. BCC is not responsible for any losses resulting from reliance on the views expressed herein. Investors should exercise caution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In December 2025, SpaceX internally revealed that it wi [&hellip;]<\/p>\n","protected":false},"author":256241814,"featured_media":4908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[132842,132876,132846,132860,132866,132844],"tags":[],"class_list":["post-4906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","category-china-focus","category-global-markets","category-market-trends","category-startups-innovation","category-technology"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pg46U3-1h8","jetpack-related-posts":[{"id":6602,"url":"https:\/\/bccmedianews.com\/?p=6602","url_meta":{"origin":4906,"position":0},"title":"Moonshot&#8217;s K3 Moment: A 2.8-Trillion-Parameter Open-Source Model, Sprinting Toward a Hong Kong IPO","author":"revieweditor","date":"2026\u5e7407\u670828\u65e5","format":false,"excerpt":"In the early hours of July 17, 2026, Moonshot AI o\u2026","rel":"","context":"\u5728\u201cAI &amp; Big Data\u201d\u4e2d","block_context":{"text":"AI &amp; Big Data","link":"https:\/\/bccmedianews.com\/?cat=132868"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/07\/moonshot-ai-e1785201348765.webp?fit=1176%2C662&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/07\/moonshot-ai-e1785201348765.webp?fit=1176%2C662&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/07\/moonshot-ai-e1785201348765.webp?fit=1176%2C662&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/07\/moonshot-ai-e1785201348765.webp?fit=1176%2C662&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/07\/moonshot-ai-e1785201348765.webp?fit=1176%2C662&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":2498,"url":"https:\/\/bccmedianews.com\/?p=2498","url_meta":{"origin":4906,"position":1},"title":"The Duality of Mixue Bingcheng: Surging Stock Prices and Food Safety Controversy","author":"revieweditor","date":"2025\u5e7403\u670821\u65e5","format":false,"excerpt":"Just over ten days after its debut in the capital \u2026","rel":"","context":"\u5728\u201cBusiness\u201d\u4e2d","block_context":{"text":"Business","link":"https:\/\/bccmedianews.com\/?cat=132842"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/03\/f41118c1-1eb5-4dcb-81ea-c49c86896e82.png?fit=1180%2C664&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/03\/f41118c1-1eb5-4dcb-81ea-c49c86896e82.png?fit=1180%2C664&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/03\/f41118c1-1eb5-4dcb-81ea-c49c86896e82.png?fit=1180%2C664&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/03\/f41118c1-1eb5-4dcb-81ea-c49c86896e82.png?fit=1180%2C664&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/03\/f41118c1-1eb5-4dcb-81ea-c49c86896e82.png?fit=1180%2C664&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5940,"url":"https:\/\/bccmedianews.com\/?p=5940","url_meta":{"origin":4906,"position":2},"title":"Unitree Rings the Bell First, Agibot Splits Into a Full Industry Chain: Humanoid Robots Face Their Real-World Commercialization Test","author":"revieweditor","date":"2026\u5e7406\u670805\u65e5","format":false,"excerpt":"2026 is widely recognized by the industry as the d\u2026","rel":"","context":"\u5728\u201cAI &amp; Big Data\u201d\u4e2d","block_context":{"text":"AI &amp; Big Data","link":"https:\/\/bccmedianews.com\/?cat=132868"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/06\/1744274556005-e1780639678116.jpg?fit=1176%2C662&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/06\/1744274556005-e1780639678116.jpg?fit=1176%2C662&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/06\/1744274556005-e1780639678116.jpg?fit=1176%2C662&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/06\/1744274556005-e1780639678116.jpg?fit=1176%2C662&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/06\/1744274556005-e1780639678116.jpg?fit=1176%2C662&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5089,"url":"https:\/\/bccmedianews.com\/?p=5089","url_meta":{"origin":4906,"position":3},"title":"Zhipu AI and MiniMax Ring the Bell One After Another: China\u2019s Large-Model Industry Faces a Major Test of Commercial Value","author":"revieweditor","date":"2026\u5e7401\u670816\u65e5","format":false,"excerpt":"January 8 and 9, 2026, are destined to be written \u2026","rel":"","context":"\u5728\u201cAI &amp; Big Data\u201d\u4e2d","block_context":{"text":"AI &amp; Big Data","link":"https:\/\/bccmedianews.com\/?cat=132868"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/01\/Zhipu-AI-e1768542740827.png?fit=1176%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/01\/Zhipu-AI-e1768542740827.png?fit=1176%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/01\/Zhipu-AI-e1768542740827.png?fit=1176%2C659&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/01\/Zhipu-AI-e1768542740827.png?fit=1176%2C659&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2026\/01\/Zhipu-AI-e1768542740827.png?fit=1176%2C659&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":3311,"url":"https:\/\/bccmedianews.com\/?p=3311","url_meta":{"origin":4906,"position":4},"title":"Insta360 Debuts on STAR Market: 5-Year Sprint Pays Off for Post-90s Founder","author":"revieweditor","date":"2025\u5e7406\u670818\u65e5","format":false,"excerpt":"Introduction:In early June 2025, on the final work\u2026","rel":"","context":"\u5728\u201cBusiness\u201d\u4e2d","block_context":{"text":"Business","link":"https:\/\/bccmedianews.com\/?cat=132842"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/06\/Insta360-X5-2025-06-1400x788-1-e1750205685838.webp?fit=1176%2C662&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/06\/Insta360-X5-2025-06-1400x788-1-e1750205685838.webp?fit=1176%2C662&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/06\/Insta360-X5-2025-06-1400x788-1-e1750205685838.webp?fit=1176%2C662&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/06\/Insta360-X5-2025-06-1400x788-1-e1750205685838.webp?fit=1176%2C662&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/06\/Insta360-X5-2025-06-1400x788-1-e1750205685838.webp?fit=1176%2C662&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":3660,"url":"https:\/\/bccmedianews.com\/?p=3660","url_meta":{"origin":4906,"position":5},"title":"The Mass Production Era is Halfway Through: Unitree Ignites a Humanoid Robot Revolution at WAIC","author":"revieweditor","date":"2025\u5e7408\u670801\u65e5","format":false,"excerpt":"Under the spotlight, two steel figures engage in f\u2026","rel":"","context":"\u5728\u201cAI &amp; Big Data\u201d\u4e2d","block_context":{"text":"AI &amp; Big Data","link":"https:\/\/bccmedianews.com\/?cat=132868"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/07\/maxresdefault-e1753948667566.jpg?fit=1176%2C662&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/07\/maxresdefault-e1753948667566.jpg?fit=1176%2C662&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/07\/maxresdefault-e1753948667566.jpg?fit=1176%2C662&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/07\/maxresdefault-e1753948667566.jpg?fit=1176%2C662&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/07\/maxresdefault-e1753948667566.jpg?fit=1176%2C662&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bccmedianews.com\/wp-content\/uploads\/2025\/12\/pexels-pixabay-2166-e1765845361920.jpg?fit=1176%2C784&ssl=1","_links":{"self":[{"href":"https:\/\/bccmedianews.com\/index.php?rest_route=\/wp\/v2\/posts\/4906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bccmedianews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bccmedianews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bccmedianews.com\/index.php?rest_route=\/wp\/v2\/users\/256241814"}],"replies":[{"embeddable":true,"href":"https:\/\/bccmedianews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4906"}],"version-history":[{"count":3,"href":"https:\/\/bccmedianews.com\/index.php?rest_route=\/wp\/v2\/posts\/4906\/revisions"}],"predecessor-version":[{"id":4911,"href":"https:\/\/bccmedianews.com\/index.php?rest_route=\/wp\/v2\/posts\/4906\/revisions\/4911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bccmedianews.com\/index.php?rest_route=\/wp\/v2\/media\/4908"}],"wp:attachment":[{"href":"https:\/\/bccmedianews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bccmedianews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bccmedianews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}