Muxi’s IPO: The Industrial Restructuring Logic Behind the Breakthrough of Domestic GPUs and the Capital Frenzy
In product planning, Muxi has built a full-stack GPU product matrix spanning three major domains—AI computing, general-purpose computing, and graphics rendering—demonstrating a clear sense of strategic layering. The Xisi N-series focuses on intelligent computing inference; the Xiyun C-series targets integrated…
Commercialization Year One? A Focus on China’s Humanoid Robot Industry in 2026
On December 8, Zhiyuan Robotics delivered its 5,000th mass-produced humanoid robot off the line; on December 13, Unitree announced the launch of a humanoid robot app store. Looking back at 2025—from U-Number Technology’s H1 dancing a yangge on the Spring…
The Hundred-Billion Business of the Starry Sea: China’s Commercial Spaceflight Reaches a Historic Inflection Point
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 22–24 billion. Its Starlink revenue is already approaching NASA’s full-year budget. Hailed as…
Google Android Show Blows Up Late at Night: When Gemini Opens Its “Two Eyes,” the Future of AI Glasses Is Redefined
A launch event without a barrage of parameters may turn out to be 2025’s most important technology inflection point. In the early hours of December 9, Beijing time—while most tech media were still dissecting the bleak sales of Apple’s Vision…
Doubao AI Phone Assistant Debuts: Not Making Phones but Reconstructing the Experience, The Ecosystem Ambition Behind a 3,499-Yuan Engineering Device
In December 2025’s AI track, the smartphone field has seen another heavyweight move—ByteDance has jumped out of the conventional play of “self-developed phones,” directly releasing the technical preview of the Doubao Phone Assistant and jointly launching the engineering prototype nubia…
Meituan Keeta Enters Brazil: A “São Paulo Battle” to Test the Overseas Expansion of Chinese Tech
On December 1, 2025, Meituan’s international food-delivery brand Keeta entered São Paulo, Brazil, and eight surrounding cities, launching a “USD 1 billion over five years” investment plan. To open the market, Keeta is taking three actions: investing BRL 1 billion…
Autoimmunity: Can a “King of Drugs” Be Born in China?
In November, The Lancet published a paper from Shanghai Changhai Hospital showing that systemic lupus erythematosus may be curable via a CAR-NK cell therapy— a milestone moment in autoimmune therapy. Humira once topped the global drug sales rankings for 11…
The Talent Gap Is Already Evident, Five Departments Join Forces to “Train Up” for Data as a Production Factor
On December 2, the National Development and Reform Commission, the National Data Administration, the Ministry of Education, the Ministry of Science and Technology, and the Organization Department of the CPC Central Committee issued the Opinions on Strengthening the Development of…
MINISO Q3 Revenue Tops RMB 5 Billion, Store Count Exceeds 8,000
In the third quarter of 2025, MINISO delivered a report card that mixed highlights with challenges: quarterly revenue topped the RMB 5 billion mark for the first time (RMB 5.756 billion, ≈ USD 0.799 billion, using 1 USD ≈ RMB…
Energy Storage Booms! A Read on the Current Status of China’s Energy-Storage Battery Track
“China’s energy-storage batteries are expanding rapidly on the production side. This year’s output is expected to exceed 550 GWh, while power-battery output is approaching 1,000 GWh.” In an interview with Jiemian and other media, BloombergNEF energy-storage analyst Shi Jiayan provided…