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Close-up of military officer wearing uniform giving thumbs up gesture, ring visible.
World2/12/2026, 10:24:53 AM

Chinese Navy Unit Upgrades Family Housing Ahead of Lunar New Year to Boost Morale

A navy brigade in China’s Eastern Theater Command has refurbished temporary family housing and outdoor play areas ahead of the Lunar New Year, easing earlier shortages that forced families to stagger visits. The upgrades—featured in a SoMi report—aim to boost morale, retention and the everyday well‑being of servicemen posted away from home.

Majestic view of Shanghai's illuminated skyline featuring iconic skyscrapers at night.
Business2/12/2026, 5:14:34 AM

Former Guangzhou Tycoon Sentenced to Life as Cedar Holdings Collapse Leaves Retail Investors Ruined

A Guangzhou court sentenced Cedar Holdings founder Zhang Jin to life imprisonment and ordered confiscation of his assets after finding him guilty of large‑scale fundraising fraud. The collapse of Cedar’s trust and wealth products left about 6,800 investors short roughly RMB 20 billion, with retail holders likely to recover only a tiny fraction of their losses.

Stunning aerial shot of Shenzhen's modern stadium surrounded by skyscrapers, showcasing urban architecture and cityscape.
Business2/12/2026, 5:14:30 AM

When Developers Gift Gold: How Chinese Realtors Used Bullion to Sell Flats as Prices Slid

Chinese developers have used gifts of gold and other in-kind incentives to bridge the gap between asking prices and buyer expectations during a property downturn. A recent rise in bullion prices has made some of these promotions look like profitable hedges in hindsight, but industry practitioners say the effect is coincidental and marketing-driven rather than a durable solution to weak demand.

Vivid display of colorful Chinese lanterns featuring traditional art in Nanjing, China.
Business2/12/2026, 5:04:33 AM

Beijing Injects Rmb20.5bn into Lunar New Year Consumption Blitz — Prize-invoice lottery and loan subsidies aim to jump‑start spending

Beijing has deployed roughly Rmb20.5 billion in vouchers, subsidies and prizes over a nine‑day Lunar New Year period to spur household spending, backed by a larger Rmb625 billion trade‑in fund and a Rmb100 billion prize‑invoice pilot. The package combines fiscal transfers, retail supply measures and financial easing aimed at converting available goods and services into sales, but its long‑term effectiveness depends on household confidence and income growth.

Close-up of wooden Scrabble tiles spelling 'China' and 'Deepseek' on a wooden surface.
Technology2/12/2026, 5:04:33 AM

China’s Tech Giants Turn Spring Festival into an AI‑Fuelled Red‑Envelope Arms Race

China’s leading tech platforms have launched an extraordinary Lunar New Year promotional battle that blends cash red packets, steep discounts and AI features, with announced spends approaching 10 billion yuan (~$1.4bn). The campaigns aim not only to drive immediate consumption but to train users on AI interactions and lock them into each firm’s ecosystem.

A close-up of various silver bullion coins, showcasing intricate designs on a reflective surface.
Business2/12/2026, 5:04:28 AM

Why Silver Crashed: Crowded Bets, Fragile Liquidity and the Cost to Small Investors

Silver’s dramatic surge and sudden crash in early 2026 exposed a commodity market strained by crowded speculative bets, structural liquidity limits, and a large inflow of retail money into ETFs and physical holdings. A shift in macro expectations—especially around U.S. monetary policy—and programmatic deleveraging triggered a liquidity dry‑up that caused sharp price falls and heavy losses for many investors.

Woman wearing a face mask shopping for apparel indoors, emphasizing safety and fashion.
Business2/12/2026, 5:04:27 AM

China’s Huazhu Told to Reform Loyalty Terms after Beijing Flags Mandatory Arbitration Clause

Beijing’s consumer watchdog has ordered Huazhu’s membership-services operator to review and fix a clause that requires disputes to be arbitrated in Shanghai, saying it unlawfully restricts consumers' right to sue. The move highlights growing regulatory scrutiny of standard-form contract terms in China and poses compliance and reputational challenges for the country’s largest hotel group.

Stunning view of Hong Kong skyline with skyscrapers and observation wheel from Victoria Harbour.
Business2/12/2026, 4:54:33 AM

Exhibition Mogul’s Baijiu Gamble Unravels as 132m‑Yuan Tax Bill Exposes Fragile Empire

Hengchang, the baijiu venture of exhibition magnate Deng Hong, has been hit with 132 million yuan in tax arrears amid collapsing prices, channel breakdowns and excess inventory. The case exposes larger vulnerabilities in China’s premium sauce‑flavour liquor boom, where heavy marketing, property ties and leverage masked weak consumer fundamentals.

Close-up of gold bars on a dark background, representing wealth and investment opportunities.
Business2/12/2026, 4:54:28 AM

Gold’s Decade of Reinvention: From Safe Haven to Strategic Reserve

Over the last decade gold has transformed from a peripheral hedge into a central asset, rising more than 300% from under $1,100 to peaks above $5,000 per ounce by early 2026. The shift is driven by sustained central-bank buying, weakening dollar share of reserves, low real interest rates and heightened geopolitical risk, but the market now displays greater volatility and complex implications for investors and policymakers.

Close-up of three brown eggs on textured blue fabric; one egg is cracked open revealing the yolk.
Business2/12/2026, 4:54:27 AM

Premium by Promise: How 'Functional' Eggs Are Rewriting China's Egg Market

Chinese retailers and producers are charging significant premiums for eggs labelled as 'functional'—selenium‑enriched, DHA‑fortified, antibiotic‑free or suitable for raw consumption—by leveraging feed additives, tighter husbandry and marketing. Costs and risk management differ sharply across these claims, and tightening regulation is likely to compress ambiguous premiums, favouring integrated producers who can internalise the investments required.

Young boy displaying colorful Chinese New Year ornament, symbolizing luck and joy.
Technology2/12/2026, 4:44:41 AM

Meituan Turns Its AI Concierge into a Lunar New Year Sales Engine as Holiday AI War Heats Up

Meituan has upgraded its AI concierge “问小团” for the Lunar New Year to offer verified, transaction‑ready local recommendations and holiday coupons, aiming to convert queries into on‑platform purchases. The move highlights a broader industry push to make generative AI the primary interface for commerce, raising questions about accuracy, merchant obligations and regulatory oversight.

Close-up studio shot of a white robot toy with LED eyes raised in victory on a gray background.
Technology2/12/2026, 4:44:38 AM

Big Bets on Humanoids: Apptronik Raises $520m as Google and Mercedes-Ben z Join Strategic Backers

Apptronik has closed a $520m A‑X round, bringing its Series A total to over $935m and nearly $1bn raised overall. The financing attracted strategic investors from tech, automotive, telecom and agriculture, underscoring renewed appetite for commercialising humanoid robots and signalling a new phase where big corporate money supports the transition from lab prototypes to industrial pilots.

Elegant Tesla Model S parked outdoors against a modern backdrop, showcasing luxury and innovation.
Technology2/12/2026, 4:44:36 AM

Musk’s Moon Plan: Build a Lunar Factory to Mass‑Produce AI Satellites

Elon Musk told xAI staff that the company should build a factory on the Moon to manufacture AI satellites, arguing lunar production would provide unmatched compute and deployment advantages. The plan leverages SpaceX’s heavy‑lift ambitions but faces significant technical, economic and regulatory hurdles and could reshape strategic competition over AI infrastructure in space.

A vintage typewriter displaying the word 'Deepfake' on paper outdoors, highlighting technology contrast.
Technology2/12/2026, 4:34:34 AM

Seedance 2.0: China’s Groundbreaking AI Video Engine That Both Liberates and Alarm

Seedance 2.0, a Chinese generative video model, can produce hyper-realistic footage by integrating image, motion, audio and text, lowering the barriers to making sophisticated video. Its realism has sparked copyright backlash and deepfake concerns even as China’s large user base, open-source releases and supportive AI policy accelerate development and adoption.

Expansive multi-level library in Mexico City showcasing modern architecture and vast book collections.
Technology2/12/2026, 4:34:33 AM

China’s Mianbi AI Unveils SALA and a 9B Model That Promises Million‑Token Contexts and Faster Long‑Context Inference

Mianbi Intelligence has released SALA, a hybrid sparse‑linear attention architecture, and a 9B model called MiniCPM‑SALA that claims large inference speed gains and support for up to one million token contexts. If independently validated, the design could make very long‑context applications feasible on mid‑sized models and a range of inference hardware.

A stunning view of Hong Kong's skyscrapers and urban skyline at twilight.
Business2/12/2026, 4:34:31 AM

Dongfeng’s Lantu Cleared for Hong Kong Listing, Marking a Milestone for State‑Owned EVs

Lantu has secured all pre‑listing regulatory approvals and conditional HKEX consent to list in Hong Kong by way of introduction, following a CSRC filing valid from January 22. The listing is embedded in a two‑stage corporate restructure that will distribute Lantu shares to Dongfeng shareholders and privatize Dongfeng Group, positioning Lantu as a likely first centrally owned EV firm to list overseas.

Modern data center corridor with server racks and computer equipment. Ideal for technology and IT concepts.
Technology2/12/2026, 4:34:30 AM

Meta Commits Over $10 Billion to a 1‑GW Data Centre in Indiana, Betting on an AI‑Heavy Future

Meta will build a 1 GW data‑centre campus in Lebanon, Indiana, with more than $10 billion invested in the facility and nearby community, creating roughly 4,000 construction jobs and 300 permanent roles. The scale of the project signals a strategic push for large‑scale AI and content infrastructure but raises questions about power supply, local benefits and long‑term demand for such massive compute sites.

A detailed shot of test tubes and a plant stem in a lab environment, highlighting scientific research.
Science2/12/2026, 4:24:36 AM

Xi Orders a Strategic Upgrade to China’s Science Fund to Push for Original Breakthroughs and Tech Self‑Reliance

Xi Jinping has instructed China’s National Natural Science Foundation Commission to strengthen and strategically reorient funding for basic research, deepen grant reforms, and support original scientific breakthroughs to advance technological self‑reliance. The move elevates basic science as a national priority while foreshadowing more targeted funding, tougher incentives for originality and cautious expansion of international cooperation.