# China%20tech
Latest news and articles about China%20tech
Total: 38 articles found
Chinese Errand App Pulls 'Proxy New‑Year Visit' After Outcry, Offers Triple Refunds and Charity Drive
UU Paotui removed a contested “proxy New‑Year visit” service after social‑media backlash, pledged triple refunds for unfulfilled orders and launched a charity campaign to mend its image. The incident underscores the cultural sensitivity and reputational risks Chinese platforms face when monetising intimate, ritualised services.
Xiaohongshu Builds an AI Video-Editing Armory — OpenStoryline Targets Creators and Commerce
Xiaohongshu is developing OpenStoryline, an AI-powered video editing tool aimed at accelerating creator production and strengthening the app’s commerce ecosystem. The product dovetails with broader moves by Chinese tech firms to integrate generative AI, but faces regulatory, copyright and content-quality trade-offs.
Dreame’s CEO Declares Bid for the Top: A Brash Ambition, and a Message to Musk
Dreame CEO Yu Hao publicly declared an ambition to become the world’s richest person within five years while taunting Elon Musk and praising domestic rivals. The comments are part PR stunt and part strategic repositioning, signalling Dreame’s aim to be judged alongside global tech heavyweights as it expands from consumer appliances into a broader smart-technology ecosystem.
Meituan’s $717m Bet on Dingdong Maicai: Consolidation of China’s Instant Grocery Wars
Meituan has acquired Dingdong Maicai’s China business for an initial $717 million, absorbing a network of over 1,000 front-line warehouses and more than seven million monthly users. The deal strengthens Meituan’s instant-grocery capabilities and reflects broader consolidation as high fulfilment costs and thin margins push standalone fresh-retail specialists into the arms of platform giants.
Meituan Acquires Dingdong Maicai for $717m, Accelerating Consolidation of China’s Fresh‑Grocery Market
Meituan will acquire Dingdong Maicai for US$717 million, bringing the fast‑delivery grocer into its fold while excluding Dingdong’s overseas business. The deal consolidates China’s competitive fresh‑grocery sector and gives Meituan scale and logistics density that could improve last‑mile economics.
WeChat Blocks Viral Red‑Packet Links as Tencent Cracks Down on Incentivised Sharing
Tencent limited the ability to open Yuanbao red‑packet campaign links directly in WeChat after user complaints that the promotion used task‑based incentives to induce high‑frequency sharing in group chats. Citing its external link rules against share inducements, Tencent moved to restrict the links while Yuanbao says it is urgently revising its sharing mechanism.
Kunlun Wanwei Unveils Skywork Desktop — an AI Agent That Runs Directly on Your PC
Kunlun Wanwei has launched Skywork Desktop, a desktop AI agent that runs locally and processes files on a user’s machine without uploading them to the cloud. The move reflects demand for privacy‑preserving, low‑latency AI but brings its own security and management challenges for organisations.
China Optical-Module Supplier Poised for Near-Double Profit as AI-Driven Data‑Center Spend Surges
Zhongji Xuchuang forecast a near‑doubling of 2025 net profit to RMB 9.8–11.8 billion, driven by surging demand for high‑speed optical modules from data‑centre and compute expansion. The guidance highlights how AI and cloud capex are boosting suppliers in China’s photonics supply chain, though cyclical demand and competitive pressures pose risks to sustainability.
AI Data‑centre Build‑outs Drive Chinese Optical‑Module Profits to Historic Peaks — But Growth Is Uneven
China's leading optical‑module makers have issued 2025 profit forecasts that reflect a surge in demand from AI data‑centre deployments. Xinyisheng and Zhongji Xuchuang expect historically large, core‑business‑driven profit gains, while Tianfu Communication posts solid but smaller growth, underscoring an uneven competitive landscape.
Pony Ma’s RMB1bn AI Counterattack: Tencent Bets ‘Yuanbao’ and Red‑Envelope Growth to Reclaim Social Ground
Tencent has launched a concentrated RMB1 billion push to embed AI into social products, notably upgrading its Yuanbao offering to group chat and using culturally resonant red‑envelope incentives to drive adoption. The plan leverages Tencent’s social graph and payments infrastructure but must navigate regulatory scrutiny and fierce competition from Chinese AI rivals.
Ai Hype, Real Losses: Megmeet’s Stock Soars While Profit Plummets as It Reinvests for AI Power Supplies
Megmeet, a Chinese power-electronics supplier, reported a sharp fall in 2025 profits as margins compressed and R&D spending surged, yet its shares have soared on hopes that new AI server power-supply business will deliver blockbuster revenue. The company has raised fresh equity to finance R&D and capacity expansion and is counted among suppliers to Nvidia’s GB200 rack project, but execution and certification risks make its future performance highly uncertain.
A Young Programmer’s Sudden Death Puts China’s Tech Overtime Culture Under the Microscope
A 32-year-old manager at Shiyuan, Gao Guanghui, collapsed and died suddenly at home in late November. His widow says chronic overwork, a heavy workload after a transfer, and a company culture that rewarded long hours are key parts of the context; the employer has paid RMB390,000 but denies legal responsibility. The case highlights broader concerns about occupational health, overtime norms and employer accountability in China’s technology sector.