Caixin Global

Take a moment to catch up with Caixin’s top stories: - CATL’s growing clout has automakers hedging their bets - China’s fiscal revenue improves but spending momentum fades - Unitree fast-tracks Shanghai IPO aiming for $6.2 billion valuation caixinglobal.com/2026-05-27/cx-…

Xu Liuping helped revive Hongqi and reshape two of China’s biggest state-owned automakers. Now he is under graft investigation, and his legacy is being reassessed as a cautionary tale of political ambition, forced reform and a missed EV transition caixinglobal.com/2026-05-27/in-…

Xiaomi’s adjusted profit fell 43% in the first quarter as smartphone shipments dropped and EV deliveries missed expectations. The company announced a HK$20 billion buyback and kept its 550,000-car annual delivery target caixinglobal.com/2026-05-26/xia…

China Merchants Securities has appointed Zhu Jiangtao as chairman and legal representative, completing a management reshuffle at the brokerage as Beijing pushes financial firms to support technology innovation and the real economy caixinglobal.com/2026-05-26/chi…

Premiums on China’s overseas-focused ETFs are surging as regulators tighten scrutiny of cross-border brokerage services and QDII quotas remain constrained. Some Nasdaq- and chip-related products are trading more than 20% above underlying asset values caixinglobal.com/2026-05-26/chi…

Today in Caixin’s Business Brief: - China suspends exports of certain rare earth products to Japan - Alibaba reaches cooperations agreements with Pakistan - HKEX responds to rumors about computing power futures caixinglobal.com/2026-05-26/bus…

Chinese authorities are investigating two former executives at Bank of China over loans linked to the collapsed Goldin empire of Hong Kong businessman Pan Sutong, sources familiar with the matter told Caixin. caixinglobal.com/2026-05-26/for…

Analysis: #CATL has become so dominant in the #EV battery business that automakers have become reluctant to switch, even as they invest in rival suppliers and in-house production to try to maintain some leverage. caixinglobal.com/2026-05-22/ana…

Commentary: Serbian President Aleksandar Vucic’s visit to Beijing highlights a strategic shift from traditional infrastructure to humanoid robots and new-energy vehicles, offering Chinese firms a vital stepping stone into the European market. caixinglobal.com/2026-05-26/com…

China’s fiscal revenue growth remained solid in April as recovering factory-gate prices and steady industrial activity boosted tax receipts, though weaker government spending pointed to persistent pressure on domestic demand. caixinglobal.com/2026-05-26/chi…

Brazil’s dominant food delivery platform iFood has sued #Meituan and its Keeta unit in São Paulo, accusing them of unfair competition and improperly obtaining confidential business information. caixinglobal.com/2026-05-26/mei…

Today in Caixin’s Tech Brief: - #Huawei targets 1.4-nanometer chip performance by 2031 - #DeepSeek cuts flagship AI model prices by 75% - #Unitree Robotics fast-tracks Shanghai IPO caixinglobal.com/2026-05-26/tec…

A regulatory probe into the Shenzhen branch of Huaxia Bank is raising questions about hidden property-related risks in China’s banking system. caixinglobal.com/2026-05-26/chi…

Take a moment to catch up with Caixin’s top stories: - China’s tech sector catches AI funding fever - Beijing launches crackdown on offshore brokers serving mainland investors - DJI says mass adoption of delivery drones, flying vehicles far off caixinglobal.com/2026-05-26/cx-…

Unitree Robotics will face a Shanghai listing committee review on June 1, advancing a STAR Market IPO plan that could raise about 4.2 billion yuan as China’s embodied AI sector draws heavy investor interest caixinglobal.com/2026-05-26/uni…

Extreme rainfall in southwestern China’s Chongqing has triggered deadly landslides, killing 9 and leaving 11 missing. Authorities have issued the first red alert of the year for mountain floods as severe storms sweep across the country caixinglobal.com/2026-05-26/cho…

Huawei said it aims to match the performance of leading 1.4-nanometer chips by 2031 using a new chip-design approach focused on vertically stacked circuits rather than transistor miniaturization, underscoring China’s efforts to bypass U.S. tech curbs caixinglobal.com/2026-05-25/hua…

China’s top judicial authorities have clarified how courts should calculate bribes hidden in discounted stock and equity deals, targeting corruption schemes built around future investment gains rather than cash payments caixinglobal.com/2026-05-25/chi…

DeepSeek has permanently cut API prices for its flagship V4-Pro model by 75%, charging less than a tenth of OpenAI’s GPT-5.5 rates. The move comes as the Chinese AI startup pursues a funding round valuing it at 300 billion yuan caixinglobal.com/2026-05-25/dee…

Today in Caixin’s Business Brief: - Beijing to guide domestic AI models to adapt to homegrown chips - Chinese cabinet promotes household registration reform - U.S. indicts four Chinese container manufacturers for alleged market manipulation caixinglobal.com/2026-05-25/bus…