Short, fast updates on China business, tech & sourcing — auto-curated, updated through the day.
Shanghai Stock Exchange data shows A-share new investor accounts totalled 1.9119 million in September 2026, down 35.0% from 2.9372 million in September 2025. New accounts opened in the first nine months of 2026 reached 27.1259 million, up 35.0% year on year.
via Wallstreetcn →The State-owned Assets Supervision and Administration Commission (SASAC) and the Chinese Academy of Sciences (CAS) held their 2026 annual cooperation meeting in Beijing. CAS President Hou Jianguo called for deeper strategic collaboration during the 15th Five-Year Plan period, including joint planning of research projects through 2035, coordinated major projects, and full-chain integration from basic research to industrialization. The two sides will also jointly develop an industrial artificial intelligence system and create benchmark AI projects to empower key industries.
via Wallstreetcn →Oxide Computer has closed a $445 million Series D funding round. The company offers on-premises cloud computing infrastructure.
via news.ycombinator.com →China's National Financial Regulatory Administration has issued the "Regulations on Property Insurance Company Insurance Product Development Management," a systematic revision of the previous guidelines. The 41-article regulation in eight chapters strengthens company accountability, specifies eight categories of prohibited products, and mandates full lifecycle management including annual reviews and cleanup of existing products. Companies must establish product management committees led by their principal responsible person and set up internal accountability mechanisms.
via Wallstreetcn →The Deno JavaScript/TypeScript runtime project is joining Cloudflare. Deno founder Ryan Dahl announced the move in a blog post on the Deno website.
via news.ycombinator.com →Kunwei Technology has completed a new 400 million yuan funding round with several new institutions joining and existing shareholders increasing their stakes beyond their pro-rata rights. This marks the first time the company has disclosed external financing since its founding seven years ago. Gaohu Capital served as financial advisor for the transaction.
via 36Kr →TFC Communications stated at an online briefing that recently announced overseas trade policy restrictions do not cover passive and active optical devices, so its business is unaffected. The company derived only about 1.28% of its 2025 revenue from North America. TFC added that its order backlog and customer demand remain strong, and it will continue global capacity expansion based on market needs and client project schedules.
via 36Kr →Tesla has replaced the "Full Self-Driving" label with "Tesla Assisted Driving" on its European websites in a bid to win regulatory approval for its driver-assistance system in Europe. The move distances the company from a name long criticized as misleading. The U.S. website continues to use "Full Self-Driving (Supervised)."
via 36Kr →Miniso reported that total gross merchandise value in mainland China grew 25-30% year on year in the third quarter. The company disclosed the figure in a filing on October 9.
via 36Kr →Tesla's Shanghai Gigafactory delivered over 95,000 vehicles in September 2026, up 10.7% month-on-month. Domestic sales reached approximately 65,000 units, up 29.5% month-on-month, with both metrics hitting 2026 highs. As of August 2026, Tesla had already exceeded its full-year 2025 delivery volume in 14 markets including South Korea and Australia.
via Wallstreetcn →Adora Cruises officially launched the itinerary and product plans for its second domestically built large cruise ship, Adora Huacheng, in Hong Kong on October 9. The vessel will make Hong Kong its homeport starting next year, with the full 2027 homeport season expected to operate nearly 20 cruise itineraries including three new sea-cruise-only voyages. The ship will first visit Hong Kong in November 2025 before commencing regular operations.
via Wallstreetcn →Aircraft lessor Avolon’s wholly-owned subsidiary AALL has signed an agreement to purchase 140 B737 MAX series aircraft from Boeing at a listed catalogue price of up to $26.953 billion, with actual purchase prices set at a discount. The deal, which is not a related-party transaction, still requires shareholder approval and is expected to be fully delivered by the end of 2036.
via Wallstreetcn →Dongshan Precision says the Hong Kong Stock Exchange held a listing hearing for the company on October 8 and the listing committee has reviewed its H-share IPO application. The company noted that the review letter does not constitute formal listing approval, and it still needs to obtain approvals from relevant regulators and the exchange.
via Wallstreetcn →Stardust Intelligence, a Tsinghua University-affiliated robotics startup, has claimed first place on the RoboDojo simulation benchmark with its world action model VPP2. The model achieved a 32.26% average success rate and 39.26 average points, surpassing GPT-6-Astra, Physical Intelligence's π0.5, and Nvidia's GR00T-N1.7. VPP2 also ranked first in generalization, fine manipulation, and memory, and scored 58.5% on zero-shot real-world ALOHA dual-arm robot tasks without additional data or enhancement tricks.
via QbitAI →Hong Kong Exchanges and Clearing will publish a consultation paper in the fourth quarter on extending spot-market trading hours, said Julia Leung, CEO of the Securities and Futures Commission. The reform will first be rolled out in the derivatives market to help investors respond to cross-time-zone global market movements. Longer-term measures under study include tokenized currency and e-HKD settlement arrangements.
via 36Kr →Dongsheng Aerospace has completed its third funding round in 2026, bringing its total to five equity rounds since its founding in May 2025. The company's registered capital increased to 6.9205 million yuan, with new investors including Fujian Venture Capital, Shixi Capital, Highlight Capital, Jiahe Asset, and Jingkai Capital. The Beijing-based startup, which develops internet and computing satellites and key onboard components, now employs more than 300 people.
via 36Kr →The People's Bank of China Shantou branch, together with the Shantou Municipal Finance Bureau and Shantou Overseas Chinese Pilot Zone, has guided Bank of China Shantou branch to roll out "Token Export Loan," the country's first dedicated financial service for token ventures expanding overseas. The product targets the pain points of insufficient collateral and cross-border working-capital pressure, and the first 1 million yuan credit line has already been disbursed.
via 36Kr →MirroS has released AgentGarten, a platform that pairs executable code environments with a real-time neural renderer to let AI agents learn through physical interaction. The system generates visual feedback at over 30 fps by having code handle physics and state updates while a diffusion model renders photorealistic frames from lightweight geometric sketches. In a hide-and-seek benchmark, agents learned to build barricades by round 4 and use ramps to scale walls by round 10, a fraction of the tens of millions of training games required in OpenAI's 2019 study. The project is open-sourced on GitHub.
via QbitAI →Optical Intelligence Technology has begun mass delivery of indium phosphide substrates to domestic and overseas optical communication chip and device makers. Its domestic customer base covers leading Chinese optical chip companies, while overseas shipments have reached optical communication industry leaders in bulk. The company has secured an order for 6-inch indium phosphide substrates from a global top-tier client.
via 36Kr →Anker Innovations generated 17.96 billion yuan in Japan revenue in 2022, a 3.67% increase despite the yen depreciating 12.61% against the RMB that year. Japan has since become Anker's second-largest global market, with its charging and smart home products consistently ranking at the top of Amazon Japan and Rakuten. The "Anker Direct Rakuten Market Store" achieved a 3.8% conversion rate, far above Rakuten's 2.1% platform average, and won Rakuten's "Shop of the Year" award for six consecutive years, including the first-ever "Grand Prize" for a hardware manufacturer in 2024 among roughly 50,000 shops.
via Cifnews →Nationwide online-contracted area for second-hand home transactions reached 617.46 million square meters in the first nine months of 2026, a 10.7% increase year on year. The data was published by China Construction News.
via Wallstreetcn →OpenAI expects its annualized revenue to reach or exceed $70 billion by the end of 2026, driven by strong enterprise business growth. The figure stood at approximately $50 billion as of end-September. The projection follows a Financial Times report on October 8 that cited an investor document showing annualized revenue "close to $50 billion," which triggered a selloff in tech stocks.
via Wallstreetcn →The Financial Product Online Marketing Management Measures, jointly issued by eight regulators and effective September 30, have prompted fund companies to suspend all cooperation with influencer marketers in their first week of enforcement. Fund houses are simultaneously rolling out internal compliance training and system upgrades while publicly disclosing third-party internet platforms authorized for marketing use for the first time. The rules reclassify third-party platforms from sales participants to technical service providers and require fund companies to directly handle all financial service aspects of online distribution.
via 36Kr →The China Securities Association reported that the industry average net commission rate for agency securities trading dropped to 1.71 basis points in the first half of 2026, significantly reducing investor trading costs. Brokerage revenue surpassed proprietary trading revenue to become the largest income source for securities firms. Foreign shareholdings in the industry grew by nearly 30% from the end of 2025 to the end of the first half of 2026.
via 36Kr →Porsche unveiled its "Sportwagenschmiede 35" strategy on October 8, aiming to raise the average selling price of its top-tier models by about 20% in the medium term. The company will cut derivative variants by roughly 20% to reduce portfolio complexity, while targeting a 45% share for premium D and E segments. Porsche also announced development of a mid-engine supercar platform for a series above the 911, with plans to launch at least one brand-defining new product annually through 2030.
via 36Kr →OpenAI launched the Ultrafast version of GPT-6.1 Sol in its API, Codex and ChatGPT Work on October 8. The model is priced at $12 per million input tokens and $60 per million output tokens.
via 36Kr →San Francisco AI video startup Tavus says its new Griffin-Lite model became the first real-time video dialogue system to pass a "video Turing test." In a test of 54 participants during one-minute video calls, 48% mistook the AI for a real person, up from 2.4% on the previous generation. Griffin-Lite can react in real time while both sides speak simultaneously, including interjecting or interrupting like a human conversational partner.
via 36Kr →Nvidia plans to invest in d-Matrix, a developer of AI server chips. The proposed investment is part of Nvidia's push to make its technology compatible with rival chip designs and bring those vendors into its hardware ecosystem.
via Wallstreetcn →On October 8, the People's Bank of China conducted 60.6 billion yuan in overnight reverse repos and 1.2 trillion yuan in 3-month outright reverse repos. After accounting for maturing instruments, the open market saw a net withdrawal of 408.5 billion yuan. Market participants expect liquidity to remain broadly stable in October, supported by post-holiday cash inflows and earlier fiscal spending, though tax payments, month-end demand, and maturing medium-term tools may create pressure in the latter half of the month.
via 36Kr →Anthropic will invest $150 million over three years in the Trump administration's Genesis Mission federal program. The company will provide its AI model Claude to more than 15 federal agencies including NASA and the NIH, and will also supply Claude Code and API credits to the Genesis Mission project.
via 36Kr →Apple plans to hold a product launch around Oct. 27 to introduce its first touchscreen MacBook and a new iPad mini. The event will also include a 14-inch MacBook Pro and iMac powered by the M6 chip. The new Mac and iPad releases are aimed at creative professionals in video production, photo editing, and music production.
via 36Kr →Hong Kong's IPO market has seen 115 listings through October 8, up 89% year on year, with total proceeds reaching HK$385.566 billion, according to Wind data. Another 363 companies are in the pipeline with hearing status "in progress," including 101 already listed on A-share markets. Deloitte China expects the strong momentum to continue through year-end.
via Wallstreetcn →New China Life has increased its stake in AVIC Hi-Tech H-shares through secondary-market centralized bidding, crossing the 5% disclosure threshold. Industry data shows insurance capital "block trades" have declined year-on-year in 2026, though insurers are diversifying equity exposure across more instruments, channels and strategies. Insurance funds are also accelerating long-term investments in primary-market sectors with sustained value.
via Wallstreetcn →Datong Securities is offering new clients a stock-trading commission of 0.691 basis points (0.00691%), only 0.05 basis points above the exchange-mandated fees it must pass through. Several other brokers, including Guosen Securities and Zhongtai Securities, have also dropped new-account rates below 1 basis point. Industry observers say the brokerage sector's race to the bottom on price is unsustainable and that firms must shift toward competing on service quality.
via Wallstreetcn →StepFun has released Step 5 Preview, a mixture-of-experts language model with a 1 million token context window, through the OpenRouter platform. The model is available at openrouter.ai/stepfun/step-5-preview.
via news.ycombinator.com →Moody's, S&P Global and Fitch Ratings have raised credit ratings for multiple leading Chinese securities firms this year, marking a rare synchronized round of upgrades for the sector. CITIC Securities, Guotai Haitong, and China International Capital Corporation (CICC) are among the top brokers now placed in the A-grade category.
via Wallstreetcn →Loan advertisements from Hangzhou Bank, XiaoYing Card Loan, and Trip.com Finance have reappeared on Chinese social media and short-video platforms following the implementation of the "930 New Rules" on financial product online marketing. The ads now prominently display annualized interest rates, funding sources, risk warnings, and liability disclosures that were previously absent. The rules, jointly issued by eight government departments, have eliminated previously common marketing phrases such as "instant approval and disbursement" and "low threshold, low interest rates."
via Wallstreetcn →Shanghai Futures Exchange rubber futures closed at 20,145 yuan per ton on October 8, up more than 28% year-to-date and at a nine-year high. Over 60 tire companies have issued more than 70 price-increase notices since September, with hikes of 2% to 5% across all product categories including all-steel, semi-steel, and off-road tires.
via Wallstreetcn →L'Oreal's US subsidiary has hired law firms Weil Gotshal and DLA Piper to handle personal injury lawsuits alleging illness from its talc-containing products. The company is considering spinning off talc-related liabilities into a separate legal entity for sale, as pending lawsuits in the US rose to about 760 by June 30 from roughly 620 at year-end 2025. L'Oreal China stated that products sold through official domestic channels meet national standards and are safe to use.
via Wallstreetcn →Dongchedi reported that the Zunjie V800's brake pedal bracket broke three times during 100 km/h braking tests, a first for the platform. The car-review platform rejected online claims that the tests were conducted under extreme conditions or involved violent braking, stating the tests were standard procedures. A widely circulated "4589N" pedal force figure was a camera artifact caused by frame-rate mismatch with the display; the actual peak was 1612N.
via Wallstreetcn →Everwin Precision has established close partnerships with multiple leading domestic and international humanoid robot brands. The company delivered more than 1.1 million precision components for humanoid robots from January to August 2026. Orders in the third and fourth quarters are growing faster than in the first half, and the company is actively expanding production capacity to meet customer demand.
via Wallstreetcn →China's 150 securities firms generated combined revenue of 329.8 billion yuan in the first half of 2026, up about 31% year on year, according to a KPMG report released on October 8. Their combined net profit rose 23% to 138.7 billion yuan. Proprietary trading remained the largest revenue source, while brokerage, investment banking, asset management, and credit businesses all recorded growth.
via Wallstreetcn →DeepSeek has released version 4.1 Flash of its AI model. The launch has drawn relatively muted attention from the broader technology industry.
via news.ycombinator.com →Highway electric-vehicle charging on China's national expressway network totaled 163 million kWh during the October 1-7 holiday period, with daily average charging volume up 51.42% year on year. The figures cover 62,700 charging points monitored by the national charging-facility platform, which recorded 6.711 million charging sessions over the seven days.
via Wallstreetcn →China's State Administration for Market Regulation issued updated mandatory product certification rules for lamps and ballasts, tightening quality assurance, product consistency controls, and post-certification supervision. The new rules introduce three distinct certification modes for general lamps, large lamps, and single-batch custom lamps to better match different production types. The changes apply across the full CCC certification chain for these products.
via 36Kr →Fliggy reported that its daily hotel room-night fulfillment during the 2026 Mid-Autumn and National Day holiday grew nearly 70% year-over-year, with room-nights in over 100 cities more than doubling. 88VIP members drove the increase, spending 34% more per capita on hotels than the overall average and pushing high-star hotel room-nights up over 80%.
via Wallstreetcn →Seres Group has become a shareholder in Beijing Yi'anqi New Energy Technology, a charging joint venture previously owned by BMW Brilliance and Mercedes-Benz (China) Investment. The company's registered capital increased from 100 million yuan to 150 million yuan. Beijing Yi'anqi, founded in March 2024, operates EV charging infrastructure, fast-charging stations, and charging pile sales.
via 36Kr →TikTok Shop Europe cross-border POP launched a "Trace to Source China" program that invites European livestreamers to visit Chinese sellers in person for product selection and collaboration. German top livestreamer Christian Wolf generated over USD 350,000 in GMV during a two-hour livestream in Shenzhen in August 2026. From September 27 to 30, seven overseas livestreamers conducted sourcing livestreams, with a single sofa product exceeding USD 100,000 in GMV in one session.
via Cifnews →Chinese auto parts suppliers are pivoting from OEM and wholesale exports to direct-to-consumer sales on Amazon, seeking to close the gap between factories and overseas drivers. At an Amazon Global Selling summit, industry leaders highlighted a mismatch: manufacturers have capacity but lack consumer channels, while Amazon sellers understand demand but struggle to verify distant suppliers. Sellers are focusing on "evergreen" SKUs with 15-year lifecycles rather than chasing viral products, and some are bundling engine parts into kits to capture the U.S. aftermarket, where the average vehicle age has hit a record 12 years.
via Cifnews →Smart glasses brand NIMO's parent company Bit Illusion has completed an angel funding round of several hundred million yuan, bringing its valuation to 1.5 billion yuan. Investors include Borchid Capital, Gobi Partners, Oriza Puhua, and Shangshi Capital. The funds will be used mainly for product R&D, channel expansion, and overseas market development.
via 36Kr →