Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Five Things to Know About China’s Humanoid Robot Poster Child
Unitree’s shares soared more than 600% in its Shanghai debut, riding a wave of investor enthusiasm for AI-powered machines even as widespread commercial use remains years off

: Chinese Robot-Maker Unitree Soars 629% in Shanghai Debut
The company’s record-breaking opening surge on the STAR Market delivered massive windfalls to early backers including Meituan, HSG and Xiaomi

In Depth: Game Studios Have Bought Into AI, but Players Still Aren’t Sold

Generative tools are fueling a boom in fast, low-cost production, but as cheap titles flood the market, a crisis of trust is brewing among gamers looking for originality

: China Blocks EU Probe of JD.com’s Takeover of German Retailer
Justice ministry condemns the subsidy investigation as ‘unjustified extraterritorial jurisdiction’ measures, ordering that ‘no organization or individual may execute or assist in its execution’

In Depth: China Arms Itself With New Legal Tools to Scrutinize Overseas Investment

Commentary: As AI Risks Rise, China and U.S. Search for Different Guardrails

As autonomous AI agents blur the line between generating text and executing actions, the world’s two technology superpowers are taking radically different approaches to managing the risks

INSIGHT

In Depth: How Gamed AI Answers Can Lead Investors Astray

Cover Story: Unmasking the Architect of a Global Cybercrime Empire

Analysis: Travel Is Booming in China, so Why Are State Tourism Firms Bleeding Red Ink?

Caixin Explains: How China Plans to Pay for Its Urban Renewal Push

A-Share Database >>

China Business Uncovered Podcast: Leaked Deals, Bribes Behind Hong Kong’s Insider-Trading Scheme

Aug 14, 2026 03:23 PM

00:00/00:00

LATEST NEWS

: Business Brief (Aug. 20): China Opposes U.S. Pressure to Take Sides in AI Race
Beijing condemns EU subsidy probe into JD.com, Tesla integrates ByteDance’s AI model in China
Aug 20, 2026 05:25 PM

: CK Hutchison Seeks $1.5 Billion in Damages From Panama Over Seized Ports
Hong Kong conglomerate launches new arbitration pursuing an investor-state dispute after the local government forcibly took control of two canal terminals
Aug 20, 2026 05:16 PM

: YMTC Moves Closer to Shanghai IPO
The memory-chip maker has completed its pre-IPO tutoring work, paving the way for a listing on the city’s STAR market as the company catches up with South Korean and U.S. rivals
Aug 20, 2026 04:04 PM

: Unitree Shares Decline as Founder Flags Limits of Humanoid Robots
Unitree Robotics shares drop 16% on their second day of trading after founder Wang Xingxing says humanoids are years away from large-scale factory viability
Aug 20, 2026 03:22 PM

: China Sentences Evergrande Founder Hui Ka Yan to Life in Prison for Massive Fraud
A Shenzhen court also levies massive fines against the developer’s main units for systematic fraud
Aug 20, 2026 03:07 PM

: CX Daily: Game Studios Have Bought Into AI, but Players Still Aren’t Sold
An explosion of cheap, AI-developed games is fueling a crisis of trust among gamers looking for originality
Aug 20, 2026 09:00 AM

: Evergrande Liquidators Seek to Block $128 Million PwC-SFC Settlement
Liquidators say a HK$1 billion fund for minority shareholders could erode assets that should be preserved for creditors as they pursue a separate 57 billion yuan claim against the auditor
Aug 20, 2026 04:03 AM

: Bank of Shanghai Takes Direct Control of Hong Kong Investment-Banking Unit
Regulators approved the bank’s acquisition of BOSC International as mainland institutions tighten oversight of offshore businesses hit by losses on Chinese property bonds
Aug 20, 2026 03:18 AM

: Hong Kong Police Probe ZD Group for Alleged Fraud After HK$1 Billion Fund Freeze
Police said 24 investors had filed reports as of Aug. 17 after frozen accounts linked to ZD Group affiliates halted redemptions on funds marketed for Hong Kong IPO investments
Aug 20, 2026 03:02 AM

: Hitachi Energy Invests $300 Million to Expand Transformer Production in China
The company is expanding in eastern China as AI data-center growth and the energy transition tighten global transformer supply and extend equipment lead times
Aug 20, 2026 02:43 AM

: China Indicts 17 in Cross-Border Human-Trafficking Ring Linked to Myanmar Scam Centers
Prosecutors say the group lured Chinese citizens to Thailand with fake job offers, then moved them into Myanmar scam compounds where some victims faced sexual abuse and forced labor
Aug 20, 2026 02:29 AM

: Pony AI’s Robotaxi Revenue Jumps as Asset-Light Push Gains Traction
The autonomous driving company said second-quarter robotaxi revenue rose nearly sevenfold from a year earlier, boosting margins and reshaping its revenue mix, though the business remains loss-making
Aug 20, 2026 02:07 AM

: China’s Youth Jobless Rate Climbs to 17.9% in July
The unemployment rate for 16-to-24-year-olds rose to its highest July level in three years as a new wave of graduates entered the job market
Aug 20, 2026 01:42 AM

: AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
Model developers and infrastructure suppliers have captured the first wave of investment, but lasting value will ultimately depend on practical applications for business, Jonathan Jia Zhu says
Aug 19, 2026 06:50 PM

: China Revamps $1.5 Trillion Housing Fund to Unlock Savings, Boost Consumption
The updated rules broaden withdrawal options and cover gig workers but bypass deeper structural reforms like rigid deposit rates
Aug 19, 2026 06:35 PM

: Guangzhou’s New-Home Prices Rise for Fifth Straight Month as Market Polarizes
Premium housing demand is masking continued weakness in lower-priced developments, driving a structural rise in average transaction prices
Aug 19, 2026 03:35 PM