08/19
2025 Tue.
Shenzhen's foreign trade totaled 2.58 trillion yuan (US$354 billion) in the first seven months of 2025, unchanged from a year earlier, according to customs data. Exports reached 1.56 trillion yuan and imports 1.02 trillion yuan, keeping the city the mainland's top trading hub. Electromechanical products led exports at 1.17 trillion yuan, up 4.4 per cent. Integrated circuits, a key electronic intermediate, jumped 40.9 per cent to 133.9 billion yuan. Exports of lithium batteries and pure electric passenger vehicles rose 37.9 per cent and 21.7 per cent, respectively, while computers and parts climbed 10.8 per cent.
China's consumer extended reality (XR) market reached 261,000 units in the first half of 2025, up 9 per cent from the previous six months, driven mainly by new augmented reality (AR) glasses launches, according to CINNO Research. While AR devices continued to grow, the virtual reality (VR) segment remained weak due to a lack of new content and product delays. CINNO forecasts full-year consumer XR sales of 606,000 units, up 6.5 per cent year on year.
08/18
2025 Mon.
Guangdong's Department of Industry and Information Technology and Department of Finance have issued detailed measures on fund management for artificial intelligence and robotics innovation and industrial development. The rules specify that state-level manufacturing innovation centers may receive subsidies covering up to 40 per cent of the cost of newly purchased R&D equipment and related software, excluding taxes, with a ceiling of 50 million yuan. Subsidised initiatives will include capacity-building at AI and robotics innovation centers, cultivation of high-quality enterprises, AI-driven industrial upgrading demonstration projects, and operations of open-source communities and ecosystem hubs. The measures will take effect on September 1, 2025, and remain valid until the end of 2027.
Huawei Investment & Holding Co., the parent company of Huawei Technologies, has increased its registered capital by 10 per cent to about 63.9 billion yuan (US$8.8 billion) from 58.1 billion yuan, according to corporate registry data. Established in 2003, the firm is jointly owned by Huawei's trade union committee and founder Ren Zhengfei. Its registered business scope includes research, development, sales and services of high-tech products.
08/15
2025 Fri.
Dongguan Customs, a branch of Huangpu Customs, has seized 1,992 suspected counterfeit “Labubu” blind boxes bearing the “POP MART” trademark. Officials discovered the vinyl plush toys during an inspection of goods declared as keychains for export. The items were crudely made and simply packaged, prompting rights holder Pop Mart to allege trademark infringement and request detention. The case is under investigation.
08/13
2025 Wed.
Alibaba Group's Intelligent Information Business Group has kicked off a large-scale recruitment push for AI talent, with close to 1,000 openings through campus and social hiring. The drive targets specialists in large language models, multimodal recognition and understanding, multimodal training engineering, AI agents, and AI hardware, with positions based in Beijing, Shanghai, Hangzhou and Guangzhou.
08/11
2025 Mon.
China sold 1.262 million new energy vehicles (NEVs) in July, up 27.4 per cent year on year, according to the China Association of Automobile Manufacturers. NEVs accounted for 48.7 per cent of new car sales. Output rose 26.3 per cent to 1.243 million units. From January to July, NEV sales totalled 8.22 million units, up 38.5 per cent year on year, accounting for 45 per cent of new car sales.
Tesla takes battery recycling seriously, with 90 per cent of recovered materials going into new battery production, vice-president Tao Lin said on social media. In 2024, the company recycled enough materials to make batteries for about 21,000 Model Y rear-wheel-drive vehicles.
China Taiping Asset Management, a subsidiary of China Taiping Insurance Group, has received approval from the National Financial Regulatory Administration to invest in and establish Taiping (Shenzhen) Private Securities Investment Fund Management Co., the insurer said on August 11. As of end-2024, Taiping Asset's assets under management exceeded 1.5 trillion yuan.
More than 300,000 small restaurants hit record daily sales on Taobao Flash Sale on August 7, while the number of Ele.me delivery riders was 3.5 times higher than a year earlier, with average earnings up 40 per cent, according to the latest data from the two Alibaba-owned platforms.
