China Biz Buzz

Li Auto’s Q4 profit plunged 99 percent in 2025 as revenue fell 35 percent and deliveries dropped 31 percent. For the full year, net profit tumbled nearly 86 percent amid fierce EV competition in China.

Ipsen to withdraw its EZH2 cancer drug tazemetostat worldwide after new trial data raised safety concerns. In China, partner Hutchmed will halt sales and pull the drug from the market.

UK will scrap tariffs on 33 offshore wind components from April 1, cutting duties on blades, rotors and cables from 2–6% to zero. The move aims to accelerate North Sea wind projects and could benefit Chinese wind equipment suppliers in the global supply chain.

Tencent’s XianWu Lab launched HaS Anonymizer, a tool designed to protect sensitive files and data for industries like finance and healthcare using OpenClaw. The company also upgraded its WorkBuddy AI agent to connect directly with WeChat for automated tasks such as report generation.

Victoria’s Secret has shut its largest mainland China flagship in Shanghai as part of a restructuring, but says it plans to relocate nearby. China remains a key market, with Q4 sales up 43 percent year on year.

Eli Lilly plans to invest US$3 billion in China over the next decade and is seeking approval for its oral GLP-1 drug orforglipron. In trials, the weight-loss treatment helped overweight adults lose 12.4% of body weight over 72 weeks.

Hong Kong authorities arrested eight people in a HK$315 million insider trading and corruption probe involving brokerages and a hedge fund manager. Offices of Citic Securities and Guotai Junan International were raided, with allegations of bribes in exchange for leaking share placement information.

The US launched new “unfair trade” probes targeting China, Japan, South Korea, India, Southeast Asia and the EU. The move could pave the way for fresh tariffs after the Supreme Court blocked Trump’s reciprocal tariff plan.

OpenRouter data shows weekly calls to Chinese models jumped 34.9 percent to 4.19 trillion tokens, surpassing US models again. Shanghai developers including StepFun and MiniMax led usage charts. Analysts say Chinese firms are gaining traction through lower costs and faster AI-agent integration.

CBB on Site. Smart tech takes over Shanghai! 🤖 Today’s opening of AWE 2026 features a massive lineup of AI-driven cleaners, micro-cameras, and smart mobility tools. These "new species" of gadgets aren't just cool—they’re the next big engine for China’s lifestyle and consumption growth.

The Shanghai Composite slipped 0.64% to 4,106.96 by midday on March 12, reversing early gains as selling pressure picked up through the morning.

Oil Prices Whipsawed by Middle East Developments
Cathay Pacific Airways 9.5 Percent Rise in 2025 Profit
Huawei Says 47 Million Devices Using HarmonyOS
BMW to Recall Vehicles in China

#EconSky #Technews

Read More：
www.citynewsservice.cn/articles/chi...

CBB Onsite! Innovation product testing lab in Shanghai.

BOE and TÜV Rheinland just dropped a major White Paper on Natural Light Display Technology, setting a global, measurable gold standard for eye comfort and health-centric screens (phone/computer/TV).

#EconSky #Technews

Nvidia Jensen Huang: AI is the new Electricity.

A trillion-dollar infrastructure "stack" across 5 layers: Energy, Chips, Physical Infrastructure, Models, Applications.

This massive buildout won't just replace tasks—it’s set to boost jobs across the entire ecosystem.

#EconSky #Technews

The era of "free AI" is ending.

Tencent Cloud is hiking AI model prices as the industry shifts from testing to full commercial deployment. Some models, including the HY series, are seeing massive 460%+ price jumps!

It follows recent price hikes from OpenAI (GPT-5.4) and Zhipu AI.

#Technews

Watch your wallet with "OpenClaw" !

1，Token Burn: Users are reporting high costs—one users spent $150 in a single night with zero results.
2， Security Risks: High autonomy means high risk if permissions aren't strictly capped.

#EconSky #Technews

www.citynewsservice.cn/articles/chi...

The 2028 AI Crisis We Fear Versus the One We Should The danger is not that machines will outthink us. It's that we will underinvest in thinking ourselves.

AI doesn’t remove doctors, analysts or lawyers.
It removes routine cognition.
Measurement → models
Judgment → humans
The risk isn’t that AI becomes too powerful.
It’s that organizations build dependence faster than capability.

www.citynewsservice.cn/articles/chi...
#technews
#AIcrisis

Major Chinese "Claw" agents now, more are coming...

#OpenClaw #Tencent #Huawei #Technews

Just in!
Porsche AG faces a tough year in FY2025 as global headwinds hit the bottom line.

Revenue: €36.27B (down from €40.08B)
Operating Profit: €413M (down from €5.64B)

It cites a “difficult market environment in China” as luxury demand softens and local competition intensifies.
#EconSky

Just In!
Tencent bets on OpenClaw, by Chairman Pony Ma's post.

#EconSky #Technews #Tencent

OpenClaw on Phone and Pad!

Honor unveiled its ecosystem-level "Honor Lobster Universe", offering AI agent across PCs, tablets and phones.
You can interact with your "Little Lobster" directly on your Honor phone.

#EconSky #Technews

Just In！
 Foxconn affiliated company-Foxconn Industrial Internet (FII) posts a powerhouse 2025!

Revenue: ¥902.89B (+48.2% YoY)

Net Profit: ¥35.29B (+52.0% YoY)

With profit outstripping revenue growth, FII is benefiting from massive demand for AI Servers.

#EconSky #Technews

China Markets Update (March 11): Major indices opened higher today.
SSE Composite: 4123.67 (+0.01%)
SZSE Component: 14373.74 (+0.14%)
ChiNext: 3318.41 (+0.37%)

Horse racing concept stocks are leading the gains at the open.

#EconSky

✏️ Middle East War Drags On, Oil Prices Skittish
✏️ Nio Posts First Quarterly Profit, Shares Surge
✏️ US Companies Rate China Investment Highly
👉 Check out today's buzz ~
www.citynewsservice.cn/china-biz-bu...

From the American Chamber of Commerce in South China: 75 percent of the US companies plan to reinvest in China in 2026.
"Companies are reinvesting not only to expand market share, but to innovate, localize, and strengthen their integration within the Chinese economy," said Chairman Harley Seyedin.

Ruthless efficiency sealed the deal. NIO's self-developed 5nm AD chip saves roughly 10,000 yuan per car. Platform-based R&D slashed component costs by 10 percent. Scale is finally unlocking massive leverage.

Macro tailwinds helped too. Late 2025 saw the end of national "trade-in" subsidies, driving a massive wave of year-end orders. Combine this with optimized Battery-as-a-Service (BaaS) pricing, and the barrier to entry plummeted, sending Q4 sales conversion soaring. 🔋📈

How did they do it? A killer 3-brand matrix in China:
1️⃣ NIO: ES8 SUV dominating the 400,000 yuan+ market.
2️⃣ ONVO: L90 bridging the family gap at 300,000 yuan.
3️⃣ Firefly: Capturing the 100k-200k segment.
Total market synergy from entry-level to premium.

For all caring abuot NIO!
Historic milestone for NIO! Q4 2025 brings their first-ever quarterly operating profit of 1.25 billion yuan (US$172 million). Deliveries hit a record 124,807 units, up 71.7 percent YoY. Gross margin reached 17.5 percent. The cash-burning phase is officially over! #EconSky

China's exports growth in Jan-Feb, led by integrated circuits (+72%), automobiles (+67%) and ships (+52%), dragged by rare earth (-16%), steel (-9%) and mobile phones (-8%). #EconSky