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Analysis: AI Fuels Chinese Micro-Drama Boom in U.S. as Regulators Circle

Chinese firms are using the technology to rapidly scale production and dominate the industry’s most lucrative overseas market, even as Washington moves to curb AI-generated content

Manus is set to return to operating as an independent company. Photo: VCG

Manus Cuts Ties With Meta as Tencent Emerges as Top Backer

Manus is set to return to operating as an independent company as its former investors bought the AI-agent startup back from Meta for $2 billion, following Chinese regulators’ order to unwind the deal

In Depth: China’s Motorcycles Have Outrun Law That Scraps Them at 13

Rules written when the vehicles were used more for work than fun have created an obstacle to the rapidly growing recreational segment of the market

In a notable change, the report dropped earlier wording about reforming the loan prime rate and instead emphasized promoting more diversified loan-pricing benchmarks. Photo: IC

PBOC Signals Diversified Loan Pricing Benchmarks, Greater Focus on Overnight Rates

China’s central bank said it will diversify loan-pricing references and further refine its short-term rate framework, as it seeks to improve policy transmission while keeping liquidity ample

Standard Chartered-Led Venture Launches Hong Kong’s First Regulated Stablecoin

HKDAP debuts with access limited to corporate clients and professional investors, underscoring Hong Kong’s digital-asset ambitions while highlighting adoption challenges from mainland restrictions and global competition

INSIGHT
Jul 31, 2026 04:23 PM
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Alan Greenspan and Zhu Rongji

Commentary: What Zhu Rongji’s Exchanges With Alan Greenspan Reveal About China’s Financial Reform

Transcripts of meetings between Zhu Rongji and Alan Greenspan show how personal candor, institutional learning and cross-border cooperation helped shape a formative period in China’s financial reform

Aug 13, 2026 03:22 AM
YMTC ranked third in shipments and fifth in revenue for the quarter, lagging behind Micron and Kioxia. Photo: VCG

YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market

Chinese memory-chip maker YMTC climbed to third place in global NAND flash shipments in the second quarter, as tight industry capacity and AI-driven demand reshaped the competitive landscape

Aug 13, 2026 01:48 AM
The lawsuit began on June 29, when Susquehanna International Group (SIG) sued unidentified traders in Manhattan federal court, alleging they had used leaked Chinese regulatory information to reap more than $100 million in illicit profits. Photo: VCG

U.S. Market Makers Narrow Futu, Tiger Insider-Trading Suit to 45 Individuals

Susquehanna and Citadel Securities allege the defendants made $155 million from suspicious put-option trades placed before Chinese regulatory actions against the two online brokerages became public

Aug 13, 2026 12:37 AM
ModelBest originated in a natural-language-processing lab at Tsinghua University and was formally established in August 2022. Photo: VCG

ModelBest Begins Pre-IPO Tutoring as On-Device AI Competition Heats Up

The Chinese startup is preparing for a domestic listing after rapid fundraising and a strategic push into on-device AI, with a focus on automotive and education applications

Aug 12, 2026 11:02 PM
Anzu Robotics’ Raptor T drone. Photo:Anzu Robotics

U.S. Proposes Ban on Domestic Drone Maker Over Alleged DJI Ties

The FCC’s move signals that U.S. regulatory scrutiny is expanding beyond a company’s registration location to target manufacturing sources and technology-licensing agreements

Aug 12, 2026 10:34 PM
Zhu Rongji. Photo: Xinhua

Former Chinese Premier Zhu Rongji, Economic Czar, Dies at 98

The fierce reformer steered China through the Asian financial crisis and championed its WTO entry

Aug 12, 2026 07:28 PM
Zhu is arrested by Australian police at Sydney Airport on July 24. Photo: Queensland Police Service

Chinese Solar Executive Charged in Australia With Offering Bribe Hidden in a Bag of Tea

Zhu Guoxin, the country manager for manufacturer Shenzhen Growatt New Energy, has been arrested and faces up to seven years in prison for allegedly handing an official $20,000 in cash to secure product certifications

Aug 12, 2026 07:14 PM
Yang Bingbing

Exclusive: China Everbright Bank VP Resigns to Helm Parent’s Asset Manager

Yang Bingbing takes over as Communist Party chief of Everbright Asset Management after a 21-year run at the lender, sources say

Aug 12, 2026 06:49 PM
Changxin Technology debuted on the STAR Market on July 27, 2026. Photo: VCG

Commentary: CXMT Bet Offers a New Fiscal Playbook for Local Governments

The mega listing of CXMT highlights a concerted pivot by local municipalities toward state-backed equity investments, but challenges loom for this new economic model

Aug 12, 2026 05:04 PM
Tencent Music is responding to growing competition by drawing more traffic from elsewhere inside Tencent. Photo: IC photo

Tencent Music Leans on Parent Ecosystem as Rivals Surge

The company is deepening integration with the Tencent ecosystem and leaning on its newly acquired Ximalaya platform to defend market share against ByteDance’s rapidly growing audio apps

Aug 12, 2026 03:54 PM
China's passenger car market remains under pressure in July. Photo: VCG

China’s Car Sales Slump Pushes Automakers Deeper Overseas

A deepening domestic sales slump in July is forcing both Chinese brands and foreign joint ventures to seek growth overseas

Aug 12, 2026 02:59 PM
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Analysis: Southeast Asia Has a Big Audience for AI Micro Dramas, but Not Enough Paying Viewers

As Chinese studios push the popular video format abroad, the booming viewership in the region hasn’t translated into reliable profits

Aug 12, 2026 01:34 PM
A view of Asia’s largest open-pit copper mine, located in Shangrao, Jiangxi province, on Nov. 13. Photo: VCG

Commentary: How to Stop Resource Nationalism From Holding AI Minerals Hostage

Legal clauses won’t protect claims to the copper and cobalt needed for the artificial intelligence boom. Instead, multinational miners must rethink how they structure international deals

Aug 12, 2026 12:45 PM
A China-Europe Railway Express freight train carrying automobiles arrives in Belgium. Photo: VCG

Commentary: Beijing and Brussels Have a Breakthrough — Replacing Tariffs With Trust

A new, rules-based consultation mechanism shows that the future of China-EU trade lies in expanding cooperation, not protectionism

Aug 12, 2026 12:02 PM

Tech Brief (Aug. 12): Manus to Resume Independent Operations as Meta Deal Unwinds

Ant Group leads investment in Daimon Robotics, Zhipu AI’s coding assistant surpasses 1 million users

Aug 12, 2026 11:32 AM
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CX Daily: China’s Motorcycles Have Outrun Law That Scraps Them at 13

Rules written when the vehicles were used more for work than fun have created an obstacle to the rapidly growing recreational segment of the market

Aug 12, 2026 09:00 AM



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