Huawei’s revenue growth slows
Huawei Technologies Co. Ltd. reported a slowdown in sales revenue growth for 2025, constrained by limited expansion in its ICT (information and communications technology) infrastructure and consumer device businesses. The company generated 880.9 billion yuan ($127.6 billion) in sales revenue for the year, up 2.2% year-on-year, significantly lower than the 22.4% growth recorded in 2024. Net profit rose 8.7% to 68 billion yuan, rebounding from a 28% year-on-year decline in 2024.
U.S. chipmaker Onsemi increases investment in China
U.S. power semiconductor maker ON Semiconductor Corp. (Onsemi) said Tuesday it will establish a Greater China headquarters in Shanghai and invest about $50 million in the country over the next three years, stepping up local decision-making and investment as demand rises from electric vehicles, renewable energy and AI data centers. It said it plans to appoint a China general manager, who will also oversee its systems engineering business, in a bid to tighten coordination between technology and management and respond more quickly to automotive, industrial and data-center customers.
UBTech’s 2025 revenue jumps 53.3%
Humanoid robot maker UBTech Robotics Corp. Ltd. reported full-year revenue of about 2 billion yuan for 2025, surging 53.3% year-on-year. Its net loss narrowed by approximately 31.9% to 790 million yuan. Revenue from its full-size embodied AI humanoid robots reached 820 million yuan, skyrocketing 2,203.7% year-on-year, with sales volume hitting 1,079 units. In addition, the company sold 12,759 non-full-size, non-embodied AI humanoid robots, which include remote-controlled, pre-programmed and toy robots.
Chinese satellite startup GalaxySpace kicks off IPO
Chinese commercial satellite startup GalaxySpace has begun the process for an A-share listing, as a wave of commercial space companies seeks to tap domestic capital markets amid growing state support for the sector. The company has filed for IPO tutoring, a standard step before a mainland stock offering, the China Securities Regulatory Commission disclosed on Monday. The filing was registered with the Beijing bureau of the securities regulator, with Huatai United Securities Co. Ltd. serving as its adviser.
Optical interconnect maker Lightelligence files for Hong Kong IPO
Shanghai Lightelligence Co. Ltd., a maker of optical interconnect hardware and optical-computing products, has filed for an IPO in Hong Kong, seeking fresh funding as AI workloads push data centers toward faster, lower-power links. Lightelligence submitted its application to Hong Kong Exchanges and Clearing Ltd. on Monday. China International Capital Corp. and Guotai Haitong are joint sponsors, according to the filing. The company did not disclose a fundraising target. It said proceeds will be used over the next five years for research and development of optical interconnect hardware and optical-computing products, to accelerate commercialization and for general corporate purposes.
Tencent’s WorkBuddy launches mini-program
Tencent Holdings Ltd. launched a WeChat mini-program version of its self-developed desktop AI agent, WorkBuddy, on March 31. The mini-program supports both cloud and desktop modes, allowing users to send files and images via voice commands, as well as download WorkBuddy-generated content directly to their phones. Previously, connecting the WorkBuddy desktop application to WeChat relied on a customer service account and the ClawBot plugin, neither of which supported receiving files and occasionally suffered from unstable connections.
