China Warns of Overcrowding in Humanoid Robot Sector
China now has more than 150 humanoid robot companies, but authorities are cautioning against the risk of repetitive, low-quality products flooding the market. The National Development and Reform Commission (NDRC) noted that more than half of these players are startups or cross-sector entrants. The top economic planner intends to improve industry standards and entry and exit mechanisms while supporting technological breakthroughs in “brain” models and cloud-edge computing coordination, spokesperson Li Chao said Thursday.
Changan-Backed New-Energy Vehicle Maker Avatr Files for Hong Kong IPO
Avatr Technology Co. Ltd., a premium new-energy vehicle (NEV) maker backed by Chongqing Changan Automobile Co. Ltd., has filed for a Hong Kong listing. The company reported revenue of 12.2 billion yuan ($1.7 billion) for the first half of 2025, nearly doubling from a year earlier, while its net loss rose 10.8% to 15.9 million yuan. Avatr delivered 56,729 vehicles in the first six months of 2025.
Alibaba’s Quark Unveils First AI Glasses
Alibaba Group Holding Ltd.’s intelligent search app Quark released its first AI glasses Thursday, powered by the tech giant’s Tongyi Qianwen large language model. The lineup includes the G1 series, an audio-focused model priced from 1,899 yuan that competes with similar products from Meta and Xiaomi, and the S1 series, which features binocular displays and starts at 3,799 yuan.
DeepSeek Open Sources New Math Reasoning Model
DeepSeek released a new model, DeepSeekMath-V2, on Hugging Face and GitHub on Thursday, featuring a self-verifying training framework that allows the model to check and correct its own proofs. The startup said the model achieved gold-medal-level performance in the 2025 International Mathematical Olympiad.
AI Infrastructure Firm Infinigence Raises 500 Million Yuan
Infinigence AI secured nearly 500 million yuan in Series A+ financing led by investors including state-backed Zhuhai Technology Industry Group Co. Ltd. and Fortera Capital. The funds will be used to advance chip technologies, scale up its AI cloud products and solutions, and build agent infrastructure.
Regulator Approves 178 Domestic Games in November
The National Press and Publication Administration licensed 178 new domestic online games for November. Six imported games also received approval during the month.
Leapmotor Launches Lafa5 Sport Coupe
Zhejiang Leapmotor Technology Co. Ltd. launched its Lafa5 new-energy sport coupe Thursday, priced between 97,800 yuan and 121,800 yuan. The vehicle offers ranges of 515 kilometers and 605 kilometers and is equipped with lidar sensors.
China Reports Over 7,000 Advanced Smart Factories
China has built more than 7,000 advanced smart factories, with the market for intelligent manufacturing equipment, software and system solutions exceeding 4.5 trillion yuan, according to the Ministry of Industry and Information Technology. Vice Minister Xin Guobin said the government will prioritize intelligent manufacturing in its upcoming five-year plan.
