Hanwei Technology: Xinli electronics plans to increase capital by 50 million yuan to expand the business of automotive electronic air sensors

Beyond Capital: Why Europe Needs Industrial Partners, Not Just Investors

Europe’s reindustrialization is creating new opportunities for Chinese companies. However, the winners will not necessarily be those seeking quick acquisitions or rapid market access. The real opportunities belong to companies capable of embedding themselves into Europe’s industrial ecosystem and supporting the long-term transformation of local industries.

Ecosia Shifts AI Search Toward Open-Weight Models, Including Chinese LLMs

Ecosia, the Berlin-based search engine, is shifting more of its AI services toward open-weight models, including Alibaba’s Qwen, Z.ai’s GLM and Moonshot AI’s Kimi, through German AI platform Melious. Founder and CEO Christian Kroll told Politico that the change had roughly halved costs while improving quality and performance. The move shows how Chinese-developed models are entering Western products through European hosting and infrastructure.

Unpacking China | Key Chinese Firms to Watch This Week （4/10/2026-10/10/2026）

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

Manus Parent Butterfly Effect Raises More Than $500 Million After Meta Deal Unwind

Butterfly Effect, the China-founded company behind AI agent Manus, has completed a funding round of more than US$500 million, the company announced on October 8. Boyu Capital and IDG Capital led the round, with existing investors Tencent, HSG and ZhenFund also participating. The company did not disclose its valuation or how it plans to use the proceeds.

Wasion Unit Reports More Than CNY 4 Billion in Overseas Contract Awards

Wasion Holdings Limited（威胜控股）said its subsidiary Wayon Energy Technology had secured overseas contract awards worth more than CNY 4 billion from the start of 2026 through October 8. The orders cover data-center infrastructure and power-distribution equipment, with data-center thermal-management products and solutions accounting for more than CNY 570 million.