Huasheng Haoche

Week's Go Global Information Gap (11/23–11/29): The US launched the AI "Genesis Project"

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.

China and U.S. Agree to Pause Certain Tariffs and Export Restrictions

​On October 30, China’s Ministry of Commerce (商务部) officially released the outcomes of the China–U.S. trade consultations held in Kuala Lumpur. Building on the consensus reached during the China–U.S. presidential meeting in Busan, the two countries’ economic and trade teams achieved substantive breakthroughs on key issues such as tariffs and export controls, providing a strong boost of confidence to the global economy.

QCraft Debuts at Japan Mobility Show, Starts L4 Robobus Commercial Deployment in Japan

QCraft debuted at the 2025 Japan Mobility Show (49th Tokyo Motor Show), presenting its first mature L4 autonomous products for Japan — the Robobus and its full-stack autonomous driving solution — signaling the start of its commercial rollout in the country.

Autonomous Driving Goes Abroad: Why Singapore Is the First Stop in Southeast Asia

When Chinese autonomous driving technology companies set their sights on Southeast Asia, Singapore almost invariably becomes the “first coordinate” on every roadmap. In 2025, Singapore has offered not only certainty for those planning to enter, but also a stage for those already here.

Another EqualOcean-Listed Company, AISphere, Raises RMB 100 Million in Series B+ Funding

October 17, 2025 — Beijing. AISphere (爱诗科技), the parent company of PixVerse, announced the completion of its RMB 100 million (USD 13.7 million) Series B+ round, jointly backed by Fosun RZ Capital (复星锐正资本), Cowin Capital (同创伟业), and Shunxi Fund (顺禧基金), with Lighthouse Capital (光源资本) as the exclusive financial advisor.

Chinese Wind Giant Ming Yang to Create 1,500 Jobs with Scotland Investment

October 10 — Scotland, United Kingdom. Chinese wind turbine manufacturer Ming Yang Smart Energy (明阳智能能源) announced plans to invest up to GBP 1.5 billion (USD 2 billion) in building a large-scale wind turbine manufacturing facility in Scotland, expected to create about 1,500 jobs. The project is viewed as a major milestone in deepening China–UK cooperation in renewable energy and supporting Britain’s clean energy transition and green employment goals.

BYD Launches Electric Vehicle Sales in Argentina, Expanding Its South American Footprint

October 8 — Chinese electric vehicle manufacturer BYD (比亚迪) officially announced the launch of its EV sales operations in Argentina today, marking a new phase in its strategic expansion across South America. The move benefits from Argentina’s new import duty exemptions for electric and hybrid vehicles and further consolidates BYD’s leading position in the region.

NBA China and Alibaba Cloud Form Multi-Year Strategic Partnership

On October 9, ahead of the “Taobao 88VIP – NBA China Games 2025”, NBA China and Alibaba Cloud (阿里云)—the digital technology and intelligence backbone of Alibaba Group —jointly announced in Macau a multi-year strategic partnership. Under the agreement, Alibaba Cloud will become the Official Cloud Computing and Artificial Intelligence Partner of NBA China, with both sides working together to reshape how Chinese fans watch and engage with the NBA through AI and cloud innovation.

Chinese Fast-Fashion Giant SHEIN Sparks Controversy With First Permanent Stores in France

In October 2025, as France’s retail sector struggles and domestic brands face a wave of bankruptcies, Chinese fast-fashion giant SHEIN (希音) announced plans to open its first permanent brick-and-mortar stores in the country.

China’s New K Visa for Young Tech Talent Takes Effect Tomorrow

In September 2025, China officially launched a new visa category for overseas high-end tech talent—the K visa. The move is widely interpreted as China lowering barriers to attract global tech talent amid intensifying U.S.-China geopolitical competition, while offsetting the impact of Washington’s newly introduced restrictive visa measures.

XPeng Motors Expands to Five New European Markets, Accelerating Globalization Strategy

On September 26, 2025, XPeng Motors (小鹏汽车) announced its official entry into five European markets—Switzerland, Austria, Hungary, Slovenia, and Croatia—marking a major leap in its European strategy. Since launching its European expansion in 2021 with Norway as the first stop, XPeng has steadily advanced globalization. Its sales and service network now covers more than 46 countries and regions worldwide, showing strong growth momentum.

Beatbot, EqualOcean 2025 GoGlobal Emerging Brand, Raises RMB 1 Billion in Latest Funding

igh-end pool robot brand Beatbot (星迈创新) has recently completed a new financing round of RMB 1 billion (USD 137 million), led solely by Long-Z Investment (美团龙珠). Existing investors GL Ventures (高瓴创投), Shunwei Capital (顺为资本), Cathay Capital (凯辉基金), Source Code Capital (源码资本), Anker Innovations (安克创新), Monolith Capital (砺思资本), and Yunmu Fund (云沐基金) also increased their stakes. Yunmu Capital (云沐资本) served as the exclusive long-term financial advisor.

Chinese Autonomous Driving Firms Enter Singapore With Local Partners

Reuters reported on September 20 that two Chinese autonomous driving companies will launch driverless shuttle services in Singapore with local partners.

Alibaba to Issue USD 3.2B Zero-Coupon Bonds for Boost Cloud Infrastructure

On September 11, Alibaba Group (阿里巴巴集团) announced plans to issue USD 3.2 billion in zero-coupon convertible senior notes due 2032. According to the company, 80% of the proceeds will be used to enhance cloud infrastructure — including data center expansion, technology upgrades, and service optimization — while the remaining 20% will support international business growth by strengthening operations and improving global market competitiveness.

“In Europe to Stay”: Chinese Automakers Accelerate Expansion in Europe

According to Reuters on September 10, at the Munich IAA Mobility Show, Chinese automaker executives emphasized their commitment to “In Europe, For Europe”, signaling a major shift in the competitive landscape. Once struggling in Europe, Chinese brands are now challenging local giants like Volkswagen and Renault for market share.

Hongqi to Launch 15 New Energy Vehicle Models in Europe by 2028

According to Reuters on September 9, Chinese luxury automaker Hongqi (红旗) announced plans to introduce 15 electric and hybrid vehicle models in Europe by 2028, covering 25 countries and regions. At the Munich IAA Mobility Show, Hongqi also unveiled its EHS5, a new compact all-electric SUV.

CATL Debuts NP3.0 Platform in Germany, Launches Shenxing Pro LFP Battery for Global Market

On September 7, CATL (宁德时代) unveiled its NP3.0 technology platform at the Munich IAA Mobility Show and launched Shenxing Pro, the world’s first lithium iron phosphate (LFP) battery based on this platform. This marks a major milestone in CATL’s global expansion and demonstrates its latest breakthroughs in battery safety and performance.

QCraft Globalizes with European HQ and Forms Partnership with Qualcomm

Munich, Germany – September 8, 2025 — QCraft, a global leader in L2++ to L4 autonomous driving (AD) solutions for automakers, today formally announced the launch of its globalization strategy at IAA MOBILITY 2025, unveiling the establishment of its European headquarters in Germany and a partnership with Qualcomm. These milestones mark QCraft’s official entry into the EU and global markets.

Alibaba.com Launches AI-powered Procurement Assistant, Orders Surge 69% in Five Days

On September 5, at the CoCreate 2024 Summit in the U.S., Alibaba.com (阿里巴巴国际站) launched a new AI-powered Procurement Assistant for global buyers, applying generative AI across the entire B2B trade process to simplify workflows and enhance user experience.

Weekly Overview (8/30-9/5)

「Week's Hot Series (8/30–9/5)」1.BYD H1 Revenue Surpasses Tesla; 2. Chinese Electronics Brands Surpass 20% Market Share in Brazil in H1 2025; 3. US Postal Parcels: 6-Month Fixed Duty Transition; 4. Alibaba’s International Commerce Leads Growth; 5. WeRide Robotaxi Debuts in Southeast Asia; 6. Shanghai H1: Export Resilience, Private-Sector Lead; 7. OpenAI Plans 1-GW Data Center in India; 8. AliExpress “Top-Tier” Brand Push; 9. FlowerKnows Series B; Proya Becomes No.2 Shareholder