China Enterprises Globalization Weekly | Dubai Business Forum Unveils Its Overseas Guest Lineup / Moonshot AI Completes $3.5 Billion Series F Financing
Headline News
Dubai Business Forum · China: Overseas Guest Lineup Unveiled
On October 14, 2026, the 5th Dubai Business Forum will be held in Shenzhen, with the full lineup of overseas guests announced. This forum will gather a number of key guests from Dubai government agencies, leading enterprises and investment sectors. They have long been engaged in Dubai's economic development, industrial planning, investment promotion and innovation ecosystem construction, and will share insights around Dubai's economic strategy, key industry trends and future cooperation directions. As of now, 58 Dubai-based enterprises and institutions have confirmed their attendance, covering key sectors including artificial intelligence, digital technology, advanced manufacturing, cross-border investment, consumer retail, logistics and supply chain. If you hope to gain in-depth insights into Dubai's industrial opportunities on site, or conduct business exchanges with senior executives of Dubai enterprises, investment institutions and government representatives, it is recommended that you submit your attendance application as early as possible. Limited seats available, please scan the QR code below or click "here" to submit your registration application.
Beyond Tokyo: Understanding the Diverse Industrial Landscape of Japan
When talking about the Japanese market, apart from Tokyo, a growing number of tech enterprises are turning their attention to local Japanese cities with distinctive industrial clusters. For example, Yokohama has formed a relatively complete industrial ecosystem in the new energy vehicle and mobility sector; Osaka boasts first-class urban infrastructure and is committed to strengthening cutting-edge technologies and innovative industries; Fukuoka has attracted the attention of international startups thanks to its favorable innovation and entrepreneurship environment and advantages in Asian talents. On August 27, 36Kr Global joins hands with JETRO to invite representatives from Yokohama, Osaka, Fukuoka and Chinese enterprise representatives to share development opportunities and local operation experience in different regions of Japan. If you hope to gain in-depth understanding of the industrial characteristics of various regions in Japan and find the most suitable local operation path for your own development, you are welcome to scan the QR code below or click "here" to sign up for this event!
Company Updates
AliExpress ranks No.1 in brand appeal growth rate among Gen Z consumers in the US, surpassing Lululemon
According to news on July 29, the 2026 Q2 Gen Z Brand Tracker jointly released by Ad Age and The Harris Poll shows that AliExpress's overall brand score increased by 17.2 points quarter-on-quarter to 52.5, surpassing a host of popular local American brands including Lululemon, Grok and Shake Shack, and becoming the e-commerce platform with the fastest growing "brand appeal" among Gen Z consumers across the United States. (iiMedia E-Commerce)
Chery's global cumulative sales exceed 20 million units, with export sales in June rising 79.7% year-on-year
On July 25, Chery Group announced that its global cumulative sales volume has reached 20 million units, and the Fengyun A9 launched on the same day was delivered to users as the 20 millionth vehicle. Chery sold 2.566 million vehicles in June, of which 1.911 million were exported, representing a year-on-year increase of 79.7%, refreshing the monthly export record for four consecutive months. (Yicai Global)
XPENG Motors announces long-term strategy for Australia, with cumulative overseas sales exceeding 100,000 units after 6 years of global expansion
On July 27, XPENG Group officially announced its long-term strategy for Australia, planning to introduce XPENG's high-level intelligent assisted driving in the local market by 2027, launch five new intelligent vehicles in the second half of 2026, and rapidly expand its sales, delivery and service network. According to news on July 29, He Xiaopeng, Chairman and CEO of XPENG Group, announced that XPENG has expanded globally for 6 years, starting from Norway, and now its cumulative overseas sales have exceeded 100,000 units, covering 65 countries and regions. (Phoenix Tech)
Apollo Go launches public road tests in London in partnership with Uber and Lyft
On July 28, Baidu's Apollo Go officially launched public road tests in London in partnership with global mobility platform Uber and Freenow under Lyft respectively. Up to now, Apollo Go has been deployed in 27 cities around the world including Beijing, Shenzhen, Hainan, Dubai and Abu Dhabi, completing more than 22 million cumulative mobility services. (Xinhua News Agency)
CATL reports operating revenue of 276.917 billion yuan in H1 2026, up 54.80% year-on-year
According to news on July 24, CATL released its 2026 semi-annual report, recording operating revenue of 276.917 billion yuan in the first half of 2026, a year-on-year increase of 54.80%; net profit reached 43.284 billion yuan, up 41.98% year-on-year. According to data from SNE Research, the company's overseas market share reached 33.7% from January to May 2026, up 3.7 percentage points year-on-year. Its professional service stations cover multiple countries in Eastern Europe, Africa and South Asia, while it has also launched the Ningjia Service overseas experience centers in Saudi Arabia and Uzbekistan. (Official release of CATL)
Xiaomi's MiMo-V2.5 ranks No.1 on both OpenRouter's global weekly and monthly charts
On July 27, the latest data from OpenRouter shows that Xiaomi's MiMo-V2.5 ranks first on both the weekly and monthly global large model call volume charts, becoming the only model in the world with weekly call volume exceeding 10T in that week. Since May, the global call volume of MiMo-V2.5 has continued to rise, with the weekly token volume gradually increasing from 1.46T to 10.46T, representing a growth of about 616% in two months. (36Kr)
SF International launches 3PL fulfillment service for TikTok Shop covering 12 European countries
According to news on July 30, SF International officially launched the 3PL fulfillment service for TikTok Shop covering 12 European countries. Relying on its self-operated air trunk lines and local customs clearance and delivery networks in Europe, it has launched the China direct delivery model covering 12 European countries including Germany, France, Italy, Spain, Austria, Belgium, the Netherlands, Poland, Czech Republic, Hungary, Portugal and Greece. The overall end-to-end lead time for the 12 European countries is 4 to 15 natural days, and delivery in core countries can be as fast as 4 days. (Ebrun)
XCMG's first overseas new energy plant is officially put into operation
On July 27, the inauguration ceremony of XCMG Indonesia New Energy Manufacturing Base was held at Indonesia Weda Bay Industrial Park (IWIP). With the first batch of new energy equipment officially rolling off the production line and delivered to strategic partner Tsingshan Indonesia Weda Bay Park, XCMG's first overseas new energy plant was officially put into operation. The new energy equipment that was first rolled off the production line and delivered is the XC968-EV pure electric loader, equipped with an integrated dual-motor drive system, which reduces the usage cost by about 78% and maintenance cost by about 60% compared with fuel equipment of the same tonnage, and cuts about 150 tons of carbon dioxide emissions per unit per year. (Securities Daily)
Lens Technology signs MOU with Intel, focusing on TGV advanced packaging
According to news on July 24, wholly-owned subsidiary of Lens Technology, Lens International (Hong Kong) Co., Ltd., signed a memorandum of understanding with Intel Corporation (hereinafter referred to as "Intel"). The two sides will discuss and evaluate potential cooperation related to key processes such as glass substrate perforation forming, high-precision laser processing, metallized through-hole deposition and multilayer interconnection wiring. Intel will provide illustrative architecture information, design for manufacturability (DFM) guidelines, benchmark testing methods and verification methods. (36Kr)
Investment & Financing
Moonshot AI has completed $3.5 billion Series F financing, with valuation rising to $35 billion
According to news on July 29, Moonshot AI's Kimi completed over $3.5 billion Series F financing, with its valuation rising to $35 billion. The National Artificial Intelligence Industry Investment Fund is one of the lead investors in this round. At present, Moonshot AI has begun to plan for Pre-IPO round financing, aiming to complete fundraising at a pre-money valuation of $50 billion. On July 17, Moonshot AI released its latest large model Kimi K3, with a total parameter count of 2.8 trillion, which topped the Frontend Code Arena programming leaderboard with a score of 1679, becoming the open-source large model with the largest parameter scale in the world so far. (Securities Times)
Zhengqi Future completes 3 rounds of angel financing totaling hundreds of millions of yuan in 8 months, plans to launch overseas DTC business within the year
According to news on July 27, physical AI company Zhengqi Future completed 3 rounds of angel series financing totaling hundreds of millions of yuan in 8 months, with core investors including DKH VGC, Linear Capital, SAIC Motor Hengxu Capital, Bright Data Capital, ZhenXin Investment, and CTF Investments. The company is positioned as "technology + product" dual-driven, focusing on Door-to-Door mobile tasks, and its core brand QUORRA is dedicated to building short-distance mobility robots. At present, the brand's first product has been mass-produced and has received commercial orders in more than 10 countries and regions around the world, and it plans to launch DTC business overseas within the year.
CoreChips Technology raises over $200 million in financing in H1, which will accelerate the global large-scale delivery of its automotive chips
According to news on July 31, in the first half of 2026, high-performance automotive-grade and industrial chip computing platform CoreChips Technology completed financing of over $200 million, with many new shareholders including industrial capital and local state-owned assets joining in, and existing shareholders continuing to follow on investment. Investors cover fields such as automotive semiconductors, smart transportation, industrial intelligence and AI chips. The raised funds will promote CoreChips Technology to accelerate the global large-scale delivery of automotive chips, and build an end-side intelligent computing platform at the same time. At present, CoreChips Technology has released the 5nm AI cabin-driving fusion chip "Dragon Eagle II", taking the lead in laying out the end-side central computing platform sector. (36Kr)
Policy & Market
Global silicon wafer shipments in Q2 2026 rise 7.4% year-on-year
According to news on July 31, the quarterly analysis report of the silicon wafer industry released by the Silicon Manufacturers Group (SMG) under SEMI shows that global silicon wafer shipments in the second quarter of 2026 increased by 7.4% year-on-year to 3573 million square inches, compared with 3327 million square inches in the same period of 2025. Shipments increased by 9.1% quarter-on-quarter compared with the 3275 million square inches recorded in the first quarter of 2026. (iiMedia E-Commerce)
Global goods trade volume in Q1 2026 increases 1.9% quarter-on-quarter
On July 31, the World Trade Organization released the latest data, showing that the growth of global goods trade in the first quarter of 2026 exceeded expectations. Trade in AI-related electronic components increased significantly. After seasonal adjustment, the global goods trade volume in the first quarter of this year increased by 1.9% quarter-on-quarter and 3.2% year-on-year. Asia's exports and imports in the first quarter increased by 12.9% and 14.6% year-on-year respectively, mainly driven by economies including China, Singapore, South Korea and Thailand. North America's exports increased by 7% year-on-year, while imports decreased by 10.7% year-on-year. (iiMedia E-Commerce)
Export volume of domestic surgical robots surges 330%, the "Three New Emerging Products" see rapid development
According to news on July 28, the "Three New Emerging Products" including artificial intelligence, robots and innovative drugs are developing rapidly, and are expected to form new pillar industries. From July 13 to 19, the call volume of China's large model week reached 36.11 trillion tokens, up 30.93% quarter-on-quarter, achieving growth for eight consecutive weeks and ranking first in the world for twelve consecutive weeks. In the first half of this year, China's robot export volume reached 6.29 billion yuan, with products sold to 141 countries and regions around the world, and the export volume of surgical robots increased by 3.3 times; in the first half of the year, the transaction volume of Chinese innovative drug out-licensing reached about $110 billion, and Chinese pharmaceutical enterprises took 8 seats in the top 10 global pharmaceutical transaction list. (CCTV Finance)
China's export of passenger car tires to Russia hits a ten-year high in June
According to news on July 31, data from China Customs shows that in June 2026, China's export volume of passenger car tires to Russia reached 2.99 million units, with an export value of $85 million, representing a sharp year-on-year increase of 200%, and a nearly 180% month-on-month increase compared with May, hitting the highest monthly record since 2015. The cumulative export volume in the first half of 2026 reached 12.7 million units, with an amount of $322 million, and the export volume and value increased by 60% and 40% year-on-year respectively. (Ebrun)
English Services
Service | KrASIA launches brand new English media service for Chinese global expansion enterprises
Against the backdrop of the complex global economic landscape, English coverage is not only an important means to convey value propositions to overseas customers and consumers, but also a cognitive precipitation for enterprises across the world. The English media KrASIA (kr-asia.com) is committed to introducing Chinese business and culture to the world. About 60% of readers on its English website are business people in core Southeast Asian countries. With excellent search engine optimization, professional English content, reliable social media matrix, as well as external inclusion platforms such as Bloomberg Terminal and