A J-35 stealth fighter jet bearing the number "0001" was spotted taxiing out of a hangar in a recent CCTV News program. A Chinese military affairs expert was quoted as saying in the CCTV report on Friday that signs in the footage suggests this particular J-35 could be an export version of the J-35 series, making it a likely candidate for China's next major export fighter.

According to the CCTV report, this was no ordinary equipment display. The aircraft lacked the Chinese People's Liberation Army (PLA) Air Force insignia, its paint scheme differed from the military's standard version, but the highly visible "AVIC" (Aviation Industry Corporation of China) acronym printed on the nose was prominent.

The report noted that these details have captured viewers' attention, raising questions about whether an official export version of the J-35A has been finalized and how this uniquely numbered stealth fighter might reshape the global airpower landscape.

The J-35A is the second type of fifth-generation stealth fighter jet independently developed by China, featuring the experience and the PLA Air Force's feedback on the J-20, China's first type of stealth fighter jet. The J-35A is designed with a balanced consideration of performance, reliability, maintainability and cost, Wang Ya'nan, editor-in-chief of Beijing-based Aerospace Knowledge magazine, told the Global Times.

Chinese military affairs expert Fu Qianshao said in the CCTV News report that this particular J-35 has certain differences from J-35A or J-35 aircraft previously shown to the public.

The aircraft's nose landing gear strut is relatively slender and features a single wheel, suggesting it is a modified version of the air force's J-35A, rather than the carrier-based variant of the navy. Additionally, its paint scheme differs from both current air force and navy colors, Fu said, per the CCTV report.

The aircraft's coating is relatively simple — light gray overall — indicating it has clearly not been painted according to any specific customer's requirements. The final paint job will ultimately depend on the needs of the buyer, said Fu, according to the report.

The carrier-based J-35 must withstand the enormous impact of landing, therefore it employs a stronger, dual-wheel nose landing gear equipped with catapult launch hooks. This J-35's single-wheel design is evidently optimized for land-based runway operations. This structural feature, combined with the "raw" appearance of its unpainted final coating, further suggests it is not a service model but an aircraft in the final "pre-delivery" stage awaiting customer handover, the expert said, the CCTV report showed.

Fu said that beyond the landing gear and paint scheme serving as directional clues, this new J-35 bears the number "0001" - different from previous numbers - makes it easy to infer that it is very likely an export version. Considering that the J-35's technology demonstrator, the FC-31, had its sights set on the export market since its early development stages, and now that this fighter has matured and been fielded by both the air force and navy, a new export version is likely to emerge, Fu said, per the CCTV report.

Meanwhile, the expert noted that PLA Air Force service aircraft never featured the AVIC logo, yet this J-35 not only bears the acronym but also taxied out of a hangar displaying the logo. All these details indicate that the J-35 series has fully achieved the capability for mass-produced export versions.

At the 10th Singapore Airshow in February 2026, the J-35A took center stage at the booth of AVIC. While the J-35A AVIC showcased on this occasion was a 1:2 scale model, the aircraft still emerged as a star exhibit of this year's Singapore Airshow, drawing numerous visitors who stopped to view and discuss it.

As China's independently developed fifth-generation stealth fighter, the J-35 series is likely to become a key export model in the next phase, Fu added.

Shi Yong, Charge d'Affaires ad interim of Chinese Embassy in Japan, briefed on the recent series of terror threats received by the embassy at a press conference held on Thursday, according to CCTV News. Shi noted that the Japanese police didn't attach importance to the report of the embassy. 

Shi Yong revealed that on March 5, an organization claiming to consist of former Japanese police officers and former Self-Defense Forces members sent a terror threat letter to the embassy, threatening that they would launch attacks on Chinese diplomatic and consular missions in Japan, per the CCTV News report. 

After receiving the letter, the embassy immediately reported it to the Japanese police. However, the Japanese police did not take the threat seriously, failed to take effective measures, and have not yet identified the truth behind the incident, the report highlighted.

Nineteen days later, a serious incident occurred in which active-duty Japan Self-Defense Forces member Kodai Murata broke into the Chinese Embassy by scaling the wall carrying a knife on March 24. The Chinese side immediately lodged strong representations with Japan's Ministry of Foreign Affairs and the police. 

Just one week after the break-in incident, on March 31, according to the CCTV News report, another individual claiming to be a reserve Self-Defense Forces member sent a terror threat to the embassy via the internet, claiming that he had planted a remote-controlled bomb inside the Chinese Embassy. 

The embassy immediately reported the threat to the police, and Japanese police conducted a nearly two-hour bomb disposal operation at the embassy that same day. 

The Chinese Embassy in Japan stated that the above incidents seriously violate international law, gravely infringe upon China's sovereignty and dignity, and threaten the safety of Chinese diplomatic personnel as well as the security of diplomatic premises. The nature and impact of these incidents are extremely egregious, it stated.

The Chinese Embassy in Japan said that it has lodged nearly 30 rounds of representations with Japanese police over the recent spate of terror threats, yet little progress has been made in relevant investigations. Having repeatedly elaborated its stern position and clear demands, Chinese side once again strongly urged Japan to speed up the case probe, severely punish perpetrators in accordance with law, offer a responsible explanation to China, and take effective measures to safeguard the premises and staff of Chinese diplomatic and consular missions in Japan so as to prevent similar incidents from recurring, Xinhua reported.

Xiang Haoyu, a distinguished research fellow at the China Institute of International Studies, told the Global Times on Thursday that in the early stages of the incident, the Japanese police responded to the embassy's report with a passive and perfunctory attitude. The case was left unresolved for a prolonged period, allowing the threats to escalate. 

This clearly demonstrates insufficient attention to Chinese embassy's security concerns and a dereliction of duty. Only afterward, under pressure from public opinion and diplomatic channels, did they announce measures to strengthen security, Xiang noted. "This was obviously a passive, remedial action that barely conceals their earlier inaction and negligence."

Xinhua News Agency in a report Wednesday noted that the incident has sparked widespread shock and concern due to its severity and potential implications. However, the Japanese government has so far only responded by calling it "deeply regrettable," a stance that has drawn criticism.

Japanese police on Tuesday re-arrested Kodai Murata, Xinhua reported, citing Japanese media. Japan's NHK, citing sources, reported on the same day that an incident similar to Chinese Embassy intrusion case took place "several years ago." According to the NHK report, "In both incidents, the sources say the intruders entered the adjacent buildings through unlocked doors. Following the earlier case, police are said to have asked property managers in the neighborhood to take preventive measures. But the building used in the latest case was not fully locked," per the report. 

The head of Japan's National Police Agency (NPA) on Wednesday stressed the urgent need to prevent any recurrence of incidents involving forced entry into foreign diplomatic missions, Xinhua reported on Wednesday, citing local media.

Chinese observers expressed suspicion that the Japanese police's approach in handling this matter has in fact still been quite passive. They showed no serious regard for the gravity of the problem and instead adopted an attitude of indulgence and shielding," Lü Chao, an expert at the Liaoning Academy of Social Sciences, told the Global Times on Thursday.

Lü noted that in reality, Japan has exposed to the international community its unreasonable and egregious attitude of tolerating and condoning terrorist threats and intimidation. There is no doubt that this will have a very negative impact on Japan itself."

The successive extreme threats reflect a dangerous trend of intensifying right-wing tendencies in Japanese society, where anti-China sentiment - long fueled and inflamed by politicians and the media - has become rampant. In particular, the involvement of active-duty and reserve Self-Defense Force personnel as well as former police officers exposes how extremist ideologies have already penetrated specific groups, with hostility toward China shifting from rhetoric to violent action, Xiang warned.

China's oil and gas supply remained generally stable and orderly in the first quarter of 2026, as the National Energy Administration (NEA) effectively mitigated the impact of the Venezuela crisis and the US-Israel conflict with Iran on the country's energy supply, an NEA official said on Monday.

In the first quarter, crude oil output among above-designated-size industrial enterprises rose by 1.3 percent year-on-year, and that of natural gas increased by 3.0 percent. Coal production maintained steady growth despite a high baseline from the same period last year, with raw coal output from those enterprises increasing by 0.1 percent year-on-year, Xing Yiteng, deputy director-general of the department of development and planning at the NEA, said at a regular quarterly press conference on Monday.

The resilience of China's oil and gas industry and its capability to respond flexibly to risks and challenges have been constantly strengthened, supported by multiple factors, Zhang Xing, another NEA official, said at the same conference, in response to a question about China's oil and gas supply security as the recent energy crisis triggered by the conflict in the Middle East has affected many countries.

Guided by the new strategy of energy security since the start of the 14th Five-Year Plan (2021-25) period, the NEA has been actively promoting the high-quality development of the oil and gas industry to ensure supply security under all circumstances, Zhang said.

First, efforts have been made to intensify oil and gas exploration, steadily increasing domestic output. The country's crude oil production has remained above 200 million tons per year, reaching new highs, while natural gas production has seen annual increases of more than 10 billion cubic meters for nine consecutive years. 

Second, the NEA has accelerated the planning and construction of oil and gas infrastructure. The total length of long-distance oil and gas pipelines has surpassed 200,000 kilometers, while the receiving capacity for liquefied natural gas (LNG) now exceeds 120 million tons per year, Zhang said.

In addition, efforts have been made to consolidate and improve a diversified import system. China conducts oil and gas trade with nearly 50 countries worldwide, with import sources covering all major global oil and gas exporters, ensuring stable and reliable imports of oil and gas resources. Furthermore, the country continuously promotes the reliable and orderly substitution of oil and gas consumption, according to Zhang.

Jin Lei, a professor at the China University of Petroleum, told the Global Times on Monday that China boasts advantages in three aspects: an energy structure that relies less on oil compared with coal, national energy dispatches among different regions, and technological accumulation in new energy development.

"Through the development of wind, solar, and other sources of new energy, China has broken the global reliance on traditional fossil fuels - coal, oil, and gas - transforming a singular supply structure into a diversified one. This shift has significantly enhanced the resilience and security of the global energy system," Jin explained.

China's newly installed solar and wind power capacity exceeded 430 million kilowatts in 2025, up 22 percent year-on-year, hitting a record high, the Xinhua News Agency reported in February, citing NEA data.

This surge propelled the cumulative grid-connected capacity of wind and solar power to 1.84 billion kilowatts, accounting for 47.3 percent of the country's total installed power capacity and surpassing thermal power for the first time, according to the report.

China supplies 70 percent of the world's wind power equipment and 80 percent of its photovoltaic modules, with strong competitiveness in both cost and quality, Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University, told the Global Times on Monday.

 Lin noted that the moment has arrived for countries worldwide to acknowledge China's pivotal role in global energy development, emphasizing the need for closer collaboration.

Multiple foreign envoys and business representatives have voiced expectations for expanding cooperation with Chinese high-tech companies in artificial intelligence (AI), where China's competitive edge can help boost traditional sectors such as agriculture and education in their countries.

The remarks were made at the 2026 New Year Dialogue between Diplomats and Business Leaders held in Beijing on Tuesday. The event, which marked its ninth edition this year, attracted hundreds of participants, including government officials and business leaders from various countries.

This year's dialogue, themed "Deepening Practical Cooperation and Jointly Creating New Opportunities for Openness," focused on the practical use of digital technologies such as AI in trade matchmaking, investment decisions, and cross-border cooperation, and promotes linking policy exchanges with project implementation, the Global Times learned from the event organizer.

Speaking at Tuesday's event, Md Ziaur Rahman, commercial counselor, Embassy of Bangladesh in Beijing, told the Global Times that this was his first time to participate in this event centering on AI technology cooperation.

"AI is now a top priority around the world. It is being used across sectors—commerce, sports, tourism, education, and beyond. It can't be ignored... China is one of the leading countries in AI innovations, so it goes without saying China is also at the forefront of AI," Rahman said.

The Bangladesh envoy said that he sometimes use tools like DeepSeek, "which is very useful, especially for preparing reports and gathering data."

"Countries around the world are trying to make use of Chinese technology, and that is very important. The depth of China's technological development is very impressive, and this creates a great opportunity for countries like Bangladesh," Rahman said.

Specific sectors where Chinese AI technology may take root in agriculture in African countries such as Malawi were noted by Fredrick Malire, commercial counselor of the Embassy of Malawi in Beijing.

"AI is a very important tool used across many sectors today... In Malawi, we mainly depend on agriculture, but agricultural practices are not yet very modern," he said, expressing the need to modernize them with AI, "so we can increase production, feed our population, and even expand exports."

And, Malire gave an example that modern tools such as AI can support surveillance of maize fields and other crops, helping detect pest attacks or diseases early so that timely measures can be taken.

African countries are ready to work with Chinese companies to help address these challenges, including those Malawi faces, the African envoy said.

Andriamanalinarivo Zoelinoro, director of Madagascar-China Friendship Strategic Cooperation Association, told the Global Times that she found the event an interesting occasion to discover more opportunities and open doors in different areas regarding technology.

"In education in particular, AI and other advanced technologies could help improve access to educational resources, especially for people in rural and remote areas... We have many people living in rural communities, so this is a real need, and there is definitely potential for cooperation with Chinese companies in this area," said Zoelinoro.

China has become an increasingly important player in global AI industry. In 2025, China became the world's largest holder of AI-related patents, accounting for as much as 60 percent of the global total, the Science and Technology Daily reported, citing data from the World Intellectual Property Organization.

The remarks by foreign representatives on expanding cooperation with China are not surprising, as they reflect broad international recognition of China's AI innovations and application capabilities, Ma Jihua, a veteran industry analyst, told the Global Times on Tuesday.

"With the rapid development of AI, applications are increasingly focused on real-world use. China has accumulated extensive experience, with AI widely applied in industry, agriculture, education, and research, delivering significant results," Ma said, noting that the technologies are highly replicable and scalable.

For many developing countries, adopting such technologies can help realize the inclusive benefits of AI, narrow the digital divide, and support leapfrogging development, the expert added.

German automotive companies are rapidly expanding research and development (R&D) operations in China, with a growing share targeting both local and global markets, as intensifying competition and innovation pressure reshape corporate strategies, according to a latest innovation report by the German Chamber of Commerce in China.

Localized R&D in China has significantly accelerated development for German automakers. Eighty one percent of companies from the automotive industry say that localizing their R&D in China has accelerated their development speed over the past two years compared with Germany. Notable, 43 percent say their innovation speed increased substantially - by more than 40 percent, according to the report that the chamber sent to the Global Times on Tuesday.

Over the past two years, the proportion of German carmakers in China conducting R&D for both domestic and global markets has nearly tripled from 12 percent to 33 percent. Meanwhile, the overall share of German automotive firms with R&D and innovation activities in China rose to 73 percent, up 4 percentage points, the report showed.

Jan Roennfeld, executive director and board member of the German Chamber of Commerce in China - South and Southwest China, said the Chinese market is increasingly seen as a "testing ground" for innovation.

"As competitive pressure and the need to innovate intensify, the Chinese market is becoming an important testing ground. Innovations that succeed in China are often well positioned for global success," he noted.

To succeed and grow in China and globally, German companies must keep pace with their Chinese competitors, Roennfeld said, adding that localized R&D has become "a central pillar" of strategy for German automotive firms. He noted that companies are making long-term strategic adjustments in response to an increasingly challenging market environment.

Cost advantages are another key driver. According to the report, 79 percent of companies said localized R&D in China has reduced their R&D costs compared with Germany, while 70 percent credited innovation partnerships in China for further cost savings.

"In a market with intense price pressure, every cost reduction directly strengthens competitiveness," Roennfeld said.

The findings underscore how China's innovation ecosystem — characterized by strong supply chains, rapid iteration cycles and a large application market — is reshaping the global strategies of foreign firms, particularly in the automotive sector, where electrification and intelligent transformation are accelerating.

The Innovation Report, jointly produced by the German Chamber and consulting firm BearingPoint, surveyed 257 member companies between March 16 and April 10, including 42 from the automotive sector. First launched in 2022, the report aims to provide insights into China's evolving innovation landscape and the opportunities and challenges facing German businesses operating in the country.

The deepening R&D linkages reflect a broader shift toward two-way industrial integration. German automakers such as Volkswagen, BMW and Mercedes-Benz are strengthening partnerships in China in software and intelligent technologies, while Chinese firms are expanding their R&D footprint in Germany to build up engineering capabilities, according to the Xinhua News Agency.

This evolving pattern highlights the complementary positioning of the two sides across the automotive innovation chain. Data from the German Economic Institute showed that German investment in China rose significantly in 2025, with new investment reaching around 7 billion euros, well above the roughly 4.5 billion euros recorded annually in the previous two years. The data provides further evidence of growing two-way engagement between Chinese and German businesses.

Meanwhile, a 2026 global passenger car market outlook released by Germany's Center Automotive Research Institute in Bochum noted that the future of the automotive industry lies in cooperation with China, Xinhua reported.

China’s logistics industry gained momentum in March, as reflected in improved sector data, buoyed by better coordination across upstream and downstream segments of the country’s industrial and supply chains and increased investment, state broadcaster CCTV News reported on Wednesday.

Data released by the China Federation of Logistics and Purchasing showed that the logistics performance index came in at 50.2 percent in March, up 2.7 percentage points from a month ago, with logistics activity becoming more active, the report said.

This trend showed that industrial and supply chains advanced in coordination across many upstream and downstream segments, with logistics investment increasing and market expectations improving, according to the report.

Sub-indices also rebounded across the board, with indicators including total business volume, new orders, inventory turnover, capital turnover, equipment utilization, employment and business expectations all posting notable month-on-month gains, the new data showed.

The Logistics Performance Index reflects overall changes in the development of the logistics sector. With 50 percent as the threshold, readings above 50 point to expansion in the sector, while those below 50 indicate contraction.

“The synchronized pickup in logistics volume and expectations reveals that supply chains are regaining efficiency more rapidly, underpinning industrial production and domestic demand,” Su Jian, a professor at Peking University’s School of Economics, told the Global Times on Wednesday, adding that smoother goods circulation will improve supply-demand matching and support stable economic operations.

According to the China Federation of Logistics and Purchasing, total business volume index rose to 50.2 percent, up 2.7 percentage points from February. Major sectors all recorded month-on-month improvement, with the railway transport sector at 54.4 percent, up 0.3 percentage points, while the air logistics index rose by 3.7 percentage points, the postal and express delivery index rose by 2.5 percentage points, and the road transport index went up by 3.1 percentage points.

The new data suggests that the recovery of the supply chain in the first quarter has been relatively solid, providing support for the rebound in logistics demand, the CCTV News report said.

Liu Yuhang, director of the China Logistics Information Center, was quoted by CCTV News as saying that the index’s return to expansion reflects clear improvement in key indicators, adding that logistics enterprises have strengthened their capabilities in digitalization and integrated supply chain services, helping sustain steady growth in the sector during the first quarter.

Investment in the logistics sector increased too. The index tracking fixed-asset investment stood at 51.4 percent, up 0.8 percentage points month-on-month, while the business activity expectations index reached 54.2 percent, up 3.2 percentage points, with most enterprises holding optimistic expectations for future development.

The improving logistics data are consistent with broader economic indicators. Earlier data from the National Bureau of Statistics showed that China’s manufacturing PMI rose to 50.4 in March, up 1.4 percentage points from February, which analysts said reflects the resilience of the Chinese economy.

Su said that improving logistics activity will support China’s efforts to build a more resilient supply chain and aid industrial efficiency, adding that policy support for infrastructure, digital logistics system and regional coordination will help consolidate economic growth momentum, especially as the country now focuses on the building of a modern industrial system centered on advanced manufacturing.

Would you believe that the core of an aircraft's power—a turbojet engine—could be made by hand from scratch? And would you believe that this feat was accomplished by a 14-year-old middle school student who taught himself calculus?

The 14-year-old, Che Jingang, has harbored a dream of spaceflight since he was very young. On April 12, he said in a video that he had completed a second round of assembly of his turbojet engine and was about to conduct a new round of testing, chinanews.com reported.

During his kindergarten years, he was captivated by the magic that a flatly thrown paper ball would only trace a parabola and plummet to the ground, whereas a paper airplane, ingeniously folded, could elegantly hover, fly level, and glide, the report said.

Eager to figure out how to make airplanes fly farther, more steadily, and stay aloft longer, Che turned every corner of his home into a test flight ground, chinanews.com reported.

By the third grade, he was already teaching himself calculus, aerodynamics, printed circuit board circuitry, SolidWorks, and Computer-Aided Design (CAD), the report said.

Che once devoted three to four hours each day to reading popular science and science fiction books also intensified the impulse within him to "create something tangible." 

He thus turned to Chinese social media platform Douyin for tutorials. "Tutorial videos are scarce on other platforms, but they are more detailed and intuitive on Douyin," said Che. Whenever a new idea struck him, he would search for tutorials on the platform, dissect real-world cases, summarize methods, and then experiment on his own, per chinanews.com.

Later, while scrolling through Douyin, Che came across a video of a "DIY creator" who had started as a water pump repairman and gone on to build 13 versions of a turbojet engine. In the video, the Mach diamonds that burst from the tiny turbojet at ignition immediately caught Che's attention. "At that moment, I thought, this was just too cool," he was quoted by chinanews.com as saying.

"Some people publish blueprints online, but if I just copied them directly, I felt it would be meaningless," Che said, adding that "I wouldn't learn anything, and it would be a waste of time." 

He began designing entirely from scratch: drafting 2D engineering drawings in CAD, building 3D models in SolidWorks, calculating airflow, temperature, and pressure using simulation software, and refining his design based on the data—a process that took six months, chinanews.com reported.

During his research, Che received kindness from numerous strangers. Unfamiliar netizens who watched his videos messaged him to offer help in machining the parts he needed; many fellow enthusiasts shared advice in the comment section; and countless online viewers cheered him on.

The work is not yet fully completed, and Che is still in the process of continuous experimentation and revision, chinanews.com reported. Regarding the setbacks encountered along the way, Che said that he would not be discouraged. "Nothing can be successfully accomplished on the first try. Even if I didn't succeed, I learned something, and that gives me the motivation to build it a second time," Che added.

Following the tragic death of a Chinese scholar who allegedly committed suicide a day after being questioned by US law enforcement personnel, a spokesperson from the Chinese Embassy in the US told the Global Times on Wednesday that the embassy is deeply saddened by this tragedy. The Chinese side has lodged solemn representations with relevant departments of the US government and the relevant university concerned on multiple occasions, and has promptly contacted the family of the individual involved, providing active assistance in handling follow-up matters, the spokesperson said. 

For some time, the US side has overstretched the concept of "national security," engaged in political manipulation, and subjected Chinese students and scholars to unwarranted questioning and harassment. These actions have infringed upon the legitimate rights and interests of Chinese citizens, disrupted normal people-to-people exchanges between China and the United States, and created a severe chilling effect, the spokesperson said. 

The Chinese side solemnly urges the US to conduct a thorough investigation into this case, provide a responsible explanation to the victim's family and to Chinese side, cease discriminatory law enforcement targeting Chinese students and scholars in the US, and stop fabricating unjust or wrongful cases, the spokesperson added. 

When asked about the death of a Chinese researcher in the US at the University of Michigan, and apparently his death followed some questioning from the authorities in the US, Chinese Foreign Ministry spokesperson Mao Ning said on Wednesday during the press conference that China has stated its position on the heartbreaking incident. 

"Let me stress again that China calls on the US to carry out a full investigation, give the family of the victim and the Chinese side a responsible explanation, and stop any discriminatory law enforcement targeting Chinese scholars and students in the US. China will continue to take what is necessary to firmly defend Chinese citizens' legitimate and lawful rights and interests," Mao said.

The Chinese side has yet to confirm the identity of the Chinese scholar involved. 

Some US media outlet such as Michigan Daily reported on Tuesday that the University of Michigan Division of Public Safety and Security is investigating the March 20 death of a Chinese scholar.

On March 19, at approximately 11:00 pm, officers from the University of Michigan Police Department responded to a report of a subject who fell inside the George G. Brown Building. An Assistant Research Scientist was found after falling from an upper level and was later pronounced deceased, Melissa Overton, Deputy Chief of Police of Division of Public Safety & Security at the University of Michigan, said in an email sent to the Global Times on Wednesday. 

"This incident is being investigated as a possible act of self-harm," Overton said, adding that there is no indication of an ongoing threat to the campus community. As this remains an active investigation, we are not able to provide additional details at this time.

The Chinese government attaches great importance to safeguarding the lawful rights and interests of Chinese citizens, including those studying abroad. The Chinese side has once again reminded Chinese students in the US to enhance their awareness of personal safety and to respond appropriately to US law enforcement actions, said the spokesperson from the Chinese Embassy in the US. 

"In the event of similar situations, they should contact Chinese embassies or consulates in the US at the earliest opportunity. Chinese side will continue to firmly uphold the principle of people-centered diplomacy and make every effort to protect the legitimate rights and interests of Chinese students and scholars in the US," the spokesperson said. 

Manycore Tech Inc, a spatial intelligence unicorn based in Hangzhou, East China's Zhejiang Province, on Thursday released its global offering document, revealing that the company plans to list on the Hong Kong Stock Exchange (HKEX) on April 17. 

After its IPO in Hong Kong, Manycore Tech will become the first listed company among what has become widely known as the "Hangzhou Six Little Dragons" of rapidly rising tech start-ups, media reports and analysts said.

According to the offering document on the company's website, Manycore Tech intends to globally offer approximately 161 million shares, with a maximum offering price of HK$7.62 ($0.97) per share. This means the firm aims to raise up to HK$1.227 billion, according to media reports. 

Manycore Tech has secured cornerstone investors including Taikang Life Insurance, Sunshine Life Insurance, GF Fund, Redwood, Mirae Asset, Wu Song Capital, Hesai HK and others, according to Manycore Tech's offering document. 

The diverse group of institutional investors - spanning major long-term insurance capital, top public funds, professional private equity firms, international asset managers, and industry leaders - has committed a total of approximately HK$455 million, according to a report by the Securities Times.

The report said that the inclusion of Mirae Asset, one of the largest independent financial groups in Asia, showed the recognition by international long-term capital of the spatial intelligence sector and the intrinsic value of Manycore Tech.

"Manycore Tech's IPO can send a strong signal to global capital: China's AI sector is not only about general large-language models. Hard tech companies operating in vertical domains with strong real-world application scenarios also possess substantial high-valuation potential," Wang Peng, an associate researcher at the Beijing Academy of Social Sciences, told the Global Times on Thursday.

According to media reports, Manycore Tech has established cooperation with several leading enterprises in their respective sectors, such as Hesai Technology, a global leader in lidar solutions, and Shanghai-based robotics company AgiBot, supporting the application of spatial intelligence in fields such as interior design, e-commerce, embodied intelligence, film and television, and extended reality (XR). 

Due to their influence in cutting-edge technology fields, Game Science, DeepSeek, Unitree Robotics, DEEP Robotics, BrainCo and Manycore Tech are collectively known as the "Hangzhou Six Little Dragons," and they are regarded as a microcosm of Hangzhou's and China's scientific and technological innovation strength.

Several of the "Hangzhou Six Little Dragons" have begun their IPO journeys. In addition to Manycore Tech, Unitree Robotics' IPO application for the STAR Market has been accepted by the Shanghai Stock Exchange (SSE), with the company set to become the first humanoid robot stock on the A-share market, according to a statement by the SSE. 

Other members of the group are reportedly advancing their IPO plans. 

Overall, the IPO processes of the "Hangzhou Six Little Dragons," covering cutting-edge hard tech sectors such as spatial intelligence, robotics, and brain-computer interfaces, have demonstrated the vibrant momentum of China's tech innovation sector, Wang said.

"The entry into the capital markets also indicates that China's high-tech sector is transitioning from the research and development (R&D) stage to the growth and expansion stage," said Wang.

Manycore Tech said in its offering document that about 30 percent of the capital raised from the IPO will be used for global expansion, 20 percent for enhancing the functionality of existing products and launching new products and/or features to meet the needs of real-world physical spaces and virtual environments, among other plans.

More and more Chinese tech companies are actively raising capital to drive R&D, accelerating innovation and expanding their market presence. These compelling investment opportunities are injecting fresh vitality into the capital markets, Pan Helin, a member of the Expert Committee for the Ministry of Industry and Information Technology, told the Global Times on Thursday.

Analysts also noted that enterprises such as Manycore Tech are queuing up to list on the HKEX, which indicated the strong momentum of Hong Kong's IPO market for the technology sector.

As of March 31, 40 companies had completed IPOs in Hong Kong, raising nearly HK$110 billion. This represents a year-on-year increase of 489 percent and is the highest figure since 2021, according to CCTV News.

Chinese ice cream and beverage chain Mixue, known for its affordable ice cream and tea-based drinks, marked its arrival in the Brazilian market with the opening of its first store in Sao Paulo on Saturday (local time).

The move by the popular beverage brand came amid an investment tide by Chinese consumer brands in Brazil, demonstrating the strong complementarity enjoyed by the two economies on various sections of the supply chain, a Chinese analyst said.

Through shop openings and investment, Mixue and its partners are expected to bring as many as 25,000 jobs by 2030 to the local community, according to a company statement sent to the Global Times on Sunday, citing a Brazilian official.

The company said that the opening of its first shop in Brazil came after the signing of strategic partnership last year, and it is actively preparing for the opening of a second retail shop and an expanding network that will foster industrial chain integration between the two countries in agriculture and food processing.

Domestic news portal Jimu News reported on Sunday that the shop drew a crowd on Saturday, with Brazilians and Chinese people living in Brazil trying out the company's offerings, including its ice cream cone.

According to Reuters, the move by Mixue comes as "an array of Chinese businesses are now courting the country's more than 200 million consumers."

China-founded fast-fashion retailer Shein promised to invest $150 million in partnerships to make clothing in 2,000 local factories, creating 100,000 fashion manufacturing jobs in Brazil by 2026, Reuters reported in February.

Chinese automaker GWM opened its first South American plant in Sao Paulo state in 2025.

Chinese direct investment doubled to $4.2 billion in 2024 across 39 projects in Brazil, making it the world's third-largest recipient of Chinese investment, Reuters reported, citing data from the Brazil-China Business Council.

Last May, Mixue signed an agreement with Brazilian authorities to purchase at least 4 billion-yuan ($586 million) worth of materials including coffee beans and fruits from the country in the next three to five years and started to build localized supply chains.

Zhu Danpeng, a veteran food industry analyst, told the Global Times on Sunday that what stands out in these new cooperation deals is the focus on dual-way supply chain cooperation, which highlighted the long-term commitment by and strong complementarity of companies from the two sides.

"The key to supporting new-style tea drinks in moving from 'going global' to taking a foothold in the local market lies precisely in the global layout of supply chains. While products, channels, and marketing strategies can be replicated, and price wars may yield short-term results, building a supply chain is by no means an overnight achievement and needs input over the years," Zhu said.     

The deep roots of new Chinese consumer brands in Brazil as well as a rising number of markets in Latin America reflect the complementarity between the Chinese and Latin American economies across various links of industrial and supply chains, a Chinese analyst said.

Yue Yunxia, a deputy director of the Institute of Latin American Studies at the Chinese Academy of Social Sciences, told the Xinhua News Agency earlier this month that these new consumer brands share three common characteristics: targeting young consumers, focusing on cost-effective fast-moving consumer goods and adopting a chain franchising model suited for light entrepreneurship. These features align well with the characteristics of the Latin American market, Yue said.

In the meantime, more Brazilian goods are finding their way to the Chinese market.

Luckin Coffee, a leading Chinese coffee chain, officially opened its first Brazilian coffee-themed store in the Guangdong-Hong Kong-Macao Greater Bay Area in the city of Guangzhou, South China's Guangdong Province, Xinhua reported in September 2025.

Brazilian mining giant Vale said on Friday that it had signed a contract of affreightment for the world's first ethanol/methanol tri-fuel ocean-going vessels with Shandong Shipping Corp, a company in East China's Shandong Province. The first ship should start operating in Vale's service from 2029 and the use of ethanol in vessels can reduce greenhouse gas emissions in maritime transport by about 90 percent, the company said in an email statement sent to the Global Times.

"China-Brazil economic and trade cooperation has evolved from simple import and export of goods to commercial investment, and further to local supply chain deployment. In the future, it holds the feasibility of localized production. The matching and complementarity of supply chains and value chains are very strong," Yue said.

Trade between Brazil and China hit a record $171 billion in 2025, up 8.2 percent year-on-year, the South China Morning Post reported in January, citing data released by the China-Brazil Business Council.