Every story below is drawn from Chinese-language sources, summarised in original wording, and annotated with the framing an outside reader would otherwise miss. Links go to the originals.
Chinese dairy giant Feihe is promoting its technological self-sufficiency and expansion into all-age nutrition. The company reports 2025 revenue of 18.11 billion yuan and claims to have achieved 100% self-production of 161 key raw materials, including lactoferrin, breaking a historic reliance on imports. Chairman Leng Youbin frames these moves as answering the state's call for technological self-reliance under the 15th Five-Year Plan.
The view from inside
The piece is a corporate profile framed entirely around national strategic goals.
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Unitree Technology, billed as China's first publicly listed humanoid robot company, began its IPO subscription on the Shanghai STAR Market on August 10. The article, originally from the National Business Daily, details how multiple Chinese cities—including Beijing, Shenzhen, Shanghai, and Tianjin—have secured equity stakes or established joint research labs and subsidiaries with the firm. The piece frames this as a strategic race among local governments to secure a position in the future industrial chain as the sector enters a critical window for mass production and real-world deployment.
The view from inside
The article frames the competition among cities to attract Unitree as a rational, forward-looking industrial policy race.
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Chinese collectible card game (TCG) company Kayou (卡游) reported 2024 revenue of RMB 10.06 billion and net profit of RMB 4.47 billion, with gross margins exceeding 70%, according to a 36Kr analysis. The piece examines how blind-box mechanics, IP licensing, and speculative secondary markets have transformed low-cost printed cards into a RMB 26.3 billion industry. It also flags risks including over-reliance on external IPs like Ultraman and a user base concentrated in teenagers.
The view from inside
The 36Kr piece frames Kayou's success as a precision play on deep human desires—scarcity, belonging, and speculative gain—and…
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