China is not only installing more robots, but building more of them. That thesis is driving Morgan Stanley’s view that China will keep growing as a global robotics leader, giving two Chinese companies an edge, investment analysts said in a Sept. 30 report shared with media in the last week. The analysis came on the heels of the International Federation of Robotics’ annual report released in late September that showed that in 2024, China not only installed a record high 295,000 industrial robots, but domestic suppliers outsold foreign ones for the first time. “As robotics in China is opening up new markets, there is no indication that robot demand in China will decrease,” the report said. “There is still a lot of potential in Chinese manufacturing for 10% growth on average each year until 2028.” Global robot installations are forecast to grow by 6% this year to 575,000 units, and climb to more than 700,000 by 2025. With the latest advances in generative artificial intelligence, robots could soon be used more widely in new scenarios such as working together with humans or in service roles, the Morgan Stanley analysts said. “We prefer Inovance and Geekplus ,” they said. While Shenzhen-listed Inovance is a widely followed supplier of industrial automation products, Geekplus has largely flown under the radar and only listed in Hong Kong this summer. Geekplus sells automated robot systems primarily for moving products around warehouses. More than 70% of the company’s revenue came from outside mainland China in 2024 , while Geekplus claims its customers include more than 65 Forbes Global 500 companies . Analysts at Daiwa Capital Markets revealed those clients include Unilever, Walmart and Adidas, according to an Oct. 3 report that initiated coverage of Geekplus with a buy rating. The four companies did not immediately respond to a request for comment. The Daiwa analysts expect Geekplus to reach profitability this year, and benefit from industry growth of more than 30% a year through 2029. The Chinese company is also “well-prepared for U.S. tariffs,” the report said. It noted that even though about a quarter of Geekplus’ revenue comes from the U.S., the company charges 30% less than competitors, which gives it room to raise prices, while it could shift assembly to Japan. Morgan Stanley’s favorability on Geekplus is based on a comparison to the humanoid and autonomous driving sectors, with a caveat that execution uncertainty remains in addition to a smaller potential warehouse market. But the analysts expect Geekplus could benefit from the opportunity to gain market share faster than the overall industry’s growth. As for Inovance, the Morgan Stanley analysts said that if the economy grows faster than expected, that would boost demand for automation products. The analysts are particularly watching for whether Inovance’s EV control systems will see better-than-expected sales this year, supporting the stock. HSBC analysts in mid-September upgraded Inovance to buy from hold “given its market leadership in factory automation.” “We expect China’s industrial automation market to resume growth in 2026-27, after two years of downturn,” HSBC said. As a result, they expect Inovance can grow its earnings by 22% a year through 2027. —CNBC’s Michael Bloom contributed to this report.
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India beat New Zealand 4-2 in second hockey match
The junior Indian hockey team continued its winning run in the Sultan of Johor Cup 2025 with a 4-2 victory over New Zealand at the Taman Daya Hockey Stadium in Johor Bahru, Malaysia, on Sunday.
Arshdeep Singh (2’), PB Sunil (15’), Araijeet…
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Hertford’s rare chalk river restored to its original course
HMWT
Work on the River Ash started in 2024 and was completed in August A “ambitious” project to restore a 4.3-mile (7km) stretch of a rare chalk river to its original course has been completed.
Herts and Middlesex Wildlife Trust said the “landmark”…
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Know where to watch live streaming and telecast in India
Tanvi Sharma and Unnati Hooda will spearhead India’s campaign at the BWF World Junior Championships 2025, scheduled to start on Monday at the National Centre of Excellence in Guwahati.
The BWF World Junior Championships 2025 will be available…
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Princess Eugenie shrugs off family crisis with sweet celebrations
Princess Eugenie is not…
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Boss of company linked to Post Office scandal gets 50% pay rise
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The head of the UK arm of Fujitsu, the technology group at the centre of the Post Office Horizon scandal, received a 50 per cent pay rise last year as its parent company injected fresh capital to offset falling orders and reputational damage.
Accounts for UK-based Fujitsu Services, a subsidiary of the Japanese IT services company, show its highest-paid director — understood to be UK head Anwen Owen — earned £591,000 in the year to March 2025, up from £388,000 a year earlier. Owen, a former senior civil servant who joined the UK company’s board in 2022, previously held roles at the Treasury and Cabinet Office.
According to the accounts, Fujitsu’s parent injected £80mn into the business to “strengthen the balance sheet” and support operations, following a £200mn capital infusion the previous year.
Revenues fell 9.2 per cent to almost £1.1bn, while profit recovered to £15mn from a loss the year before. However, the company’s order pipeline contracted by a fifth to £904mn, with management warning that the “loss of future new business due to reputational damage arising from the Horizon inquiry remains a key risk”.
More than 900 sub-postmasters were wrongly prosecuted between 1999 and 2015 due to faults in the Horizon computer system, which was developed by Fujitsu and falsely showed accounting shortfalls. More than 230 sub-postmasters were jailed, and at least 13 are believed to have taken their own lives.
In its latest filings, Fujitsu said it “continues to support the inquiry process until its conclusion” and is “engaging in discussions with the UK government regarding an appropriate and proportionate contribution” to compensation for victims.
The company said ahead of the inquiry’s final findings, “it is not possible to estimate the amount of a future financial contribution” and therefore no provision has been made in its balance sheet.
The pay rise and cash injection were first reported by the Times and the Sunday Telegraph.
Fujitsu has suspended bidding for UK government contracts until the conclusion of the public inquiry into the Horizon system.
The company told the Financial Times that it continued to work with the government “to ensure we adhere to the voluntary restrictions we put in place regarding bidding for new contracts” and was “engaged with government regarding Fujitsu’s contribution to compensation”.
It added that “improved operating margins and the successful delivery of strategic cost reduction measures” had helped boost pre-tax profits.
“We remain focused on supporting our UK customers, through the delivery of innovative IT services and solutions,” the company said.
The UK government last week pledged to improve the compensation schemes for victims of the Horizon scandal. Business secretary Peter Kyle said ministers would create an appeals process for sub-postmasters who accepted fixed-sum payments under earlier settlements, allowing them to pursue full, evidence-based redress.
The first report of the public inquiry, released in July, found that both Post Office and Fujitsu employees were aware of serious flaws in the Horizon system but “maintained the fiction” that it was reliable. The government has accepted all but one of the inquiry’s 19 recommendations, including proposals for an independent body to oversee redress in future cases.
Fujitsu’s accounts also disclose a £4mn damages claim filed by a former sub-postmaster in July. Fujitsu does not identify the claimant, but media reports have linked the case to Lee Castleton, whose story featured in ITV’s Mr Bates vs the Post Office. The company said it was “not yet possible to predict the outcome” of the case.
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ARY Digital launches new daily fiction ‘Chaalbaaz’
ARY Digital has premiered its latest drama series, ‘Chaalbaaz’, which began airing on Saturday, 11th October 2025, and is broadcast daily at 19:00.
Written by Rakshanda Rizvi and directed by Rao Ayaz, ‘Chaalbaaz’…
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Hundreds attend pro-Palestine protest as Norway move closer to World Cup with Israel thrashing – Dawn
- Hundreds attend pro-Palestine protest as Norway move closer to World Cup with Israel thrashing Dawn
- Pro-Palestinian protesters march to stadium before Norway’s 5-0 World Cup qualifying win over Israel CNN
- World Cup 2026 qualifiers: Erling…
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Jeeno Thitikul wins LPGA Shanghai in dramatic 5-hole playoff
SHANGHAI — Jeeno Thitikul came from four shots down with five holes to play to force a playoff with Minami Katsu before producing another extraordinary shot on the fifth playoff hole to claim the LPGA Shanghai and become the first two-time LPGA…
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