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Insta360’s Antigravity debuts A1 drone with 360-degree view and motion control

3 mins read

Pulses

JD.com spinoff targets HKD 2.98 billion

just now
Bloomberg
Jingdong Industrials, JD.com’s supply chain technology unit, plans to raise HKD 2.98 billion in its Hong Kong IPO after pricing shares at HKD 14.1 each, the midpoint of its range. The company said proceeds will be used to enhance AI and supply chain capabilities and to fund expansion, investments, and acquisitions. Trading begins December 11.

Govy’s Guangzhou plant nears trial run

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Govy
Govy, GAC’s eVTOL aircraft unit, said its Guangzhou plant has begun installing and testing production equipment and is expected to begin trial production early next year. The facility will assemble the Govy AirCab (GAC-A6) multi-rotor flying car, which has reportedly received nearly 2,000 orders and aims for airworthiness certification and deliveries by the end of 2026.

Baidu’s Kunlunxin plans Hong Kong IPO

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Baidu
Kunlunxin, Baidu’s AI chip unit, plans to file for a Hong Kong IPO as early as the first quarter of 2026 after a fundraising round valued it at RMB 21 billion. The listing is expected to complete by 2027, with the company projecting annual revenue of RMB 3.5 billion and planning new chip launches for data centers.

Tesla’s Shanghai plant tops four million

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Tesla
Tesla said its Shanghai Gigafactory has produced its four millionth vehicle, less than 14 months after reaching the three million mark. The facility now accounts for nearly half of Tesla’s global deliveries, with localization of Model 3 and Model Y components exceeding 95%.

ByteDance disables Doubao’s WeChat control

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36Kr
ByteDance has disabled the Doubao phone assistant’s ability to operate WeChat on the Nubia M153 after users reported login failures and app crashes. The company said affected accounts are being restored and added that Doubao’s use of high-level Android permissions requires explicit user consent and is clearly disclosed.

Meta buys wearable maker Limitless

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TechCrunch
Meta has acquired Limitless, the AI startup formerly known as Rewind and developer of a pendant that records conversations. The company will stop selling hardware but continue supporting existing users for a year as its team joins Meta’s wearables division to advance AI-enabled devices. Limitless previously raised USD 33 million from investors including a16z and NEA.

Netflix agrees to buy Warner Bros

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Bloomberg
Netflix has agreed to acquire Warner Bros Discovery in a deal valued at USD 82.7 billion, including debt, giving it control of HBO and one of Hollywood’s largest content libraries. The acquisition marks Netflix’s biggest deal to date and signals a major strategic shift as it faces regulatory scrutiny in the US and Europe.

Meituan to adopt new delivery standard

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Meituan
Meituan said it will voluntarily adopt China’s new national standards for managing food delivery platforms, which it helped draft. The company said it will integrate the rules into its operations to promote fair competition, strengthen food safety, and improve service quality, supporting the industry’s sustainable development.

RoboSense LiDAR shipments hit 150,000

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RoboSense
RoboSense’s LiDAR shipments reportedly surpassed 150,000 units in November after winning 56 model designations from 13 automakers, including SAIC Audi, IM Motors, and major European and North American brands. Its technology also powers Didi’s next-generation robotaxi and delivery and service robots, highlighting its expanding role in smart mobility.

Farasis wins GAC Aion battery deal

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Farasis Energy
Farasis Energy will supply its SPS LFP battery systems for GAC Aion’s second-generation Aion V and Aion UT models headed for Europe, with total orders exceeding ten gigawatt-hours. The deal marks a milestone in the partners’ long-term collaboration and strengthens Farasis’s presence in the global EV battery market.

Changan expands EV lineup to Europe

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Reuters
Changan Automobile plans to launch EVs from its Avatr and Nevo brands in Europe within two years, expanding beyond its Deepal lineup. The automaker is also considering hybrid and light commercial models and may build a European factory to support sales and avoid EU tariffs on Chinese-made cars.

BYD expands EV network in South Africa

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Business Insider
BYD is accelerating its expansion in South Africa’s EV market, targeting 35 dealerships by early 2026 and up to 70 by year's end. The automaker also plans to add 300 fast charging stations nationwide by next year to boost adoption as EV demand grows and government incentives take shape.

Cristiano Ronaldo invests in Perplexity

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Perplexity
Cristiano Ronaldo, professional footballer and global sports icon, has joined Perplexity as an investor. The partnership aligns his lifelong pursuit of improvement with Perplexity’s mission to power curiosity and learning through AI. To mark the deal, Perplexity launched a digital hub featuring interactive experiences, curated questions, and stories from Ronaldo’s career.

Former Anker exec launches AI startup

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36Kr
Wang Shiyuan, former global CMO and China president of Anker Innovations, has founded a new startup to focus on developing AI-powered recording hardware. The company raised several million USD in seed funding led by HongShan’s seed fund, with Anker co-founder Gao Tao joining. Its first product is set to launch in the US and Europe in 2026.

TikTok to build Brazil data center

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Bloomberg
TikTok will invest more than BRL 200 billion over ten years to build a wind-powered data center in Ceara, Brazil, its first in Latin America. Developed with Omnia and Casa dos Ventos, the project will create about 4,000 jobs and support President Lula’s push to attract AI and data infrastructure investments.

China Eastern opens world’s longest commercial route

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The Paper
China Eastern has launched a route connecting Shanghai, Auckland, and Buenos Aires, creating the first commercial link between antipode cities and what is described as the world’s longest single itinerary at roughly 25 hours. The twice-weekly service shortens China-South America travel and, supported by Auckland transit visa waivers and fifth freedom rights, broadens passenger and cargo options across Asia, Oceania, and South America.

AI-driven toy demand grows in China

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Securities Times
The virality of Huawei’s “Smart Hanhan” plush, developed with Robopoet, has lifted demand for AI-driven toys. Sellers in Huaqiangbei said most products remain highly similar, relying on large models and low-cost hardware that limit differentiation. High return rates persist even as major brands enter the market, and analysts expect a shakeout as vendors lacking IP or full-stack capability face rising pressure.

ACE Robotics to unveil new tech

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SenseTime
ACE Robotics, an embodied intelligence venture backed by SenseTime, will formally debut on December 18 with its Kairos 3.0 system, described as China’s first open-source world model with commercial deployment. The company will also introduce its A1 module, which uses a vision-only model, and outline partnerships aimed at building an integrated “model-hardware-scenario” ecosystem.

China PC market shows modest growth

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Omdia
China’s PC market grew 2% YoY to 11.3 million units in Q3 2025, with desktops up 8% on commercial demand and notebooks flat at 8 million. Tablet shipments rose 9% to 8.8 million. PC shipments are expected to reach 41.5 million units in 2025 before a slight decline in 2026.

China car exports rise in October

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CAAM
China exported 828,000 vehicles in October, up 9.5% MoM and 41.6% YoY, with export value rising to USD 14.31 billion. From January to October, shipments reached 6.513 million units, up 23.2% YoY, and export value increased 13.4% to USD 111.44 billion.
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