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Jinlux emerges as a dark horse in China’s high-end jewelry market

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Pulses

TSMC sees chip market topping USD 1.5 trillion

just now
Jiemian News
TSMC projects the global semiconductor market will exceed USD 1.5 trillion by 2030, up from an earlier forecast of USD 1 trillion, with AI and high-performance computing expected to account for 55% of the total. To meet demand, the company is accelerating capacity expansion, including plans for nine new wafer fabrication plants and advanced packaging facilities.

Adtech files for Hong Kong IPO

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36Kr
Shenzhen-based Adtech Technology has filed for an IPO on the Hong Kong Stock Exchange, according to a regulatory filing.

Bambu Lab reaches RMB 10 billion in revenue

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Jiemian News
Bambu Lab reached RMB 10 billion in revenue in 2025, capturing nearly 30% of the global market. The company is part of a group of Shenzhen-based firms that control 90% of the entry-level 3D printer segment, though it faces increasing competition and potential IP risks as it expands globally.

SMIC reports USD 2.5 billion in Q1 revenue

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TMTPost
SMIC reported Q1 2026 revenue of USD 2.5 billion, meeting guidance despite a slight decline in smartphone demand. It expects Q2 revenue to grow 14–16%, above market expectations of 7%, as demand for mature process nodes and pricing recover.

Hengrui signs USD 15.2 billion deal

just now
TMTPost
Hengrui Medicine has signed a global partnership with Bristol Myers Squibb covering 13 early-stage projects in oncology, hematology, and immunology. Announced on May 12, the deal has a potential total value of USD 15.2 billion, including USD 950 million in upfront and milestone payments.

SMIC raises prices amid strong demand

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36Kr
SMIC is raising prices for products in high demand, co-CEO Zhao Haijun said during the company’s Q1 earnings call. The company reported a Q1 gross margin of 20.1%, up 0.9 percentage points sequentially, driven by higher average selling prices and an improved product mix.

Alibaba’s Model Studio to surpass RMB 30 billion in annual revenue

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36Kr
Alibaba’s Model Studio is expected to exceed RMB 30 billion in annualized revenue by year's end, according to group CEO Eddie Wu, with AI-related income projected to account for more than 50% of total cloud revenue within the next year.

Honor to launch “Robot Phone” in Q3 2026

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IT Zhijia
Honor CEO Li Jian said the company will release its “Robot Phone” in the third quarter of 2026. The device, first unveiled at MWC 2026, features a 200-megapixel motorized gimbal camera and uses AI-driven object tracking and video stabilization technology developed with Arri.

AliExpress Brand+ share passes 30%

just now
Securities Times
Alibaba said AliExpress Brand+ penetration exceeded 30% of quarterly active buyers in its latest reported quarter, with faster brand onboarding and sales gains. Launched in 2025, the program targets overseas growth, with brand GMV up more than 40% and a plan to help 2,000 Chinese brands expand globally.

Xpeng explores European factory acquisition

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DoNews
Xpeng is in talks with Volkswagen and other automakers to acquire a manufacturing facility in Europe. Cheng Xiaoguang, its head for Northeast Europe, said the company is evaluating potential sites, adding that some existing Volkswagen facilities may not meet its future production requirements.

MiniMax launches Mavis agent mode

just now
iFanr
MiniMax has launched Mavis, a new mode for its desktop agent platform designed to handle complex, long-term tasks. The system uses a multi-agent architecture with distinct roles to improve task accuracy through internal checks. MiniMax also unified its token- and agent-based subscription plans, giving users more flexible access across its model ecosystem.

DJI launches Pocket 4P with telephoto lens

just now
iFanr
DJI has launched the Pocket 4P, adding a three-times telephoto lens to its handheld gimbal camera series. The device features an analog joystick for more precise gimbal control and integrated live photo support. The update is intended to improve portrait and detail photography while preserving the Pocket series’ compact form factor.

Former Qwen lead launches startup

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36Kr
Lin Junyang, the former technical lead of Alibaba's Qwen, has launched a startup focused on world models and embodied intelligence. The company is seeking funding at a valuation of about USD 2 billion and has begun recruiting from ByteDance, Tencent, and international firms.

Dreame to launch Aurora phone in Q4

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DoNews
Dreame will release its Aurora smartphone in the fourth quarter of 2026, with manufacturing handled by Nubia. The device will feature Qualcomm Snapdragon chips and run on Nubia’s MyOS operating system. Dreame plans a global launch and has set a domestic sales target of more than 100,000 units, offering models ranging from flagship versions to luxury custom editions.

Xiaomi: SU7, YU7 led sales segments

just now
DoNews
Xiaomi said the SU7 ranked first in April sales of passenger vehicles priced above RMB 200,000, while the YU7 led national SUV sales from January to April. The company said both models are available for immediate delivery.

France pushes EU action against Temu, Shein

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IT Zhijia
France’s consumer protection agency is urging stronger EU enforcement against Temu and Shein over high volumes of dangerous and noncompliant goods. Since April 2025, French authorities have removed more than 100,000 products from online marketplaces after finding that 46% of analyzed items failed safety standards, including fire-prone electronics and hazardous toys.

Miniso expects Q1 profit surge

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36Kr
Miniso expects operating profit for the quarter ended March 31 to reach RMB 1.51–1.53 billion, up 113–116% YoY. The company also expects quarterly revenue to rise 28–29% to about RMB 5.68–5.73 billion.

Trip.com pilots digital ID for bookings

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Trip.com Group
Trip.com Group is partnering with the International Air Transport Association to pilot a digital identity initiative that allows travelers to use mobile wallet credentials for bookings. The project aims to reduce friction and errors by enabling users to autofill details through Apple Wallet or Google Wallet. Initial rollouts may include users in the US and the UK, with support from several major airlines.

Dongfeng raises stake in Voyah

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IT Zhijia
Dongfeng Motor's Hong Kong unit has acquired 20.19 million H shares of Voyah Auto through the secondary market, raising the controlling shareholder’s total stake to 70.02%. Voyah Auto, which listed on the Hong Kong Stock Exchange on March 19, reported the transaction in a May 13 filing covering activity through May 12.

Anker to shrink charging lineup

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IT Zhijia
Anker Innovations plans to cut its charging product models by 50–70% over the next 18 months. The company said its previous portfolio was too large, noting that it offered 100 power bank models in 2024. Anker has already reduced its charging product count by about 70% over the past 18 months to address quality control concerns.
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