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Guangzhou Sunhongs resumes IPO pursuit in Beijing

6h
Gelonghui

Guangzhou Sunhongs, a data center service provider backed by Xiaomi founder Lei Jun, is pursuing a listing on the Beijing Stock Exchange after pulling its Shenzhen IPO bid in 2023. The firm is shifting to self-built infrastructure to raise margins, despite modest growth and a market share of just 0.6%.

Pony.ai, Uber partner to deploy robotaxis in Middle East

6h
Uber

Uber users in a key Middle East market will be able to book and ride robotaxis later this year through a new partnership with Pony.ai. Safety drivers will be onboard during initial trials. The deal combines Uber’s global reach with Pony.ai’s autonomous tech, with plans to expand robotaxi services to more international markets.

Alibaba’s Qwen gains ground in Japan’s AI model race

10h
Nikkei Asia

Japanese startups are increasingly building on Alibaba Cloud’s Qwen open-source models, with Abeja’s QwQ-32B and other Qwen-based systems ranking among the top performers in Japanese AI benchmarks. Alibaba Cloud plans to localize Qwen deployment, citing data sovereignty concerns, and aims to expand to over 1,000 Japanese corporate users within three years.

Low-altitude tours surge in China over Labor Day

10h
Yicai Global

Low-altitude sightseeing flights under 1,000 meters proved popular across China during the Labor Day break, with cities offering tours via helicopters and unmanned aircraft from eVTOL providers like EHang. Despite strong demand, the industry faces regulatory bottlenecks, with over 800 UAVs awaiting certification amid limited staffing and safety oversight.

John Lee to visit Qatar and Kuwait for trade talks

11h
RTHK

Hong Kong leader John Lee will lead a delegation to Qatar and Kuwait on May 10 to explore business ties, marking his second trip to the Middle East since 2023. The visit aims to promote Hong Kong’s role as a “superconnector” and strengthen cooperation with Gulf economies, alongside plans to open a new trade office in Saudi Arabia.

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