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Huawei’s MatePad Pro Max leads Bangkok launch as tablets, wearables take focus

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Aito launches M6 SUV at RMB 259,800

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36Kr
Aito has launched the M6, a five-seat SUV starting at RMB 259,800, targeting buyers aged 25–35. The model includes Huawei ADS 4.1 driving assistance and air suspension as standard. It logged over 100,000 preorders within 20 days of its March 23 presale and delivered 6,500 units in its first week.

Xpeng VLA driving share tops 50%

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36Kr
Xpeng said its second-generation VLA system reached a 50% share of driving assistance mileage one month after launch. Disengagements per 100 kilometers fell 25.87%, while trips using the system exclusively rose 27.84%. During the Golden Week holiday, users reportedly logged 84.46 million kilometers of AI-assisted driving.

Hillhouse nears Marsh unit acquisition

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36Kr
Hillhouse Investment is nearing a deal to acquire Marsh’s Asia high-net-worth financial risk management and life insurance brokerage unit. The firm reportedly outbid other private equity bidders, with an announcement possible as early as this week.

Hikvision 2025 profit rises 18.5%

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Hikvision
Hikvision reported 2025 revenue of RMB 92.51 billion, up 0.01% YoY, and net profit of RMB 14.2 billion, up 18.52%. In Q1 2026, revenue rose 11.78% to RMB 20.72 billion and net profit climbed 36.42% to RMB 2.78 billion. The company also declared a RMB 10.54 billion dividend for 2025.

Onvo L80 SUV to launch May 15

just now
IT Zhijia
Nio’s Onvo brand will launch the L80 SUV on May 15, with preorders starting at RMB 245,800. The five-seat model offers two driving assistance options: a LiDAR-based system using the Shenji NX9031 chip and a vision-only version powered by Nvidia Orin X.

Horizon Robotics revenue jumps 57.7%

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TMTPost
Horizon Robotics reported 2025 revenue of RMB 3.76 billion, up 57.7% YoY, while adjusted net losses widened to RMB 2.81 billion. R&D spending rose 63.3% to RMB 5.15 billion as the company shifts toward integrated cockpit and driving solutions.

ByteDance’s Duoshan tops 30 million MAUs

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TMTPost
ByteDance’s Duoshan app has surpassed 30 million MAUs, up 1727.9% YoY, driven by AI-powered features that increase interaction among existing users. QuestMobile data shows 93.5% overlap with Douyin, indicating growth primarily from internal traffic rather than new user acquisition.

Kunlunxin starts Star Market IPO process

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DoNews
Kunlunxin began pre-listing counseling for a Star Market IPO on May 7, appointing CICC as its advisor. The AI chip developer is majority owned by Baidu.

Zeekr to launch updated 009 MPV May 19

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DoNews
Zeekr will launch the updated 009 MPV on May 19, with test drives starting May 9. The model features a 900V architecture and Nvidia Thor-U chip, with three variants available. Preorder incentives include benefits of up to RMB 80,000.

Honor launches 600 and 600 Pro in Turkey

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IT Zhijia
Honor launched the 600 and 600 Pro smartphones in Turkey on May 6. Both feature 6.57-inch AMOLED displays, 6400 mAh batteries, and 200 MP cameras. The Pro runs on Snapdragon 8 Elite, while the standard version uses Snapdragon 7 Gen 4.

Xiaomi names overseas car business lead

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36Kr
Xiaomi has appointed vice president Yu Liguo to lead its overseas automotive business preparation group, reporting to Lei Jun and Lu Weibing. Vice president Song Gang will now oversee production, manufacturing, and systems operations, reporting to Lei Jun.

Hongguo cuts AI drama revenue share

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TMTPost
ByteDance’s Hongguo platform has cut revenue sharing coefficients for AI-generated short dramas, reducing creator earnings by about one-third. The move reflects a shift toward tighter quality control and away from volume-driven subsidies.

Stelato opens Z7, Z7T test drives

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IT Zhijia
Stelato has launched test drives for its Z7 and Z7T across more than 600 locations in 128 cities. The models, priced from RMB 219,800 and RMB 229,800, feature Huawei ADS 4.1, an 800V platform, and a HarmonyOS cockpit.

SAIC Audi streams E7X autonomy test

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iFanr
SAIC Audi promoted its E7X EV with a 63-kilometer live streamed autonomous driving test, offering cash rewards if driver intervention was needed. The model includes a 500 kW dual-motor system and 800V charging architecture.

Shengshu launches Vidu Claw tool

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iFanr
Shengshu Technology has launched Vidu Claw, an AI-driven video generation tool accessible via messaging apps such as WeChat. The subscription-based service automates scripting, visual generation, and editing from user prompts to reduce production time and cost.

CK Hutchison weighs telecom asset sales

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Lianhe Zaobao
CK Hutchison is considering further telecom asset sales as it exits the capital-intensive sector. It recently sold a 49% stake in UK operator VodafoneThree for GBP 4.3 billion.

Huawei builds 70% of Africa 4G networks

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Semafor
Huawei has built about 70% of Africa’s 4G networks, reflecting China’s role in the region’s digital infrastructure. Its financing model, backed by state-linked credit, continues to outcompete Western firms facing higher risk and return constraints.

Dreame targets RMB 10 billion fundraising

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DoNews
Dreame has set up more than ten internal funds targeting over RMB 10 billion in fundraising, with RMB 3–4 billion secured so far. The company plans to end internal financing by June, with underperforming units at risk of closure.

CATL wins Togg chassis supply deal

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CATL
CATL will supply its skateboard chassis to Turkey’s Togg for three models under a new B-segment platform, with the first vehicle set for 2027 production. The deal marks CATL’s first overseas passenger vehicle deployment of its integrated chassis system.

Unitree opens UniStore platform

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IT Zhijia
Unitree Robotics has launched UniStore, a platform it calls the first app store for humanoid robot actions, allowing users to upload, share, and download motion models for deployment. The system includes a user hub and action library to simplify executing complex tasks.
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