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JD.com beats quarterly expectations, but food delivery keeps margins under pressure

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Xpeng explores European factory acquisition

just now
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

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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

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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

just now
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

just now
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

just now
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

just now
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

just now
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

just now
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

just now
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.

Baidu launches DuMate mobile app

just now
36Kr
Baidu launched a mobile app for its AI assistant, DuMate, on May 13 at Baidu Create 2026, its annual developer conference. The app integrates key AI capabilities, including search, Miaoda, Famou, and Baidu Baike, and is designed to improve long-term task execution and autonomous decision-making.

Deepal hits sales milestone in April

just now
DoNews
Deepal reported April global sales of 33,187 vehicles, up 64.8% YoY, marking its second consecutive month above 30,000 units. The brand said it has surpassed 800,000 cumulative global deliveries. Growth was driven by the S05, L06, and S07 models across domestic and international markets.

TikTok Go launches in US, Japan

just now
36Kr
TikTok has launched its lifestyle services brand, TikTok Go, in the US and Japan, following an initial rollout in Indonesia. The company said the Indonesia service recorded a 20-fold increase in food orders last year.

EufyMake E1 raises USD 46.7 million

just now
36Kr
Anker Innovations’ EufyMake E1 UV printer has raised USD 46.7 million through crowdfunding, reportedly the highest total in Kickstarter history. After overseas deliveries, the product is now available in China. The project team addressed manufacturing challenges including mold redesigns and proprietary consumer-grade UV ink systems.

Tencent wins approval to acquire Himalaya

just now
DoNews
Tencent has received regulatory approval to acquire Himalaya, subject to conditions aimed at limiting monopoly risks. Regulators require Tencent to maintain current service pricing, preserve the share of free content, avoid exclusive copyright agreements, and refrain from bundling services with automakers or restricting creators from using other platforms.

TSMC Q1 net profit rises 58.3%

just now
DoNews
TSMC reported Q1 2026 net profit of TWD 572.48 billion, up 58.3% YoY. Quarterly revenue reached TWD 1.13 trillion, up 35.1%. The company also approved a cash dividend of TWD 7 per share and a capital budget of USD 31.28 billion to expand advanced manufacturing capacity.

Huya Q1 revenue rises 14.6%

just now
DoNews
Huya reported Q1 2026 revenue of RMB 1.73 billion, up 14.6% YoY and marking its fifth consecutive quarter of growth. The company posted non-GAAP net profit of RMB 21.1 million. Revenue from game-related services, advertising, and other segments rose 69.4% to RMB 630 million, accounting for 36.3% of total revenue.

Unitree launches RMB 3.9 million mech

just now
Wallstreet CN
Unitree Robotics has launched the GD01 rideable mech, priced from RMB 3.9 million and positioned for mass production. The 500-kilogram system can switch between biped and quadruped modes for urban and complex terrain. The debut comes as the company purses a Star Market IPO and scales humanoid robot revenue.

Douyin sets RMB 15 billion support plan

just now
Beijing News
Douyin has announced its 2026 support plan for live-action short dramas, setting a budget above RMB 15 billion and lifting per-title guarantees about 60% YoY. It raised revenue splits to 80% for paid content, added up to RMB 1.5 million incentives, 20% sequel bonuses, and a RMB 2 billion genre fund, with investment in about 1,000 projects.
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