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China hits the brakes on car performance with new safety rules

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Li Auto plans launch of AI glasses

just now
Jiemian News
Li Auto CEO Li Xiang said the company plans to launch its own AI glasses and is considering an AI-driven smart speaker as it expands its product ecosystem. He added that Li Auto will not build phones. The update comes as competition in the smart glasses segment intensifies, with major tech firms already moving into the category.

Terminus posts strong H1 growth

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36Kr
Chinese firm Terminus Group has reported H1 revenue of RMB 632 million, up 77% YoY, led by AI computing and digitalization revenue of RMB 577 million, which rose 191%. Gross margin improved to 22.7% and cost ratios declined, while cash and equivalents reached RMB 657 million. The company added new AIoT customers, expanded orders to RMB 2.6 billion, and extended deployment to 172 cities globally.

Nvidia defends lead over Google TPUs

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CNBC
Nvidia said its GPUs remain a generation ahead of rivals after a report that Meta may turn to Google’s TPUs (tensor processing units) weighed on its shares. The company emphasized broader model support and flexibility than ASIC-based TPUs. Google said demand is rising for both TPUs and Nvidia GPUs as its Gemini 3 model was trained on TPUs.

TikTok hires new policy chief

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Reuters
TikTok has appointed Ziad Ojakli, former Boeing government affairs chief, as head of public policy for the Americas as it works to separate its US assets from ByteDance. Ojakli begins December 1, succeeding Michael Beckerman. Lawmakers continue to question algorithm oversight under the planned US entity, which would be majority owned by US and global investors.

Nio posts record deliveries in Q3

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Nio
Nio reported Q3 revenue of RMB 21.79 billion, up 16.7% YoY, with deliveries rising 41% to a quarterly record of 87,071 units across the Nio, Onvo, and Firefly brands. Vehicle margin increased to 14.7%, pushing gross margin to 13.9%, and net loss narrowed 31% to RMB 3.48 billion.

RoboSense revenue holds steady in Q3

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RoboSense
RoboSense reported Q3 revenue of RMB 407.1 million, roughly unchanged from a year earlier, while total LiDAR shipments grew 34% to 185,600 units on surging robotics demand . Gross margin improved to 23.9% from 17.5% as material costs declined and in-house chips gained share. The company recorded a RMB 100 million net loss for the quarter.

Alibaba posts 15% like-for-like gain

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Alibaba
Alibaba reported Q3 revenue of RMB 247.8 billion, up 5% YoY, or 15% on a like-for-like basis excluding divestitures of the Sun Art and Intime businesses. Cloud revenue rose 34% on continued AI demand, while China commerce customer management revenue increased 10%. Adjusted EBITA fell 78%, and free cash flow shifted to a RMB 21.8 billion outflow as investments continued.

“Miniso Land” debuts in Australia

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Miniso
Miniso has opened its first and largest “Miniso Land” in Australia at Westfield Chatswood, unveiling an 800-square-meter flagship with immersive IP zones and more than 7,000 SKUs, with over 70% of them IP collaborations. The store introduces new Zootopia- and Sanrio-themed products and supports Miniso’s broader global expansion strategy.

China sets stricter power bank rules

just now
IT Zhijia
China is reportedly finalizing a stricter mandatory safety standard for power banks that adds requirements for full labeling, real-time health monitoring on circuit boards, and tougher battery abuse tests. Industry participants expect the rule to be published in December and implemented in June 2026, replacing existing certification, with most current capacity unlikely to meet the new thresholds.

EHang tests pilotless flights in Bangkok

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EHang
EHang conducted urban pilotless demonstration flights in Bangkok using the EH216-S, with the country’s aviation regulator chief on board. The trials, part of Thailand’s AAM Sandbox initiative, were designed to validate the aircraft’s safety and commercial readiness and will support efforts to build low-altitude routes for commuting and tourism.

TikTok Shop moves into luxury resale

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Bloomberg
TikTok Shop has begun adding secondhand handbags and watches from brands such as Hermes, Chanel, and Rolex as sellers adopt AI-driven tools to authenticate items and meet stricter platform standards. Resale boutiques report strong uptake through TikTok live streams, underscoring the platform’s expanding role in higher-end e-commerce.

Black Sesame launches robotics platform

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36Kr
Black Sesame Technologies has launched SesameX, a multi-layer computing platform for robotics built on its Kalos, Aura, and Liora modules, and said partners have begun commercial deployments in logistics vehicles and quadruped and wheeled robots. The company also announced new collaborations in hardware and power grid applications as it expands beyond automotive chips.

BYD comments on flying car plans

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36Kr
BYD responded to questions about flying car development by saying it remains focused on technology innovation and tracking consumer needs, and will introduce products at an appropriate time. The company did not disclose details or confirm progress on any flying car project.

Huawei debuts Kirin 9030 in Mate 80

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SCMP
Huawei confirmed that its Kirin 9030 powers the 12 GB version of the Mate 80 Pro and that the Kirin 9030 Pro is used in the 16 GB versions of the Pro, Pro Max, and RS models, while the base Mate 80 retains the Kirin 9020. Huawei cited performance gains over the Mate 70 series. The Mate 80 line starts at RMB 4,699.

Zhihu trims costs as revenue falls

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Zhihu
Zhihu reported Q3 revenue of RMB 658.9 million, down from RMB 845 million a year earlier, while net loss widened to RMB 46.7 million. The company said its non-GAAP operating loss narrowed 16.3% YoY as operating expenses fell 19.4% through tighter cost controls. Marketing, membership, and other revenues all declined during the quarter.

JD, GAC start UT Super deliveries

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Sina
GAC Aion, JD.com, and CATL commenced deliveries of the Aion UT Super at Auto Guangzhou, marking the model’s move into full rollout. GAC said it will handle all after-sales services and deliver vehicles within two to four weeks after final payment, and will provide purchase tax subsidies for orders delayed into 2026.

Singapore AI unit picks Qwen model

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SCMP
AI Singapore has selected Alibaba’s Qwen3-32B as the base model for its latest SEA-LION release, which was trained on more than 100 billion Southeast Asian language tokens and now leads the SEA-HELM benchmark for open-source models under 200 billion parameters.

Pony.ai posts revenue growth in Q3

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Pony.ai
Pony.ai reported Q3 revenue of USD 25.4 million, up 72% YoY on higher robotaxi and licensing and applications contributions. The company said its latest generation of robotaxis has reached citywide breakeven in Guangzhou and that its 961-vehicle fleet keeps it on track to exceed 1,000 units by year’s end.

Changan enters Brazil through Caoa

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Changan Automobile
Changan Automobile entered Brazil on November 20 at the Sao Paulo International Motor Show and signed a cooperation agreement with Caoa to advance its global expansion plan. The company also launched the Avatr brand and outlined a full-value chain approach that includes joint R&D, supported by more than 300 engineers and over one million kilometers of testing for Brazil-focused models.

JD.com weighs JD Health-linked bond plan

just now
Bloomberg
JD.com is evaluating a bond sale of at least USD 1 billion that would be exchangeable into JD Health shares, according to people familiar with the matter, though the company denied the report. JD.com holds more than 67% of JD Health, whose Hong Kong shares have more than doubled this year.
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