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ByteDance spins out drug discovery unit to test AI4S commercialization

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Chen Yusen named DingTalk CEO

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36Kr
Alibaba announced a DingTalk leadership change on June 11, appointing Chen Yusen as CEO. Chen, a technology executive born in 1992, succeeds Chen Hang and becomes the youngest CEO of an Alibaba business unit.

TEMB reports Q1 revenue drop

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TMTPost
TEMB Intelligent Technology reported YoY declines in Q1 2026 revenue and profit ahead of its upcoming IPO review. The automotive parts manufacturer plans to raise RMB 2.06 billion, despite distributing nearly RMB 600 million in dividends during the reporting period, including payments to its controlling shareholders.

DJI alum says firm could be ten times larger

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TMTPost
DJI could have reached ten times its current scale if founder Wang Tao had invested earlier in departing employees, according to developer Lin Yuan. Lin, who helped build DJI from a struggling startup into a global leader, attributed the company’s success to its uncompromising, R&D-driven methodology.

JD.com to open first Hong Kong JD Mall

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JD.com
JD.com announced that its first JD Mall in Hong Kong will open in Wan Chai on June 18, marking its entry into the city’s physical retail market. The company plans to open another six to eight JD Mall locations in Hong Kong over the next three years.

Insta360 faces 227 million share unlock

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TMTPost
Insta360 faces a valuation test as 227 million restricted shares, representing 56.5% of its total equity, became eligible for trading on June 11. The unlock follows the company’s one-year IPO anniversary. With early investors sitting on sizable paper gains, the market is watching for selling pressure as competition and production costs rise.

CATL targets 50% energy storage sales

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Reuters
CATL expects energy storage to account for half of its global sales by 2030, up from about 25% now, as demand for grid-scale batteries grows. The company said EV batteries still make up about three-quarters of sales, while storage demand is being driven by the need to support intermittent renewable power.

Pop Mart defends overseas growth

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Bloomberg
Pop Mart is pushing back against concerns that its international growth relies too heavily on Labubu. COO Si De said non-Labubu products accounted for about 50% of US revenue in 2025 and made up the majority of sales in Japan, South Korea, and Southeast Asia. The company aims to have more than 100 US stores in 2026.

BYD sets Hungary production for Q4 2026

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Reuters
BYD will begin vehicle production at its new plant in Szeged, Hungary, in Q4 2026. Executive vice president Stella Li confirmed that equipment installation is underway. The facility is BYD’s first passenger car factory in Europe, while the company has put its planned USD 1 billion factory in Turkey on hold.

Seer Robotics clears HKEX hearing

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Huxiu
Seer Robotics cleared its Hong Kong IPO hearing on June 7. Despite leading the global robot controller market by 2025 sales volume, the company posted a cumulative loss of RMB 137 million from 2023–2025. Its filings also point to risks from a low-price strategy, shrinking controller margins, and cash flow pressure.

Li Auto produces 140,000th i6 SUV

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IT Zhijia
Li Auto said it has produced 140,000 units of its i6 SUV less than nine months after the model’s first delivery. The company said the vehicle has logged monthly deliveries of more than 20,000 units for three consecutive months, ranking it among the top three pure electric SUVs by sales.

Li Weimeng steps down as IM Motors CMO

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DoNews
Li Weimeng has reportedly stepped down as CMO of IM Motors. Li, who became the company’s first CMO in June 2024, may transition to an AI-focused role. The company has appointed a successor from within the SAIC Motor system.

He Xiaopeng to lead robot unit

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DoNews
Xpeng chairman and CEO He Xiaopeng said in an internal letter on June 10 that he will directly manage the company’s robotics business. He said the division is entering a critical phase before mass production and commercialization, comparing it to the period before Xpeng launched its first vehicle, the G3.

Rokid lands Toyota-linked investment

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Nikkei Asia
Rokid has received an undisclosed investment from Toyota Tsusho, an affiliate of Toyota, to expand its AI glasses business and explore manufacturing use cases, CEO Zhu Mingming said. The company is in talks with SoftBank and KDDI for Japan distribution and targets JPY 6 billion in local sales this year after a JPY 636 million crowdfunding round.

Lenovo to raise prices in July

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IT Zhijia
Lenovo will raise prices across its product lineup starting in July, after its 618 promotional event ends. The company plans to issue formal price adjustment notices to distributors by the end of June, citing broader industry trends that have also led competitors including Dell to raise server and PC prices.

Xiaohongshu launches “skills” feature

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IT Zhijia
Xiaohongshu launched its “skills” feature on June 10, allowing creators to embed AI-powered components directly into posts. Users can access the tools without leaving the platform. To qualify for upload and mounting permissions, creators must have at least 1,000 followers, a six-month account history, and verified status.

UBTech robot gets 3,000 preorders

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IT Zhijia
UBTech Robotics reported more than 3,000 preorders for its full-size humanoid robot within eight days of the product’s debut on JD.com. The robot, designed for emotional companionship, is limited to adult buyers and is scheduled for release on June 30. Customers can secure a spot in the first batch with a RMB 3,000 deposit.

Tencent plans USD 4.5 billion bond sale

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Lianhe Zaobao
Tencent has launched a bond offering of up to USD 4.5 billion, denominated in US dollars and offshore RMB. The issuance, its first USD bond sale since 2021, has attracted more than USD 17 billion in orders. Proceeds will support refinancing and general corporate purposes, including AI product and service development.

Midea continues executive reshuffle

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TMTPost
Midea Group is continuing its executive turnover as part of a management strategy aimed at maintaining competitiveness in a saturated market. Recent changes include last month’s departure of vice president and CTO Wei Chang and a 2026 board reshuffle, reflecting the company’s practice of prioritizing performance over tenure.

BrainCo completes IPO counseling

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DoNews
BrainCo completed its IPO counseling process on June 9, according to the China Securities Regulatory Commission. The brain-computer interface (BCI) company submitted its filing in February and worked with CITIC Securities to finalize the report. BrainCo holds the largest share of China’s high-end BCI market.

DingTalk VP Ma Ruila resigns

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DoNews
Ma Ruila, DingTalk vice president and head of AI products, confirmed that he left the company on May 15. Ma, who joined DingTalk after its 2023 acquisition of his startup Wolai, announced his resignation in a personal post and said he has returned to Shanghai to pursue a new venture.
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