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Sea fails to impress investors despite strong Q4 results

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XtalPi forecasts first annual profit

just now
SCMP
XtalPi said it expects to record its first full-year profit in 2025, forecasting net income of at least RMB 100 million after a RMB 1.5 billion loss in 2024. The company projected revenue of at least RMB 780 million, up nearly 193% YoY, with gains on financial assets exceeding RMB 500 million.

Xiaomi tests humanoid robots in EV plant

just now
SCMP
Xiaomi has tested self-developed humanoid robots in its EV plant, where they operated autonomously for three hours and completed assembly tasks with a reported 90.2% success rate within a 76-second production cycle. Founder Lei Jun said the company plans to deploy a large number of humanoid robots across its factories over the next five years.

Xiaomi to produce Leica phone globally

just now
Nikkei Asia
Xiaomi will manufacture a Leica-branded smartphone for global markets, replacing Leica’s prior Japan-only production with Sharp. Priced from EUR 1,999, the model features dual 50-megapixel cameras, a 200-megapixel telephoto lens, and physical ring controls, with global orders set to open in March.

Xiaomi tops 2025 wearables market

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Omdia
Global wearable shipments surpassed 200 million units in 2025, up 6% YoY, with Xiaomi ranking first with an 18% market share, followed by Apple at 17% and Huawei at 16%, as the market consolidated and vendors increasingly focused on AI capabilities and subscription-based services.

Alibaba’s Damo expands AI to Pakistan

just now
Sina
Alibaba's Damo Academy has signed agreements with Pakistan’s Capital Hospital, Khawaja Safdar Medical College, and Sky47 to deploy its multi-cancer screening AI in local imaging departments. The system detects major cancers and chronic diseases, and has reportedly provided over 20 million screenings across ten countries and regions.

MiniMax launches MaxClaw on app

just now
MiniMax
MiniMax has launched MaxClaw globally on its iOS and Android app, enabling users to run OpenClaw with real-time cross-device sync. The company added Coding Plan billing as an alternative payment option and completed four emergency capacity expansions after traffic spikes caused service instability, with affected users set to receive credit compensation.

Xiaomi sees prolonged memory surge

just now
IT Zhijia
Xiaomi president Lu Weibing said memory chip prices have climbed to nearly four times last year’s levels and may keep rising until the end of 2027, marking an unusually long upcycle. He added that Xiaomi currently faces no supply shortages.

Meizu denies StarV team exit

just now
IT Zhijia
Meizu denied reports that its entire StarV AR system team had joined RayNeo, calling the claim false in a response to Chinese media. A person familiar with the matter said only some employees from Meizu’s Chengdu branch moved to RayNeo, disputing earlier claims of a full-team transfer.

Pony.ai robotaxis turn profit in Shenzhen

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Pony.ai
Pony.ai said its seventh-generation robotaxis achieved monthly per-vehicle operating profitability in Shenzhen in February, following a similar milestone in Guangzhou. In Shenzhen, average daily net revenue reached RMB 338 per car with 23 orders, as hardware costs fell about 70% from the prior generation and service coverage expanded.

Honor, ARRI partner on image tech

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Honor
Honor said it is working with ARRI to incorporate elements of the camera maker’s image science into its mobile devices, extending professional cinematic standards to smartphones. The initial output of the collaboration will launch in Honor's "robot phone," with a focus on color accuracy, highlight control, and workflow compatibility.

JD.com targets 30% delivery share

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JD.com
JD.com said its food delivery business has exceeded 15% market share and reached more than 240 million users in its first year, as it targets 30% share by 2026. The company reported the rejection of one million noncompliant merchants, capped commissions at 5%, signed 150,000 full-time riders with benefits, and plans nationwide expansion of its 7Fresh model.

Xiaomi wins autonomous driving patent

just now
Sina
Xiaomi has won approval for a patent that automates the generation of autonomous driving algorithm evaluation reports using LLMs. The method creates tailored prompts based on testing data and algorithm type, then inputs them into a preset LLM to produce structured reports, reducing manual effort while improving speed and consistency.

Wuliangye chair faces probe

just now
36Kr
Wuliangye said its chairman, Zeng Congqin, has been placed under investigation and subject to retention measures by Yibin authorities, according to a February 28 announcement. The spirits producer said other directors and senior executives remain in their roles, daily management is overseen by the executive team, and production and operations are proceeding normally.

Lynk & Co updates Z20 after crash

just now
21st Century Business Herald
Lynk & Co has rolled out an over-the-air update for the Z20 EV after a driver reportedly turned off the headlights via voice command while driving at night on a highway and crashed. The company said it has optimized the system and now restricts headlight shutdown to manual control when the vehicle is in motion.

Xpeng to build humanoid robot base

just now
Guancha
Xpeng’s planned base for humanoid robot mass production has been filed as a key project in Guangzhou’s Tianhe district, where construction is set to begin. The facility will be located within a local industrial park. The company aims to start mass production of its Iron robot by the end of this year.

Nio, Bosch sign tech pact

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Nio
Nio signed a cooperation agreement with Bosch in Beijing on February 25, covering its Nio, Onvo, and Firefly brands. The partnership focuses on smart EV core systems, including chassis-by-wire, battery management, braking, steering, drive systems, body electronics, and perception modules.

Dongchedi eyes Hong Kong IPO

just now
Bloomberg
Dongchedi is weighing a Hong Kong IPO as soon as this year that could raise USD 1.0–1.5 billion, according to people familiar with the matter. The automotive platform was spun off from ByteDance in 2023 and raised about USD 600 million in 2024 at a valuation of nearly USD 3 billion.

DHL backs JD cross-border plan

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DHL
DHL and JD.com have agreed to jointly develop cross-border logistics and e-commerce solutions linking Europe and China. DHL will introduce German brands to JD, allowing direct sales to China’s consumers without a local entity, backed by integrated end-to-end fulfillment and B2C import tax incentives, while JD expands reach in Europe via Joybuy.

ByteDance rejects Doubao flaw claims

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ByteDance
ByteDance said it has received no formal vulnerability report or regulatory notice regarding alleged flaws in its Doubao mobile app, after online posts circulated a demo attack video. It said the exploit requires users to instruct the AI to access malicious emails or texts, and that it has upgraded security measures while reserving legal rights.

CATL, BMW expand decarbonization pact

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CATL
CATL and BMW have signed an MoU to advance battery passport pilots, cross-border data transfer, and carbon footprint accounting across the power battery supply chain. The collaboration will use the Catena-X data ecosystem to align technical standards and support decarbonization, expanding a partnership that began in 2012.
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    After this year’s gala spectacle, where is Unitree Robotics headed?

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