The hardware executive succeeds founder Henry Zhou as Pico shifts focus toward mixed reality and spatial computing.

It may lack the gaming roots of Bilibili and HeyBox, but Xiaohongshu’s community dynamics can help smaller titles turn authenticity into attention.

Its strategy now spans indie publishing, platform-grown IP, and a broader slate of steadily advancing projects.

Meituan Youxuan’s shutdown ended a subsidy war and opened a new phase in China’s retail competition.

Domestic advances span AI smartphones, chips, and supercomputing systems.

Swollen inventories, weak sell-through, and strained distributors still weigh on the industry despite the price update.

China’s largest payment platforms are competing to move beyond the final step in a transaction and become the starting point for services.

Losses at EV makers like BAIC, Seres, and GAC contrast with a brighter picture upstream.