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Chinese outdoor brand Pelliot is preparing a Hong Kong IPO after scrapping plans for a Shenzhen listing. Backed by Tencent and others, the company saw…

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Chinese outdoor brand Pelliot is preparing a Hong Kong IPO after scrapping plans for a Shenzhen listing. Backed by Tencent and others, the company saw revenue jump from RMB 380 million to RMB 1.76 billion between 2022–2024, driven by its technical jackets. The brand now aims to expand offline and move upmarket to sustain growth.

<a href="/company/geely">Geely</a> has announced plans to acquire the remaining 34.3% of Zeekr it doesn’t already own, offering a 13.6% premium in a deal worth about USD 2.2 billion. The move would delist Zeekr less than a year after its US IPO, amid trade tensions and policy shifts encouraging Chinese firms to return to domestic or Hong Kong markets.

<a href="/company/grab">Grab</a> has appointed advisors to explore a potential USD 7 billion takeover of Indonesian rival <a href="/company/goto">GoTo</a>, sources said, suggesting talks may be advancing. The deal would involve most of GoTo’s operations, excluding its finance unit, and could face regulatory scrutiny in Indonesia and Singapore, where a merger would significantly reshape market share.

<a href="/company/baidu">Baidu</a> has filed a patent for AI technology that interprets animal emotions by analyzing “voice, body language, behavioral changes, and other biological signs,” then translating them into human language. The system uses deep learning and NLP, but Baidu hasn’t disclosed its intended use. Approval could take up to five years. It remains unclear if the tech will be commercialized.

Shares of Auntea Jenny rose 62.5% to HKD 183.8 in gray market trading ahead of its Hong Kong listing on May 8, lifting its market cap to HKD 18.8 billion. It is China’s fourth largest made-to-order tea chain and follows Naixue, ChaPanda, GoodMe, and Mixue Bingcheng as the latest entrant to the public market.

Uber will inject an additional USD 100 million in WeRide, its largest such investment to date, as the two expand robotaxi deployment to 15 cities across Europe and the Middle East. The move builds on a 2023 investment and reflects growing reliance on Chinese tech partners in global ride-hailing strategies.

Chinese EV makers have reported limited impact from recent US tariff hikes, pointing to earlier moves to localize sourcing and diversify supply chains. As automakers like <a href="/company/tesla">Tesla</a> face rising costs and production challenges, China’s EV sector has remained relatively stable amid ongoing trade tensions.

<a href="/company/alibaba">Alibaba’s</a> Taobao and Tmall Group has deepened its partnership with social platform <a href="/company/xiaohongshu">Xiaohongshu</a>, enabling merchants to embed direct product links in content posts. Initially piloted in select categories, the feature aims to boost conversion by streamlining the path from content discovery to checkout.

<em>Honor of Kings</em>, a popular MOBA published by <a href="/company/tencent">Tencent</a>, led global mobile game revenue in April 2025, boosted by Sanrio-themed content. China’s iOS market ranked second globally, accounting for 18.8% of total spending. Chinese publishers also gained early traction with new titles like NetEase’s <em>Once Human</em>, which placed in the top five for download growth.

<a href="/company/tesla">Tesla</a> said Chinese buyers now enjoy the world’s lowest Model 3 and Y prices, enabled by 95% local sourcing at its Shanghai gigafactory. In a Weibo post, VP Grace Tao credited the company’s collaboration with over 400 Chinese suppliers, more than 60 of which have joined Tesla’s global procurement network.

Shares of China's iMotion rose over 11% intraday in Hong Kong after it signed a framework agreement with Malaysia’s Delloyd Group to expand ADAS offerings in Southeast Asia. The company said it delivered 227,000 smart driving systems in 2024, a 75% YoY increase, and reported growing demand from both legacy and emerging automakers.

With contingency plans and supplier alternatives lined up, Chinese automakers appear ready for the turbulence.

Trump’s new tariffs rattle supply chains, but China’s EV firms aren’t blinking

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Once mistaken for a foreign brand, Pelliot is now bound for an IPO as one of China’s top outdoor apparel labels.

Budget brand no more? Pelliot readies Hong Kong IPO after profit surge

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