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Didi has launched its overseas charter service in 26 cities across 11 countries, including Singapore, Thailand, Japan, and South Korea. Designed for C…

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<a href="/company/didi">Didi</a> has launched its overseas charter service in 26 cities across 11 countries, including Singapore, Thailand, Japan, and South Korea. Designed for Chinese travelers, the service features Chinese-speaking drivers, ride packages, and RMB payments via Alipay and WeChat Pay.

Huadian New Energy, the renewable energy arm of China Huadian, has secured regulatory approval for an IPO in Shanghai, targeting RMB 18 billion in proceeds to fund wind and solar projects. Despite high debt and curtailment rates, the company is buoyed by revenue growth and national climate targets.

Insta360 launched its IPO today at RMB 47.27 per share, valuing the firm at RMB 17 billion, 20 times its price-to-earnings ratio. From 2022–2024, its revenue rose at a 65.25% CAGR to RMB 5.57 billion, while net profit more than doubled to RMB 995 million.

On May 30, a US appeals court reinstated President Donald Trump’s sweeping tariffs by pausing a <a href="https://kr-asia.com/pulses/154091">trade court ruling</a> that found he had exceeded his authority. The move preserves duties of up to 15% on most imports, including from Canada, Mexico and China, as legal and economic uncertainty continues to weigh on trade partners and markets.

<a href="/company/netease">NetEase</a> shares are nearing a four-year high, climbing about 45% this year in Hong Kong on strong demand for both legacy and new titles. Analysts cite youth-driven consumption, easing rivalry with <a href="/company/tencent">Tencent</a>, supportive regulation, and low valuations as key drivers of China’s <a href="/industry/gaming">gaming</a> stock rally.

<a href="/company/openai">OpenAI</a> COO Brad Lightcap said the company aims to build an “ambient computer layer” that moves <a href="/industry/ai">AI</a> beyond screens. Speaking on May 30, he said he’s unawre of details around Sam Altman and Jony Ive’s secretive hardware project, but confirmed OpenAI now serves three million enterprise clients, up 50% since February.

Hozon Auto, which manufactures <a href="/industry/ev">EVs</a> under the Neta brand, has seen its bid to swap RMB 3 billion in supplier debt for equity falter after converting only two-thirds of the target, sources said. The company still owes around RMB 6 billion and now faces investor calls to remove CEO Fang Yunzhu, whose shares were frozen by a May 13 court order.

China’s carbon emissions fell 1% in the year to March, according to Finnish think tank CREA, as surging solar and wind output offset coal use. With factories still running, the decline points to structural shifts in energy consumption, though weather risks, grid limits, and policy changes could challenge the durability of the trend.

China launched Intewell OS on May 29 as a foundational platform for <a href="/industry/ai">embodied AI</a> and <a href="/industry/robotics">robotics</a>. Backed by Kyland, Ti5 Robot and Hygon, it supports domestic and global chipsets while cutting costs and power use by integrating motion control and AI on a single chip. A unified interface improves portability, positioning it as an anchor of China’s robotics ecosystem.

<a href="/company/deepseek">DeepSeek</a> said its updated R1-0528 model cuts hallucinations and boosts performance in logic, math and coding. Released on May 29, the upgrade builds on the original R1, which <a href="https://kr-asia.com/deepseeks-r1-sparks-global-ai-upheaval-with-low-cost-brilliance">jolted the AI sector in January</a> with its capabilities and cost efficiency. DeepSeek claims the model now rivals <a href="/company/openai">OpenAI’s</a> o3 and Google’s Gemini 2.5 Pro.

Leaders from ASEAN, the GCC, and China met in Kuala Lumpur for a first-of-its-kind summit aimed at strengthening economic cooperation to hedge against US trade policies. While no major deals were signed, the trilateral talks signaled plans to deepen collaboration in trade, digital infrastructure and green tech, despite competing interests and pressure to maintain US ties.

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China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

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Filings frame the Osmo 360 as a blend of DJI’s gimbal roots with a form factor suited for motion-heavy creators.

DJI readies Osmo 360 launch, targeting GoPro in 360-degree camera market

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The new unit will oversee rights management, partnerships, and distribution for short drama productions across Douyin and Hongguo.

Douyin sets up unified copyright office for short drama content

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With tariffs rising and European demand falling, e-bike makers must rethink pricing, supply chains, and global strategy.

Didi launches overseas charter service

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DJI readies Osmo 360 launch, targeting GoPro in 360-degree camera market

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E-bike exports hit a wall. Can Chinese brands adapt before it’s too late?