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Tencent has upgraded Yuanbao on WeChat to analyze video links, summarizing both content and captions using its Hunyuan model. Users can send links dir…

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<a href="/company/tencent">Tencent</a> has upgraded Yuanbao on WeChat to analyze video links, summarizing both content and captions using its Hunyuan model. Users can send links directly, and the <a href="/industry/ai">AI</a> assistant returns concise highlights. Tencent plans further product integrations as it expands multimodal AI features into more everyday user scenarios.

<a href="/industry/robotics">Robotics</a> firms Deep Robotics, Uniview, and Xiaoyuan Robot have formed an alliance to co-develop smart patrol and inspection solutions. The partnership brings together Deep Robotics’ quadruped mobility, Uniview’s visual sensing and camera systems, and Xiaoyuan’s integration expertise to accelerate the deployment of AI-powered patrol systems for urban safety and emergency response.

A life-sized mint green Labubu figure has sold for over USD 150,000 at a Beijing auction, highlighting surging demand for <a href="/company/pop-mart">Pop Mart</a> collectibles. Created by artist Kasing Lung, the character has become a global icon amid Pop Mart’s expansion and Asia’s booming collectible toy craze.

<a href="/company/tiktok-shop">TikTok Shop’s</a> full-service launch in Mexico saw GMV surge 208% during its "hot sale" event from May 19 to June 3, with paid orders reportedly rising 63%, marking a strong debut in Latin America. Apparel, electronics, and home goods led category growth.

<a href="/company/byd">BYD</a> has launched the Dolphin Surf, ostensibly its most affordable <a href="/industry/ev">EV</a> to date, in Europe at around USD 25,000, triple the price in China due to tariffs. The debut expands China’s EV price war into global markets, prompting competition from Citroen, Renault, and Dacia. Analysts said falling battery costs could drive prices lower and bring EVs closer to parity with gasoline cars.

Chinese <a href="/industry/ev">EV</a> maker <a href="/company/xpeng">Xpeng Motors</a> has unveiled upgraded G6 and G9 electric SUVs for Europe, featuring 5C LFP batteries and 800V SiC platforms that enable 10–80% charging in just 12 minutes. Both models offer interior upgrades and advanced assisted driving features, with orders opening in mid-July across seven European countries.

On June 11, US President Donald Trump declared a trade deal with China “done,” pending approval from Chinese counterpart Xi Jinping. The agreement would reinstate steep tariffs, with 55% from the US and 10% from China, while restoring rare earth exports and student visa access. Questions remain about enforcement and timing.

<a href="/company/tencent">Tencent</a> is exploring a deal for Nexon and has approached the family of late founder Kim Jung-ju about a potential stake acquisition via NXC Corporation. The move would bolster Tencent’s gaming portfolio, though no agreement has been reached. Nexon's shares surged in Tokyo trading following the report, but the company has yet to comment.

Horizon Robotics plans to raise HKD 4.67 billion through a top-up share placement to support business expansion and R&amp;D. The self-driving chipmaker will sell 681 million shares at HKD 6.93 each, with support from existing investors and placement agents Goldman Sachs, Morgan Stanley, and UBS, amid bullish sentiment in Hong Kong.

Sleek has raised USD 23 million in a Series B funding round led by Ellerston JAADE, with participation from Money Forward. The Singapore-based platform helps SMEs streamline back office operations and will use the funds to scale its technology and expand globally.

Nanjing has launched an action plan to grow its embodied <a href="/industry/ai">AI</a> sector to over RMB 10 billion by 2027. At a June 11 conference, the city unveiled a dedicated industry park and alliance, aiming to support more than 150 companies and scale mass production. The plan includes new R&amp;D hubs, data labs, and pilot deployments in the public sector.

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Laifen is sinking serious money into shavers, wagering that innovation will help it trump incumbents like Philips and Braun.

After hair dryers, Laifen targets the other side of bathroom counters with a shaver built from scratch

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Discount coffee, hotels thrive in China&#8217;s penny-pinching economy

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Yuanbao brings video parsing to WeChat

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Deals in brief: Atome secures USD 75 million facility, Sam Altman backs Coco Robotics again, 12 new China deals, and more

After hair dryers, Laifen targets the other side of bathroom counters with a shaver built from scratch

Discount coffee, hotels thrive in China’s penny-pinching economy