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Be Friends Holdings reported RMB 3.78 billion in GMV for Q2 2025, up 7.08% YoY, and RMB 6.98 billion for H1, marking a 17.11% increase from 2024. The …

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36Kr is China's most influential business and technology network, delivering high-quality content focused on China’s innovation and new economy trends since 2010. With its extensive traffic and network, 36Kr has built a comprehensive database and strong data analytics capabilities to provide insights into China’s technology landscape.

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Be Friends Holdings reported RMB 3.78 billion in GMV for Q2 2025, up 7.08% YoY, and RMB 6.98 billion for H1, marking a 17.11% increase from 2024. The company offers live streaming, product sales, and video services to broadcasters, platforms, and industry clients.

<a href="/company/xpeng">Xpeng Motors</a> announced that it surpassed 800,000 vehicle deliveries, marking a milestone for the Chinese <a href="/industry/ev">EV</a> maker. The company is also expanding beyond smart vehicles into flying cars and embodied intelligence.

JD Finance has reportedly launched a device leasing service through an indirectly controlled subsidiary of JD Technology. The move marks <a href="/company/jd">JD’s</a> formal entry into the consumer device rental market.

<a href="/company/ant-group">Ant International</a> has denied reports of a potential stablecoin partnership with US-based Circle, calling the claims inaccurate and confirming it has no such plans. The company, an affiliate of <a href="/company/alibaba">Alibaba</a>, recently said it will apply to issue fiat-referenced stablecoins in Hong Kong.

<a href="/company/tencent">Tencent</a>-backed Agibot is reportedly planning to acquire a 63.6% stake in Shanghai-listed Swancor Advanced Materials for roughly RMB 2 billion. The deal, which would give Agibot's CEO control of the firm, has fueled speculation of a backdoor listing, though the startup denies such intent. Approval from shareholders and regulators is still pending.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang is meeting with US President Donald Trump at the White House on July 11, ahead of a trip to China where he’ll meet senior officials and attend a major industry event. The visit comes as Nvidia faces steep revenue losses from US chip export curbs and rising tensions in the US-China tech rivalry.

Mercedes-Benz plans to equip future car models in China with Flyme Auto, a smart cockpit system developed by <a href="/company/geely">Geely</a> units Ecarx and DreamSmart, starting with the long-wheelbase E-class in 2027. The move reflects a shift toward local tech partnerships as the automaker looks to close the gap with Chinese rivals in smart vehicle features.

TikTok has denied a <a href="https://www.reuters.com/world/china/tiktok-prepares-us-app-with-its-own-algorithm-user-data-2025-07-09/"><em>Reuters</em></a> report claiming it is developing a US-only version of its app with a separate algorithm and data system. The report linked the move to divestment pressures under US law, but TikTok said no such project is underway. <a href="/company/bytedance">ByteDance</a> has not commented on the specifics.

Sirsak, an Indonesian startup, has raised USD 600,000 in a pre-seed funding round led by Openspace Ventures to grow its tech-enabled packaging recovery system and expand waste collection. The startup aims to recover 4,000 tons of packaging waste, expand to 1,000 sites, and improve traceability while supporting EPR compliance across Indonesia.

British tech brand Nothing launched its Phone (3) in China at USD 799, alongside its first over-ear headphones, the Headphone (1). The midrange phone prioritizes design over performance, featuring a customizable LED subdisplay and software suite aimed at younger users.

Amazon is weighing a new investment in Anthropic that would build on its existing USD 8 billion commitment and deepen its role as a key shareholder and cloud solutions partner. The move would bolster its position against rivals like Google and Microsoft in the <a href="/industry/ai">AI</a> race.

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Mercedes-Benz will begin integrating Flyme Auto OS into its vehicles, starting with the long-wheelbase E-class in 2027.

Mercedes-Benz taps Flyme Auto OS to boost smart vehicle appeal

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Priced to match the iPhone 16, Nothing’s Phone (3) targets design-conscious users who prioritize personality over specs.

Nothing brings its design-focused phones to China, starting with the Phone (3)

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Once dismissed, companies like MiniMax and AIsphere are proving that video generation models can scale with sustainable revenue.

Be Friends logs steady GMV growth

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Mercedes-Benz taps Flyme Auto OS to boost smart vehicle appeal

Nothing brings its design-focused phones to China, starting with the Phone (3)

China’s video AI startups are doing what LLM firms haven’t: Making money