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Xgimi Technology, a Chinese consumer electronics firm, said it plans to issue H-shares and seek a listing on the Hong Kong Stock Exchange’s Main Board…

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Xgimi Technology, a Chinese consumer electronics firm, said it plans to issue H-shares and seek a listing on the Hong Kong Stock Exchange’s Main Board. The company is in talks with intermediaries, but the details of the offering have not yet been finalized.

<a href="/company/tesla">Tesla’s</a> US customer loyalty reportedly plunged from 73% in June 2024 to 49.9% by March 2025, following Elon Musk’s endorsement of Donald Trump and rising political engagement. S&amp;P data shows Tesla has slipped from top in loyalty to industry average, as rivals gain ground and <a href="/industry/ev">EV</a> competition intensifies.

China’s plastic exports surged in H1 2025, with volumes doubling in some resins and prices falling by as much as 20%. Amid weak domestic demand, China ramped up shipments of PVC, polystyrene, and polypropylene, putting pressure on regional producers. Japan’s imports rose sharply as Chinese supply rippled through Asian markets.

Beijing’s E-Town is hosting a <a href="/industry/robotics">robot</a> shopping festival through August 17, offering subsidies of up to RMB 250,000 for buyers. Featuring 63 brands including Unitree and UBTech, among others, the event includes the launch of a new robot store and over 680 models available via JD.com. It follows a national surge in robot production in H1 2025.

<a href="/company/anta">Anta Sports</a> has declined to comment on reports that it is nearing an acquisition of US sportswear brand Reebok. In a statement, the company said it does not respond to market rumors and advised relying on official announcements for accurate information.

<a href="/company/tencent">Tencent</a> has open-sourced four compact language models under its Hunyuan family, ranging from 500 million to seven billion parameters. Built to run on consumer-grade GPUs, the models support low-power use in laptops, smartphones, smart cockpits, and smart homes, and enable cost-effective fine-tuning for vertical applications.

<a href="/company/baidu">Baidu</a> and Lyft will launch Apollo Go robotaxi services in Germany and the UK in 2026, pending regulatory approval. The partnership combines Baidu’s autonomous driving tech with Lyft’s European footprint via Freenow, aiming to scale autonomous ride-hailing across key markets while meeting safety and compliance standards.

Chinese tea chain Tianlala opened three new stores in Bali on August 3, expanding to 130 signed stores in Indonesia and over 200 globally. Located in key commercial areas, the stores reportedly drew more than 1,000 visitors on day one. The brand aims to deepen its Southeast Asia presence while exploring expansion into Europe and the Middle East.

Haidilao has introduced a “nightclub mode” at select hotpot restaurants across China, featuring DJs, ambient lighting, and male dancers performing for mostly female diners after 9:40 p.m. First launched in Guangzhou in January, the format has drawn full crowds and sparked debate over brand image and the rise of female-driven spending.

China's <a href="/industry/gaming">game</a> makers are accelerating overseas expansion, with exports reaching USD 9.5 billion in H1 2025, up 11% YoY, according to the China Digital Entertainment Industry Congress. Firms like Century Games now earn most of their revenue abroad, as titles like <em>Black Myth: Wukong</em> and <em>Wuchang: Fallen Feathers</em> boost global visibility and appeal.

Sohu reported USD 126 million in revenue for Q2 2025, down 27% YoY, with a net loss of USD 20 million. Online game revenue fell 28% to USD 106 million, while marketing services rose 14% from the previous quarter. Modest user growth in legacy PC titles helped offset a steep decline in mobile game engagement.

The Midea-backed brand is pitching a full-stack system that unifies household tech through large models and adaptive learning.

Would you trust AI to run your home? Colmo thinks you will

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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Xgimi to pursue H-share issuance

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Would you trust AI to run your home? Colmo thinks you will

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