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Xiaomi opened its largest Yunnan store on August 23 at Kunming’s Park 1903. The 1,600-square-meter store features EVs like the YU7, AIoT devices, home…

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<a href="/company/xiaomi">Xiaomi</a> opened its largest Yunnan store on August 23 at Kunming’s Park 1903. The 1,600-square-meter store features <a href="/industry/ev">EVs</a> like the <a href="https://kr-asia.com/xiaomis-new-yu7-can-it-stand-up-to-teslas-model-y">YU7</a>, AIoT devices, home appliances, and a lounge. The launch marks a milestone in Xiaomi’s premium retail push, with 3,000 upgraded stores expected across China by year’s end.

<a href="/company/nvidia">Nvidia</a> has launched the Jetson AGX Thor robotics chip as a USD 3,499 developer kit, with volume pricing at USD 2,999. Built on its Blackwell architecture, the chip is reportedly 7.5 times faster than its predecessor and supports large <a href="/industry/ai">AI</a> models.

RoboSense reported Q2 2025 revenue of RMB 460 million, up 24.4% YoY, with <a href="/industry/robotics">robotics</a> sales surging 632% to RMB 150 million on strong LiDAR demand. Gross margin rose to 27.7%, and the company expects delivery volumes to climb in Q4 amid broader <a href="/industry/ai">AI</a> and robotics expansion.

Blitz Electric Mobility, an Indonesian logistics firm, has raised an undisclosed amount in a pre-Series A funding round led by Vynn Capital, with participation from Iterative Capital, Vinner Ventures, and individual backers including Balaji Srinivasan and Rajesh Venkatesh. The company reportedly tripled revenue in 2024.

Pintarnya, an Indonesian startup, has raised USD 16.7 million in a Series A funding round led by Square Peg, with support from Vertex Ventures Southeast Asia &amp; India and East Ventures. The funds will be used to expand its platform for informal workers, offering job matching, upskilling, and collateral-backed loans.

On August 21, Vivo launched the “Discovery” edition of its Vision MR headset. Weighing 398 grams, the device is designed for immersive, multi-device use, featuring a low-latency proprietary algorithm, external compute module, and support for spatial content.

Perplexity AI has launched a USD 42.5 million program to share revenue with publishers based on how their content is used in its Comet browser and <a href="/industry/ai">AI</a> assistant. Funded by Comet Plus subscriptions, the initiative offers publishers 80% of proceeds and comes amid legal challenges over content use.

PDD Holdings reported Q2 2025 revenue of RMB 104 billion, up 7% YoY, driven by online marketing and transaction services. Operating profit fell 21% to RMB 25.8 billion, while net income dropped 4% to RMB 30.8 billion as higher costs and continued investment in merchant support weighed on profitability.

<a href="/company/huawei">Huawei</a> is restructuring its cloud unit to focus on <a href="/industry/ai">AI</a>, merging departments into six divisions including computing and cybersecurity. The overhaul follows 2024 losses and mounting US chip restrictions, as the company ramps up investment in AI tools and domestic computing hardware.

Starbucks has asked bidders including Carlyle, EQT Partners, Hillhouse, Primavera Capital Group, and <a href="/company/tencent">Tencent</a> to submit non-binding offers for its China business within two weeks. A management presentation will disclose financial and operational details, though deal size and structure remain undecided. An agreement could be reached by year’s end.

<a href="/company/xiaohongshu">Xiaohongshu</a> will waive commissions on the first RMB 1 million in sales per merchant from September 1, 2025, to August 31, 2026, charging only a 0.6% processing fee. The platform-wide initiative applies automatically and aims to cut seller costs and draw in more merchants.

New supply deals and products signal the LiDAR leader’s expansion beyond sensors into embodied intelligence.

RoboSense sees AI and robotics as next growth driver after Q2 earnings beat

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The release positions mixed reality as both a next-gen consumer interface and a testing ground for robots learning to navigate the physical world.

Xiaomi opens flagship store in Kunming

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RoboSense sees AI and robotics as next growth driver after Q2 earnings beat

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Vivo launches “Discovery” edition of Vision MR headset, signaling shift beyond smartphones