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PDD Holdings reported Q3 2025 revenues of RMB 108.28 billion, up 9% YoY, driven by growth in online marketing and transaction services. Net income ros…

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<a href="/company/pinduoduo">PDD Holdings</a> reported Q3 2025 revenues of RMB 108.28 billion, up 9% YoY, driven by growth in online marketing and transaction services. Net income rose 17% YoY to RMB 29.33 billion, and operating profit reached RMB 25.03 billion, with higher fulfilment and technology costs adding to expenses.

<a href="/company/pony-ai">Pony.ai</a> has partnered with Sany Heavy Truck and Dongfeng Liuzhou Motor to develop its fourth-generation autonomous truck platform, which features a modular design and full-redundancy safety architecture. Two pure-electric models are slated for mass production in 2026, and the system reuses most components from the firm’s next-generation robotaxi kit, reducing bill-of-material costs by up to 70%.

<a href="/company/geely">Geely</a> and Renault will invest BRL 3.8 billion in Brazil to co-develop new models, including two vehicles built on Geely’s zero- and low-emission platform starting in late 2026. Additional funding will refresh Renault’s lineup through 2027. Geely’s deal to buy 26% of Renault’s Brazil unit expands access to its distribution and engineering network.

Voyah has unveiled its new Taishan SUV, offering four versions priced between RMB 379,900–509,900. The large six-seat model features <a href="/company/huawei">Huawei's</a> autonomous driving system, HarmonyOS 5, tri-chamber air suspension, and an 800V hybrid system delivering up to 350 kilometers of <a href="/industry/ev">EV</a> range and over 1,400 kilometers combined.

Boyu Capital is reportedly considering whether to involve GIC and <a href="/company/tencent">Tencent</a> in the transaction for a stake in Starbucks’ China business. The parties have not commented, and no terms, valuation, or timeline have been disclosed.

Manner Coffee is reportedly weighing a Hong Kong listing as early as 2026. The company said it would not comment on the IPO rumor, and no formal timeline or offering details have been disclosed.

<a href="/company/xiaomi">Xiaomi’s</a> <a href="/industry/ev">EV</a> unit recorded a RMB 700 million profit in Q3, its first since launching the business and a reversal from the prior quarter’s loss. The company expects to reach its 350,000-unit delivery target ahead of schedule but continues to manage long wait times and rising memory chip costs.

<a href="/company/baidu">Baidu</a> reported Q3 2025 revenues of RMB 31.2 billion, down 7% YoY, as online marketing declined. A RMB 16.2 billion impairment of long-lived assets led to a net loss of RMB 11.2 billion. Non-marketing revenue grew 21% YoY, while <a href="/industry/ai">AI</a>-powered businesses exceeded RMB 10 billion.

iQiyi reported Q3 2025 revenues of RMB 6.68 billion, down 8% YoY, with weaker membership, advertising, and content distribution revenue. The company posted a net loss of RMB 248.9 million and an operating loss of RMB 121.8 million, reversing last year’s profitability despite continued traction in drama viewership and overseas growth.

<a href="/company/luckin-coffee">Luckin Coffee</a> posted Q3 2025 net revenues of RMB 15.29 billion, up 50.2% YoY, as it added 3,008 stores and reached 112.3 million average monthly transacting customers. Same-store sales for self-operated stores rose 14.4%, while GAAP operating income increased to RMB 1.78 billion amid higher delivery expenses.

Amperesand, a power infrastructure provider for <a href="/industry/ai">AI</a> data centers and critical power applications, has raised USD 80 million after completing an oversubscribed Series A round co-led by Walden Catalyst Ventures and Temasek. The round saw participation from new investors Industry Ventures, Acclimate Ventures, and SG Growth Capital, alongside existing backers Xora Innovation, Material Impact, TDK Ventures, and Foothill Ventures.

How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

Amigos founder Liu Fang says he isn’t chasing moonshots, only moving fast to get robots into real-world use.

Xiaomi’s former smart driving chief is building Amigos, a rising force in robotics

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The Shenzhen-based startup’s first product is an exploration camera inspired by the “One Hundred Thousand Whys” encyclopedia series.

PDD lifts profit in third quarter

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Xiaomi’s former smart driving chief is building Amigos, a rising force in robotics

Deals in brief: Malaysia’s ArmourZero and FeedMe raise funding, Accelerating Asia backs eight startups in 12th cohort, latest China investments, and more

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