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Chinese firm Terminus Group has reported H1 revenue of RMB 632 million, up 77% YoY, led by AI computing and digitalization revenue of RMB 577 million,…

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Chinese firm Terminus Group has reported H1 revenue of RMB 632 million, up 77% YoY, led by <a href="/industry/ai">AI</a> computing and digitalization revenue of RMB 577 million, which rose 191%. Gross margin improved to 22.7% and cost ratios declined, while cash and equivalents reached RMB 657 million. The company added new AIoT customers, expanded orders to RMB 2.6 billion, and extended deployment to 172 cities globally.

<a href="/company/li-auto">Li Auto</a> CEO Li Xiang said the company plans to launch its own AI glasses and is considering an <a href="/industry/ai">AI</a>-driven smart speaker as it expands its product ecosystem. He added that Li Auto will not build phones. The update comes as competition in the smart glasses segment intensifies, with major tech firms already moving into the category.

<a href="/company/nvidia">Nvidia</a> said its GPUs remain a generation ahead of rivals after a report that Meta may turn to Google’s TPUs (tensor processing units) weighed on its shares. The company emphasized broader model support and flexibility than ASIC-based TPUs. Google said demand is rising for both TPUs and Nvidia GPUs as its Gemini 3 model was trained on TPUs.

TikTok has appointed Ziad Ojakli, former Boeing government affairs chief, as head of public policy for the Americas as it works to separate its US assets from <a href="/company/bytedance">ByteDance</a>. Ojakli begins December 1, succeeding Michael Beckerman. Lawmakers continue to question algorithm oversight under the planned US entity, which would be majority owned by US and global investors.

<a href="/company/nio">Nio</a> reported Q3 revenue of RMB 21.79 billion, up 16.7% YoY, with deliveries rising 41% to a quarterly record of 87,071 units across the Nio, Onvo, and Firefly brands. Vehicle margin increased to 14.7%, pushing gross margin to 13.9%, and net loss narrowed 31% to RMB 3.48 billion.

RoboSense reported Q3 revenue of RMB 407.1 million, roughly unchanged from a year earlier, while total LiDAR shipments grew 34% to 185,600 units on surging <a href="/industry/robotics">robotics</a> demand . Gross margin improved to 23.9% from 17.5% as material costs declined and in-house chips gained share. The company recorded a RMB 100 million net loss for the quarter.

<a href="/company/alibaba">Alibaba</a> reported Q3 revenue of RMB 247.8 billion, up 5% YoY, or 15% on a like-for-like basis excluding divestitures of the Sun Art and Intime businesses. Cloud revenue rose 34% on continued <a href="/industry/ai">AI</a> demand, while China commerce customer management revenue increased 10%. Adjusted EBITA fell 78%, and free cash flow shifted to a RMB 21.8 billion outflow as investments continued.

<a href="/company/miniso">Miniso</a> has opened its first and largest “Miniso Land” in Australia at Westfield Chatswood, unveiling an 800-square-meter flagship with immersive IP zones and more than 7,000 SKUs, with over 70% of them IP collaborations. The store introduces new Zootopia- and Sanrio-themed products and supports Miniso’s broader global expansion strategy.

China is reportedly finalizing a stricter mandatory safety standard for power banks that adds requirements for full labeling, real-time health monitoring on circuit boards, and tougher battery abuse tests. Industry participants expect the rule to be published in December and implemented in June 2026, replacing existing certification, with most current capacity unlikely to meet the new thresholds.

EHang conducted urban pilotless demonstration flights in Bangkok using the EH216-S, with the country’s aviation regulator chief on board. The trials, part of Thailand’s AAM Sandbox initiative, were designed to validate the aircraft’s safety and commercial readiness and will support efforts to build low-altitude routes for commuting and tourism.

<a href="/company/tiktok-shop">TikTok Shop</a> has begun adding secondhand handbags and watches from brands such as Hermes, Chanel, and Rolex as sellers adopt <a href="/industry/ai">AI</a>-driven tools to authenticate items and meet stricter platform standards. Resale boutiques report strong uptake through TikTok live streams, underscoring the platform’s expanding role in higher-end <a href="/industry/e-commerce">e-commerce</a>.

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A draft regulation would cap acceleration, curb regenerative braking, and probe how much performance drivers actually need.

China hits the brakes on car performance with new safety rules

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As diners reject pre-prepared meals, automation is taking over kitchens, promising the wok hei of tradition at lower costs.

China’s restaurant chains turn to robots after backlash against pre-made dishes

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Nio, a Chinese electric car maker, specializes in high-performance EVs, battery-swapping solutions, and autonomous driving technologies.

The new model lets high-credit users drive before they buy.

Nio teams up with Ant’s Zhima and SuperEV on credit-based car subscription

KrASIA Connection curates technology and innovation updates from China.

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Terminus posts strong H1 growth

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