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Top Toy has refiled for a Hong Kong IPO just days after its previous application expired. The move follows pressure from a RMB 574 million redemption …

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Top Toy has refiled for a Hong Kong IPO just days after its previous application expired. The move follows pressure from a RMB 574 million redemption liability tied to a 2025 funding agreement. The brand aims to secure a public listing before its 2028 deadline to avoid potential share buybacks by investors.

<a href="/company/byd">BYD</a> will debut a new Fangchengbao sedan series at Auto China 2026 on April 24. The vehicle, which marks the brand's first entry into the sedan market, is expected to feature a mid-to-large sports coupe design, a length exceeding five meters, and a potential three-motor powertrain.

iQiyi CEO Gong Yu said that the company's AI artist database requires project-specific authorization from actors, mirroring traditional filming contracts. The clarification follows public denials from several public figures who claimed they had not signed AI-related agreements. Gong added that the platform aims to support creators rather than replace them.

RoboSense has released its Eocene SPAD-SoC platform and Phoenix and Peacock LiDAR chipsets. Phoenix delivers 2,160-beam automotive-grade output with design wins and 2026 production, while Peacock targets robotics with 640 by 480 solid-state sensing and Q3 2026 mass production, with initial shipments underway.

Wondershare Technology launched a public beta of a hand-drawn mode for its AI-powered EdrawMind mind mapping software, expanding its capabilities in knowledge visualization, the company said.

<a href="/company/xiaomi">Xiaomi</a> has launched a closed beta for its MiMo-based AI agent, Miclaw, on desktops and smart displays. The expansion enables cross-device task management, including document processing on desktops and voice-activated home automation. Users can apply for testing access via the Xiaomi community.

Zeekr will debut a refreshed seven-seat version of its 009 MPV at the upcoming Auto China 2026 show. The updated model features a 900V electrical architecture, promising improved power, efficiency, and charging speeds. The company also confirmed interior upgrades to the seating, cabin space, and entertainment system.

<a href="/company/huawei">Huawei</a> executive Richard Yu announced that HIMA brand Stelato will unveil its first brand ambassador on April 22. The announcement coincides with the launch of the Stelato Z7 and Z7T models at the company's spring product event.

Chinese EV exports jumped 100% YoY in March to 371,000 units as rising global oil prices spurred consumer demand. While exports remain strong, analysts said that domestic sales in China declined during the first quarter, highlighting the industry's reliance on international markets amid geopolitical trade barriers.

<a href="/company/geely">Geely</a> has announced the 2026 Galaxy A7 EM hybrid sedan, offering up to 235 kilometers in electric range and 2,150 kilometers in total range. The model features a 2,845-millimeter wheelbase, about two liters per 100 kilometers fuel consumption, and includes the H3 driving assistance system.

Hesai Technology has launched what it said is the world's first 6D full-color LiDAR chip, enabling sensors to perceive object color and generate color point clouds. The technology aims to improve autonomous driving algorithms by better integrating spatial and semantic data.

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Cheng Zi is based in China, covering technology- and business-related events. She works with her colleagues at 36Kr Global to provide coverage in both English and Chinese.

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Two veteran executives join the company to lead its next phase in the automotive business.

Xiaomi boosts EV business with new hires, including first CTO appointment

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Top Toy refiles for Hong Kong IPO

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ByteDance’s global e-commerce push lifts revenue as AI costs mount

Xiaomi boosts EV business with new hires, including first CTO appointment

Deals in brief: Baskit raises USD 4.4 million, Tencent buys Kaspi.kz stake, six China investments, and more