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Pinduoduo has launched a new entity to provide cross-border trade services for its Temu platform. The unit will act as an export agent, offering logis…

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<a href="/company/pinduoduo">Pinduoduo</a> has launched a new entity to provide cross-border trade services for its Temu platform. The unit will act as an export agent, offering logistics, customs and settlement services to improve supply chain quality and regulatory compliance for merchants.

<a href="/company/bytedance">ByteDance</a> has established an independent department to integrate shopping features into its Hongguo short drama app. The move is aimed at monetizing the platform's user base as the company seeks new growth drivers. Hongguo reported RMB 20 billion in advertising revenue in 2025 and will now allow users to purchase items directly within the app interface.

DJI secured a 66.2% market share in China's online retail segment for action, panoramic, and wearable cameras during April 6–19, according to a report by Runto Technology. The company also reported that sales of its Pocket 4 camera increased tenfold in its first week compared with the previous generation.

Sunrate has secured a Class B license from Bank Negara Malaysia, allowing it to offer regulated money remittance services in the country. The approval enables full-scale operations and supports cross-border payments, building on its Kuala Lumpur shared services center.

CATL has signed a three-year agreement with HyperStrong to supply 60 GWh of sodium-ion batteries for energy storage, reportedly the largest deal of its kind. The partnership covers R&amp;D, applications, and deployment, supporting large-scale commercialization of sodium-ion battery tech.

Jiyue Auto has entered judicial reorganization after a court approved the consolidation of its affiliated entities. The move follows a pre-restructuring phase aimed at attracting new investors, protecting user rights, and revitalizing assets.

37 Interactive Entertainment reported a 59.02% YoY increase in Q1 2026 net profit to RMB 873 million, with revenue rising to RMB 3.72 billion. The company attributed the growth to its product strategy, including new title launches and continued performance from existing games.

Unitree Robotics launched a dual-arm humanoid robot on April 30, with pricing starting at RMB 26,900. The robot includes a binocular vision computing module, 15–31 degrees of freedom, and a head module with 10 TOPS of computing power. It supports interchangeable end-effectors, including two-, three-, and five-finger configurations, and can be mounted on fixed or mobile bases.

GoTo Group reported its first net profit of IDR 171 billion in Q1 2026, reversing a loss from the year earlier. Revenue rose 26% YoY to IDR 5.3 trillion, while core GTV grew 65% YoY to IDR 138 trillion and adjusted EBITDA increased 131% YoY to IDR 907 billion.

The Harmony Intelligent Mobility Alliance has delivered more than 5,000 units of the Aito M6 as of April 30. It has launched nationwide deliveries of the SUV, which starts at RMB 259,800, and plans to increase production capacity to 20,000 units per month.

Oppo has established a sub-brand business unit to consolidate marketing and product operations across OnePlus and Realme. Oppo senior vice president Sky Li will lead the division, while Xu Qi oversees marketing and service. Realme's R&amp;D teams will be integrated into Oppo's hardware and imaging divisions.

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Automakers no longer need foreign joint venture partners as they expand overseas.

China's carmakers surge past Japan, European peers with AI, battery tech

China&#8217;s carmakers surge past Japan, European peers with AI, battery tech

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The yard robotics company marks a mass production milestone.

Pinduoduo launches Temu services unit

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China’s carmakers surge past Japan, European peers with AI, battery tech

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