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Midea Group is continuing its executive turnover as part of a management strategy aimed at maintaining competitiveness in a saturated market. Recent c…

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Midea Group is continuing its executive turnover as part of a management strategy aimed at maintaining competitiveness in a saturated market. Recent changes include last month’s departure of vice president and CTO Wei Chang and a 2026 board reshuffle, reflecting the company’s practice of prioritizing performance over tenure.

Rokid has received an undisclosed investment from Toyota Tsusho, an affiliate of Toyota, to expand its AI glasses business and explore manufacturing use cases, CEO Zhu Mingming said. The company is in talks with SoftBank and KDDI for Japan distribution and targets JPY 6 billion in local sales this year after a JPY 636 million crowdfunding round.

Lenovo will raise prices across its product lineup starting in July, after its 618 promotional event ends. The company plans to issue formal price adjustment notices to distributors by the end of June, citing broader industry trends that have also led competitors including Dell to raise server and PC prices.

<a href="/company/xiaohongshu">Xiaohongshu</a> launched its “skills” feature on June 10, allowing creators to embed <a href="/industry/ai">AI</a>-powered components directly into posts. Users can access the tools without leaving the platform. To qualify for upload and mounting permissions, creators must have at least 1,000 followers, a six-month account history, and verified status.

UBTech Robotics reported more than 3,000 preorders for its full-size humanoid robot within eight days of the product’s debut on <a href="/company/jd">JD.com</a>. The robot, designed for emotional companionship, is limited to adult buyers and is scheduled for release on June 30. Customers can secure a spot in the first batch with a RMB 3,000 deposit.

<a href="/company/tencent">Tencent</a> has launched a bond offering of up to USD 4.5 billion, denominated in US dollars and offshore RMB. The issuance, its first USD bond sale since 2021, has attracted more than USD 17 billion in orders. Proceeds will support refinancing and general corporate purposes, including <a href="/industry/ai">AI</a> product and service development.

BrainCo completed its IPO counseling process on June 9, according to the China Securities Regulatory Commission. The brain-computer interface (BCI) company submitted its filing in February and worked with CITIC Securities to finalize the report. BrainCo holds the largest share of China’s high-end BCI market.

Ma Ruila, DingTalk vice president and head of AI products, confirmed that he left the company on May 15. Ma, who joined DingTalk after its 2023 acquisition of his startup Wolai, announced his resignation in a personal post and said he has returned to Shanghai to pursue a new venture.

Moonshot AI is seeking USD 2 billion in a new funding round at a target valuation of USD 30 billion. The company plans to use the capital to maintain its position in the LLM market. The round marks its third financing effort in six months.

Midea will pause major acquisitions for the next three years, with management pledging to return net profits to shareholders. Chairman Fang Hongbo said the company is focusing on internal efficiency and new growth drivers as it moves away from aggressive capital expansion.

<a href="/company/xiaomi">Xiaomi</a> launched MiMo-V2.5-Pro-UltraSpeed mode on June 8. The update optimizes the model inference system to reach speeds of 1,000 tokens per second using standard GPUs, without requiring custom chips or sacrificing model performance.

Huawei, a global telecom and smartphone vendor, delivers networking equipment, 5G solutions, and consumer devices integrating cutting-edge tech.

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What guides machine-led insights? Uncover AI applications, language models, and decision-making systems transforming sectors worldwide.

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Huawei is focusing on domestic computing power and enterprise use cases as rivals compete on cheaper AI inference.

Huawei Cloud shifts the AI cloud fight beyond token prices

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Here’s a roundup of key developments across the Middle East that took place between May 31 and June 6.

Middle East weekly: Dubai plans smart medical visa, Saudi fund expands overseas project support, Qatar updates business activity classifications, and more

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Li-Ning, a Chinese sportswear brand, focuses on performance-driven footwear and apparel, combining functionality with contemporary design.

Li-Ning

What sets the bar for convenience? Examine on-demand platforms, subscription models, and personalization transforming consumer expectations.

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The Chinese sportswear brand is counting on Curry Brand becoming a long-term global asset.

Midea continues executive reshuffle

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Huawei Cloud shifts the AI cloud fight beyond token prices

Middle East weekly: Dubai plans smart medical visa, Saudi fund expands overseas project support, Qatar updates business activity classifications, and more

Will Li-Ning’s Stephen Curry deal cut both ways?