Chinese smartphone makers are promoting apps to help users switch from iOS in a race for market share, as Apple struggles to roll out AI features in China
Manufacturers tout apps that help users switch from iPhones — William Langley in Guangzhou and Gloria Li in Hong Kong
Pony AI's Hong Kong-listed shares rose 6.7% after it said its Guangzhou operations had broken even per car, as it targets a 3,000+ global robotaxi fleet in 2026
Pony AI Inc. shares rose for a third day in Hong Kong trading, arresting a steep decline since listing three weeks ago …
China's premier Li Qiang proposes creating an organization for global cooperation in AI and says “bottlenecks” in chip supplies are hindering AI innovation
Premier Li Qiang warns ‘bottlenecks’ in chip supplies are hindering innovation — William Langley in Guangzhou and Eleanor Olcott and Ryan McMorrow in Shanghai
Sources: Guangzhou-based autonomous driving company Pony AI confidentially filed for a Hong Kong IPO; Pony AI raised ~$413M in a US IPO in November 2024
Bloomberg :
Tencent partners with Visa to launch a palm biometric authentication payment service at stores and restaurants in Singapore, its first expansion outside China
GUANGZHOU — China's Tencent Holdings announced that it is partnering with Visa to launch a palm biometric authentication payment service …
Chinese self-driving company WeRide's shares closed up 6.8% at $16.55, giving it a market cap of ~$4.5B, after raising $440.5M in a US IPO and private placement
The Guangzhou-based company's ADS pared initial gains to close at $16.55 on Friday in New York, above the IPO price of $15.50 apiece.
Document: Guangzhou, China-based self-driving startup WeRide files for a Nasdaq IPO, planning to raise up to $119.4M
LG Display agrees to sell its stake in its large LCD display plant in China to TCL's LCD unit CSOT for ~$1.54B; LG will now no longer make LCD panels in China
focus moves to OLED TechNode : LG Display sells its Guangzhou LCD panel plant to TCL for $1.54 billion Rasmus Larsen / FlatpanelsHD : LG Display closes chapter on LCD TV panels, sells last plant to TC...
iiMedia Research: China's food delivery market reached $208B in 2023, 2.3x the size in 2020; Meituan and Ele.me employ over 10M gig workers combined
Meituan, Ele.me employ a combined 10m, but conditions remain harsh for gig employees — Meituan delivery drivers can be seen buzzing around Guangzhou's office areas on weekdays.
Memo: Weibo sent notices warning users to “avoid expressing pessimism about the economy” and “avoid crossing the red lines” around economic or financial topics
Bloomberg : X: @haifeng_huang and @wexler . LinkedIn: Ethan Tan X: H. Huang / @haifeng_huang : From the global coordination games' perspective, such a policy signals stress without raising the agents...