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Low-altitude sightseeing flights under 1,000 meters proved popular across China during the Labor Day break, with cities offering tours via helicopters…

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BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

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Geely, a Chinese automaker, integrates advanced engineering, EV tech, and international brand acquisitions to expand its global footprint.

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Photo of Venetia Lee, CEO of AlipayHK and general manager of Ant International for the Greater China region.

Alipay, a fintech platform by Ant Group, offers mobile payments, financial services, and e-commerce integrations, supporting transactions globally.

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Ant Group, a fintech powerhouse, offers digital payments, wealth management tools, and micro loans, enabling borderless, mobile-first financial services.

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Focusing on transport, dining, payments, and cross-border travel, AlipayHK wants to evolve into a platform that quietly handles the rhythms of daily life.

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Low-altitude sightseeing flights under 1,000 meters proved popular across China during the Labor Day break, with cities offering tours via helicopters and unmanned aircraft from eVTOL providers like EHang. Despite strong demand, the industry faces regulatory bottlenecks, with over 800 UAVs awaiting certification amid limited staffing and safety oversight.

Dingdong Maicai has partnered with DFI Retail Group to deliver mainland produce to Hong Kong. Select vegetables are already available in Wellcome stores, its online shop, and on Foodpanda. The rollout will expand to other supermarket brands, with a first-year sales target of HKD 100 million.

Auntea Jenny opened 68.5% above its IPO price at HKD 190.6, lifting its market cap to HKD 19.5 billion after a heavily oversubscribed IPO. The tea chain operates more than 9,000 mostly franchised stores across China and ranked fourth nationwide by outlet count as of 2023.

Baojun is set to debut a new SUV equipped with <a href="/company/huawei">Huawei’s</a> Qiankun ADS system and LiDAR. Slated for launch by year-end and priced at RMB 150,000–250,000, it will be Baojun’s priciest model to date, yet one of Huawei’s most affordable ADAS collaborations, as both firms test cost-performance limits in the EV market.

Beijing Hyundai, the joint venture between BAIC and Hyundai, has unveiled the Elexio, its first all-electric SUV built on the E-GMP platform. Featuring a 700-kilometer range, Haomo.AI driver assistance, and LLM-based voice control, the model targets China’s mainstream EV segment and is scheduled to launch in Q3 2025.

Vehicle shipments from <a href="/company/tesla">Tesla’s</a> Shanghai plant fell 6% YoY in April, marking a seventh consecutive monthly decline. In contrast, <a href="/company/byd">BYD</a> posted record sales and China’s NEV market grew 42%, underscoring Tesla’s mounting challenges amid fierce domestic competition and global backlash tied to CEO Elon Musk’s political profile.

Fintech startup Seedflex has raised USD 3.2 million in a seed extension round to scale its lending platform across Southeast Asia. Co-led by ZVC and Iterative, with backing from existing and angel investors, the funding will support its pay-as-you-sell credit model for MSMEs and fuel expansion beyond Malaysia, where it reportedly partners with over ten merchant ecosystems.

<a href="/company/shein">Shein</a> and <a href="/company/temu">Temu</a> reported US sales drops of 23% and 17%, respectively, in the week after raising prices to offset Trump-era tariffs. The declines follow the removal of a duty-free import loophole and a 145% tariff hike. Temu is shifting to local fulfillment, while Shein faces IPO delays amid pricing and regulatory pressure.

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Nuevocor has raised USD 45 million in a Series B funding round co-led by Kurma Partners and Angelini Ventures, with participation from EDBI, ClavystBio, Boehringer Ingelheim Venture Fund, Highlight Capital, and Seeds Capital. The funding will support clinical development of NVC-001, a gene therapy for LMNA-related cardiomyopathy, with trials set to begin in 2026 across sites in the US and Europe.

<a href="/company/geely">Geely</a> has announced plans to acquire the remaining 34.3% of Zeekr it doesn’t already own, offering a 13.6% premium in a deal worth about USD 2.2 billion. The move would delist Zeekr less than a year after its US IPO, amid trade tensions and policy shifts encouraging Chinese firms to return to domestic or Hong Kong markets.

<a href="/company/grab">Grab</a> has appointed advisors to explore a potential USD 7 billion takeover of Indonesian rival <a href="/company/goto">GoTo</a>, sources said, suggesting talks may be advancing. The deal would involve most of GoTo’s operations, excluding its finance unit, and could face regulatory scrutiny in Indonesia and Singapore, where a merger would significantly reshape market share.

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The guidelines aim to reduce the likelihood of scandals and help firms prepare for exits.

Southeast Asian VCs move to set startup governance standards

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With contingency plans and supplier alternatives lined up, Chinese automakers appear ready for the turbulence.

Trump’s new tariffs rattle supply chains, but China’s EV firms aren’t blinking

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Once mistaken for a foreign brand, Pelliot is now bound for an IPO as one of China’s top outdoor apparel labels.

Low-altitude tours surge in China over Labor Day

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Southeast Asian VCs move to set startup governance standards

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