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Xpeng shares in Hong Kong closed more than 10% higher at HKD 83.2 on May 12 after Chinese regulators accepted Xpeng AeroHT’s production certificate ap…

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<a href="/company/xpeng">Xpeng</a> shares in Hong Kong closed more than 10% higher at HKD 83.2 on May 12 after Chinese regulators accepted Xpeng AeroHT’s production certificate application for the X3-F flying car, initiating formal assessment for mass production. The AeroHT factory is 70% complete, with full construction expected by Q4 2025.

Sinovac Group and Brazil's Eurofarma have entered a strategic partnership to launch a vaccine production platform in Brazil. Endorsed by President Lula, the collaboration aims to manufacture vaccines locally, bolstering Latin American health security and strengthening regional public health infrastructure. The initiative marks a significant step in expanding vaccine accessibility across the Global South.

<p data-start="102" data-end="496">Midea Medical's subsidiary Wandong Medical, a leading Chinese medical imaging firm, has signed a joint venture agreement with Brazil's VMI Group to locally develop and manufacture MRI, CT, and catheterization lab equipment. Building on 15 years of collaboration, the partnership aims to strengthen Brazil's high-end medtech capabilities and drive expansion into the Latin American market.</p>

<a href="/company/huawei">Huawei</a> and Keppel have signed a non-binding MOU to co-develop renewable energy solutions focused on photovoltaic systems and battery storage. Projects will cover ASEAN power grids, low-carbon data centers, and hybrid energy platforms, with real-time optimization managed through Keppel’s ONC hub in Singapore. The partnership supports Singapore’s broader push for sustainable energy adoption.

<a href="/company/gac">GAC</a> confirmed plans to localize <a href="/industry/ev">EV</a> production in Brazil and launch a R&amp;D center in Sao Paulo during President Lula’s visit to China. New models including the Aion V and GS4 will debut at a May 23 event as GAC advances full-chain operations in Latin America.

China launched two direct international road freight routes to Hanoi on May 14, with convoys departing Nanning and Kunming under <a href="https://www.greatermekong.org/cross-border-transport-facilitation-agreement">CBTA</a> permits. The move marks the first time Chinese freight trucks enter Vietnam’s interior directly, cutting costs and transit time.

Chinese sellers reported a sharp rise in US reorders, with some merchants securing deals worth over USD 400,000 in a single day. While demand remains strong, exporters are also expanding into emerging markets to hedge risks. Experts urge SMEs to prepare for shifting compliance and logistics costs, while regulators pledge greater financial support for cross-border e-commerce.

Chinese food chain Shaxian Delicacies has opened a flagship location in Riyadh, its first in the Middle East. The launch marks a new milestone in the brand’s global expansion under the Belt and Road Initiative, which now reaches 79 countries.

Giant Network announced a deeper collaboration with <a href="/company/bytedance">ByteDance’s</a> Volcano Engine to enhance game design and interaction using AI. This includes the recent integration of the Doubao large model into its <em>Battle in Space</em> title, with plans to explore next-gen content and interfaces using Dreamina (Jimeng AI) and other tools.

Tencent Music reported Q1 2025 net income of RMB 4.29 billion, up 202% YoY, driven by a one-time investment gain and robust subscription growth. Total revenue rose 8.7% to RMB 7.36 billion, with paying users reaching 122.9 million and monthly ARPPU up 7.5% to RMB 11.4. Music subscription revenue climbed 16.6%, while social entertainment declined due to compliance adjustments.

<a href="/company/jd">JD.com</a> posted strong Q1 2025 results, with revenue rising 15.8% YoY to RMB 301.1 billion and net income surging 52.7% to RMB 10.9 billion. Growth was led by its core retail and logistics units, alongside new initiatives in food delivery and AI-driven healthcare. Operating profit rose 36% to RMB 10.5 billion, while adjusted EBITDA reached RMB 13.7 billion, beating market expectations.

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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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