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Horizon Robotics plans to raise HKD 4.67 billion through a top-up share placement to support business expansion and R&amp;D. The self-driving chipmake…

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Horizon Robotics plans to raise HKD 4.67 billion through a top-up share placement to support business expansion and R&amp;D. The self-driving chipmaker will sell 681 million shares at HKD 6.93 each, with support from existing investors and placement agents Goldman Sachs, Morgan Stanley, and UBS, amid bullish sentiment in Hong Kong.

Transsion’s Tecno has partnered with Spanish distributor MCR to roll out its AIoT product line, including laptops, gaming PCs, and smart wearables. The deal grants access to a 10,000-strong distributor network and advanced logistics, supporting Tecno’s push into the European market.

<a href="/company/tiktok">ByteDance's</a> TikTok surpassed one billion overseas monthly users in May, according to Sensor Tower. <a href="/industry/ai">AI-powered tools</a>, <a href="/industry/e-commerce">e-commerce</a> platforms, and short drama apps also gained in Southeast Asia and Latin America, driven by localized content and enhanced recommendation algorithms.

Nearly half of China’s listed supermarket chains posted losses in 2024, with over 900 store closures as firms scrambled to adapt. While Walmart and Sam’s Club bucked the trend, others launched aggressive overhauls, adopting leaner models and benchmarking top performers to stay competitive.

Once discontinued, peel-apart film is making a comeback in China as Gen Z consumers embrace its rarity and vintage aesthetic. Promoted by celebrities and photo studios, the unpredictable medium now commands steep prices, with some paying over RMB 900 for just three shots, despite expired stock and no option for reshoots.

Meta has reportedly taken a 49% non-voting stake in Scale AI for USD 14.3 billion and brought CEO Alexandr Wang onto its <a href="http://industry/ai">AI</a> team. The move bolsters Meta's "superintelligence" ambitions as it works to close gaps with <a href="/company/openai">OpenAI</a> and Google after underwhelming model releases.

Douyin E-commerce has updated its deposit policy to lower onboarding costs, offering zero-deposit entry for new sellers and cutting existing deposit tiers by up to 75%. Deposits apply only after 200 orders or RMB 10,000 in sales, and merchants may now withdraw excess balances on a weekly basis.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said autonomous vehicles, robotics, and machines are set to surge this decade, calling it a defining era for autonomous tech. Speaking at the Viva Technology conference in Paris, Huang noted Nvidia’s role in the space, supplying both hardware and software to players in the sector.

US President Donald Trump said on June 12 that he may raise tariffs on imported cars, arguing that higher rates would encourage automakers to expand US production. He cited recent commitments from GM and Hyundai as evidence the strategy works. Industry players have pushed back, with Ford and Subaru warning of rising costs, while GM has estimated USD 4–5 billion in tariff exposure.

<a href="/company/bytedance">ByteDance</a> and SenseTime have unveiled a new round of <a href="/industry/ai">AI</a> upgrades. ByteDance launched the Doubao 1.6 series with multimodal reasoning and cut token prices by over 60%, while SenseTime enhanced its chatbot Sensechat with real-time video, audio, and visual reasoning capabilities. The rollout follows recent updates from <a href="/company/deepseek">DeepSeek</a>, <a href="/company/baidu">Baidu</a>, and <a href="/company/alibaba">Alibaba</a>.

<a href="/company/leapmotor">Leapmotor</a> CEO Zhu Jiangming said the company will steer clear of <a href="/industry/ev">EV</a> price wars, calling recent discounts more promotional than structural. Backed by strong cost control and stable pricing, Leapmotor is targeting 50,000–80,000 overseas sales this year and plans to ramp up local production in Europe. The EV maker is expanding globally, having recently <a href="https://www.kr-asia.com/pulses/154528">opened its first store in Hong Kong</a>.

Europe

The EU bloc and Beijing step up talks, though analysts remain doubtful of any major breakthroughs.

EU pushes for China trade "rebalancing" as Trump factor looms

EU pushes for China trade &#8220;rebalancing&#8221; as Trump factor looms

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

Explore East Asia’s thriving tech hubs, global electronics producers, and fast-evolving digital platforms shaping cross-border innovation.

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Tencent, a Chinese tech conglomerate, invests in gaming, social media, and cloud services, supporting entertainment and connectivity worldwide.

After four aborted IPO attempts and a brief return to profitability, Ximalaya is being absorbed by Tencent.

Ximalaya’s swan song plays out in a USD 2.9 billion Tencent buyout

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How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

While robots grab the spotlight, component makers like ZeroErr are quietly benefiting from the surge in demand.

Horizon Robotics plans HK share sale

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EU pushes for China trade “rebalancing” as Trump factor looms

Ximalaya’s swan song plays out in a USD 2.9 billion Tencent buyout

Behind the robotics boom, ZeroErr raises funds to build the parts that power it