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Xiaohongshu has launched a new share option buyback program, offering USD 25.50 per share for current employees and USD 21 per share for former staff.…

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<a href="/company/xiaohongshu">Xiaohongshu</a> has launched a new share option buyback program, offering USD 25.50 per share for current employees and USD 21 per share for former staff. The prices represent 85% and 70% of the company’s current USD 30 per-share valuation, respectively. This is the company’s third buyback since April 2024.

<a href="/company/xpeng">Xpeng</a> is in talks with Volkswagen and other automakers to acquire a manufacturing facility in Europe. Cheng Xiaoguang, its head for Northeast Europe, said the company is evaluating potential sites, adding that some existing Volkswagen facilities may not meet its future production requirements.

<a href="/company/minimax">MiniMax</a> has launched Mavis, a new mode for its desktop agent platform designed to handle complex, long-term tasks. The system uses a multi-agent architecture with distinct roles to improve task accuracy through internal checks. MiniMax also unified its token- and agent-based subscription plans, giving users more flexible access across its model ecosystem.

<a href="/company/dji">DJI</a> has launched the Pocket 4P, adding a three-times telephoto lens to its handheld gimbal camera series. The device features an analog joystick for more precise gimbal control and integrated live photo support. The update is intended to improve portrait and detail photography while preserving the Pocket series’ compact form factor.

Lin Junyang, the former technical lead of <a href="/company/alibaba">Alibaba's</a> Qwen, has launched a startup focused on world models and embodied intelligence. The company is seeking funding at a valuation of about USD 2 billion and has begun recruiting from <a href="/company/bytedance">ByteDance</a>, <a href="/company/tencent">Tencent</a>, and international firms.

<a href="/company/dreame">Dreame</a> will release its Aurora smartphone in the fourth quarter of 2026, with manufacturing handled by Nubia. The device will feature Qualcomm Snapdragon chips and run on Nubia’s MyOS operating system. Dreame plans a global launch and has set a domestic sales target of more than 100,000 units, offering models ranging from flagship versions to luxury custom editions.

<a href="/company/xiaomi">Xiaomi</a> said the SU7 ranked first in April sales of passenger vehicles priced above RMB 200,000, while the YU7 led national SUV sales from January to April. The company said both models are available for immediate delivery.

France’s consumer protection agency is urging stronger EU enforcement against <a href="/company/temu">Temu</a> and <a href="/company/shein">Shein</a> over high volumes of dangerous and noncompliant goods. Since April 2025, French authorities have removed more than 100,000 products from online marketplaces after finding that 46% of analyzed items failed safety standards, including fire-prone electronics and hazardous toys.

<a href="/company/miniso">Miniso</a> expects operating profit for the quarter ended March 31 to reach RMB 1.51–1.53 billion, up 113–116% YoY. The company also expects quarterly revenue to rise 28–29% to about RMB 5.68–5.73 billion.

Trip.com Group is partnering with the International Air Transport Association to pilot a digital identity initiative that allows travelers to use mobile wallet credentials for bookings. The project aims to reduce friction and errors by enabling users to autofill details through Apple Wallet or Google Wallet. Initial rollouts may include users in the US and the UK, with support from several major airlines.

Dongfeng Motor's Hong Kong unit has acquired 20.19 million H shares of Voyah Auto through the secondary market, raising the controlling shareholder’s total stake to 70.02%. Voyah Auto, which listed on the Hong Kong Stock Exchange on March 19, reported the transaction in a May 13 filing covering activity through May 12.

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

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It is getting more profit out of retail, even as quick commerce spending tests the limits of that improvement.

JD.com beats quarterly expectations, but food delivery keeps margins under pressure

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Alibaba, China’s e-commerce giant, operates online retail marketplaces, cloud computing services, and digital payment networks across Asia and beyond.

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Heavier spending has wiped the tech giant’s profit and pushed cash flow negative, even as AI demand continues to outstrip supply.

Alibaba’s AI cloud gains ask investors to look past profit decline

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

Games and advertising still fund the company’s next act, but investors are asking when AI will become more than a spending line.

Xiaohongshu starts share option buyback

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