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Top Pandaily News

Labubu: The viral monster toy taking over Canada

Donald Trump · China

Labubu: The viral monster toy taking over Canada

38% Right coverage: 8 sources

Labubu, the mischievous, pointy-toothed monster from Chinese toy company Pop Mart, is no longer just a viral sensation – it’s a full-blown cultural phenomenon.See the Story

Xiaomi’s EV Business Set to Turn Profitable Later This Year, CEO Reveals

Electric Vehicles · China

Xiaomi’s EV Business Set to Turn Profitable Later This Year, CEO Reveals

Coverage: 7 sources

Xiaomi chief executive Lei Jun expects the company’s electric vehicle business to break even during the third or fourth quarter of this year as its sales continue to grow and its losses narrow, Chinese media outlet The Paper reported on Tuesday. Lei’s comments came after Xiaomi last week reported a gross margin of 23.2% for its smart EVs, AI, and other new businesses in the January-March quarter, with the unit’s operating loss narrowing quarter-…See the Story

Founder Of Chinese Camera Maker Insta360 Becomes A Billionaire Upon IPO

Founder Of Chinese Camera Maker Insta360 Becomes A Billionaire Upon IPO

83% Center coverage: 6 sources

At age 33, Liu Jingkang has earned a fortune of $2.7 billion by selling 360-degree action cameras.See the Story

Woes continue for Neta, with automaker now set to enter bankruptcy reorganisation in China

The troubles reportedly surrounding Neta continue, with a news report from China indicating that the electric vehicle maker is reportedly set to commence bankruptcy reorganisation proceedings today, June 12, CarNewsChina reported, citing TMTPost. Supposedly, this comes after a video began circulating online yesterday, showing employees confronting Neta chairman Fang Yunzhou about overdue wages at the company’s new Shanghai office. In the video, …Wages · Shanghai See the Story

Executive View: Payments innovation in the automotive industry

Open banking will provide a useful solution for franchised dealer groups which are reliant on expensive and inefficient card payments and bank transfers, argues Cian O’Dowd, co-founder and chief operating officer of Atoa, an FCA authorised payment institution.Auto · China See the Story

Looking At NIO's Recent Unusual Options Activity - NIO (NYSE:NIO)

Coverage: 2 sources

Nio (NIO 6.94%) reported fiscal 2025 first-quarter earnings on June 3, 2025, delivering 42,094 vehicles in the first quarter, up 4.1% year over year and total revenue (GAAP) of RMB 12 billion, up 21.5% year over year and down 38.9% quarter over quarter. Vehicle gross margin (GAAP) reached 10.2%, and management reaffirmed its delivery guidance of 72,000–75,000 units for the second quarter, with targets for breakeven and double-digit gross margin …Finance See the Story

Leapmotor: China’s Quiet Champion in the EV Race

China’s electric vehicle market has a new surprise leader. Leapmotor (零跑汽车), a relatively low-profile EV startup from Hangzhou, has suddenly surged ahead of more famous peers. In the past few months, Leapmotor has consistently outsold better-known brands like Nio, Xpeng, and Li Auto – marking an extraordinary turn in China’s EV boom. How did this underdog rise to the top? A mix of humble beginnings, affordable models, vertical integration, and a…Hangzhou · Hangzhou Read Article

China’s DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI

58% Center coverage: 17 sources

DeepSeek · China See the Story

International intangible cultural heritage festival opens in Chengdu

100% Left coverage: 1 sources

On May 28, the 9th International Intangible Cultural Heritage Festival Chengdu, China (hereinafter referred to as the ICH Festival) opens at the Chengdu International Intangible Cultural Heritage Expo Park. Running through June 3, the event spans bothTourism · Chengdu See the Story

派早报：一加 Ace 5 至尊系列发布等

一加发布Ace 5系列两款机型及多款配件；苹果分享年度App Store反欺诈报告；Arc浏览器考虑出售或开源；李未可推出AI智能眼镜及大模型；任天堂与平台合作打击NS2不正当交易；网信办加强「开盒」问题整治；少数派WWDC25线下活动开启。China · China See the Story

Tesla Model Y Faces Major China Challenge

56% Left coverage: 16 sources

The Model Y is Tesla Inc.’s (NASDAQ: TSLA) best-selling vehicle. Its U.S. base price of $44,990 makes it affordable compared to many other electric vehicles (EVs). The latest version is not available in the United States yet. However, it should win Tesla customers elsewhere, both those who own the Model Y now and those who might buy one. China’s Xiaomi, a large consumer products company, has introduced a direct competitor. Its new YU7 may even b…Electric Vehicles · China See the Story

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