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Top Pandaily News

MiniMax M1 Model Claims Chinese LLM Crown From DeepSeek

DeepSeek · China

MiniMax M1 Model Claims Chinese LLM Crown From DeepSeek

100% Center coverage: 3 sources

: China's 'little dragons' pose big challenge to US AI firms See the Story

Community Group Buying’s Decline: How Meituan Lost Its Grocery Gamble

Community Group Buying’s Decline: How Meituan Lost Its Grocery Gamble

What Is Community Group Buying and Why Did It Boom in China?Community group buying (CGB) refers to a model where residents in a neighborhood collectively purchase groceries and daily necessities at bulk discounts, with a local coordinator (a “group leader”) handling orders and next-day pickup for the group. This model took off spectacularly in China around 2018–2020, driven by the promise of ultra-low prices and convenience. Platforms eager to t…Read Article

From Robot Dogs to Humanoids: The Unlikely Rise of Unitree Robotics

Alibaba · Hangzhou

From Robot Dogs to Humanoids: The Unlikely Rise of Unitree Robotics

In June 2025, Unitree Robotics completed its latest Series C financing round, drawing investments from prominent Chinese tech giants including Tencent, Alibaba, Ant Group, China Mobile, and Geely, pushing its valuation beyond $1 billion. Just months earlier, in February, a troupe of life-sized robots spun and leapt across China’s biggest televised stage, dancing in sync with human performers at the annual Spring Festival Gala . The humanoid mach…Read Article

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

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

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.IPO · China See the Story

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.Donald Trump · 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

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-…Electric Vehicles · China See the Story

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

58% Center coverage: 17 sources

DeepSeek · China See the Story

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