Tobias

Xiaomi’s YU7 vehicle launch saw phenomenal success, with pre-orders reaching 289,000 units within an hour, mirroring its smartphone sales strategy. Following the launch, Xiaomi’s stock price surged over 5%, hitting a record high of HK$61.45, reflecting a significant recovery from earlier setbacks. This explosive debut highlights Xiaomi’s resilience and its growing presence in the automotive market.

A recent report tested claims that lychees could trigger false positives on breathalyzer tests. Results showed brief, elevated readings after lychee consumption, potentially reaching within legal DUI limits. However, these effects quickly subside, returning to near-undetectable levels within minutes. Authorities advise retesting if a false positive is suspected, as similar issues can be caused by other foods and products.

Hurun’s 2025 Global Unicorn Index reveals record-breaking growth, with 1,523 privately held companies valued over $1 billion. The US leads with nearly 50% of the unicorns, followed by China. Software & services dominate, particularly in fintech and AI. SpaceX takes the top spot, followed by ByteDance and OpenAI, highlighting trends in space exploration and artificial intelligence. AI-related unicorns are particularly prominent, with a combined valuation of nearly $1 trillion.

Honor Device Co., Ltd. has initiated its IPO on the A-share market, filing for guidance with the CSRC. The company restructured to a joint-stock entity in late 2024, a key step towards public listing. Shenzhen Zhixin New Information Technology Co., Ltd. holds a controlling stake. With the backing of multiple investors including China Mobile and China Telecom, Honor aims to fuel its strategic growth through public markets.

Xiaomi, under Lei Jun, accepted Tesla’s challenge to compare its YU7 with the refreshed Model Y. Acknowledging the Model Y’s market dominance, Lei Jun embraced the competition, emphasizing Xiaomi’s competitive spirit. This comes after Tesla’s recent Model Y upgrades, including aesthetic and comfort enhancements.

Huawei’s Pura 80 Ultra launched to overwhelming success, selling out immediately. CEO Richard Yu confirmed “explosive” initial sales driven by high demand, prompting efforts to replenish stock. Early reviews praise the phone’s cutting-edge imaging system, particularly its unique “one-lens, dual-eye” telephoto setup and impressive durability features like Kunlun Glass. The device’s advanced specifications mark a significant advancement in mobile photography.

Xiaomi launched a slew of new products at its ecosystem event, with the MIX Flip 2 foldable phone being the highlight. President Lu Weibing aimed to redefine industry standards with its minimized crease, achieved through a new hinge design and a resilient 6.86-inch flexible glass screen. He also subtly criticized competitor models, highlighting superior features found in other Xiaomi products.

Lemon prices are soaring, with triple-digit increases reported in China. Wholesale prices have surged significantly due to increased demand, export volumes, and crop issues. This rise impacts both consumers and beverage businesses, with tea shops facing losses on lemon-infused drinks. Retail prices reflect this trend, and the high costs are projected to persist through summer.

Ubtech Robotics condemns third-party vendors modifying its robots. These vendors are integrating unauthorized AI into discontinued products, leading to aggressive and inappropriate behavior in live demonstrations, primarily on platforms like TikTok. Ubtech cites these modifications mislead consumers while posing risks to data security, consumer privacy, and contradicting its product design principles.

After 22 years, the PNG image format is getting a major upgrade with version 3.0. The revamp introduces APNG for animated images, HDR support for enhanced visuals, and Exif metadata integration. This update builds on the APNG format pioneered by Mozilla, offering dynamic capabilities while retaining PNG’s core structure. The new specification signifies a move toward modern image display and functionality.