Tobias

In Shenzhen’s gold market, “gold Labubu” accessories are booming, driven by young consumers. Retailers are selling phone charms, jewelry, and pendants, despite lacking authorization from the Labubu IP owner. This has prompted warnings of potential copyright infringement and unfair competition. Local authorities have announced inspections and will take action against unauthorized sales, leading some vendors to sell the items discreetly.

Hillhouse Capital is reportedly leading a potential acquisition of Starbucks China, with a management roadshow recently completed. Goldman Sachs values the business at $5-6 billion. The deal follows prior reports of Starbucks seeking strategic investors. Starbucks China generated $3 billion in revenue in 2024, but profit and growth slowed. The acquisition is driven by competition from domestic brands like Luckin Coffee, prompting Starbucks to expand into lower-tier cities and rural markets.

Romoss and Anker are recalling power banks due to potential fire hazards, following reports of overheating and ignition issues. Beijing universities had previously banned specific Romoss models after explosion incidents. Romoss attributes the problem to component defects, while Anker cites a faulty component from a vendor. The recalls impact the companies’ reputations and pose logistical challenges as major delivery services, like SF Express, refuse to ship the potentially dangerous devices due to safety concerns.

A Chinese artist’s Ultraman-inspired grotto, carved into a cliffside, ignited both online buzz and scrutiny. Documented in a viral video, the ambitious project sparked debate over cultural appropriation. Authorities in Sichuan Province, a historical stone carving hub, highlighted the need for regulatory compliance. This artistic endeavor highlights the interplay between creative expression, cultural heritage, and government regulations in China.

Meituan is restructuring its instant retail operations, expanding offerings while withdrawing from unprofitable regions. The company assures no layoffs for full-time employees and honors job offers to new graduates. Meituan Select is undergoing strategic upgrades, including exploring new retail models. Employee compensation and benefits remain unaffected. Service shutdowns are underway in several provinces due to regional business adjustments.

Shenzhen University, a hub of innovation, is utilizing laser education projectors to enhance its learning environment. These projectors offer short-throw capabilities for interactive lessons, high-definition images with long lifespans, and eye-friendly, wide-angle viewing. This technology is transforming classrooms, supporting dynamic teaching, and providing clear, accessible presentations for all students.

Xiaomi will launch its luxury YU7 SUV on June 26th, targeting the “elite” market. The SUV will feature advanced technology, including LiDAR, an 800V platform, a panoramic display, and a high-capacity battery. The YU7 aims to redefine intelligent SUV standards and rival high-end models, with a likely starting price above RMB 250,000, positioning it as a premium offering rather than a budget vehicle.

Tencent has received regulatory approval for “Tencent Brain Training,” its digital therapeutics software for mild cognitive impairment, marking its sixth medical device registration. This gamified software, prescribed by physicians, employs interactive tasks to enhance cognitive function, targeting the large population in China experiencing this condition. This non-pharmacological intervention aims to improve patient quality of life and potentially reshape treatment approaches for cognitive decline.

The 8th 616 Global Cross-Border E-commerce Festival in Shenzhen concluded, drawing 89,000 attendees. FlyPay, a leading payment service provider, showcased its global payment solutions, including one-stop integration and global receivables management. FlyPay received the “Sunshine Protection Award” for its comprehensive services and commitment to simplifying cross-border business for SMEs. The company plans continued innovation to enhance global payment experiences.

快手电商在618购物节期间实现了显著增长，得益于其全域增长策略。平台“货架”模式GMV增长53%，搜索驱动GMV增长143%。直播带货持续发力，带动内容生态GMV增长29%。中小企业销售额增长30%，高价商品销售额也大幅提升。 快手电商通过促销、补贴等方式大力扶持商家，促进平台整体业绩增长。