Tobias

JD.com has entered the travel and hospitality market, launching the “JD Hotels PLUS Member Program” with commission-free services for hotels. The company aims to leverage its supply chain expertise and food delivery services, offering competitive pricing and eliminating bundled services. While initial airfare prices match competitors, hotel bookings show subsidy benefits. JD.com is also actively recruiting industry professionals to bolster this sector.

CNBC’s AI News discusses whether a $10,000+ monthly salary constitutes “high income”. While online discussions often skew perception, data reveals this income level places earners in a small percentage of the population. With the average disposable income far lower, particularly in rural areas, a $10,000 monthly salary significantly surpasses the earnings of most.

Xiaomi executive Lu Weibing’s comments during a live stream have ignited a debate in China’s appliance market. Instead of acknowledging Gree, a major competitor, Lu praised Midea and Haier, setting Xiaomi’s sights on joining them as a top player by 2030. This move, interpreted as a strategic avoidance of Gree, highlights Xiaomi’s growing influence through aggressive expansion, particularly in air conditioning and refrigeration, intensifying competition within the sector.

Xiaomi’s upcoming YU7 SUV will be a premium offering. Executives confirmed it won’t be a budget vehicle, emphasizing high-end features like LiDAR, an 800V architecture, and an impressive range. Comparisons to the SU7 Pro suggest a higher price point. The standard model boasts a CLTC range of 835km and 700 TOPS of computing power. Three versions are planned, including an extended-range, rear-wheel drive variant with significant upgrades over the SU7.

Xiaomi achieved record-breaking success during the 618 shopping festival, with total payments exceeding 35.5 billion yuan across all channels. Several Xiaomi smartphones and smart home appliances secured top positions in their categories on JD.com and Tmall. The company is also preparing for an end-of-June product launch featuring the YU7, MIX Flip 2, and other new devices, signaling further growth.

JD.com reported strong performance in the 2025 618 shopping festival. Preliminary data revealed over 2.2 billion orders processed, with user orders surging over 100% year-over-year. Consumer electronics and home appliances led market share, while FMCG, fashion, and beauty also performed well. JD’s livestreaming sales grew by 285%, with significant gains in new electronics and gaming consoles. The food delivery service also saw strong growth, exceeding 25 million daily orders.

Nintendo’s stock hit a two-month high, fueled by the successful launch of the Switch 2 and its safe-haven status amid market volatility. The new console sold over 3.5 million units in its first four days, surpassing the original Switch’s launch performance and setting a new company record. Analysts attribute this to strong hardware sales and the gaming sector’s resilience against trade tensions, impacting other Japanese gaming companies positively.

Travel influencer “Wan Nan Xiao Guoguo” (Jiang Xiaoyin) tragically died by drowning while filming drone footage at a scenic spot in Xuancheng, China. The popular creator, with 200,000 subscribers and over a million likes on his travel videos showcasing picturesque locations, was known for documenting and sharing regional attractions. His sudden death has deeply saddened his online community.

A recent CNBC AI News report details a sophisticated “smishing” scheme involving fraudulent online job ads used to lure victims into financial scams. A Shanghai man was tricked into sending RMB 50,000 cash. Law enforcement intercepted the funds and arrested the “driver” facilitating the transfer. These drivers, often recruited via seemingly legitimate job postings, unknowingly facilitate crimes and face serious consequences.

China Mobile Chairman Yang Jie outlined a future dominated by silicon-based AI at the 2025 Shanghai World Mobile Congress. He anticipates AI surpassing human numbers, becoming critical to the global economy. Highlighting AI’s capabilities and demonstrating economic benefits, Yang projects synergistic collaboration between humans and silicon entities, fostering new industries and driving unprecedented growth, ultimately shaping a new civilization.