Tobias

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。

Alibaba Group CEO announced Ele.me and Fliggy’s immediate integration into the China Digital Commerce Group, aiming to become a comprehensive consumer platform. While maintaining operational independence, they will align with the Group’s goals. This strategic move leverages the success of Taobao Flash Sale, which has seen significant growth and high fulfillment rates, especially during the 618 shopping festival. The consolidation is expected to enhance Alibaba’s consumer services and potentially reshape the retail landscape.

HFI Innovation, a MediaTek subsidiary, has sued five Huawei subsidiaries in Europe’s UPC, alleging infringement of a key LTE patent. This follows Huawei’s earlier lawsuits against MediaTek in China and the UK, along with counter-suits from MediaTek. The disputes involve 4G/5G patents and FRAND rate negotiations, highlighting the intensifying patent battles and the importance of intellectual property in the telecom industry.

Moonshot AI launched Kimi-Researcher, its first autonomous AI agent, currently in beta. Built on end-to-end agentic RL, Kimi-Researcher surpasses leading models like Claude 4 Opus and Gemini 2.5 Pro in internal tests, demonstrating strong autonomy and zero-structure adaptability. The agent independently manages research tasks, navigates conflicting information, and prioritizes accurate results. Moonshot AI plans to open-source key components to further accelerate advancements in agentic RL.

A video shows an SUV drifting recklessly on Xinjiang’s Sayram Lake grasslands, causing environmental damage. The incident, lasting about 40 minutes, resulted in turf tearing and soil compaction. Park officials have located the owner and will issue penalties, estimating damages between 70,000 and 200,000 yuan for ecological restoration. The event highlights the ongoing challenge of preserving fragile natural environments despite regulations against off-road activities.