Markets

Xiaomi’s SU7 Ultra features a premium carbon fiber hood, showcasing meticulous engineering and quality. Crafted with aviation-grade materials and a complex layering process, the hood enhances aerodynamics and withstands high speeds. The dual-channel hood upgrade, priced at approximately $5,800 USD, includes performance gains combined with weight reduction. This demonstrates Xiaomi’s capability to compete in the premium EV market.

Zhou Jingming, formerly known as “Zhuque Xuanwu Chiling,” has changed his name, seeking a more conventional identity and a simpler life. The shift reflects a desire to fit in and stems from practical difficulties associated with his previous, complex moniker. He chose “Zhou” to honor his mother and “Jingming” from the idiom “chun he jingming,” hoping for tranquility.

Zhaoxin, a key player in China’s silicon arena, and Kylin Software, a leading operating system provider, have formed a strategic alliance. This collaboration aims to optimize computing infrastructure through full-stack integration, improving performance, and bolstering AI application support. Zhaoxin’s CPUs are now fully compatible with Kylin, which are set to be deployed in numerous Zhaoxin-based systems. Zhaoxin’s IPO on the STAR Market is poised to raise significant funds for further development.

Caldwell, the executive search firm, expands its expertise in board governance and financial services with the addition of Simon Hall and Michelle De Biolley. Hall, specializing in Board & CEO and Financial Services, brings three decades of global experience. De Biolley, with over twenty years in investment banking, private banking, and private equity, also joins the firm. The move aims to strengthen Caldwell’s talent and support clients’ needs.

The “Global Unicorn Enterprise Development Report 2025” reveals a booming unicorn market in 2024, with 1,212 companies globally, valued over $3.6 trillion. TikTok leads as the highest-valued unicorn. China ranks second with 372 unicorns, totaling $1.225 trillion in valuation. The report highlights industry trends, emphasizing FinTech and AI, and analyzes founder backgrounds, with masters degrees being the most common.

CNBC AI News reports on a discussion between Geely Chairman Li Shufu and Unitree Robotics founder Wang Xingxing about AI-era talent cultivation. The dialogue, their first public meeting, centered on defining and achieving personal success. Wang emphasized self-discovery and pursuing passions, while Li stressed the importance of direction and contributing to the world. Both leaders offered insights on pathways to fulfillment and legacy in a rapidly evolving technological landscape.

111, Inc. reported Q1 2025 results, highlighting maintained quarterly operational profitability and positive cash flow. Net revenues remained flat at RMB3.5 billion, while operating expenses saw a 4.8% decrease, and operating expenses as a percentage of revenues decreased by 30 basis points YoY.

Olympic swimmer Sun Yang was recognized while buying a rare Bandai RX-0 Unicorn Gundam bust on China’s Xianyu marketplace. The collectible, originally worth around $350, now trades for $360-$530. This purchase sparked discussion about collecting trends, contrasting Sun’s choice with the volatile market surrounding Labubu blind boxes, which have experienced a significant price correction after initial hype.

Patagonia, known as “the Gucci of the outdoors,” is highly sought after for its quality and environmental commitment. Its popularity led to stockouts during the 618 sales event, even with discounted prices. They achieved this by leveraging sourcing and logistics advantages, offering products like the iconic white logo tee. The sale, featuring items like tees and jackets, continues through July 1st.

Meng Yutong reflects on her post-graduation career and life choices in a recent video. Despite criticism suggesting wasted potential, she expresses confidence in her decisions, emphasizing her ambition and values. A successful live stream on May 23rd, featuring career guidance, highlighted her composure. Another live stream on June 10th drew further attention, solidifying her ongoing presence.