Markets

DJI has secured a prime Shenzhen location for its global headquarters, winning the bidding for land in the super-headquarters zone for ¥2.287 billion. The facility, spanning 15,657.68 square meters, is slated to foster an intelligent aviation ecosystem and will exclusively house DJI and its affiliates for 30 years. The project is expected to generate substantial annual output and tax revenue, further solidifying DJI’s position in the global market.

Faraday Future announced the results of its Annual General Meeting, with shareholders approving key proposals including production of FX vehicles by late 2025. The company received shareholder support for financial health initiatives and strategic plans, including the FX Super One launch. The meeting also included the re-election of the board of directors and approval of share authorization. FF is aiming to have the first FX vehicle on the production line by the close of 2025.

In Chengdu, China, 4,000 drones created a “Starry Sky Story” showcasing the rise and fall of civilizations. Inspired by James Liang’s theories on population’s impact on nations, the performance highlighted the importance of generational knowledge transfer. Liang, a population economist and travel agency co-founder, advocates for policies to encourage childbirth, citing China’s abundance of production capacity but a shortage of children. He proposes governmental incentives to address this issue, aiming to boost fertility and consumer spending.

Honor CEO Li Jian announced the company’s entry into robotics, highlighting a prototype robot capable of 4 meters per second, potentially surpassing competitors like Unitree Robotics. This launch, backed by a $10 billion investment over five years, follows Honor’s “Alpha Strategy” focusing on AI and robotics. Subsidiaries like Guiyang and Harbin Xingyao Terminal Co., Ltd. have been established to support their robotics endeavors, indicating a growing trend in the smart hardware market.

Taysha Gene Therapies (TSHA) announced a public offering to raise approximately $200 million. The offering includes common stock and pre-funded warrants, priced at $2.75 and $2.749 per share respectively. This capital will advance Taysha’s CNS-focused gene therapy programs, targeting diseases like Rett syndrome with its AAV-based therapies. The deal is expected to close around May 30, 2025.

TSMC maintains that its advanced chipmaking roadmap, including the 1.4-nanometer (A14) process, doesn’t currently require High-NA EUV lithography. The company is prioritizing optimizing their existing EUV technology, achieving significant performance improvements using innovative designs like their second-generation nanosheet GAA, delaying the need for the costly high-NA systems. This strategy highlights TSMC’s focus on cost-effectiveness and technological innovation.

Elon Musk is stepping down as a Special Government Employee, citing a desire to focus on his businesses after his term ended. He expressed satisfaction with efforts to streamline government spending, despite facing bureaucratic challenges. Analysts suggest his departure is a graceful exit, and shareholders of Tesla will welcome his return. His work uncovered significant discrepancies, including irregularities in the Social Security system, exposing potential fraud and inefficiencies.

DeepSeek unexpectedly updated its R1 model, rather than releasing R2. This trial upgrade, accessible via their website and apps, maintains the existing API. Early tests of the open-source R1 (0528) version show significant improvements, especially in programming, now rivaling international standards. The updated model excels in varied tasks from web design to text processing, sometimes outperforming other models like Claude 4.

Rumble, the video platform, supports President Trump and Secretary Rubio’s efforts to restrict visas for those censoring Americans, aligning with its commitment to free speech. This follows Rumble’s lawsuit against a Brazilian Supreme Court Justice, alleging censorship of a US user’s account violating First Amendment rights. The company views the US stance as crucial in defending digital sovereignty and free expression against global overreach.

The widespread use of smartphones is bringing previously offline populations online, yet a digital literacy gap is emerging. A recent case in China illustrates this challenge. A 68-year-old man, misunderstanding a public video, believed an online personality was addressing him personally, leading to infatuation and preparations for a meeting. Local authorities intervened, educating the man about public content versus private communication, and resolving the misunderstanding.