Markets

KellyOCG + Sevenstep received

During a visit to China, Nvidia CEO Jensen Huang praised Xiaomi’s hardware and technology, expressing a desire to own their car, while also acknowledging Huawei’s strong engineering and cloud capabilities. He highlighted China’s advancements in AI, particularly the breakthroughs by companies like DeepSeek and their open-source inference model. He also mentioned Apple’s AI capabilities and his preference for Pixel phones’ pure Android experience.

At ATC Intelligent Cockpit Week 2025, Koogeek Tech presented its AI agent platform ecosystem for the automotive sector, shifting from command execution to proactive need fulfillment. Their “1+N” agent platform redefines HMI, transforming the smart cockpit into a “third living space” that anticipates user needs via a Super Agent (“1”) and specialized agents (“N”). This platform, backed by extensive data, supports full-stack integration or selective feature additions, fostering an open ecosystem and enabling personalized and intuitive in-car experiences. Koogeek aims to enable automakers to create smarter, collaborative human-vehicle interactions.

Glenbrook Capital, a Tejon Ranch shareholder, is questioning the sudden departure of CFO Brett Brown, citing a lack of transparency from the board. Glenbrook’s Chairman, Grover Wickersham, expressed concerns over the inadequate disclosure surrounding Brown’s exit, urging independent directors to provide a full explanation. The fund also reiterates its support for a shareholder proposal allowing shareholders owning 10% of shares to call a special meeting, aiming to restore trust and accountability.

Kimi’s K2 model launched with open-source architecture and disruptive pricing, claiming superior code generation to Claude Sonnet4. Dangbei AI, a Chinese AI platform, is among the first to integrate K2 into its “super AI toolbox,” complementing DeepSeek R1-0528 and Doubao Large Model 1.6. K2’s strengths include its accessible architecture and low cost (4 yuan per million tokens). Dangbei AI’s integration strategy focuses on comprehensive scenario coverage with seamless model switching and end-to-end solutions, alongside features like no-login access and incognito mode.

At the China International Supply Chain Expo, Qualcomm showcased 40 years of innovation, highlighting advancements in 5G-A, on-device AI, and collaborations across various sectors. Demonstrations featured Snapdragon-powered devices, including smartphones, PCs, and XR headsets, emphasizing generative AI applications. The company also displayed automotive solutions and IoT applications using the Qualcomm QET1100 platform. Qualcomm reaffirmed its commitment to working with Chinese partners to drive digital transformation and intelligent connectivity across industries.

NVIDIA CEO Jensen Huang addressed the China International Supply Chain Expo in Mandarin, marking his first public speech in the language. He discussed NVIDIA’s history, its pivotal role in AI development through GPUs and accelerated computing, and its partnerships with Chinese companies. Huang highlighted the transformative impact of AI, particularly in China, across various industries and its contribution to open-source models. He emphasized AI’s role as future infrastructure, driving a new industrial revolution and growth opportunities for China’s supply chain. He also switched from a Tang suit to his signature leather jacket during the event.

JD.com’s food delivery service has replaced its “20-Minute Late, Free Order” guarantee with a ¥4 coupon for delays exceeding 20 minutes. JD.com cites improved on-time delivery performance as the reason for the change and has also lowered the compensation threshold with a new “On-Time Guarantee,” offering compensation for delays beyond 10 minutes. A full-visibility map for order tracking has been integrated. Consumer reactions are understanding, with some showing concerns about delivery riders’ well-being.

Despite lower per capita milk consumption compared to other nations, China’s dairy industry has rapidly modernized, closing a century-long gap with developed countries in just two decades. Chinese milk quality now meets or exceeds EU standards, with production reaching 42 million tons in 2023. However, consumption remains low due to dietary habits and lack of awareness, with over a billion Chinese not consuming milk daily. This presents a significant growth opportunity alongside consumer education challenges for the domestic dairy market.

Amidst a severe heatwave in China, online debate questions the accuracy of local weather reports, with users claiming underreporting of temperatures. A meteorological engineer refuted these allegations, emphasizing a stringent scoring system incentivizing accurate forecasts. Discrepancies between official readings and perceived heat arise from standardized measurement environments in open, grassy areas, differing from public exposure on surfaces like asphalt, which incorporate factors such as humidity and direct sunlight.