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Hong Kong's new stablecoin law is attracting interest from mainland firms, with expectations of increased tokenization projects as issuers must obtain licenses from the Hong Kong Monetary Authority. This regulatory framework aims to enhance market liquidity and position Hong Kong as a key player in global digital finance, while allowing flexibility compared to stricter regulations in other regions. The focus on real-world asset tokenization marks a shift towards practical applications of blockchain technology, appealing to institutions seeking innovation within a regulated environment.
Xiaomi CEO Lei Jun anticipates the company's electric vehicle (EV) division will achieve profitability by late 2025, despite a reported loss of 500 million yuan in Q1 2025. The EV segment generated 18.1 billion yuan in revenue, with the SU7 sedan gaining traction and a competitive gross profit margin of 15.4%. As government subsidies decline, Xiaomi's strategic focus on operational efficiency and integration with its smart device ecosystem positions it well in a challenging market.
Chinese EV manufacturers reported mixed sales for May 2025 amid a price war, with BYD leading at 376,930 vehicles sold, a 14.1% year-on-year increase. Leapmotor and Aito achieved record deliveries, while Xpeng and others showed modest growth. The industry is consolidating, with a shift towards plug-in hybrids as consumer preferences evolve.
iPhone shipments in China are expected to decline by 1.9% in 2025 due to increased competition from domestic brands and a slowing economy. Apple's market share fell from 20% in Q1 2023 to 16% in Q1 2024, as Huawei and others gain traction with advanced AI features and government subsidies favoring local manufacturers. This shift reflects a broader trend towards domestic brands in a maturing market, with Apple facing challenges in maintaining its premium pricing strategy amidst rising affordability and technological advancements from competitors.
Nissan's Dongfeng Nissan has achieved significant success in China's EV market with the launch of the N7 sedan, securing 17,215 firm orders within 35 days. Priced starting at RMB 119,900 ($16,650), the N7 features five variants and is built on the Tianyan architecture, catering to local consumer preferences. This model marks a notable comeback for joint-venture automakers in a competitive landscape increasingly dominated by domestic brands.
Chinese tea chain Chagee reported a 35.4% increase in net revenue for Q1 2025, reaching 3.39 billion yuan, with a net profit growth of 13.8% to 677.3 million yuan. Despite a 63.6% expansion in teahouses, average monthly GMV per location declined, indicating potential market saturation challenges. Rising operational costs and a strategic shift towards brand-building and merchandise diversification reflect the company's efforts to maintain profitability amid aggressive global expansion.
Sales of foreign-branded mobile phones in China, including Apple’s iPhones, saw a slight increase in April, rising to 3.52 million units. Apple, facing fierce competition from domestic brands, has implemented significant discounts on its iPhone 16 models, reflecting a shift in market dynamics and consumer preferences. Despite this uptick, the company continues to grapple with structural challenges, including declining market share and changing consumer value perceptions.
Apple has raised trade-in values for iPhones in China to combat declining sales amid fierce competition from local brands like Huawei and Xiaomi. The iPhone 15 Pro Max's trade-in value increased to 5,700 yuan ($791), while the iPhone 15 Pro's rose to 4,750 yuan ($659.33). Despite these adjustments, Apple faces challenges, including an 8% drop in shipments and a decrease in market share, prompting considerations to shift assembly to India and incorporate AI features through a partnership with Alibaba.
Huawei has introduced the MateBook Fold, featuring an 18-inch foldable display that offers a glimpse of what Apple's anticipated 18.8-inch foldable device might resemble. This versatile gadget can function as a tablet or laptop, boasting a slim profile of under 15mm when folded and 7.3mm when unfolded.Priced at $3,300 for the base model, the MateBook Fold showcases advanced folding mechanisms and software features, though its high cost raises questions about the pricing of Apple's forthcoming foldable devices.
Huawei has launched the Nova 14 series, starting at CNY2,699 (USD375), with Pro and Ultra versions priced at CNY3,499 and CNY4,199, respectively. Featuring HarmonyOS 5 and AI enhancements, the series aims to strengthen Huawei's mid-to-high-end market presence, particularly in China, while facing challenges in expanding its HarmonyOS ecosystem globally. Despite a 28% drop in net profit last year, the company sold over 100,000 Nova 13 units in Q1 2023, aided by a national consumer subsidy program.
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Hong Kong stablecoin regulation attracts interest from mainland financial institutions
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Xiaomi anticipates electric vehicle profitability by late 2025 amid market challenges
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nissan's n7 sedan achieves 17215 orders in first month in china
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Apple Increases iPhone Trade-In Values in China Amidst Rising Local Competition
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