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CPCA data: In May 2026 estimated wholesale and retail volumes of domestic new-energy passenger vehicles reached 1.36 million units, up more than 11% YoY and MoM, marking double‑digit growth and initial signs of sector recovery. Shipping disruptions i

2026-06-02

CPCA data: In May 2026 estimated wholesale and retail volumes of domestic new-energy passenger vehicles reached 1.36 million units, up more than 11% YoY and MoM, marking double‑digit growth and initial signs of sector recovery. Shipping disruptions in the Strait of Hormuz prompted two domestic retail prices hikes for refined fuels, lifting pump prices by about 400 yuan/ton cumulatively; higher operating costs for gasoline vehicles are weighing on ICE demand and keeping the overall auto market under pressure while making new-energy vehicles the primary growth driver.

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2026-06-02

Hong Kong equities closed higher: Hang Seng Index +2.52%, Hang Seng Tech Index +4.72%; turnover HK$373.8 bln. Tencent (00700.HK) closed up 10.46% after reports it is close to launching a WeChat AI assistant. Meituan (03690.HK) rose 9.27% Following it

Hong Kong equities closed higher: Hang Seng Index +2.52%, Hang Seng Tech Index +4.72%; turnover HK$373.8 bln. Tencent (00700.HK) closed up 10.46% after reports it is close to launching a WeChat AI assistant. Meituan (03690.HK) rose 9.27% Following its results; Alibaba (09988.HK) and JD (09618.HK) gained more than 6%. Autos were strong: NIO (09866.HK) closed nearly 9% higher, while BYD (01211.HK), XPeng (09868.HK) and Li Auto (02015.HK) all rose over 5%.
2026-06-02

Kuaishou said in its 2025 corporate social responsibility report that as of end-2025 the platform generated 48.6 mln jobs: 26.0 mln directly, 15.48 mln via its commercial ecosystem and 7.12 mln via its content ecosystem. The company said it has cumul

Kuaishou said in its 2025 corporate social responsibility report that as of end-2025 the platform generated 48.6 mln jobs: 26.0 mln directly, 15.48 mln via its commercial ecosystem and 7.12 mln via its content ecosystem. The company said it has cumulatively created 189 new occupations, 15 of which it attributes to AI development, including AIGC application specialists, prompt engineers, AI directors and artificial intelligence trainers.
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