Pony AI records 129% jump in 2025 robotaxi revenue
Hong Kong-listed Pony AI Inc. reported a 129% revenue surge in its robotaxi business to 116 million yuan in 2025. The autonomous driving company’s total revenue grew 20% year-on-year to 629 million yuan, marking its fourth consecutive year of growth, according to a Thursday filing. In the fourth quarter of 2025, robotaxi revenue soared 160% to 46.6 million yuan, with passenger fare income jumping more than 500%. As of March, Pony AI’s robotaxi fleet exceeded 1,400 vehicles, with plans to expand it to over 3,000 by the end of the year.
Meituan swings to 2025 net loss on bruising delivery war
Chinese food delivery giant Meituan swung to a staggering net loss of 23.4 billion yuan ($3.4 billion) in 2025, reversing a profit from the previous year as a blistering domestic price war and aggressive overseas expansion took a heavy toll on its bottom line. The results highlight the rising cost of defending market share in China’s crowded delivery market and the risks Chinese internet companies face as they push into new markets for growth.
Metax doubles revenue amid push for domestic chips
Chinese chipmaker MetaX Integrated Circuits Shanghai Co. Ltd. (688802.SH) said revenue more than doubled in 2025, driven by strong sales of its graphics processing units as Chinese firms look for alternatives to U.S. technology constrained by export controls, according to the company’s first annual report since its IPO. MetaX also said its next-generation C600 training-and-inference GPU uses an “all-domestic” manufacturing process and is expected to enter mass production and generate sales in the first half of 2026.
China Mobile reports slowing revenue and profit growth
China Mobile Ltd. saw both revenue and profit growth slow in 2025, displaying a sluggish performance. The telecom giant reported full-year operating revenue of 1.05 trillion yuan, up 0.9% year-on-year, decelerating from growth rates of 3.1% in 2024 and 7.7% in 2023, according to its earnings report released Thursday. Net profit attributable to shareholders dipped 0.9% from 2024 to 137.1 billion yuan, while basic earnings per share declined 1.6% to 6.35 yuan.
Taobao and Tmall to launch AI-powered business manager for merchants
Alibaba Group Holding Ltd.’s e-commerce platforms Taobao and Tmall will launch an AI-powered business manager, according to a company statement on Thursday. Utilizing AI agents, the tool will upgrade operational processes such as customer service, new product development and coupon distribution, enabling around-the-clock store management.
