Lei Jun is reported to have invested in the gold and jewelry retailer Baolan.

Gelonghui, December 12 | According to media reports, Baolan, a high-end gold and jewelry brand based in Hangzhou, has recently completed an over RMB100 million Series A round of financing. The investors include VC Challenger led by Tang Binsen, founder of beverage company Yuanqi Forest, global luxury giant Kering, and Shunwei Capital under Lei Jun, Chairman of Xiaomi Group. Reportedly, Baolan’s per-gram price has approached RMB2,000, on par with Laopu Gold (6181.HK), and the company has raised prices twice this year. Analysts believe that competition in the “ancient method gold” segment has become extremely intense, with growing risks of homogenization, posing significant challenges for Baolan in building a unique brand identity. Baolan was founded in...

Gelonghui Finance26minutes ago

Repurchase Roundup on December 11 | Tencent, Xiaomi Group-W, and others executed share buybacks, with Tencent spending HKD 636 million.

According to a disclosure document released by the Hong Kong Exchange on December 12, companies such as $Tencent(00700.HK)$ and $Xiaomi Group-W(01810.HK)$ repurchased shares. ① $Tencent(00700.HK)$ repurchased 1.054 million ordinary shares on December 11, involving an amount of HKD 636 million, with the repurchase price per share ranging between HKD 611 and HKD 599.5. Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 89.367 million shares, representing 0.973% of the total number of shares issued at the time of the ordinary resolution. ② $Xiaomi Group-W(018

Futu News09:30

Xiaomi × Sei Sparks a Global Web3 Entry Revolution: A Super Channel for Cultural Assets to Go Global

Hardware globalization × On-chain globalization × Cultural globalization — All Things Flower has become one of the most certain brands for 'national cultural assets going global.'

Jinse Finance08:15

Sei Wallets in Xiaomi, Bhutan's Gold on Solana: Asia Express

Cointelegraph08:00

Cui Dongshu of the China Passenger Car Association (CPCA) forecasts that this year’s automobile trade-in program will reach a scale exceeding 180 billion yuan.

Cui Dongshu, Secretary General of the China Passenger Car Market Information Joint Conference, wrote that the scale of automobile trade-in programs in 2025 is expected to exceed RMB 180 billion. Combined with a 10% purchase tax incentive for new energy vehicles, the total amount of annual tax exemptions and subsidies will approach RMB 400 billion, significantly driving stronger-than-expected growth in the auto market. Cui Dongshu pointed out that the tax reduction benefit for purchasing new energy vehicles in 2025 will reach a sales volume 22% higher than in 2024, corresponding to more than RMB 200 billion in tax relief. In 2026, this preferential tax rate will decrease from 10% to 5%, reducing the tax exemption benefit by approximately RMB 100 billion, sharply increasing pressure on auto market growth. Cui Dongshu also stated,

AASTOCKS07:46

Sei Partners With Xiaomi For Pre-Installed Mobile Stablecoin Payment App

Coinspeaker03:26