Morning Briefing | Xiaomi’s Lu Weibing: Large New Car to Launch in the Second Half of This Year / Alipay Launches World’s First Token Pay Service / Didi Crashes, Official Apology Issued

Xiaomi MiMo-V2.5 series API permanent price reduction, with a maximum reduction of 99%.

Early this morning, Xiaomi Technology announced a permanent price reduction for its MiMo-V2.5 series APIs, with a maximum reduction of 99% compared to the original price, and the price will no longer be differentiated based on the context window length.

The MiMo-V2.5-Pro ​​input cache hit price has decreased from ¥2.80/million tokens in the ≤256k window to ¥0.025, a decrease of approximately 99%; the input cache miss price has decreased from ¥7.00 to ¥3.00, a decrease of approximately 57%; and the output price has decreased from ¥21.00 to ¥6.00, a decrease of approximately 71%.

At the same time, the Token Plan billing system has been optimized, with the pricing remaining unchanged, but the available tokens have increased to 5 to 8 times. The MiMo-V2.5 Standard Edition (¥99) plan has upgraded its available tokens from 200M to 1300M, and the Pro plan (¥329) has upgraded from 700M to 4700M.

In addition to the price reduction, Xiaomi also announced the early conclusion of its "Trillion Token Creator Incentive Program." Launched on April 28th, the program had distributed all 100 trillion tokens as of 16:08 Beijing time on May 26th.

QuestMobile: AI-native apps reach 461 million monthly active users.

Research firm QuestMobile released a report yesterday on AI platform adoption logic and source preference. The report shows that as of April 2026, the monthly active user base of AI-native apps reached 461 million, with an average of 91 uses and 180 minutes of usage per user per month.

The report also mentioned that the average monthly usage time per user for Doubao and DeepSeek was 144.6 minutes and 109.5 minutes, respectively, representing year-on-year increases of 80.6% and 106.9%.

Related reading: Stop mindlessly filling up your pockets with stuff! A real-world test of five domestic AI apps, and the strongest one is…

Xiaomi reported revenue of 99.1 billion yuan and adjusted net profit of 6.072 billion yuan in the first quarter.

Xiaomi Group released its financial report for the first fiscal quarter of 2026 yesterday. Total revenue for the quarter was 99.1 billion yuan, a year-on-year decrease of 10.9%; net profit attributable to shareholders was 4.723 billion yuan, a year-on-year decrease of 56.76%; adjusted net profit was 6.072 billion yuan, a year-on-year decrease of 43.1%. Breaking it down by segment:

• Revenue from the mobile phone × AIoT segment was RMB 79.3 billion, a year-on-year decrease of 14.5%, with a gross profit margin of 22.5%.
• Revenue from innovative businesses such as smart electric vehicles and AI reached RMB 19.9 billion, a year-on-year increase of 6.9%, with a gross profit margin of 20.1% and an operating loss of RMB 3.1 billion.
• The overall gross profit margin in the first quarter was 22.0%, a decrease of 0.8 percentage points year-on-year and an increase of 1.2 percentage points quarter-on-quarter;
• Xiaomi MiMo-V2.5-Pro ​​ranked first globally in both the comprehensive intelligence index and the agent index of the Artificial Analysis list, and will invest 60 billion yuan in the field of AI over the next three years.

During the earnings call in the evening, Lu Weibing, president of Xiaomi Group, officially announced that a large new car built on a brand-new platform will be launched in the second half of this year, with multiple models planned, calling it "very innovative" and "very competitive".

At the meeting, Lu Weibing explained the reasons for the decline in YU7 sales: on the one hand, the long delivery cycle caused some users to switch to competing products; on the other hand, there were deficiencies in the initial product line planning, and the absence of an entry-level standard version resulted in insufficient appeal to commuters in central cities.

To this end, Xiaomi launched the YU7 standard version and the high-performance YU7 GT version, using a "low-end and high-end" strategy to complete its product matrix. He stated that current feedback from store test drives and pre-orders is positive, and he remains confident in achieving the annual delivery target of 550,000 vehicles.

Regarding its overseas expansion plans, Lu Weibing revealed that Xiaomi Auto plans to launch its overseas expansion in the third or fourth quarter of next year, starting with Europe. The strategy will be phased, prioritizing developed countries over developing countries, high-end products over mid-range products, and right-hand drive vehicles over left-hand drive vehicles. Preparatory work is currently underway.

Didi experiences system malfunctions in multiple locations across the country

According to Bianews, around 5:40 PM yesterday, multiple users reported system malfunctions on social media platforms. Issues included inability to start a trip, app screen flickering and freezing, abnormal location tracking, inability to display driver location, and inability for drivers to locate passengers.

Screenshots circulating online show that some users encountered messages such as "Sorry, there's a network problem, please try again later" and "Didi has too many orders to handle, please try again later" after hailing a ride. The report also mentioned that users in Guangdong, Jiangsu, Beijing, Jiangxi, Xinjiang, and other regions reported abnormalities, and Didi's services were also affected.

That evening, Didi issued an official apology:

We sincerely apologize that due to a network outage by the cloud provider, some services of the Didi App experienced a brief interruption around 5 PM today. Services have now been fully restored. We are urgently addressing any abnormal charges or other issues that occurred during the outage and will resolve them as soon as possible.

Google CEO explains the reason for lagging AI programming: lack of user entry points like Cursor.

In a recent interview on The New York Times podcast Hard Fork, Google CEO Sundar Pichai publicly acknowledged for the first time that Google is currently lagging behind the industry in the field of AI-assisted programming.

He attributed the problem to the lack of an editor entry point like Cursor or Claude Code that could be directly embedded into developers' daily workflows—a deficiency that caused Google to lose the most critical dynamic workflow data, thus slowing down the iteration speed of models in agent programming scenarios.

In the interview, Pichai focused on showcasing closed-loop test data for Antigravity, Google's internal AI programming tool, including the doubling of internal token consumption every week and the ability to build an operating system from scratch in 12 hours during extreme performance tests.

He stated that Google's underlying technology foundation remains complete, and its current passivity in the open market stems primarily from the limited breadth of application scenarios and user feedback loops, rather than a fundamental lack of underlying capabilities.

Xiaohongshu launches audio podcast service

Yesterday, Xiaohongshu announced the launch of its audio podcast service at the New Generation Creators Festival, allowing direct audio uploads on both PC and mobile devices, and supporting the simultaneous import of podcast content via RSS on PC.

The new feature will showcase podcasts on creators' homepages. Xiaohongshu also plans to launch a dedicated podcast channel in its Discover section, supporting audio listening features such as picture-in-picture playback, resume playback, screen-off playback, timed shutdown, and 15-second fast forward/rewind.

Tesla executive: Feasibility study underway for a tri-motor version of the Model 3

Recently, Lars Moravi, Tesla's Vice President of Engineering, revealed in a special episode of the "Ride the Lightning" podcast that he is studying the feasibility of equipping the Model 3 with a three-motor system.

When Moravi was directly pressed by host Ryan McCaffrey on the show about whether the Model 3 would be equipped with a tri-motor system, he did not deny this direction, saying that he had been "seriously thinking about it."

He specifically mentioned his desire to introduce carbon fiber sleeve motors to the Model 3 platform—the core hardware that enables the Model S Plaid to achieve sustained and powerful acceleration.

Currently, the Model 3 Performance uses a dual-motor layout, front and rear. Adding a third motor within the rear subframe would present extremely limited engineering space. Moravi admitted that this is a "high-investment, cost-benefit-balancing" plan, which does not align with Tesla's overall development goals at this stage.

He further explained that the company's current high-performance R&D resources are all focused on the next-generation Roadster. This flagship sports car will be equipped with Tesla's latest generation of electric motor technology, which is currently a priority for the engineering team. Moravi stated that once the Roadster officially enters production, the related high-performance motor technology is expected to be extended to other models in the future.

Qijing Auto announced the gradual opening of its first batch of 300 related stores nationwide, covering 70 cities.

Qijing Auto announced yesterday that the first batch of 300 related stores across the country are gradually opening, covering first- and second-tier cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Wuhan, and Zhengzhou, totaling 70 cities. The stores opening this time are of two types.

• The "User Center" is operated by Qijing's directly operated or authorized dealers and mainly provides services throughout the entire process, including sales consultation, in-store car viewing, test drive appointment, vehicle delivery and after-sales service.
• The "Experience Center" is jointly created by Yinwang, Qijing and authorized dealers. It is positioned as an immersive experience space, with the display and experience of Huawei Qiankun Intelligent Driving Technology and the vehicles equipped with it as the core. It is located in the core business district of the city.

Dongfeng led the drafting and approval of mandatory national standards for passenger vehicle chassis.

Dongfeng Motor recently announced that its first national mandatory standard in the field of passenger vehicle chassis, which it spearheaded, has passed review unanimously. This standard focuses on brake assist systems and has been under preliminary research for over three years.

The brake assist system recognizes the driver's intention when the driver brakes suddenly but the pedal force is insufficient, and instantly increases the braking force to the maximum to shorten the braking distance.

Dongfeng stated that the BAS (Battery Access System) equipment rate among newly launched M1 and N1 models in my country has been increasing year by year, with over 90% of new passenger vehicles now equipped with BAS as standard; exported models are now 100% required to be equipped with BAS in accordance with UN Regulation UN R139.

Jensen Huang: In the AI ​​era, what you learn is not important; storytelling and creativity are what matter.

According to Business Insider, Nvidia CEO Jensen Huang recently discussed educational choices in the AI ​​era during an interview broadcast on Channel 4 in the UK. He believes that what's most valuable to cultivate today is storytelling, creativity, and judgment, rather than betting on a specific subject in advance.

Whatever you choose as your passion, the only thing you need to do is ask yourself: How can artificial intelligence enhance my learning, my skills, and my mission?

Huang Renxun stated that in the past, people would easily recommend that children study physics, engineering, or computer science; however, with AI being able to quickly supplement tool capabilities, choosing a single major is no longer the only answer.

His core judgment is that storytelling, creativity, and judgment will continue to be valuable. AI can help students enter different fields like mentors and coaches, but learners still need to ask good questions, organize information, evaluate results, and explain complex content clearly.

Jensen Huang views AI tools as a way to expand educational feedback: whether students are studying art, science, or engineering, they can use AI to gain faster practice and explanations. He doesn't assign majors to students, but rather uses "how to use AI to amplify one's own judgment" as a new learning framework.

vivo's first wireless noise-canceling headphones are scheduled for release on May 29th.

vivo officially announced its first wireless over-ear noise-canceling headphones yesterday, which will be released on May 29th at 19:30. The teaser poster shows that the headphones will be available in two colors: Cloud White and Breeze Purple, and will weigh approximately 238g.

In terms of functionality, the headphones support highly immersive active noise cancellation, seamless cross-ecosystem connectivity, and multi-device switching.

Starting at 1699 yuan, XREAL launches its younger sub-brand xbx, and unveils its first AR glasses, the a01.

XREAL announced yesterday the launch of its younger sub-brand xbx (X by XREAL), with its first product being the xbx a01 series AR glasses. The new product focuses on portable large-screen entertainment, gaming, and commuting scenarios, with the brand slogan "Just Play".

The XBX A01 series features a translucent lens and a replaceable "versatile front frame" design, allowing users to replace the front frame or 3D print custom accessories. The entire unit weighs only 62g and comes equipped with three sizes of nose pads, three-position adjustable flexible temples, and adaptive flexible hinges.

In terms of display, the xbx a01 supports 1600 nits of perceived brightness, 14 levels of brightness adjustment, HDR10, 1.07 billion colors, AI SDR to HDR conversion, and a 50° field of view, corresponding to a display effect of approximately 147 inches from 4 meters away.

The new product also features ultra-clear spatial image stabilization, which reduces image shake in moving scenarios such as subways, high-speed trains, and airplanes through AI posture prediction, motion capture, and image pre-rendering.

In terms of price, the xbx a01 is priced at 1699 yuan, and the xbx a01+ (which adds a sun hood and surround mode) is priced at 1799 yuan.

Xiaomi Auto releases world model framework, integrating reconstruction and generation.

Xiaomi Technology yesterday released a new framework for Xiaomi Auto World Model, designed for assisted driving world models. It merges the reconstruction module WorldRec and the generation module WorldGen into a single system. According to the introduction, this solution avoids the sequential path of first reconstructing the scene and then simply feeding it to the generated model, instead allowing the two sides to constrain each other.

WorldRec maintains a 4D Gaussian global representation that expands with observations, providing 3D geometric priors for the generative model; WorldGen completes future frames, unobserved viewpoints, and occluded regions, enabling the model to generate low-frequency but high-risk long-tail driving scenarios.

Xiaomi claims that this framework complements each other in terms of stability, consistency, and realism. The generation side also employs a two-stage training process: first, pre-training with full bidirectional temporal attention, followed by causal fine-tuning, and then reducing the denoising steps from 50 to 4 through ODE distillation, thus speeding up the process by 12 times.

Alibaba's Qwen 3.7-Max tops the list of domestic smartphones, second only to Claude Opus 4.7 Thinking.

Yesterday, Alibaba Cloud launched a new AI product website, Qwen Cloud, and the Agent product MuleRun for overseas markets, and updated its intelligent agent programming platform Qoder and general desktop intelligent agent QoderWork.

Qwen Cloud is positioned as an AI product portal for overseas developers, providing three types of entry points: website, Skills, and CLI. The website is used to browse, try out, and compare models and access OpenAI-compatible APIs; Skills encapsulates platform capabilities into standardized commands that are readable by agents; and CLI provides a reusable command-line operation layer for developers and agents.

Alibaba Cloud also revealed that Qwen3.7-Max scored 1541 points on the LMARana Code Arena WebDev leaderboard, ranking second only to Claude Opus 4.7 thinking, surpassing Claude Opus 4.6, and ranking first among domestic products.

This model is designed for agent-based scenarios and can work with frameworks such as Claude Code, OpenClaw, and Hermes Agent to complete long-range tool invocation tasks.

Alibaba Cloud has also transformed over 60 cloud products into Skill, MCP, and CLI-based systems, enabling agents to call upon these products using standard capability modules. Furthermore, Qwen 3.7-Max has automatic implicit caching enabled by default on the Bailian platform, which can reduce input costs in certain scenarios.

Kunlun Tech releases SkyClaw-v1.0, a model with one million context agents.

Kunlun Tech AI released SkyClaw-v1.0 yesterday, positioning it as a million-context agent model for real-world workflows. The official statement claims that the model supports millions of token contexts and focuses on optimizing complex tool calls, multi-round task execution, code generation, file editing, interactive application building, and research-oriented data analysis.

SkyClaw-v1.0 has undergone large-scale mid-training, high-quality synthetic task SFT, and end-to-end reinforcement learning optimizations. It can run in mainstream agent environments such as OpenClaw, Hermes, and Nanobot, and is also compatible with code agent frameworks such as Claude Code and Codex.

The official statement also claims that the model demonstrates stable multi-step execution capabilities in mainstream agent benchmarks and Skywork's internal Claw tasks, outperforming the Minimax 2.7, DeepSeek V4 Flash, Qwen 3.6 35B A3B, and 27B models, while being priced at less than half the cost of the Minimax 2.7 and Qwen 3.6 series models.

Keenon Robotics releases the small-sized humanoid robot XMAN-L1, integrating with large models from companies like Doubao and Tencent.

According to Jiemian News, Keenon Robotics announced yesterday the launch of its new small-sized humanoid robot, XMAN-L1, which is positioned for lightweight interactive job scenarios.

The XMAN-L1 robot stands 136cm tall, boasts 42 bionic degrees of freedom, a peak knee joint torque of 132 N·m, and a single leg power exceeding 2000W. Its edge computing power is 100 TOPS, supporting integration with large models from platforms like Doubao and Tencent, and enabling natural language dialogue functionality.

The official statement said that the robot can be put into use immediately after its release, and is suitable for scenarios including interaction, customer flow guidance, and light performances.

Facewall Intelligence releases MiniCPM5-1B, primarily targeting edge text models for businesses below 2B.

Wallfacer Intelligence and OpenBMB officially released and open-sourced MiniCPM5-1B yesterday. The official statement claims that this 1B parameter edge-side text pedestal model scored 17.9 points on the Artificial Analysis Intelligence Index's small-size model leaderboard, surpassing Qwen3.5-2B's 16.3 points.

MiniCPM5-1B focuses on making text model capabilities more accessible for deployment. Official materials state that the model weights after INT4 quantization are approximately 0.5GB, allowing it to run on mobile phones, browsers, and low-resource devices; its capabilities cover knowledge, mathematical reasoning, code reasoning, and tool invocation.

The report also revealed that the Base Model version of MiniCPM5-1B was pre-trained using ForgeTrain. The official description states that ForgeTrain is a production-grade pre-training framework for large models written in AI, with a training speed 10% faster than NVIDIA's Megatron.

Alipay AI-powered payment transactions reached 300 million.

Alipay officially announced yesterday that the number of smart agent payment transactions it has processed has reached 300 million, and released its AI Wallet, Token Pay, and ACT Protocol 2.0. The official statement indicated that this suite of capabilities covers leading development platforms, OpenClaw-like agents, smart glasses, smart headphones, smart cockpits, and some AI tool platforms.

Alipay AI Wallet is geared towards individual users, and its core function is to manage AI agent authorization and payment tasks. Users can view AI agent tasks before and during payments, and check their bills after payments; Token Pay is for AI services that are billed in tokens.

Alipay also stated that its self-developed "AI Payment Intelligent Security System" has passed two security certifications from the China Academy of Information and Communications Technology (CAICT) Telecommunication Technology Labs, and has launched token subsidies for AI developers, zero payment fees for individual developers, and fee discounts for enterprises.

Shanghai launches online electronic license verification application for catering businesses.

The Shanghai Municipal Administration for Market Regulation launched the nation's first online catering electronic license verification application yesterday, aiming to crack down on "ghost food delivery" services. This application relies on the electronic business license system to connect regulatory departments, platforms, and merchants, forming a closed loop from merchant application, license comparison, personal authorization to platform display of licenses.

In terms of process, when merchants join the platform, the information they submit will be compared with the official database in real time. After the verification is passed, the legal representative of the merchant needs to complete real-name authentication and precise authorization through the "Electronic Business License" mini-program. The platform can then retrieve the official electronic license with the platform name and time added, and display it on the store's homepage.

The regulatory authorities stated that this mechanism shifts the platform from manual comparison and post-event processing to pre-event verification, and can trace the platform's records of obtaining merchant authorization to retrieve licenses and permits.

Douyin (TikTok) announced the results of its AI-powered rumor-mongering efforts: related content saw an average decrease of 62% in views.

Douyin disclosed yesterday that in the past year, the platform has introduced large-scale model technology in its efforts to combat rumors, resulting in a 62% decrease in the average number of views for rumors that have been dealt with. The platform also compiled a list of the "Top Ten Rumor Debunking Cases" from the past year, stating that these rumors were all identified or dealt with through the AI-powered truth-seeking model, and that authoritative source information was aggregated and debunked through "truth cards."

Douyin had previously launched the "AI Douyin Truth Seeker" feature, which allows users to use a large model to help identify rumors and view the true information about events. In this disclosure, the platform positioned AI Truth Seeker as part of its rumor control tools, designed to reduce the number of views before rumors spread.

Jay Chou's "Son of the Sun" is now available on Apple Music in China.

Jay Chou's new album "Son of the Sun" ended its approximately two-month paid exclusivity period yesterday and was released on Apple Music in China.

The album was released on global digital platforms on March 25th of this year. Previously, it required separate purchase on platforms such as QQ Music, with a single album costing approximately 40 yuan. Now, Apple Music users in China can listen to it directly through a subscription.

JVR Music's official Weibo account has previously released seven music videos since the release of "Son of the Sun".

The trailer for "Love is Anger" titled "A Warm Home" has been released, and the film is scheduled for release on June 19th.

According to Weibo Movies, the film "Love is Anger" released a trailer titled "A Warm Home" yesterday. The film is directed by Park Song-il, written by Ri Zelin, and stars Wang Anyu as Liu Hao and Wang Yuwen as Chen Caicai.

The trailer revolves around Liu Hao and Chen Caicai's meeting, falling in love, and starting a family. The couple initially hoped to build a warm and loving home, but their peaceful life is unexpectedly disrupted. The film is scheduled for release on June 19th, during the Dragon Boat Festival holiday.

The Long March-themed film "Four Crossings" is scheduled for release on June 26.

The major revolutionary historical film "Four Crossings" has been officially announced to be released nationwide on June 26 this year, as a tribute to the 90th anniversary of the victory of the Red Army's Long March.

The film is produced by Andrew Lau, written by Liu Yi, and stars Liu Ye, Wang Lei, Wang Zhifei, Yu Shi, and Wang Yaoqing. Directed by Xu Zhanxiong, the film focuses on the historical event following the Zunyi Conference, where 30,000 Red Army soldiers, under the leadership of Comrade Mao Zedong, crossed the Chishui River four times amidst an encirclement by 400,000 enemy troops, achieving a victory against overwhelming odds.

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