Tech Brief (Nov. 26): Pony AI Expects Robotaxi Fleet to Exceed 3,000 by 2026
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Huawei cuts starting price of new flagship Mate 80 series
Huawei Technologies Co. Ltd. has reduced the price of its latest flagship smartphone series, a strategic recalibration aimed at rekindling momentum after a slowdown in domestic smartphone shipments. At a product launch on Tuesday, the Chinese tech giant introduced its new premium Mate 80 series, starting at 4,699 yuan ($661), along with the foldable Mate X7 priced from 12,999 yuan. The entry-level Mate 80 is 800 yuan cheaper than its predecessor, even as memory component prices have surged over the past year. Sales begin Nov. 28 for the Mate 80 and Dec. 5 for the Mate X7.
Alibaba Q3 revenue beats market expectations
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- Huawei launched the Mate 80 series with an 800 yuan lower starting price than its predecessor; sales begin Nov. 28.
- Alibaba Q3 revenue rose 5% to 247.8 billion yuan, but non-GAAP net profit fell 72% to 10.4 billion yuan.
- Pony AI’s robotaxi fleet is projected to surpass 3,000 vehicles by 2026; Q3 robotaxi revenue rose 89.5% to 47.7 million yuan.
- Huawei Technologies Co. Ltd.
- Huawei Technologies Co. Ltd., a Chinese tech giant, has reduced the starting price of its new flagship Mate 80 series to 4,699 yuan. This strategic move aims to regain momentum after a slowdown in domestic smartphone shipments. The company also launched the foldable Mate X7, priced from 12,999 yuan. The Mate 80 is 800 yuan cheaper than its predecessor, despite rising memory component prices. Sales begin November 28 for the Mate 80 and December 5 for the Mate X7.
- Alibaba Group Holding Ltd.
- Alibaba Group Holding Ltd. exceeded analyst revenue forecasts for the September quarter, reporting 247.8 billion yuan, a 5% increase year-on-year. However, the company's non-GAAP net profit plummeted 72% to 10.4 billion yuan, sharply missing consensus estimates, due to significant investments in instant retail operations.
- Pony AI Inc.
- Pony.ai Inc. reported a 72% year-on-year revenue increase to 181 million yuan in the third quarter, with robotaxi revenue jumping 89.5% to 47.7 million yuan. The autonomous driving company plans to more than triple its current fleet of 961 robotaxis to over 3,000 by late 2026.
- HP Inc.
- HP Inc. plans to cut 4,000 to 6,000 jobs by fiscal 2028. This move aims to save $1 billion annually by utilizing more AI tools to improve efficiency. The company's sales increased by 4.2% to $14.6 billion in the fourth fiscal quarter ended October 31.
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