Tech Brief (March 27): Pony AI Robotaxi Revenue Jumps 129% as Fleet Expands

Published: Mar. 27, 2026 7:17 p.m. GMT+8

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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.

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Pony AI's 2025 robotaxi revenue rose 129% to 116 million yuan, with its fleet surpassing 1,400 vehicles and plans to double by year-end.
Meituan reported a 2025 net loss of 23.4 billion yuan driven by fierce market competition and overseas expansion.
MetaX's 2025 revenue more than doubled, while China Mobile’s growth slowed to 0.9%; Taobao and Tmall will launch an AI-powered business manager.

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Who’s Who

Pony AI Inc.: Pony AI Inc. (小马智行) reported a 129% surge in its robotaxi revenue to 116 million yuan in 2025. Its total revenue grew 20% year-on-year to 629 million yuan. The company's robotaxi fleet exceeded 1,400 vehicles, with plans to expand it to over 3,000 by the end of 2025.

Meituan: In 2025, Chinese food delivery giant Meituan experienced a net loss of 23.4 billion yuan ($3.4 billion). This reversal from a previous profit was attributed to an intense domestic price war and aggressive overseas expansion efforts, highlighting the high costs of maintaining market share and the challenges of entering new markets.

MetaX Integrated Circuits Shanghai Co. Ltd.: MetaX Integrated Circuits Shanghai Co. Ltd. (芯动联科) more than doubled its revenue in 2025. This surge was driven by strong sales of its GPUs, as Chinese firms seek domestic alternatives to U.S. technology. MetaX's next-generation C600 training-and-inference GPU, which uses an "all-domestic" manufacturing process, is expected to enter mass production and generate sales in the first half of 2026.

China Mobile Ltd.: China Mobile Ltd. experienced a slowdown in both revenue and profit growth in 2025. Its full-year operating revenue reached 1.05 trillion yuan, a modest 0.9% increase year-on-year. This marks a deceleration from previous years' growth. Net profit attributable to shareholders also declined by 0.9% to 137.1 billion yuan.

Alibaba Group Holding Ltd.: Alibaba Group Holding Ltd.'s e-commerce platforms, Taobao and Tmall, are set to launch an AI-powered business manager for merchants. This tool will utilize AI agents to enhance operational processes, including customer service, new product development, and coupon distribution, facilitating continuous store management.

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What Happened When

2025：: Pony AI reported a 129% revenue surge in its robotaxi business to 116 million yuan.

2025：: Pony AI’s total revenue grew 20% year-on-year to 629 million yuan, marking its fourth consecutive year of growth.

2025：: Meituan swung to a net loss of 23.4 billion yuan, reversing a profit from the previous year.

Fourth quarter of 2025：: Pony AI's robotaxi revenue soared 160% to 46.6 million yuan; passenger fare income jumped more than 500%.

March 26, 2026：: Pony AI's 2025 financial results were disclosed in a filing.

As of March 2026：: Pony AI’s robotaxi fleet exceeded 1,400 vehicles.

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