Huawei Unveils “Tau (τ) Law,” Proposing a New Path Beyond Moore’s Law
Beijing, May 25 — At the 2026 International Symposium on Circuits and Systems in Beijing on May 25, Huawei Director and Semiconductor Business President He Tingbo introduced a new semiconductor development framework known as the “Tau (τ) Law.”
The announcement drew immediate attention from investors, with semiconductor stocks rallying sharply. Shares of Huahong Semiconductor, JCET, Tongfu Microelectronics, and Huatian Technology all surged, while the STAR 50 Index jumped nearly 6%.
The concept takes its name from the Greek letter τ (tau), which in circuit theory represents a system’s “time constant”—the time required for a signal switch. Traditionally, semiconductor performance improvements have been driven by Moore’s Law, which increases speed by shrinking transistors. Tau Law proposes a different approach: improving overall system efficiency through architecture, packaging, and hardware-software optimization.
To illustrate the idea, He compared a chip to a city. While Moore’s Law shortens travel distances by packing buildings closer together, Tao Law focuses on redesigning the transportation network itself—adding express lanes, intelligent traffic systems, and more efficient routing to improve overall traffic flow.
According to Huawei, technologies such as advanced packaging, system-level optimization, and its self-developed “Logic Folding” architecture can continue boosting performance even as transistor scaling becomes increasingly expensive and technically challenging.
Importantly, Huawei does not position Tau Law as a replacement for Moore’s Law. Rather, it is presented as a complementary path at a time when the cost of cutting-edge chip development continues to rise sharply. Industry observers note that the approach aligns closely with China’s semiconductor strategy, as it relies more on system innovation and less on access to advanced manufacturing equipment such as EUV lithography tools.
The proposal reflects a broader shift in the global semiconductor industry, where future performance gains may increasingly come not only from smaller transistors, but also from smarter system design.
Pang Dong Lai’s “Dream City” Project Sparks Debate Over the Future of China’s Housing Market
Henan, May 26 — Construction has officially begun on Pang Dong Lai’s CNY 6.5 billion “Dream City” project, drawing widespread attention across China. During a recent livestream, founder Yu Donglai pledged to make the entire development process transparent, publicly disclosing construction materials, quality standards, and project costs while pricing homes with only a reasonable profit margin.
The proposal quickly went viral on Chinese social media, with many comparing it to Pang Dong Lai’s well-known retail practice of openly displaying product costs and profit margins.
The strong public response reflects growing demand for transparency in China’s property market. In recent years, homebuyers have faced recurring issues ranging from construction quality disputes and specification downgrades to opaque pricing structures and hidden fees. Yu’s promise to disclose costs and construction details directly addresses these long-standing concerns.
Equally important is Pang Dong Lai’s reputation. Over the past three decades, the retailer has built a loyal following through strict quality control, customer-friendly policies, and strong employee welfare programs. For many consumers, the company’s entry into real estate represents the possibility of bringing the same trust-based business philosophy to homebuilding.
The project also stands in contrast to the high-leverage, rapid-turnover model that dominated China’s property sector for years. Yu has emphasized long-term quality, reasonable profits, and practical community planning, including features such as centralized EV charging facilities.
Whether Pang Dong Lai can successfully translate its retail success into real estate remains uncertain. However, the overwhelming public interest highlights a broader reality: in today’s housing market, trust and transparency have become some of the most valuable commodities of all.
Pony.ai Q1 Revenue Surges 145% as Robotaxi Business Accelerates
Guangzhou, May 27 — On May 26, autonomous driving company Pony.ai released its financial results for the first quarter of 2026, reporting total revenue of CNY 236 million, up 145% year-on-year. Gross profit reached CNY 38.4 million, representing a 140.1% increase from the same period last year.
The company’s Robotaxi segment was the standout performer, generating a record CNY 59.1 million in quarterly revenue, up 395.4% year-on-year and 28.7% quarter-on-quarter.
As of May 2026, Pony.ai‘s Robotaxi fleet had expanded to more than 1,700 vehicles. The company has deployed autonomous taxi services across nine countries and recently secured Europe’s first commercial Robotaxi operation.
Pony.ai has also begun offering public Robotaxi services in several overseas markets, including Croatia, Qatar, Singapore, and South Korea, underscoring its accelerating international expansion.
The results suggest that the company is moving beyond technology development and toward large-scale commercialization, with Robotaxi operations emerging as a key growth driver.
Duan Yongping Invests HK$1.47 Billion in Pop Mart
Hongkong, May 27 — According to Hong Kong Stock Exchange filings released on May 27, renowned investor Duan Yongping, through his investment vehicle H&H International Investment, purchased 9.82 million Pop Mart shares at an average price of HK$150 per share, investing approximately HK$1.47 billion.
Following the transaction, Duan’s stake increased to 5.69%, making him Pop Mart’s second-largest shareholder and triggering mandatory disclosure requirements.
The move marks a notable reversal for Duan. In 2025, he publicly questioned whether the popularity of designer toys could be sustained over the long term. However, after reviewing the company’s financial performance and overseas expansion strategy earlier this year, he changed his view and significantly increased his position.
Duan has emphasized that his conviction is rooted not in blind-box toys themselves, but in founder Wang Ning and Pop Mart’s IP ecosystem. He has praised Wang’s long-term vision and product philosophy, viewing strong leadership as the company’s ultimate competitive advantage.
The investment highlights growing confidence in Pop Mart’s evolution from a toy retailer into a global consumer IP company.
Luo Yonghao Further Steps Back From Smartisan as Company Restructures
On May 25, business registration records showed that Luo Yonghao, founder of Smartisan Technology, changed his role at Smartisan Software (Beijing) Co., Ltd. from Executive Director to Director, marking another step back from the management of the company he founded.
Established in 2014, Smartisan Software was the development base for Smartisan OS, known for innovations such as Big Bang, One Step, and Idea Pills. The company gained a loyal following through its distinctive product design and user experience, with products such as the Smartisan T1 and Nut Pro earning industry recognition.
However, Smartisan struggled to compete in China’s increasingly crowded smartphone market. Following financial difficulties, parts of its smartphone business, patents, and talent were acquired by ByteDance, while the Nut R2 became the company’s final smartphone release.
The latest corporate change is not expected to affect current operations, but it further formalizes Luo’s departure from the Smartisan ecosystem. As a regular director, he retains board voting rights but no longer holds executive management responsibilities.
While Smartisan ultimately failed to achieve commercial success, its influence on Chinese smartphone design and user-interface innovation continues to be remembered by many consumers. Meanwhile, Luo has shifted his focus to new ventures, including AR-related projects, after successfully repaying debts accumulated during Smartisan’s difficult years.