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DJI-Insta360 rivalry expands despite U.S. regulation

Competition between Shenzhen-based hardware companies DJI and Insta360 is expanding from drones and 360-degree cameras to vlogging devices, emerging as a key variable in the global smart imaging market. The rivalry is widening across product lines, pricing, talent and patent litigation, while U.S. regulatory action affecting foreign-made drones adds uncertainty. DJI holds about 70 percent of the civilian drone market, while Insta360 leads the 360 camera segment on an annual basis.

People

KB Kookmin Bank recruits participants for global future-growth finance camp

KB Kookmin Bank said it is recruiting participants for its KB Global Future-Growth Finance Camp, a youth program in Shenzhen, China, running for three nights and four days. Applications are open until May 15 on the KB Star Banking event page. The bank will select 120 participants by lottery from customers who sign up for at least 300,000 won in a KB Asset Management fund and set up monthly automatic transfers of at least 100,000 won. Results are due on May 20.

Industry

Xiaomi overhauls fast-growing EV sales team, hires former Tesla China sales executive

Xiaomi has hired Kong Yanshuang, who previously led Tesla’s sales organisation in China, to oversee its automobile sales operations. Media reports said Xiaomi has set a 2026 EV sales target of 550,000 units and that Kong joined in early March to handle the transition. The company has also recruited other former Tesla staff, and has reported rising deliveries and strong demand for refreshed SU7 models.