Meituan and Xiaomi Corp.’s long-term ambitions and investment plans will dominate next week’s earnings releases, continuing to shape sentiment for China’s tech sector.

Expectations for Xiaomi are high as it aims to invest at least 50 billion yuan ($6.9 billion) in developing its own mobile processor to increase its semiconductor clout over the next decade.

The company also unveiled plans for its new electric sport utility vehicle and top-end gadgets with self-developed mobile chips, coming against a backdrop of an intense US-China rivalry for global technology supremacy.

Meituan plans to spend $1 billion over five years to launch its food delivery service in Brazil as part of a global expansion push. It faces growing domestic challenges from JD.com Inc. back home, after the latter made aggressive efforts to invest in the hyper-competitive space.

Meanwhile, Kuaishou Technology may continue struggling to monetize its artificial intelligence business, while its live-streaming e-commerce growth likely continued to lag behind Tencent Holdings Ltd. and Alibaba Group Holding Ltd., Bloomberg Intelligence said.

Highlights to look out for:

Monday: Meituan’s first-quarter revenue probably rose 17%, the slowest since mid-2022. Its core local commerce operating income may fall short with increased spending on delivery rider benefits, BI said. Higher subsidies to retain food delivery users amid tough competition may also weigh on earnings.

• Maybank’s (MAY MK) first-quarter net income may have risen 4.1%, estimates show. The largest lender in Malaysia has facilitated as much as 2.35 billion ringgit ($545 million) in client investments into the Johor-Singapore Special Economic Zone, an area almost twice the size of China’s Shenzhen.

Tuesday: Xiaomi’s first-quarter sales likely surged 44%, estimates show. Sales from smart electric vehicles and other new initiatives business likely rose 14% thanks to increased capacity and higher selling prices with the delivery of the SU7 Ultra sports car, BI said. The Internet of Things segment sustained growth, supported by government subsidies for home appliances and share gains.

• Kuaishou Technology’s first-quarter revenue likely rose 9.8%, consensus shows, with its AI development in focus. BI analysts remain cautious about its ability to monetize investments amid “cutthroat competition” in China’s AI sector, with rising AI costs possibly denting its margins through 2025.

Thursday: Li Auto’s first-quarter revenue likely declined 2%, consensus shows. The automaker cut its 2025 sales target to 640,000 units from 700,000, 21st Century Business Herald reported. Its February and March vehicle deliveries rose 30% and 27% respectively, recovering from a 4% decline in January.