Literally 猕猴 (macaque monkey) + 桃 (peach). The kiwi's fuzzy brown skin resembles a monkey's fur, and it was said monkeys loved eating them, hence 'monkey peach'.
culture
The kiwi fruit originated in China's Yangtze River valley, where it grew wild. New Zealand commercialized and rebranded it as 'kiwi fruit' in the 20th century.