China’s industrial profits fell 9.1% YoY in May, the steepest monthly drop since October 2023, amid weak demand and lower prices. Cumulative profits for major firms declined 1.1% YoY in January-May, ...

The US and China have reached a framework deal to restart rare earth shipments, a White House official confirmed. The move follows export curbs imposed by China during the trade conflict, which ...

Pony.ai is in early talks to sell its US subsidiary to Travis Kalanick, who may lead the unit while remaining at CloudKitchens if a deal is reached. Uber is reportedly considering funding support. The ...

Meta is in advanced talks to acquire PlayAI, a startup specializing in AI-driven voice replication, to enhance its assistant and hardware offerings. The deal would add talent and technology to Meta’s ...

Alibaba cut nine members from its partnership in fiscal 2025, shrinking the group to 17 amid a broader leadership reshuffle. Founders Peng Lei and Dai Shan were among those who retired. The remaining ...

Cotti Coffee has expanded to over 15,000 stores, but rising costs and quality concerns are prompting a shift in strategy. With 90% of outlets reportedly profitable in May, the chain plans to deploy ...

The Chinese coffee chain plans to deploy 1,100 regional managers as it works to shore up its low-cost, franchise-driven model ...

Wang Puzhong, head of Meituan’s core local commerce unit, said China’s service retail sector reached RMB 7 trillion in 2024, but only 9% is online. He pledged to help merchants digitalize with AI, ...

Shiok Burger, a fusion burger brand, has closed its pre-Series A funding round led by AC Ventures. Existing investors CFF ...

From underground mining to quality inspection, Casbot’s machines target environments where traditional automation falls short ...

Koitake, the IP-driven toy unit under Alibaba’s Hujing business, has been phased out as the tech giant shifts its attention ...

Toy manufacturers in Chenghai, China’s largest plastic toy hub, are ramping up production to meet holiday demand. The district exported RMB 10.24 billion in toys last year and now reports rising ...