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

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 ...

ASML has launched a lithography-themed science contest in China to identify local engineering talent, offering job interviews to top scorers. The initiative reinforces the Dutch chipmaker’s ties to ...

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 ...