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 ...

Anjoy Foods, China’s leading frozen hotpot supplier, plans to raise up to HKD 2.64 billion in a Hong Kong listing on July 4. The proceeds will fund expansion in Southeast Asia and Europe, where demand ...

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 ...

This kind of everyday utility would have sounded far-fetched less than a decade ago. But that is exactly what Xiaomi is ...

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

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

Casbot, a Chinese startup focused on humanoid robots, has raised nearly RMB 100 million in an angel plus funding round. Backers include Lens Technology, Tianjin Jiayi, and existing investors SDIC ...

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

Tesla's robotaxi pilot in Austin, Texas has revealed multiple issues, including erratic lane changes, abrupt stops, and unsafe alighting points, according to videos from riders. Despite the presence ...