Starbucks has denied media reports that it is considering a full sale of its China business, stating it remains committed to the market and sees long-term growth potential. Shares briefly rose on the ...

FinVolution marks the tenth edition of its global artificial intelligence competition with a focus on deepfake image ...

Pangdonglai founder Yu Donglai said the company will gradually close several stores, including well-performing ones, citing aging facilities and declining quality. He made the remarks during a live ...

Thinking Machines Lab, the AI startup founded by former OpenAI executive Mira Murati, has raised nearly USD 2 billion in seed funding at a USD 10 billion pre-money valuation. The round was led by ...

ByteDance founder Zhang Yiming has stepped up his involvement in the company’s AI initiatives, regularly meeting with researchers in Beijing since mid-2024. Based in Singapore, Zhang is focused on ...

Xiaomi CEO Lei Jun announced on Weibo that the company will launch its YU7 electric SUV on June 26, when it will reveal pricing and begin taking orders. The YU7 is Xiaomi’s second EV model, with ...

Private equity firm KKR is reportedly in talks to acquire an 85% stake in Dayao, a fast-growing Chinese soda brand that had previously considered an IPO. The company’s 2024 revenue is expected to ...

CATL, Ant Group, and HelloRide have formed a joint venture to co-develop Level 4 autonomous driving systems. The new entity is backed by RMB 1.288 billion in capital and a joint RMB 3 billion ...

The private equity giant is reportedly nearing a deal that could fizz up Dayao’s shift from IPO hopeful to national beverage contender.

The new venture will focus on developing and commercializing self-driving tech by leveraging each partner’s strengths.

Founded in 2015, Yarbo originally aimed to build outdoor home robots but hadn’t yet committed to a specific product line.

Windrose Technology is currently refurbishing an old assembly plant for long-haul trucks in California, scheduled for ...