Before filing for an IPO in the US, Ximalaya raised close to RMB 10 billion (USD 1.4 billion) over 12 funding rounds. Its cap ...

Nearly half of China’s listed supermarket chains posted losses in 2024, with over 900 store closures as firms scrambled to adapt. While Walmart and Sam’s Club bucked the trend, others launched ...

Once discontinued, peel-apart film is making a comeback in China as Gen Z consumers embrace its rarity and vintage aesthetic. Promoted by celebrities and photo studios, the unpredictable medium now ...

Meta has reportedly taken a 49% non-voting stake in Scale AI for USD 14.3 billion and brought CEO Alexandr Wang onto its AI team. The move bolsters Meta's "superintelligence" ambitions as it works to ...

Douyin E-commerce has updated its deposit policy to lower onboarding costs, offering zero-deposit entry for new sellers and cutting existing deposit tiers by up to 75%. Deposits apply only after 200 ...

Nvidia CEO Jensen Huang said autonomous vehicles, robotics, and machines are set to surge this decade, calling it a defining era for autonomous tech. Speaking at the Viva Technology conference in ...

ByteDance and SenseTime have unveiled a new round of AI upgrades. ByteDance launched the Doubao 1.6 series with multimodal reasoning and cut token prices by over 60%, while SenseTime enhanced its ...

OpenAI CEO Sam Altman said Stargate, a project that could invest up to USD 500 billion in AI infrastructure, could unlock major breakthroughs in AI and science. He predicts 2026 could be an inflection ...

Xpeng Motors is in talks to supply its Turing chip to other automakers, with a debut in Volkswagen’s China models expected in 2026. The chip, already used in Xpeng’s G7 SUV, reportedly delivers 2,200 ...

On June 11, US President Donald Trump declared a trade deal with China “done,” pending approval from Chinese counterpart Xi Jinping. The agreement would reinstate steep tariffs, with 55% from the US ...

A life-sized mint green Labubu figure has sold for over USD 150,000 at a Beijing auction, highlighting surging demand for Pop Mart collectibles. Created by artist Kasing Lung, the character has become ...

TikTok Shop’s full-service launch in Mexico saw GMV surge 208% during its "hot sale" event from May 19 to June 3, with paid orders reportedly rising 63%, marking a strong debut in Latin America.