BYD’s discount promotion means its lowest-priced model, the Seagull with assisted driving features, starts at RMB 55,800 (USD ...

China Renaissance disclosed it invested in Circle in 2018 through its Huaxing New Economy Fund, as shares in the USDC issuer surged 168% on their New York debut. The stake, likely under 5%, reflects ...

The startup is building bots that prioritize emotional presence over technical perfection, hoping that’s what wins over ...

Meituan’s Dianping app has launched a “premium delivery” feature in cities like Guangzhou and Shenzhen, showcasing top-rated, licensed vendors across six categories. Orders are completed in-app, with ...

Kuaishou’s Kling AI surpassed a USD 100 million annualized run rate in March 2025, just ten months after launch. Monthly subscription bookings topped RMB 100 million in both April and May. The latest ...

Chinese energy financing in Africa has dropped 85% since 2015, steering the continent toward private capital and clean energy, according to the IEA. Public and DFI funding fell to USD 20 billion in ...

Builder.ai filed for Chapter 7 bankruptcy in Delaware after creditors seized most of its cash. Once valued at USD 1.5 billion, the Microsoft-backed firm had overstated 2024 sales by 300% and was ...

Chinese President Xi Jinping and US President Donald Trump spoke by phone on June 5 and reaffirmed their commitment to the Geneva trade agreement. Xi called for steady leadership and urged the US to ...

FountainVest Partners plans to sell half its stake in Amer Sports for about USD 1.3 billion, reducing its holdings to 6.2%. The Chinese firm joined Anta, Tencent, and Chip Wilson in the 2018 ...

Since then, demand for faster charging has grown across the EV industry. Batteries rated for 4C, 6C, and even 12C charging ...

Didi posted a Q1 2025 profit of RMB 2.4 billion, nearly tripling YoY, driven by operating efficiency gains and a 22.5% rise in platform sales. Adjusted EBITDA more than doubled to RMB 3.1 billion.

Consumer group BEUC has filed a complaint with the European Commission accusing Shein of using “dark patterns” to drive excessive consumption. The fast fashion company allegedly deploys countdown ...