Elon Musk said he does not support a merger between Tesla and xAI, responding to speculation about closer ties between his companies. The comment follows earlier hints of a shareholder vote on Tesla ...

China has approved Synopsys’ USD 35 billion acquisition of Ansys, conditional on the merged firm maintaining fair access to EDA software for Chinese customers. The green light follows a recent US move ...

China’s trade surplus reached USD 114.7 billion in June, as exports rose 5.8% YoY on pre-deadline orders ahead of a potential US tariff snapback. Shipments to ASEAN surged 16.8%, while US-bound ...

Shopee’s July 7 sale set a new record, with GMV reaching twice its 2024 Black Friday total. Strong demand for beauty, fashion, and home goods pushed daily unit sales past 1 million. Live streams drew ...

Haagen-Dazs must reinvent itself in China or weigh an exit as it contends with fierce competition, narrow margins, and ...

British tech brand Nothing launched its Phone (3) in China at USD 799, alongside its first over-ear headphones, the Headphone ...

Ele.me will retire its legacy tiered membership system by July 31, shifting users to a new program launched during the 618 shopping festival. Aimed at high-frequency users, the updated scheme ...

Meituan hit 1.5 billion daily orders on July 12 as China’s top delivery platforms escalated subsidy campaigns with “zero yuan” deals and steep discounts. While demand surged, analysts warned of profit ...

Elon Musk’s xAI is preparing a new funding round targeting a valuation between USD 170–200 billion, up sharply from USD 18 billion in May. The raise would follow two deals closed in the past two ...

Xpeng has opened European orders for its revamped G6 and G9 electric SUVs, featuring an 800-volt architecture, ultrafast charging, redesigned interiors, and AI -powered driving assistance. The models ...

Samsung launched the Galaxy Z Fold 7, Z Flip 7, and the lower-cost Flip 7 FE, featuring thinner designs, upgraded cameras, and new AI-driven tools powered by Snapdragon chips. The move comes as ...

Centurium Capital, majority shareholder of Luckin Coffee, is reportedly among nearly 30 firms bidding for a stake in Starbucks China, which may be valued as high as USD 10 billion. Starbucks aims to ...