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 ...

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

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 ...

ASML has launched a lithography-themed science contest in China to identify local engineering talent, offering job interviews to top scorers. The initiative reinforces the Dutch chipmaker’s ties to ...

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

Xpeng Motors has launched its X9 MPV in Indonesia at a starting price of IDR 990 million, with local production slated to begin in July. The plant marks Xpeng’s first overseas manufacturing base as it ...

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 ...

Chinese EV brand Luxeed, backed by Huawei and operated by Chery, is launching a promotion from June 27, offering RMB 20,000 off all models and up to RMB 60,000 in total incentives. The campaign ...

Wang Puzhong, head of Meituan’s core local commerce unit, said China’s service retail sector reached RMB 7 trillion in 2024, but only 9% is online. He pledged to help merchants digitalize with AI, ...