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

China’s industrial profits fell 9.1% YoY in May, the steepest monthly drop since October 2023, amid weak demand and lower prices. Cumulative profits for major firms declined 1.1% YoY in January-May, ...

Seoul has asked Temu and AliExpress to suspend sales of 11 children’s products that breached safety limits, including umbrellas and rain gear with toxic chemical levels hundreds of times above legal ...

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 ...

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 ...

Anjoy Foods, China’s leading frozen hotpot supplier, plans to raise up to HKD 2.64 billion in a Hong Kong listing on July 4. The proceeds will fund expansion in Southeast Asia and Europe, where demand ...

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 ...