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 ...

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, ...

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 ...

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 ...

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 ...

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

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

MegaRobo Technologies, a life sciences automation and robotics company, has filed for a potential listing on the Hong Kong Stock Exchange, appointing Morgan Stanley, Huatai Financial, Deutsche Bank, ...

Casbot, a Chinese startup focused on humanoid robots, has raised nearly RMB 100 million in an angel plus funding round. Backers include Lens Technology, Tianjin Jiayi, and existing investors SDIC ...