The EV maker projects a recovery, but with a steep deficit and mounting competition, hitting its 50,000-unit monthly target ...

Chongqing’s coffee association has called for an end to industry price wars, citing mounting losses among local indie cafes as chain brands pursue rapid growth through heavy platform subsidies. A June ...

Tools for Humanity, co-founded by OpenAI chief Sam Altman, is deploying iris-scanning “Orb” devices in six UK cities as part of its World ID expansion. The startup says no biometric data is stored, ...

Chinese and US officials plans to meet on June 9 in London for trade talks focused on export controls rather than tariffs. The US is expected to push for greater access to critical minerals, while ...

Lenskart has converted to a public limited company as of May 30, paving the way for its planned IPO at a USD 10 billion valuation. The eyewear firm is expanding across the UAE, Singapore, and the US, ...

ByteDance has overhauled TikTok Shop’s US team near Seattle, replacing local staff with China-based managers after missing a USD 17.5 billion sales target. Internal meetings now reportedly favor ...

Anysphere, maker of the AI coding assistant Cursor, has raised USD 900 million at a USD 9.9 billion valuation. Thrive Capital led the round, joined by a16z, Accel, DST Global, and others. The company ...

Elon Musk’s AI startup xAI lost USD 341 million on USD 52 million in Q1 2025 revenue but projects USD 13.1 billion in EBITDA by 2029, according to investor materials. The firm plans USD 18 billion in ...

Biotech firm Allay Therapeutics has raised USD 57.5 million in a Series D funding round co-led by Lightstone Ventures and ClavystBio, with participation from NEA, Arboretum Ventures, Vertex Growth, ...

Meituan launched its first permanent drone route in Hong Kong on June 6, flying across Tolo Harbour from Science Park to Ma On Shan. Approved under the city’s low-altitude sandbox, the five-minute ...

ByteDance has launched SeedEdit 3.0, a high-resolution image editing model built on Seedream 3.0. Designed to better follow prompts while preserving unedited regions, the tool is said to excel in ...