Thinking Machines Lab, the AI startup founded by former OpenAI executive Mira Murati, has raised nearly USD 2 billion in seed funding at a USD 10 billion pre-money valuation. The round was led by ...

With over 150 stores and renewed profitability, boutique coffee chain Algebraist Coffee is staying selective and staying in ...

Shopee will begin charging local sellers in Malaysia a MYR 0.50 platform support fee per completed order starting July 16. The fee, which includes 8% SST and is deducted before payout, will fund ...

A price reset and a hard push on Douyin and Pinduoduo fueled Three Squirrels’ turnaround, driving sales back to their 2019 ...

Starbucks has denied media reports that it is considering a full sale of its China business, stating it remains committed to the market and sees long-term growth potential. Shares briefly rose on the ...

FinVolution marks the tenth edition of its global artificial intelligence competition with a focus on deepfake image ...

Pangdonglai founder Yu Donglai said the company will gradually close several stores, including well-performing ones, citing aging facilities and declining quality. He made the remarks during a live ...

Thinking Machines Lab, the AI startup founded by former OpenAI executive Mira Murati, has raised nearly USD 2 billion in seed funding at a USD 10 billion pre-money valuation. The round was led by ...

ByteDance founder Zhang Yiming has stepped up his involvement in the company’s AI initiatives, regularly meeting with researchers in Beijing since mid-2024. Based in Singapore, Zhang is focused on ...

Xiaomi CEO Lei Jun announced on Weibo that the company will launch its YU7 electric SUV on June 26, when it will reveal pricing and begin taking orders. The YU7 is Xiaomi’s second EV model, with ...

Private equity firm KKR is reportedly in talks to acquire an 85% stake in Dayao, a fast-growing Chinese soda brand that had previously considered an IPO. The company’s 2024 revenue is expected to ...

CATL, Ant Group, and HelloRide have formed a joint venture to co-develop Level 4 autonomous driving systems. The new entity is backed by RMB 1.288 billion in capital and a joint RMB 3 billion ...