Science & TechnologyBusiness
Zhipu AI Hits $112B Record Valuation, Defying Concerns
Chinese AI developer Zhipu AI surges to $112 billion market cap after shares hit record HK$1,993, reflecting investor confidence in China's AI sector.
—4 min read
Category
Business
43 articles
TechnologyBusiness
Hyundai to Deploy 25,000 Atlas Robots in US Factories
Hyundai plans to deploy 25,000 Boston Dynamics Atlas humanoid robots at US factories by 2028, the largest industrial robotics rollout in history.
—5 min read
IndustryBusiness
SAIC Motor: China's First 100-Million-Vehicle Automaker
SAIC Motor delivers its 100-millionth vehicle in Shanghai, becoming China's first automaker to reach the milestone and reshaping the global auto industry.
—4 min read
TechnologyBusiness
Xiaomi Slashes AI API Prices by 99% in China Price War
Xiaomi cuts MiMo-V2.5 API prices by up to 99% to match DeepSeek, reigniting China's AI price war amid weak Q1 earnings and rising global AI costs.
—5 min read
BusinessFinance
Duan Yongping Becomes Pop Mart's Second-Largest Shareholder
Renowned Chinese value investor Duan Yongping acquires a 5.69% stake in Pop Mart worth HKD 11.8 billion, becoming the company's second-largest shareholder.
—4 min read
TechnologyBusiness
Meta Launches Plus Subscriptions for Facebook and Instagram
Meta rolls out paid Plus subscriptions for Facebook, Instagram, and WhatsApp, with AI and creator plans coming under the Meta One umbrella.
—5 min read
BusinessCulture
Independent Bookstores Are Growing, Not Dying, Data Shows
Despite widespread belief that independent bookstores are dying, ABA membership has tripled over the past decade, reaching levels not seen since the 1990s.
—5 min read
BusinessPolitics
Inside Howard Lutnick's Empire: Bare-Knuckle Tactics
NYT investigation reveals Commerce Secretary Howard Lutnick's aggressive Wall Street tactics, 818 corporate entities, and financial disputes.
—6 min read
SportsBusiness
MLB Players Seek Expanded Free Agency as Owners Propose Cap
MLB players propose expanded free agency, higher minimum salary, and competitive integrity tax. Owners counter with first salary cap proposal since 1994.
—6 min read
BusinessObituary
RT-Mart Founder Yin Yanliang Dies at 76, Leaving a Legacy
Yin Yanliang, the 76-year-old founder of RT-Mart who built China's largest hypermarket chain and founded the Tang Prize, has died in Taipei.
—5 min read
SportsBusiness
Belgian Grass Technology to Cover World Cup 2026 Stadiums
Belgian company GrassMax Systems supplies hybrid grass for World Cup 2026 stadiums in the US and Mexico, showcasing Europe's football pitch expertise.
—4 min read
TechnologyBusiness
Meta Lays Off 1,400 Washington Workers in AI Restructuring
Meta cuts nearly 1,400 Washington state jobs as part of an AI-driven restructuring affecting 10% of its global workforce, with more layoffs expected.
—4 min read
BusinessAutomotive
Ferrari's Electric Luce Sparks Investor Backlash and Fury
Ferrari's first electric car, the Luce, faces fierce backlash from investors and enthusiasts after its Rome unveiling, with shares dropping 6%.
—5 min read
EconomyBusiness
China Sees 20,000+ New Foreign Firms in Early 2026
China established over 20,000 new foreign-invested enterprises in Jan-Apr 2026, up 6.8% YoY. High-tech FDI surged 20.3% as overall FDI dipped.
—4 min read
Science & TechnologyBusiness
China's AI Titans Race for Multi-Dimensional Entry Points
Tencent, Alibaba, Baidu, and China Mobile are racing to dominate AI entry points—from OS-level assistants to model platforms and intelligent agents.
—6 min read
EnvironmentBusiness
Deep-Sea Mining Rush Accelerates After Trump Executive Order
Nine companies race to begin deep-sea mining after Trump fast-tracked permits. Environmentalists warn of irreversible damage to ocean ecosystems.
—5 min read
BusinessTechnology
SpaceX IPO Governance Draws Unprecedented Criticism
NYT investigation reveals SpaceX's board and Musk's pay package favor the CEO at the expense of shareholders ahead of the largest IPO ever.
—6 min read
BusinessTechnology
PayPal's Checkout Empire Under Siege as Rivals Close In
PayPal faces an existential crisis as Apple Pay and rivals erode its core checkout business. New CEO Enrique Lores cuts 20% of staff to revive growth.
—5 min read
BusinessAutomotive
Ferrari Unveils First EV, the Luce, with $640K Price Tag
Ferrari reveals its first fully electric vehicle, the Luce, starting at $640,000. The controversial design and 1,035-hp powertrain mark a historic shift.
—4 min read
BusinessTechnology
Inside Prediction Markets: How Sharps Outsmart Wall Street
A deep dive into prediction markets reveals how savvy 'sharps' made millions wagering on war, elections, and more, challenging Wall Street.
—6 min read
BusinessRegulation
Jiaxing Fruit Market Ban on Anhui Probed by Regulators
Jiaxing regulators probe a fruit market's ban on operators in Chuzhou, Anhui. Legal experts say it may violate China's Anti-Monopoly Law.
—4 min read
BusinessTechnology
Xiaomi YU7 GT and Standard Edition Take on Tesla in China
Xiaomi launches YU7 GT with 1,003 HP and a Nürburgring record, plus a Standard Edition undercutting Tesla Model Y by $4,350 in China's EV market.
—5 min read
BusinessTechnology
Xiaomi Unveils 1,003-HP YU7 GT SUV in Aggressive EV Push
Xiaomi launches the YU7 GT, a 1,003-horsepower performance SUV starting at $57,310, as the tech giant deepens its EV push amid smartphone decline.
—4 min read
BusinessEconomy
Shein Buys Everlane: Fast Fashion Giant Acquires Rival
Chinese fast-fashion giant Shein acquires sustainable brand Everlane in a $100M deal, sparking customer backlash and greenwashing concerns.
—4 min read
FinanceBusiness
Yonghui Demands $500M from Wang Jianlin in Debt Dispute
Yonghui Supermarket demands 3.6 billion yuan from billionaire Wang Jianlin after arbitration ruling, highlighting cascading debt crises in China.
—4 min read
BusinessFashion
Shein Acquires Everlane: Fast Fashion Giant Buys Eco Brand
Shein acquires Everlane for $100M, merging fast fashion with sustainability. The deal raises tough questions about ethical fashion's future.
—6 min read
BusinessTechnology
Nvidia Q1 Results Smash Estimates as AI Chip Demand Surges
Nvidia reported Q1 revenue of $81.62B, up 85% YoY, beating Wall Street estimates. Data center revenue hit $75.2B as AI infrastructure buildout accelerates.
—4 min read
EnvironmentBusiness
Companies Rush Into Deep-Sea Mining After Trump Order
At least nine companies are racing to mine the seabed after Trump's executive order, as regulators fast-track permits and environmental groups raise alarm.
—6 min read
BusinessFinance
Wall Street Banks Vie for $1 Billion Fee Pool in SpaceX IPO
Goldman Sachs leads a $75B SpaceX IPO expected in June, with banks competing for over $1 billion in fees. The listing could be the largest in history.
—4 min read
TechnologyBusiness
Meta Begins 8,000 Job Cuts in Massive AI Restructuring Push
Meta begins laying off 8,000 workers in an AI-driven restructuring, reassigning 7,000 employees to AI roles with $145B in planned infrastructure spending.
—4 min read
TechnologyBusiness
Trump Mobile T1 Phone Arrives 9 Months Late, Not US Made
NBC News review finds Trump Mobile's T1 phone arrived 9 months late, is a rebranded HTC phone from Taiwan, and has a flag with only 11 stripes.
—4 min read
TechnologyBusiness
AMD's Lisa Su Predicts 5 Billion AI Users by 2030
AMD CEO Lisa Su held the company's first AI Developer Day in Shanghai, predicting 5 billion daily AI users by 2030.
—6 min read
International MediaBusiness
James Murdoch Acquires Half of Vox Media in $300M Deal
James Murdoch buys 50% of Vox Media for over $300M, acquiring New York Magazine, Vox.com, and the Vox Media Podcast Network through Lupa Systems.
—5 min read
TechnologyBusiness
OpenAI Eyes IPO, Musk Loses Lawsuit, AI Backlash Grows
OpenAI prepares for IPO as Musk loses $150B lawsuit; college graduates protest AI at commencements amid job displacement fears.
—5 min read
EconomyBusiness
Target Sales Surge, Schlitz Ends, Teen Jobs Hit Record Low
Target posts biggest sales jump in 4 years, Schlitz beer ends after 177 years, and teen summer jobs hit record lows in a complex U.S. economy.
—5 min read
EconomyBusiness
2026 CIFTIS Draws 223 Exhibitors, Adds WIPO as Co-Organizer
The 2026 China International Fair for Trade in Services announces 223 enterprises, Norway as guest of honor, and WIPO as co-organizer ahead of September.
—4 min read
BusinessCulture
Jupiler Launches Limited-Edition Apple Summer Beer
AB InBev launches Jupiler Apple, a limited-edition summer beer with apple flavor for the Belgian market, targeting younger drinkers seeking variety.
—4 min read
BusinessEnergy
NextEra and Dominion Merge to Create World's Largest Utility
NextEra acquires Dominion in a $67 billion all-stock deal, creating the world's largest regulated electric utility to meet AI-driven power demand.
—5 min read
BusinessTechnology
Meta to Lay Off 10% of Workforce in AI-Focused Restructuring
Meta plans to lay off 8,000 employees starting May 20 as it shifts 7,000 workers into AI roles and pours up to $135 billion into AI infrastructure.
—4 min read
BusinessTechnology
Tesla Semi Enters Mass Production, WattEV Orders 370 Trucks
Tesla's electric Semi enters volume production as WattEV orders 370 trucks in California's largest EV truck deployment, signaling a freight shift.
—4 min read
BusinessTransportation
Amazon Deploys Cargo Bikes to Combat Urban Double-Parking
Amazon is rolling out hundreds of cargo e-bikes in NYC and launching a DC pilot to replace delivery vans, reduce congestion, and combat double-parking.
—4 min read
BusinessLaw
DOJ Indicts Chinese Container Firms in Price-Fixing Case
DOJ unsealed indictments against four Chinese container firms and seven executives for an alleged price-fixing conspiracy during COVID-19.
—5 min read
BusinessCulture
Schlitz Beer Brewed for Last Time After 177-Year Run
Schlitz, the iconic beer that made Milwaukee famous, ends 177-year production. A final batch will be brewed May 23 using the original 1948 recipe.
—4 min read