Ele.me will retire its legacy tiered membership system by July 31, shifting users to a new program launched during the 618 shopping festival. Aimed at high-frequency users, the updated scheme ...

Meituan hit 1.5 billion daily orders on July 12 as China’s top delivery platforms escalated subsidy campaigns with “zero yuan” deals and steep discounts. While demand surged, analysts warned of profit ...

Moonshot AI has released Kimi K2, a trillion-parameter open-source model built on a MoE framework and designed for math, coding, and agentic tasks. Offered in base and instruct versions, the ...

SpaceX is investing USD 2 billion in xAI as part of the latter’s USD 5 billion equity funding round. It marks SpaceX’s first known stake in the Grok chatbot maker and reflects Elon Musk’s broader ...

Shopee’s July 7 sale set a new record, with GMV reaching twice its 2024 Black Friday total. Strong demand for beauty, fashion, and home goods pushed daily unit sales past 1 million. Live streams drew ...

Google is paying about USD 2.4 billion for talent and licensing rights from AI startup Windsurf, after a planned acquisition by OpenAI fell through over conflicts tied to Microsoft’s access to IP.

China’s 2D fandom market hit RMB 597.7 billion in 2024, doubling since 2019 as demand for both domestic and international IP surges. At Shanghai’s Bilibili World carnival, 300,000 fans gathered in ...

TikTok will require all sellers to adopt GMV Max, its AI-powered ad tool, starting July 15, fully replacing its preexisting ad system. Reportedly designed to maximize GMV and ROI, the tool automates ...

Xpeng has opened European orders for its revamped G6 and G9 electric SUVs, featuring an 800-volt architecture, ultrafast charging, redesigned interiors, and AI -powered driving assistance. The models ...

Samsung launched the Galaxy Z Fold 7, Z Flip 7, and the lower-cost Flip 7 FE, featuring thinner designs, upgraded cameras, and new AI-driven tools powered by Snapdragon chips. The move comes as ...

Centurium Capital, majority shareholder of Luckin Coffee, is reportedly among nearly 30 firms bidding for a stake in Starbucks China, which may be valued as high as USD 10 billion. Starbucks aims to ...

TikTok will require all sellers to adopt GMV Max, its AI -powered ad tool, starting July 15, fully replacing its preexisting ad system. Reportedly designed to maximize GMV and ROI, the tool automates ...