Alibaba has entered the smart glasses market with the debut of its "Quark AI" eyewear at WAIC 2025. Powered by Qualcomm’s AR1 chip, the glasses integrate with Alibaba apps including Alipay, Taobao, ...

On July 25, STO Express announced it will acquire 100% of Danniao for RMB 362 million. The Cainiao-backed logistics firm provides same-day and next-morning delivery services in China. The deal is ...

HeyTea’s "Triple Supreme" matcha latte went viral after Blackpink’s Lisa posted a photo with the drink, reportedly sparking a surge in demand. The Chinese tea chain launched a buy-one-get-one ...

Pfizer has licensed global rights to 3SBio’s cancer drug SSGJ-707 for USD 1.25 billion upfront, in what may be the largest single-drug deal in China’s biotech sector. It will pay an additional USD 150 ...

Pony.ai has begun 24-hour autonomous vehicle testing in Beijing, Guangzhou, and Shenzhen, expanding trials to nighttime scenarios with limited public transit. The Arcfox Alpha T5 fleet, co-developed ...

Since startup DeepSeek became the pride of China by singlehandedly sending Nvidia’s stock price sharply lower with its ...

OpenAI is preparing to launch GPT-5 as early as August, CEO Sam Altman confirmed. The model will come in full, mini, and nano versions, integrating o-series reasoning, and will be available via API ...

JD.com is in advanced talks to acquire German electronics retailer Ceconomy for EUR 4.6 per share, valuing the company at about EUR 2.2 billion. The offer represents a 23% premium, but no binding deal ...

US commerce secretary Howard Lutnick said on July 24 that TikTok will be banned in the US unless China allows American ownership and control of the app. ByteDance has until September 17 to divest ...

Tencent has begun beta testing CodeBuddy, an AI-driven IDE that reportedly lets users build applications using natural language, without writing code. More than 50,000 developers joined the 24-hour ...

New capital, maturing pipelines, and a more global R&D mindset are pushing valuations higher, even as competition tightens.

DJI has released a teaser for its first robot vacuum, the Romo, with a launch set for August 6. The model reportedly features a transparent dock, automatic emptying, and advanced navigation. While ...