AiHuiShou’s Q2 Revenue Rises 56%, Fueled by Growing Electronics Recycling Network
Company releases first ESG report alongside its maiden earnings, aiming to spotlight its role in achieving China’s carbon-reduction goals Key points: AiHuiShou posts 56% revenue growth in its latest reporting…
Man Wah sets spin-off in motion for its sofa tech unit
The Chinese furniture giant is preparing to list its components subsidiary Remacro to raise the technology unit’s profile and open an independent funding channel Key Takeaways: After listing on China’s…
BRIEF: WeRide shares sink in Hong Kong trading debut
Shares of robotaxi operator WeRide Inc. (0800.HK, WRD.US) sagged in their Hong Kong trading debut on Thursday, opening 7.8% lower and falling throughout to close down 9.96% at HK$24.40. WeRide…
BRIEF: Pony AI falls in Hong Kong trading debut
Shares of robotaxi operator Pony AI Inc. (2026.HK, PONY.US) opened 11% lower in their Hong Kong trading debut on Thursday and continued to fall through the morning to close down 13…
Declining revenues, widening losses remove polish from Hiducation IPO
China’s fourth largest online vocational educator is looking for a high-tech boost from AI to jumpstart its business, as it searches for elusive profits Key Takeaways: Hiducation has filed to…
The business of ‘Knowing You’: AI companions fuel the emotion economy
Artificial intelligence is learning to ‘understand’ people to create a new wave of AI companionship that’s quietly reshaping how people connect with technology and themselves By Lee Shih Ta…
WuXi AppTec frees up money for Middle East push
The drugs services giant has stepped up sales of non-core Chinese assets to concentrate on its international expansion, with plans for a base in Saudi Arabia Key Takeaways: The company…
NEWS WRAP: Alibaba to roll Ele.me into newer Taobao Instant Commerce
The e-commerce giant will retire the meal delivery brand more than a decade after Ele.me revolutionized the sector using GPS location-based technology By Doug Young E-commerce giant Alibaba Group Holding…