BRIEF: Pony.ai drops 7.7% in Nasdaq debut

Shares of robotaxi operator Pony.ai (PONY.US) fell 7.7% in their Nasdaq trading debut on Wednesday, after the company raised $260 million by selling 20 million American depositary shares (ADS) priced…
Illustration of an Uber robotaxi by WeRide running in UAE

PODCAST: WeRide’s Spin with Uber, and Starbucks’ New China CEO

Uber will offer WeRide robotaxi services starting in the UAE. Is this a big deal, or mostly symbolic? And Starbucks names a new China CEO to revive its flagging local operation. Will that be enough to tackle the challenge from low-price companies like Luckin and Cotti?
Chenqi gets ready to list

Chenqi bets big on robotaxis in Hong Kong IPO

The ride-sharing company’s listing could raise up to $167 million as its shares get set to debut next Wednesday Key Takeaways: Shares of Chenqi will make their trading debut next…