Anysphere, maker of the AI coding assistant Cursor, has raised USD 900 million at a USD 9.9 billion valuation. Thrive Capital led the round, joined by a16z, Accel, DST Global, and others. The company ...

SMIC has sold its 14.83% stake in Ningbo Semiconductor International (NSI) to Goke Microelectronics, which aims to raise its shareholding to 94.37%. The move supports SMIC’s core business focus and ...

Elon Musk’s AI startup xAI lost USD 341 million on USD 52 million in Q1 2025 revenue but projects USD 13.1 billion in EBITDA by 2029, according to investor materials. The firm plans USD 18 billion in ...

TikTok has blocked search results for #SkinnyTok after pressure from European regulators, citing links to harmful weight loss content. The move follows an EU investigation launched in April amid ...

Biotech firm Allay Therapeutics has raised USD 57.5 million in a Series D funding round co-led by Lightstone Ventures and ClavystBio, with participation from NEA, Arboretum Ventures, Vertex Growth, ...

BYD said overseas sales hit 89,000 in May, a new high, at its latest annual meeting. Chairman Wang Chuanfu pledged a multiyear rollout of assisted driving features focused on safety and admitted EVs ...

China Eastern Airlines and Cainiao have launched what they call the world’s first smart hangar system, using AI to detect aircraft damage and predict faults. Now active at two Shanghai sites, the ...

BYD’s discount promotion means its lowest-priced model, the Seagull with assisted driving features, starts at RMB 55,800 (USD ...

Meituan has launched an AI tool for hotel merchants, billed as the first of its kind, to optimize operations and boost efficiency. The move supports growing demand for personalized, bundled travel ...

China Renaissance disclosed it invested in Circle in 2018 through its Huaxing New Economy Fund, as shares in the USDC issuer surged 168% on their New York debut. The stake, likely under 5%, reflects ...

The startup is building bots that prioritize emotional presence over technical perfection, hoping that’s what wins over ...

Chinese energy financing in Africa has dropped 85% since 2015, steering the continent toward private capital and clean energy, according to the IEA. Public and DFI funding fell to USD 20 billion in ...