PDD Holdings reported Q2 2025 revenue of RMB 104 billion, up 7% YoY, driven by online marketing and transaction services. Operating profit fell 21% to RMB 25.8 billion, while net income dropped 4% to ...

Huawei is restructuring its cloud unit to focus on AI, merging departments into six divisions including computing and cybersecurity. The overhaul follows 2024 losses and mounting US chip restrictions, ...

Starbucks has asked bidders including Carlyle, EQT Partners, Hillhouse, Primavera Capital Group, and Tencent to submit non-binding offers for its China business within two weeks. A management ...

The release positions mixed reality as both a next-gen consumer interface and a testing ground for robots learning to ...

Xiaohongshu will waive commissions on the first RMB 1 million in sales per merchant from September 1, 2025, to August 31, 2026, charging only a 0.6% processing fee. The platform-wide initiative ...

Hong Kong plans to open a trade office in Riyadh as visitor arrivals from Gulf countries rose over 50% YoY through July, following a 70% surge in 2024. Financial secretary Paul Chan said bilateral ...

Xiaomi opened its largest Yunnan store on August 23 at Kunming’s Park 1903. The 1,600-square-meter store features EVs like the YU7, AIoT devices, home appliances, and a lounge. The launch marks a ...