IPO filings, shutdowns, and a deepening price war signal the start of a high-stakes consolidation phase in outdoor robotics.

With USD 560 million in revenue and 870 patents, Govee is heading toward an IPO, built quietly by a founder who has never ...

With MiniMax eyeing an IPO and Baidu’s avatars boosting sales, China’s AI players are moving beyond the lab and into the ...

Meituan is winding down Youxuan in multiple regions while retaining operations in areas like Guangdong and Hangzhou. Staff are shifting to a new offline retail project under Xiaoxiang Supermarket ...

Alibaba’s Taobao Shangou and Ele.me logged over 40 million daily orders as of May 26, following a combined total of 60 million during the 618 shopping festival. Alibaba is now prioritizing quick ...

Tesla has launched an invite-only robotaxi service in Austin, offering rides in self-driving Model Ys between 6 a.m. and noon (local time) for a flat fee of USD 4.2. The pilot is limited to a fixed ...

Meta held talks to acquire Perplexity AI before moving ahead with a USD 14.3 billion investment in Scale AI, sources said. The deal fell through, and Meta has since ramped up recruitment for its ...

Tesla has signed a RMB 4 billion deal with the Shanghai government and China Kangfu International Leasing to build what it says will be China’s largest grid-side battery storage plant. The project ...

Edgnex, a unit of Dubai’s Damac Group, will invest USD 2.3 billion in a 144 MW data center in Jakarta, Indonesia, with operations expected to begin later this year. The project is part of Edgnex’s USD ...

TikTok said it was “grateful” for the US extending its divest-or-ban deadline to September 17, allowing continued access to American users. It added that it is still working with US vice president JD ...

Anker Innovations issued a voluntary recall on June 20 for select batches of seven power bank models due to material defects in battery cells. The company has pulled affected products and cut ties ...

A Pop Mart restock of its popular Labubu collectibles drove down resale prices, fueling speculation about softening demand. The company’s shares fell around 6% on June 17 and dipped again on June 20, ...