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 ...

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 ...

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 ...

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, ...

From May 13 to June 18, over 60,000 brands on Douyin E-commerce saw YoY sales double during the 618 festival, with more than 2,000 products exceeding RMB 10 million in GMV. Live streams drove around ...

Sanhua Intelligent Controls, a major Chinese supplier of refrigeration and air conditioning components, dropped 7% in its Hong Kong trading debut on June 23, despite backing from Jane Street Group, ...

China-based Unisound is offering 1.561 million shares in a Hong Kong IPO running June 20–25, with shares priced at HKD 165–205 each. Trading is set to begin June 30. The firm develops AI tools for ...

Huawei Cloud unveiled its CloudRobo platform at its developer conference on June 20, reportedly offering embodied AI capabilities built on the Pangu model. The system supports multimodal data ...

The home audience is cheering the film’s technical feats and box office success for highlighting self-reliance.