Luckin Coffee posted Q1 2025 revenue of RMB 8.87 billion, up 41% YoY, with GAAP net income reaching RMB 525 million. Same-store sales growth turned positive at 8.1%, while store-level margins improved ...

Guangzhou Sunhongs, a data center service provider backed by Xiaomi founder Lei Jun, is pursuing a listing on the Beijing Stock Exchange after pulling its Shenzhen IPO bid in 2023. The firm is ...

Uber and Momenta have signed a deal to launch autonomous vehicles outside the US and China, starting in Europe in 2026 with safety drivers onboard. The partnership aims to combine Uber’s global reach ...

DailyCo has acquired Waku, an institutional catering firm serving clients in 20 cities across Indonesia, to expand its footprint in the country’s B2B food services market. Waku CEO Anthony Gunawan ...

Low-altitude sightseeing flights under 1,000 meters proved popular across China during the Labor Day break, with cities offering tours via helicopters and unmanned aircraft from eVTOL providers like ...

Hong Kong leader John Lee will lead a delegation to Qatar and Kuwait on May 10 to explore business ties, marking his second trip to the Middle East since 2023. The visit aims to promote Hong Kong’s ...

CATL has passed its listing hearing with the Hong Kong Stock Exchange. In 2024, it held 37.9% of the global EV battery market and 36.5% of the storage battery market, with major clients including BMW, ...

Shein and Temu ramped up digital ad spending in Europe in April, with double-digit gains in France and the UK, as looming US tariffs undercut growth in their core market. Both fast fashion platforms ...

Uber and Momenta have signed a deal to launch autonomous vehicles outside the US and China, starting in Europe in 2026 with safety drivers onboard. The partnership aims to combine Uber’s global reach ...

DailyCo has acquired Waku, an institutional catering firm serving clients in 20 cities across Indonesia, to expand its footprint in the country’s B2B food services market. Waku CEO Anthony Gunawan ...

DailyCo, an Indonesian food and beverage operator, has acquired Wadah Kuliner (Waku), a company that provides institutional ...

Xiaomi has opened an automotive R&D center in Munich, with a compact team focused on high-performance EVs like the Nurburgring edition of the Xiaomi SU7 Ultra. While no formal sales network exists in ...