Nearly 80,000 Chinese AI-related Firms Disappear Since ChatGPT Launch

Despite the initial surge in AI startups fueled by the technology boom, many companies have struggled with financial viability, facing the dual challenges of high cash burn rates and a cooling investment climate.

Tesla Says They Have Deployed Two Optimus Bots for Automated Tasks in the Factory

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iPhone shipments surged 52% YoY and grew much stronger than a bounceback of 12% YoY increase in March after a 37% plunge in the first two months of the year

Chinese electric vehicle (EV) manufacturer Nio Inc. i

Chinese electric vehicle (EV) manufacturer Nio Inc. i

Foreign Tourists Return to China as Visa-Free Policy Coverage Expands

"During peak times, I had to handle three groups in a day," Jin recalls. The practice of managing multiple groups in a day, referred to as "group stacking," became commonplace as guides rushed from one tour attraction to another.

Chinese Young People Are Turning to AI Fortune Cookies

In a world filled with uncertainties, today’s young people in China, including those with advanced degrees, are increasingly seeking comfort in unconventional ways.

A Grand Wedding and $8 Billion Fujianese Business Network

This marriage between the heir and heiress of two enterprises is undoubtedly a strategic move, enabling the two to complement resources and fend off risks together, with far-reaching implications for both families.

Qatar's Sovereign Wealth Fund to Acquire 10% Stake in China's Second-Largest Mutual Fund Firm

The deal would make QIA the third-largest shareholder in ChinaAMC, a leading asset manager with over $248 billion (RMB 1.8 trillion) in assets under management. ChinaAMC offers mutual funds and exchange-traded funds to both individual and institutional investors.