Meituan Launches Groundbreaking Drone Delivery Network in Shanghai’s West Bund, Featuring China’s First Dedicated Route with McDonald’s.

Meituan, China’s dominant on-demand service platform, has initiated a significant advancement in urban logistics by establishing a low-altitude delivery network in Shanghai’s prestigious West Bund area. This pioneering move includes…

Provisions on the Management of Multi-Channel Distribution Services for Internet Information Content

The Cyberspace Administration of China (CAC), in conjunction with several high-level state ministries, has officially released the Provisions on the Management of Multi-Channel Distribution Services for Internet Information Content. Formulated…

China Targets 9,800 EFLOPS Intelligent Computing Capacity by 2030, Underlining Ambitious Digital Transformation

China’s Ministry of Industry and Information Technology (MIIT) has unveiled an ambitious target to achieve 9,800 EFLOPS of intelligent computing capacity by the year 2030, a cornerstone objective outlined within…

Apple Unveils iPhone Duo, Igniting a New Era in the Global Foldable Smartphone Race

Apple has officially entered the competitive foldable smartphone market this week, launching its highly anticipated first foldable iPhone, the iPhone Duo. Priced at a premium starting at $1,999, the device…

Alipay Unveils AI Wallet Agent at 2026 Bund Summit, Pledging Trust and Enhanced Transaction Management

Alipay, the leading digital payment platform operated by Ant Group, announced at the highly anticipated 2026 Bund Summit its strategic plans to launch an innovative AI wallet agent. This pioneering…

Embodied AI startup PHYMI raises nearly US$100 million in seed funding

The substantial investment was spearheaded by IDG Capital, a prominent venture capital firm with a long history of backing transformative technology companies. Joining IDG Capital in this pivotal funding round…

Chinese AI Powerhouse DeepSeek Engages CITIC Securities for Landmark STAR Market IPO

Chinese artificial intelligence startup DeepSeek has formally appointed CITIC Securities, one of China’s leading investment banks, to manage its preparations for an initial public offering (IPO) on Shanghai’s STAR Market,…

XPeng Ignites Humanoid Robot Production with Automated Assembly Line for IRON

On Tuesday, XPeng, a prominent Chinese electric vehicle manufacturer known for its innovation in smart mobility, announced a significant leap in its robotics ambitions: the commencement of operations for its…

Global Wrist-Worn Device Shipments Experience Downturn in Q2 2026 Amidst Market Maturation and Innovation Imperatives

Global shipments of wrist-worn devices experienced a notable decline in the second quarter of 2026, falling 4.3% year-on-year to a total of 48.01 million units. This contraction, as reported by…

Audi’s Strategic Restructuring in China: A Dual-Brand Approach to Navigate the Evolving Automotive Landscape

Audi’s comprehensive plan to strategically redistribute its operations within the critical Chinese market has reportedly reached a broad finalization, signaling a significant shift in its approach to the world’s largest…