Alibaba Reportedly Nears Sale of Lingxi Games to Trustar Capital for Over $1.5 Billion Amid Strategic Restructuring

Alibaba Group Holding Ltd., the Chinese e-commerce and technology giant, is reportedly nearing a definitive agreement to divest its gaming unit, Lingxi Games, to the private-equity firm Trustar Capital in…

Chinese AI Powerhouse StepFun Reportedly Undergoes Major Strategic Reorganization Amidst Global Expansion Push.

StepFun, a prominent Chinese artificial intelligence company, is reportedly executing a significant internal reorganization, pivoting its core operations around two burgeoning strategic lines: foundation models and agent devices. This ambitious…

Ford and Geely reportedly reach deal to produce EVs at Spanish plant

The European automotive landscape is poised for a significant transformation following reports that Ford Motor Company and China’s Zhejiang Geely Holding Group have reached a pivotal agreement. This deal, as…