China
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Xpeng Robotics Raises $900 Million, Targets IRON Humanoid Production in 2026
Xpeng's robotics division has secured over $900 million from top Chinese investors including Alibaba and Tencent, aiming to mass-produce its IRON humanoid robot by the end of the year despite challenges in its core EV business.
11 sources · over 2 days
Tesla Recalls 3 Million Cars in China After Door Handle Safety Scare
China has ordered Tesla to recall nearly 3 million vehicles due to emergency door handle safety concerns, prompting the country's largest-ever automotive recall and new scrutiny of minimalist car design.
31 sources · over 4 days
Alibaba's Profit Plunges 75% as AI Investments Soar and Stock Swings
Alibaba's quarterly profit collapsed after a massive $10 billion push into AI, sparking market volatility and a record-breaking share sale to fund its ambitions in artificial intelligence.
17 sources · over 5 days
Evergrande Founder Hui Ka Yan Sentenced to Life in Prison for Fraud
Hui Ka Yan, founder of China's Evergrande Group, has been sentenced to life in prison and had his assets seized, marking a dramatic turn for China's real estate sector amid a deepening property crisis.
30 sources · over 2 days
China's LandSpace Successfully Recovers Zhuque-3 Rocket Booster on Land
LandSpace's Zhuque-3 booster landing marks China's entry into the elite group of companies with reusable rocket technology, a step expected to lower launch costs and accelerate commercial space ambitions.
18 sources · over 2 days