Didi posted a Q1 2025 profit of RMB 2.4 billion, nearly tripling YoY, driven by operating efficiency gains and a 22.5% rise in platform sales. Adjusted EBITDA more than doubled to RMB 3.1 billion.

China is preparing to approve mazdutide, its first domestically developed dual-target obesity drug, after Phase 3 trials showed nearly half of higher-dose patients lost at least 15% body weight.

Tesla's Shanghai factory delivered 61,662 cars in May, down 15% YoY, marking an eighth straight monthly drop. With Chinese rivals like Xiaomi and BYD rolling out more affordable EV models, Tesla's ...

Consumer group BEUC has filed a complaint with the European Commission accusing Shein of using “dark patterns” to drive excessive consumption. The fast fashion company allegedly deploys countdown ...

GrabCab will debut a 40-car taxi fleet in Singapore this July, offering perks to attract new and inactive vocational license holders. Perks include a "safe driving bonus," quota-based incentives, fuel ...

Power prices in China’s industrial provinces have fallen to regulatory floors as coal costs plunge and renewable energy floods the grid. Jiangsu’s rate dropped 24% YoY while Guangdong saw an 8.3% cut, ...

Singapore’s Temasek is cutting exposure to early-stage startups, with 2024 commitments dropping to USD 509 million from USD 4.4 billion in 2021. The pullback follows rising interest rates and ...

Marubeni has signed its first long-term deal to purchase green ammonia from China’s Envision Energy, sourcing from an Inner Mongolia plant set to start commercial output in late 2025. The Japanese ...

OpenAI has launched new workplace tools for ChatGPT, including connectors to third-party apps and a record mode for meetings. Connectors provide instant access to company data from platforms like ...

The Shandong-born chain is expanding beyond its home turf, betting that supply chain depth and value pricing can win over ...

Nasdaq-listed RadNet has acquired See-Mode Technologies, a Singapore-based startup using AI to improve radiology workflows. The firm began with a focus on stroke prevention and now supports imaging ...

Syfe, a leading digital wealth platform, has closed its Series C round at USD 80 million, including a USD 53 million Series ...