Tracy Qu

The Chinese owner of bargain-shopping app Temu reported better-than-expected profit in the second quarter, as the company navigated fierce domestic competition and increased regulatory pressure.

The Hangzhou-based company is seeking to raise funding to bankroll research and development, and its expansion into computing infrastructure.

That's how much the Chinese artificial-intelligence startup would be valued in its latest fundrainsing round. The new funds would be funneled into R&D and expansion efforts, and comes as DeepSeek’s annual recurring revenue—a key metric for subscription-based services—has reached $500 million, accor

DeepSeek is set to soon secure new funding that would value the Chinese artificial-intelligence startup at $74 billion, building its war chest as it targets an initial public offering next year.

Meituan returned to profit in the second quarter as China's top food-delivery company recovered from a bruising price war in the world's second-largest consumer market.

Fast-fashion giant Shein slid in its long-awaited trading debut, as regulatory headwinds and slowing sales challenge a company once valued at US$100 billion.

China’s Moonshot AI has confidentially submitted an application for an initial public offering to Hong Kong’s stock exchange, people familiar with the matter said.

China's Moonshot AI has confidentially submitted an application for an initial public offering to Hong Kong's stock exchange, people familiar with the matter said.

Chinese humanoid-robotics companies could face a narrower path to public markets as authorities seek to calm the frenzy that followed robot maker Unitree’s roller-coaster listing.

Chinese humanoid-robotics companies could face a narrower path to public markets as authorities seek to calm the frenzy that followed robot maker Unitree's roller-coaster listing.