Business

FTC and 22 States Sue Amazon Over Inflated Ad Auction Prices

The FTC and 22 states sued Amazon on Monday, alleging it overcharged 1.2 million advertisers by inflating online ad auction prices.

US Army Secretary Dan Driscoll Resigns After 18 Months on the Job

US Army Secretary Dan Driscoll is stepping down after 18 months, the White House said Monday, amid reported friction with Defense Secretary Pete Hegseth.

Meta May Overtake Google Search in Ad Revenue This Year, Bernstein Says

Bernstein analysts say Meta could pass Google Search in advertising revenue by year-end 2025, driven by returns on its roughly $60 billion AI spending.

PG&E Sinks 18%, Edison Falls 23% as California Wildfire Bill Omits Liability Cap

PG&E fell 18% and Edison International 23% after a California wildfire bill offered victim protections but no cap on utility liability, exposing investors

Supreme Court Lets Trump Continue $400 Million White House Ballroom Construction

A divided US Supreme Court ruled 5-4 on Monday to let the White House continue building a $400 million ballroom while lawsuits proceed. Roberts dissented.

Xiaomi SU7 EV Gets Major Overhaul: Enhanced Range, Safety, and Performance Challenge Tesla

Xiaomi has officially opened pre-orders for a significantly upgraded version of its popular SU7 electric sedan. The refreshed model boasts notable improvements in range,...

Xiaomi Ends Software Support for 19 Devices in 2026, Leaving Many Without Android 17

Xiaomi is set to discontinue software updates for a significant number of its devices in 2026, impacting users across its Xiaomi, Redmi, and POCO...

Alibaba’s Amap Unveils AI-Driven 3D Virtual Tours, Shaping the Future of Digital Maps

Alibaba Group’s mapping unit, Amap (AutoNavi), has introduced an innovative AI feature allowing users to experience immersive 3D virtual tours of restaurants and offline...

China’s Property Woes Trigger Art Market Meltdown

China's once-booming art market is experiencing a significant downturn, directly linked to the ongoing property crisis gripping the nation. The fallout from the real...

China Accelerates AI Ambitions: Targets Secure Core Tech Supply by 2027

China has unveiled an ambitious plan to achieve a secure and reliable supply of core artificial intelligence (AI) technologies by 2027. This strategic initiative...

Premier Li Champions Innovation-Driven Growth in Guangdong, Urges Strong Start to 15th Five-Year Plan

Premier Li Qiang concluded a significant inspection tour of Guangdong Province, emphasizing the critical role of innovation in driving China's future development. The visit,...

Global Manufacturing Shifts: Companies Diversify Production Away From China

Global manufacturing is undergoing a significant transformation as companies increasingly diversify their production bases away from China. This strategic shift is driven by a...

China’s Food Delivery Market Surges Towards Half-Trillion Dollar Valuation Amidst Fierce Competition and Evolving Consumer Habits

China's food delivery industry is on a trajectory for massive expansion, projected to reach nearly RMB 2 trillion (USD 277 billion) by 2027. With...

Haitian Machinery Inaugurates South China Headquarters to Drive Intelligent Manufacturing

Haitian Machinery has officially opened its new South China headquarters in Shunde District, Foshan City, marking a significant expansion and a key component of...

VENDLIFE: China’s Manufacturing Prowess Fuels Global Retail Revolution

VENDLIFE, a leading intelligent unmanned retail solutions provider from China, is at the forefront of transforming the global retail landscape. Leveraging its robust OEM...

China’s Shifting Stance on Nvidia Chips Amidst US-China Tech Tensions

China is reportedly signaling a potential shift in its approach to acquiring advanced AI chips from Nvidia. Following initial reports of a pause on...

Tech Giants Seal Landmark Hong Kong Office Deal Amidst Booming Real Estate Transactions

Alibaba and its affiliate Ant Group have finalized a significant acquisition of a prime office property in Hong Kong for $925 million. This substantial...

Asia-Pacific Markets Dip Amid Trump’s Defense Sector Scrutiny and Oil Price Volatility

Asia-Pacific markets experienced a general decline on Thursday, mirroring a downturn on Wall Street. The slump was attributed to escalating geopolitical tensions and critical...

Alibaba’s MAI-UI Emerges as a New Leader in AI GUI Agents, Outperforming Gemini 2.5 Pro

Alibaba's Tongyi Lab has unveiled MAI-UI, a groundbreaking family of foundation GUI agents designed to revolutionize mobile interaction. These agents demonstrate superior performance in...

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