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Xreal Founder Bets AI Will Push Smart Glasses Beyond Hype

Xu Chi, founder of the Chinese augmented reality startup is leaning on a Google partnership to help commercialize smart glasses, though the sector faces hurdles including limited battery life and a lack of apps

China’s Robotics Funding Frenzy Picks Up

The fundraisings of Astribot, Spirit AI and XYZ Embodied AI exemplify the boom in the industry, whose leaders are moving toward domestic listings

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Apr 24, 2026 06:57 PM
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Business Brief (June 3): U.S. Cuts Tariffs on Farm Equipment

Tencent Cloud slashes AI prices, Ministry of Finance allocates childcare subsidies

Jun 03, 2026 06:22 PM

Energy Insider: China Issues Accounting Guidelines for Non-Fossil Power Consumption

Electric-heavy-truck makers rev up Hong Kong IPOs, SAIC to build $232 million factory in Spain

Jun 03, 2026 06:13 PM

China Arms Itself With New Legal Tools to Scruntinize Overseas Investment

Set to take effect next month, the rules enable Beijing to restrict technology transfers and counter foreign sanctions as it seeks to protect strategic industries

Jun 03, 2026 05:58 PM

China Tax Enforcement Drives Surge in Back-Tax Payments

Dozens of listed companies have disclosed more than $675 million in back taxes, late fees and fines so far this year

Jun 03, 2026 05:38 PM

Beijing Moves to Protect ‘Over-Age’ Employees as Pension System Undergoes Reform

Starting July 1, a landmark regulation will grant independent legal status and injury insurance to workers past retirement age, reshaping relations in the world’s rapidly aging labor market

Jun 03, 2026 04:53 PM

Local Party Chief Investigated After Deadly Chinese Coal Mine Blast

Zhao Yongjin, who led Qinyuan county in Shanxi province, is targeted by anti-graft watchdogs following a gas explosion that killed dozens and exposed major safety coverups

Jun 03, 2026 04:43 PM

Surging Demand for Off-Site Medical Care Strains China’s Health Insurance Funds, Report Says

A surge in patients traveling across regions for treatment has driven off-site medical spending to more than a quarter of China’s national health insurance budget, raising pressure on local regulators

Jun 03, 2026 04:40 PM

Tiger Brokers to Curb Chinese Mainland Trades Under Beijing Clampdown

Offshore brokerage to impose restrictions as China tightens cross-border trading rules

Jun 03, 2026 01:05 PM

Commentary: Why Silicon Valley Is Suddenly Hiring Philosophy Majors

Artificial intelligence is commoditizing technical skills. To truly harness its power, humans must master the art of asking the right questions

Jun 03, 2026 12:14 PM

CX Daily: China’s Local Fiscal Recovery Hides Scramble to Plug Budget Holes

A look beyond headline growth figures reveals how provinces are relying on the monetization of state assets to fill in the gaps in their budgets

Jun 03, 2026 09:00 AM

China’s Ex-Top Graft Inspector Swept Up in Corruption Probe

Li Xiaohong, a former top anti-corruption enforcer and securities industry veteran, is under investigation

Jun 03, 2026 02:54 AM

Macao Joins $56 Billion Central Bank Digital Currency Platform mBridge

Eleven local banks begin trading on the blockchain-based platform as the Digital Macao Pataca enters sandbox testing

Jun 03, 2026 12:23 AM

SAIC Motor to Build $232 Million Auto Plant in Spain

The Galicia facility will produce 120,000 vehicles annually as Chinese automakers rush to localize production in Europe

Jun 02, 2026 11:46 PM

General Mills to Sell Häagen-Dazs China Shops to Local Investor Group

The U.S. food giant is offloading its struggling physical stores to focus on retail, while Chinese tea chain Ningji looks to expand into frozen desserts

Jun 02, 2026 10:52 PM

Zhipu Seeks $2.2 Billion Shanghai Listing to Fuel AI Expansion

China’s largest model developer by revenue plans to raise 15 billion yuan through a secondary listing on Shanghai’s STAR Market, less than six months after its blockbuster Hong Kong debut

Jun 02, 2026 06:46 PM

Alibaba Elevates Tech Chief Wu Zeming to Leadership Committee

The appointment underscores the company’s growing emphasis on AI as it adds more tech experts to its top decision-making team

Jun 02, 2026 06:07 PM



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