An Arcfox vehicle features Pony.ai’s seventh-generation system is shown at the Shanghai auto show in April. [Photo by Li Fusheng/chinadaily.com.cn] Nasdaq-listed Pony.ai reported strong unaudited financial results for the first quarter of 2025 on Tuesday, buoyed by a surge in robotaxi revenues and progress on cost-efficient mass deployment. Total revenue in the quarter rose 12…
Cheng Lu, president and CEO of CreateAI delivers a speech. [Photo provided to chinadaily.com.cn] The revolution of artificial intelligence in digital entertainment content is a once in a life time opportunity, said Cheng Lu, president and CEO of Chinese artificial intelligence technology company CreateAI, adding that AI will reshape the industry landscape of video games and…
Twelve Chinese cities were evaluated as the top 100 most valuable cities in the world, according to a ranking released by brand value evaluation agency GYbrand on Feb 26, 2023 in Guangzhou, Guangdong province. The top 100 most valuable cities are from 47 countries, with the United States taking the lead with 20 and China…
Staff members sort packages at a delivery distribution center in Lianyungang, Jiangsu province, on Wednesday. Geng Yuhe / for China Daily Chinese consumers have exhibited robust purchasing power for home appliances and intelligent electronic products during this year’s “618” shopping carnival, a weekslong sales event that culminates on June 18, as e-commerce platforms have ramped…
Lei Jun, chairman and CEO of Xiaomi, speaks during a product launch event in Beijing on Thursday. [Photo provided to chinadaily.com.cn] Xiaomi Corp said on Thursday it will invest 200 billion yuan ($27.8 billion) in research and development from 2026 to 2030, as the Chinese company aims to beef up its technological prowess in crucial…
Visitors attend a drone expo in Shenzhen, South China’s Guangdong province, May 23, 2025. [Photo/Xinhua] SHENZHEN — China’s drone industry is soaring into a new era of cognitive capability, with artificial intelligence (AI) transforming unmanned systems from remote-controlled tools into autonomous problem-solvers. At the ninth Drone World Congress that closed on Sunday in the southern…
BEIJING — China’s local governments issued new bonds worth about 1.49 trillion yuan ($207.63 billion) in the first four months of 2025, data from the Ministry of Finance showed Wednesday. Of the total, special-purpose bond issuance came in at over 1.19 trillion yuan, while general-purpose bond issuance amounted to 302.3 billion yuan. By the end…
Norbert Kray, chairman of DNV China, talks of DNV’s development in China during a media interview on May 29. [Photo by Gu Yingjie/chinadaily.com.cn] Top executives from European multinationals highlighted their commitment to aligning with China’s development priorities by capitalizing on Shanghai’s strengths in talent and innovation during recent interviews. These companies restated their dedication to…
Hong Kong’s introduction of the world’s first dedicated legislation on fiat-referenced stablecoins — a type of cryptocurrency — marks a significant milestone in the city’s push to solidify its status as a global financial hub that pioneers in virtual asset regulation, financial experts said. The move also reflects China’s broader strategic ambition to strengthen its…
He Xiaopeng, chairman and CEO of Xpeng, showcases the MONA M03 Max car model. [Photo provided to chinadaily.com.cn] Chinese new energy vehicle company Xpeng Motors debuted its highly anticipated MONA M03 Max model, bringing premium artificial-intelligence-powered driving to the affordable electric vehicle market. A game-changer in the industry, the MONA M03 Max integrates Xpeng’s Turing AI-assisted…