China Biz Buzz tells the story of business in China as it's being rewritten. From harbors to high-rises, new ideas are redefining markets. We follow the innovators and builders whose work crosses borders, reshapes industries, and sets new terms for the future. Each in-depth report offers a window into the China-driven forces remaking the modern world.
Daily Buzz
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Iran said it would halt indirect peace talks with the US because of the widening Israeli assault on Lebanon. US President Donald Trump stepped in to calm tensions, securing an agreement from Iran ally Hezbollah representatives that the group will cease attacks on northern Israel if Israel drops...
Top Business
Beijing-based Meituan, China's biggest food-delivery platform, turned to a first-quarter net loss of 6.8 billion yuan (US$940 million) from a profit of 10.1 billion yuan a year earlier, largely on costs related to its on-demand food delivery business. Revenue rose 5.6 percent to 91.0 billion yuan.
Economy & Markets
Chinese smart appliance maker Dreame Technology has launched a pre-IPO funding round seeking to raise up to 7 billion yuan (US$1 billion), which would value the company at about 70 billion yuan, Chinese media outlet Blue Whale Finance reported.
Corporate
Hangzhou-based robotics firm Unitree has been selected by chip giant Nvidia as its partner in the development of the US company's first humanoid robot, called the Isaac GR00T system. It will combine Unitree's nearly 1.
