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AI Video Startup Avolution.ai Will Be Acquired by MiniMax

The AI video startup ‘Avolution.ai’ will be acquired by MiniMax. The two parties have already finalized the acquisition intention. Exclusive information obtained from multiple insiders reveals that the AI video startup ‘Avolution.ai’ will be acquired by MiniMax. The two parties have already finalized the acquisition intention, and the related process is still ongoing. As of

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ATRenew Achieves Record Revenue and Profit in 2024 as Trade-in Momentum Accelerates

ATRenew, a leading Chinese platform for pre-owned consumer electronics trading and recycling, announced robust financial results for the fourth quarter and full year of 2024 on March 11, highlighting strong revenue growth and profitability driven by accelerating trade-in services and diversified product offerings. ATRenew Inc. (NYSE: RERE), a leading Chinese platform for pre-owned consumer electronics

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Porsche CEO Listed Chinese Market as Primary Challenge Upon 2024 Performance Report Release

In 2024, Porsche’s sales in China plummeted by 28% to 56,887 cars. In 2021, China was Porsche’s largest market with sales of 96,000 cars. In 2024, Porsche sold a total of 311,000 cars globally, a 3% decrease compared to the previous year. The company achieved an annual revenue of 40.1 billion euros, a 1.1% decrease

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Xpeng CEO Optimistic About Competing with Tesla’s FSD in China

He Xiaopeng emphasized that Xpeng’s Level 3 (L3) autonomous driving capabilities would “far surpass” Tesla’s FSD V13, though he noted that Tesla might continue to iterate with future versions like V14 or V15. He Xiaopeng, Chairman and CEO of Xpeng Motors, recently expressed confidence in the company’s position in China’s autonomous driving sector, asserting that

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Huya 2024Q4 and Full Year Earnings Analysis: Adjusted Net Income More Than Doubled in 2024 with $400M 2025-2027 Dividend Plan

HUYA Inc., China’s leading game streaming platform, reported Q4 and 2024 results Tuesday with adjusted net income up 125.6% to $36.8 million, positive operating cash flow of 94 million yuan, and announced a minimum $400 million dividend plan for 2025-2027. HUYA Inc., the leading game live steaming platform in China, released its fourth quarter and

Huya 2024Q4 and Full Year Earnings Analysis: Adjusted Net Income More Than Doubled in 2024 with $400M 2025-2027 Dividend Plan Read More »

Telus responds to ‘frivolous’ lawsuit, accuses Bell of ‘anti-competitive acts’

The battle between Bell and Telus over wholesale fibre access is heating up as the telecom giants sue each other. Telus filed a statement of defence and counterclaim on July 28 in response to a Bell lawsuit from June. Bell’s lawsuit accused Telus of training sales people to sell an unlicensed internet protocol television (IPTV)

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Apple TV+ confirms new series from Breaking Bad creator coming in November

“Pluribus” is a mysterious sci-fi series from Vince Gilligan that stars Better Call Saul’s Rhea Seehorn Apple has begun teasing Pluribus, a mysterious new sci-fi Apple TV+ series from Breaking Bad creator Vince Gilligan. On social media, the official Apple TV+ account shared a brief teaser for the show alongside confirmation of a November 7 premiere date.

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New on Crave: August 2025

Highlights include Peacemaker (Season 2), Final Destination Bloodlines and Outlander: Blood of My Blood Bell has revealed the full list of movies and TV shows coming to its Crave streaming service in August. Highlights include Peacemaker (Season 2), Final Destination Bloodlines and Outlander: Blood of My Blood. August 1 The Bad Guys Criminal — Starz Downton Abbey: A New Era Final Destination: Bloodlines The

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Telus provides wireless to Cogeco, calls for fairness in fibre access

Cogeco’s wireless service will launch more widely this fall Telus announced that it is Cogeco’s wholesale wireless partner, powering the company’s wireless launch in Canada. Telus says that it will power Cogeco’s wireless offerings in Ontario and Quebec through the CRTC’s mobile virtual network operator (MVNO) framework. Earlier this month, Cogeco announced that its wireless

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