Consumers’ preference for cheap meals is adding to the strain from austerity measures.

Bringing you the latest updates on funding and investment activity across the Asia Pacific.

Xiaohongshu is elevating AI across its organization while trying to protect the community that made it valuable.

Known for its gold-and-ruby aesthetic, the brand is entering some of the country’s most selective luxury retail spaces.

Mixue’s large store in Guangzhou is part of its efforts to differentiate itself from competitors.

Its footprint now spans dozens of cities across 12 countries.

It is getting more profit out of retail, even as quick commerce spending tests the limits of that improvement.

Heavier spending has wiped the tech giant’s profit and pushed cash flow negative, even as AI demand continues to outstrip supply.