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Chinese <a href="/industry/ev">EV</a> maker <a href="/company/avatr">Avatr</a> delivered 12,767 vehicles in May, up 179% YoY. The brand also launched an updated Avatr 12 sedan, introduced a wireless charging upgrade, and expanded its global footprint with new initiatives in Hong Kong and the Middle East.

US President Donald Trump and Chinese President Xi Jinping are expected to speak this week to address trade tensions, including tariffs and mineral export restrictions, according to the White House. The call follows a 90-day truce agreed in Geneva but comes amid slow progress, ongoing legal challenges, and unresolved structural issues.

Neuralink has confirmed the closure of its Series E funding round at USD 650 million, with backing from Ark Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, Valor Equity Partners, Vy Capital, and others. The funding will expand its clinical trials in the US, Canada, and UAE, and advance brain-computer interface applications for vision and speech restoration.

Wada FoodTech has raised USD 5 million in a pre-Series A3 funding round co-led by MindWorks ETEC Fund and Golden Resources, bringing its total backing to over USD 10 million. The company will use the funds to scale its hot-chain bento vending platform across Japan, the UK, EU, and Australia through franchising and AI-powered logistics.

<a href="/company/byd">BYD</a> plans to launch a low-cost electric kei car in Japan by 2026, targeting the USD 18 billion minicar segment that accounts for roughly 40% of local automotive sales. The <a href="/industry/ev">EV</a> will be tailored to Japan’s unique minicar specs and tax incentives, marking one of BYD’s first models designed specifically for export.

Truely has raised an additional USD 2 million from DG Daiwa Ventures, Goodwater Capital, Disrupt.com, and existing investor Beenext, bringing its total funding to USD 5.5 million. The travel tech firm offers eSIM data access without requiring SIM swaps and is expanding globally through consumer growth and B2B2C partnerships across travel and fintech sectors.

Globe Fintech Innovations, the company behind GCash, has approved a stock split to increase its authorized shares from 2.15 billion to 71.7 billion ahead of a potential IPO. The move maintains a PHP 2.15 billion capital base and is pending regulatory clearance, shareholder Ayala Corporation said.

<a href="/company/nvidia">Nvidia</a> is developing a China-specific <a href="/industry/semiconductors">AI chip</a>, the B30, that reportedly enables multi-unit clustering and complies with US export rules. Expected in July and based on the Blackwell platform, the chip is key to Nvidia’s efforts to retain market share amid H20 restrictions and mounting competition from <a href="/company/huawei">Huawei</a>.

Nearly two years after launching in the UK, <a href="/industry/e-commerce">e-commerce</a> platform <a href="/company/temu">Temu</a> is winning over local consumers, with 80% calling it good value and citing 25% average savings in the past year, according to Ipsos. Price remains the top reason for continued use among 60% of users, while 74% would recommend the platform and 40% plan to spend more in 2025.

Amber Premium posted Q1 2025 revenue of USD 14.9 million, rebounding to profitability after merging with iClick. Wealth management solutions led with USD 9.9 million, while client assets rose 11% to nearly USD 1.3 billion. Adjusted EBITDA reached USD 1.6 million, driven by product expansion and platform scale.

Lumos Robotics has secured nearly RMB 200 million across three angel funding rounds to scale its visuotactile <a href="/industry/robotics">robotics</a> platform. Its LUX series modules, designed for touch sensitivity, integrate haptic and visual input for fine control. The funds will support commercialization and deployment of its tech in logistics, manufacturing, and service robots.

Prada, Wynn, and others are betting on lifestyle experiences to offset slowing retail, but the real shift may be cultural.

As China’s luxury market cools, brands turn to food and wine to stir demand

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Trump export controls are expected to slash USD 8 billion from H20 chip revenue in Q2.

US wins if DeepSeek runs on American AI chips, Nvidia CEO says

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How does automation advance industry? Analyze robotic arms, drones, and AI-driven tools reshaping manufacturing and services.

Lumos is advancing humanoid robots beyond vision and large models, integrating tactile sensing to give machines a new mode of real-world interaction.

Avatr hits 12,767 units in May sales

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