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Geely Auto launched its electric SUV, the EX5, in Athens on June 24, marking its official entry into the Greek market. Vehicles will be imported and s…

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<a href="/company/geely">Geely Auto</a> launched its electric SUV, the EX5, in Athens on June 24, marking its official entry into the Greek market. Vehicles will be imported and sold through GEO Mobility Hellas, a subsidiary of Union Group. Geely now operates in over 15 European countries and plans to expand further.

A US judge ruled that Meta’s use of books to train its Llama <a href="/industry/ai">AI</a> model qualifies as “fair use” under copyright law, dismissing a lawsuit from 13 authors including Sarah Silverman. The court found the plaintiffs failed to show market harm but stressed the ruling is limited to this case and does not validate broader AI training practices. A similar decision was recently issued in a <a href="https://kr-asia.com/pulses/155031">case involving Anthropic</a>.

MegaRobo Technologies, a life sciences automation and robotics company, has filed for a potential listing on the Hong Kong Stock Exchange, appointing Morgan Stanley, Huatai Financial, Deutsche Bank, and CCB International as overall coordinators. No public offering is currently underway, and the listing remains subject to regulatory approval.

Casbot, a Chinese startup focused on <a href="/industry/robotics">humanoid robots</a>, has raised nearly RMB 100 million in an angel plus funding round. Backers include Lens Technology, Tianjin Jiayi, and existing investors SDIC Unity Capital and Henan Asset Management. The funds will support mass production and R&amp;D as Casbot expands in industrial and mining applications.

FWD Group, backed by billionaire Richard Li, is seeking HKD 3.5 billion in a Hong Kong IPO by offering 91.3 million shares at HKD 38 each. Trading is set to begin on July 7, marking a long-awaited debut after a scrapped US listing in 2021 and multiple postponements. The deal is backed by Morgan Stanley and Goldman Sachs.

<a href="/company/nvidia">Nvidia</a> CEO Jensen Huang said <a href="/industry/robotics">robotics</a> is the company’s next priority after chips. Speaking to shareholders, he outlined plans to power billions of autonomous systems, including self-driving cars and robotic factories, expanding Nvidia’s focus to cover virtual simulation, motion training, and real-world deployment, among other areas.

<a href="/company/tesla">Tesla's</a> robotaxi pilot in Austin, Texas has revealed multiple issues, including erratic lane changes, abrupt stops, and unsafe alighting points, according to videos from riders. Despite the presence of safety monitors, the footage has drawn scrutiny from road safety experts and local officials. Tesla has not publicly addressed the incidents.

Koitake, a designer toy unit under Damai Entertainment (formerly Alibaba Pictures), has been shut down due to low revenue and limited market traction. The brand contributed just 2% of fiscal 2025 revenue for Hujing, <a href="/company/alibaba">Alibaba’s</a> rebranded digital media and entertainment division. The move aligns with a broader pivot toward live events and IP merchandising.

<a href="/company/nvidia">Nvidia</a> shares hit an all-time high on June 25, rising 4.3% to USD 154.31 and lifting its market cap to USD 3.77 trillion, surpassing Microsoft as the world’s most valuable public company. The chipmaker has gained 63% since April, fueled by strong earnings and sustained demand for <a href="/industry/ai">AI</a> infrastructure.

Microsoft and <a href="/company/openai">OpenAI</a> are at odds over a contract clause that would end Microsoft’s access to artificial general intelligence if OpenAI achieves it. Microsoft has pushed to remove the provision, but OpenAI has refused. Both companies said talks are ongoing and that they remain optimistic about continuing their partnership.

Toy manufacturers in Chenghai, China’s largest plastic toy hub, are ramping up production to meet holiday demand. The district exported RMB 10.24 billion in toys last year and now reports rising overseas orders despite higher freight costs to Europe and South America. US shipping rates have eased but remain 30% above early-year contract levels.

From underground mining to quality inspection, Casbot’s machines target environments where traditional automation falls short.

China’s Casbot bags funding to build humanoid bots for tough industrial work

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Koitake, the IP-driven toy unit under Alibaba’s Hujing business, has been phased out as the tech giant shifts its attention to higher-margin verticals.

Alibaba dials back designer toy ambitions, shuts Koitake to sharpen focus

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