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AND Global has raised USD 21.4 million in a Series B funding round co-led by IFC and Aeon Financial Service, with additional backing from Marubeni, SB…

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AND Global has raised USD 21.4 million in a Series B funding round co-led by IFC and Aeon Financial Service, with additional backing from Marubeni, SBI Holdings, and Premium Group. Founded in Mongolia, the company supports lenders serving the unbanked and underbanked, and will use the funds to expand <a href="/industry/ai">AI</a>-driven <a href="/industry/fintech">fintech</a> tools across Southeast Asia.

Yuequan Bionics has unveiled the Y-Hand M1, a bionic hand with 38 degrees of freedom, reportedly more than any other currently on record. Powered by an artificial muscle system and flexible joint design, it can deliver rapid, precise movement and humanlike dexterity, with reported gains in grip force, accuracy, and motion range over rigid models.

<a href="/company/shein">Shein</a> is considering moving its legal base from Singapore to China to help secure regulatory approval for a Hong Kong IPO, according to people familiar with the matter. The <a href="/industry/fashion">fast fashion</a> giant has faced listing setbacks in New York and London, and reportedly believes a China domicile could help win over Beijing authorities.

<a href="/company/tesla">Tesla</a> has launched the Model Y L in China, with orders starting at RMB 339,000. The refreshed version of its bestselling SUV comes amid rising local competition and an 8.4% drop in China <a href="/industry/ev">EV</a> sales in July. The rollout follows earlier regulatory filings and is part of a broader product refresh across key markets.

Dongfeng Motor plans to sell its 50% stake in Dongfeng Honda Engine, exiting the joint venture as it shifts focus to <a href="/industry/ev">EVs</a>. The engine unit posted a RMB 227 million loss in 2024 and cut production at its Guangzhou plant. Dongfeng’s net profit fell 90% in H1 2025, and proceeds may support its Voyah brand.

China’s AI public cloud market grew 55.3% YoY to RMB 19.6 billion in 2024, driven by demand for generative AI and model training. <a href="/company/baidu">Baidu</a> and <a href="/company/alibaba">Alibaba</a> led the market, with <a href="/company/tencent">Tencent</a> and <a href="/company/huawei">Huawei</a> close behind. The growth reflects the rise of agentic AI and a broader shift in cloud architecture, governance, and ecosystem strategy.

Clearbridge Health has raised SGD 1.98 million through a fully subscribed share placement backed by Asdew Acquisitions, Azure Capital, and Ramesh Chandiramani. Proceeds will support working capital and growth plans, including the proposed USD 330 million Elpis Biopharma acquisition and the launch of immune cell banking operations.

Indonesia-based Waterhub has raised an undisclosed amount in a funding round co-led by Archipelago VC and The Radical Fund to scale its clean water filtration systems. The startup will ramp up production, grow its team, and advance its technology as it targets 2,000 units by 2029. Its systems aim to cut bottled water use and reduce plastic waste.

Tongcheng Travel reported H1 2025 revenue of RMB 9.05 billion, up 11.5% YoY, with adjusted EBITDA rising 35.2% to RMB 2.34 billion. Trip volume reached 1.99 billion, led by users from non-first-tier cities, who now account for 87% of its base. Lodging revenue rose 18.8%, and paid users hit 252 million.

Meitu reported a 71.3% YoY rise in adjusted net profit to RMB 467 million for H1 2025, as revenue grew 12.3% to RMB 1.82 billion. Monthly active users reached 280 million and paying subscribers hit 15.4 million, driven by global demand for <a href="/industry/ai">AI</a>-powered tools like RoboNeo. Revenue from photo, video, and design products rose 45.2%, with improved margins.

<a href="/company/lenovo">Lenovo</a> has appointed Lawrence Yu, Giovanni Di Filippo, and Zoran Radumilo to lead its new regional headquarters in Riyadh’s Al Majdoul Tower. The move supports Lenovo’s partnership with Alat and local manufacturing plans aligned with Saudi Arabia's Vision 2030 goals, including initiatives projected to add up to USD 10 billion to non-oil GDP by 2030.

Anta, a Chinese sportswear brand, specializes in performance-driven design, equipping athletes and consumers with innovative sports apparel and footwear.

Anta

China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

Explore East Asia’s thriving tech hubs, global electronics producers, and fast-evolving digital platforms shaping cross-border innovation.

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The Korean streetwear brand plans to open more than 100 stores in China by 2030 while avoiding pitfalls that have sunk other brands.

After Nerdy’s fall, Musinsa looks to Anta to navigate China’s fashion market

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While competitors chased autonomy, Mowrator stood out early with remote-controlled models.

Why Mowrator chose the US over Europe for its lawn robots

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The company hopes to stand out with Diabegone, a diabetes treatment that lasts longer than competing drugs from companies like Novo Nordisk and Eli Lilly.

AND Global raises Series B funding

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