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Korean fashion platform Musinsa will open stores in China and Japan starting later this year as part of its global expansion push. The company aims to…

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Korean fashion platform Musinsa will open stores in China and Japan starting later this year as part of its global expansion push. The company aims to reach KRW 3 trillion in overseas GMV by 2030, grow its global platform to 8,000 brands, and is preparing for an IPO to fund logistics and market entry.

Trae, <a href="/company/bytedance">ByteDance’s</a> AI-powered IDE, surpassed one million monthly users as of May, delivering over six billion lines of code since its January launch. It features multimodal tools such as sketch-to-code generation and natural language project building. A global subscription plan now offers premium access and supports Alipay payments.

Kandi Technologies and Deep Robotics have agreed to jointly develop smart golf gear and quadruped security robots for the North American market. Kandi will oversee product adaptation, manufacturing, and marketing, while Deep Robotics provides core technology and components.

Shanghai has completed the first phase of a campaign against <a href="/industry/ai">AI</a> misuse, removing over 820,000 pieces of illegal content and delisting 2,700 AI agents. Platforms like <a href="/company/xiaohongshu">Xiaohongshu</a> and <a href="/company/bilibili">Bilibili</a> were ordered to clean up tools for unauthorized cloning. Regulators also began inspections of foundation models and launched China’s first AI-generated content labeling alliance.

<a href="/company/alibaba">Alibaba’s</a> mapping app Amap has launched ride-hailing services in Japan through a partnership with local taxi platform Go, covering Tokyo, Osaka, Nagoya, Yokohama, and Kyoto. The integration enables Amap users to book rides with cabs in Go’s network via the app.

<a href="/company/nvidia">Nvidia</a> will build its first industrial <a href="/industry/ai">AI</a> cloud in Germany, blending <a href="/industry/robotics">robotics</a> with high-performance computing to help BMW, Mercedes-Benz, and others streamline design and logistics. CEO Jensen Huang said the site is the first of 20 planned “AI factories” that aim to raise Europe’s compute capacity tenfold, alongside partnerships with Mistral on 18,000 GPU clusters and initiatives in drug discovery and quantum research.

<a href="/company/bytedance">ByteDance's</a> Douyin has launched a crackdown on merchants and content creators over false marketing after uncovering serious violations, including suspected organized fraud. Penalties include live stream bans, frozen payouts, and store removals, with regular audits planned as the platform steps up enforcement to protect consumer trust.

Samsung and <a href="/company/nvidia">Nvidia</a> will take minority stakes in Skild AI, a <a href="/industry/robotics">robotics</a> software startup, as part of a USD 100 million Series B funding round led by SoftBank. The round values Skild at USD 4.5 billion, with Samsung investing USD 10 million and Nvidia committing USD 25 million.

Chinese investment bank CICC forecasts long-term market potential exceeding RMB 1 trillion for <a href="/industry/robotics">humanoid robots</a>, which it sees as the leading form of embodied intelligence. Growth is expected to be driven by advances in actuators, sensors, and <a href="/industry/ai">AI</a> models, though challenges remain in cost control, data quality, and software convergence.

Fidelity-backed VC firm Eight Roads plans to exit its China tech portfolio, offloading stakes in about 40 companies, potentially at discounts of 60–80%. The move comes amid escalating trade tensions and will see the firm shift its focus to managing legacy holdings and investing in healthcare in China, ending its chapter as a backer of Chinese internet firms.

<a href="/company/nvidia">Nvidia</a> has unveiled cBottle, a new <a href="/industry/ai">AI</a> model that compresses decades of atmospheric data to deliver five-kilometer-resolution climate simulations at unprecedented speed and scale. Developed under its Earth-2 platform, officials and researchers say it could transform forecasting accuracy and cost, though its broader societal impact remains uncertain.

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Laifen is sinking serious money into shavers, wagering that innovation will help it trump incumbents like Philips and Braun.

After hair dryers, Laifen targets the other side of bathroom counters with a shaver built from scratch

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Discount coffee, hotels thrive in China&#8217;s penny-pinching economy

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Musinsa to open stores in China, Japan

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Deals in brief: Atome secures USD 75 million facility, Sam Altman backs Coco Robotics again, 12 new China deals, and more

After hair dryers, Laifen targets the other side of bathroom counters with a shaver built from scratch

Discount coffee, hotels thrive in China’s penny-pinching economy