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Starbucks has reportedly advanced to final talks to sell 70% of its China business, retaining a 30% stake. Final bidders include Boyu Capital, Carlyle…

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<a href="/company/starbucks">Starbucks</a> has reportedly advanced to final talks to sell 70% of its China business, retaining a 30% stake. Final bidders include Boyu Capital, Carlyle Group, EQT, and HongShan. A decision is expected by late October, as Starbucks expands its China store network and faces rising competition in the market.

Mexico’s proposed tariffs on Chinese goods are already disrupting planned investments, according to the Mexico-China Chamber of Commerce. Firms in automotive parts and electronics have paused projects amid rising uncertainty. The chamber warned the levies could fuel inflation, drive black market activity, and hinder Mexico’s <a href="/industry/ev">EV</a> transition. Congressional approval is expected.

US and Chinese officials have reportedly reached a framework deal to restructure <a href="/company/tiktok">TikTok’s</a> ownership ahead of a looming ban, pending approval by both national leaders. The agreement emerged during trade talks in Madrid, as Beijing softened its stance amid efforts to secure a visit by US President Donald Trump. Whether <a href="/company/bytedance">ByteDance</a> will part with TikTok’s algorithm remains unresolved.

<a href="/company/huawei">Huawei</a>-backed HIMA plans to launch up to 19 new vehicles in 2026 across its five brands, including a luxury SUV from Maextro equipped with Huawei’s full smart tech suite. The alliance aims to deliver one million vehicles annually, expand its retail network, and restructure Luxeed into an independent unit as it pushes into China’s premium and mass car markets.

Dreame introduced more than 30 products at its latest launch, led by <a href="/industry/ai">AI</a>-powered floor washers with robotic arms that detect stains and adapt in real time. The company is expanding beyond cleaning into appliances and wearables, including smart rings and glasses, as part of a broader push toward AI-driven living. Companion robots and vehicles are also in development.

Dyna Robotics has raised USD 120 million in a round co-led by CRV, First Round Capital, and RoboStrategy, with support from the venture arms of <a href="/company/nvidia">Nvidia</a>, Amazon, and Salesforce, lifting its valuation above USD 600 million. Founded in 2024, the startup develops <a href="/industry/ai">AI</a>-powered robotic arms for commercial use and aims to advance toward physical AGI.

<a href="/company/byd">BYD’s</a> Fangchengbao launched the Tai 7 SUV on September 9, priced at RMB 179,800–219,800. Designed for family use, the vehicle offers nearly 1,000 liters of storage and a cabin that can convert into a sleeping space. Key features include leather seats, seven screens, and a wide-range fridge.

China has launched an antitrust probe into <a href="/company/nvidia">Nvidia</a> over alleged violations tied to its USD 7 billion Mellanox acquisition in 2020. Regulators said Nvidia may have disrupted chip supply to Chinese customers despite pledges to maintain access. The investigation follows US export curbs, and Nvidia said it remains in compliance with Chinese law.

China’s factory output rose 5.2% YoY in August, the weakest in a year, while retail sales grew 3.4%, a nine-month low, both missing forecasts. The slowdown highlights persistent drag from the property slump and weak demand, adding pressure on Beijing to roll out further stimulus.

Midea denied claims that an employee at its Hefei Hualing subsidiary worked 14-hour days without pay, saying the worker resigned voluntarily and later received wages after a bank transfer issue. Police reportedly said the worker’s daughter admitted her social media post was inaccurate, deleted it, and apologized.

<a href="/company/jd">JD.com</a> is reportedly in talks with Sainsbury’s about acquiring Argos, the UK’s second largest general merchandise retailer, which Sainsbury’s bought for GBP 1.1 billion in 2016. The Chinese <a href="/industry/e-commerce">e-commerce</a> group said a deal could accelerate Argos’ growth, though no agreement has been reached and a deal is not certain.

The alliance is betting on scale to reach its goals, though overlap within its lineup poses risks.

Huawei’s HIMA plans 17 car launches to secure position in premium car market

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Starbucks set to decide China deal

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Huawei’s HIMA plans 17 car launches to secure position in premium car market

Dreame’s new floor washers show embodied intelligence entering homes first through appliances

As Europe tightens recycling rules, China’s Botree finds foothold with service-led model