China

Mixue’s large store in Guangzhou is part of its efforts to differentiate itself from competitors.

Its footprint now spans dozens of cities across 12 countries.

It is getting more profit out of retail, even as quick commerce spending tests the limits of that improvement.

Heavier spending has wiped the tech giant’s profit and pushed cash flow negative, even as AI demand continues to outstrip supply.

Games and advertising still fund the company’s next act, but investors are asking when AI will become more than a spending line.

From parts to software, the Chinese technology giant has become more than just a supplier.

Volcano Engine’s market share grew in 2025, even as more competitors entered the market.

The chipmaker is expanding beyond automotive and energy storage to pursue broader physical AI opportunities.