Founded in 1990 by three M.I.T. researchers, iRobot introduced its vacuum in 2002. Its restructuring will turn the company over to its largest creditor.
Category: Shenzhen (China)
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The 20-Somethings Who Raised $121 Million to Build Military Drones
Neros, a company founded in 2023 by former teenage drone racers, won a coveted Army contract and is gaining popularity in the defense sector.
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DeepSeek Is Embraced in China by Government Nationwide
Government bodies nationwide have been eager to show they are using DeepSeek’s A.I. technology since the company’s founder met with Xi Jinping, China’s leader.
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China Vanke Forecasts $6.2 Billion Loss, Replaces Top Executives
China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion loss, a sign the property meltdown is still raging.
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Mainland Chinese Flocked to Hong Kong’s Top Talent Visa
The city created a visa to lure professionals from around the world. Most of the takers were Chinese seeking better jobs, better schools and greater freedom.
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China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
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Low Prices Lure Hong Kongers to China
Hong Kong residents are finding in Shenzhen, the mainland city next door, lower prices, better service and tasty cuisine.
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How China Built BYD, Its Tesla Killer
The leading Chinese electric vehicle company, with origins as a battery maker, has posted two years of million-car growth in sales.
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As China’s Markets Stumble, Japan Rises Toward Record
A change in perception among investors about China and Japan is one of the biggest themes in the markets right now.