A startup is aiming to produce a cheaper and safer type of high-tech battery and boost the domestic supply chain.

The bid would mark the latest twist in one of the messiest media mergers in recent history.

Equipment maker reveals deep cuts to production, payrolls to avoid prolonged pain from market slump.

Chinese e-commerce giant JD.com’s second quarter net profit rose 92%, while revenue grew slightly amid fierce competition from Alibaba Group and PDD Holdings.

Alibaba delivered weaker-than-expected profit and revenue in the latest quarter as the e-commerce titan focused on getting growth back on track amid fierce domestic competition, a weakened Chinese economy and changing consumer behaviors.

The country’s largest retailer posted strong sales and higher profits in its latest quarter, and executives said they don’t see signs of fraying demand.