William Langley / Financial Times:
Shein founder Xu Yangtian made a rare public appearance in Guangdong, pledging to invest ~$1.45B into the province's supply chains in the next three years  —  Xu Yangtian says help from Communist Party and regional province was vital to fast-fashion retailer

Samantha Kelly / Bloomberg:
ADT agrees to acquire Origin Wireless for $170M to integrate advanced AI motion classification into its popular home security suite starting in 2027  —  Security company ADT Inc. has bought AI startup Origin Wireless Inc. for $170 million in a deal that will allow it to upgrade …

Dina Bass / Bloomberg:
MatX, an AI chip startup founded by two alumni of Google's chip business, raised $500M+ led by Jane Street and Situational Awareness to compete with Nvidia  —  MatX, an AI chip startup founded by two alumni of Google's semiconductor business, has raised more than $500 million in a new funding round …

Akila Quinio / Financial Times:
Stripe hits a $159B valuation after an employee share sale to investors like Thrive, Coatue, and a16z, a 70% jump from its $92B valuation in February 2025  —  Deal will allow payments company to stay private for longer  —  Stripe's valuation has soared by more than 70 per cent to $159bn …

Rebecca Torrence / Bloomberg:
Basis, which builds AI agents to help accounting firms with tasks like tax returns, raised $100M led by Accel at a $1.15B valuation, for $138M in total funding  —  AI-for-accounting startup Basis has surged to unicorn status with a new funding round as advances in artificial intelligence rattle the financial services markets.