Koh Ewe / BBC:
Chinese media: China executed 11 members of the Ming mafia family that ran online scam centres in Myanmar; five Bai family members are also sentenced to death  —  China has executed 11 members of a notorious mafia family that ran scam centres in Myanmar along its north-eastern border, state media report.

If you opened TikTok recently, you probably saw some weird stuff happening. Maybe you couldn’t post a new video. Maybe the app asked for your precise location. Maybe you weren’t seeing as much stuff about ICE or the Trump administration’s latest assault on the global world order. If the latter is the case, you weren’t […]

Jiahui Huang / Wall Street Journal:
Alibaba's Cainiao logistics unit merges with Chinese robovan company Zelos, creating a business sources say valued at ~$2B with a fleet set to hit 20K+ vehicles  —  The Zelos-Cainiao robovan fleet is set to top 20,000 vehicles  —  Alibaba's logistics arm is merging its autonomous-driving unit …

Sam Reynolds / CoinDesk:
The US SEC clarifies its tokenized stock rules, saying they are subject to securities and derivatives rules and issuer approval is required for true ownership  —  The agency says issuer approval is required for true tokenized ownership, warning that many stock tokens sold to retail investors provide only indirect or synthetic exposure.

Financial Times:
Tesla plans to scrap its premium S and X models and convert its California factory into an Optimus manufacturing hub, as Elon Musk refocuses on robotics and AI  —  Elon Musk's electric-car maker invests $2bn in the billionaire's xAI  —  Tesla plans to scrap two models and invest $2bn in Elon Musk's xAI …