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Grab Acquires Chinese AI Robotics Firm Infermove to Strengthen Last-Mile Delivery Capabilities

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NEW YORK, US – Media OutReach Newswire – 6 January 2026 – Singapore-based Grab Holdings Ltd. (NASDAQ: GRAB) announced on December 19th the acquisition of Infermove, a Chinese AI robotics company, marking a significant strategic move by the Southeast Asian ride-hailing and delivery giant in the artificial intelligence robotics sector. The acquisition aims to enhance Grab’s automated delivery capabilities for both the “first mile” and “last mile” of logistics operations.

Founded in early 2021 by Aaron Lu in a Santa Clara garage in California, Infermove later established offices in Beijing and Suzhou, China, focusing on research and development (R&D) as well as manufacturing. As a startup specializing in autonomous driving systems for unstructured environments and mobile manipulation robots, its product portfolio includes sidewalk delivery robots with upper-limb manipulation capabilities and personal mobility robots.

Leveraging driving data from non-motorized vehicles such as delivery riders’ electric scooters, Infermove is training mobile robots capable of adapting to complex real-world physical environments. Through imitation learning, reinforcement learning technologies, and self-developed end-to-end algorithms, the company enables robots to exhibit human-like operational capabilities in intricate last-mile delivery scenarios. Its proprietary “Rider Shadow System” allows crowdsourced collection of robot training data using last-mile mobility devices like electric wheelchairs and riders’ electric scooters, addressing the industry-wide challenges of slow, costly data acquisition and over-reliance on simulated or demonstration data in embodied intelligence.

Grab Acquires Chinese AI Robotics Firm Infermove to Strengthen Last-Mile Delivery Capabilities

Founder Aaron Lu was recently named to the “2025 Forbes 100 Most Influential Chinese Elites” list, reflecting international recognition of his technological innovation and business leadership. Some earlier reports mentioned Lu holds multiple advanced degrees in biomedical engineering, economics, and computer science from Harvard and other top U.S. universities.

Prior to founding Infermove, Lu led the fully autonomous driving program at Silicon Valley-based AutoX (now renamed to Tesor Auto), overseeing the R&D, validation, and regulatory approval of the company’s first fully autonomous robotaxi product. In July 2020, he led the team to successfully develop the second ever L4-level autonomous taxi approved for fully driverless operation on public roads in California, U.S., second only to Alphabet’s Waymo.

Public records show that prior to the acquisition, Infermove had secured at least 3.3 million in funding from investors including Miracle Plus,the former China division of Y Combinator.

In 2024, the company signed an investment agreement with a subsidiary of listed firm Tieda Technology, valuing the company at approximately 33 million at the time. Multiple investors focusing on China’s embodied intelligence sector indicated that before the acquisition, Infermove was conducting a new round of financing with a valuation of no less than $50 million.

Despite its relatively short operational history, Infermove has achieved rapid progress in commercialization. Currently, its Carri series robots have partnered with major delivery platforms in China, including Meituan, Ele.me of Alibaba, Sam’s Club, and Dada of JD.com. Simultaneously, the company has established pilot projects with local corporate clients in overseas markets such as Singapore, Japan, and Australia. According to financial and outstanding order information disclosed by listed-Tieda Technology during its investment in Infermove, the company’s revenue surged from only RMB 100,000 in 2023 to RMB 10 million in 2025, achieving a 100-fold growth in three years. With over 1,000 outstanding orders pending delivery, Infermove expects its revenue to exceed RMB 200 million in 2026.

A source from Grab’s Beijing office revealed that Suthen Thomas, Grab’s CTO, announced the acquisition of Infermove to the entire company during the global All Hands meeting in December. During the meeting, Suthen showcased several of Infermove’s latest robot products, stating that the company’s technology and commercialization progress in embodied delivery robots were impressive. He added that following the completion of the acquisition, Infermove will continue to operate as an independent entity under its original team, with Lu, as the key founder, reporting directly to him.

This acquisition represents a crucial step in Grab’s efforts to advance automation within its expanding delivery and mobility network in Southeast Asia and beyond. Amid rising labor costs and sustained growth in on-demand delivery demand, robotics technology and artificial intelligence have become key drivers for enhancing service reliability and maintaining profit margins.

Industry analysts note that the global last-mile delivery robotics market is experiencing rapid growth, with an expected market size exceeding $20 billion by 2027. Faced with the dual pressures of cost reduction and service expansion, AI-driven automation technology has emerged as a critical competitive differentiator for delivery platforms— a key factor that led Grab to pursue Infermove.

As a leading mobility and delivery provider in Southeast Asia, Grab went public through a SPAC merger in December 2021 and is currently traded on the Nasdaq with a market capitalization of approximately $20 billion. The company has consistently invested in technological upgrades to optimize its food delivery, ride-hailing, and financial services. Previously, in response to inquiries from Bloomberg, Grab stated that Infermove’s solutions will effectively complement its delivery network capabilities, and the investment will further drive Infermove’s continued growth.


Hashtag: #Grab #Infermove

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Asian Financial Forum concludes successfully in Hong Kong, gathering over 4,000 global business leaders and officials

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HONG KONG SAR –

A new Global Business Summit was held throughout day-two of the AFF yesterday, to further integrate finance with key industries and drive innovation and economic development.

Co-organised by the Financial Services and the Treasury Bureau of the HKSAR Government, the HKTDC, and the Office for Attracting Strategic Enterprises, the summit explored how finance empowers businesses. It also examined how Hong Kong can support Chinese Mainland enterprises to “go global”, and the prospects for foreign enterprises entering the Mainland market.

In his opening remarks at the summit, Paul Chan, Financial Secretary of the HKSAR Government, highlighted trade, finance and innovation and technology as the three principal drivers of future economic growth.

“Hong Kong is not just a platform that connects capital, market, projects, talent and opportunity. Hong Kong is willing to be a strategic partner to help you grow, scale up and go global,” Mr Chan said.

On building a more vibrant tech ecosystem, Mr Chan said the HKSAR Government is determined to attract the world’s leading frontier-technology enterprises to establish a presence in Hong Kong.

“We welcome technology and industrial enterprises to establish a presence in the Northern Metropolis. Where justified, we are prepared to tailor incentive packages, which may include land grants, premium concessions, tax incentives and other facilitation measures. Everything is negotiable,” he said.

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Prof Frederick Ma, Chairman of the HKTDC, in his welcome remarks at the summit, said: “In these unpredictable times, working together on shared goals adds to the agility and resilience of our economies, our industries and businesses, and our communities. Hong Kong, under the ‘one country, two systems’ arrangement, is perfectly suited to host these conversations and promote cross-sector collaboration, as a super connector, super value-adder and super collaborator.”

A series of plenary sessions held during the summit included the Business Plenary I – Chinese Mainland Enterprises Going Global, and Business Plenary II – Strategic Collaboration for Shared Growth, focusing on the latest opportunities in global market expansion and inbound foreign investment.

The Global Business Summit also featured a series of discussion sessions covering high‑growth, high‑value sectors, including biomedicine and healthcare, green energy, new consumer trends, artificial intelligence and robotics.

Speakers included representatives of prominent enterprises in the respective fields, such as Banking Circle, Infineon AG, Investcorp, JP Morgan, Revolut, Triton Partners, Amgen, Merck, DexForce Technology, JD.com, Pictet Group, AI² Robotics, Galbot and Tencent.

Paul Polman, a business leader, investor and philanthropist who is dedicated to advocating for systemic change, climate action, and social equality, delivered the Keynote Luncheon speech (January 27). He shared his “Net Positive” corporate sustainability strategy, which he has championed in recent years, focusing on advancing sustainable development.

Meanwhile, this year’s AFF Deal-making session, co-organised by the HKTDC and the Hong Kong Venture Capital and Private Equity Association, attracted over 280 investors and over 600 investment projects, resulting in more than 800 one-on-one meetings that successfully connected global capital with investment opportunities.

The AFF also marked the start of this year’s International Financial Week, featuring14 industry events that span a wide range of globally watched financial and business topics, including ASEAN opportunities, digital finance, green finance, family offices, private equity and alternative investments. Together, these events underscore Hong Kong’s unique role as the region’s most comprehensive and diversified international financial centre.

Hashtag: #hongkong #brandhongkong #AFF #Finance #Business #Economic





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CGTN: Europe on its Own Terms: Adapting a New Global Reality

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CGTN’s special feature focuses on Europe’s push for strategic autonomy amid global shifts.

BEIJING, CHINA – Media OutReach Newswire – 28 January 2026 – In an era defined by geopolitical recalibration, Europe stands at a pivotal juncture, grappling with the urgent need for strategic autonomy and reassessing its alliances. A chorus of European policymakers, thought leaders, and international observers analyzed the continent’s pathway forward as it adapts to a new global reality marked by evolving external dynamics.

The call for European independence has never been more pronounced. Ursula von der Leyen, President of the European Commission, has declared that this is Europe’s Independence Moment, highlighting the need for Europe to ensure its own defense. Hillary Mann Leverett, CEO of STRATEGA echoes that “Europe is going through a very difficult time”, noting the need for patience and effort to navigate current crises.

The quest for autonomy is driven by multifaceted challenges. An ongoing energy crisis, caused by the conflict in Ukraine, has seen electricity prices in major European economies soar to several times those in the US, straining industrial production and daily life.

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Europe is even more tested as transatlantic relations shift. French Senator Thierry Meissen says that “today, we must accept that the United States will prioritize its own interests.” European Council President Antonio Costa also acknowledged this new reality, stating “we already know that Europe and the United States do not share the same vision of the international order.”

In response, Europe is mobilizing resources to build self-reliance. The EU has committed substantial investment to develop its defense. Ursula von der Leyen outlines plans enabling up to 800 billion euros in defense investment by 2030. And analysts from the Bruegel think tank estimate that true strategic autonomy would require an additional 250 billion euros annually and 300,000 more troops. Additionally, the EU’s High Representative for Foreign Affairs Kaja Kallas identified joint procurement as a critical hurdle to overcome.

Facing this strategic shift, Europe is actively exploring diversified global partnerships to ensure stability and growth. Former Italian Prime Minister Romano Prodi also highlighted that “China and Europe together make more than one-third of all world trade.” He warned against isolation, stating “if we don’t stick together…we go into a certain depression.”

The potential for cooperation spans critical domains. In science, collaboration has evolved into a two-way street between China and European peers. The EU’s ‘Choose Europe’ package, a 500-million-euro incentive to attract global scientific talent, also contrasts with funding uncertainties in the United States, creating new avenues for scientific talents. On the green transition, synergies are evident. China’s leadership in clean-energy industries complements Europe’s Green Deal ambitions, presenting a vast cooperative canvas.

Yet, this reorientation is complex. Europe needs to balance its deep historical and economic ties with the United States with the opportunities presented by a rising China. Professor Cui Hongjian of Beijing Foreign Studies University noted the EU’s dilemma, finding it “very difficult to make a clear choice between China and the US.” Jens Eskelund, President of the European Union Chamber of Commerce in China, advocated for a relationship judged on its own merits. “We shouldn’t let our relationship be defined by a third party.”

The path to act on its own terms is further complicated by new economic realities. China’s rapid advancement has altered dynamics. “The perspective on who is learning from whom has been dramatically changing,” said Professor Eberhard Sandschneider of the Free University of Berlin. This new reality has spurred debates on “derisking”, which leaders caution could fragment supply chains, increase costs, and forsake mutual benefits. Alex Frederiksen, CEO of Vivino, advised focusing on long-term practical matters over short-term headlines, saying China is “unbeatable” in terms of density of high-quality companies.

Ultimately, European leaders are tasked with navigating a fundamental strategic question. Romano Prodi argued that the relationship must evolve from being neither enemies nor brothers toward becoming “equal partners and almost brothers.”

https://news.cgtn.com/news/2026-01-27/Europe-on-its-own-terms-Adapting-a-new-global-reality-1Khw2WpZ2Fy/p.html
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UnionPay Enables 25 International Wallets to Support Weixin Pay QR Code in China’ Mainland

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SHANGHAI, CHINA – Media OutReach Newswire – 28 January 2026 – When Thai tourist Naree visited Shanghai, she paid easily for coffee at a neighborhood café by scanning a Weixin Pay QR code using the same K PLUS mobile wallet as she used at home, because her mobile wallet was linked to her Thai UnionPay card.

Now international visitors from 11 countries and regions travelling to China’s mainland can enjoy the same seamless mobile payment experience just as Naree. The collaboration between UnionPay International and Weixin Pay (also known as WeChat) now supports 25 UnionPay-partnered international wallets. Users only need to link the local UnionPay cards or activate digital UnionPay cards in one of their digital wallets. Then they can make payments at restaurants, shops, and public transport systems across China’s mainland by scanning Weixin Pay or UnionPay QR codes. The funds will be automatically converted from their home currency into RMB, eliminating the need to download additional apps.

The 25 supported international wallets by country / region

Since launching in December 2024, the program’s coverage has steadily broadened. As more UnionPay-Partnered international digital wallets join the network, a growing number of visitors to China can enjoy a smoother payment experience.

A Milestone In UnionPay’s Project Excellence

The cooperation between UnionPay International and Weixin Pay marks the latest milestone in UnionPay’s Project Excellence. Under Project Excellence, over 200 e-wallets across 37 countries and regions outside China’s mainland can link to locally issued UnionPay cards.

To further enhance the payment experience for overseas visitors to China, UnionPay has also launched the SplendorPlus Card, a product specially designed to meet inbound travelers’ unique needs.

In 2025, the number of QR code transactions made in China’s mainland using UnionPay-partnered e-wallets issued outside the Chinese mainland increased by 100% year on year, while the value of these transactions increased by 75%.
Hashtag: #UnionPay

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