Builder.ai went from a value of $1.5 billion to zero in a few months, amid questions over the sales of an A.I. product. Its downfall hints at a broader downturn.
The short-form video app has until mid-September to change its ownership structure or face a ban in the United States, after a number of deadline extensions from President Trump.
Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names in Latin America’s biggest economy.