Alibaba Group Holding Ltd. (NYSE:BABA) shares rose on Thursday after reports indicated greater access to Nvidia Corp. (NASDAQ:NVDA) advanced artificial intelligence chips in China. The Chinese e-commerce giant pared some of those gains in early trading on Friday, following a more than 5% rally in the previous session. Thursday’s move came after reports that China…
By David Kirton GUANGZHOU, China, Jan 9 (Reuters) – Chinese automaker Robots and cars are the core of physical artificial intelligence and share a wide range of sensor technology and other existing hardware. Car manufacturers, for example, are creating robots to automate warehouse and factory tasks. He Xiaopeng, founder and CEO of the company, one…
Hong Kong-based Bright Valley Capital initiated a new stake in YMM, purchasing 2.57 million shares in the third quarter. The position was worth about $33.36 million at the end of the quarter. YMM’s position represents 19.75% of Bright Valley’s 13F reportable assets under management (AUM). These 10 stocks could generate the next wave of millionaires…
By Joe Cash and Xiuhao Chen BEIJING, Dec 31 (Reuters) – China’s factory activity unexpectedly grew in December, breaking a record of eight straight months of decline, boosted by a surge in pre-holiday orders, as officials seek to stimulate the manufacturing sector of the $19 trillion economy without worsening deflation. The official Purchasing Managers’ Index…
Chinese artificial intelligence company Zhipu AI launched a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first major language model (LLM) developer to list in Hong Kong amid a flurry of technology initial public offerings (IPOs). The new company, officially known as Knowledge Atlas Technology and traded overseas…
China plans to start paying interest on digital yuan holdings to help accelerate adoption of its central bank’s digital currency, with interest payments scheduled to begin in January. Citing an article written by People’s Bank of China (PBOC) Deputy Governor Lu Lei in Financial News, a newspaper affiliated with the central bank, Bloomberg reported that…
Despite intense competition that has driven one US company out of business, the global robotic vacuum cleaner market has plenty of room to grow given low penetration rates, according to Meng Jia, president of Dreame Technology’s robotic vacuum cleaner division. Meng anticipates steady growth in sales of robotic vacuum cleaners in the coming years, noting…
We recently published 8 Stocks on Jim Cramer’s Radar. NIKE, Inc. (NYSE:NKE) is one of the stocks on Jim Cramer’s radar. NIKE, Inc.’s (NYSE:NKE) turnaround has been a frequent feature of Cramer’s discussion of 2025. While the stock is down 20% so far this year and was down 11% before last week’s drop, the CNBC…
By Colleen Howe BEIJING, Dec 22 (Reuters) – A revamp of China’s electricity market is boosting the energy storage economy just as international demand surges, sparking a boom for Chinese energy storage makers that already dominate globally. Chinese companies are on track to achieve a 75% increase this year in global shipments of lithium-ion battery…
Treasury Wine Estates’ newly installed chief executive Sam Fischer is bringing in a “transformation programme” that will include a product review and cost cuts at the major Australian wine company. Shares in Treasury Wine Estates (TWE) today (December 17) sank to their lowest level in a decade following the Penfolds maker’s upgrade, which included canceling…
