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Chinese AI chipmaker Enflame aims to raise $908 million after setting Shanghai IPO priceEnflame Technology, a prominent Chinese AI chip manufacturer, is set to raise over $900 million through its IPO in Shanghai. This initiativ...- Chinese AI chipmaker Enflame aims to raise $908 million after setting Shanghai IPO priceEnflame is China's latest AI chipmaker to go public as Beijing steps up its tech self-sufficiency drive, with the United States banning e...
- Huawei H1 profit drop quickens to 36% on rising costs, R&D spendingThe Chinese technology company said net profit for January to June fell to 23.81 billion yuan ($3.54 billion), accelerating from a 32% drop...
- AI and robotics drive an IPO boom in China as Shein lists in Hong KongIn the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a...
- Scott Bessent urges G20 to push China to curb exports, boost domestic demandUS Treasury Secretary Scott Bessent will urge G20 members to re-examine trade terms with China. He aims to shrink global imbalances and pre...
- China’s Big Three airlines sink deeper into losses as fuel costs soarChina's three largest state-owned airlines reported substantial first-half losses. Surging jet fuel prices and a weak summer season impacte...
- China identifies countries of 261 foreigners missing in Himalayan mudslideA devastating mudslide on the Tibetan border has left 261 foreign nationals missing. Chinese officials reported 16 deaths in Tibet and 546 ...
- China's CXMT posts first-half profit after revenue surgeFirst-half revenue soared 873.64% from a year ago to 150.3 billion yuan ($22.36 billion). Net profit totalled 77.6 billion yuan, compared t...
- Global Markets: BYD posts first quarterly profit rise in over a yearChinese automaker BYD has experienced its first profit growth in over a year, primarily fueled by a sharp increase in export sales. This in...
- Shanghai plans subsidies to kick start dormant offshore debt market: ReportShanghai is rolling out new subsidies to lure offshore bond issuers into its free trade zone. This initiative aims to invigorate the curren...
- Alibaba's Qwen launches Qwen3.8-Flash AI model with lower training costsQwen3.8-Flash supports a default context window of 262,144 tokens, expandable to 1 million tokens, enabling it to handle large files, len...
- China Evergrande fiasco: Court stops PwC International's attempt to distance itself from its local arm's doingsPricewaterhouseCoopers International's attempt to exit the multibillion-dollar Evergrande lawsuit has been dismissed by a Hong Kong court. ...
- AI chipmaker Enflame sets subscription date for near $900 million Shanghai IPOThe chipmaker, backed by technology company Tencent Holdings , will issue 43.04 million new shares, representing a 10% stake in its enlar...
- China robot maker Unitree's post-listing slump sparks bubble fearsThe post-listing selloff in the company, one of the world's largest producers of quadruped and humanoid robots, has also led to soul-search...
- Alibaba proposes $10 billion share placement to fund global AI driveThe Hangzhou-based firm has been ploughing tens of billions of dollars into AI, with its shareholders eager to see how it will monetise the...
- China steps up fiscal support as growth weakens, domestic demand faltersChina is preparing new coordinated fiscal and financial measures for the second half of the year as economic growth weakens and domestic de...
- Chinese flash-memory chipmaker YMTC plans to raise $4.9 billion in Shanghai IPOThe move sets the stage for a 33 billion yuan ($4.9 billion) share sale on Shanghai's Nasdaq-style STAR Market, that would rank among the...
- Humanoid-maker Unitree surges more than 600% on Shanghai debutShares in Chinese robotics pioneer Unitree soared more than 600% on its debut in Shanghai on Wednesday, after raising more than $900 millio...
- Baidu CEO vows to return Ernie to AI frontier as revenue miss sinks sharesIts Ernie large language model has gone months without a major upgrade, while competitors such as Alibaba and Moonshot have continued to r...
- China's Baidu, betting on AI, posts fifth straight quarterly revenue dropRevenue during the second quarter of the year came to 31.3 billion yuan ($4.6 billion), an unaudited financial report showed, a 4% year-on-...
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