17 h. ago China’s Xiaomi says returns from AI investments ‘far exceed expectations’

Chinese tech firm Xiaomi reaped returns from its artificial intelligence spending in 2025 that “far exceeded expectations”, the company’s president Lu Weibing said in a recorded video posted on Chinese social media platform Douyin. Lu said the Beijing-based company was pivoting to embodied AI after heavy investment in general AI over the past few quarters. The Beijing-based company’s efforts to apply AI in electric vehicles (EVs) and robotics are similar to Elon Musk’s plan of using the advanced...

Politics

9 d. ago Alibaba to lead AI capital spending among Chinese firms amid strong demand

E-commerce giant Alibaba Group Holding expects to stay ahead of its Chinese Big Tech peers in artificial intelligence-related capital expenditure, as the firm’s AI and cloud computing unit posted its fourth consecutive quarter of double-digit revenue growth. Alibaba Cloud on Tuesday reported a 34 per cent year-on-year revenue growth to 39.8 billion yuan (US$5.6 billion) in the three months ended September 30, as the Hangzhou-based parent’s overall revenue in its financial second quarter reached...

Economics

2 w. ago Memory chip prices surge amid strong demand from the AI sector: analysts

The steep rise in memory chip prices is expected to continue on the back of heightened demand from the artificial intelligence industry, while average consumers are likely to pay more for a new smartphone, according to analysts. Memory chip prices were forecast to increase 30 per cent in the fourth quarter this year and a further 20 per cent in 2026, following a 50 per cent surge year to date, Counterpoint Research said in a report on Thursday. The higher cost reflects the rapid shift in...

Politics

2 w. ago China’s euro bond sale sees record demand, signals strong investor confidence

China’s €4 billion (US$4.6 billion) euro-denominated bond sale has drawn record demand, highlighting robust investor confidence in its sovereign assets amid a global shift towards diversification. International and regional investors placed €100.1 billion in orders for the offering – 25 times the fundraising target – China’s Ministry of Finance said in a statement on Wednesday. The seven-year tranche, issued alongside an equal-sized four-year tranche, attracted demand 26.5 times its allocation,...

Economics

2 w. ago Bankruptcies, suicides: US farmers detail cost of trade tensions

Randal Shelby planned carefully and waited years to ditch a career spent in hospitals and medical centres to chase a dream in which he traded antiseptic hallways full of sick patients for the great outdoors. His new life started six years ago, after he secured about US$1.3 million in financing for a Case combine and other equipment, fertilisers, seed and labour needed to produce soybeans and rice, staples that enjoyed strong demand overseas, primarily from China. High fuel costs, rising interest...

Events

2 w. ago Apple Sees Record October in China With Strong iPhone 17 Demand

Apple Sees Record October in China With Strong iPhone 17 Demand  MacRumors

Politics

2 w. ago Despite China Issues, Nvidia (NVDA) Sees Strong Demand for Blackwell Chips

Despite China Issues, Nvidia (NVDA) Sees Strong Demand for Blackwell Chips  Yahoo Finance

Politics

3 w. ago Why China’s growing global investments could spur yuan internationalisation push

China may take additional steps to advance the yuan’s internationalisation and ease cross-border flows on the back of rising investment demand, according to a prominent economist. “Chinese companies are showing strong momentum in expanding their overseas investments, so I believe the Chinese government will take more enabling measures [to support transactions],” said Xiang Songzuo, former chief economist at the Agricultural Bank of China. He added that the internationalisation of the yuan is...

Politics

4 w. ago Ralph Lauren raises annual revenue target on strong North America, China demand

Ralph Lauren raises annual revenue target on strong North America, China demand  Reuters

Events