18 h. ago Starbucks China valued at about US$5 billion by bidders, sources say

Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5 billion, said two people with knowledge of the discussions. That would make a potential deal one of the most valuable China unit divestments by a global consumer company in recent years. The offers, which have not been reported previously, would let Starbucks push ahead with the sale in a market where it faces sluggish growth and stiff competition from local...

Economics

31 h. ago DPM Gan hails China’s growth potential as he meets top leaders in Beijing

DPM Gan hails China’s growth potential as he meets top leaders in Beijing  The Straits Times

Politics

33 h. ago Chinese provinces prep for business trips to US amid shaky tariff truce

More Chinese entrepreneurs and local government representatives could soon be packing for New York and California, aiming to take advantage of a recent stabilisation in US-China relations to hop across the Pacific and scout out potential trade and investment opportunities. Visits by delegations from China in the coming months will seek to leverage the pro-business amity and autonomy of local authorities in the US to advance economic ties, as Beijing encourages subnational exchanges. China’s...

Economics

3 d. ago Moment Kim Jong Un arrives in China with daughter, his potential successor

Moment Kim Jong Un arrives in China with daughter, his potential successor  BBC

Politics

4 d. ago Chip designer Cambricon stays in the spotlight amid market potential

Shares of Cambricon Technologies on Monday closed lower on the Shanghai Stock Exchange after a representative of Alibaba Group Holding denied speculation that it had ordered 150,000 graphics processing units (GPUs) from the Beijing-based AI chip designer. According to the representative, the platform of Alibaba Cloud – the artificial intelligence and cloud computing services unit of e-commerce giant Alibaba – was powered by multiple Chinese-designed GPUs. Alibaba owns the South China Morning...

Politics

4 d. ago Could this small ancient shrimp be the next big thing in Xinjiang aquaculture?

They are small, ancient and might just have the potential to help some of China’s most salt-affected areas turn a profit. Brine shrimp, also known as Artemia, are among the oldest surviving species on Earth, going back about 400 million years. They are widely used as aquaculture feed, and also have medicinal and cosmetic value. And now scientists have spotted them in the far reaches of the Taklamakan Desert in Xinjiang Uygur autonomous region. The shrimp are extremely tolerant of salt and were...

Politics

9 d. ago China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump

China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump  CNBC

Economics

1 week ago Cambricon: how two ‘genius brothers’ created China’s potential rival to Nvidia

The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings ratio above 4,000 – compared to under 60 for Nvidia – reflects a growing belief in China that the country is on a path to develop an AI...

Politics

1 week ago Cambricon: how 2 ‘genius brothers’ created China’s potential rival to Nvidia

The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings ratio above 4,000 – compared to under 60 for Nvidia – reflects a growing belief in China that the country is on a path to develop an AI...

Politics

1 week ago Meet Cambricon: how 2 ‘genius brothers’ created China’s potential rival to Nvidia

Meet Cambricon: how 2 ‘genius brothers’ created China’s potential rival to Nvidia  South China Morning Post

Politics

1 week ago How a Potential Record Aircraft Sale to China Could Impact Boeing (BA) Investors

How a Potential Record Aircraft Sale to China Could Impact Boeing (BA) Investors  ca.finance.yahoo.com

Economics

2 w. ago China’s rise in biotech could lower healthcare costs, investor says

China’s rise in biotech innovation offers the world a potentially cheaper alternative to costly healthcare products from Western suppliers, but geopolitical tensions remain a major challenge for the country’s globalisation efforts, according to a local investor in the sector. “We can lower the cost of healthcare and benefit more people through technological innovation and efficiency improvement,” Da Liu, managing director of CR-CP Life Science Fund, said in an interview with the Post earlier...

Economics

2 w. ago Energy leader calls for probe into China’s mineral trade over potential weaponization

Energy leader calls for probe into China’s mineral trade over potential weaponization  Fox Business

Politics

2 w. ago NVIDIA’s Emerging AI Chip Rival in China, Cambricon, Plans to Raise $560 Million to Boost Competition as Beijing Moves to Mandate Homegrown AI Chips For Datacenters

NVIDIA’s Emerging AI Chip Rival in China, Cambricon, Plans to Raise $560 Million to Boost Competition as Beijing Moves to Mandate Homegrown AI Chips For Datacenters  Wccftech

Economics

3 w. ago 'We negotiated a little deal': Trump says Nvidia and AMD will kick back 15% of China chip sales in potentially unconstitutional arrangement

'We negotiated a little deal': Trump says Nvidia and AMD will kick back 15% of China chip sales in potentially unconstitutional arrangement  Fortune

Politics

4 w. ago China’s SMIC downplays impact of Trump’s proposed 100% tariff on chip imports

Semiconductor Manufacturing International Corp (SMIC), mainland China’s largest contract chipmaker, on Friday downplayed the potential impact of US President Donald Trump’s proposed 100 per cent tariff on imported chips, as stout domestic demand is expected to continue. “Our overall capacity remains in a state of demand exceeding supply,” SMIC co-CEO Zhao Haijun said in a briefing after the company reported its second-quarter financial results. “[Even if growth in demand slows], there will be no...

Politics

4 w. ago Trump vows more secondary sanctions for Russia oil buyers are coming, including potentially on China

Trump vows more secondary sanctions for Russia oil buyers are coming, including potentially on China  CNN

Politics