16 h. ago Lululemon sees China business surge despite global profit decline

Lululemon sees China business surge despite global profit decline  Dao Insights

Economics

57 h. ago Can Detroit compete with China’s EV surge while doubling down on gas?

Can Detroit compete with China’s EV surge while doubling down on gas?  Baton Rouge Business Report

Politics

3 d. ago IMPLANET Announces First Surgeries Using the JAZZ® System in China

IMPLANET Announces First Surgeries Using the JAZZ® System in China  Business Wire

Politics

7 d. ago China’s Nvidia warns of overheating risks after 723% share surge

A more than eight-fold surge in the share price of Chinese graphics processing unit (GPU) maker Moore Threads Technology has prompted the newly listed company to warn investors that the gains may have run ahead of fundamentals. The Beijing-based chipmaker said in a statement to the Shanghai Stock Exchange on Friday that its shares could face the risk of declines after the rapid rally. There was no catalyst that needed to be disclosed and no material change in the company’s fundamentals, it...

Events

7 d. ago ‘China’s little Nvidia’ Moore Threads warns of overheating risks after 723% share surge

A more than eight-fold surge in the share price of Chinese graphics processing unit (GPU) maker Moore Threads Technology has prompted the newly listed company to warn investors that the gains may have run ahead of fundamentals. The Beijing-based chipmaker said in a statement to the Shanghai Stock Exchange on Friday that its shares could face the risk of declines after the rapid rally. There was no catalyst that needed to be disclosed and no material change in the company’s fundamentals, it...

Events

9 d. ago OpenAI names first chief of revenue as ChatGPT maker aims to make a profit

OpenAI said Tuesday it has picked Slack CEO Denise Dresser as its first chief of revenue, a message to wary investors that the ChatGPT maker is serious about making a profit from its artificial intelligence technology. OpenAI said Dresser will oversee global revenue strategy and “help more businesses put AI to work in their day-to-day operations”. Dresser had already spent more than a decade at Salesforce when the software pioneer announced in 2020 it was buying work-chatting service Slack for...

Politics

9 d. ago OpenAI names Slack CEO as first chief of revenue as ChatGPT maker aims to make a profit

OpenAI said Tuesday it has picked Slack CEO Denise Dresser as its first chief of revenue, a message to wary investors that the ChatGPT maker is serious about making a profit from its artificial intelligence technology. OpenAI said Dresser will oversee global revenue strategy and “help more businesses put AI to work in their day-to-day operations”. Dresser had already spent more than a decade at Salesforce when the software pioneer announced in 2020 it was buying work-chatting service Slack for...

Economics

2 w. ago Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year. Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. China’s benchmark CSI300 Index slipped 0.1 per cent. The surge in Moore...

Politics

2 w. ago China’s Auto Boom Accelerates on Surge in Gasoline Model Exports

China’s Auto Boom Accelerates on Surge in Gasoline Model Exports  Mexico Business News

Politics

2 w. ago Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

Mainland China’s billionaires have tightened their grip as Asia-Pacific’s wealthiest after their combined fortunes swelled to nearly US$1.8 trillion, with electric-vehicle (EV) maker BYD’s founder Wang Chuanfu and bubble tea chain Mixue’s bosses among the biggest drivers of that growth, according to a UBS report. Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early...

Economics

2 w. ago Tesla’s China plant sees shipment surge ahead of subsidy expiry

Tesla’s Shanghai Gigafactory reported a significant rebound in shipments last month as Chinese consumers took advantage of soon-expiring government incentives to snap up cars. The US carmaker’s Shanghai plant, its largest production facility globally, delivered a total of 86,700 Model 3 and Model Y electric vehicles (EVs) in November, a 41 per cent jump from October and a 10 per cent rise from a year earlier, according to data from the China Passenger Car Association (CPCA). The deliveries...

Politics

3 w. ago Hong Kong dollar bonds to continue surge after record US$42 billion year

Hong Kong dollar bond issuance is poised to expand, following a record run of offerings, as easing local interest rates attract more issuers while a global diversification trend persists, according to analysts. Total issuance in the city’s currency reached a record HK$331 billion (US$42.6 billion) so far this year, nearly 37 per cent higher than 2024’s full-year total of HK$242 billion. “The Hong Kong dollar bond market will continue to grow over the long term, supported by structural shifts,”...

Economics