1 hour ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

3 h. ago China’s orchard of AI, chip grads now ripe for the pickin’ as tech trade sours

When Jack Wang enrolled as an undergraduate in microelectronics at a prestigious Chinese university, the year was 2019, and China was in the early days of its trade war with the United States. Looking back, his decision to focus on the field revolving around the design and manufacture of hi-tech microchips has proved prescient. Today, it complements Beijing’s aspirations to make world-leading semiconductors amid Washington’s amped-up efforts to curtail China’s technological progress. Indeed, the...

Politics

7 h. ago US Treasury chief slams ‘unreliable’ China at House hearing on Trump trade policy

US Treasury Secretary Scott Bessent slammed Beijing on Wednesday for its aggressive export policies, urged it to be a more dependable partner and depicted China’s disjointed economic structure as hurting not only the US but the entire globe. “China currently has the most unbalanced economy in the history of the world,” Bessent, a former hedge fund manager, told the powerful House Ways and Means Committee. “They cannot be allowed to export their way back to prosperity, not only for working...

Politics

11 h. ago Stock market comeback pauses despite tame inflation data, China

Stock market comeback pauses despite tame inflation data, China-U.S. trade framework: Live updates  CNBC

Economics

12 h. ago Stock futures jump after tame inflation report: Live updates

Stock futures jump after tame inflation report: Live updates  CNBC

Politics

12 h. ago Why US defence chief’s attack on China won’t find favour in Southeast Asia

After listening to US Secretary of Defence Pete Hegseth’s all-out attack on “communist China” at the Shangri-La Dialogue in Singapore, some might have wondered what the Chinese people would make of it. But as a Chinese delegate listening to him live, I was wondering what Hegseth’s boss, US President Donald Trump, would think. In February, Trump called US Vice-President J.D. Vance’s speech in Munich bashing European allies “brilliant”. This time, we haven’t had his thoughts. I wondered, not only...

Events

13 h. ago Elon Musk's apology to Donald Trump is making investors happier than the U.S. China trade framework is

Elon Musk's apology to Donald Trump is making investors happier than the U.S. China trade framework is  Fortune

Economics

13 h. ago Debt crunch at NWD stokes downside risk in Hong Kong home prices, S&P says

The liquidity crunch at New World Development (NWD), one of Hong Kong’s biggest developers, is a blemish on the resurgent housing market, threatening to shake confidence among homebuyers and trigger a “downside scenario” in home prices, according to S&P Global Ratings. The developer deferred coupon payments on four series of perpetual bonds after months of speculation about its finances, sending a poor signal to creditors about its default risk. It surprised investors last month by not redeeming...

Economics

13 h. ago Futures Fall With CPI Inflation Due; China 'Framework' Reached

Futures Fall With CPI Inflation Due; China 'Framework' Reached  Investor's Business Daily

Economics

13 h. ago China grants export permits to rare earth giant for US, Europe shipments

A top Chinese rare earth exporter, which hosted President Xi Jinping during a 2019 inspection, said it had obtained export permits for several destinations, including the United States. Investors welcomed the news, sending the company’s shares higher. JL MAG Rare-Earth said on Wednesday that it had also been granted licenses for Europe and Southeast Asia, and that it would export magnetic materials, components and motor rotors. “After the export controls imposed on medium and heavy rare earth...

Politics

14 h. ago DJI launches US$10,000 enterprise drone that can avoid power lines at night

DJI, the world’s biggest maker of consumer drones, this week launched a US$10,000 enterprise flagship model, the Matrice 400, with extended flight time and an obstacle-sensing system to avoid buildings, mountains and high-voltage power lines at night. The new enterprise drone offers a 59-minute flight time, a payload capacity of up to 6kg, and a powerful lidar and mmWave radar-based obstacle-sensing system that makes this a versatile drone for applications such as emergency air response, power...

Events

14 h. ago US stock futures lower after US, China reach trade deal that awaits presidential sign offs

US stock futures lower after US, China reach trade deal that awaits presidential sign offs  USA Today

Politics

14 h. ago US stock futures dip on lack of details from China trade talk, CPI in focus

US stock futures dip on lack of details from China trade talk, CPI in focus  Yahoo Finance

Politics

15 h. ago US stock futures lower after US and China reach trade agreement

US stock futures lower after US and China reach trade agreement  USA Today

Politics

15 h. ago iFlytek says using local chips in AI models extends development time by 3 months

A senior Chinese tech executive admits that using mainland-produced semiconductors could delay the development of artificial intelligence (AI) models by three months, but insisted that his company would continue to use these chips and push improved processes. Liu Qingfeng, chairman and founder of Chinese voice recognition solution provider iFlytek, said that the extended AI model development process was due to the need for additional computing resources, compared with using Nvidia chips and...

Politics

15 h. ago Stock futures slip as U.S. and China agree to framework for future trade talks: Live updates

Stock futures slip as U.S. and China agree to framework for future trade talks: Live updates  CNBC

Politics

15 h. ago Indonesia’s green groups welcome move to axe mining permits in Raja Ampat

Indonesia’s green groups and Papuan residents have welcomed President Prabowo Subianto’s decision to revoke almost all nickel-mining permits in the country’s biodiversity gem of the Raja Ampat Islands, but urged authorities to protect other small and outlying areas from damage brought by such activities. Raja Ampat, an archipelagic region in Southwest Papua, has been dubbed the “last paradise on Earth” due to its extremely rich terrestrial and marine biodiversity, which includes 540 species of...

Politics

15 h. ago China opposes NATO’s criticism, urges it to stop using Beijing as excuse

China opposes NATO’s criticism, urges it to stop using Beijing as excuse  Investing.com

Politics

16 h. ago Stock market today: Dow, S&P 500, Nasdaq futures slip as US, China reach trade plan, with CPI inflation on deck

Stock market today: Dow, S&P 500, Nasdaq futures slip as US, China reach trade plan, with CPI inflation on deck  Yahoo Finance

Economics

17 h. ago Hong Kong student spared jail for faking exam results via beauty app Meitu

A Hong Kong student has been spared prison time over her attempt to secure a university placement with bogus entrance exam results edited by Chinese beauty filter app Meitu, with the presiding magistrate accepting the crime was a lapse in judgment. Ng Tsz-ying, 22, was sentenced to a 12-month probation order at Fanling Court on Wednesday for submitting a fake copy of her certificate in the Diploma of Secondary Education examination to the Education University of Hong Kong last year. Last month,...

Events