Shares of his company Horizon Robotics Inc., which debuted in Hong Kong on Thursday, rose more than 30% in early trading, lifting the machine learning expert’s fortune to as much as $1.2 billion, …
Monthly Archives For October 2024
Hong Kong IPO Swells China Software Tycoon’s Fortune to $1 Billion
Shares of his company Horizon Robotics Inc., which debuted in Hong Kong on Thursday, rose more than 30% in early trading, lifting the machine learning expert’s fortune to as much as $1.2 billion, …
HKEX posts best third-quarter earnings since 2021 on China stimulus, 15 IPOs; Morningstar keeps HK$300 fair value
HKEX reported its best third-quarter earnings in three years on Oct 23, with net profit up 7% y-o-y to HK$3.15 billion in 3QFY2024 ended Sept 30.
Global food giants deepen price cuts to tempt China’s wary shoppers
International companies such as Danone and Nestle have deepened price cuts or are seeking to boost online shopping volumes to win over China’s increasingly reluctant customers, executives said.
IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms
The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday …
Beijing Daxing Airport to launch new international routes amid civil aviation recovery
A key highlight is the expansion of international routes at Beijing Daxing International Airport, further cementing its status as a major global hub. Saudia Airlines will launch a new route from …
China rivalry will continue ‘into the next decade,’ U.S. ambassador tells NBC News
The United States will judge China “on its actions, not just its words,” U.S. Ambassador to China Nicholas Burns said, as the two rivals try to improve ties.
India and China have struck a deal that could ease border tensions ahead of expected leader meeting
India and China have reached an agreement on military disengagement along their disputed border, New Delhi said, a step toward reducing frictions between the nuclear-armed neighbors that comes ahead …
‘We have to compete:’ U.S. Ambassador to China, Nicholas Burns, tells NBC News
The U.S. Ambassador to China, Nicholas Burns, told NBC News’ Janis Mackey Frayer in Beijing that, “We have to be clear eyed by the dangers and the threat that China poses to the U.S.” …
China’s Retirement Age Will Jump. Young Workers Will Still Pay a Price.
With high youth unemployment and older workers reluctant to retire later, China’s pension system is running dry.
CATL, China’s king of EV batteries, unveils new product for hybrid cars amid rising demand
Freevoy battery offers 400km of driving range before resorting to the fuel tank, twice the current ‘normal’ capability, CATL says.
‘Shark Tank’ star Mark Cuban says Donald Trump’s China tariffs would ruin Christmas next year
Mark Cuban said Donald Trump would be “the Grinch that stole Christmas” as a 60% tariff on Chinese imports may raise the price of presents next year.
Taiwan president to visit frontline islands with China for battle anniversary
Taiwan President Lai Ching-te will visit a sensitive group of frontline islands that sit next to the Chinese coast on Friday for the 75th anniversary of a key victory over communist forces and just …
