Alibaba (NYSE:BABA) is shutting down its quantum computing research lab and will donate the equipment to Zhejiang University in the Chinese city of Hangzhou, Bloomberg News reported. The lab’s closure …
Tagged By business
Jack Ma is betting on a new food business in China
“Ma’s Kitchen” has registered capital of 10 million yuan ($1.4 million), the system showed. The business is wholly owned by an entity named Hangzhou Dajingtou No. 22 Arts and Culture, of which Jack Ma …
Hong Kong’s Exports Unexpectedly Grow as China Demand Improves
Hong Kong’s exports rose last month for the first time in more than a year as trade with mainland China improved, providing some optimism for the financial hub’s economic outlook.
China’s inverter exports in October 2023 fell 20.4% MoM, shipments to Europe to remain sluggish in Q4
In October 2023, inverters were exported to 184 countries. Europe received 539,800 units, 17.35% of total exports, down 43.86% MoM. Africa got 748,000 units, 24.05% of total exports, down 25.2% MoM.
How US Limitations on Chip Exports Could Strain Nvidia Stock
US limits on chip exports to China have already reduced Nvidia’s international revenue and could stand to dampen some of the more bullish theses on the stock. Nvidia’s future growth hinges on its …
Beijing stock exchange tells ‘major shareholders’ to refrain from selling -sources
SHANGHAI/BEIJING: The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could …
Jack Ma, the poster boy of China’s tech scene, is moving into the food business
Alibaba cofounder Jack Ma has set up a company called “Hangzhou Ma’s Kitchen Food.” …
Concerns mount in Japan over China’s graphite export curb
Concerns are mounting among Japanese companies over China’s decision to restrict exports of graphite, a key material used in the production of lithium-ion batteries.
How import expo became nation’s shared public product
For journalists, it could be a challenge scampering from one corner of the vast venue in Shanghai to another for an interview, and then scurrying back to attend a forum starting in the next minute.…
China’s Realme, sister brand of Vivo, Oppo, surges past 200 million smartphone shipments
Realme, owned by Chinese consumer hardware giant BBK Electronics, says it reached the milestone in the second quarter The company plans to take on premium phones with its coming Realme GT 5 Pro, which …
China-Based Zhongzhi Reveals Liabilities of up to USD64 Billion Amidst Property Sector Crisis
The deteriorating financial situation of Zhongzhi, a significant player in China’s shadow banking sector, which is roughly the size of the French economy at $3 trillion, raises concerns about the …
Portfolio Manager Has The ‘Most Conviction’ In This China Tech Stock Despite Staggering Drop In Share Price
Arcese highlighted the e-commerce, logistics, and marketing giant’s continued growth, and its 10% free cash flow yield.
Focus: Indian drug manufacturers benefit from Big Pharma interest beyond China
Drugmakers are seeking to limit their reliance on Chinese contractors who produce drugs used in clinical trials and early-stage manufacturing, a move that is benefiting rivals in India, according to …