Hong Kong Investment Corporation is partnering with the start-up to create the HK-Galbot Embodied AI Lab, with prioritisation for the city as an IPO destination.
Tagged By crypto
China stays the course on reform after third plenum, leaving Western businesses in limbo
Western chambers of commerce in China, hoping for sweeping pro-market reforms from the third plenum, will have to keep waiting after an initial summary suggests little in the way of sea changes.
China’s consumers aren’t buying stuff, but it’s not because they’re broke
China’s household deposits reached a record high of around 147 trillion yuan, or $20.2 trillion, at the end of June.
China’s commodity import trend driven by prices, not economy
Indonesian coal with an energy content of 4,200 kilocalories per kilogram , a grade popular with Chinese utilities, ended at $52.70 a ton in the week to July 12, down 9.2% so far this year,…
China’s exports surge, pushing trade surplus to $99bn amid tariff threats
China’s exports hit a record $99bn trade surplus in June despite tariff threats from Donald Trump. High-value technologies drive growth as US and EU impose tariffs on Chinese goods.
Manycore Tech Said to File for $200 Million Hong Kong IPO This Year
Manycore Tech Inc., a maker of 3D design software, is preparing to file for a Hong Kong initial public offering as soon as this year to raise as much as $200 million, people familiar with…
China’s Third Plenum Leaves Investors Longing For More Specifics
China concluded its Third Plenum, a key economic policy-setting meeting, but the initial reaction to its priorities has been lacklustre.
China calls for bolstering tech ‘breakthroughs’ and achieving the full-year growth target
China’s leaders doubled down on boosting domestic technology in a high-level meeting called the Third Plenum that ended Thursday, according to a readout. State media said the meeting of the Chinese …
Delistings outnumber IPOs in Hong Kong so far this year
HONG KONG — Kin Yat Holdings, a Hong Kong electronics manufacturer and trader that listed before the territory returned to China in 1997, is planning to go private as its mainland businesses, from …
Has China, after long-awaited third plenum, given its market a demotion?
After assigning a ‘decisive role’ to the market in previous meetings, this year’s third plenum communique has removed that wording, leading observers to wonder how the change will play out in policy.
China quants defend sector amid calls to ban algorithmic trades
CHINA’S top quantitative hedge funds are defending the beleaguered industry against pundit calls to ban algorithm-driven trading following regulatory tightening. Read more at The Business Times.
Artiva prices $167M IPO, riding optimism for autoimmune cell therapy
Artiva’s IPO is a test of investor faith in the recent repositioning … Earlier this week, BRL Medicine, a privately held, China-based biotech, provided the first signs in a human trial that …
India, China’s regulation of crypto “weakly correlated” with participation
The world’s two most populous nations have strong crypto sectors despite governments that have discouraged the industry. China began its crackdown in 2017. Beijing has restricted certain activities, …
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