Companies

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

US Mortgage Rates Stop Rising, Nudging Homebuyer Demand Back

US mortgage rates eased slightly this week, halting a run of increases and drawing modest homebuyer and refinance demand back into a subdued market.

Eli Lilly Sues Six Companies Over Illegal Sales of Experimental Obesity Drug

Eli Lilly has sued six companies for allegedly selling versions of retatrutide, an experimental obesity drug still under clinical development and unapprove

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

Tech Giants Seal Landmark Hong Kong Office Deal Amidst Booming Real Estate Transactions

Alibaba and its affiliate Ant Group have finalized a significant acquisition of a prime office property in Hong Kong for $925 million. This substantial...

Alibaba’s MAI-UI Emerges as a New Leader in AI GUI Agents, Outperforming Gemini 2.5 Pro

Alibaba's Tongyi Lab has unveiled MAI-UI, a groundbreaking family of foundation GUI agents designed to revolutionize mobile interaction. These agents demonstrate superior performance in...

Alibaba Leverages AI to Challenge Meituan in China’s Local Services Arena

Alibaba Group Holding Ltd. is intensifying its competition with Meituan in China's lucrative local services market by rolling out a new AI-powered tool for...

Anta Sports Weighs Major Acquisition of Puma, Sparking Industry Buzz

Chinese sportswear giant Anta Sports Products is reportedly exploring a potential takeover of German athletic brand Puma. The move, if successful, would represent a...

Meta’s $2 Billion AI Acquisition: Manus Deal Signals Strategic Shift and China Exit

Meta has announced a blockbuster acquisition of AI startup Manus for over $2 billion, a move that underscores the tech giant's aggressive investment in...

Chinese AI Challenger Z.ai Aims for $560M IPO, Taking Aim at OpenAI’s Dominance

Chinese artificial intelligence powerhouse Z.ai has filed for an initial public offering on the Hong Kong Stock Exchange, seeking to raise approximately $560 million....

China’s Rocket Race Heats Up: iSpace Secures Major Funding Amidst Reusable Rocket Advancements

Chinese launch startup iSpace has announced a significant Series D+ funding round of $98 million, bolstering its development of the reusable Hyperbola-3 rocket. This...

Chinese AI Powerhouse MiniMax Aims for $600 Million IPO with Major Backing from Alibaba and Abu Dhabi

Chinese artificial intelligence startup MiniMax is gearing up for a significant initial public offering (IPO) in Hong Kong, aiming to raise over $600 million....

ABB’s Strategic Swedish Robotics Investment: A Reflection of Global Production Shifts

In a recent announcement, ABB, a leading Swiss engineering and technology group, revealed its decision to allocate a sum of $280 million to establish...

The Domino Effect of a Huawei Ban on Deutsche Bahn: Exploring the Economic, Security, and International Relations Implications

I. Introduction Germany's national railway operator, Deutsche Bahn, is confronting a potentially daunting scenario: replacing all components in its infrastructure provided by Chinese tech giant...

China Mobile to Establish Joint Laboratories to Drive Cloud Technology Innovation

China Mobile, one of China's largest telecom companies, has announced plans to accelerate the development of its cloud computing business. Over the past three...

Sonova Partners with Boao Lecheng to Improve Hearing Care in China

Switzerland-based Sonova Holding AG, the world's largest hearing care solutions provider, has announced its plans to expand its development in China as it pays...

Abbott Holds Health Forum to Reinforce Importance of Early Screening

Abbott, a global healthcare leader, has announced the renovation and upgrade of its Customer Experience Center in Shanghai, making it the first of its...

Financial Expert Panel Dispatched to Guizhou by China Cinda Asset Management

China Cinda Asset Management Co, a state-owned distressed asset management company, has sent a team of financial experts to Guizhou province in Southwest China...

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