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

Shandong Port Group Accelerates Efforts to Build World-Class Port Through Digitalization and Innovation

Shandong Port Group, the world's largest port conglomerate by cargo capacity, is doubling down on its efforts to build a world-class port, as its...

Hualuxe, the British Hotel Brand that Celebrates Chinese Culture

When walking into a Hualuxe hotel, one may believe that it's a Chinese brand but, in fact, it belongs to British company IHG Hotels...

China’s Zhuzhou Rubber Research & Design Institute Co Ltd Clarifies its Products are for Civilian Use Only

State-owned China National Chemical Corp (Sinochem) has denied recent allegations that its Hunan-based subsidiary, Zhuzhou Rubber Research & Design Institute Co Ltd, is involved...

Shenergy Group Co Ltd leads the way in building a domestic hydrogen energy manufacturing value chain

Shanghai-based Shenergy Group Co Ltd has unveiled the world's largest hydrogen-powered mining truck as part of its commitment to building a domestic hydrogen energy...

China’s Origin Quantum Advances in Quantum Computing Technology with First Non-Destructive Probe Electrical Measurement Platform

As Washington tightens its restrictions on chip exports to China, a local startup called Origin Quantum is racing to perfect its technology in quantum...

Alibaba Reports Better-Than-Expected Results Despite COVID-19 Impact

Chinese tech giant Alibaba Group Holding Ltd has posted impressive financial results for the October-December period, with total revenue standing at 247.76 billion yuan...

HP to increase investment in China, sees long-term sustainable growth

In a bid to capitalize on China's crucial market and its pivotal role in global supply chains, tech giant HP has announced its plans...

Strong Recovery Trend: China’s SMEs Show Improvement in January

Industrial data has shown that small and medium-sized enterprises (SMEs) in China experienced a surge in activity during January, indicating a steady recovery in...

China’s Ministry of Commerce Opposes US Export Control on Six Chinese Entities

The Chinese Ministry of Commerce (MOC) has expressed its strong opposition to the United States' recent decision to put six Chinese entities on its...

Zeekr, Geely’s Electric Vehicle Brand, Raises $750 Million in Funding Round

Geely Automobile Holdings, the Chinese automaker, has secured $750 million in funding for its electric vehicle (EV) brand Zeekr. The investment was made by...

China rewriting development blueprint, trade expert says

A senior fellow at the Washington-based Institute for China-America Studies, Sourabh Gupta, recently made a bold claim about China's infrastructure development. He stated that...

China’s Sany Heavy Industry moves closer to Frankfurt listing

China's leading engineering machinery company, Sany Heavy Industry, is moving forward with its plans to list on the Frankfurt Stock Exchange. This could be...

China tightens requirements on classifying banks’ asset risks

China is taking a stricter approach to managing financial risks in its banking sector. Effective July 1, banks must classify all assets, including bonds,...

China’s warming foreign trade boosts global economic recovery

It is a busy period in South China's Guangdong Province. The region, a primary economic hub, is seeing a robust rebound in foreign trade...

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