Business

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

Ganqmod Port, the largest highway port between China and Mongolia, experiences booming trade

According to official data, Ganqmod Port, the largest highway port between China and Mongolia, has seen a significant increase in trade volume in the...

China and France expected to strengthen economic ties

According to industry experts and business leaders, China and France are poised to deepen their commercial relations and expand trade, investment, and other collaborations...

Shanghai Solidifies Status as Top Destination for Foreign Investment with New Policies

The municipal government of Shanghai has unveiled a comprehensive set of policies aimed at promoting international trade and attracting foreign investment. The measures, which...

Kweichow Moutai Retains Top Spot as Most Valuable Chinese Brand for Fifth Year in a Row

Kweichow Moutai has once again secured its position as the most valuable Chinese brand for the fifth year in a row, with a brand...

ChatGPT sparks new AI wave in China’s home appliance and automotive industries

Chinese home appliance manufacturers and automakers are embracing the integration of AI-powered chatbots into their products and services to enhance the human-machine interaction experience....

China to cultivate digital industrial clusters with global competitiveness

Chinese government officials have announced that the country will intensify its efforts to build basic data systems, enhance digital infrastructure construction, and accelerate the...

Huawei’s net profit rises to $5.1bn as it focuses on growth opportunities

Huawei Technologies Co announced on Friday that it had generated a net profit of 35.6 billion yuan ($5.1 billion) in 2022, with total revenue...

China Calls Out Japan’s Harmful Acts Against Its Semiconductor Industry

China's Ministry of Commerce has called out Japan's planned export restrictions on chip manufacturing equipment, stating that it is a harmful act against China...

China to transition to new energy sources gradually, say industry experts

According to industry experts, China's shift to new energy sources should be gradual rather than abrupt. They suggest building a new type of power...

The Kaola: Arcfox’s innovative electric vehicle catering to mother-infant mobility needs in China

On Sunday, the China Maternal and Child Health Association released a new standard for maternal and infant-friendly vehicles, filling a gap in current mobility...

ADI Collaborates with Chinese Manufacturers to Develop Automotive Chips

During the annual China EV 100 Forum in Beijing from March 31 to April 2, Analog Devices, Inc (ADI) pledged to maintain its commitment...

LONGi Partners with ATP Tour as Official Solar Energy and Hydrogen Partner

Green Energy Technology Co Ltd has announced its partnership with the Rolex Shanghai Masters and the ATP Tour as the official solar energy and...

L’Oreal bullish about China’s economic prospects, sees potential opportunities in the market

Fabrice Megarbane, the president of L'Oreal North Asia Zone and CEO of L'Oreal China, has expressed L'Oreal's confidence and optimism towards China's short and...

Chinese Economy Shows Resilience as Entrepreneurs and Bankers Report Normal Functioning in Q1

Chinese entrepreneurs and bankers have shown increased confidence in the country's macroeconomic outlook in the first quarter of this year, according to a survey...

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