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

Chinese home appliance makers expand overseas presence amid fierce domestic competition

Chinese home appliance makers are ramping up efforts to expand their presence in overseas markets, invest in localized research and development, and release high-end...

JD.com Partners with Top Tire Brands to Expand Market Share in Post-COVID Era

China's leading e-commerce giant, JD, has launched a campaign to expand its market share in the tire market, which is expected to witness growth...

China Takes Proactive Measures to Protect Economic Recovery Amid Rising Global Financial Uncertainties

Experts predict that China's central bank will implement further policy measures to safeguard the country's economic recovery from external uncertainties. This comes after the...

Guangdong government promises to strengthen follow-up services for private investment projects.

The Guangdong provincial government is taking steps to strengthen its efforts to support the development of private investment. In a recent move, the government...

Tsinghua Unigroup’s Ex-Chairman Zhao Weiguo Investigated for Suspected Crimes

Zhao Weiguo, the ex-chairman of Tsinghua Unigroup, a Chinese semiconductor firm, has been handed over to the procuratorate for investigation and prosecution on suspicion...

Novozymes achieves 9% sales growth in China, eyes further expansion

Denmark's Novozymes, a leading provider of biological products, views China as a land of vast potential and prospects for growth. The biotech industry is...

Chinese AI Pioneer SenseTime Collaborates with T&B Media Global (Thailand) to Boost Translucia’s Virtual World Infrastructure

T&B Media Global (Thailand) and SenseTime, the Chinese AI pioneer, have joined forces to enhance the infrastructure of Translucia, Thailand's inaugural virtual world. The...

Pingdu’s False Eyelash Industry: A Craftsmanship Business Thriving in the Digital Age

70% of the world's false eyelashes are actually produced in Pingdu, a county-level city of over 1.3 million residents in Shandong province? That's right!...

China Launches Chongqing Digital Economy Innovation Park, Aiming to Lead Global Digitalization

The Chongqing Digital Economy Innovation Park, China's first large-scale industrial project in the digital economy, was officially inaugurated on Saturday, marking a significant milestone...

Qingxian’s makeup brush factories dominate China’s market and beyond

Hu Na is a skilled worker from Cangzhou's Qingxian county in Hebei province, about 170 kilometers southeast of Beijing, who recently demonstrated on e-commerce...

Changan’s Latest Yida Sedan Features Baidu’s Ernie Bot, Setting New Standards in the Chinese Auto Industry

Changan, a Chinese carmaker, has unveiled its latest creation - the Yida sedan, and it's turning heads for being the first mass-produced vehicle in...

China’s National Legislature Prioritizes Pooling of Quality Resources to Achieve Breakthroughs in Key Fields

China's national legislature recently held its annual session, during which President Xi Jinping recognized Shan Zenghai, chief engineer of Xuzhou Construction Machinery Group, who...

China’s Semiconductor Industry: Overcoming Challenges to Achieve Self-Sufficiency

China's aspiration to compete at the highest levels of chip-making has captured the imagination of its citizens. The country is investing heavily in the...

Huawei Leads the Charge for 5.5G Industry Consensus and Commercialization

Huawei Technologies Co is calling on partners to promote industry consensus and commercial deployments for the era of 5.5G, an evolution of 5G technology. Yang...

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