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

China’s Cross-Border E-Commerce Empowers Small Businesses and Stabilizes Foreign Trade, Experts Say

According to experts, cross-border e-commerce has become a crucial factor in stabilizing China's foreign trade while providing micro, small and medium-sized enterprises (MSMEs) and...

National Energy Administration Reports 11% YoY Jump in China’s Power Use in February

China's electricity consumption, a significant indicator of economic activity, rose by 11% YoY in February, indicating a steady recovery from COVID-19-triggered disruptions. According to...

Huawei helps global telecom carriers achieve digital transformation with innovative technology

Huawei Technologies Co is making strides to help global telecom carriers accelerate their digital transformation with cutting-edge technologies. According to You Jiangtao, vice-president of...

China Plans $1.44 Billion Fund for Chip Development Following Vice-Premier Liu He’s Visit to IC Enterprises

The semiconductor market has become the stage for a growing rivalry between the world's two largest economies, as the US government aims to curb...

China’s Push for 5G and 6G Technology to Drive Economic Growth and Digital Transformation

According to industry experts, China's intensified push for the development of superfast wireless technology, including 5G and 6G, will provide new momentum for the...

China’s Economic Recovery Gains Momentum in 2023 with Notable Improvement in Key Indicators

China's economy is demonstrating a strong start in 2023, with the National Bureau of Statistics reporting stabilization and improvement in both demand and supply....

China Has “Huge Room” for Export Growth, Says Economic Affairs Committee Vice-Chairman

According to a senior political advisor, China's exports are expected to continue growing and contribute to the country's overall economic growth this year. The...

Shanghai to witness a boom in shopping mall openings, with 45 new malls set to launch in 2023

Shanghai is poised for a resurgence in the retail sector as the city gears up to welcome a wave of new shopping mall openings...

China Energy’s Maerdang Hydropower Station to Begin Operations in March 2024, Cutting Millions of Tons of Emissions

China Energy Investment Corp, also known as China Energy, has announced that Maerdang hydropower station, the highest-altitude facility of its kind on the upper...

Martell partners with Conservation International for mangrove conservation project in China

French cognac brand Martell launched the second phase of its mangrove conservation project at Hailing Island National Mangrove Wetland Park, located in Yangjiang, in...

LinkedIn Admires Chinese Companies’ Globalization Efforts, Offers Assistance in Expanding Presence

LinkedIn, the California-based professional networking platform provider, has expressed admiration for Chinese companies' efforts to expand globally, and has pledged to assist more domestic...

Sino Biopharmaceutical Takes the Lead in Cancer Research with Acquisition of F-star Therapeutics

China's Sino Biopharmaceutical Limited, also known as Sino Biopharm, made a significant move in their on-going global expansion efforts on Thursday, announcing the acquisition...

China emphasizes expansion of high-level opening-up for trade and investment

As China looks to mitigate the impact of the COVID-19 pandemic, slowing global demand, geo-economic shocks, and fierce competition from the likes of Vietnam...

Experts Suggest Focus on Offshore Duty-Free Sales to Boost Tourism in Hainan

Experts believe that continued efforts to promote the building of the Hainan Free Trade Port as an international tourism consumption center will help attract...

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