Famous Hong Kong singer and actor Nicholas Tse has yet again proved his business acumen by selling 1.5 billion yuan-worth (US$207 million) of sausages in China over the past three years. Tse’s food company, based in Hangzhou, Zhejiang province, eastern China, known as the brand Chef Nic Π, or fengweipai in Chinese, has also been…
China told its sailors on Monday to avoid posting about their jobs on dating apps. It was part of a wider warning for military staff not to expose their identities online. In the last year, China has pushed hard on warnings about online habits that it deems are security threats. Thanks for signing up! Access…
Kalshi and Polymarket catapulted to the most downloaded free apps on the Apple App Store on Tuesday. Kalshi is the betting market open to US citizens, while Polymarket is used by international bettors. Kalshi and Polymarket show Trump favored to win the Electoral College, with Harris expected to win the popular vote. Thanks for signing…
Tesla has criticized the US government’s plans to ban Chinese software from US cars. In a regulatory filing, the automaker said the new rules would add “unneeded regulatory burdens.” President Joe Biden announced plans to ban Chinese software after clamping down on China’s EV giants. Thanks for signing up! Access your favorite topics in a…
Amazon founder Jeff Bezos has backed at least three spatial intelligence startups this year. Spatial intelligence uses AI-powered robots to navigate freely within their environment. BI has compiled a list of which AI robotics startups Bezos has backed so far, per PitchBook. Thanks for signing up! Access your favorite topics in a personalized feed while…
Palantir’s third-quarter earnings beat Wall Street expectations. CEO Alex Karp said revenue growth was driven by AI demand in the US. Karp also called out critics who may have been skeptical of him. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking…
Market analysts predicted choppy trading and sharp swings going into the US presidential election. Donald Trump and Kamala Harris are locked in a tight race, fueling uncertainty among traders. One analyst said economic fundamentals matter more to markets than who becomes president. Thanks for signing up! Access your favorite topics in a personalized feed while…
Car companies are cutting costs heading into the end of the year. A price war in China poses a threat to profitability. Bloated inventory leads to production cuts. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our…
The US considered invading Japanese-occupied Taiwan in World War II. Top US commanders decided it would be a high-casualty nightmare. Chinese invaders today could face similar challenges. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms…
Inflation and higher interest rates aren’t going away, veteran strategist Bill Blain says. Blain, the principal of Wind Shift Capital, thinks global inflation is entrenched and rates can’t come down much more. Higher rates could crush speculative investments, driving a 12% decline in stocks, he said. Thanks for signing up! Access your favorite topics in…