category: Asia – Charm

TikTok Invests $8.8 Billion in Thailand Data Centers, Bypassing US-China Tech Tensions – Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)

Cs news5 months ago02 mins

ByteDance’s TikTok committed $8.8 billion in data centers in Thailand over five years, Reuters cited VP Helena Lersch on Friday. Prior reports indicated Nvidia Corp NVDA eying investments in Thailand after Alphabet Inc GOOG GOOGL Google and Microsoft Corp’s MSFT move as Southeast Asia becomes a hub for artificial intelligence data centers and component manufacturing. Thailand has attracted…

Xi Jinping And Jack Ma’s Upcoming Meeting ‘A Clear Message’ Of Beijing’s Support, Stock Soars In Hong Kong Ahead Of Earnings – Alibaba Gr Hldgs (NYSE:BABA), Apple (NASDAQ:AAPL)

Cs news5 months ago5 months ago04 mins

A potential meeting between Chinese President Xi Jinping and Alibaba Group Holding Ltd. BABAF BABA co-founder Jack Ma this week comes as China’s technology stocks continue their strong rally. What Happened: Prominent entrepreneurs including Ma have been invited to meet with China’s top leaders, reported Bloomberg, citing sources. This potential show of support for the…

Tesla Supplier CATL Eyes $5 Billion Hong Kong Listing Amid US Sanctions, Market Revival: Report – Tesla (NASDAQ:TSLA)

Cs news6 months ago03 mins

Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, is preparing to file for a secondary listing in Hong Kong this week that could raise at least $5 billion, marking one of the territory’s largest offerings in recent years. What Happened: The Chinese battery giant could submit its listing application as…

China Tech ETFs Surge As DeepSeek-Led AI Boom Fuels Bull Market – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news6 months ago05 mins

As China’s tech sector stages a strong comeback, investors are increasingly looking at ETFs as a way to gain exposure to this space. Whether it’s internet giants, broad technology firms, or a mix of leading Chinese companies, ETFs offer a diversified way to take a bite of surrounding China’s innovation boom. Here are three ETFs…

Wall Street Struggles For Direction, Tesla Flirts With Record Highs, Bitcoin Tumbles Below $95,000: What’s Driving Markets Tuesday? – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)

Cs news8 months ago8 months ago04 mins

The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…

Tesla Vs. BYD: The EV Duel Heats Up – Tesla (NASDAQ:TSLA), BYD (OTC:BYDDF), BYD (OTC:BYDDY)

Cs news8 months ago05 mins

In the electric vehicle (EV) battle, Tesla Inc. TSLA and BYD Co Ltd BYDDF BYDDY are two titans vying for dominance. Tesla dominates the premium EV space with its technological prowess and global brand appeal, while BYD, a Chinese heavyweight, is reshaping the mid-tier and budget markets with its diversified lineup and affordability. With Tesla…

Bank Earnings Propel Wall Street To Record Peaks, Oil Plunges Below $70, Gold Shines At All-Time Highs: This Week In The Market – Apple (NASDAQ:AAPL), SPDR Gold Trust (ARCA:GLD)

Cs news9 months ago9 months ago04 mins

Wall Street powered ahead this week as stronger-than-expected bank earnings and upbeat guidance pushed the S&P 500 and Dow Jones Industrial Average to record highs. The September retail sales report positively surprised expectations, while a notable drop in weekly jobless claims reinforced the perception that the U.S. economy remains strong. This momentum has led some…

Billionaire Investor Ray Dalio Urges Xi Jinping’s China To Implement This To Prevent Debt Crisis: ‘They Have The Willingness To Do That’ – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news9 months ago9 months ago05 mins

Ray Dalio, the founder of Bridgewater Associates, has called on Xi Jinping‘s China to adopt a “beautiful deleveraging” strategy. This comes in the wake of China’s recent stimulus measures, which Dalio believes should be complemented with this strategy to avert a potential debt crisis. What Happened: Dalio, while speaking at the FutureChina Global Forum in…

Alibaba, Nio, JD.Com And Other US-Listed China Stocks Tumble As Investors Await Clarity On Fiscal Stimulus Plan – Alibaba Gr Hldgs (NYSE:BABA), JD.com (NASDAQ:JD)

Cs news9 months ago9 months ago04 mins

China’s stock market faced a significant decline on Tuesday, even as broader Asia-Pacific markets experienced gains. This downturn occurred in the wake of record highs on Wall Street, where the Dow Jones Industrial Average and the S&P 500 reached new peaks. What Happened: Several Chinese companies saw notable declines. Nio Inc – ADR NIO fell…

Alibaba, JD.com, XPeng Soar In Hong Kong As PBOC’s Fresh Stimulus To Boost Stock Market Sends Chinese Main Stock Market Gauge Up By 3% – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news10 months ago10 months ago05 mins

The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People’s Bank of China announced measures to boost the stability of the domestic equity market. What Happened:…