When Bonnie Chan Yiting was in Davos six weeks ago for the World Economic Forum’s (WEF) annual confab, the Swiss ski resort was abuzz with a groundbreaking app that a little-known artificial intelligence (AI) start-up had released half a world away in China. Hangzhou-based DeepSeek rolled out its namesake app on January 20, providing its…
China’s largest electric vehicle (EV) maker BYD plans to raise up to HK$40.7 billion (US$5.05 billion) in a primary share placement to support its research and development efforts and overseas expansion, according to a term sheet seen by the Post. The company will issue 118 million shares at between HK$333.00 and HK$345.00 per share to…
A slew of Chinese companies are eyeing initial public offerings (IPOs) in Hong Kong, riding on the stock market impetus provided by artificial intelligence (AI) start-up DeepSeek. AICT, a Beijing-based AI solutions provider, aims to raise about US$200 million from a Hong Kong IPO, according to sources familiar with the matter. AICT, whose products are…
(Reuters) – Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities. President Donald Trump plans to impose a 25% tariff on Mexican crude and a…
By Nell Mackenzie LONDON (Reuters) – Wall Street stocks could be facing a correction because of ructions in the options market, Goldman Sachs specialist Scott Rubner said in a Thursday note seen by Reuters on Friday. Roughly $2.7 trillion of U.S. stock market derivatives are due to expire on Friday, which if not exercised, will…
We recently compiled a list of the 10 High-Flying AI Stocks on News and Ratings. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks. Goldman Sachs raised its target price for Chinese stocks today. They estimate that AI adoption could significantly boost earnings growth…
We recently compiled a list of the 10 High-Flying AI Stocks on News and Ratings. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against the other AI stocks. Goldman Sachs raised its target price for Chinese stocks today. They estimate that AI adoption could significantly boost earnings growth…
Beijing is repositioning the private sector as the cornerstone of China’s global competitiveness and technological edge in the face of growing geopolitical and economic headwinds, according to analysts’ assessments following President Xi Jinping’s meeting with prominent entrepreneurs. Observers also emphasised the importance of more stimulus and policy reforms to get the ball rolling. The first…
When President Xi Jinping brought together China’s most prominent entrepreneurs for a high-profile symposium, markets and industry observers the world over were watching. News of the symposium had garnered a great deal of attention, as such a meeting had not taken place since late 2018. In the years after that gathering, a series of seismic…
DeepSeek’s AI model integration into Weixin boosted Tencent’s stock on Monday. Gaming giant Tencent’s gains came after outsized gains in Alibaba and Baidu shares last week. Chinese tech stocks have rallied hard recently on the back of the hype in DeepSeek’s cost-effective AI model. Chinese artificial intelligence startup DeepSeek keeps setting the country’s tech stocks…