The Alibaba office building on Feb. 18, 2025, in Nanjing, Jiangsu province of China. Fang Dongxu | Visual China Group | Getty Images Chinese tech titan Alibaba posted a startling 239% year-over-year jump in net profit in the final quarter of 2024. CEO Eddie Wu attributed that shiny result to growth in the company’s cloud…
Melbourne, Australia, at night. James O’Neil | Getty Image Asia-Pacific markets fell Thursday, as investors weighed U.S. President Donald Trump’s proposed tariffs on autos, chips and pharmaceutical imports as well as the Federal Reserve potentially keeping rates higher for longer. Trump, who said the duties could be implemented as soon as April 2, did not specify whether…
* Nicknames bloom in China’s tech renaissance Surge in Chinese tech stocks captures analysts’ imagination * Catchy monikers rival ‘Magnificent Seven’ in the US * AI startup DeepSeek fuels buzz around technology companies By Tom Westbrook and Samuel Shen SINGORE/SHANGHAI, – Six Little Dragons, Seven Sisters and the Terrific Ten. These are some of the…
The case for buying Chinese stocks – particularly tech shares – is improving, perhaps enough to tempt back long-term investors, investment banks say, noting the emergence of AI startup DeepSeek and a meeting between Xi Jinping and business leaders in the sector. Bank of America Securities said the view on China could be shifting to…
Australia, New South Wales, Sydney Scott E Barbour | The Image Bank | Getty Images Asia-Pacific markets traded mixed Tuesday, a day after Chinese President Xi Jinping signaled support to the country’s private sector and urged businesses to “show their “talents.” Australia’s S&P/ASX 200 ended the day 0.66% lower at 8,481, after the Reserve Bank…
HONG KONG (Reuters) – Shares of Tencent were set to open up 6.6% on Monday after the company said its Weixin messaging app has launched beta testing with Deepseek as firms race to link up with China’s rising artificial intelligence start-up. Tencent shares were set to open at HK$506, their highest since July 2021. The…
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images Asia-Pacific markets were set to mostly rise Friday, tracking Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies them immediately….
The ArcelorMittal steel production plant in Ghent, Belgium, on July 27, 2024. Jonathan Raa | Nurphoto | Getty Images The excitement over artificial intelligence and U.S. President Donald Trump’s perceived friendliness to the stock market buoyed investor sentiment as recently as December. In 2025, it seems those animal spirits have somewhat evaporated. Any time Trump…
Dukai Photographer | Moment | Getty Images Asia-Pacific markets fall Monday, tracking U.S. stocks futures that were lower ahead of key economic data, with the likelihood of more tariffs escalating trade tensions also denting investor sentiment. U.S. President Donald Trump told reporters Sunday that he was planning to announce a blanket 25% tariff on all…
The launch of DeepSeek has unsettled the world’s belief that it “could contain China”, said Deutsche Bank, calling the emergence of the artificial-intelligence (AI) technology the country’s “Sputnik moment”. By characterising the start-up’s achievement as a significant turning point for the country, the bank goes further than Marc Andreessen, the influential Silicon Valley venture capitalist,…