(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
The first inland cargo barge that combines methanol and hydrogen electric for a more efficient operation was launched earlier this month in China. The vessel also represents an expansion of Chinese auto manufacturer Geely’s methanol technology into the maritime sector as the company looks to expand its international operations. The barge, which has a…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
Beneath our feet, in sunless depths once thought barren, a vast and vibrant ecosystem thrives. A groundbreaking study by Chinese and Canadian scientists has revealed the surprising “energy engine” powering this hidden biosphere: the very breaking and grinding of Earth’s crust during earthquakes and tectonic shifts. Forget 19th century French novelist Jules Verne’s fantastical depictions…
Hong Kong can become a regional trading hub for green marine fuel and help augment China’s influence on supply and pricing, according to an industry player. “Hong Kong’s advantages lie in its roles as an international free port, shipping and financial hub, and the government’s willingness to support energy transition and green finance,” said Leo…
HiTS (Shanghai) Hydrogen Power Technology, which aims to be the BYD of commercial drones powered by hydrogen fuel cells, plans to set up research and assembly operations in Hong Kong to serve international markets, according to its chief financial officer. Just as the world’s leading electric-vehicle maker BYD also makes EV batteries, HiTS has expertise…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…