By Liam Mo and Brenda Goh BEIJING (Reuters) -China’s Alibaba is likely to highlight its artificial intelligence strategy with its quarterly results on Friday, but in line with its peers Tencent and Baidu, may struggle to show that its big AI investments are paying off. The companies have invested billions of dollars into AI over…
China’s domestic server and chipmakers are entering a “super cycle” as the country’s local governments spend lavishly on computing infrastructure to support artificial intelligence development. The AI Computing Power Concept Index, compiled by Chinese financial data provider Wind and comprising 54 component stocks, hit a record high on Monday, with an increase of 166 per…
The US Composite PMI rose from 55.1 in July to an 8-month high of 55.4 in August. Service providers hired at the fastest rate in seven months, while firms across both sectors reported higher import prices. Service sector price inflation reached its highest level since August 2022. August’s flash PMI numbers overshadowed jobless claims data….
Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable…
Chinese officials have summoned domestic companies, including major tech firms Tencent and ByteDance, over their purchases of Nvidia’s H20 chips, demanding explanations and expressing concerns about information risks. The Cyberspace Administration of China (CAC) and other agencies have also held meetings in recent weeks with Baidu and smaller Chinese tech companies. According to sources speaking…
Mass-hiring plans among China’s tech giants are serving to reinforce an increasingly popular decision among families for their college-bound children to embrace majors related to science and technology. The determination to capitalise on emerging trends, including a greater emphasis on fields related to artificial intelligence (AI), comes as China’s youth-unemployment rate – comprising 16- to…
Once a rising star in China’s AI scene, Manus has since relocated its headquarters to Singapore, quietly stepping out of the mainland spotlight just as Big Tech players from Tencent to ByteDance rush to fill the void. The timing is not coincidental. Manus’ departure didn’t trigger fireworks, but it did mark a turning point. The…
Date and time: Thursday, August 7, 2025 10.30-11.30am (HKT) The webinar will be live-streamed on this page. Bookmark it or add the event to your calendar to stay informed. Submit your questions to the panel and get them answered during the webinar. A fundamental shift challenging Silicon Valley’s dominance is under way, driven by Chinese…
CLN KraneShares Key News Asian equities delivered mixed performance overnight, as Vietnam outperformed on a trade deal, while Taiwan, South Korea, and Thailand all lagged amid the absence of new deals. News broke that Treasury Secretary Scott Bessent will travel to Stockholm to meet his Chinese counterparts, a potential signal of further thawing in US-China…
The sales resumption of Nvidia’s H20 processors and Advanced Micro Devices’ (AMD) MI308 chips in China is expected to ease the anxiety of local artificial intelligence companies, according to analysts. Speaking at the China International Supply Chain Expo in Beijing on Wednesday, Nvidia CEO Jensen Huang said he hoped to introduce more advanced chips to…