SHANGHAI -- China's benchmark stock index slipped to a low not seen in three and a half months amid signals that Beijing will rein in the share purchases by state-directed investors that have propped up the market. The Shanghai Composite Index fell 0.29% ... ( read original story ...)
In the World’s Strangest Bull Market, Most Stocks Are Falling
So what’s going on in Shanghai? In short, the market’s biggest companies are outperforming by an unusual degree -- propping up the benchmark gauge even as 724 of its 1,427 members post declines. The divergence has been driven partly by wagers that ... ( read original story ...)
Alibaba To Give Shanghai’s Subway System Hi-Tech Makeover
At the signing at Shanghai Shentong Metro Group’s headquarters, Alibaba engineers demonstrated an AI-powered ticketing machine that combines Ant Financial’s payment system, mapping technology from the Alibaba-owned navigation firm AutoNavi with far ... ( read original story ...)
Shenzhen-Hong Kong stock link sparks renewed appetite for mainland shares
The Shenzhen market's role was redefined in the 2000s to make it ... retail investors and basically closed to outsiders. If initiatives like the Shanghai and Shenzhen stock links and A-shares' inclusion in international indexes diversify the landscape ... ( read original story ...)
Shanghai subway to use Alibaba voice and facial recognition systems in AI push
Alibaba, its affiliate Ant Financial Services Group and Shanghai Shentong Metro Group, the operator of the Shanghai Metro, said in a joint announcement on Tuesday that the Metro would install Alibaba-developed “far-field” voice recognition technology ... ( read original story ...)
Starbucks to Open Biggest Cafe in the World in Shanghai
This week, Starbucks (NASDAQ: SBUX) is opening its biggest cafe in the world in Shanghai as China is becoming crucial for Starbucks. The store in Shanghai is 30,000-square-foot, and it is the second Reserve Roastery of Starbucks. In 2014, the company’s ... ( read original story ...)
DMG Mori opens Shanghai technology centre
The Shanghai plant went through a full-fledged renovation after the production stop in December 2016 and has now officially reopened as the company’s Shanghai Technology Centre. Renamed as Shanghai Technology Center, the facility includes a show room ... ( read original story ...)