Amid rising demand for AI hardware in China and U.S. sanctions, China's GPU industry is rapidly expanding, with companies like Biren, Moore Threads, MetaX, and Zhaoxin pursuing IPOs to secure funding ... ( read original story ...)
Shanghai Electric ratings upgraded to Baa2 by Moody’s
Investing.com -- Moody’s Ratings has upgraded Shanghai Electric Holdings Group Co., Ltd. (SEGC) and its key subsidiary, Shanghai Electric Group Company Limited (SHE) to Baa2 from Baa3, with the ... ( read original story ...)
EXCLUSIVE: Louis Vuitton’s Latest Store Is a Futuristic Boat Docked in Downtown Shanghai
The maritime-themed landmark — featuring retail, a café and an exhibition — will make its debut on Thursday, followed by a 24-hour event program. ( read original story ...)
Chinese GPU startups rush to IPO as US sanctions bite
As the global race for AI computing power heats up, Chinese GPU startups are rushing to go public. Companies such as Moore Threads, MetaX Integrated Circuits (Shanghai) Co., Shanghai Enflame ... ( read original story ...)
PBoC injects CNY 300 Billion into banking system via MLF to boost liquidity
People's Bank of China injected CNY 300 billion into banks on June 25 via a one-year lending facility to maintain liquidity. This operation, aimed at ensuring banking system liquidity, resulted in a ... ( read original story ...)
Ping An builds HK$180 billion stake in China banks on dividend bet
HONG KONG] Ping An Insurance Group, as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet that the dividend yields will outweigh headwinds of narrower ... ( read original story ...)
Shanghai’s commercial property market in disarray post-lockdown – Marketplace
In Shanghai, vacant storefronts abound, but it’s still a struggle to find space. China’s housing bubble has popped, and the commercial property market is going through a rough patch. ( read original story ...)