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 ...)
Alibaba (BABA) Backed MiniMax Planning IPO
Alibaba Group Holding Limited (NYSE:BABA) is one of Goldman Sachs’ top Chinese stock picks. On June 18, reports emerged indicating that one of the artificial intelligence startups the tech giant backs ... ( read original story ...)
The regeneration of Shanghai’s Bund – BBC
But the Bund’s regeneration has taken a fair amount of time. Long-time resident Luise Schafer was one of the first foreigners to move to Shanghai after China re-established ties with the rest of ... ( read original story ...)
W Shanghai The Bund Electrifies Shanghai’s Luxury Hotel Scene – Forbes
“Shanghai is neon, bold, ambitious, and loud,” says Anthony Ingham, Global Brand Leader for W Hotels Worldwide, describing how the city’s vibrant spirit influenced the design of the hip ... ( read original story ...)