Ant Group and Taobao China Holding, two affiliates of e-commerce giant Alibaba Group Holding, hold a combined 29.4 percent stake in Megvii, according to the prospectus. But founders Yin Qi, Tang ... ( read original story ...)
Shanghai to foster new growth drivers with AI technology
Shanghai will consolidate its foundation of the AI industry, strengthen the development of multimodal and large models, enhance its competitiveness in new fields such as intelligent content creation ... ( read original story ...)
Stock market today: Asian shares mostly lower after China reports weaker than expected growth in 2Q
The Shanghai Composite index dropped 1.2% to 3,199.17 after China reported its economy grew at a 6.3% annual pace in April-June. That’s better than the 4.5% expansion in the January-March quarter but ... ( read original story ...)
Food, shopping carnival kicks off near North Bund
A summer food and shopping carnival was launched near the North Bund waterfront in Shanghai's Hongkou District on Sunday to tap into the potential of the summer consumer market. The "Life Shines at ... ( read original story ...)
Shanghai stocks edge down with HK closed
Shanghai stocks opened lower on Monday ahead of the release of mainland economic growth data, while Hong Kong's market was closed owing to a ... ( read original story ...)
Balance of loans in Shanghai up 7.7 pct at end of June
The balance of loans in Shanghai including all currencies stood at 1091 trillion yuan 153 trillion US dollars at the end o ... ( read original story ...)
Syngenta Seeks to Lure Mideast Funds to $9 Billion IPO
Syngenta Group has approached a number of Middle Eastern sovereign funds as it seeks cornerstone investors for its 65 billion yuan ($9 billion) initial public offering, people with knowledge of the ... ( read original story ...)