The proposed IPO and funding round comes at a time when the demand for AI chips is skyrocketing across various industries. Biren’s advanced chip solutions have gained recognition for their superior ... ( read original story ...)
China AI Chip Firm Targeting Nvidia Seeks Hong Kong IPO in 2023
Chinese chip startup Shanghai Biren Intelligent Technology Co. is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter, aiming to ... ( read original story ...)
Stock market today: Asian shares extend losses after China reports lower growth than expected
Australia's S&P/ASX 200 shed 0.3% to 7,276.00. South Korea's Kospi lost 0.5% to 2,606.19. Hong Kong's Hang Seng gave up 1.9% to 19,037.07, while the Shanghai Composite dropped 0.3% to 3,200.76. On ... ( read original story ...)
China Stock Market May Reverse Monday’s Losses
The China stock market on Monday snapped the two-day winning streak in which it had risen more than 40 points or 1.2 percent. The ... ( read original story ...)
China central bank keeps rate, rolls over medium-term policy loans
SHANGHAI/SINGAPORE (Reuters) -- China's central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged as expected on Monday, however markets expect authorities will ... ( 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 ...)
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 ...)