Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier of chips for artificial intelligence (AI), ... ( read original story ...)
China’s Nvidia challengers set for bumper IPOs amid tech self-sufficiency drive
China’s Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) ... ( read original story ...)
Shanghai to Allow Firms to Open Upgraded FT Accounts for Direct Cross-Border Funds Transfer
(Yicai) Dec. 4 -- The China Shanghai Pilot Free Trade Zone will launch a pilot program, allowing qualified companies to open an upgraded FT account, which will enable them to direct transfer funds ... ( read original story ...)
Tesla stock gains following good news from Shanghai Gigafactory
Sales of Tesla vehicles produced at its Shanghai Gigafactory increased by 9.9% year over year in November. Sales of Model 3 and Model Y vehicles made at the factory jumped 41% month over month, ... ( read original story ...)
Tesla on Pace for First Down Year in China Sales Ever. The Stock Is Rising.
The company produced more cars in China in November, bouncing back from a relatively weak October. Sales in Germany were less bad than recently. ( read original story ...)
HSBC bank launches China private-banking service in three cities
SHANGHAI (MarketWatch) -- HSBC Bank (China) Co., the China unit of HSBC Holdings PLC's HBC Hongkong & Shanghai Banking Corp., said Monday it launched private banking operations in mainland China ... ( read original story ...)
One year on: China’s stimulus program might have paid off in Shanghai
In September 2024, China launched a highly ambitious economic stimulus program that sought to stabilize stock and real estate markets, support consumption, and ease local financial stress while ... ( read original story ...)