Latest Market News
Tencent's AGI Bet: Can Ex-OpenAI Scientist Outpace US?
Tencent's new chief AI scientist Yao Shunyu, a former OpenAI researcher, aims to achieve AGI, signaling a strategic shift for Chinese tech giant.
Biotech Deal Surge Defies Iran War Inflation: $106B in 2026
Biotech deals hit $106B in 2026 despite Iran war inflation, driven by patent cliffs and China scouting. Industry adapts with strategic M&A.
Tesla China Sales Surge as EV Market Rebounds in May
Tesla's Shanghai Gigafactory delivered 85,982 vehicles in May, signaling a recovery in China's EV market amid broader industry growth of 12% year-on-year.
Goldman Sachs Pivots to Mainland China AI Hardware Stocks
Goldman Sachs cuts Hong Kong stocks to market-weight, favoring mainland A-shares for AI hardware exposure. CSI 300 target raised to 5,500.
DeepSeek Raises $7.4B from Tencent and CATL in Landmark AI Deal
Chinese AI startup DeepSeek secures $7.4B in first funding round from Tencent, CATL, and others, valuing it up to $59B. The deal signals China's push for AI self-sufficiency.
Li-Ning and Curry Brand Join Forces for China Push
Li-Ning partners with Curry Brand to expand in China, leveraging local production and retail networks. The deal targets basketball market growth.
China's May Factory Data Misses Mark as Growth Slows
China's factory activity slowed in May, with official PMI falling and private survey missing forecasts, signaling softer industrial growth.
Japan Boosts Defense Spending, Rejects 'Neo-Militarism' Label
Japan increases defense spending and revises arms export guidelines amid rising tensions, while seeking dialogue with China and other neighbors.
Congress Reaffirms Taiwan Support Amid Trump Uncertainty
U.S. lawmakers issue bipartisan statement backing Taiwan, countering President Trump's ambiguous remarks and Hegseth's silence on the island.
Nio's ES9 SUV Launch: A Strategic Pivot Back to China
Nio launches ES9 SUV in Beijing, slashing prices and accelerating delivery. The move signals a strategic retreat from overseas expansion amid geopolitical tensions.
China AI Stocks Surge as Narrowing Tech Rally Defies Slow Growth
Analysts favor AI-focused China stocks despite weak retail sales, with a narrowing rally into semiconductors and hard tech outperforming the broader market.
Pratas Islands: Taiwan's Strategic Weakness in South China Sea
The lightly defended Pratas Islands, claimed by China, pose a strategic vulnerability for Taiwan amid rising tensions.
Nvidia Vera CPUs Target $200B Market, Including China
Nvidia's new Vera CPUs open a $200 billion market opportunity, with CEO Jensen Huang confirming China is included in the forecast.
China's Deadliest Coal Mine Disaster in 16 Years: 90 Dead, Regulatory Scrutiny Intensifies
A coal mine explosion in Shanxi killed at least 90, marking China's worst mining disaster since 2010. President Xi orders all-out rescue efforts.
APEC 2026: US-China Trade Rifts Persist Despite Host China's Efforts
APEC meetings hosted by China reveal persistent US-China trade gaps, with China pushing tariffs down and US seeking balanced trade, while Rubio's India visit highlights broader geopolitical tensions.
Russia-China Mega-Deal: 40 Pacts Signed, Pipeline Stalled
Putin and Xi sign over 40 deals across trade, tech, and nuclear security, but the Power of Siberia 2 pipeline remains unresolved.
Nvidia Concedes China AI Chip Market to Huawei
Nvidia admits losing China's AI chip market to Huawei amid export curbs, but eyes future return.
Alibaba Triples AI Chip Performance, Bolsters China's Tech Independence
Alibaba unveils Zhenwu 930 AI chip with 3x performance, advancing China's domestic semiconductor push and supporting its Qwen AI models.
Boeing Secures 200-Jet China Order, Signaling Trade Thaw
China confirms a 200-aircraft order from Boeing, marking a major trade breakthrough and boosting US manufacturing.
Geopolitical Chess: Russia-China Oil Deal Looms as Iran Tensions Ease
Analysis of how the Russia-China summit and Trump's Iran strike postponement reshape global oil markets, with European shortages looming.