“Alibaba may gradually become more attractive to some long-only funds because it is, after all, the largest e-commerce stock in China,” said Shawn Yang, senior analyst at Arete Research. “The expectations of macro improvement may be passed on to these consumer stocks. Alibaba is the largest among them, and its situation is improving.” Alibaba, owner … Read more
Nvidia has not finalised the delivery time for its latest chip designed to comply with Washington’s export restrictions for China amid a potential escalation of sanctions that could derail roll-out plans, industry sources said. The California-based chip giant has developed the B20 for Chinese customers, which is a downgraded version of its most powerful Blackwell … Read more
Xue Kan, the Communist Party secretary for Yangpu, once known for its heavy industries, told reporters at a media briefing on Friday that the district is trying to achieve a “cluster effect” by fully mobilising capital, talent and technologies to drive innovation and bolster the local economy. “We are pursuing the creation of 12 industrial … Read more
In the dynamic world of Wall Street, the quest for top tech talent has never been more intense. As financial institutions increasingly rely on advanced technologies like artificial intelligence and data science, the demand for skilled professionals in these areas is surging. Leading this charge are elite headhunters who specialize in bridging the gap between … Read more
Elon Musk has sued ChatGPT-maker OpenAI and its CEO, Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not for profit. The lawsuit filed late on Thursday in San Francisco puts the billionaire at loggerheads with the startup that he co-founded and is now the … Read more
The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers with rapid delivery times, industry sources say. Shein, PDD Group’s Temu and ByteDance’s TikTok Shop, which recently launched online shopping in the U.S., ship the majority … Read more
