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Category China

Commodity wrap: rate cut hopes fuel gold, silver rally; oil prices climb on geopolitical risk

Commodity wrap: rate cut hopes fuel gold, silver rally; oil prices climb on geopolitical risk

Gold prices rose on Friday after the release of the US inflation data, which ignited fresh hopes for an interest rate cut by the Federal Reserve ne...
Is Moore Threads now a real threat to Nvidia after its record-breaking IPO?

Is Moore Threads now a real threat to Nvidia after its record-breaking IPO?

Moore Threads’ blockbuster Shanghai debut has ignited talk of a credible Chinese challenger to Nvidia. The Beijing-based chipmaker has raised rough...
Tokenized Finance Advances in China With Hua Xia’s $600M Bond Sale in Digital Yuan

Tokenized Finance Advances in China With Hua Xia’s $600M Bond Sale in Digital Yuan

China’s push to upgrade its digital-asset market entered a new phase this week after Hua Xia Bank sold 4.5 billion yuan ($600 million) in tokenized...
Tesla rolls out cheaper Model 3 in Europe as EV competition grows

Tesla rolls out cheaper Model 3 in Europe as EV competition grows

Tesla has introduced a lower priced Model 3 Standard in Europe, expanding its range at a time when buyers are seeking more affordable electric vehi...
Baidu eyes Hong Kong listing for Kunlunxin as China pushes AI chip independence

Baidu eyes Hong Kong listing for Kunlunxin as China pushes AI chip independence

Baidu is exploring a Hong Kong listing for its Kunlunxin AI chip arm, as per a Bloomberg report. The move comes at a time when Beijing is intensify...