China

Chinese fintech giant Ant Group disclosed on Monday that it invested a record 23.45 billion yuan ($3.26 billion) in research and development during 2024, marking the fourth consecutive year of increased R&D spending since 2021. What Happened: The Alibaba Group Holding Ltd. (NYSE:BABA) affiliate...

The Donald Trump administration is preparing a set of executive actions to bolster the U.S. artificial intelligence (AI) sector, aiming to outpace China in the global AI race. What Happened: The administration's proposed actions aim to ease power grid constraints and expedite data center...

U.S. futures rose on Friday following Thursday’s rally. Futures of major benchmark indices were trading higher. The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva. U.S. Commerce Secretary Howard Lutnick confirmed the deal with China...

The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva. Commerce Secretary Howard Lutnick confirmed the deal, which was signed two days ago, noting that the White House has immediate plans to secure agreements with ten other major trading...

Pony AI Inc. (NASDAQ:PONY) saw its stock move higher during Wednesday’s premarket session following an index inclusion that marks a new milestone for the autonomous driving firm. The company was officially added to the Nasdaq Golden Dragon China Index on June 23, making it the only pure-play...

NIO Inc. (NYSE:NIO) shares are trading higher on Tuesday. The company’s sub-brand Firefly, which focuses on compact electric vehicles, announced an early rollout of its battery rental sales model. Originally planned for Aug. 1, the debut of its Battery-as-a-Service (BaaS) offering comes...

Ark Invest CEO Cathie Wood predicts that electric vehicles will undercut gasoline-powered cars economically within three years, citing China’s explosive growth in electric vehicles as a roadmap for the U.S. market transformation. What Happened: Wood wrote on X that “China is pointing...

As tensions continue to mount in the Middle East, maritime data from the region comprising key global shipping chokepoints is flashing red. What Happened: On Sunday, X user EndGame Macro, quoted a post sharing data that showed a substantial dip in vessel crossings through the Strait of Hormuz and...

China has reportedly trialed a domestically developed operating system aboard a small satellite, a move aimed at reducing dependence on foreign software in space-based applications. Researchers used the OpenHarmony real-time operating system (RTOS)—a streamlined version of Huawei Technologies...

The tech leaderboard of 2030 could look radically different, not just because of who rises but also because of who fades. A post on X by Koyfin reveals that Coatue’s recent projections for the next wave of trillion-dollar companies suggest a shift in how value is being created across...

NIO Inc. (NYSE:NIO) is reportedly moving forward with plans to spin off its semiconductor division into a separate company, a step that could enable the EV maker to supply chips to other automotive firms, CnEVPost reports, citing reports from local media. The new unit will become an independent...

Mike Gallagher, Head of Defense at Palantir Technologies Inc. (NASDAQ:PLTR), warned that Chinese President Xi Jinping is actively decoupling from the United States and that America risks losing negotiating leverage by ignoring this strategic shift. What Happened: “Xi Jinping is decoupling...

Alibaba might have flown under the radar recently, but two of its recent moves could position it as one of the most tantalizing names to watch in China-led ETFs. With a new push into next-gen artificial intelligence and an exploding instant commerce model already at 40 million orders per day, the...

Prominent Tesla Inc. (NASDAQ:TSLA) analyst Gary Black has aimed at “Tesla bears,” particularly long-term bear Drew Dickson, for what he calls a fundamental misapplication of traditional automotive price-to-earnings (P/E) ratios to Elon Musk‘s burgeoning electric vehicle business....

Monopoly maker Hasbro Inc. (NASDAQ:HAS) announced that it has cut 3% of jobs amid higher tariffs on imports from China. Here’s a list of five other publicly traded companies that have either reduced their workforce or intend to do so due to the impact of tariffs. What Happened: After...