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26.03.26 - 18:02
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Meituan Swings to $3 Billion Loss as Delivery Price War Bites (Caixin)
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Chinese food delivery giant Meituan swung to a staggering net loss of 23.4 billion yuan ($3.4 billion) in 2025, reversing a profit from the previous year as a blistering domestic price war and aggressive overseas expansion took a heavy toll on its bottom line.
... Read more...
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26.03.26 - 15:43
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Meta and Google Found Liable; Corebridge and Equitable Merge; Pony AI Swings to Profit (Bloomberg)
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Corebridge Financial and Equitable Holdings to combine in an all-stock merger, valuing the combined company at approximately $22 billion.
- Meta Platforms Inc. and Alphabet Inc.'s Google must pay damages to a 20-year-old woman who said her addiction to social media caused her mental health struggles, a jury concluded in a landmark decision that could signal hefty risks for the companies as they fight thousands of similar claims.
- Pony AI Inc. delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business. (Source: Bloomberg)...
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26.03.26 - 15:15
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KUAISHOU Repurchases 6.52 Million Shares Involving HKD298 Million (AAStocks)
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KUAISHOU-W (01024.HK) disclosed in its report that on March 26, it repurchased 6.52 million shares on the Hong Kong Stock Exchange at prices ranging from HKD45.44 to HKD46.1 per share, with a total consideration of approximately HKD298 million. Since the ordinary resolution passed on June 19, 2025, the company has cumulatively r......
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26.03.26 - 12:36
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China′s Pony AI to launch robotaxi service in Europe with Uber, local start-up (SCMP)
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Chinese self-driving technology firm Pony AI plans to launch robotaxi services with partners Uber Technologies and Verne in Zagreb, Croatia, spearheading commercialisation of autonomous cabs in Europe amid an accelerated go-global drive.
The three companies aimed to operate a fleet of thousands of robotaxis in various European cities over the next few years after achieving consistent performance and safety, Guangzhou-based Pony said on Thursday.
Neither the starting date for the service nor the......
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26.03.26 - 12:06
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The US Shows A Way Out Of Germany′s Energy Trap (ZeroHedge)
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The US Shows A Way Out Of Germany's Energy Trap
Submitted by Thomas Kolbe
Big developments are underway in Tennessee and Alabama. Over the next five years, the joint Japanese-American project will bring several so-called small modular reactors (SMRs) of the BWRX-300 type online. Almost one percent of U.S. electricity production—slightly more than three gigawatts—will be added to the existing energy mix by reactors designed by Hitachi and GE Vernova.
A caveat for purists of market economics: this is a hybrid project. While the majority is privately financed, export support from Japan as well as offtake guarantees and credit facilities accounting for roughly one percent of the total volume come from the U.S.
Overall, this project represents an investment of $40 billion. It joins a number of major initiatives currently being driven largely by the private sector in the U.S. Major platform operators and tech giants—Google, Meta, and Microsoft—are deeply involved in building new nuclear cap...
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26.03.26 - 11:45
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CN SAMR Holds Fair Competition Forum, Joined by CATL, BYD, MEITUAN (AAStocks)
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China's State Administration for Market Regulation (SAMR) announced that it held the first fair competition forum of 2026 today (26th), focusing on the theme of "Regulating Corporate Competition Behavior and Building a Healthy Competitive Ecosystem for Enterprises Going Global". The forum involved in-depth discussi......
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26.03.26 - 11:45
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TENCENT Repurchases 590K Shrs on Thu, Involving ~$295M (AAStocks)
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TENCENT (00700.HK) repurchased 590,000 shares of the company on the market today (26th), with transaction prices ranging from HKD495.2 to HKD506 per share, involving nearly HKD295 million.Since the buyback authorization resolution was passed on May 14, 2025, TENCENT has cumulatively repurchased nearly 113 million shares, account......
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26.03.26 - 11:33
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BOSS Zhipin Repurchases 748,460 Shares; Total Repurchases Amount to Over RMB480 Million in 2026 (GlobeNewswire EN)
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BEIJING, March 26, 2026 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HK: 2076) today announced the continued execution of its share repurchase program, utilizing around RMB34.4 million to repurchase 748,460 ordinary shares on March 25. Year-to-date in 2026, the Company has deployed over RMB480 million toward share repurchases. This move underscores the Company's ongoing commitment to shareholder returns....
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26.03.26 - 11:30
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HKD1.1B Southbound Trading Net Inflow to CNOOC (AAStocks)
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There was HKD1.1 billion, HKD910.8 million and HKD710.9 million Southbound Trading net inflow to CNOOC (00883.HK), KUAISHOU-W (01024.HK) and YOFC (06869.HK).There was HKD998 million, HKD522.7 million and HKD89.5 million Southbound Trading net outflow from BABA-W (09988.HK), SMIC (00981.HK) and POP MART (09992.HK).For Southbound ......
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26.03.26 - 11:24
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Meituan posts second consecutive quarterly loss amid costly instant commerce battle (SCMP)
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Chinese food and on-demand delivery giant Meituan reported on Thursday its second consecutive quarterly loss since 2022, as intense competition and a prolonged price war with Alibaba Group Holding and JD.com last year squeezed margins.
The company reported a 15 billion yuan (US$2.2 billion) adjusted net loss – worse than the 12.9 billion yuan average estimate by analysts – for the fourth quarter ended December 31, compared with adjusted net profit of 9.8 billion yuan a year earlier.
Its......
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