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24.04.26 - 15:00
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Chinese EV makers target global expansion at Auto China amid energy shock (SCMP)
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Chinese electric vehicle (EV) makers at the Beijing auto show are shifting their focus to overseas markets, banking on opportunities from the Middle East crisis to boost profitability amid weak sales at home.
“Going global has become a top choice for Chinese EV builders as they struggle to break even,” said Phate Zhang, founder of Shanghai-based data provider CnEVPost. “The Middle East crisis is acting as a strong catalyst to bolster their overseas deliveries.”
Nearly all major EV assemblers......
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24.04.26 - 14:06
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China′s DeepSeek Unveils AI Model To Challenge Anthropic, OpenAI | The Pulse 4/24 (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests:
Wei Li, BlackRock, Global Chief Investment Strategist; Clemens Fuest, Ifo Institute, President; Clément Therme, International Institute for Iranian Studies, Non-Resident Fellow; Francesca Ghiretti, RAND, Europe China Initiative Director. (Source: Bloomberg)...
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24.04.26 - 13:30
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Why China′s optical communications sector is the latest AI boom beneficiary (SCMP)
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Amid the artificial intelligence boom, the world has been laser-focused on technologies like graphics processing units and memory chips. However, a quieter miracle has been unfolding in the mainland stock market.
Optical modules, which allow ultra-fast communications in data centres, have minted a new class of industrial upstarts.
In the past year, shares in Shenzhen-listed Zhongji Innolight, the world's largest optical module producer, jumped tenfold. Smaller peers Eoptolink Technology and......
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24.04.26 - 13:30
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China′s Pop Mart eyes expansion at home and abroad for its Pop Land theme park (SCMP)
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Chinese toymaker Pop Mart said it plans to develop more of its Pop Land theme parks on the mainland and overseas, and is in talks with several cities to expand beyond its sole existing venue in Beijing.
Jeffrey Hu, head of Pop Land and vice-president of Pop Mart, said on Friday that the company had established solid park operations capabilities, and planned to replicate this model whenever suitable opportunities emerged.
“We also plan to develop an integrated resort blending theme park......
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24.04.26 - 13:24
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China′s DeepSeek Debuts Flagship AI Model As Compute Race Intensifies (ZeroHedge)
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China's DeepSeek Debuts Flagship AI Model As Compute Race Intensifies
Chinese AI startup DeepSeek has launched a preview version of its long-awaited V4 model, ending months of silence from one of China's most closely watched AI labs and arriving a year after its R1 release sparked U.S. market turmoil and concerns across Silicon Valley AI firms.
The rollout signals that DeepSeek is full steam ahead in the frontier-model race:
DeepSeek-V4 Preview is officially live & open-sourced! Welcome to the era of cost-effective 1M context length.
DeepSeek-V4-Pro: 1.6T total / 49B active params. Performance rivaling the world's top closed-source models.
DeepSeek-V4-Flash: 284B total / 13B active params. Your fast, efficient, and economical choice.
? DeepSeek-V4 Preview is officially live & open-sourced! Welcome to the era of cost-effective 1M context length.
? DeepSeek-V4-Pro: 1.6T total / 49B active params. Performance rivaling the world's top closed-source models.
? DeepSeek-V4-Flash:...
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24.04.26 - 13:06
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China plans to invest billions on a robot army to run its power grid (SCMP)
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China's industrial giants are rapidly scaling up the use of AI-powered robots to operate vital infrastructure, with the country's main grid operator unveiling a blockbuster plan to deploy thousands of bots to handle a range of roles – from inspecting remote substations to performing maintenance on ultra-high-voltage power lines.
The State Grid Corporation of China has earmarked 6.8 billion yuan (US$1 billion) for the procurement of embodied intelligence – or artificial intelligence-enabled......
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24.04.26 - 13:00
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China opens government bond futures to select foreign investors in reform push (SCMP)
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China will allow qualified overseas investors to trade government bond futures contracts, as policymakers step up the opening up of the nation's capital markets to boost foreign participation.
Foreign traders, approved under the qualified foreign institutional investor (QFII) programme by the financial regulators, could buy and sell government-bond futures starting on Friday, the China Securities Regulatory Commission (CSRC) said in a statement on its website. The trading could only be carried......
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24.04.26 - 12:31
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′It′s a tightrope′: why Europe faces a China dilemma over its wind power drive (SCMP)
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The wind industry smells opportunity in Europe. At an expo in Madrid this week, the convention floor was abuzz as hundreds of European, American, Japanese and Korean exhibitors vied to pitch their products, knowing the continent urgently needs to shore up its energy security amid the US-Israel war on Iran.
But there was one glaring absence: not a single company operating a booth was Chinese, with China's participants only networking from the sidelines. At a time when many in Europe seek a rapid......
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24.04.26 - 12:06
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Investors rotate to China′s chipmakers as DeepSeek intensifies AI competition (SCMP)
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Chinese chipmakers rallied on Friday while artificial intelligence application firms retreated, as investors rotated into semiconductor stocks on expectations of stronger demand for computing power following a new model release by start-up DeepSeek.
Shares of Semiconductor Manufacturing International Corp rose 10 per cent by the close in Hong Kong, while Hua Hong Semiconductor surged 15 per cent, extending a broader rally among mainland chipmakers.
In contrast, several AI application developers......
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