MF3d/E+ via Getty Images The U.S. government’s ban on the export of high-quality chips used for artificial intelligence applications to China is limiting sector growth in the PRC, according to a report by The Information. Chinese tech firms are placing restrictions on the number of users with access to generativeContinue Reading
Boarding1Now/iStock Editorial via Getty Images Boeing (NYSE:BA) is going to resume deliveries of widebody jets to China, whose aviation regulators had halted them in recent weeks for review, Reuters reported, citing a person familiar with the matter. Deliveries of the 737 Max narrowbody jet are set to restart as earlyContinue Reading
CASI Pharmaceuticals (NASDAQ:CASI) surged in extended trading on Wednesday after the company said it has received a preliminary proposal from CEO Wei-Wu-He to acquire its entire business operations in China. Shares of the China-based biotech were up nearly 80% at $6.41 in trading after the bell. According to the proposal,Continue Reading
400tmax/iStock Unreleased via Getty Images Amazon (NASDAQ:AMZN), in an apparent effort to compete on a more even playing field with sites like Temu (NASDAQ:PDD) and Shein, plans to create a shopping section that links buyers directly to cheaper items in Chinese warehouses, according to a report by The Information. TheContinue Reading
Khaosai Wongnatthakan OpenAI’s sudden move to restrict access to its services in China has set the stage for a battle between domestic AI players, from Alibaba (NYSE:BABA) to Baidu (NASDAQ:BIDU), to grab more of the space in the AI arena, Bloomberg News reported. Microsoft (MSFT)-backed OpenAI sent memos this weekContinue Reading
Carolina Rudah Novo Nordisk (NVO) is up 2.1% in premarket trade after the company’s Wegovy weight loss treatment was approved in the world’s second-largest economy. It’s a big market for blockbuster drug. More than half of Chinese people age 18 and older are obese or overweight, according to China’s NationalContinue Reading
