Chinese tech and EV stocks surged as AI startup DeepSeek unveiled upgraded V3.1 model to run on domestic chips, boosting Beijing's drive for AI independence.
President Donald Trump's executive order ending duty-free de-minimis exemptions for imports is already triggering fallout overseas, with Korea Post announcing that it will be halting all air parcels bound to the U.S. starting August 25.
Alibaba and Ant Group have launched a unified strategy to challenge Meituan in China's instant commerce market, including improved welfare for delivery workers.
SoftBank shares tumbled over 7% after its $2 billion Intel investment as Asian tech stocks, including TSMC and SK Hynix, fell in a Nvidia-led global sell-off amid fresh CHIPS Act oversight concerns.
Pony AI is gaining support from global investors as it expands its robotaxi fleet and moves towards profitability. ARK Invest and other major investors have recently backed the company.
The financial markets are currently grappling with a significant debate surrounding stock valuations, particularly as the meteoric rise of Artificial Intelligence (AI) and growth stocks fuels concerns reminiscent of the infamous Dotcom Bubble. While a select group of large-cap technology companies has driven much of the market's recent gains, a
Container shipping activity between China and the United States is sliding again, with traffic hitting its weakest levels in two years, according to the latest reports.
