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11/11（三）
Amid Nvidia saga, T-Head IPO crucial for Alibaba – and Chin…
Alibaba Group Holding’s planned Hong Kong listing of its semiconductor design arm, T-Head, is poised to reshape China’s artificial intelligence hardware arena while unlocking billions of dollars in trapped valuation for the tech titan, according to analysts. The proposed spin-off serves as a test of whether the sum of Alibaba’s parts is worth significantly more than its current market valuation. Alibaba’s Hong Kong-listed shares slipped about 1 per cent to HK$100.60 on Wednesday, the day...
Chinese shopper sparks buzz after buying flat for US$1.7 in…
China’s Double 11 discount frenzy reached surreal heights when a shopper from the east of the country snapped up a flat in the northeast for just 11 yuan (US$1.7). Pioneered by Chinese e-commerce platform Taobao in 2009 as China’s equivalent of Black Friday, the month-long shopping spree ran through mid-November after generating more than 1.6 trillion yuan (US$240 billion) in online gross merchandise value last year. The flat is a two-bedroom, 68-square-metre unit on the seventh floor in...
A fare fight? What Hong Kong’s ride-hailing shake-up means…
With eight companies vying for licences to provide ride-hailing services in Hong Kong under the new regulatory regime, industry observers expect a price war that will initially benefit passengers through lower fares. But some warned that competition could eventually force weaker operators out of the market, leaving dominant players free to raise prices. “The ride-hailing firms will fight to reduce fares in the beginning to grab their loyal customers,” said Chau Kwok-keung, chairman of the Hong...
#Hong Kong transport#Hong Kong#United States#Singapore#China#Michael Tien Puk-sun
南華早報11/10（二）
Alibaba chip unit T-Head files for Hong Kong IPO amid China…
Alibaba Group Holding’s chip design unit T-Head has filed for an initial public offering (IPO) on a confidential basis in Hong Kong, the company said in a stock-exchange filing on Tuesday evening, setting up a high-profile listing in the city amid rising competition between the US and China as the latter continues its push for tech self-sufficiency. The size and structure of the listing were not finalised. A wholly owned subsidiary of Alibaba, T-Head provides full-stack data centre chips,...
#IPO#Hong Kong stock market#Hong Kong stock exchange#China#Hong Kong#Baidu
China biotech giant WuXi AppTec’s shares jump after Pentago…
WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong...
#Hong Kong stock market#Biomedicine: Companies#Biomedicine: Geopolitics#Biomedicine: Policy#Biomedicine: Industry Trends#China
China’s Singles’ Day turns 18: bye coupon math, hello AI to…
For Sunny He, a 32-year-old Shanghai resident, this year’s Singles’ Day shopping season culminated in a single, high-value purchase: a 12,000-yuan (US$1,797) iPhone 18 Pro Max, sweetened by a 300-yuan voucher on Alibaba Group Holding’s Tmall marketplace. “For me, Double 11 definitely isn’t as lively as before because I have less spare cash than in previous years,” He said. “Even so, I’ll take advantage of this chance for products that I couldn’t bear to buy at full price, like a new...
#Alibaba#Singles' Day (11.11)#JD.com#Artificial intelligence (AI)#Shenzhen#China
