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BUSINESS3d agoSeeking cash for AI, China’s Z.ai eyes new US$5b fundraising push after July share saleZ.ai, the Chinese artificial intelligence model developer listed in Hong Kong, is seeking to raise about HK$15.7 billion (US$2 billion) through a placement of roughly 21.97 million new H shares at HK$714 apiece, according to a company filing on Sunday. The company also announced a 20.14 billion yuan (US$3 billion) convertible-bond sale, according to its filing with the Hong Kong stock exchange. Z.ai, also known as Zhipu AI, closed at HK$793 on Friday, down 73 per cent from its intraday high of...South China Morning Post
BUSINESS3d agoChina , Russia , India seek economic cooperation at BRICS - Asia & PacificChina, Russia, and India are seeking economic cooperation at a BRICS-Asia & Pacific event. This indicates efforts to strengthen economic ties among these nations and regional influence.thejakartapost.com · Indonesia
BUSINESS3d agoNigeria, China deepen tourism cooperation to attract Chinese touristsNTDA Director-General, Ola Awakan, during the meeting, called for a structured China-Nigeria Tourism Market Development Programme. The post Nigeria, China deepen tourism cooperation to attract Chinese tourists appeared first on Premium Times Nigeria.Premium Times
BUSINESS3d agoBRICS Billionaire Club : Who richest in India , China , Russia , Brazil ? Net worth of Mukesh Ambani , Zhang Yiming , othersThis article explores the wealthiest individuals within BRICS nations, detailing their net worths. It provides insights into the economic power and personal fortunes within these emerging economies.livemint.com · India
BUSINESS4d agoOil's roundtrip back to $100. Why China could determine what happens nextThe U.S. crude oil price on Thursday topped $102 per barrel for its highest close since May.CNBC
BUSINESS4d agoUS-China decoupling could benefit other countries, China trade war game suggestsChinese researchers have modelled a war game scenario suggesting that a complete economic decoupling between the US and China could, unexpectedly, yield dividends for most other nations. Using a quantitative trade model – a data-based economic framework that estimates how changes in trade affect economies – two researchers based in southern China’s Guangdong province found that if the world’s two largest economies were to sever trade relations entirely, a number of other countries, including...South China Morning Post
BUSINESS4d agoGM plans U.S. battery development as Trump's DOT attacks Ford for China tiesMost battery cells currently rely on raw materials from China. GM is seeking to establish domestic supply chains both for EVs and energy storage.CNBC
BUSINESS4d agoUSA opens its market to external meats, while China does the oppositeThe Asian giant aims to feed its increasingly large and powerful domestic market with proteins from alternative or plant-based meats.Clarín
BUSINESS4d agoChina Southern Airlines to resume Guangzhou-Delhi flights after 6 yearsWith the resumption, the airline will operate more than 100 weekly flights across eight round-trip routes in South AsiaThe Hindu
BUSINESS4d agoChina Southern Airlines to resume Guangzhou - Delhi flights after 6 yearsChina Southern Airlines is resuming flights between Guangzhou and Delhi after a six-year hiatus. This indicates a restoration of air travel connections between the two regions.newindianexpress.com · India
BUSINESS4d agoTaobao’s ‘ugly’ goods find a growing market among China’s young consumersProducts widely considered “ugly” or “bizarre” have gone viral online in China as millions of young consumers embrace the items’ quirky humour and distinctive character. Cumulative sales of such products on Taobao – an e-commerce platform of Alibaba Group Holding – have surpassed 230 million yuan (US$34.3 million) since 2020, when Taobao launched its so-called Uglies Award to celebrate creatively unusual goods, the platform said recently without specifying exactly what constitutes an “ugly”...South China Morning Post
BUSINESS4d agoBrazil and China must turn decarbonization into a strategy, says former ambassadorLuiz Augusto de Castro Neves proposes focusing on transforming ecological advantages into quality jobs, innovation, and competitiveness. He highlighted the strong complementarity of both countries in a green agenda.Clarín
BUSINESS4d agoIndia , China energy needs will shape future of global oil demand , says Hardeep PuriA statement suggests that the energy demands of India and China are expected to significantly influence the future of global oil consumption. This highlights the growing economic power of these nations and their impact on global markets.taiwansun.com · China
BUSINESS5d agoNigeria-China Aquatic Products Protocol: A new frontier for economic transformationMore than an agreement concerning the export of fish and other aquatic products, the Protocol creates an important platform for expanding trade, attracting investment... The post Nigeria-China Aquatic Products Protocol: A new frontier for economic transformation appeared first on Premium Times Nigeria.Premium Times
BUSINESS5d agoChina economy faces new challenges : too much production , too little demandThe Chinese economy is confronting new difficulties, specifically an imbalance of excessive production and insufficient demand. This indicates significant economic pressures within a major global economy.azernews.az · Azerbaijan
BUSINESS5d agoServices opening - up unlocks more China opportunitiesThe opening-up of services is creating additional opportunities in China. This indicates a positive development for businesses looking to enter the Chinese market.zimbabwestar.com · Zimbabwe
BUSINESS5d agoIndia , China energy needs will shape future of global oil demand , says Hardeep PuriHardeep Puri states that the energy demands of India and China will be a defining factor for global oil demand in the future. This highlights the significant influence of these nations on the international energy market.news.webindia123.com · India
BUSINESS5d agoBeijing can rewrite China’s property rules, but it can’t undo the damageFinancial markets are notoriously prone to mistaking a fundamental institutional shift for a temporary liquidity crisis. The futurist Roy Amara is often credited with the observation that people tend to overestimate the short-term effect of a transformation while underestimating its long-term impact. China’s real-estate sector is furnishing a textbook case of an analogous dynamic. On August 28, Chinese housing authorities and financial regulators announced a package to overhaul the commercial...South China Morning Post
BUSINESS5d agoAzerbaijan’s state oil fund helps launch China-ASEAN investment councilSOFAZ is the only founder from outside East and Southeast Asia, reflecting Azerbaijan’s position on the trade corridor between Asia and Europe.EuroNews [en]
BUSINESS5d agoPresident of AmCham China : US firms bullish on China for innovationThe President of AmCham China states that US companies are optimistic about China's potential for innovation. This reflects a positive sentiment regarding business opportunities and technological advancement.sxdaily.com.cn · China
BUSINESS5d agoChina’s young investors embrace risk. So why are their portfolios so safe?Young Chinese investors may be just as willing to take risks as their global peers, but their portfolios remain more conservative against a backdrop of years of relative underperformance in China’s stock market, a prolonged property downturn and deflation, according to a senior researcher at the CFA Institute Research and Policy Centre. The disconnect between their willingness to take risks and their actual investment choices illustrated what the institute called an “aspiration-implementation...South China Morning Post
BUSINESS5d agoXinhua Commentary : Services opening - up unlocks more China opportunitiesA commentary suggests that the opening up of services will create additional opportunities in China. This indicates a focus on economic policy aimed at fostering growth.zimbabwestar.com · Zimbabwe
BUSINESS5d agoKazakh firms eyeing Hong Kong, mainland China markets urged to take long-term viewKazakhstan’s businesses should prioritise long-term fundraising ambitions rather than quick wins in the Hong Kong and mainland Chinese markets, the managing director of the Central Asian country’s sovereign wealth fund has said. Saltanat Satzhan, managing director for development and privatisation at sovereign wealth fund Samruk-Kazyna, said she also aimed to list state-owned rail operator Kazakhstan Temir Zholy (KTZ) in Hong Kong by the end of the year. KTZ, wholly owned by the government...South China Morning Post
BUSINESS6d agoChina Nearly Enters the World Bank’s High-Income Group“In July every year, the World Bank sorts countries into income groups based on their per capita gross national income (GNI) in the previous year. In this year’s update, China was very close to entering the high-income group: its GNI per person was $14,230; just short of the World Bank’s high-income threshold of $14,375. The […] The post China Nearly Reaches High-Income Status appeared first on Human Progress.Human Progress