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Kai-Fu Lee, former Google Greater China President, renowned venture capitalist, and founder of 01.AI, stated that the gap between China and the U.S. in artificial intelligence (AI) development has narrowed to just three months in certain areas, as companies like DeepSeek identify more efficient ways to utilize chips and algorith...
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KUAISHOU-W (01024.HK) announced its results for the fourth quarter ended December 2024. Non-IFRS adjusted net profit rose 7.8% YoY to RMB4.701 billion, slightly exceeding the comprehensive forecasts of 4 brokers summarized by our reporters ranging from RMB4.536 billion to RMB4.677 billion. Profit for the quarter amounted to RMB3...
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CHINA TELECOM(00728.HK) announced its annual results for the year ended December 2024, with turnover of RMB529.417 billion, up 3.1% YoY. Net profit amounted to RMB33.012 billion, up 8.4% YoY, with an EPS of RMB0.36. A final DPS of RMB0.0927 was declared, compared to RMB0.09 in the same period last year. Together with the interim...
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In February 2025, a total of 1.282 million Chinese-branded passenger cars were sold, down 12.1% MoM and up 62% YoY, accounting for 70.6% of total passenger car sales volume, with its sales volume share increasing by 11.2 ppts YoY, according to the statistical analysis of the China Association of Automobile Manufacturers (CAAM).~...
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Chinese media sources cited MEITUAN-W (03690.HK) as revealing that the company, as one of the first batch of pilot enterprises, has already invested RMB1.4 billion to pay the new occupational injury insurance premiums for more than 6 million riders across the pilot provinces and cities.Recently, MEITUAN-W has also disclosed that...
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