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China poaches more AI talent from the U.S. as it eyes the next 'super-app'Nio shares jump 10% after releasing first flagship EV in more than two yearsChina industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds

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China poaches more AI talent from the U.S. as it eyes the next 'super-app'
Business Breaking
Finance•Today at 07:50

China poaches more AI talent from the U.S. as it eyes the next 'super-app'

Tencent's Chief AI Scientist Yao Shunyu (R) discusses the tech outlook with Tencent BEIJING — A former OpenAI researcher is now chief AI scientist for Tencent in China, and wants to build artificial general intelligence. "I don't think ChatGPT or Claude will be the only super-app," Yao said, saying untapped potential is in the "trillions of dollars."

Nio shares jump 10% after releasing first flagship EV in more than two years
Business
Finance•May 28

Nio shares jump 10% after releasing first flagship EV in more than two years

Chinese electric car company Nio announced May 27, 2026, that former NBA player Yao Ming (R) would be a representative for the brand as it launches the ES9 SUV, a car that CEO William Li Bin (L) touted as the largest SUV in China. 45% in Hong Kong trading on Thursday after the company officially launched its ES9 SUV a day earlier. But before deliveries started in the first quarter of 2025, consumer electronics company Xiaomi had launched its first electric car — at 215,900 yuan.

China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds
Business•Finance•May 27

China industrial profits jump 24.7% in April, fastest gain in over two years despite headwinds

7% in April from a year earlier, according to official data released Wednesday, despite broader signs of slowing economic momentum. A fivefold increase in profits in the mining and related sectors also boosted overall industrial profit growth, while iron smelting and rolling swung to a profit for the year as of April, compared with a loss in the first quarter.

3 min
Huawei plans new smartphone chips this fall as rivalry with Nvidia and Apple heats up
Business•Finance•May 25

Huawei plans new smartphone chips this fall as rivalry with Nvidia and Apple heats up

Huawei's Mate 60 smartphone, launched in 2023, included 5G connectivity powered by an advanced chip that helped the company regain market share from Apple. "For Nvidia, this means the window to sell advanced chips such as the H200 into China is narrowing," said George Chen, partner and co-chair of digital practice at The Asia Group. Huawei said it has designed and mass-produced 381 chips based on the "τ Scaling Law" over the last six years.

4 min
White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts
Business•Finance•May 18

White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts

soybeans and address American access to rare earths, the White House said Sunday, touting some of the most tangible outcomes so far from a high-profile bilateral summit last week. said China agreed to buy at least 25 million metric tons of American soybeans in each of the following three years.

3 min
Xi asks Trump if U.S. and China can avoid 'Thucydides Trap' at high-stakes summit
Business•Finance•May 14

Xi asks Trump if U.S. and China can avoid 'Thucydides Trap' at high-stakes summit

President Donald Trump (R) is greeted by Chinese President Xi Jinping at the Great Hall of the People on May 14, 2026 in Beijing, China. Trump is expected to visit the Temple of Heaven, a historic landmark, in the afternoon, and attend a state banquet in the evening. China was the first major economy to retaliate against Trump's "Liberation Day" tariffs in April 2025.

4 min
Five things to watch in Asia as Trump prepares to meet China's Xi this week
Business•Finance•May 12

Five things to watch in Asia as Trump prepares to meet China's Xi this week

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersBEIJING — The U.S. and China are.

5 min
How much further does this Teflon market have to go? Here's what traders say
Business•Finance•May 8

How much further does this Teflon market have to go? Here's what traders say

Traders work on the floor of the New York Stock Exchange during morning trading on May 4, 2026 in New York City. and Iran do finalize a peace agreement — even though stocks have rallied so much since the ceasefire announcement. Stock Chart IconStock chart icon Boockvar added that Iran remains a risk, despite the indexes not showing it.

3 min

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