Alibaba's logistics subsidiary, Cainiao Network Technology, has begun working with banks on preparations for its Hong Kong IPO, according to anonymous sources. The company is targeting a listing by the end of 2021 and has not yet decided on the IPO size. Cainiao is currently valued at over $20 billion. China International Capital Corp and Citigroup are reportedly among the banks involved in the preparations. Alibaba announced earlier this week that it would split into six units and consider fundraisings or IPOs for most of them.

Alibaba's logistics unit gears up for Hong Kong IPO - Bloomberg News

Alibaba will divide itself into six parts including Chinese marketplace, e-commerce, cloud, local services, logistics and entertainment to materialize the value of the group and reduce its hold. Investors welcomed the move, as competition increases in all businesses of the company. Entities will independently increase their value with a separate CEO and board of directors, aiming for a listing. Alibaba will reduce investments in other international companies, continue share buyback, and choose whether or not to retain stakes in the new companies resulting from the split.

Alibaba: Divide and conquer?

Apple is reported to raise the price of its iPhone 15 Pro and iPhone 15 Pro Max, but the larger model is said to exclusively arrive with a periscope zoom camera, hence justifying the company’s decision somewhat. However, as Apple looks to increase its margins by bringing in more exclusive features for its ‘Pro’ models, […] The post iPhone 15 Pro Max To See A Price Hike This Year, But Its Periscope Camera Lens Supplier Will Reportedly Not Make A Profit by Omar Sohail appeared first on Wccftech.

iPhone 15 Pro Max To See A Price Hike This Year, But Its Periscope Camera Lens Supplier Will Reportedly Not Make A Profit

"Tesla China will soon push a major update to Autopilot," a well-known car blogger wrote on Weibo. The post Tesla rumored to be pushing major Autopilot update in China soon appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla rumored to be pushing major Autopilot update in China soon

March 26 (Reuters) - First Citizens BancShares Inc (FCNCA.O) was in advanced talks to acquire Silicon Valley Bank (SIVB.O) and was close to making a deal, a Bloomberg News reporter tweeted on Sunday.

First Citizens said to near deal for Silicon Valley Bank -Bloomberg News

March 25 (Reuters) - Sheikh Jassim bin Hamad Al Thani has submitted a new bid to buy Manchester United which is believed to be worth around 5 billion pounds ($6.12 billion), Sky News reported on Saturday.

‍Soccer-Qatar's Al Thani submits new $6 bln bid for Manchester United - Sky News​

我们和互联网的交互模式可能会就此颠覆。

联网之后的 ChatGPT，已经远不止 “iPhone 时刻” 那么简单

March 23 (Reuters) - Arm Ltd, owned by Japan’s SoftBank Group Corp (9984.T) , is seeking to raise prices for its chip designs, as it aims to boost revenue ahead of an initial public offering in New York, the Financial Times reported on Thursday.

Softbank-owned Arm seeks to raise prices ahead of U.S. IPO - FT

Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.

Tencent's online ad revenue grows for the first time in more than a year

Advanced Micro Devices stock (NASDAQ: AMD) has gained about 50% year-to-date, considerably outperforming the broader S&P 500.

Why AMD Stock Appears Overvalued

NIO's management previously said they expect lithium carbonate prices to fall back to RMB 200,000 per ton this year, boosting gross margins back up. The post Lithium prices see biggest drop this year in China as decline accelerates appeared first on CnEVPost. For more articles, please visit CnEVPost.

Lithium prices see biggest drop this year in China as decline accelerates

Six imported units of the new Tesla Model S and Model X arrived at Yangshan Port in Shanghai on February 28. The post New batch of 867 new Tesla Model S and Model X imported to China appeared first on CnEVPost. For more articles, please visit CnEVPost.

New batch of 867 new Tesla Model S and Model X imported to China

March 15 (Reuters) -

* BERKSHIRE HATHAWAY BUYS ABOUT 7.9 MILLION ADDITIONAL OCCIDENTAL PETROLEUM SHARES - SEC FILING Source text: [https://bit.ly/3Lvt7JV] Further company coverage: (BRKa.N)

Berkshire Hathaway Buys About 7.9 Mln Additional Occidental Petroleum Shares - SEC Filing

SHANGHAI, March 15 (Reuters) - China’s central bank ramped up liquidity injections when rolling over maturing medium-term policy loans for a fourth month in a row on Wednesday, while keeping the interest rate unchanged, matching market expectations.

China central bank ramps up fund injection via medium-term policy loans, rate unchanged

March 14 (Reuters) - The failures of Silicon Valley Bank and Signature Bank has led the U.S. Federal Reserve to reconsider a number of its own rules related to midsize banks, the Wall Street Journal reported on Tuesday.
The Fed may potentially extend restrictions that currently only apply to the biggest Wall Street firms, the report said, adding firms with between $100 billion to $250 billion in assets could be targeted.

U.S. Fed to consider tougher rules for midsize banks after SVB, Signature failures -WSJ

Japan's Nikkei drops as SVB collapse crushes bank stocks; autos slump

TOKYO, March 13 (Reuters) - Japan’s financial companies are unlikely to see a big impact from the collapse of Silicon Valley Bank in the United States, the chief government spokesman said on Monday.
Japan’s financial institutions are supported by sufficient liquidity and capital bases overall, Chief Cabinet Secretary Hirokazu Matsuno told reporters.

Japan financial system unlikely to see big impact from SVB collapse - gov't spokesman

HONG KONG, March 13 (Reuters) - Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Valley Bank, the failed U.S. lender which has roiled investors and markets globally.

Over a dozen Chinese-based firms say they have minimal exposure to SVB

March 11 (Reuters) -

* BANK OF LONDON WEIGHS RESCUE BID FOR UK ARM OF SILICON VALLEY BANK - SKY NEWS Source text : https://bit.ly/3T6vzbu Further company coverage:

Bank Of London Weighs Rescue Bid For UK Arm Of Silicon Valley Bank - Sky News

Silicon Valley Bank's demise began with downgrade threat -sources

At his last press conference U.S. Federal Reserve Chair Jerome Powell said confidently a “disinflationary process” had begun, showing a “gratifying” corner had been turned even as he pledged the central bank’s fight against rising prices was not over.
But inflation data since his Feb

Fed's Powell, in Hill appearance, to update views on status of 'disinflation'

US Global Investors Inc (GROW.O) :
* U.S. GLOBAL INVESTORS CONTINUES SHARE REPURCHASES IN FEBRUARY AND PROVIDES UPDATE ON FINANCIAL STATEMENTS

U.S. Global Investors Continues Share Repurchases In February

Hong Kong Exchanges and Clearing (0388.HK)  said on Friday the expansion of eligible shares under its Stock Connect programme, which enables shares listed in the country to be included in Southbound trading, would take effect from March 13.
Stock Connect is a mutual market access programme through which investors in mainland China and Hong Kong can trade and settle shares listed on the other market through the stock exchanges and clearing houses in their home market

Hong Kong bourse's expansion of Stock Connect to begin from March 13

Elon Musk has clashed often with securities regulators and highway safety authorities, but there’s one area the Tesla and Twitter chief says the government should regulate now: Artificial Intelligence.
“AI stresses me out,” Musk said near the end of a more than three-hour presentation to Tesla investors about company plans

Musk: 'AI stresses me out'

On February 28, 6 units of the new Tesla Model S and Model X entered Chinese customs, according to local media. The post Tesla's new Model S and Model X being imported into China as deliveries near appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla's new Model S and Model X being imported into China as deliveries near

China’s manufacturing activity expanded more than expected in February and marked the fastest pace since April 2012, official data showed on Wednesday, as consumer sentiment gathered momentum on easing of the country’s COVID-19 restrictions.
The official manufacturing purchasing managers’ index (PMI) stood at 52.6 against 50

China Feb manufacturing activity expands fastest since April 2012 - official PMI

General Motors Co  (GM.N)  is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday.
The global reductions are in the “low hundreds,” the person said

GM cutting hundreds of jobs to reduce costs

* CEREBRAL SAYS REDUCING THE SIZE OF OUR WORKFORCE BY ABOUT 15 PERCENT

Cerebral Says Reducing The Size Of Our Workforce By About 15 Percent

英伟达再度站上风口

* TENCENT IN TALKS TO SELL META&#39;S QUEST 2 VR HEADSET IN CHINA - WSJ Source text: [https://on.wsj.com/3XHejug] Further company coverage: (0700.HK)
((Reuters.Briefs@thomsonreuters.com;))

Tencent In Talks To Sell Meta's Quest 2 VR Headset In China - WSJ

Chinese fintech giant Ant Group (688688.SS) said on Tuesday it has entered a strategic partnership with the NBA league in China that will see the two cooperate in areas such as video content, program broadcasting and membership. Ant made the announcement on its official WeChat account.

NBA, Ant Group launch strategic partnership in China

Telecom gear maker Ericsson  (ERICb.ST)  plans to cut around 1,400 jobs in Sweden as part of a broader plan that could also result in thousands of job losses in other countries, particularly in the Americas, two sources familiar with the matter said.
Ericsson did not immediately respond to requests for comment.

Ericsson to cut 1,400 jobs in Sweden, sources say

Tesla Inc  (TSLA.O) :

APPROXIMATELY 4% OF EMPLOYEES ON AUTOPILOT LABELING TEAM IN BUFFALO WERE EXITED AS A RESULT OF THIS PERFORMANCE REVIEW CYCLE
THE IMPACTED EMPLOYEES WERE IDENTIFIED ON FEBRUARY 3, 2023, WHICH WAS WELL BEFORE THE UNION CAMPAIGN WAS ANNOUNCED
TESLA - CONDUCTS PERFORMANCE REVIEW CYCLES EVERY 6 MONTHS; TAKES PLACE GLOBALLY, INCLUDING IN NORTH AMERICA, EUROPE, CHINA;NOT LOCALIZED TO BUFFALO.  Source text: <a href="https://bit

Tesla Says It Fired 4% Of Employees In NY Before Union Campaign "Was Announced" - Blog

Tesla  (TSLA.O)  raised prices of performance and long-range versions of its Model Y crossovers in China on Friday, according to its Chinese website.
The starting prices of the two versions of Model Y in China increased by 2,000 yuan each to 311,900 yuan ($45,473) and 361,900 yuan, respectively, information on the website showed.
($1 = 6.8590 Chinese yuan)

Tesla raises prices of some Model Y versions in China - website

Hedge funds betting against stocks in the technology sector rushed to unwind those trades in the first half of February as markets rallied, data from Goldman Sachs  (GS.N)  and JPMorgan &amp; Chase prime brokerage units showed on Thursday.
“The short covering in U.S. tech stocks from Jan 31st to Feb 15th is the second largest in magnitude over any 12-day period in the past decade,” Goldman Sachs wrote in a note reviewed by Reuters

Hedge funds' short-covering of tech bets is 2nd biggest in a decade - banks

The Hong Kong government has priced its inaugural HK$800 million  ($102 million) digital green note, in what it claims to be the first tokenised sovereign green bond globally.
The notes, which have a 365-day tenor, will pay a semi-annual coupon at 4.05%, in line with indicative rate first marketed to investors on Monday, according to a term sheet seen by Reuters

Hong Kong government prices inaugural $102 mln tokenised green note

Tesla will halt some production at its Shanghai plant until the end of February in order to begin rolling out a revamped version of the Model 3 in the Chinese market, according to Bloomberg. The post Tesla to halt production at Shanghai plant for more upgrades to produce new Model 3, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla to halt production at Shanghai plant for more upgrades to produce new Model 3, report says

Tesla chief executive Elon Musk donated shares worth $1.95 billion in the world’s most valuable automaker to charity last year, a filing with the U.S. Securities and Exchange Commission (SEC) showed on Tuesday.
Musk donated about 11.6 million shares between August and December last year, according to the filing, which did not say which organization or organizations were the recipients.
The world’s second-richest person now owns around 13% of Tesla

Musk donated around $1.95 billion in Tesla shares last year

* FITCH RTGS: CHINESE BATTERY SEPARATOR SUPPLIERS TO RETAIN DOMINANCE ON HIGH BARRIERS
* FITCH-CHINESE BATTERY SEPARATOR PRODUCERS ARE LIKELY TO BENEFIT FROM ROBUST GROWTH IN GLOBAL DEMAND FOR EVS AND ENERGY STORAGE BATTERIES

Fitch Says Chinese Battery Separator Suppliers To Retain Dominance On High Barriers

SOROS FUND MANAGEMENT LLC

SOROS FUND MANAGEMENT RAISES SHARE STAKE IN WALT DISNEY CO BY 53.2% TO 189,609 SHARES - SEC FILING
SOROS FUND MANAGEMENT CUTS SHARE STAKE IN RIVIAN AUTOMOTIVE INC BY 12.3% TO 14

Soros Fund Management LLC Raises Share Stake In Walt Disney, Cuts In Rivian Automotive

DBS Group  (DBSM.SI)  reported a 68% rise in quarterly profit on Monday as rising interest rates boosted its net interest margins, but Southeast Asia’s largest bank by assets said that interest rate increases would moderate in 2023.
DBS, the first Singapore bank to report this season, said October-December net profit rose to S$2.34 billion ($1.76 billion) compared with an average estimate of S$2.16 billion from three analysts, according to Refinitiv data, and S$1

Singapore bank DBS Q4 profit jumps 68%

Advanced Micro Devices Inc  (AMD.O)  has captured nearly a third of the market for central processor units while British chip technology firm Arm Ltd’s rise in the PC market slowed in the fourth quarter of 2022, according to an analyst report.
AMD has grabbed share away from Intel Corp  (INTC.O) , which still remains the largest player in the market for what are known as x86 processors, which work with popular operating systems like Microsoft Corp’s  (MSFT.O)  Windows

AMD wins nearly a third of processor market, Arm's climb slows, analyst report

*
Visitors will no longer need to buy COVID travel insurance
*
Travellers not fully vaccinated won’t need to show test results
*
Masks will not have to be worn on public transport
*
Relaxed rules to come in from next week
*
By Chen Lin
SINGAPORE, Feb 9 (Reuters) - Singapore will drop a requirement for travellers who are not fully vaccinated to show COVID test results or purchase coronavirus travel insurance from Feb 13, t

Singapore relaxes COVID travel curbs, mask rules further

* TESLA’S FORMER HEAD OF AI, ANDREJ KARPATHY SAYS HE IS JOINING OPENAI- TWEET Source text: https://bit.ly/3RK9wGV
((reuters.briefs@thomsonreuters.com;))

Tesla's Former Head Of AI, Andrej Karpathy Says He Is Joining OpenAI - Tweet

这是目前 AI 犯下的最昂贵的错误。

Bard 首次亮相就大翻车，端掉了谷歌 1000 亿美元市值

Some Twitter users were unable to tweet on Wednesday, prematurely encountering a message that said “You are over the daily limit for sending Tweets.”
Twitter was down for about 9,000 users in the United States at 5 p.m. Eastern time, according to outage tracking website Downdetector.com. The number of outages declined to 2,500 by 6 p.m. Eastern.
“Twitter may not be working as expected for some of you. Sorry for the trouble

Twitter outage leaves some users unable to tweet

Boeing Co  (BA.N)  expects to slash about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the planemaker confirmed to Seattle Times newspaper on Monday.
Last month, the Virginia-based company announced it would hire 10,000 workers in 2023, but some support positions would be cut

Boeing to slash about 2,000 white-collar jobs in finance and HR - Seattle Times

Tesla Inc  (TSLA.O)  raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits.
Tesla increased the price of the Model Y Long Range to $54,990, and the Model Y Performance to $57,990, an increase of $1,000 each, according to current and previous prices posted on its website

Tesla raises Model Y prices by $1,000 after U.S. relaxes tax credit terms

Xpeng Inc (9868.HK) :
* CHINA&#39;S EV MAKER XPENG: LAUNCHES G9 SUV AND P7 SPORTS SEDAN IN EUROPE
* XPENG: MODELS AVAILABLE FOR ORDER IN DENMARK, NORWAY, NETHERLANDS AND SWEDEN
Source text
Further company coverage: (9868.HK)
(Reporting by Hong Kong Newsroom; Editing by Christian Schmollinger)
((Ethan.Wang@thomsonreuters.com;))

Xpeng Launches G9 SUV And P7 Sports Sedan In Europe

DAVIDsTEA Inc (DTEA.O) :
* DAVIDSTEA INC - TEMPORARY LAY-OFF OF 15% OF HEAD-OFFICE STAFF AND CUTTING OTHER EXPENSES BY $6.0 MILLION TO $8.0 MILLION
* DAVIDSTEA INC - SALES FOR Q4 ESTIMATED BETWEEN $29.0 MILLION AND $31.0 MILLION
* DAVIDSTEA INC - FULL-YEAR FISCAL 2022 REVENUES ARE ESTIMATED BETWEEN $80.0 MILLION AND $82.0 MILLION