AsianFin -- Edge AI will boost global GDP by 0.3–0.8 percentage points annually, which is not just a technological advancement, but a critical step in transitioning towards an intelligent society, said Jany Hejuan Zhao, the founder and CEO of TMTPost Group.   Zhao made the remarks in a forum named “AI Computing Power Development” hosted by the World Internet Conference on Tuesday. The forum, with a theme of "Building an Integrated, Inclusive, and Green AI Computing Power Ecosystem," was part of the Mobile World Congress 2025 held in Barcelona, Spain from Monday through Thursday. The forum featured speeches from prominent figures, including Zhao Houlin, former Secretary-General of the International Telecommunica

TMTPOST -- ByteDance Ltd., was valued more than $310 billion in its latest buyback, representing a double-digit increase from a year ago, according to reports earlier this week. Credit：Freepik ByteDance is offering to buy back shares at $189.90 a share from its U.S.-based employees, and the share price could value TikTok parent at around $315 billion, Reuters cited sources. The new share price marks an increase of 4.9% from the price of $181 apiece in the company's share repurchase program six months ago,  and an 11% rise from the share price of $171 it provided a year ago. Then Bloomberg learned from people familiar with the deal that ByteDance plans to launch buyback at a valuation of about $312 billion. The Bloomberg report echoed Reuters that the share price ByteDance is offering

TMTPOST -- The Trump administration is raising hopes of concession right after it started implementation of the first round of additional tariffs on U.S. major trading partners. Credit：China Central Television U.S. President Donald Trump decided to grant a one-month exemption from tariffs to automobiles imported from Canada and Mexico, according to White House press secretary Karoline Leavitt. The White House spokesperson on Wednesday confirmed the decision was made after Trump talked with the “Big 3” three Detroit automakers, Ford, General Motors and Stellantis in a call under their request.   “Reciprocal tariffs will still go into effect on April 2, but at the request of the companies associated with USMCA, the president is giving them an exemption for one month so they are not

TMTPOST -- Chinese stocks traded in the United States extended their rally on Wednesday after China showed its aim to maintain a steady economic growth this year with more fiscal stimulus to weather the new round of trade war. Credit：Xinhua News Agency The Nasdaq Golden Dragon China Index, which tracks 65 China-exposed U.S.-listed companies, finished 6.4% higher at 8,073.43, the highest in the past five months. The index marked its best day since December, outperforming the U.S. benchmark S&P 500 with a rally of 1.12% on Wednesday. The American depositary receipts (ADRs) of Alibaba Group, the most valuable Chinese firm listed in U.S., surged 8.6%, and two domestic peers --Temu parent PDD Holdings Inc. and JD.com jumped 6% and 6.9%, respectively. China’s leading video platform Bilibili

TMTPOST -- U.S. Commerce Secretary Howard Lutnick suggested on Tuesday President Donald Trump may lower tariffs on Canada and Mexcico after the first round of tariffs immediately draw U.S. major trading partners’ retaliation.  Credit：Xinhua News Agency Trump may roll back the 25% tariffs on Canada and Mexico as soon as Wednesday, Lutnick told Larry Kudlow, the host of Fox Business News’ “Kudlow”. “Both the Canadians and Mexicans were on the phone with me all day today trying to show that they’ll do better” on reducing fentanyl flows into the U.S., Lutnick said. “So I think [Trump] is ging t work something out with them. ” Lutnick said the Trump administration would not pause implementation of extra tariffs anymore, but the United States probably reaches compromise with

CFP AsianFin -- The competition between the U.S. and China in artificial intelligence (AI) is taking a fascinating turn. What was once seen as a rivalry between two tech superpowers has increasingly become a contest between Chinese talent working in the U.S. and those in China.   When Elon Musk’s xAI announced its Grok-3 model, two of the key scientists standing at the center of the spotlight were of Chinese descent. One was Wu Yuhuai, who hails from Jiande, Zhejiang Province, while the other, Jimmy Ba, remains somewhat of a mystery but is also of Chinese origin. In fact, out of xAI’s 12 founding members, five are of Chinese descent, including Greg Yang, a Harvard-educated mathematician from Hunan province, Guodong Zhang, a alumnus of(Zhejiang University and t

On-site photo AsianFin – China’s internet administration official has called for strengthened collaborative innovation, optimized strategic planning, increased investment in network infrastructure, expanded application scenarios, and the adoption of green technologies to build an efficient, secure, inclusive, and low-carbon AI computing power ecosystem.   Yang Jianwen, Deputy Director of the Cyberspace Administration of China, made the comments in a forum named “AI Computing Power Development” hosted by the World Internet Conference International Organization on Tuesday. The forum, with a theme of "Building an Integrated, Inclusive, and Green AI Computing Power Ecosystem," was part of the Mobile World Congress 2025 held in Ba

TMTPost --  U.S.-listed Chinese shares outperformed American stock market after China immediately launched retaliatory measures against Washington’s extra tariffs on Tuesday. Credit：Xinhua News Agency The Nasdaq Golden Dragon China Index, which tracks 65 China-exposed U.S.-listed companies, closed around 2% higher on Tuesday, snapping a three-day lossing streak. The U.S. benchmark S&P 500 index shed 1.2% and wiped out all the gains during the four-month post presidential election. The American depositary receipts (ADRs) of Baidu, China’s top search engine operator, rose 3.4%. ADRs of China’s leading video platform Bilibili popped 5.8%. Shares of Fangdd Network Group Ltd., operator of a leading online real estate marketplace in China, climbed 4.9%. Shares of JD.com and its peers PD

TMTPOST -- In 1997, Zhang Hongchao arrived in Zhengzhou, the capital of central China's Henan province, with 3,000 yuan given by his grandmother and opened his first small "Cold Wave Shaved Ice" shop. Little did he know that this street stall brand, later renamed "Mixue Bingcheng," would become a darling of the capital market 28 years later. On March 3, Mixue Group was listed on the Hong Kong Stock Exchange. By 9:35 am, Mixue's stock price had risen over 30% from its issue price, with a market value exceeding HK$99 billion, approximately twice the combined market value of Nayuki, Gu Ming, and Cha Baidao, which are also listed on the Hong Kong Stock Exchange. Previously, these three companies closed below their issue prices on their first day of trading. While brands like Heytea are co

Megvii Technology Co-founder and Qianli Technology Chairman Yin Qi Asianfin -- Yin Qi, the CEO of Qianli Technology, has recently announced the launch of a new "AI + Intelligent Driving" brand, Qianli Haohan, with Geely Automobile Group. This initiative marks the introduction of the industry’s first mass-producible L3-level intelligent driving solution, which will be featured across Geely’s entire range of vehicles with various price ranges. AI technology is currently transitioning from Level 2 "Reasoners" to Level 3 "Agents," with 2025 being widely recognized as the year of Agent application explosion, according to OpenAI's five-level AGI development framework. This trend is expected to first revolutionize automotive applications, transforming vehicles from mere "modes of t

TMTPOST -- Xpeng Inc. accelerated delivery and continued to outpace Chinese electric vehicle (EV) peers that have released their deliveries recently. Credit：Xpeng Xpeng said it delivered 30,453 EVs in February, representing a 570% year-over-year (YoY) increase compared with a 268% rise a month earlier. The Guangzhou-based company has shipped more than  30,000-unit for four months in a row, and its deliveries for the first two months of this year surged 375% YoY to 60,803 vehicles. The delivery for February edged up merely 0.3%, or 103 units, from the previous month, though was still 17%, or 6,242 units, less than the latest record volume recorded in December, its fourth straight monthly record. Xpeng’s deliveries further benefited from strong sales of two new models. The company said

TMTPOST -- Nvidia Corporation shares dived as much 10.1% and then settled around 8.7% lower at $114.06 on Monday. Shares erased all their gains in more than five months, as the leading artificial intelligence (AI) chip maker is facing increasing scrutiny over U.S. export controls on semiconductor  and other high-tech targeting China. Credit：Pixabay Chinese buyers have obtained access to Nvidia’s latest generation Blackwell-architecture chips through third parties in regions nearby China, The Wall Street Journal reported on Sunday. It was reported some traders even promised Chinese buyers delivery of these Nvidia’s latest AI chips within six weeks. The report quoted  Chinese resellers that they used entities registered outside of China to purchase Nvidia servers from companies in

TMTPOST --  China is reported to developing “weapons” including new tariffs in retaliation for the Trump administration’s upcoming extra levies. Credit：Xinhua News Agency China is currently working on retaliatory measures, ranging from tariffs to non-tariffs, in response to an extra 10% tariffs that U.S. President Donald Trump threatened to impose in the name of anti-fentanyl, Chinese state-backed newspaper Global Times reported on Monday, citing an anonymous “reliable person” . It was reported that tariffs on U.S. agricultural and food products will most likely be included in the countermeasures. China will resolutely hit back with forceful measures if the United States insists on unilateral new tariffs, the aforementioned source said. Trump last Thursday vowed to implement

Zhipu AI AsianFin — Zhipu AI, one of China's "Six Little Tigers of Large Models" with a valuation of 20 billion yuan, has completed a strategic funding transaction exceeding 1 billion yuan (US$ 138 million). Investors in the transaction include Hangzhou Urban Investment Industrial Fund and Shangcheng Capital, marking the first time Hangzhou's state-owned capital has invested in a major AI model company.   The funding aims to accelerate technological innovation and ecosystem development for Zhipu's  GLM (General Language Model) foundation model. Zhipu has established Zhejiang Zhipu Xinpian Technology Co., Ltd. in Hangzhou, leveraging cutting-edge AI and large model technologies to better serve the thriving real economy in Zhejiang provi

TMTPOST -- Xiaomi Corporation is well on track to meet its annual sales target for SU7 Ultra in just three day of the ordering of its hypercar variant of electric vehicle (EV). Credit：Xiaomi Xiaomi secured more than 10,000 units of SU7 Ultra locked-in orders, suggesting it has met its annual target earlier, Xiaomi’s auto business said in a post on Chinese social media platform Weibo on Sunday. Locked-in orders refer to those where buyers have opted for non-refundable deposits that they will be losing if they don’t end up buying the car. There are three types of customers that have placed orders of SU7 Ultra: the first is racing fans , the second is entrepreneurs on the internet industry and insiders of financial industry, trade industry and other professionals and the third is those who wa

TMTPOST -- U.S. Commerce Secretary Howard Lutnick indicated on Sunday the new tariffs on Canada and Mexico  set to be implemented on Tuesday may be lower than the 25% figure U.S. President Donald Trump was planning. Credit：Xinhua News Agency In his interview with Fox News on Sunday, Lutnick acknowledged the Trump administration would impose additional tariffs on Canada and Mexico on March 4, but noting Trump will determine the exact tariff rates and the situation is “fluid”. “There are going to be tariffs on Tuesday on Mexico and Canada,” Lutnick said.” “Exactly what they are, we’re going to leave that for the president and his team to negotiate.” He added that both Canada and Mexico have done a reasonable job on securing their borders with the United States, though the flow of fentan

TMTPOST --  The Trump administration is pressuring two neighbour countries to align with new U.S. tariffs on China. Credit：Xinhua News Agency  In his interview with Bloomberg on Friday, U.S. Treasury Secretary Scott Bessent urged Canada to follow suit after Mexico proposed matching U.S. tariffs on China, and describing such proposal a “very interesting” one. “I think it would be a nice gesture if the Canadians did it also, so in a way we could have ‘Fortress North America’ from the flood of Chinese imports,” then he said. The Mexican and Canadian governments didn’t comment on Bessent’s remarks on the possible tariffs by these countries. Bloomberg has cited a source that the tariffs that Mexico proposed would focus on cars and auto parts. It was reported Mexican officials wan

TMTPOST -- The development of humanoid robots in China is being driven by a synergy between the hardware supply chain in southern China and the software solutions in northern China, creating a competitive edge in the global market.   The Yangtze River Delta and Shenzhen regions boast the most comprehensive industrial chains for robotics hardware. Guo Tao, CTO of Peitian Robotics, told AsianFin that the two regions provide mature supply chain support, from the production of basic structural components to specialized parts like cable connectors. For humanoid robots, which require highly customized components, the ability of suppliers to respond quickly to manufacturers' needs is critical.   "Even seemingly minor issues, like cable routing, become significant challeng