Country Garden Proposes 10-Year Repayment Plan to Restructure 13.9 Billion Yuan Bonds

TMTPOST -- Chinese property developer Country Garden Holdings is seeking to restructure nine publicly traded bonds worth 13.9 billion yuan (USD2 billion), proposing to extend repayments over a decade through 2035, according to a media report.

AI Startup AIP GROUP Secures Multi-Million Dollar Angel Investment

Price Slashed by 2 Billion: Shimao "Offloads" Hong Kong's Second Largest Hotel

25% off.

TMTPost -- Netherlands-listed

TMTPost -- Netherlands-listed shares of ASML Holding NV crashed as much as 16% and settled more than 15.6% lower to 668.10 euros on Tuesday, the lowest since January 17. Shares logged their biggest daily fall since June 1998 after the world’s leading lithography machine manufacturer reported weaker-than-expected bookings and guidance, along with the downward sales outlook in its major market China. The plummet of ASML, Europe’s most valued tech firm, pushed tech stocks of the pan-European STOXX 600 index plunged 6.5% in the sector’s biggest one-day drop since October 2020.

Chinese Commerce Minister and EU Trade Official Agree to Intensify Efforts to Reach Solution to EV Tariff Disputes

China's commerce ministry cautioned Beijing will resolutely take necessary measures to protect the legitimate rights and interests of its enterprises, if the EU insists on implementing unreasonable tariffs.

China’s AI Chip Ecosystem Needs Improvement, Says Member of Chinese Academy of Engineering

He explained that the computing power required by large models spans four main stages: model development, model training, model fine-tuning, and model inference. Consequently, computing power is essential throughout the lifecycle of a large model.

Nearly 80,000 Chinese AI-related Firms Disappear Since ChatGPT Launch

Despite the initial surge in AI startups fueled by the technology boom, many companies have struggled with financial viability, facing the dual challenges of high cash burn rates and a cooling investment climate.

Vision Pro

Vision ProPro

iPhone shipments surged 52% YoY and grew much stronger than a bounceback of 12% YoY increase in March after a 37% plunge in the first two months of the year

Chinese electric vehicle (EV) manufacturer Nio Inc. i

Chinese electric vehicle (EV) manufacturer Nio Inc. i