Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. Ma made the comments at an event in the city on Monday in response to remarks made by Hong Kong Chief Executive Carrie […]
Read moreChinese ride-hailing giant Didi Chuxing will launch a bike-sharing service via its app, jumping into a highly-saturated market, the company announced Tuesday. Didi will integrate rival bike-sharing companies into its app, including Ofo, one of the largest in China. But the company, which bought out Uber’s business in China in 2016, said it would also […]
Read moreNorth Korea and South Korea appear to embracing talks aimed at reducing tensions between the two neighbors and nemeses, just days after North Korea’s leader threatened that he has a “nuclear button” ready on his desk. Rare talks to improve inter-Korean relations appeared to be going well Tuesday, with North Korea saying that it will […]
Read moreIntel went big on autonomous driving on Monday, showcasing its first self-driving test car and announcing a number of tie-ups with automakers to take the technology forward. The company introduced the first autonomous car in its 100-vehicle test fleet during CEO Brian Krzanich’s keynote address at the industry expo CES in Las Vegas. The car […]
Read moreVivien Wang, founder and chief executive of Chinese kindergarten company Etonkids Educational Group, spoke with CNBC on Tuesday about tech in the classroom. In fact, each classroom in the company’s kindergartens features an interactive white board that allows teachers to access resources on the internet, she said. “In every single classroom at our bilingual international […]
Read moreEuropean markets are set to open mixed on Tuesday morning, as investors monitor a fresh batch of economic data. The FTSE 100 is expected to start 12 points higher at 7,704; while the German DAX is seen down by 17 points at 13,351 and the CAC 40 is set to open 4 points lower at […]
Read moreThe cryptocurrency market will strengthen after bitcoin alternatives that lack substance have failed, a former chief executive and co-founder of Ethereum said. “My personal opinion is that we’re going to see a consolidation after a crash,” Charles Hoskinson told CNBC in an interview Friday. Hoskinson now runs blockchain research firm IOHK, but was previously in […]
Read moreA tanker carrying Iranian oil that collided with a Chinese freight ship in the East China Sea was still on fire on Tuesday morning, the Chinese government said, as dozens of rescue boats struggled to control the blaze for a third day. Poor conditions, with heavy winds, rain and high waves, continue to hamper efforts […]
Read moreDespite fears about China’s financial stability, UBS is positive on Chinese financials this year, its head of China strategy explained Tuesday. “There’s less worry about financial stability in China because a lot of other sectors are doing well,” Gao Ting told CNBC on the sidelines of the UBS Greater China Conference. Sectors dealing with over-capacity […]
Read moreForeign companies offering driverless technology may not do so well in China, the world’s largest electric vehicle market. “If foreign companies want to install autonomous driving systems in domestic cars, it might raise national security issues,” said Harry Hu, chief operating officer and acting chief financial officer at Pony.ai, a start-up focused on artificial intelligence […]
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