China eyes $40 billion fund to build up domestic chip production lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) -- Investors betting on an extension of Baidu Inc.’s market-beating rally may be due for a reality check as concerns about the sluggish Chinese economy and setbacks from a key segment of its business deepen. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundCitigroup
(Bloomberg) -- China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors warn the celebration may be premature.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares
(Bloomberg) -- A gauge of China tech shares traded in Hong Kong extended gains from a May low to 20% on expectations of further stimulus for the nation’s flagging economy.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell Freezes at Start of News Conference, R
(Bloomberg) -- There are growing signs the tide is turning for Chinese technology shares after a years-long crackdown that wiped out as much as three quarters of their market value.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy FundsPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightTurkey Agrees to Back Sweden’s NATO Bid
Global stocks mostly rise as market digests China inflation data philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.