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News on Medial
China signals renewed tech sector support, but concerns linger
Economic Times
·
5m ago
Medial
China's recent conciliatory gestures towards its tech sector, exemplified by President Xi Jinping's meeting with Jack Ma, signal potential regulatory relief, leading to a surge in tech stocks. This shift aims to address economic challenges, spur technological independence, and integrate private enterprises with national security goals. Despite favorable regulatory signals since 2023, experts warn these moves may not translate into sustained private-sector growth, with Beijing prioritizing alignment with its strategic objectives over fostering unrestrained corporate expansion.
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Nvidia CEO's China charm offensive underscores rock star status in key market - The Economic Times
Economic Times
·
18d ago
Medial
Nvidia CEO Jensen Huang visited China, strengthening his popularity amid U.S.-China trade tensions. During his visit, he praised Chinese tech advancements while delicately balancing U.S. concerns. Huang attended the China Supply Chain Expo, emphasizing Nvidia's commitment to the market despite geopolitical complexities. His visit, marked by public engagements and press meetings, signals Nvidia's strategic navigation between competing in China's tech market and adhering to U.S. policies, highlighting the company's global ambitions and challenges.
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Nicknames bloom in China's tech renaissance
Economic Times
·
5m ago
Medial
In China, local tech companies are gaining momentum against U.S. giants, the Magnificent Seven, owing to rising stock values and supportive government signals. Names like "Six Little Dragons," "Seven Sisters," and "Terrific Ten" highlight China's dynamic tech scene as firms like Alibaba, Tencent, and BYD gain traction. The Hang Seng Tech index notably rose by nearly 70%, compared to Nasdaq's 27% increase, indicating China's burgeoning tech sector strength and investor interest.
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China moves to boost foreign investment in domestic tech companies
Economic Times
·
1y ago
Medial
China has announced new measures to encourage overseas investment in its technology sector. The government plans to support overseas institutions in issuing yuan bonds in China and encourage tech companies, including foreign-invested ones, to raise funds through bond issuance. Additionally, China will facilitate foreign investment in domestic technology firms through an inbound investment scheme. These measures aim to attract foreign investors amid concerns of a potential shift away from the Chinese market.
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How ‘China toys’ are changing the rules of AI game
Economic Times
·
5m ago
Medial
China is rapidly advancing in the AI sector, releasing new models like Kimi AI and OmniHuman-1, which outperform global counterparts. Despite U.S. chip supply bans, China ranks second in AI model production, with key contributions from tech giants like Alibaba and Tencent. This surge mirrors China’s smartphone industry disruption, but geopolitical issues may limit their global impact. India, among other nations, is cautious due to security concerns, but holds potential to develop its own AI models.
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Aadhaar amendment for private sector does not violate SC order: Ashwini Vaishnaw
Economic Times
·
6m ago
Medial
The Aadhaar amendment permits private sector access to UIDAI's authentication platform, sparking debate over Supreme Court privacy concerns. IT Minister Ashwini Vaishnaw claims it doesn't violate the court's judgement and addresses previous legal loopholes. Critics argue it mirrors the unconstitutional Section 57, raising surveillance fears. The 2025 amendment extends voluntary Aadhaar authentication to sectors like e-commerce. Despite security assurances, concerns linger about potential misuse and lack of clarity in implementing the new rules.
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M&A, buyout activity in healthcare to remain strong, capex may recover: El Toro Finserve
VCCircle
·
6m ago
Medial
India's healthcare sector is poised for robust M&A, private equity buyouts, and IPOs in 2025, despite global economic and geopolitical challenges. A report by El Toro Finserve highlights renewed optimism due to government support, emerging investment trends, and increased healthcare budget. Key trends include adopting AI technologies, expanding hospital capacities, and developing global partnerships in med-tech. However, domestic pharmaceutical growth faces pressure from US market dynamics. Overall, the sector anticipates strong performance driven by strategic expansions and technological advancements.
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Apple is having a rough 2024, and it's been just a few days
Business Insider
·
1y ago
Medial
Apple's stock has received two downgrades in just a week, raising concerns about iPhone sales in China, one of its largest markets. Barclays and Piper Sandler analysts have both downgraded the stock, with Barclays citing "lackluster" iPhone 15 sales in China and a lack of growth in other product categories. Piper Sandler expressed concerns about handset inventories and a deteriorating macro environment in China. Additionally, Apple is facing a legal battle with medical device maker Masimo over patent disputes. The broader tech sector has also had a rocky start to the year, with the "Magnificent Seven" tech stocks collectively losing $316 billion in market value.
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Returning LP signs larger cheque for CDH VGC's new Chinese venture growth fund
VCCircle
·
1y ago
Medial
CDH Investments, a China-focused alternative assets management firm, has garnered a larger commitment from a returning limited partner for its new Chinese venture growth fund. The LP has increased the cheque size from its previous investment in CDH VGC Fund III, which focuses on growing technology companies in China. This development signals growing confidence and support in CDH Investments' investment strategies and fund performance.
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US Investors Including Thrive Capital Visit China Amid DeepSeek’s Advances and $500 Billion US AI Investment | DeepNewz China
Business Bytes
·
2m ago
Medial
A group of U.S. venture capital firms, including Thrive Capital and Capital Group, have recently visited China to explore its artificial intelligence (AI) industry. This move reflects renewed interest as they aim to understand China's advancements in the AI sector. Ray Wang mentioned that these firms are studying the scene, highlighting the growing fascination among international investors in China's technological progress in AI.
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Following the Bitcoin surge, Coinbase's app is showing users a zero balance
TechCrunch
·
1y ago
Medial
Some customers of Coinbase, the popular crypto trading app, are reporting a zero balance in their accounts, likely due to increased demand for Bitcoin, which recently reached $60,000. Coinbase reassured users that their assets are safe and the issue is being investigated. The surge in Bitcoin's price has prompted a renewed interest in apps like Coinbase, but the influx of demand may have contributed to the current problem. Coinbase's tech support initially provided standard troubleshooting steps but later acknowledged the issue and is working to resolve it quickly.
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