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The Latest Breaking News from Caixin Global

Tech Brief (April 21): ByteDance’s Profit Plunges 70% on Aggressive AI Spending

Chinese GPU maker Sunrise raises over 1 billion yuan, Moonshot AI launches new model with improved coding and agent capabilities

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Business Brief (April 21): China Expresses Concern Over U.S. Interception of Iranian Ship

ByteDance’s net profit drops over 70% due to AI investments; Shanghai encourages internet platforms to pursue mergers and acquisitions

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Business Brief (April 20): DeepSeek Reportedly Seeks Funding

AI boom lifts fiber prices, HKEX eyes faster settlement

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The Week Ahead (April 20-26): U.S. Tariff Refund System Launches, Beijing Auto Show Opens

Fed chair nominee confirmation hearing draws scrutiny, Hannover Messe highlights global industrial trends

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Tech Brief (April 17): China’s Daily AI Token Calls Top 140 Trillion

Alibaba releases multimodal world model Happy Oyster, Robotics firm TARS raises $455 million

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Business Brief (April 17): AI Model Prices Rise on Compute Crunch

Moutai posts first annual revenue and earnings declines in decades, CATL market cap tops 2 trillion yuan

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Business Brief (April 16): U.S. to Refund $166 Billion in Tariffs to Importers

Canton Fair opens with more pre-registered overseas buyers, Ministry of Finance to issue sovereign bonds in Hong Kong

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Tech Brief (April 16): Alibaba Unveils No-Code AI Tool to Build Apps in Minutes

Douyin invests 500 million yuan in live-action short dramas, CATL’s first-quarter revenue jumps 52%

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Business Brief (April 15): China Warns of Countermeasures as U.S. Tariff Threat Looms

Yuan hits multi-year high, IMF cuts global growth outlook

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Business Brief (April 14): CATL Said to Weigh $5 Billion Hong Kong Share Sale

Beijing addresses Iran-linked reports; OPEC trims oil demand forecast

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Tech Brief (Apr. 14): CATL Nears 2 Trillion Yuan Valuation

DeeSeek V4 expected in late April, ShengShu Technology completes 2 billion yuan funding round

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Business Brief (April 13): U.S. to Blockade Iranian Ports

Courier firms raise fuel surcharges amid surging oil prices, while Saudi Arabia reports damage to key energy facilities

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The Week Ahead (April 13-19): IMF, World Bank Spring Meetings Begin

Washington hosts global finance leaders while Hong Kong, Hainan and Guangzhou spotlight trade, tech and markets in a pivotal week

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Tech Brief (April 10): Manycore Tech Launches Hong Kong IPO

China enforces new pricing rules for internet platforms, Douyin hands over 50 employees to police in anti-graft sweep

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Tech Brief (April 9): China Cracks Down on Improper AI-Altered Videos

Chinese animated film ‘Ne Zha 2’ becomes the world’s fourth highest-grossing movie, Alibaba forms AI technical committee

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Business Brief (April 9): Trump Threatens Tariffs Over Arms to Iran

TikTok to invest 1 billion euros to build second Finland data center

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Energy Insider: Former Sinochem Executive Charged With Bribery and Abuse of Power

Chinese chemical stocks surge after missile attack on Saudi industrial hub; China halves domestic fuel price hikes amid surging global oil markets

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Business Brief (April 8): Trump Agrees to Two-Week Ceasefire With Iran

Battery giant CATL taps mining veteran, Foxconn trials foldable iPhone

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Caixin Global

Tech Brief (April 8): China Issues New Rules on Supply Chain Security

China’s 2025 advertising revenue tops 2 trillion yuan, Spirit AI raises 1 billion yuan

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Business Brief (April 7): China’s Qingming Holiday Travel Rises 6%

Trade-in policies gain traction as subsidy oversight tightens, food delivery platforms face strict compliance deadline

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Tech Brief (Apr. 7): Space Pioneer’s Tianlong-3 Rocket Fails on Maiden Flight

China issues guidelines to boost e-commerce development, Qingming Festival box office revenue drops 19%

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The Week Ahead (Apr. 6-12): China Implements New Short-Swing Trading Regulations

Vietnam’s National Assembly convenes to elect state leaders, new rules on internet platform pricing behavior take effect

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Business Brief (April 3): Iran Drafts Strait of Hormuz Agreement With Oman

China plans to tighten e-cigarette controls, global energy risks mount

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Tech Brief (April 3): U.S. Launches Patent Investigation Into Hisense

Alibaba releases new large language model Qwen 3.6-Plus, ByteDance powers AI growth with OpenClaw partnership

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Business Brief (April 2): China Pushes Green Power

TikTok expands fintech ambitions, ByteDance ramps up AI hiring

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