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Top News In Hk 1928 Today - Breaking & Trending Today

China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others - sources

Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 billion, people familiar with the matter said. ....

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Canadian pension fund CDPQ puts brakes on China investment - FT

Canada's second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) has stopped making private deals in China and will close its Shanghai office later this year, the Financial Times reported on Thursday, citing people familiar with the matter. ....

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Asia stocks slump to monthly loss as China data disappoints

Asia's stockmarkets slid toward a second month of losses in a row on Wednesday, and even the glittering Nikkei paused, as weak Chinese factory activity fed growing doubts about the post-pandemic recovery in the world's second biggest economy. ....

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Exclusive: Credit Suisse axes China bank plan to avoid regulatory conflict under UBS

Credit Suisse has scrapped plans to set up a locally incorporated bank in China to sidestep a potential regulatory conflict arising from its merger with UBS , said two sources with direct knowledge of the matter. ....

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