TMTPOST -- The American depositary receipts (ADRs) of JD.com fell as much as 7.1% at morning trading and finished around 6.6% lower Thursday. Shares closed at their lowest since September 25, wiping out all the gains following China’s economic stimulus measures unveiled late September despite JD’s earnings beat announced earlier Thursday. AI Generated Image JD posted mixed results for the quarter ended September 30. The bottom line topped Wall Street expectation though slowed from the previous quarter. On non-GAAP basis, the ajusted diluted net income per American depositary share (ADS) grew 29.5% year-over-year (YoY) to RMB8.68, or US$1.20, much better than analysts’ estimate of RMB7.57 polled by FactSet. Net income surged 47.8% YoY to RMB11.7 billion, also beating anlaysts’ pro

TMTPOST -- Artificial intelligence (AI) contributes more than one tenth of Tencent Holdings Ltd.’s cloud computing revenue, the management told analysts on an earnings conference Wednesday. TThey said their AI contribution still fell behind U.S. heavyweights mainly because of different national conditions. However, Tencent felt upbeat on AI deployment across its product lines. Credit：Tencent For Tencent, the most significant tangible benefits of AI right now is around content recommendation and advertising targeting, because the AI engine in those two use cases are generating a significant amount of additional user time, President Martin Lau said. He noted at the same time, AI is generating a higher incremental targeting rate and response rate for Tencent’s apps, and both of them are direc

TMTPOST --  Japanese tech behemoth SoftBank Group Corp. Became the first to adopt Nvidia Corporation’s most advanced artificial intelligence (AI) chips to build supercomputer, highlighting Japan’s efforts to catch up with AI trends. Credit：Nvidia Nvidia announced Wednesday a series of partnerships with SoftBank designed to accelerate Japan’s sovereign AI initiatives and further its global technology leadership while also unlocking billions of dollars in AI revenue opportunities for telecommunications providers worldwide. In his keynote at Nvidia AI Summit Japan, Nvidia founder and CEO Jensen Huang said that SoftBank is building Japan’s most powerful AI supercomputer using the Nvidia Blackwell platform and has plans to use the Nvidia Grace Blackwell platform for its next supercomputer.

TMTPOST -- Thanks to strength of online gaming business, Tencent Holdings Ltd. maintained strong momentum of top line during the quarter ended September 30 despite China’s economic slowdown. The Chinese social media and entertainment giant even easily beat estimates of the bottom line that quarter. Credit：Tencent Tencent said its revenue rose 8% year-over-year (YoY) to RMB167.2 billion (US$23.14 billion) for the third quarter, roughly in line with Wall Street expectation. The top line remained firm for the second quarter. On an IFRS basis, the profit attributable to equity holders of the company, or net income, surged 47% YoY to RMB53.2 billion, exceeding the average projection by about 17%, according to Bloomberg data. Diluted earnings per share (EPS) were RMB5.64 with a 50.4% YoY increas

TMTPOST -- Snap Inc. shares finished around 5.9% lower Tuesday, paring all gains  this month to a low since October 29. Shares of Snap, which benefits from a potential TikTok ban that would mitigate competition in the social media sector, dropped after President-elect Donald Trump was said to seek blocking the U.S. ban. Credit：Xinhua News Agency Trump is considering steps to halt a looming U.S. ban on TikTok, a move he promised to support during his campaign, The Washington Post reported. Trump reportedly views TikTok as an asset, especially after amassing over 14 million followers on the short video platform. Trump intends to avoid alienating 180 million U.S. users, the report cited Kellyanne Conway, a longtime Trump ally who described TikTok’s presence as central to Trump’s appeal,

TMTPOST -- Stocks of Chinese companies listed at home and abroad tumbled Tuesday as President-elect Donald Trump were said to name foreign policy haws for key roles in his cabinet, increasing the probabilities of higher tariffs on Chinese imports. Credit：Xinhua News Agency The mainland China's SSE Composite Index closed 1.4% lower and the ChiNext index, which tracks stocks traded on the Nasdaq-style subsidiary of the Shenzhen Stock Exchange, edged down less than 0.1% on Friday. The blue chip CSI 300 index of onshore stocks finished 1.1% lower and Hong Kong’s benchmark Hang Seng Index down around 2.84%. The Nasdaq Golden Dragon China Index, which tracks 65 China-exposed U.S.-listed companies, settled nearly 4.5% lower to its lowest since September 25, wiping out its

TMTPOST -- China slaps anti-dumping measures on brandy imports from the European Union, highlighting tit-for-tat move originating from the bloc’s extra tariffs on Chinese electric vehicles (EVs) following its anti-subsidy investigation. Credit：Xinhua News Agency China will impose temporary anti-dumping measures on certain brandy imports originating from the EU, effective November 15, or Friday, the Ministry of Commerce  (MOFCOM) announced Monday. The anti-dumping measures will be implemented in the form of a cash deposit or letter of guarantee, according to the ministry. The product subject to the temporary anti-dumping measures refers to spirits obtained by distilling grape wine in containers holding less than 200 liters, which are mainly used as consumer goods. The MOFCOM

TMTPOST --  Influential U.S. lawmakers are pressing leading semiconductor suppliers based in and outside the country to provide details on sales to China, highlighting their increasing concerns about losing the high-tech race to the world’s second largest economy. Credit：Xinhua News Agency The growing prevalence of American, Japanese, and Dutch semiconductor manufacturing equipment in the China could give the country’s military an advantage in building advanced chips all while building up the country’s domestic chip capacity, wrote by Chairman John Moolenaar, a Republican, and Ranking Member Raja Krishnamoorthi, a Democrat, of a House committees focusing on the Sino-U.S. competition, according to a press released at the committee's website on Friday. These Representativ

TMTPOST --  Stocks of Chinese companies and China’s yuan dipped against the greenback as the latest  massive fiscal stimulus package Beijing unveiled Friday failed to impress investors. Credit：Xinhua News Agency The mainland China's SSE Composite Index fininshed 0.5% lower and the ChiNext index, which tracks stocks traded on the Nasdaq-style subsidiary of the Shenzhen Stock Exchange, fell 1.2% on Friday. The blue chip CSI 300 index of onshore stocks closed 1% lower and Hong Kong’s benchmark Hang Seng Index down nearly 1.1%. The Nasdaq Golden Dragon China Index, which tracks 65 China-exposed U.S.-listed companies, settled more than 4.7% lower the same day, underperforming the stock market as the benchmark S&P 500 edged up almost 0.4% to its fifth record close this year. The Am

TMTPOST -- Qualcomm Incorporated accelerated sales and profit for its just-completed fiscal quarter, maintaining the double-digit growth amid the sales rebound in China, the world’s largest smartphone market. Credit：Qualcomm Qualcomm booked revenue of RMB10.24 billion for the fourth quarter of the fiscal 2024 year ended September 29,  represented a 19% year-over-year (YoY) rise on non-GAAP basis. Analysts expected revenue to be $9.91 billion after a 11% YoY increase three months ago. On non-GAAP basis, adjusted earnings per share (EPS) jumped 33% YoY to $2.69, beating Wall Street estimates of $2.57. And earnings before taxes (EBT) stood at $3.49 billion with a 33% YoY increase, up from a 25% increase for the previous quarter. Both of Qualcomm’s two segments exceeded estimates. Revenue

TMTPOST --  Shares of Arm Holdings Ltd. finished around 4.1% higher Thursday, paring loss of as much as 3.6% at morning trading. Shares shrugged off mixed financial results the U.K. chip designer posted, especially disappointing revenue guidance that investors anticipated that could deliver more stellar growth fueled by growing artificial intelligence (AI) demand. Credit：Arm Arm delivered stronger-than-expected top and bottom line for the second quarter of the fiscal 2025 year ended September 30, though its revenue guidance fell short of Wall Street expectation. Its revenue rose 5% year-over-year (YoY) to $844 million for the September quarter, topping analyts’ projection of $810.9 million. On non-GAAP basis, the quarterly adjusted earnings of $0.30 per share (EPS) also better th

TMTPOST --  The world’s leading short video app and platform operated by ByteDance Ltd. is facing more operation challenges in the West. Credit：TikTok The Canadian government has ordered to shut down TikTok Technology Canada, Inc. following a national security review under the Investment Canada Act, according to a statement of the Ministry of Innovation, Science and Industry on Wednesday. The order aims to address the specific national security risks related to ByteDance’s operations in Canada through the establishment of the aforementioned TikTok Canada unit, the ministry said. It added the decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners. “The gov