TechWire

JD.com in talks to buy German e-commerce firm Ceconomy for €2.2 billion

MH Markets attends Waton Financial's NASDAQ bell-ringing ceremony, officially announces IPO schedule

WTF rings Nasdaq bell, preparing to provide brokerage services to AIs

2025.09.03

09:22

                            At the opening of Hong Kong stocks, the Hang Seng Index rose 0.64%, and the S&P 500 Index rose 0.99%. Li Auto and NIO rose more than 3%.
                        
09:21

                            Hong Kong stocks opened: Hang Seng Index opened 0.64% higher, Hang Seng Tech Index opened 0.99% higher
                        
                            At the Hong Kong stock market opening, the Hang Seng Index opened 0.64% higher, and the Hang Seng Tech Index rose 0.99%. NIO-SW opened 3.13% higher, reporting second-quarter revenue of approximately 19.009 billion yuan, a 9% year-on-year increase. Yunfeng Financial opened 3% higher, with the board of directors approving the purchase of ETH as a reserve asset. The company has already purchased 10,000 ETH on the open market, with a total investment of US$44 million.
                        
09:18

                            Fujitsu, 1Finity, and Arcus signed a strategic partnership agreement to provide innovative network solutions for AI infrastructure.
                        
09:15

                            AI agency Sierra is nearing a $350 million deal.
                        
08:37

                            CITIC Construction Investment: The profitability of the communications sector has improved, and the proportion of institutional holdings has reached a new high.
                        
                            A research report by CICC Securities predicts that in the second quarter of 2025, the communications sector's revenue and net profit growth rates will increase compared to the same period last year, with gross and net profit margins reaching new highs since 2022. The AI computing power sector also performed strongly. Publicly offered funds and northbound funds hold 3.85% and 2.18% of the communications sector's market capitalization, respectively, both record highs. Currently, AI user penetration remains low, and the development of large models is still in the early to mid-stages, with the industrialization cycle just beginning. Investment in computing power driven by large models is burgeoning, and capital expenditures will increase with the growth of large model revenue, potentially creating a high ceiling for investment. AI computing power represents a major sector-wide market opportunity, with opportunities generally present in individual stocks across the industry chain. We recommend continued attention.
                        
08:04

                            AliExpress is preparing a "highest-level" brand overseas expansion project and will set up a new brand zone
                        
                            Multiple sources have reported that Alibaba's AliExpress is preparing a "high-profile" brand expansion program. Invitations have already been received from Fortune 500 companies and leading domestic and international brands, and the program is expected to officially launch before Singles' Day (Singles' Day). A screenshot of the "AliExpress Double 11 Brand Plan" has recently been circulating among merchants. It shows that Xiaomi, Pop Mart, and other companies have been shortlisted for the "Super Brand Program," labeled as "deep collaboration." According to sources close to the project, the growth targets set for this partnership are "very aggressive." AliExpress may also establish a new brand zone on its app, providing selected brands with traffic allocation and overseas local operations support.
                        
07:49

                            CITIC Construction Investment: A-share earnings confirm inflection point, new momentum dominates structural market
                        
                            According to a research report by CICC, A-share earnings have confirmed an inflection point and entered a moderate recovery channel, but structural differentiation far outweighs the overall significance, highlighting the accelerated switching of new and old drivers of growth. The market style is biased towards growth, and technology manufacturing has become the core engine with high performance growth driven by the AI cycle and domestic substitution; the midstream manufacturing industry has benefited from the decline in costs and its profit resilience has become more prominent. This recovery is more about price repair than expansion of volume. In the new track, the performance of the AI industry chain has been strongly realized, and robots and innovative drugs are facing opportunities for mass production and reversal of difficulties. New consumption needs to focus on the transmission of revenue to profits. Overall, the economic recovery still needs policy consolidation, and the market will be a structural trend, requiring the selection of high-prosperity tracks.
                        
07:13

                            Google (GOOG.O): We are concerned that the US court's decision to require Google to share data with competitors will affect users and their privacy, and we are closely reviewing the decision.
                        
07:12

                            OpenAI acquires Statsig for $1.1 billion, appoints new CTO of applications
                        
                            On September 2nd, OpenAI announced a restructuring of its executive team, creating a new position of Chief Technology Officer (CTO) for Applications, and the acquisition of product analytics company Statsig for $1.1 billion. Statsig, a company specializing in product optimization services like A/B testing, will be joined by its founder and CEO, Vijaye Raji, as CTO for Applications, reporting directly to Fidji Simo, CEO of Applications. "Upon completion of the transaction, Statsig employees will be integrated into the OpenAI team, and the company will continue to operate independently and serve existing clients from its Seattle headquarters," OpenAI stated.
                        
07:11

                            The optical switch market is growing rapidly, with several A-share listed companies showing strong performance in related businesses.
                        
                            NVIDIA recently launched Spectrum-XGS Ethernet, accelerating multi-GPU and multi-node communication performance, enabling predictable performance for remote AI clusters. This news has catalyzed the rise of the optical circuit switch (OCS) concept. Industry experts believe that due to their high port count, high bandwidth, low latency, and low energy consumption, optical switches are ideal for upper-layer network switching in data centers. They are expected to replace traditional electrical switches in intelligent computing clusters, significantly improving GPU chip utilization. With NVIDIA's scale-across technology development and Google's pioneering efforts, the market penetration of optical switches is expected to increase rapidly. Market research firm QYResearch predicts that the global optical switch market will reach US$2.02 billion by 2031, with a compound annual growth rate of 16.3% over the next few years. Currently, leading international companies such as Google and Coherent are key players in the optical switch industry. Domestically, Huawei and New H3C, a subsidiary of Tsinghua Unigroup, have released optical switch products. Several A-share listed companies, such as Taclink, Tengjing Technology, and Saiwei Electronics, are actively developing their presence in the optical switch industry chain.
                        
07:01

                            Australia's AIG/PWC Performance of Manufacturing Index in August was -20.9, compared with -23.9 in the previous month.
                        
07:01

                            Australia's AIG Construction Performance Index in August was 1, compared with -1.3 in the previous month.
                        
06:44

                            Epstein subpoened files released
                        
06:28

                            U.S. Department of Justice antitrust officials: After the ruling in the Google (GOOG.O) search monopoly case, the Justice Department will consider and weigh next steps to seek further measures.
                        
06:01

                            Bessent has said Trump may declare a national housing emergency this fall to address soaring prices and shrinking supply
                        
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