TechWire

U.S. lawmaker urges JPMorgan, BofA to pull out of CATL IPO

Nvidia CEO visits Beijing amid ban on chip exports to China

Xiaomi YU7 rumored to be delayed by month

2025.04.19

03:14

                            Musk's xAI: When we set out to build a fast, affordable mini model, we knew it would be good, but even we didn't expect it to be this good. Here are some of the most outstanding results, with the Grok 3 Mini topping the list of graduate-level STEM, math, and coding.
                        
02:03

                            The Canton Fair provides a perspective on the improvement of foreign trade quality and structure, and has the confidence to cope with multiple challenges through industrial upgrading
                        
                            On April 18, the 137th China Import and Export Fair was still very popular. As a "barometer" for observing China's foreign trade, reporters found that this Canton Fair not only demonstrated the hard-core strength of Chinese manufacturing, but also revealed the deep logic of upgrading the quality and structure of foreign trade - from technological breakthroughs to AI empowerment, from strategic determination to global collaboration, China's foreign trade is achieving dual improvement in "quality" and "intelligence", and industrial upgrading has also brought more "confidence" to China's foreign trade in dealing with multiple challenges.
                        
22:37

                            According to CNBC: Nintendo Switch 2 will begin accepting retail pre-orders on April 24.
                        
22:35

                            Moutai Group and CATL Signed a Strategic Cooperation Framework Agreement
                        
                            On April 18, Moutai Group and CATL signed a strategic cooperation framework agreement at Moutai International Hotel. The two parties will take "reshaping industrial value and defining new global green industrial standards" as their vision, deeply integrate new energy technology innovation with traditional industrial ecological wisdom, real economy and green technology, jointly promote the green, low-carbon and high-quality development of industrial ecology, and jointly open a new chapter of cross-border cooperation. Zhang Deqin, Secretary of the Party Committee and Chairman of Moutai Group, and Zeng Yuqun, Founder, Chairman and CEO of CATL, attended and witnessed the signing ceremony.
                        
21:43

                            Changan Automobile denies rumors: The restructuring is still in the planning stage and details have not been disclosed yet
                        
                            Changan Automobile's False Information Reporting Center posted on its official WeChat public account that recently, the company discovered that rumors about Avita's cooperation with Huawei were spread in an organized manner. Now, we solemnly refute the rumors and clarify as follows: Changan Automobile's controlling shareholder, China North Industries Group Corporation, is planning a reorganization with other state-owned central enterprise groups. The reorganization is still in the planning stage. Details of the reorganization have not been disclosed yet. Please refer to the official announcement for everything. Avita and Huawei are the closest strategic partners. The so-called "abandoning Huawei" and "diluting the Huawei label" and other information are completely false and fabricated.
                        
21:32

                            Modi and Musk met again after two months: discussing cooperation in electric vehicles, space and other fields
                        
                            Indian Prime Minister Narendra Modi held talks with Tesla CEO Elon Musk to discuss strengthening cooperation between the United States and India in the fields of technology and innovation. Modi said on social media that India is committed to advancing its partnership with the United States in emerging fields such as electric vehicles, renewable energy and space.
                        
21:04

                            Qualcomm Incorporated Declares Quarterly Cash Dividend of $0.89 Per Share
                        
                            Qualcomm declared a quarterly cash dividend of $0.89 per share.
                        
21:02

                            Qualcomm (QCOM.O) declared a quarterly cash dividend of $0.89 per share.
                        
20:45

                            Wingtech Technology: Received 2.287 billion yuan in transfer price
                        
                            Wingtech Technology announced that the company intends to transfer 100% of the equity and related business asset packages of its subsidiaries to Luxshare Precision Industry Co., Ltd. and Luxshare Communications (Shanghai) Co., Ltd. in cash transactions. This transaction is expected to constitute a major asset reorganization as stipulated in the "Management Measures for Major Asset Restructuring of Listed Companies" and will not lead to a change in the company's control. On March 20, 2025, the company held the sixth meeting of the 12th Board of Directors, reviewed and approved relevant proposals and fulfilled the information disclosure procedures. As of the date of this announcement, the company has received a transfer price of RMB 2.287 billion paid by the counterparty.
                        
20:37

                            Hikvision: Net profit in 2024 is 11.977 billion yuan, down 15.10% year-on-year
                        
                            Hikvision announced that its operating income in 2024 will be 92.496 billion yuan, a year-on-year increase of 3.53%. The net profit attributable to shareholders of the listed company will be 11.977 billion yuan, a year-on-year decrease of 15.10%. The profit distribution plan approved by the board of directors is as follows: based on the total share capital on the equity registration date for the implementation of the 2024 profit distribution plan in the future minus the number of shares in the company's repurchase special account, a cash dividend of 7 yuan (including tax) per 10 shares will be distributed to all shareholders, no bonus shares will be issued, and no capital reserve will be used to increase the share capital.
                        
20:09

                            GEM: Signed a strategic cooperation framework agreement with JD Industry to stabilize overseas supply chain
                        
                            GEM announced that it has signed a "Strategic Cooperation Framework Agreement on Overseas Supply Chain Stabilization" with JD Industry. The two parties will cooperate in multiple fields such as export-to-domestic sales support, supply chain digitalization upgrades, and building an exclusive matrix-style fulfillment and supply guarantee system. According to the agreement, GEM plans to purchase no less than 5 billion yuan of goods through JD Industry Platform in the future, including machinery and equipment, engineering materials, etc. This cooperation is conducive to the two parties to build a strategic partnership in the supply chain, promote the completion of the company's overseas projects as scheduled, and promote the company's high-quality development.
                        
19:55

                            Gong Zheng meets with NVIDIA President and CEO Huang Renxun
                        
                            Shanghai Mayor Gong Zheng met with NVIDIA President and CEO Huang Renxun and his delegation today. Gong Zheng said that as China's economic center city, Shanghai is focusing on the "five centers" to accelerate the construction of a socialist modern international metropolis with global influence. Integrated circuits and artificial intelligence are the leading industries that Shanghai focuses on developing, and have achieved rapid development in recent years. Shanghai has become China's city with the strongest comprehensive integrated circuit technology strength, the largest industry scale, and the most complete industrial chain. We welcome NVIDIA and other world-renowned high-tech companies to seize the opportunities of China's super-large-scale market and Shanghai's expansion of high-level opening up, gather global resources and elements, strengthen in-depth cooperation with local companies, and create a bright future for scientific and technological development. Shanghai will continue to create a market-oriented, legal, and internationalized first-class business environment to help all types of companies achieve better and greater development.
                        
19:32

                            BYD plans to expand its Japanese sales network to 100 stores
                        
                            According to Cailianshe, citing Kyodo News, BYD plans to expand its Japanese sales network to 100 stores by 2025. Liu Xueliang, president of BYD Japan, was interviewed a few days ago and said that it would definitely be done. BYD is said to already have more than 60 stores in 36 prefectures in Japan and will further expand.
                        
19:25

                            Guangdong: We must step up efforts to expand effective investment and promote the implementation of projects in the fields of low-altitude economy, artificial intelligence, and new infrastructure as soon as possible
                        
                            The Finance and Economics Committee of the Guangdong Provincial Party Committee held a meeting on the afternoon of April 18 to analyze the economic operation of the province in the first quarter and study and deploy the next stage of economic work. The meeting pointed out that the second quarter is very critical to the economic work of the whole year. We must increase our efforts to expand effective investment, adhere to the main and important, and seek new and new things, further increase investment promotion efforts, accelerate the implementation of "two-heavy" projects and the construction of landmark projects, promote the implementation of projects in the fields of low-altitude economy, artificial intelligence, new infrastructure, etc. as soon as possible, promote the formation of more physical volume, and plan and reserve major projects in combination with the "15th Five-Year Plan".
                        
19:19

                            Eli Lilly CEO: Conduct research on Alzheimer's disease prevention and other brain diseases
                        
                            Eli Lilly's CEO said that research on Alzheimer's disease prevention and other brain diseases will be carried out.
                        
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