Sources: CARRO, Southeast Asia's largest online used car trading platform, plans to conduct an initial public offering (IPO) in the United States as early as 2026. CARRO is targeting a valuation of more than US$3 billion and could raise up to US$500 million.

2025-08-06 19:15:00

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Weekly Highlights

                                    Musk: Tesla Autopilot V14 will be released next month.
                            2025-08-21

                                    Fitch: US economic activity is expected to remain at a subdued level of 1.5% in 2026 as policy uncertainty and high inflation will have a negative impact on consumer spending.
                            2025-08-23

                                    According to the Wall Street Journal: Bank of America has set aside $4 billion to develop new technologies such as artificial intelligence.
                            2025-08-20

                                    Southbound funds saw a significant net inflow of 7.461 billion yuan today. On the Shanghai-Hong Kong Stock Connect, Tencent Holdings and Xiaomi Group-W saw net inflows of HK$1.618 billion and HK$828 million, respectively. SMIC led the way in net sales, with HK$330 million. On the Shenzhen-Hong Kong Stock Connect, Meituan-W and Xiaomi Group-W saw net inflows of HK$602 million and HK$446 million, respectively. Tracker Fund of Asset Management led the way in net sales, with HK$825 million.
                            2025-08-21

                                    Baidu Group: Total revenue reached 32.7 billion yuan, with Baidu's core net profit increasing by 35%, exceeding expectations.
                            2025-08-20