CAIXIN
Who is Alice Huang, the Chinese businesswoman linked to Nvidia CEO Jensen Huang?
Alice Huang, a finance professional, has transitioned to the AI chip industry with Megaspeed International. The company is under investigation for its links to advanced Nvidia chip exports to China. Reports suggest Alice Huang may have acted as an intelligence asset, raising concerns about potential national security breaches. Nvidia's board has initiated an investigation into its CEO's involvement with her.
The Jensen and Alice story: What happened in the 2024-26 secret affair of the NVIDIA CEO and a 'Chinese spy'
Nvidia's CEO Jensen Huang and Alice Huang have been linked amid growing espionage allegations. Alice has reportedly been sharing information with China while working with Nvidia on data centers. This situation has led to investigations involving the US government's scrutiny of her connections. Additionally, Megaspeed International faces allegations of assisting Chinese clients in accessing restricted Nvidia hardware.
Who is Alice Huang, the Chinese businesswoman tied to Nvidia's CEO?
Known also as Huang Le, the Chinese businesswoman held senior roles at a Shanghai investment firm before becoming the controlling shareholder of Singapore-based cloud-computing company Megaspeed International, according to more than 30 publicly available financial records, corporate filings and company materials reviewed by Reuters.
China's services growth hits 7-month low as tariffs bite, Caixin PMI shows
China's services sector experienced its slowest expansion in seven months in April, as the Caixin PMI fell to 50.7, impacted by U.S. tariffs and subdued business sentiment. New business growth weakened, leading to job cuts and price reductions by service providers. Policymakers are urged to take action to mitigate the effects of the ongoing trade standoff.
China's factory activity picks up but trade uncertainties weigh
China's factory activity rose in February due to a surge in supply, demand, and export orders, achieving a three-month high. However, manufacturers faced increased input costs, particularly for materials, and employment continued to decline.
China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows
China's services sector grew at the fastest pace in seven months in December, supported by increased domestic demand. However, foreign orders declined. This recovery aligns with recent fiscal and monetary measures. Despite the growth, companies reduced staff due to rising costs. The upcoming U.S. tariffs pose further risks, and businesses remain cautious about international trade disruptions.
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China's services activity expansion eases in November, Caixin PMI shows
China's services activity grew more slowly in November, impacted by reduced new business growth and exports. The Caixin/S&P Global services PMI fell to 51.5 from 52.0 in October. The economy faces pressure from a property downturn and weakening global demand. Policy measures are in place to support recovery, but potential U.S. tariffs add uncertainty.
China factory growth hits 5-month high: Caixin
China's manufacturing activity saw continued expansion in November. Caixin's manufacturing PMI rose to 51.5, indicating the highest growth since June, surpassing expectations. The economy’s recovery was supported by strong exports, despite potential future tariffs from the US. Stockpiling by customers drove a notable increase in new orders and output prices.
China's services activity expands further, but external demand slows, Caixin PMI shows
In July, China's services activity saw accelerated growth due to an increase in new orders, although overseas demand experienced a slowdown to an 11-month low, according to a private-sector survey. The Caixin/S&P Global services purchasing managers' index (PMI) increased to 52.1 from June's 51.2, indicating expansion for the 19th consecutive month. The index focuses mainly on private and export-oriented companies, where a reading above 50 signifies growth.
Chinese factories poised for 'cruel summer' as PMI surveys raise outlook risks
Industrial production growth last month may have slowed to 4.8% year-on-year from 5.3% in June, and factory-gate prices may have extended their declines, the Caixin survey said.
China's factory activity contracts for first time in 9 months, Caixin PMI shows
China's manufacturing activity declined in July for the first time in nine months, according to a Caixin/S&P Global survey. The PMI fell to 49.8, below expectations. The decline in new orders led to the slowdown, attributed to weak demand and client budget cuts, despite recent efforts to stimulate consumption.
China's manufacturing surges, Caixin PMI shows, but global risks grow
To counter soft domestic demand and a years-long property crisis, China has boosted infrastructure investment and ploughed funds into high-tech manufacturing to bolster the broader economy this year.
China's factory activity growth hits 2-year high, Caixin PMI shows
The Caixin/S&P Global manufacturing PMI rose to 51.7 in May from 51.4 the previous month, marking the fastest pace since June 2022 and beating analysts' forecasts of 51.5. The 50-point mark separates growth from contraction.
China's factory activity expands at fastest clip in 13 months, Caixin PMI shows
China's manufacturing activity in March saw a significant boost, hitting 51.1 in PMI. Despite positive forecasts and reduced costs, challenges like the property sector slump and employment issues remain, requiring further stimulus for growth.
China's factory activity picks up on expansion in output, orders, Caixin PMI shows
The world's second-biggest economy has been mired in a low-growth trajectory since the end of COVID curbs in late 2022, as a debt crisis in the property sector as well as low demand at home and abroad have dragged on broader activity. Friday's Caixin PMI provided some bright spots, with output growing at the fastest pace since May 2023 despite an eight-day Lunar New Year break shutting most factories temporarily in mid-February.
China's Jan services activity expands at slower pace - Caixin PMI
The Caixin/S&P Global services purchasing managers' index (PMI) edged down to 52.7 from 52.9 in December, but remained above the 50-mark that separates expansion from contraction for the 13th consecutive month.
Huawei makes a break from Android with next version of Harmony OS: report
Huawei will not support Android apps on its HarmonyOS Next platform, which will launch a developer version in Q2 and a commercial version in Q4. The company aims to bolster its own software ecosystem. Earlier versions of Harmony allowed Android apps, but this will no longer be possible. Huawei plans to exceed 700 billion yuan ($97.3 billion) in revenue in 2023, representing 9% YoY growth.
China’s services PMI picks up in May on improved demand
The Caixin/S&P Global services purchasing managers' index (PMI) rose to 57.1 in May from 56.4 in April. The 50-point mark separates expansion from contraction in activity.
China’s factories struggle in further sign of economic imbalance
As China ended its Covid restrictions which drove the consumer spending, it's economy expanded fastest pace in a year last quarter.
China leads slide in Asian factories as global demand falls
According to latest indicators, the post-reopening recovery in China is on account of the non-manufacturing sectors.
China's factory activity falls at slower pace on easing curbs - Caixin PMI
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 48.1 in May from 46.0 the previous month and was slightly above a Reuters poll of 48.0. May's contraction was the second-sharpest slump since February 2020, suggesting the recovery remains fragile.
Asian factories shake off supply headaches but Omicron presents new risks
The findings from the private-sector survey, which focuses more on small firms in coastal regions, stood in contrast with those in China's official PMI on Tuesday that showed manufacturing activity unexpectedly rose in November, albeit at a very modest pace.
China boots pvt run Caixin financial news from approved media list
Caixin is known for being bolder than most outlets, pushing limits imposed to ensure that news agencies and social media platforms censor politically sensitive or inappropriate topics. The outlet is known for its investigative reporting on corruption and other issues.
Asia factories see momentum weaken on rising costs, new COVID curbs
China's factory activity expanded at a softer pace in June with output growth slumping to the lowest level in 15 months, according to a private survey, in line with an official survey showing a dip in activity to a fourth-month low.
China's Jan factory activity expands at slowest pace in 7 months: Caixin PMI
China's factory activity expanded at the slowest pace in seven months at the start of 2021, weighed down by falling export orders amid a surging global pandemic and rising costs, a business survey showed on Monday.
China's manufacturing recovery weakens in December
China is the only major economy on track to record positive economic growth in 2020 while the United States and Europe struggle with rising case numbers that have prompted governments to re-impose travel and business controls.
China's Fosun plans plant to make BioNTech's COVID-19 vaccine: Caixin
The first phase of the China-based manufacturing facility will have production capacity of 200 million doses, Caixin said, citing people familiar with the matter. It did not specify how long it would take to produce that many doses.
China plans set up of new disease control agency in COVID-19 aftermath: Caixin
The government body will oversee work aimed at preventing future outbreaks and managing emerging ones, Caixin said, citing two government insiders and three public health experts.
China factory activity expands at fastest pace in nearly a decade: Caixin PMI
The Caixin/Markit Manufacturing Purchasing Managers' Index(PMI) rose to 52.8 last month from June's 51.2, marking the sector's third consecutive month of growth and the biggest jump since January 2011.
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