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China Vanke's CEO, chairman resign
China Vanke's CEO, chairman resign as $6.2 billion forecast loss deepens concerns
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as concerns over the company's liquidity deepen.
China Vanke’s Chairman and CEO to Resign From Roles
Chairman Yu Liang applied to resign due to “work adjustment reasons,” Vanke said in a filing to the Hong Kong stock exchange on Monday. He will remain as a director of the com
Chinese Property Giant Vanke Warns Of Huge Loss, CEO Resigns
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons".
China Vanke's CEO, chairman resign amid growing liquidity worries
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid concerns over the company's liquidity as it faces several debt maturity deadlines this year.
China Vanke's top executives resign from property developer
Top executives at China Vanke Co., a leading property developer, have announced their resignations, according to a filing with the Hong Kong stock exchange on Monday.
AI, China and DeepSeek
China's DeepSeek sets off AI market rout
Nasdaq futures slumped and technology shares slid in Japan on Monday as surging popularity of a Chinese discount artificial intelligence model wobbled investors' faith in the profitability of AI and the sector's voracious demand for high-tech chips.
China’s DeepSeek Makes Robust, Popular AI Product Despite U.S. Curbs
Similar to ChatGPT, the chatbot can perform tasks such as answering questions, drafting content and helping users gather information.
'DeepSeek a wake-up call for US': China's AI startup sets Silicon Valley atwitter
DeepSeek’s ability to dramatically reduce inference costs ruffled feathers in the industry. Perplexity AI CEO Aravind Srinivas commented on its V3 model: "DeepSeek has effectively replicated O1-mini and made it open-source.
1h
In China, Government Data on Drugs Blocked From Public After Backlash
Criticism over how the Chinese government buys drugs for its public health care system has ignited frustration over the ...
3h
China c.bank conducts 1.7 trln yuan of outright reverse repos in Jan
China's central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January.
3h
China detains suspect in human trafficking cases linked to online scam networks in Myanmar
Chinese authorities have detained a key suspect in human trafficking cases linked to online scam networks in Myanmar ...
7h
China’s Large and Mysterious Dam Project Is Alarming Neighbors and Experts
The hydropower dam, in quake-prone Tibet, is set to be the world’s biggest. But China has said little about the project, ...
11h
on MSN
China is more in love with its pandas than ever. That’s complicated matters for Beijing
China’s successful rebranding of the giant panda has created an unexpected challenge for Beijing, as it aims to balance its ...
9h
China hands death sentence to man who killed Japanese boy
A Chinese man has been sentenced to death for fatally stabbing a 10-year-old Japanese schoolboy, in a case that sparked ...
4h
on MSN
Silicon Valley Is Raving About a Made-in-China AI Model
DeepSeek is called “amazing and impressive” despite working with less-advanced chips.
1h
on MSN
Nvidia tumbles and tech stocks slide premarket as China's DeepSeek spooks AI investors
DeepSeek topped the Apple AppStore chart and sparked fears the Chinese company is quickly catching up with OpenAI's ChatGPT ...
3d
on MSN
Trump 2.0 is going well for China so far. But can the honeymoon last?
Donald Trump’s second term in office is getting off to a good start for China.
1h
on MSN
China 'teapot' refiners halt plants as new fuel tax bites, sources say
Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance ...
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