ByteDance Ltd., known for its popular platform TikTok, has announced plans to buy back employee shares for approximately $312 billion, reflecting a significant increase compared to previous offers. This move underscores the shifting landscape in the market for Chinese technology stocks.
China is set to release its first national guidelines aimed at promoting the adoption of RISC-V open-source chips. This initiative, revealed by two sources familiar with the situation, highlights Beijing's efforts to reduce dependency on Western technology.
Billionaire investor Ryan Cohen has once again captured media attention by increasing his stake in Chinese e-commerce giant Alibaba Group $9988.HK. According to the Wall Street Journal, his position has now grown to approximately one billion dollars, highlighting the company’s strategic significance amid rapid industry developments. This article explores the key facets of this move and its impact on the market.
