Month: March 2025

China’s ‘DeepSeek Moment’: Akeso’s Cancer Drug Breakthrough Shakes Global Biotech

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Akeso, a Chinese biopharmaceutical company, has recently made significant waves in the global biotech industry with its innovative cancer drug, ivonescimab. This breakthrough has been dubbed China’s “DeepSeek moment”

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#Akeso #BiopharmaceuticalInnovation #CancerResearch #GlobalBiotech #DeepSeekMoment

China: Foreign Phone Shipments Drop 21%

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Shipments of foreign-branded phones, including Apple’s iPhone, in China tumbled 21% in January year-over-year, Reuters reported, citing data from a government-affiliated research firm
The data from the China Academy of Information and Communications Technology, or CAICT, showed that in January shipments of foreign-branded smartphones in China fell to 4.398 million units, compared to 5.542 million units a year earlier, the report added, following calculations based on the data.
Overall phone sales in China declined 14.3% year-over year to 27.24 million units in January, the report noted.

Earlier this month, Jefferies said China’s smartphone growth momentum is stalling, and noted that Apple’s new iPhone 16e is likely underwhelming. Meanwhile, Apple’s 2025 calendar year iPhone shipment estimate was lowered by Citi Research due to a delay in the upgrade of Siri

According to Counterpoint Research, iPhone sales fell 18.2% in China in the fourth quarter of 2024, while Huawei took the top spot. Apple slipped to third place in the Chinese market with a 17.1% market share, behind Huawei with an 18.1% share and second placed Xiaomi with 17.2%

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#ChinaTechMarket #SmartphoneShipments #iPhoneSales #MarketTrends #ForeignBrands

AI Revolution in Telecom: From Data Conduits to Digital Innovators

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Global telecom giants are highlighting AI advancements at the Mobile World Congress in Barcelona. CEOs from multiple companies are emphasizing significant investments in new tech innovations

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#MobileWorldCongress #TelecomInnovation #AIAdvancements #TechInvestments #GlobalTelecom

Buffett’s Berkshire Boosts Bets on Japanese Giants, Nearing 10% Ownership

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BREAKING: Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) has raised its holdings in five Japanese trading houses, regulatory filings showed on Monday

Berkshire’s stake in Mitsui & Co (OTCPK:MITSY) rose to 9.82% from 8.09%, while its holdings in Mitsubishi Corp (OTCPK:MSBHF), Sumitomo Corp (OTCPK:SSUMY), Itochu (OTCPK:ITOCF) and Marubeni (OTCPK:MARUY) also rose by some percentage points, Reuters reported citing documents filed to Japan’s securities watchdog by its unit, National Indemnity Company

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BREAKING: More Trump Tariffs April 2

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BREAKING: TRUMP SAYS HE WILL IMPOSE RECIPROCAL AND SECTORAL TARIFFS ON APRIL 2

TRUMP SAYS RECIPROCAL TARIFFS ON COUNTRIES WILL COME ALONG SIDE AUTO DUTIES

TRUMP SAYS HE HAS NO INTENTION OF CREATING EXEMPTIONS ON STEEL AND ALUMINUM TARIFFS

TRUMP SAYS MAY HAVE SOMETHING TO ANNOUNCE ON UKRAINE-RUSSIA TALKS BY TUESDAY

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Blue Owl’s Billion-Dollar Bet: SoFi Deal Reshapes Personal Lending Landscape

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The recent joint venture between Blue Owl Capital and SoFi Technologies marks a significant development in the personal loans market, potentially reshaping the landscape of consumer lending

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#SoFiTechnologies #LoanPlatform #BlueOwlCapital #PersonalLoans #FinancialInnovation

Mainland Investors Fuel Record-Breaking Surge in Hong Kong Stocks

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Mainland investors bought a net HK$29.6 billion ($3.8 billion) of Hong Kong shares on Monday, March 17, 2025. This marks the highest single-day inflow since trading links between Hong Kong and mainland exchanges were established in 2016

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Blue Owl’s Billion-Dollar Bet: SoFi Deal Reshapes Personal Lending Landscape

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The recent joint venture between Blue Owl Capital and SoFi Technologies marks a significant development in the personal loans market, potentially reshaping the landscape of consumer lending

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#SoFiTechnologies #LoanPlatform #BlueOwlCapital #PersonalLoans #FinancialInnovation