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HKG:0700

24 stories mentioning HKG:0700

Every FINWIRES story that references HKG:0700, newest first.

Asia

Market Chatter: DeepSeek V4 Sparks Rush for Huawei's Ascend 950 AI Chips

ByteDance, Tencent (HKG:0700), Alibaba (HKG:9988) and other big Chinese firms are rushing to place orders for Huawei's Ascend 950 AI chips, Reuters reported Wednesday, citing people familiar with the matter.The surge in demand followed the release of DeepSeek's V4 artificial intelligence model that runs on said Huawei chips, according to the report.Sources said companies specializing in cloud computing and graphics processing unit rental services are also looking to secure orders, according to Reuters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0700HKG:9988
Asia

Market Chatter: Alibaba, Tencent Explore Investment in DeepSeek

Alibaba (HKG:9988) and Tencent (HKG:0700) are in early-stage talks to back artificial intelligence firm DeepSeek, Reuters reported Wednesday, citing The Information.The startup, supported by High-Flyer Capital Management, is looking to raise fresh capital at a valuation above $20 billion, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0700HKG:9988
Asia

Tencent Acquires Shares in Kaspi.kz

Tencent Holdings (HKG:0700) acquired 6 million American depositary shares in Kaspi.kz JSC, marking its first investment in Kazakhstan's fintech sector, according to a statement Monday.Tencent acquired the shares, which represent 3.2% of the business, from Baring Fintech Venture Funds.

HKG:0700
Asia

Market Chatter: CATL Calls for Removal From US Restrictions; Shares Up 4%

Contemporary Amperex Technology (SHE:300750, HKG:3750) is asking the US to remove its name from the list of companies blacklisted due to alleged links with the Chinese military, Bloomberg News reported Thursday, citing insiders.The battery maker was included in the list with Tencent Holdings (HKG:0700).CATL's co-chairman, Pan Jian, argued on the company's case during his two trips in the U.S. since a year earlier, including one made with officials of the Defense Department, the report said.The sources said that Pan was concerned that the chances to be removed from the curbs were small due to the tensions between the U.S. and China, the report said.CATL is yet to respond to' request for comment on the matter.The battery maker's Hong Kong shares jumped 4% and Shenzhen bourse rose 2% during the morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0700HKG:3750SHE:300750

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