PRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) unveiled a USD 432mln campaign to push mass-market adoption of its AI
Importance
Level 1
Alibaba (9988 HK) - Co. unveiled a USD 432mln campaign to push mass-market adoption of its AI, as rivalry with Tencent (700 HK), Baidu (9888 HK) and ByteDance intensifies. (SCMP)
CSPC Pharmaceutical (1093 HK) - Co. announced its clevidipine injectable emulsion was approved by China’s NMPA. (IRAsia)
Wuxi Lead Intelligent Equipment Co Ltd (300450 CH) - Co. seeks to raise up to HKD 4.3bln in a Hong Kong listing. (Newswires)
Other News
Chinese Premier Li is urging the active use of AI across manufacturing, according to state media. (Newswires)
Shanghai launched a substantial purchase of existing homes for affordable rental housing. (Newswires)
US President Trump launched a USD 12bln mineral stockpile to counter China. (Newswires)
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