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Saudi Aramco Spent 24.6 Billion Yuan on Acquiring a 10% Stake in Rongsheng Petrochemical

On March 27th, Rongsheng Petrochemical reached strategic cooperation with Saudi Aramco, one of the world's leading integrated energy and chemical companies, and signed several agreements, including Saudi Aramco acquisition agreement to acquire 10% of Rongsheng Petrochemical for RMB 24.6 billion, as well as business cooperation framework agreements on raw materials, refined oil, chemical products, crude oil storage, and technology sharing.

Jack Ma Returns to China as a Positive Signal for Private-held Business in China

According to media reports, some netizens witnessed Jack Ma, the founder of Alibaba Group, in the Wenyi Road tunnel in Hangzhou. In the video, Ma rides a Toyota Coaster, occasionally talking with people around and in front. According to the report, on March 27th, Ma also paid a visit to Hangzhou Yungu Primary School, a private school invested and established by Alibaba partners in 2017. Jack Ma, who has kept a low profile for a long time, suddenly became high-profile and appeared in mainland China as if he wanted to break the previous silence and retreat.

AIGC + Game: A Tremendous Change Is Leading the Chinese Game Industry

Recently, thanks to the normalization of imported games and AIGC, Hong Kong stocks and A-share game sectors have soared.In terms of Hong Kong stocks, Ourgame (06899.HK) rose by more than 13%, Bilibili rose by more than 8%, FriendTimes Inc. (06820.HK) rose by more than 4%, XD Inc. rose by more than 3%, and CMGE, NetEase, IGG, etc. followed suit.In terms of A shares, Kunlun Tech led the gains. Giant Network reached a daily limit, Shengtian Network, Tom Cat, 37 Interactive Entertainment, G-Bits, etc. all rose sharply.

Is it too late for China's Pharmaceutical company to launch the COVID mRNA vaccine?

On March 22, CSPC Pharmaceutical Group officially announced that its SARS-CoV-2 mRNA VACCINE (SYS6006) was included in emergency use in China, and China ushered in the first domestic mRNA COVID-19 vaccine.Since the outbreak of the COVID-19, mRNA technology has attracted much attention due to its outstanding safety and short production cycle. According to incomplete statistics, about 16 mRNA COVID-19 vaccines are under development in China. When COVID-19 recedes globally, it is not yet known how much commercial value the subsequent vaccines will gain. Still, the deployment of mRNA vaccines is an important step in entering the emerging field of mRNA therapy for many Chinese big pharma companies.

Behind SVB Bankruptcy: China Biotech Company Financial Risk

Recently, Silicon Valley Bank (SVB), one of the top 20 banks in the United States, collapsed and declared bankruptcy. After the Silicon Valley Bank "thunderstorm" incident, not only were global depositors worried about the collapse of the banking industry, but it also caused a wave of commotion among Chinese biotech companies.This is also because, according to Silicon Valley Bank’s previous financial report, 12% of Silicon Valley Bank’s deposits belong to the healthcare and biotechnology industries, and many of these companies are start-ups.

AI 2.0: ChatGPT 4 Is Moving to Commercialization

Artificial Intelligence (AI) has come a long way since its inception, and the advancements in this field never cease to amaze us. Chatbots are one of the most significant results of AI technology, and they have changed the way businesses interact with their customers. One of the latest innovations in chatbot technology is AI2.0, and ChatGPT is moving towards commercializing this game-changing technology.

Sino-Russian Energy Cooperation: Move in the Same Direction in the Turmoil

The energy cooperation between China and Russia has become essential to their bilateral relations. The two countries continuously move in the same direction as the world goes through turmoil. Both China and Russia need each other for their energy demands, and this cooperation comes at a time when the international economic and political environment is rapidly changing.

Gold Price Is Approaching the $2,000 Mark, One Step Away From the Historical High

With Silicon Valley Bank, Signature Bank, Credit Suisse, and other European and American banks falling into crisis one after another, the Fed’s interest rate hike expectations have been significantly reversed, and the credit of the US dollar is facing a test. There is still huge room for central banks to purchase gold backed by natural credit.

Never-ending “Chip War” Stirs the Car Chip Manufacturers To Expand Their Production

Under the influence of "chip shortage" in the past few years, countries seek to strengthen semiconductor production. For example, the European Commission will allocate 15 billion euros for public and private semiconductor projects by 2030. In the past two years, information about the expansion of production by major car chip manufacturers has come one after another, and the Never-ending “Chip War” Stirs the Car Chip Manufacturers To Expand Their Production.

Paper Mills Expand Quickly in Asia Pacific After COVID-19

Due to the current decline in pulp prices on the cost side, the papermaking sector has ushered in dual catalysts of price increases and cost declines, and performance is expected to recover in the Asia Pacific area.

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