Apple Reportedly In Talks With Tencent, TikTok-Parent ByteDance To Roll Out AI Features In China

Benzinga03:04 ET

Meituan Drone delivery has received permission in Dubai, entering the Middle Eastern market | Insights on Going Overseas.

① With the issuance of licenses, Meituan's Drone Business officially starts Operation in Dubai Silicon Valley, bringing a new delivery model to the Middle Eastern market. ②"Ideally, Keeta is expected to replicate the success of Hong Kong in Saudi Arabia, but as the first Chinese takeaway giant to enter Saudi Arabia, Meituan is likely to bear the risks and growing pains of this unique Global market."

cls.cn19:58 ET

Investment losses have dragged down solvency for many years, and Fubon Property Insurance has cleared its 16.667% stake in Tencent Weifang, with the latest risk comprehensive rating being category BB.

① Fubon Insurance and Fubon Financial Holding's two subsidiaries "liquidated" their 16.667% stake in Tencent's insurance subsidiary Tengfu Bo, with Yima Shentong as the transferee; ② Yima Shentong is a wholly-owned subsidiary of Tencent, and after the transfer, its stake in Tengfu Bo will first exceed 90%; ③ The transfer of shares by Fubon Insurance may be to avoid continuing investment losses that could impact solvency, as the company's latest comprehensive risk rating is classified as BB.

cls.cnDec 17 20:48 ET

Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a

The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.

wallstreetcnDec 17 18:21 ET

Eight Overseas wallets have been integrated into WeChat Pay, allowing direct payment through WeChat scanning.

① WeChat Pay has added access for 8 Overseas Institutions wallets. ② WeChat Pay will also expand "outsourcing for internal use" to over 10 Overseas Institutions wallets in multiple countries and regions, including South Korea, Singapore, and Malaysia.

cls.cnDec 17 08:32 ET

Alibaba Stock Rises Marginally In Overnight Trading On Robinhood Despite $1.3 Billion Loss From Sale Of Chinese Retail Chain Intime

BenzingaDec 17 02:45 ET