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News
China's fund distribution landscape shifts: Third-party platforms overtake banks in non-money-market fund holdings for the first time, Ant Fund tops 2 trillion yuan — BigGo Finance
11+ hour, 43+ min ago (108+ words) Third-party channels take the top spot for the first time In sub-categories, third-party channels also demonstrated an all-fronts offensive. Their equity fund holdings grew 27.37% year-on-year, actively managed equity holdings grew 27.3%, and bond and other fund holdings grew 27.92% — all ranking first…...
UBTECH's Liuzhou Super Smart Factory Begins Production, World's First 10,000-Unit-Class Humanoid Robot Production Line — BigGo Finance
12+ hour, 15+ min ago (660+ words) UBTECH (09880.HK) officially commenced production at its industrial humanoid robot super smart factory in Liuzhou, Guangxi, on September 12, making it the world's first manufacturing base of its kind with an annual planned capacity exceeding 10,000 units. The facility spans 14,000 square meters…...
Chinese AI Firm Z.ai Raises $5 Billion Amid 73% Stock Plunge From Peak — BigGo Finance
17+ hour, 19+ min ago (274+ words) Z.ai plans to allocate approximately 60% of the net proceeds to R&D for next-generation models and a fully self-trained system. Another 15% will go toward business expansion, with the remainder used for capital structure improvement and working capital. This latest fundraising…...
Bank and Insurance Stocks Surge Around 15% Despite KOSPI Plunge as High-Rate Defensive Plays Shine — BigGo Finance
13+ hour, 5+ min ago (465+ words) As expectations for prolonged high global interest rates solidify, bank and insurance stocks on the South Korean equity market are posting standout gains. While the KOSPI has fallen more than 16% since late June, the banking and insurance sectors have instead…...
KOSPI Plunges 3% as AI Slowdown Calls Collide with Middle East Turmoil; Samsung Electronics, SK Hynix Slide in Tandem — BigGo Finance
17+ hour, 49+ min ago (579+ words) According to the Korea Exchange, as of 9:34 a.m., the KOSPI stood at 6,707.13, down 202.78 points (2.93%) from the previous session. The index opened at 6,692.61, then slid to an intraday low of 6,669.34 — a 3.48% drop — before recovering slightly. The KOSDAQ index also fell 1.80% to 805.84, briefly surrendering…...
Trump and House Speaker Resist Urgent AI Regulation, Citing China Race — BigGo Finance
1+ day, 1+ hour ago (504+ words) President Donald Trump and House Speaker Mike Johnson pushed back Sunday against urgent calls to impose sweeping restrictions on artificial intelligence, arguing that aggressive regulation could surrender America's technological advantage to China just as industry leaders are urging a slowdown…...
Sany Heavy Industry Launches First-Ever Buyback Since Listing; Over 10 SSE-Listed Chinese Firms Disclose Progress This Weekend — BigGo Finance
22+ hour, 26+ min ago (394+ words) Sany Heavy Industry, China's construction machinery leader, disclosed on the evening of September 13 that it completed its first-ever share buyback since listing on September 11, purchasing 623,900 shares for 12.31 million yuan (approximately $1.8 million) via centralized bidding. The company plans to repurchase 400 million…...
Li Auto's Former AI Chief Scientist Chen Wei Raises Hundreds of Millions of Yuan for Embodied AI Startup Targeting Home Robots — BigGo Finance
23+ hour, 13+ min ago (761+ words) Beijing-based embodied foundation model company Xieyue Intelligence announced the completion of an angel+ funding round worth hundreds of millions of yuan, with investors including Linear Capital, Junshan Capital, Hongyi Capital, and Yinshan Capital. The company was co-founded in February 2026 by…...
Huaxia Bank Veterans Take Full Control of China's Huayin Fund as New GM Named — BigGo Finance
1+ day, 6+ hour ago (829+ words) Huayin Fund announced on September 12 that Liu Dan, formerly of Huaxia Bank, has been appointed general manager, ending a vacancy of more than four months. Liu brings extensive experience from China Construction Bank, CCB Financial Asset Investment, and Huaxia Bank,…...
Hanwha Ocean Unveils First Physical Model of 60MW Floating Data Center — BigGo Finance
1+ day, 14+ hour ago (541+ words) Hanwha Ocean announced on the 13th that it will showcase the model at Gastech 2026, held in Bangkok, Thailand from the 14th to the 17th. More than 1,000 companies from around the world are expected to participate in this year's event, with over 50,000 visitors anticipated....