Monday, October 24, 2022

As President Xi Jinping consolidates his grip on China's ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+ (Henry Ren/Bloomberg)

Henry Ren / Bloomberg:
As President Xi Jinping consolidates his grip on China's ruling party, Alibaba, JD.com, Naspers, and other tech stocks drop by 10%+  —  US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping's tightening grip on China's ruling party …



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Chinese robotaxi operator Pony AI and Toyota begin commercial production of an autonomous Toyota bZ4X; Pony AI aims to have 3,000+ robotaxis by the end of 2026 (Chester Dawson/Bloomberg)

Chester Dawson / Bloomberg : Chinese robotaxi operator Pony AI and Toyota begin commercial production of an autonomous Toyota bZ4X; Pony ...