China · Business
Same event, multiple sources, transparently cited.
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CXMT overtakes Tencent as China's most valuable company amid AI demand
CXMT Corp surpassed Tencent Holdings Ltd in market value on August 13, 2026, driven by strong investor demand for AI-related hardware.
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OpenAI Drives About 70% of Microsoft's $34 Billion AI Revenue in Fiscal 2026
OpenAI contributed roughly $24.1 billion, or 70%, to Microsoft’s $34 billion AI revenue in fiscal 2026, the company reported.
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China launches first national security probe on imported office equipment with foreign software
China’s Ministry of Commerce began a national security investigation into imported printing and copying office equipment using foreign system software on August 5, 2026.
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South Korea’s July CPI Inflation Slows to 2.8% as Core Pressures Persist
South Korea’s consumer price index rose 2.8% year-on-year in July 2026, easing from June amid fuel price shifts and government measures.
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SpaceX to release first earnings report since June 2026 IPO amid AI spending and Starlink focus
SpaceX will publish its first quarterly earnings for Q2 2026 on August 11, covering key segments including AI and Starlink amid investor scrutiny.
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Meta to unwind $2 billion Manus acquisition after China regulatory block
Meta Platforms is reversing its $2 billion purchase of AI startup Manus after Chinese regulators ordered the deal unwound.
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US July inflation rises 0.1%, markets ease rate hike bets amid Middle East tensions
US consumer prices rose 0.1% in July, lowering September Fed rate hike odds to 40%, while oil prices stayed high on Middle East unrest.
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SpaceX Faces Stock Drop and Market Pressure Ahead of First Public Earnings Report
SpaceX’s shares fell nearly 20% from IPO price by July 31 as it prepares to release first public Q2 earnings on August 4.
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Aeon Mall Kumamoto staff re-entered building after evacuation before fatal explosion
Aeon Mall Kumamoto staff were allowed to re-enter after a July 28 earthquake evacuation before a blast killed seven employees.
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China's C919 completes first international commercial flight from Beijing to Ulaanbaatar
China's domestically produced C919 aircraft flew its first international commercial route from Beijing to Ulaanbaatar on August 12, 2026.
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S&P 500 and Nasdaq rise on CoreWeave earnings, mild US inflation data
The S&P 500 and Nasdaq gained on August 12, 2026, led by CoreWeave’s strong earnings and soft US inflation reports.
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Hong Kong's economy grows 4.3% year-on-year in Q2 2026, driven by trade and consumption
Hong Kong's economy expanded 4.3% year-on-year in Q2 2026, supported by strong external trade and steady domestic demand.
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China’s CXMT raises 57.9 billion yuan in Shanghai IPO, surges 466% on debut
ChangXin Memory Technologies raised 57.92 billion yuan in its Shanghai IPO, becoming China’s most valuable listed company as shares surged 466% on debut.
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Tokyo's core inflation rises 1.9% in July, boosting rate hike expectations for Bank of Japan
Tokyo's core consumer price index rose 1.9% year-on-year in July, exceeding forecasts and raising rate hike expectations for the Bank of Japan.
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Chinese yuan hits strongest level against US dollar since February 2023 in late July 2026
The Chinese yuan climbed to around 6.75 per US dollar at the end of July 2026, its highest since February 2023, amid signals from the People's Bank of China to moderate gains.
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Qualcomm to raise chip prices by double digits starting September 1 amid cost pressures
Qualcomm will increase chip prices by double-digit percentages beginning September 1 due to rising supply chain costs.
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BMW to cut 8,000 jobs globally by end of 2027 amid market challenges
BMW plans to reduce about 8,000 jobs, mainly in Germany, by the end of 2027 to lower costs amid electric vehicle losses and market pressure.
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Shein discloses FTC probe into U.S. business ahead of Hong Kong IPO
Shein revealed its U.S. operations are under Federal Trade Commission investigation, risking financial setbacks before its planned Hong Kong IPO.
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Incoming Apple CEO John Ternus vows to build on Apple TV's entertainment momentum
John Ternus, Apple’s incoming CEO, commits to expanding Apple TV’s original content and streaming growth after taking charge in September 2026.
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China’s COMAC C919 completes first scheduled international flight to Mongolia
China's COMAC C919 jet flew its first scheduled international commercial route from Beijing to Ulaanbaatar on August 12, 2026.
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OPEC+ to Pause Oil Production Increases After September Amid Iran Conflict Impact
OPEC+ will halt further oil production quota hikes after a 188,000 bpd rise in September 2026 due to supply risks from the Iran war.
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Origin Energy data breach exposes details of 900,000 customers
Origin Energy disclosed a data breach affecting about 900,000 current and former customers, including personal and partial financial information.
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Opec lowers 2026 global oil demand growth forecast amid Middle East supply disruptions
Opec cut its 2026 oil demand growth forecast to 580,000 b/d while the IEA predicts a 1.6 million b/d demand decline amid Middle East conflict disruptions.
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Chinese Biotech Surpasses AI as Top Emerging Market Growth Sector
Chinese biotech stocks surged as investors shifted away from AI amid tech sell-offs in July 2026.