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Global markets faced turmoil last week due to new 25% US auto tariffs, raising stagflation concerns amid mixed earnings in Hong Kong. The Nasdaq 100 is testing critical support levels, while commodity prices surged, with oil nearing $70 per barrel and gold hitting $3,086. Key economic data, including China PMI and US employment figures, are anticipated this week.
The US and China are in a fierce competition to lead in humanoid robotics, with Tesla's Optimus project aiming for 5,000 units by 2025, while China's Agibot and Unitree Robotics have set the same target. Unitree's G1 humanoid, priced at $16,000, undercuts Tesla's estimated $20,000 for the Optimus Gen2. China's rapid advancements are highlighted by 5,688 humanoid robot patents filed in five years, significantly outpacing the US's 1,483, bolstered by government support and integration into factories by major companies.
The central bank has issued digital currency to seven banks, including Kookmin and Shinhan, as part of a pilot program. Meanwhile, Xiaomi plans to raise up to $5.27 billion through a share placement for business expansion and tech investment. In Japan, private equity firms are targeting the fragmented HR tech market, driven by low interest rates and a focus on governance, despite challenges from competition and global firms.
Patent applications from China reached a record high in 2024, with Huawei leading the charge, ranking second overall at the European Patent Office. Chinese firms filed 20,081 applications, accounting for 10.1% of the total, with significant growth in battery technology and electrical machinery. Notable companies include CATL, ZTE, Xiaomi, Vivo Mobile, and Tencent, reflecting China's strong innovation capabilities in key technological fields.
Goldman Sachs has downgraded Super Micro Computer (SMCI) to "sell," citing risks in the AI server market, increased competition, and low profit margins, with a new price target of $32. Meanwhile, AI startup Fyxer raised $10 million, and major tech firms like Tesla and AMD saw significant stock gains. Apple faces a 21% drop in iPhone shipments in China, while Microsoft and Salesforce are noted for their resilience amid potential software spending slowdowns.
Qiming Venture Partners is aiming to raise $800 million for a new fund, with a potential cap of $1 billion, amid increasing interest in AI startups in China. Founded in 2006, the firm has raised a total of $9.5 billion and has seen 12% of its nearly 580 portfolio companies go public.
Qiming Venture, a backer of Xiaomi, is set to invest $800 million into Chinese AI startups. This significant funding aims to bolster the growth of the AI sector in China, reflecting the increasing interest and potential in the technology landscape.
Financial markets stabilized last week as tariff concerns eased and major central banks held interest rates steady. The US faces challenges with elevated equity valuations, while the Hang Seng Index struggled to maintain momentum. Key economic indicators, including US Q4 GDP and PCE inflation data, are anticipated this week amid rising stagflation concerns.
Chinese AI startup Zhipu AI has secured a 300 million yuan (US$41.5 million) investment from a government-backed fund in Chengdu, part of a national initiative to enhance domestic AI capabilities. Founded in 2019, the company, valued at 20 billion yuan (US$2.77 billion) as of July 2024, plans to develop a regional AI model for Sichuan province and expand its infrastructure. However, Zhipu AI and its subsidiaries were added to the US export control list in January, limiting their access to US components.
Xiaomi Auto has achieved a significant milestone with 200,000 vehicle deliveries in under a year since its launch. In response to strong market demand, the company has increased its 2025 delivery target to 350,000 units, while enhancing production and advancing technologies in fast charging and autonomous driving.
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00:27 31.03.2025
us and china race for dominance in humanoid robotics development
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private equity firms target japan's fragmented hr tech market for growth
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14:51 25.03.2025
Qiming Venture Partners aims to raise 800 million amid AI boom
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Qiming Venture plans to invest 800 million in Chinese AI startups
17:14 24.03.2025
financial markets stabilize amid tariff easing and central bank rate decisions
02:38 24.03.2025
Chinese AI startup Zhipu AI secures 41.5 million from government fund
05:10 20.03.2025
Xiaomi Auto achieves 200000 deliveries and raises 2025 target to 350000
09:59 18.03.2025
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