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Luo Yonghao ventures into AI operating systems with new startup initiative

Luo Yonghao, founder of Smartisan Technology, is shifting focus to AI operating systems through his AR company, The Thin Red Line, which he established in 2022. He has recruited Wang Wenjun, a former chief architect at Xiaomi, to enhance AI OS development, potentially integrating it with AI-driven hardware like smartphones. The startup has already secured $50 million in angel investments from notable backers, including Meituan Long-Z Investments and DJI.

Alibaba Q4 2024 earnings report to impact Chinese economy and market outlook

Alibaba is set to report its Q4 2024 earnings on February 12, with expectations of $39.15 billion in revenue and $2.75 EPS. The previous quarter's results highlighted tepid growth amid economic challenges in China, raising concerns about consumer spending and regulatory impacts. Analysts predict a potential share price increase to $120.35, contingent on the earnings report's performance.
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