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Alibaba's Joe Tsai and Eddie Wu Letter: AI Business Enters Commercialization, Projecting 30 Billion Annual Revenue

CSC Financial: AI and Domestic Substitution Drive SMIC Performance, Maintain Buy Rating

JD Announces Operation of National First Embodied AI Data Collection Community in Suqian

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Alibaba Cloud Opens Bailian Platform and Launches New Models with Moonshot and Minimax

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Shanghai Electronic Materials International Supply Chain Center Established on May 20, Co-owned by SMIC and Hua Hong Group

BYD's Fangchengbao Breaks 400,000 Sales Milestone, with T7 SUV Making Significant Contribution

Xiaomi-controlled company fined 1.67 million yuan for anti-money laundering violations

Chinese semiconductor stocks rise on reports of potential strike at Samsung Electronics

Alibaba Cloud Launches Qwen Cloud AI Agent Service Model

Alibaba Cloud Unveils New AI Model Qwen3.7-Max and AI Chip Zhenwu M890

Taobao Tmall Launches 2026 Hong Kong 618, Introduces Next-Day Delivery and Return Services

BYD Ranks Fifth on the 2026 Kantar BrandZ Top 10 Most Valuable Global Automotive Brands List

Alibaba Cloud Launches Qwen3.7-MaX with Significant Performance Boosts

Fliggy Launches Hotel Merchant AI Assistant, Over 110k Hotels Join with 70% Efficiency Boost

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After the United States and Iran reached a two-week temporary ceasefire agreement, global stock markets rebounded, with the FTSE Straits Times Index rising 0.77% to close at 4,996.05 points. The total trading volume was 2.2 billion shares, with a total transaction value of 2.7 billion. There were 481 advancing stocks and 178 declining stocks. The biggest gainers were New Horizon Group and Hongkong Land, which rose 4.49% and 4.16%, respectively. Asian stock markets generally rose, with the Seoul stock market soaring 6.87% and Tokyo rising 5.39%

Zaobao

FTSE Straits Times Index

STI ETF

The US-Iran ceasefire agreement boosts the stock market, with the Shanghai Composite Index closing up 0.77% | Lianhe Zaobao

The Singapore stock market opened higher on April 7, boosted by news of a temporary ceasefire in the Middle East war, with the Straits Times Index rising 1.23% to 5019.15 points. The trading volume reached 213.24 million shares, with a turnover of SGD 314.84 million. There were 217 stocks that rose and 47 stocks that fell, with almost all components of the index in the green, and Hongkong Land seeing the largest increase at 5.04%

The local stock market opened higher on Wednesday, returning above 5000 points | Lianhe Zaobao

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On March 27, Keppel and Simba Telecom extended the long-stop date for their proposed M1 deal to May 21, with regulatory reviews ongoing. Keppel's shares fell 1.5% to S$12.27. Shangri-La Asia reported a net profit of US$112.3 million for 2025, down 30.4% due to a one-off impairment loss and a decline in property gains, with shares closing flat at HK$5.

Businesstimes News

GuocoLand

Keppel

SHANGRI-LA ASIA

Stocks to watch: Keppel, Shangri-La Asia, GuocoLand

Airwallex reports a 107% revenue increase in Singapore for 2025, marking the second consecutive year of doubling growth. Transaction volume rose by 93%, and headcount increased by 62% as Singapore became one of its global headquarters. The company plans to expand its workforce by 70% by 2026, focusing on small and medium enterprises (SMEs) targeting international growth. Airwallex has made three acquisitions in the region and aims to enhance its product offerings, including AI solutions for financial management, to support its expanding customer base.

Singapore remains bright spot for Airwallex as revenue doubles in 2025: Apac GM

As of the end of last year, DBS Bank's sustainable financing amount reached 102 billion yuan, with a net growth of 14%. The bank also issued 41 billion yuan in sustainable development bonds and provided over 500 million yuan in loans in Singapore, Hong Kong, and India to support the decarbonization of small and medium-sized enterprises. Despite the substantial total financing amount, the proportion of transition financing is less than 1%. Meng Hao, the Director of Sustainability, pointed out that the standards for transition financing in the market are still being refined, and some financing has not been labeled as transition financing

DBS: As of the end of last year, provided sustainable financing of 102 billion yuan | Lianhe Zaobao

Shares of Hong Leong Asia (HLA) fell for the second consecutive day, dropping 7.9% to S$2.81, following a 10.3% decline the previous day, totaling a 17.4% drop. This decline occurred despite a reported 48.6% increase in net profit for the half-year ended Dec 31, 2025, and a 26.2% rise in revenue. The drop is attributed to concerns over the detainment of CYI's director by Chinese authorities for serious violations. Additionally, HLA's subsidiary has applied to list on the Hong Kong Stock Exchange.

Hong Leong Asia

Hong Leong Asia shares fall for second straight day despite strong H2 net profit