Moonshot AI has informed its investors it will revamp its corporate structure to pave the way for an initial public offering in Hong Kong, aligning with Beijing’s tightened requirements for Chinese companies seeking an overseas debut. In an email sent to shareholders this week, Moonshot said it would begin dismantling its so-called red-chip structure, according to people familiar with the matter. ...
Moonshot AI has informed its investors it will revamp its corporate structure to pave the way for an initial public offering in Hong Kong, aligning with Beijing’s tightened requirements for Chinese companies seeking an overseas debut. In an email sent to shareholders this week, Moonshot said it would begin dismantling its so-called red-chip structure, according to people familiar with the matter. That particular setup follows a decades-old practice in which entities registered outside China hold assets and businesses within the country. The Beijing-based startup’s move reflects how Chinese officials are looking to strengthen oversight and simplify compliance following a flurry of IPOs in Hong Kong over the past year, partly to mitigate the risks of capital flight through such listings. Beijing is restricting red-chip firms from seeking IPOs in Hong Kong, and some companies have already been asked by the Chinese securities regulator to overhaul their structure before proceeding with listings in the city, Bloomberg News has reported . Chinese authorities are encouraging companies to reorganize under mainland incorporation instead. Read: China Clamps Down on Key Route to Hong Kong IPOs After Boom Moonshot AI raised about $2 billion in its latest funding round at a valuation of more than $20 billion, signaling growing appetite for Chinese startups rivaling Silicon Valley’s leaders. The overhaul for now won’t affect its access to US dollar-denominated funds, the people said. Its backers include prominent firms such as 5Y, IDG , HSG , Capital Today , ZhenFund , Alibaba Group Holding Ltd. and Tencent Holdings Ltd . The US dollar funds can keep their investments in Moonshot as the firm is planning to set up a joint venture structure that allows foreign backers, the people added. Representatives for Moonshot didn’t respond to a request for comment. 5Y declined to comment. Representatives from investors including IDG, HSG, Capital Today, ZhenFund, Alibaba and Tencent didn’t i...
(Bloomberg) -- Moonshot AI has informed its investors it will revamp its corporate structure to pave the way for an initial public offering in Hong Kong, aligning with Beijing’s tightened requirements for Chinese companies seeking an overseas debut. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks an...
(Bloomberg) -- Moonshot AI has informed its investors it will revamp its corporate structure to pave the way for an initial public offering in Hong Kong, aligning with Beijing’s tightened requirements for Chinese companies seeking an overseas debut. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapTrump Says Holding Off on New Iran Strikes After
Torsten Asmus/iStock via Getty Images The market environment has shifted repeatedly over the past year, driven by a combination of policy uncertainty, geopolitical developments, and changing financial conditions. Beginning in April 2025, amid heightened trade tensions, markets experienced notable volatility before settling into relatively calmer conditions after the U.S. Supreme Court overturned k...
Torsten Asmus/iStock via Getty Images The market environment has shifted repeatedly over the past year, driven by a combination of policy uncertainty, geopolitical developments, and changing financial conditions. Beginning in April 2025, amid heightened trade tensions, markets experienced notable volatility before settling into relatively calmer conditions after the U.S. Supreme Court overturned key elements of the administration's tariff framework. While this uncertainty left investors uneasy during the initial weeks of Trump's second administration, sentiment gradually improved as markets stabilized through the first two months of 2026. That calm was tested on February 28, when renewed conflict in the Middle East reintroduced geopolitical risk and reignited market volatility. As is often the case during periods of heightened uncertainty, these developments prompted concerns about inflation, economic growth, and the durability of the expansion. History suggests that while such episodes can be unsettling, they are rarely rewarded by abandoning long-term investment plans. Periods of volatility have consistently tested investor discipline—but they have also reinforced the value of staying invested. Navigating the current economic landscape Assessing the economic impact of renewed conflict in the Middle East remains challenging, particularly given its implications for global supply chains and energy markets. As long as the Strait of Hormuz remains closed, oil prices are likely to remain elevated. Beyond energy, other commodities critical to global growth move through the strait, including roughly 60% of global limestone flux used in construction, cement, and infrastructure, 50% of sulfur, 23% of nitrogenous fertilizer, and 30% of global helium supply. The latter is especially noteworthy, as helium is a key component of semiconductor manufacturing, an industry that represents a meaningful concentration within major equity indices. Despite these pressures, the U.S. econo...
LONDON and PHILADELPHIA, May 19, 2026 (GLOBE NEWSWIRE) -- Avacta Therapeutics (AIM: AVCT, “the Company”, “Avacta”), a clinical stage biopharmaceutical company developing pre|CISION, a tumor-activated oncology delivery platform today published its unaudited preliminary results for the 12 months ended December 31, 2025 ("FY25").
LONDON and PHILADELPHIA, May 19, 2026 (GLOBE NEWSWIRE) -- Avacta Therapeutics (AIM: AVCT, “the Company”, “Avacta”), a clinical stage biopharmaceutical company developing pre|CISION, a tumor-activated oncology delivery platform today published its unaudited preliminary results for the 12 months ended December 31, 2025 ("FY25").
Stellantis ( STLA ) Tuesday announced the launch of its small and affordable E-Car project; the first E-Cars are expected to roll off the production line in 2028. The “E” in E-Car stands for European, emotion, electric and environmental friendliness. This high potential segment, to be produced in Europe for Europeans, "has been recognized by the European Commission for its potential to boost Europ...
Stellantis ( STLA ) Tuesday announced the launch of its small and affordable E-Car project; the first E-Cars are expected to roll off the production line in 2028. The “E” in E-Car stands for European, emotion, electric and environmental friendliness. This high potential segment, to be produced in Europe for Europeans, "has been recognized by the European Commission for its potential to boost European design and manufacturing jobs," the company said . With the assignment of the E-Car to Pomigliano – and the potential of significant production volumes – Stellantis is tapping into the plant’s long history of producing some of Europe’s most iconic and affordable cars, including the much-loved Fiat Panda. More on Stellantis Stellantis: A EUR130M Bet To Rebuild After A EUR22B Wreck (Rating Upgrade) Stellantis N.V. (STLA) Q1 2026 Earnings Call Transcript Stellantis N.V. 2026 Q1 - Results - Earnings Call Presentation Stellantis, Dongfeng to co-produce Jeep and Peugeot vehicles in China for global markets FDIC approval clears path for Stellantis' banking ambitions
Asian equities traded on a mixed and highly volatile note on Tuesday as investors weighed a potential geopolitical reprieve against persistent inflation worries. Sentiment found temporary relief after U.S. President Donald Trump announced on social media that he had postponed a planned military strike on Tehran. However, the temporary de-escalation failed to spark a broad rally, as a selloff in ma...
Asian equities traded on a mixed and highly volatile note on Tuesday as investors weighed a potential geopolitical reprieve against persistent inflation worries. Sentiment found temporary relief after U.S. President Donald Trump announced on social media that he had postponed a planned military strike on Tehran. However, the temporary de-escalation failed to spark a broad rally, as a selloff in major tech heavyweights dragged down indexes in Japan and South Korea despite the diplomatic breakthrough. Gold prices slipped below $4,550 an ounce. WTI crude futures slipped toward $102 per barrel. The benchmark KOSPI fell more than 3% to around 7,270. Japan's ( NKY:IND ) fell 0.51% to below 60,500, while the broader Topix Index gained 0.4% to 3,842. The Japanese yen weakened toward 159 per dollar. Data showed Japan’s economy expanded 0.5% quarter-on-quarter in the first quarter, accelerating from 0.2% in Q4, beating market forecasts of 0.4%, and recording its fastest pace of growth since Q3 2024. Japan’s industrial production dropped 0.4% mom in March 2026, compared with the flash figure of a 0.5% decline. China's ( SHCOMP ) rose 0.14% to 4,115, while the Shenzhen Component dropped 0.8% to 15,402. On the monetary policy front, investors will be anticipating Wednesday's decision on the one-year and five-year loan prime rates, which are expected to remain at 3% and 3.5%, respectively. Hong Kong ( HSI ) rose 0.06% to 25,760, rebounding from the previous session. India ( SENSEX ) rose 0.55% to 75,589, following gains in the previous session. Australia ( AS51 ) rose 0.98% to 8,594 in morning trade, reversing losses in the prior two sessions. The Australian dollar slipped to around $0.71, reversing gains from the previous session. Policymakers in Australia remained concerned about persistently high inflation, which had already been running well above target before the Middle East conflict began, minutes from the Reserve Bank's May meeting showed. On the economic front, Australia...
(RTTNews) - Canfor Corp. (CFP.TO), a Canadian integrated forest products company, said on Tuesday that its 77 percent-owned subsidiary, Vida AB, will permanently shut down its sawmill operations in Urshult and Orrefors, Sweden.
(RTTNews) - Canfor Corp. (CFP.TO), a Canadian integrated forest products company, said on Tuesday that its 77 percent-owned subsidiary, Vida AB, will permanently shut down its sawmill operations in Urshult and Orrefors, Sweden.
Rising geopolitical tensions with China have sharpened focus on the risk of a potential blockade of Taiwan. Such a move could severely disrupt Taiwan Semiconductor Manufacturing’s chip production and shipments for key clients including Nvidia, AMD, Broadcom, and Apple. Investors are assessing how a prolonged disruption could affect global supply chains in technology, autos, and energy, while possi...
Rising geopolitical tensions with China have sharpened focus on the risk of a potential blockade of Taiwan. Such a move could severely disrupt Taiwan Semiconductor Manufacturing’s chip production and shipments for key clients including Nvidia, AMD, Broadcom, and Apple. Investors are assessing how a prolonged disruption could affect global supply chains in technology, autos, and energy, while possibly shifting demand toward non Taiwanese chipmakers and shipping companies. Taiwan...
In ancient China, summer heat could be deadly long before the advent of air conditioning. To survive it, people resorted to remedies ranging from imperial ice sculptures and water-powered fans to the more carefree practice of dressing minimally. One of the most devastating examples occurred during the reign of Emperor Qianlong in the Qing dynasty (1644–1912), when an extreme heatwave swept across ...
In ancient China, summer heat could be deadly long before the advent of air conditioning. To survive it, people resorted to remedies ranging from imperial ice sculptures and water-powered fans to the more carefree practice of dressing minimally. One of the most devastating examples occurred during the reign of Emperor Qianlong in the Qing dynasty (1644–1912), when an extreme heatwave swept across northern China. Lacking modern weather stations, officials documented the disaster through...
Apple, ticker NasdaqGS:AAPL, is preparing a major Siri overhaul for iOS 27 that uses new AI capabilities and tighter privacy controls. The update is set to integrate Google Gemini AI within Apple’s ecosystem while emphasizing user control and automatic data minimization. This move marks a shift in how Apple approaches AI partnerships, virtual assistants and on-device privacy. For Apple, the compan...
Apple, ticker NasdaqGS:AAPL, is preparing a major Siri overhaul for iOS 27 that uses new AI capabilities and tighter privacy controls. The update is set to integrate Google Gemini AI within Apple’s ecosystem while emphasizing user control and automatic data minimization. This move marks a shift in how Apple approaches AI partnerships, virtual assistants and on-device privacy. For Apple, the company behind the iPhone, iPad and Mac, this kind of AI refresh is about more than a new software...
RistoArnaudov The unemployment rate in the UK increased to % in March from 4.90% in February of 2026, above estimates of 4.9%. The UK unemployment rate for people aged 16 years and over was estimated at 5.0% in January to March 2026. This is up 0.5 percentage points on the year but down 0.2 percentage points on the latest quarter. There were an estimated 23,000 working days lost because of labour ...
RistoArnaudov The unemployment rate in the UK increased to % in March from 4.90% in February of 2026, above estimates of 4.9%. The UK unemployment rate for people aged 16 years and over was estimated at 5.0% in January to March 2026. This is up 0.5 percentage points on the year but down 0.2 percentage points on the latest quarter. There were an estimated 23,000 working days lost because of labour disputes across the UK in March 2026. More on UK EUR/USD, GBP/USD And Dollar Index Overview - The U.S. Dollar Rallies Back After CPI, Is The Correction Over? GBP/USD Potential Bullish Reversal Above 20-Day Moving Average GBP/USD Potential Trade Setups: Two Opportunities On The Bullish Retest And Breakout Play Europe equities retreat as Iran tensions fuel inflation worries U.K. is said to near free trade agreement with Gulf states
Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking and digital businesses, with Hong Kong at the centre of its growth story, according to global CEO Bill Winters. Investors welcomed the plan, lifting the lender’s shares 2.5 per cent to HK$201.60 in Tuesday’s morning session, outperforming the benchmark Hang Seng Index, which rose 0.4 per...
Standard Chartered has raised its 2030 earnings target to 18 per cent by expanding wealth, cross-border banking and digital businesses, with Hong Kong at the centre of its growth story, according to global CEO Bill Winters. Investors welcomed the plan, lifting the lender’s shares 2.5 per cent to HK$201.60 in Tuesday’s morning session, outperforming the benchmark Hang Seng Index, which rose 0.4 per cent. The London-headquartered lender, which focuses on emerging markets in Asia, the Middle East...