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Alphabet Says No One Immune if AI Bubble Pops

Alphabet称:若AI泡沫破裂,没人能幸免

2025-11-19 浏览


The boss of Google parent Alphabet told the BBC that if the bubble in artificial intelligences bursts, no company in the industry will escape unscathed. Chief Executive Sundar Pichai described the growth of AI as an "extraordinary moment," while admitting that investment in the sector contains a degree of "irrationality." His comments come in a week when AI-related stocks are retreating, amid fears they are overvalued when compared with their short-term profit potential. The big tech companies have been pouring huge sums into AI technologies and forming a complicated web of industry deals, many involving significant debt. Alphabet alone has doubled investment in AI to US$90 billion. Its shares have doubled in value in seven months to US$3.5 trillion. Can Alphabet weather a bubble puncture? "I think no company is going to be immune, including us," Pichai said.  
来源: Shanghai Daily  



Xiaomi Beats Forecasts With Record Profit

小米利润创纪录,业绩超出预期

2025-11-19 浏览


Smartphone and electric car maker Xiaomi reported a record high profit of 11.3 billion yuan (US$1.6 billion) in the third quarter, up 81 percent from a year earlier and beating market forecasts by a large margin. The revenue rose 22 percent to 1.1 trillion yuan. The electric car business turned a profit for the first time, with income of 700 million yuan on delivery of 108,800 units. In the mobile segment, Xiaomi smartphones mobiles remained No. 3 in the world with a 13.6 percent market share, despite strong competition from other brands such as Apple iPhones. The company warned that smartphone prices will be rising next year as memory chip prices surge. Xiaomi's push into electric cars has suffered some setbacks over safety features after several high-profile crashes. Hong Kong shares of the company, once a market darling, have fallen nearly 30 percent since a September peak.  
来源: Shanghai Daily  



Xpeng to Launch 10 New Models

小鹏将推出10款新车型

2025-11-19 浏览


Chinese new-energy vehicle maker Xpeng will launch three extended range electric vehicle models four new hybrid vehicles and three models designed for foreign markets in the first quarter of 2026, Securities Times reported. The carmaker, which also has businesses in robotics and flying cars, this week reported its third-quarter loss narrowed from a year earlier to 380 million yuan (US$53.5 million) from 1.8 billion yuan a year earlier – the smallest loss in five years. Revenue doubled to 20.4 billion yuan on a 150 percent jump in vehicle deliveries.  
来源: Shanghai Daily  



US Increases Pressure on Venezuela

美国加大对委内瑞拉的施压

2025-11-18 浏览


The US ramped up its campaign against Venezuela by announcing the Cartel de Los Soles, which it alleges is run by President Nicolás Maduro and other high-ranking officials, will be designated a foreign terrorist organization this month. Secretary of State Marco Rubio said "neither Maduro nor his cronies represent Venezuela's legitimate government." The US has increased its military presence in the Caribbean offshore from Venezuela and has conducted strikes on 21 vessels it claimed were carrying illicit drugs. Washington contends Maduro won the last election by rigging the vote.  
来源: Shanghai Daily  



Ousted Bangladesh Leader Sentenced to Death

被罢免的孟加拉国领导人被判死刑

2025-11-18 浏览


Sheikh Hasina, the ousted Bangladesh prime minister now in exile in India, was sentenced to death in abstentia after the nation's domestic war crimes court found her guilty of crimes against humanity in the violent suppression of student protests last year that led to the collapse of her government. It held her responsible for inciting hundreds of extra-judicial killings carried out by law enforcement. Hasina, who ruled Bangladesh for 15 years, denounced the verdict in a statement issued in India.  
来源: Shanghai Daily  



Geely Auto Profit Jumps on Robust Sales

吉利汽车利润因强劲销量大幅增长

2025-11-18 浏览


Geely Automobile Holdings, one of the world's top 10 selling car brands, posted a 59 percent increase in third-quarter net profit from a year earlier to 3.9 billion yuan (US$549 million) on aggressive price discounting and surging sales of electric vehicles. Revenue rose 27 percent to 89.2 billion yuan, a quarterly new record for the company. Car deliveries surged 43 percent in the quarter, with electric vehicles accounting for 54 percent of sales in the first nine months of the year. The company manufactures and sells vehicles under the Geely, Lynk & Co and Zeekr brands. It holds a majority stake in Sweden's Volvo Cars and the Swedish electric car brand Polestar, and also owns 17 percent of Aston Martin. Founded by current owner Li Shufu, Geely began as a refrigerator-parts company in 1986, moved into motorcycles in 1994 and expanded into automobiles in 1997.  
来源: Shanghai Daily  



UN Says Israel Still Restricting Gaza Aid Flow

联合国称以色列仍在限制向加沙地区输送援助物资

2025-11-17 浏览


Israel is still restricting flow of aid into Gaza, an official with the UN Agency for Palestinian refugees said, estimating that only about half of the required 500-600 daily truckloads of aid are getting through. Agency Deputy Commissioner General Natalie Boucly cited a dire need for food, medicine, tents and other life-saving commodities, especially as winter approaches. The Trump-brokered ceasefire between Hamas and Israel that came into effect on October 10 requires resumption of unrestricted aid to the war-ravaged enclave.

Israeli Prime Minister Benjamin Netanyahu said on Sunday his government remains resolutely opposed to the creation of a Palestinian state, following release of a draft UN resolution backing President Donald Trump's Gaza peace plan, which includes a clause envisioning future conditions that might provide a pathway to Palestinian statehood.
 
来源: Shanghai Daily  



Washington Eyes Final Deal With China on Rare Earths

华盛顿寻求与中国达成稀土最终协议

2025-11-17 浏览


A final deal between China and the US on rare earths may be completed by the end of the month, US Treasury Secretary Scott Bessent said on Sunday. China has not yet responded to his latest comments. The two nations announced a framework accord last month in which Washington agreed not to impose 100 percent tariffs on Chinese imports and China agreed to suspend tighter restrictions on export licenses for rare earth minerals and industrial magnets. China is the world's largest refiner of rare earths needed in the manufacture of smart phones, electric cars, wind turbines, radar systems and other electronics products.  
来源: Shanghai Daily  



Alibaba Denies Report It's Helping China Military

阿里巴巴否认协助中国军方的报道

2025-11-17 浏览


Chinese tech and e-commerce giant Alibaba vehemently denied a Western media report that it provides technology assistance and customer data to the Chinese military for use against targets in the US. The Hangzhou-based company said, "The assertions and innuendos in the article are completely false" and a "malicious PR operation." The report appeared in the Financial Times, citing a White House memo.  
来源: Shanghai Daily  



Chinese President Hosts Royal Visitors This Week

中国国家主席本周接待皇室访客

2025-11-14 浏览


Xi Jinping met Spain's King Felipe VI in Beijing this week, the first visit by a Spanish monarch in 18 years. Xi expressed a desire for closer economic ties with Spain. "The world needs more constructive forces dedicated to peace and development," Xi told Felipe. "China stands ready to work hand-in-hand with Spain to build a comprehensive strategic partnership." China is Spain's largest trading partner outside the EU. Bilateral trade last year totaled US$50 million. Xi said he hoped Chinese and Spanish companies can work together to tap opportunities in Latin American markets. "The friendship between Spain and China undoubtedly benefits both peoples," Felipe said. "A relationship of trust has been forged.

In a week of royal visits, Thai King Maha Vajiralongkorn arrived in Beijing on Thursday, the first Thai reigning monarch to visit China. China is the largest market for Thailand, with exports last year valued at US$80 billion. The king is scheduled to meet with Xi and Premier Li Qiang.
 
来源: Shanghai Daily  



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