Third Point Sees Room for Apple Stock Price to Climb, Letter Says

NEW YORK, Aug 23 Reuters Billionaire hedge fund manager Daniel Loeb sees room for Apple39;s stock price to climb, especially if the technology company successfully harnesses artificial intelligence for its iOS mobile operating system. Despite the stocks recent strong appreciation, we see room for significant upside ahead as the magnitude of this new AI opportunity surprises, […]
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Chinese Smartphone Maker Honor Gets Investment from China Mobile

BEIJING, Aug 23 Reuters Chinese smartphone maker Honor said on Friday it has received an undisclosed amount of investment from China Mobile39;s parent company, as the former Huawei HWT.UL unit gears up towards an initial public offering IPO. Honor has been receiving an unusually high level of support from southern China39;s Shenzhen government, including funding for […]
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Chinas Robot Makers Chase Tesla to Deliver Humanoid Workers

Nearly 30 Chinese companies showed off models in Beijing this week China has called for mass production of humanoid robots by 2025 Tesla plans to deploy 1,000 Optimus robots in factories next year BEIJING, Aug 23 Reuters China dominates the market for electric vehicles. Now it39;s chasing Tesla in the race to build batterypowered humanoids expected to replace […]
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Walmarts Exit Raises Questions about JD.coms Future

SHANGHAIBeijing, Aug 23 Reuters Ecommerce retailer JD.com needs to convince investors of its relevance amid a stagnant Chinese ecommerce market, aggressive price war and now, the departure of Walmart, its biggest shareholder. Walmart announced this week a full exit from the Beijingbased ecommerce platform, selling off its 3.74 billion stake, which triggered a 10 slump in its share […]
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