FirstFT: China’s tech giants miss out on AI stock market rally
Also in today’s newsletter: US Treasury secretary meets Japanese PM, and US inflation jumps to 3.8%
FT AI·
Tencent and Alibaba left behind as investors focus on pure AI plays
Read full articleAlso in today’s newsletter: US Treasury secretary meets Japanese PM, and US inflation jumps to 3.8%
The U.S. stock market is printing fresh highs again, but one of Wall Street’s best-known valuation gauges is flashing a far less comfortable message. This time, the warning is coming from the so-called “Warren Buffett Indicator,” which has climbed to its highest level on record as major indices keep pushing upward. Market Cap-to-GDP Gauge Surges […]
The post South Korea crypto holdings crash 50% as investors chase stocks appeared on BitcoinEthereumNews.com. South Korean investors cut their crypto holdings by more than half over the past year as capital moved toward the stock market. Summary South Korean crypto holdings dropped from $83.3 billion to $41.4 billion within a year. Trading volume on five major exchanges fell sharply as investors moved toward equities. New AML checks and a 2027 crypto tax may add pressure on local exchanges. Bank of Korea data submitted to Rep. Cha Gyu-geun showed holdings fell from 121.8 trillion won, or $83.3 billion, at the end of January 2025 to 60.6 trillion won, or $41.4 billion, by the end of February 2026. Daily trading volume also dropped across Upbit, Bithumb, Korbit, Coinone, and Gopax. The figure fell to about $3 billion in February from $11.6 billion in December 2024, showing lower activity among retail traders. Investors move toward stocks The decline came as Korean investors turned towar
South Korean crypto holdings fell to $41B as investors shifted to stocks, while tax and AML rules added fresh pressure.
South Korean crypto holdings fell from $83 billion to $41 billion in just over a year as investors shifted to stocks.
Alibaba's integration of Qwen AI with Taobao could redefine e-commerce by streamlining autonomous shopping, potentially reshaping consumer habits. The post Alibaba integrates Qwen AI with Taobao to launch agentic shopping appeared first on Crypto Briefing.
Chinese AI lab DeepSeek is in talks to raise its first venture capital round at a valuation that has climbed from $20 billion to $45 billion in weeks, according to the Financial Times and Bloomberg. The round is expected to be led by China Integrated Circuit Industry Investment Fund, with cloud giants Tencent and Alibaba […]
Value soars in ongoing fundraising discussions as investors including Tencent seek slice of AI lab