3 April 2025 · ·
Founded in 2004, Luxshare Precision is considering a $2 billion to $3 billion IPO on the Hong Kong Stock Exchange by 2025. The company specializes in producing components for various industries including consumer electronics and automotive parts like iPhones and AirPods. This move follows an increasing trend of Chinese companies listing or re-listing in Hong Kong this year.
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3 April 2025 · ·
Circle, the global second-largest issuer of USDC stablecoins, has officially initiated its IPO process with plans to list on the NYSE under 'CRCL.US', aiming for a valuation up to $5 billion. Despite lower net profits in 2024 compared to previous years, it shows year-over-year growth trends and is expected to attract significant market attention due to its pivotal role in stablecoin issuance.
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3 April 2025 · ·
The United States experienced a robust first-quarter auto sales performance, with General Motors and other manufacturers benefiting before tariffs took effect. Despite President Trump's warnings against price hikes, analysts predict significant increases in vehicle prices to offset tariff impacts. This rush to purchase has also seen an increase in electric vehicles by 19.2%.
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3 April 2025 · ·
Large-scale layoffs are affecting multiple high-profile institutions under the Department of Health and Human Services, reducing its workforce from 82,000 to around 62,000. Key figures in public health oversight and research have been among those laid off, raising concerns about America's ability to handle future health emergencies.
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3 April 2025 · ·
Recently launched by OpenAI, a novel image generation tool enables users to create Studio Ghibli-style art via ChatGPT. This feature's popularity has surged, driving user numbers on the platform up and causing server overload issues that have temporarily restricted its use. Sam Altman expressed urgent need for GPU assistance, suggesting either a genuine capacity challenge or an April Fool’s joke given his timing; this could delay OpenAI’s new version release with some features experiencing outages.
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3 April 2025 · ·
A tragic accident involving a Xiaomi SU7 electric vehicle resulted in three deaths, sparking widespread concern about the safety of autonomous driving technology. Founder Lei Jun expressed his condolences and promised to take full responsibility for any issues related to the company's vehicles. The incident has led to increased scrutiny on potential battery explosions following collisions with these cars.
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3 April 2025 · ·
The Korea Meteorological Administration's warning about a potentially hotter summer led South Korean company Samsung to rush its air conditioner production. This move aims not only at capturing peak sales but also preparing for the expected increase in cooling demand due to climate change impacts. Additionally, Samsung plans to launch an AI-equipped smart air conditioner next year to enhance market competitiveness and energy efficiency.
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3 April 2025 · ·
Visa has made an offer of about $1 billion to Apple in a bid to replace Mastercard as the issuer for the Apple Card, joining American Express and Mastercard in this high-stakes competition. This strategic move aims at enhancing its position in digital payments while also vying over brand influence within the payment system behind Apple's popular card. The increased investments reflect growing demand for robust payment solutions among users of Apple’s ecosystem.
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3 April 2025 · ·
Bigfoot Entertainment's "Endless Dream Return" is a cross-platform ARPG action mobile game set to launch across several regions in Q2, featuring celebrity Lee Joo-eun as its spokesperson. The game offers immersive gameplay with ASMR voice systems and character intimacy features, blending Japanese art styles with fantasy themes for an engaging experience.
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3 April 2025 · ·
Consumers' rush to purchase before additional tariffs led major Japanese automakers like Toyota, Honda, and Nissan to see a surge in sales of hybrid vehicles (HV), particularly noted for their luxury models. This trend resulted from the anticipation that prices would rise due to proposed Trump administration tariffs, affecting Q1 2025 figures positively but causing shortages among HVs.
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