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Michael Burry, the investor known as the 'Big Short', said Alibaba is overvalued and has sold his entire Alibaba (BABA.N) stake, reallocating into JD.com (JD.O). He had planned to repurchase most Alibaba shares in one to two months but has changed pl

2026-08-24

Michael Burry, the investor known as the 'Big Short', said Alibaba is overvalued and has sold his entire Alibaba (BABA.N) stake, reallocating into JD.com (JD.O). He had planned to repurchase most Alibaba shares in one to two months but has changed plans; he said he will not be interested unless Alibaba's share price falls by about 50%. Burry also said he does not support Alibaba's rights issue to raise roughly HKD80 billion to fund AI investment.

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2026-08-23

Shangwei New Materials said on Aug. 23 it opened pre-orders for consumer robots Qiyuan Q1 and Qiyuan T1 via its official mini-program, Tmall, Douyin and Bilibili stores and offline experience events; first-batch shipments are expected as early as Sep

Shangwei New Materials said on Aug. 23 it opened pre-orders for consumer robots Qiyuan Q1 and Qiyuan T1 via its official mini-program, Tmall, Douyin and Bilibili stores and offline experience events; first-batch shipments are expected as early as September. The company previously signed with Lens Technology’s Lens Intelligent Robotics to establish an initial ~10,000‑unit production line. It has also reached strategic production-line cooperation with Wolong Electric Drive for core components.
2026-08-23

Ukrainian President Zelensky: It is expected that by 2026, the territory occupied by Russia will be equal to the territory liberated by Ukraine.

Ukrainian President Zelensky: It is expected that by 2026, the territory occupied by Russia will be equal to the territory liberated by Ukraine.
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