China launched 26 low-Earth-orbit satellites for a satellite internet constellation today from the Hainan commercial spaceport aboard a Long March-8A rocket; all satellites reached their planned orbits and the mission was declared successful.

SC crude main contract rose 4.00% intraday to 723.50 yuan/barrel.

Alibaba is accelerating data‑center expansion in Europe and the Middle East as part of a 20 GW global infrastructure buildout, top executive Li Feifei said at the Yunqi conference in Hangzhou on Wednesday. The company plans to open initial cloud regions in Turkey, Finland and the Netherlands within 12 months and will expand data‑center capacity in Malaysia, Germany, the UAE, France and Hong Kong. Alibaba’s cloud footprint runs from Japan through Southeast Asia to the Middle East; it recently opened facilities in Brazil and France to deliver generative AI services to local enterprises.