Alibaba backs AI video startup ShengShu with $293M. Valuation undisclosed, but growth is tenfold. Cloud division leads.
WDAY drops 6.5% on AI disruption fears. Down 45.7% YTD, it's 59% off its high.
China's PPI jumps 0.5% on oil costs, ending 41-month slide. CPI slows to 1%. Growth vs. inflation dilemma looms.
China’s PPI rose 0.5% y/y in March, ending a multi-year deflation streak as oil prices surged, while CPI slowed to 1.0%. The data highlights rising input costs and weak demand, signalling a shift to “bad inflation” and a more complex policy outlook.
TEAM drops 8.1% on AI disruption fears; down 62% YTD, trading 74% below its 52-week high.
MDB drops 7.1% on AI agent fears; down 41.9% YTD, trading 47.3% below its 52-week high.
GE Vernova's $135B backlog is strong, but high P/E (51x) & P/B (22x) signal rich valuation.
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