Midea Group, ZTO Express to Join Hong Kong's Hang Seng Index
The change brings the number of members on the gauge to 85, and will take effect on June 9, according to its statement on Friday.
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Associated Press
35 minutes ago
- Associated Press
World's First Full-Link Smart Home Ecosystem Debuts in Guangzhou
GUANGZHOU, China, July 11, 2025 /PRNewswire/ -- On July 8, 2025, Heungkong Group and Tantron Group (TTG) co-hosted the Global Smart Ecosystem Summit (GSES) in Guangzhou, unveiling a historic leap for the smart home sector. The summit highlighted three industry-first breakthroughs: the world's inaugural interoperable, multi-protocol, and multi-scenario full-link smart ecosystem; unprecedented collaboration among 20+ global top-tier brands; and the launch of the Global Smart Ecosystem Initiative, a consensus-based framework endorsed by industry leaders. This milestone cements China's shift from follower to frontrunner in smart home innovation. Ending Silos: Universal Gateway Technology Breaks Compatibility Limits For years, fragmented standards and protocol incompatibility have stifled smart home innovation. Heungkong Group, TTG, and global giants—including Switzerland's V-ZUG, Germany's Gaggenau, and Japan's Panasonic—have now broken the deadlock with their Universal Gateway technology. The solution bridges Matter, PLC, and Zigbee protocols, enabling real-time, cross-brand device synchronization. TTG founder Yao Minghai compared the system to a 'polyglot translator', allowing devices that 'speak different languages' to work seamlessly together. Tan Jianrong of the Chinese Academy of Engineering called the shift from single-device intelligence to full-link ecosystem intelligence a 'transformative leap"—paralleling the evolution from feature phones to smartphones. Heungkong No.1: World's First Ecosystem Demonstration Project Launches The Heungkong No.1 project has established three industry-firsts: cross-brand scenario-level device integration; full-lifecycle smart home service platform; and deep AI self-learning integration into home ecosystems. This innovation sets a new global standard for smart living. Mei Hing Chak, Chairwoman of Heungkong Group, stated, 'We've combined German Industrie 4.0 precision, Swiss craftsmanship, and Chinese innovation to create a new future for smart living.' Xu Xiaojian from Gaggenau announced the brand's first-ever full-link ecosystem integration, with dual support for Matter and Heungkong No.1 protocols. Driving Global Standards: China's Vision Gains International Backing The summit achieved unprecedented global alignment: Yves Leterme, former Belgian Prime Minister and Honorary Dean of Heungkong No.1 Future Life Art Institute, publicly endorsed the initiative; V-ZUG launched weekly technical exchanges with Chinese partners—a first for the Swiss manufacturer; while ASKO celebrated the collaboration as " Nordic engineering meets next-generation Chinese platform design ". More than 20 heritage brands—including Gaggenau, V-ZUG, ASKO, and Panasonic—jointly unveiled the Global Joint Initiative on Full-Link Smart Home Ecosystems. The China-proposed framework establishes 10 principles addressing interoperability, user data ownership, and sustainable technology. Professor Jin Sheng, AI ethics authority, highlighted its integration of 'transparency, controllability, and explainability"—calling it 'essential for ethical AI advancement.' In a virtual keynote, former Croatian President Kolinda Grabar-Kitarović noted, 'Heungkong No.1 proves true progress isn't about technology alone, but humanity's wisdom in wielding it—not merely a market opportunity, but the evolution of civilization.' View original content: SOURCE Heungkong Group
Yahoo
an hour ago
- Yahoo
Veteran trader and analysts turn heads with new Nvidia stock price targets
Veteran trader and analysts turn heads with new Nvidia stock price targets originally appeared on TheStreet. Jensen Huang has places to go and people to meet. The co-founder and CEO of Nvidia () is heading to Beijing, where he will meet with senior Chinese officials, including the commerce minister, at the International Supply Chain Expo, Bloomberg reported, 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 The conference, which runs July 16-20, is one of the Chinese government's signature events. It has featured such tech superstars as Apple CEO Tim Cook. The AI-chip superpower's market cap has been on a roll touching $4 trillion on July 9. "How Huang comes out of this meeting will be key," TheStreet Pro's Stephen Guilfoyle said in a recent column. "So will be what comes of the continued negotiations between Washington and Beijing that come with their August 12 deadline of their own." China, initially singled out with tariffs exceeding 100%, has until that date to reach an agreement with the White House to keep President Donald Trump from reinstating additional import curbs he'd imposed during tit-for-tat tariff exchanges in April and May, Reuters reported. Huang has consistently argued against US restrictions on the sale of advanced semiconductors to China, citing the strategic and economic importance of accessing the world's largest semiconductor market. In May, for example, Huang said that U.S. chip export controls are a 'failure' and warned that the restrictions are doing more damage to American business than to China. More Nvidia: Analysts revamp forecast for Nvidia-backed AI stock Nvidia stock could surge after surprising Taiwan Semi news Nvidia CEO sends blunt 7-word message on quantum computing Huang told lawmakers in Washington in April that China was quickly gaining ground on the U.S. in artificial intelligence. 'China is right behind us,' Huang said. 'We are very close. Remember this is a long-term, infinite race.' He pointed to the Chinese tech company Huawei, which reportedly is developing its own advanced chip to rival Nvidia. 'They're incredible in computing and network technology, all these essential capabilities to advance AI,' Huang said. 'They have made enormous progress in the last several years.' And he told CNBC's Jim Cramer that it's necessary to export his company's artificial intelligence technology to China, saying trade with the country was vital if the U.S. wanted to be a global leader in AI. 'We want every developer in the world to prefer the American technology stacks,' Huang said. Once that happens, he said, 'American technology stacks will run AI the best all over the world.' Huang told Cramer that 'we understand the technology best, and we understand how computing works.' 'We understand how AI works, and we've been in China for 30 years, and so this is an area that we have a lot of, a lot of expertise, and we're going to continue to share that," he said. Separately, Chinese firms are looking to install more than 115,000 Nvidia AI chips in about three-dozen data centers across the country's western deserts, Bloomberg reported. Operators in Xinjiang intend to house most of those processors in a single compound. While the complex would still be dwarfed by the scale of AI infrastructure in the US, it would significantly boost China's computing power. Chinese AI labs intend to deploy Nvidia's flagship H100 and H200 GPUs, which are sourced primarily from third-party shares are up nearly 22% this year and up 21% from this time in 2024. TheStreet Pro's Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, told readers that his $165 target price has essentially been met and will likely be surpassed this week. He boosted his target to $175. Goldman Sachs analyst James Schneider kicked off coverage of Nvidia on July 10 with a buy rating and $185 price target, according to The Fly. The analyst initiated the U.S. digital semiconductor and electronic design automation software group, saying the investment firm is most constructive on merchant silicon and electronic design automation vendors tied to AI-related capital spending. The AI-investment cycle is in transition but can sustain growth from current levels, Schneider said. On July 7, Citi analyst Atif Malik boosted the firm's price target on Nvidia to $190 from $180 and maintained a buy rating on the shares. The analyst cited the company's expanded total addressable market in AI for the target-price increase. Citi said that it now assumed the addressable market in 2028 for data-center semiconductors in AI to reach $563 billion, 13% above its prior expectation of $500 billion. The increase is attributable in part to higher-than-expected sovereign AI demand, Malik said, referring to nations' increasing need to develop and control their own artificial intelligence capabilitiesVeteran trader and analysts turn heads with new Nvidia stock price targets first appeared on TheStreet on Jul 10, 2025 This story was originally reported by TheStreet on Jul 10, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
World's First Full-Link Smart Home Ecosystem Debuts in Guangzhou
GUANGZHOU, China, July 11, 2025 /PRNewswire/ -- On July 8, 2025, Heungkong Group and Tantron Group (TTG) co-hosted the Global Smart Ecosystem Summit (GSES) in Guangzhou, unveiling a historic leap for the smart home sector. The summit highlighted three industry-first breakthroughs: the world's inaugural interoperable, multi-protocol, and multi-scenario full-link smart ecosystem; unprecedented collaboration among 20+ global top-tier brands; and the launch of the Global Smart Ecosystem Initiative, a consensus-based framework endorsed by industry leaders. This milestone cements China's shift from follower to frontrunner in smart home innovation. Ending Silos: Universal Gateway Technology Breaks Compatibility LimitsFor years, fragmented standards and protocol incompatibility have stifled smart home innovation. Heungkong Group, TTG, and global giants—including Switzerland's V-ZUG, Germany's Gaggenau, and Japan's Panasonic—have now broken the deadlock with their Universal Gateway technology. The solution bridges Matter, PLC, and Zigbee protocols, enabling real-time, cross-brand device synchronization. TTG founder Yao Minghai compared the system to a "polyglot translator", allowing devices that "speak different languages" to work seamlessly together. Tan Jianrong of the Chinese Academy of Engineering called the shift from single-device intelligence to full-link ecosystem intelligence a "transformative leap"—paralleling the evolution from feature phones to smartphones. Heungkong No.1: World's First Ecosystem Demonstration Project LaunchesThe Heungkong No.1 project has established three industry-firsts: cross-brand scenario-level device integration; full-lifecycle smart home service platform; and deep AI self-learning integration into home ecosystems. This innovation sets a new global standard for smart living. Mei Hing Chak, Chairwoman of Heungkong Group, stated, "We've combined German Industrie 4.0 precision, Swiss craftsmanship, and Chinese innovation to create a new future for smart living." Xu Xiaojian from Gaggenau announced the brand's first-ever full-link ecosystem integration, with dual support for Matter and Heungkong No.1 protocols. Driving Global Standards: China's Vision Gains International BackingThe summit achieved unprecedented global alignment: Yves Leterme, former Belgian Prime Minister and Honorary Dean of Heungkong No.1 Future Life Art Institute, publicly endorsed the initiative; V-ZUG launched weekly technical exchanges with Chinese partners—a first for the Swiss manufacturer; while ASKO celebrated the collaboration as " Nordic engineering meets next-generation Chinese platform design ". More than 20 heritage brands—including Gaggenau, V-ZUG, ASKO, and Panasonic—jointly unveiled the Global Joint Initiative on Full-Link Smart Home Ecosystems. The China-proposed framework establishes 10 principles addressing interoperability, user data ownership, and sustainable technology. Professor Jin Sheng, AI ethics authority, highlighted its integration of "transparency, controllability, and explainability"—calling it "essential for ethical AI advancement." In a virtual keynote, former Croatian President Kolinda Grabar-Kitarović noted, "Heungkong No.1 proves true progress isn't about technology alone, but humanity's wisdom in wielding it—not merely a market opportunity, but the evolution of civilization." View original content: SOURCE Heungkong Group
