Forward Industries Inc. (NASDAQ: FORD) filed an automatic shelf registration for $4 billion at-the-market equity program to strengthen its balance sheet and expand its Solana token strategy.
Alibaba secures China Unicom as major client for AI chips amid Beijing's push for domestic alternatives. SMIC begins trial runs of advanced lithography machine.
Chinese tech stocks rallied as bets on AI lift sentiment. Alibaba, Baidu, JD, PDD, NIO, Li Auto, and XPeng stocks all rose, showing renewed confidence in China's tech and EV sectors.