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2025-12-11
15:01
CAAM: CN Nov NEV Sales Hike by 6.5% YoY

China's NEV sales reached 1.522 million units in November, up 4.3% MoM and 6.5% YoY, according to data released by the China Association of Automobile Manufacturers (CAAM).

Of which, new energy passenger vehicle sales in China were 1.425 million units, up 3.5% MoM and 3.9% YoY; while new energy commercial vehicle sales in China were 97,000 units, up 18.4% MoM and 70.6% YoY.
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14:49
CN Car Production & Sales Both Exceed 31M Units in 11M25

In November, China's monthly car production exceeded 3.5 million units for the first time and reached a new historical record, according to a CCTV report, which cited the latest data from the China Association of Automobile Manufacturers.

In 11M25, both car production and sales grew by over 10% YoY to 31 million units in China.
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10:17
CMSI Predicts Mild Econ Growth in US Next Yr; HK Bourse to Shift to Being Driven by Earnings Growth

On the back of factors such as the Fed's rate cuts and AI investments, the US economy is expected to maintain moderate growth next year, CMSI research report forecast, maintaining a strategic bullish stance on US stocks while advising caution on structural divergence and short-term risks in the first quarter.

As to the outlook for the Hong Kong bourse next year, the broker stated that Hong Kong stocks will shift from being driven by valuation recovery to being driven by earnings growth. Valuation expansion may subside, but liquidity remains loose, which will not be a drag. Against the backdrop of insufficient effective demand in China's economy, “new supply creates new demand”, which will becomea new driving force for the Hong Kong stock market.

CMSI's top stock recommendations for 1Q26 include: Alphabet (GOOGL.US), Meta (META.US), Netflix (NFLX.US), TENCENT (00700.HK), Alibaba (BABA.US), Bilibili (BILI.US), HANSOH PHARMA (03692.HK), KEYMED BIO-B (02162.HK), INNOVENT BIO (01801.HK), ABBISKO-B (02256.HK), MINDRAY BIO-MEDICAL (300760.SZ), SNIBE (300832.SZ), GEELY AUTO (00175.HK), BYD COMPANY (01211.HK), XPENG-W (09868.HK), UBTECH ROBOTICS (09880.HK), HORIZONROBOT-W (09660.HK), MINTH GROUP (00425.HK), POP MART (09992.HK), Atour (ATAT.US), Estee Lauder (EL.US), LI NING (02331.HK).
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09:53
Updated Efficacy Data of Ivonescimab Combined with Chemotherapy as First-Line Treatment for TNBC Presented at ESMO IO 2025

HONG KONG, Dec. 11, 2025 /PRNewswire/ -- Akeso, Inc. (9926.HK) ("Akeso" or the "Company") announced the presentation of a Phase II clinical study that included a longer-term efficacy data evaluating ivonescimab (a PD-1/VEGF bispecific antibody) combined with chemotherapy as a first-line treatment for locally advanced unresectable or metastatic triple-negative breast cancer (TNBC) at the 2025 European Society for Medical Oncology Immuno-Oncology Congress (ESMO IO) in London, UK.

Based on positive efficacy and safety profile, the ivonescimab combination therapy for first-line TNBC was previously included in the Breakthrough Therapy Designation (BTD) list by the Center for Drug Evaluation (CDE) of China's National Medical Products Administration (NMPA). Currently, the multicenter, randomized, double-blind Phase III clinical trial (HARMONi-BC1/AK112-308) for this indication is currently ongoing.

Preliminary results from this study were previously announced at the European Society for Medical Oncology (ESMO) Congress 2024 and the 2024 San Antonio Breast Cancer Symposium (SABCS). With the follow-up period now extended to 22.1 months, the study further validates the efficacy and safety profile of the ivonescimab regimen in first-line TNBC treatment.

As of July 15, 2025, a total of 36 patients with TNBC were enrolled. The median age was 55 years, 83.3% of patients had a PD-L1 combined positive score (CPS) <10, and 55.6% had received prior taxane-based neo/adjuvant therapy. As of the data cutoff, 35 patients had undergone at least one post-baseline tumor assessment and were included in the efficacy analysis set. The results showed that the ivonescimab combined with chemotherapy regimen demonstrated efficient tumor relief, disease control, and survival benefits in all PD-L1 subgroups of TNBC patients receiving first-line treatment. The key results are:

  • The objective response rate (ORR) for the overall population was 80.0%, the disease control rate (DCR) was 100.0%, and the median duration of response (mDOR) was 12.2 months; the median progression-free survival (mPFS) was 15.2 months, with a 12-month PFS rate of 56.3%.
  • In the CPS≥10 subgroup, the ORR was 83.3%, the DCR was 100%, the mDOR was 12.2 months; the mPFS was 15.9 months, with a 12-month PFS rate of 66.7%.
  • In the CPS<10 subgroup, the ORR was 79.3%, the DCR was 100%, the mDOR was 9.9 months; the mPFS was 13.04 months, with a 12-month PFS rate of 54.3%.
  • In the CPS≥1 subgroup, the ORR was 72.2%, the DCR was 100%, the mDOR was 12.2 months; the mPFS was 15.9 months, with a 12-month PFS rate of 63.8%.
  • Overall survival (OS) data is not yet mature.
  • Ivonescimab combined with chemotherapy as first-line treatment for TNBC demonstrated a good safety profile. No treatment-related adverse events (TRAEs) led to discontinuation or death in this study, and the most common TRAEs were mostly grade 1-2.

Forward-Looking Statement of Akeso, Inc.

This announcement by Akeso, Inc. (9926.HK, "Akeso") contains "forward-looking statements". These statements reflect the current beliefs and expectations of Akeso's management and are subject to significant risks and uncertainties. These statements are not intended to form the basis of any investment decision or any decision to purchase securities of Akeso. There can be no assurance that the drug candidate(s) indicated in this announcement or Akeso's other pipeline candidates will obtain the required regulatory approvals or achieve commercial success. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in P.R.China, the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Akeso's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of the Akeso's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

Akeso does not undertake any obligation to publicly revise these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

About Akeso

Akeso (HKEX: 9926.HK) is a leading biopharmaceutical company committed to the research, development, manufacturing and commercialization of the world's first or best-in-class innovative biological medicines. Founded in 2012, the company has created a unique integrated R&D innovation system with the comprehensive end-to-end drug development platform (ACE Platform) and bi-specific antibody drug development technology (Tetrabody) as the core, a GMP-compliant manufacturing system and a commercialization system with an advanced operation mode, and has gradually developed into a globally competitive biopharmaceutical company focused on innovative solutions. With fully integrated multi-functional platform, Akeso is internally working on a robust pipeline of over 50 innovative assets in the fields of cancer, autoimmune disease, inflammation, metabolic disease and other major diseases. Among them, 26 candidates have entered clinical trials (including 15 bispecific/multispecific antibodies and bispecific ADCs. Additionally, 7 new drugs are commercially available. Through efficient and breakthrough R&D innovation, Akeso always integrates superior global resources, develops the first-in-class and best-in-class new drugs, provides affordable therapeutic antibodies for patients worldwide, and continuously creates more commercial and social values to become a global leading biopharmaceutical enterprise.

For more information, please visit https://www.akesobio.com/en/about-us/corporate-profile/ and follow us on Linkedin.

 

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08:31
Oracle Post-mkt Stock Price Slumps 11%+, as 2FQ Rev. Rises 14% Below Estimate

Oracle (ORCL.US) shares slumped 11.5% in extended trading, at US$197.37. Other AI infrastructure stocks also subsided post-market, with CoreWeave (CRWV.US) down 3.4% to US$85.21, and NVIDIA (NVDA.US) down 1.3% to US$181.4.

The company announced that revenue for the second fiscal quarter ending in November rose 14% YoY to US$16.058 billion, falling short of the market expectation of US$16.21 billion. Quarterly net profit surged 95% YoY to US$6.135 billion, with quarterly EPS at US$2.14, adjusted to US$2.26, above the market expectation of US$1.64.
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07:06
CN Mkt Sees Handset Shipments Rise 8.7% YoY in Oct: CAICT

In October, the Chinese market saw handset shipments grow by 8.7% YoY to 32.267 million units, according to the China Academy of Information and Communications Technology (CAICT).

Among them, shipments of 5G phones amounted to 29.326 million units, up 9.7% YoY, representing 90.9% of the total mobile phone shipments during the same period.

China-made mobile phone shipments totaled 25.24 million units, up 7.6% YoY, comprising 78.2% of the total mobile phone shipments during the same period. Smartphone shipments also surged by 12.4% YoY to 31.356 million units, making up 97.2% of the total mobile phone shipments during the same period.
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2025-12-10
15:21
Netflix Faces Class Action Over Warner Bros. Discovery Asset Acquisition Deal

Netflix (NFLX.US)'s US$72 billion acquisition of Warner Bros. Discovery (WBD.US)'s assets will face a consumer class action, alleging that the proposed transaction may reduce choices for subscription streaming platforms in the US.

Some members of Congress have also questioned Netflix's acquisition proposal, anticipating that the deal will face strict scrutiny under US antitrust laws.

Moreover, Paramount Skydance (PSKY.US) launched a hostile takeover of Warner Bros. Discovery, offering an all-cash bid of US$30 per share, equivalent to a corporate value of US$108.4 billion.

Netflix issued a statement asserting that the lawsuit is baseless and merely a tactic by the plaintiffs' lawyers to exploit market attention on the deal.
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14:10
Amazon Adds USD35B Investment to Expand in India, Expected to Create 1M Jobs

Amazon (AMZN.US) announced plans to invest over USD35 billion in all its operations in India by 2030.

The funds will primarily be used to drive business expansion, AI-driven digital transformation, export growth, and support local employment.

It is expected that Amazon's investment will create 1 million direct, indirect, derivative, and seasonal job opportunities by 2030.
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10:42
IDC Predicts Apple to Capture 22% Mkt Shr of Global Foldable Smartphone Mkt Next Yr

The global foldable smartphone market is set to experience explosive growth next year, with a YoY increase of up to 30%, according to market research firm IDC's report. Apple (AAPL.US)'s first foldable phone, iPhone Fold, is expected to gain a 22% market share.

IDC forecasted that global shipments of foldable smartphones will reach 20.6 million units in 2025, up 10% YoY, while 2026 will become the true turning point for the market.
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10:31
Oaktree Capital Co-founder: Mkt Ignores Completely Unpredictable Demand Growth from AI

Howard Marks, Co-founder of Oaktree Capital, wrote in a blog warning that the market assumes a productivity boom from AI, yet overlooks issues such as millions of people becoming unemployed and who will purchase the additional goods produced.

He is concerned that a small group of billionaires living on the US East and West coasts, who are highly educated, are creating technologies that could lead to massive unemployment.

Some companies, in order not to fall behind in this 'winner-takes-all' AI arms race, are forced to take on 'aggressive' amounts of debt, Marks added.

Marks also believed that investors' current behavior has a 'speculative' nature, as the actual demand growth for AI technology is completely unpredictable. He suggested that it is too early to judge whether the current enthusiasm for AI is excessive, and it will take years to determine if the craze is rational.
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