HUARAZ, Peru, Feb. 2, 2026 /PRNewswire/ -- On January 20, a launch event for the newly completed broadband network was held in Peru's Ancash region, marking the project's completion and entry into operation. The national broadband project, undertaken by Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), is set to significantly enhance local digital infrastructure, bridge connectivity gaps, and support economic and social development.

Senior government officials, including Raúl García, Vice Minister of Transport and Communications of Peru, and Angelly Epifania, Vice Governor of the Ancash region, attended the ceremony alongside representatives from YOFC's Peru operations, local community members, and the project team. Together, they celebrated the completion of a major national connectivity initiative that is expected to deliver tangible benefits to local communities.

Six years ago, Raúl García, then representing the Peruvian government, signed a project agreement with YOFC at the Government Palace. After six years of implementation, YOFC has delivered a large-scale national broadband network, drawing on its technical expertise and proven delivery capabilities. The project underscores YOFC's commitment to fulfilling contractual obligations and achieving sustainable outcomes.

As a key component of Peru's digital infrastructure upgrade, the network spans four regions, connecting over 1,600 towns and more than one million people while reducing regional disparities in broadband access. To date, more than 9,000 kilometers of optical cable have been deployed and over 1,500 sites constructed, providing internet access to more than 4,000 public institutions—including schools, hospitals, police stations, and central plazas—and making high-quality digital services readily available to local communities.

The project also created substantial employment opportunities during construction, generating more than 5,000 jobs. By fostering knowledge sharing, technology transfer, and collaboration with local partners, it has supported the growth of related local industries.

As a global provider of optical communications solutions, YOFC's successful delivery of this project demonstrates its ability to execute complex international infrastructure projects and provide end-to-end solutions.

Looking ahead, YOFC will continue to deepen its global partnerships, maintaining a strong focus on building digital infrastructure worldwide. Leveraging its technological and industrial expertise, the company aims to expand fibre connectivity across global markets, help more countries and regions overcome digital infrastructure constraints, and contribute to a more inclusive, sustainable digital ecosystem while advancing global connectivity.

Oracle (ORCL.US) announced plans to raise between USD45 billion and USD50 billion this year through debt and equity sales to fund cloud infrastructure construction, aiming to meet contract demands from AMD (AMD.US), Meta (META.US), NVIDIA (NVDA.US), OpenAI, TikTok, and xAI.

Prior to this, investors had expressed concerns about whether large-scale investments in AI by tech companies like Oracle will yield returns. Oracle's stock price has plunged more than 50% from its historical peak on September 10, with a market cap wiping off by more than USD460 billion.
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GUANGZHOU, China, Feb. 1, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for January 2026.

In January 2026, XPENG delivered a total of 20,011 vehicles. These deliveries are expected to reduce life-cycle greenhouse gas emissions by more than 300,000 tons — equivalent to the carbon absorption of 4.94 million tree seedlings over 10 years.

The XPENG P7+ was launched simultaneously across 36 countries, and made its European launch at the 2026 Brussels Motor Show in January.

As of December 31, 2025, XPENG has expanded its global presence to 60 countries and regions. Its overseas sales network now encompasses 380 physical stores, representing a year-over-year growth of more than 150%, while its worldwide sales and service network has grown to a total of over 1,000 outlets.

About XPENG

XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts:

For Investor Enquiries:

IR Department
XPeng Inc.
Email: [email protected] 

Jenny Cai
Piacente Financial Communications
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: [email protected] 

For Media Enquiries:

PR Department
XPeng Inc.
Email: [email protected]

Several major US companies have announced a combined reduction of over 52,000 jobs, including Amazon (AMZN.US), UPS (UPS.US), Dow Chemical (DOW.US), NIKE (NKE.US), and Home Depot (HD.US), according to a report from the Financial Times.

Some of these companies stated the need to streamline organizational structures due to ongoing economic uncertainty and increasing pressure from AI investments. Analysts believe that discussions about layoffs have increased among companies, and their interest in using AI to reduce labor costs is growing.
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OpenAI is paving the way for an IPO in the fourth quarter of this year amidst escalating competition with rival Anthropic, the Wall Street Journal, citing people with the knowledge of the matter, reported.

OpenAI is having informal discussions with major Wall Street firms regarding its IPO plans and is expanding its financial team, sources divulged.

The company's executives privately expressed concerns that Anthropic may proceed with an IPO ahead of them, as Anthropic reportedly informed its financial partners of its openness to going public by the end of this year, having already talked with banks assisting in the IPO process.
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Tesla (TSLA.US) has been transitioning from an EV company to a physical AI company over the past few years, UBS issued a research report saying. However, its spending does not resemble that of an AI company.

Over the past 3 years, the Company's average capital expenditure was about US$10 billion annually, and it is expected to double to US$20 billion in 2026, pushing the Company into a cash burning mode. The broker anticipated a cash burn of US$6 billion in 2026, excluding a US$2 billion investment in xAI.

UBS raised its 2026/ 2027 EPS forecasts from US$1.74/ US$2.04 to US$1.93/ US$2.34 each, and elevated its target price from US$307 to US$352, with rating kept at Sell.
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Tesla (TSLA.US) has announced its 4Q25 results, showing that its revenue and non-GAAP net profit reached USD24.9 billion and USD1.76 billion, respectively, according to a CICC research report. The QoQ improvement in its 4Q25 gross margin made its results better than expected.

CICC has kept an Outperform rating on Tesla. Given its positive progress in AI transformation, the broker has also kept its target price at USD500, implying about 16% upside potential from the current stock price.
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Elon Musk's SpaceX is considering the possibility of merging with Tesla (TSLA.US), while also evaluating alternative integration with AI startup xAI, Bloomberg quoted sources as saying. Tesla's share price leaped 2.9% in after-hours trading session.

SpaceX has explored the feasibility of merging with the EV manufacturer Tesla, a concept driven by some investors, the report added. Sources stated that, any deal could attract significant interest from infrastructure funds and Middle Eastern sovereign wealth funds.
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Apple (AAPL.US)'s 1FQ results beat expectations with a YoY growth of 16% in revenue.

According to CFO Kevan Parekh, Apple estimates its revenue to increase by 13-16% YoY in 2FQ, equivalent to USD107.8-110.66 billion, compared to market expectations of USD104.84 billion.

That said, Apple also expects iPhone supply to be constrained in 2FQ. CEO Tim Cook explained that Apple is currently experiencing supply chain tensions, making it difficult to predict when supply and demand will reach equilibrium.

One of the limiting factors, as Cook stressed, is that Apple's processors require advanced chip manufacturing processes, and memory prices are likely to have a significant impact in 2FQ.
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Microsoft (MSFT.US) saw its stock price tumble by approximately 10% on Thursday following its earnings announcement, marking the deepest single-day downswing since March 2020. Microsoft's market cap shrank by about USD357 billion in one day, closing at USD3.2 trillion on Thursday.

The UBS analyst team questioned Microsoft's strategy of reserving computing power for AI products like Microsoft 365 Copilot, noting that the success of these products has not yet matched that of OpenAI's ChatGPT.

The revenue growth of Microsoft 365 has not accelerated due to Copilot, and various surveys show limited increase in Copilot usage. The AI model market is highly competitive and capital-intensive, UBS said, opining Microsoft needs to justify the rationale behind these investments.
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