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Kong Stocks Close: Hang Seng Falls 1.89% as Optical Communication Stocks Plunge, Alibaba Drops 8% on $10.2B AI-Focused Share Placement","url":"https://stock-news.laohu8.com/highlight/detail?id=1175290817","media":"Stock News","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1175290817?lang=en_us&edition=fundamental","pubTime":"2026-08-24 16:41","pubTimestamp":1787560899,"startTime":"0","endTime":"0","summary":"Hong Kong's three major stock indices came under sustained selling pressure throughout Wednesday's session, with the Hang Seng Index losing the 26,000-point threshold and the Hang Seng Tech 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Chatter: Amazon's Zoox Launches Driverless Robotaxi Rides in San Francisco, Las Vegas","url":"https://stock-news.laohu8.com/highlight/detail?id=2661224887","media":"MT Newswires Live","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2661224887?lang=en_us&edition=fundamental","pubTime":"2026-08-24 16:41","pubTimestamp":1787560866,"startTime":"0","endTime":"0","summary":"Amazon's  Zoox has begun offering paid driverless robotaxi rides in San Francisco and Las Vegas, The Wall Street Journal reported Sunday.The all-electric taxis can carry up to four passengers and are designed to drive in either direction, the report said.US regulators last month have authorized Zoox to charge for rides in up to 5,000 vehicles over the next two years, with restrictions including limits on weather and road conditions, according to the report.Amazon did not immediately respond to MT Newswires' request for 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Chatter: Xiaomi Unveils Xring O3 Chip as It Expands In-House Semiconductor Push","url":"https://stock-news.laohu8.com/highlight/detail?id=2661522193","media":"MT Newswires Live","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2661522193?lang=en_us&edition=fundamental","pubTime":"2026-08-24 16:27","pubTimestamp":1787560077,"startTime":"0","endTime":"0","summary":"Xiaomi  unveiled its second-generation Xring smartphone processor, as the Chinese handset maker seeks greater control over key components and less reliance on external chip suppliers, Reuters reported on Monday.Taiwan Semiconductor Manufacturing  will manufacture the chip using its 3-nanometre process, the report said, citing people familiar with the matter.  The chip is expected to power Xiaomi's upcoming flagship foldable phone, with shipments targeted at 200,000 to 300,000 units, one source told the news outlet.Xiaomi's push into foldable phones puts it in competition with Huawei, which held a 68% share of China's foldable-phone market in the second quarter, Reuters reported citing Smart Analytics Global's data.Xiaomi and TSMC did not immediately respond to MT Newswires' requests for 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Prices Hong Kong Equity Placement; Shares Down Pre-Bell","url":"https://stock-news.laohu8.com/highlight/detail?id=2661635221","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2661635221?lang=en_us&edition=fundamental","pubTime":"2026-08-24 16:24","pubTimestamp":1787559879,"startTime":"0","endTime":"0","summary":"Alibaba Group  priced a placement 710 million new shares at 112.70 Hong Kong dollars  apiece in Hong Kong for about HK$80 billion in proceeds, the company said Sunday.The company expects the placement to close Wednesday and plans to use the net proceeds to invest in its full stack AI capabilities, it said.Alibaba shares were down 3.5% in premarket activity 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