China Tech Stocks Seen as Better Bet Than Under-Fire U.S. Peers

(Bloomberg) — Chinese internet stocks will keep outperforming their U.S. counterparts in the months ahead as regulatory challenges to America’s technology giants mount in Washington and Brussels, according to some investors.

Their reasoning includes expectations that weakening the U.S. megacaps will help bolster the relative attractiveness of Chinese technology companies, which are continuing to invest in areas of growth. Meantime, the growing uncertainty over prospects for the U.S. sector could send buyers to their cheaper Chinese peers which are still being championed by the government in Beijing.

“The structural trend for China tech remains intact,” said Edward Lim, chief investment officer at Covenant Capital Pte. in Singapore. The sector trades on lower valuations and with higher growth prospects than the U.S. and it faces lesser regulatory risk from its own authorities, he added.



chart: Chinese tech shares have outperformed the Nasdaq this year


© Bloomberg
Chinese tech shares have outperformed the Nasdaq this year

The MSCI China Information Technology Index

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Inside Singapore’s huge bet on vertical farming

From the outside, VertiVegies looked like a handful of grubby shipping containers put side by side and drilled together. A couple of meters in height, they were propped up on a patch of concrete in one of Singapore’s nondescript suburbs. But once he was inside, Ankesh Shahra saw potential. Huge potential. 

Shahra, who wears his dark hair floppy and his expensive-looking shirts with their top button casually undone, had a lot of experience in the food industry. His grandfather had founded the Ruchi Group, a corporate powerhouse in India with offshoots in steel, real estate, and agriculture; his father had started Ruchi Soya, a $3 billion oilseed processor that had been Shahra’s training ground.

By the time Shahra was introduced to VertiVegies founder Veera Sekaran at a friend’s party in 2017, he was hungry to make his own entrepreneurial mark. A previous attempt had involved sourcing organic food from around

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Japan smartphone parts makers bet on miniaturization in 5G era

KYOTO — Electronic component makers in Asia and elsewhere are competing fiercely to supply manufacturers of the latest 5G smartphones. Japanese companies have solid market shares in 4G products and hope to maintain their lead over Chinese and South Korean rivals by honing their skills, especially in miniaturization.

“Given current chip-mounting technology, this is as small as it can get,” said Tsuneo Murata, chairman of Murata Manufacturing, showcasing the company’s new multilayer ceramic capacitor, a key smartphone component it has started making in large volumes.

In smartphones, MLCCs are used to store and discharge electricity to maintain a stable current in a circuit. At just 0.25 mm x 0.125 mm, Murata’s new device is the world’s smallest MLCC, with just one-fifth the volume of comparable products but 10 times the electrical storage capacity.

MLCCs are placed throughout circuit boards in smartphones. About 800 MLCCs are used in a high-grade phone;

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Why AI Is Our Best Bet To Save Green Energy In The US

KEY POINTS

  • Global energy investment topped $2 trillion last year and the International Energy Agency estimates that China needs to add the equivalent of today’s U.S. power system to its electricity infrastructure by 2040, while India needs the equivalent of the European Union’s.
  • Average American household power interruptions totaled six hours in 2018, according to the latest U.S. Energy Information Administration statistics, up threefold from 2013 when reliability data was first collected.
  • Policymakers and business leaders will need to ensure their responses to the dawning AI revolution are smart, practical and, most importantly, ethical. 

The devastation wrought by wildfires along the U.S. west coast in recent days has exposed a fundamental flaw in the adoption of green energy: without digital innovation to create smart grids, clean energy is a green illusion.

Across the globe, hundreds of billions of dollars are being spent each year on wind and solar power projects

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Our View: Alfond grants are a bet on Maine’s future

Much of the Alfond Foundation’s $240 million gift will be dedicated to the University of Southern Maine’s Portland campus. Rendering courtesy of University of Southern Maine

Who says that there’s no good news anymore?

On Wednesday, the Alfond Foundation, one of Maine’s leading philanthropic organizations, announced a massive series of grants totaling $500 million, targeted to build our economic future.

The foundation will distribute funds to eight Maine colleges, universities and organizations that will support science and technology education, which will put students in a position to fill some of the best-paid and most in-demand jobs in the regional economy. A shortage of skilled workers is one of the biggest impediments to economic development in the state.

These gifts won’t be a benefit for the institutions and the students who build their skills. It’s a bet on Maine’s future at a time when powerful economic forces have taken a toll

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Galaxy Digital Makes A Bet On DeFi

ParaFi Capital, the DeFi-focused asset management firm led by Ben Forman, announced a strategic investment from Galaxy Digital Holdings Ltd. (TSX: GLXY), whereas the firms would join forces to seek co-investment opportunities to drive further adoption of decentralized finance.

Publicly traded Galaxy Digital, led by blockchain investment veteran Mike Novogratz, is a leading financial services and investment management company, current boasts over $470 million in assets under management. With this transaction, Galaxy Digital has become a minority shareholder in the firm, joining other ParaFi investors including Bain Capital Ventures and Henry Kravis, Co-CEO and Co-Founder of KKR. As of August 31, 2020, ParaFi had assets under management of

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Airbus Places Big Bet On Hydrogen Propulsion As Aviation’s Future

Airbus Places Big Bet On Hydrogen Propulsion As Aviation’s Future | Aviation Week Network

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Airbus presented three hydrogen-powered aircraft concepts Sept. 21: a turbofan, a turboprop and a blended-wing body. At least one of them is to be turned into a real aircraft program by 2035.

Credit: Airbus Concept

Airbus, like all aircraft manufacturers and the civil aviation industry as a whole, is under enormous political pressure to reduce its environmental impact after the sector recovers from the…

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Insider Energy: Tesla’s bet on silicon, BP plummets after green makeover

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Climate commitments erupted from this week — Climate Week — like popcorn from seed, oil from a pressurized well, electrons from solar cells. 

China, the world’s top emitter, made a surprising pledge to reach net-zero emissions by 2060. California said it would ban sales of new gas-guzzling cars by 2035. Meanwhile, a number of corporate giants — from Morgan Stanley to Walmart — committed to various emissions reduction targets. 

Big

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A Bet on Europe Is a Bet on Drugs, Against Tech

The skew toward tech giants in the U.S. stock market is well known. Less appreciated is that Europe’s markets are now dominated by drugmakers.

Healthcare accounts for a quarter of the Stoxx Europe 50 index—almost as much as the almost 28% represented by information technology in the S&P 500. Five of Europe’s top 10 companies by market value are now drug producers:

Novartis,

Roche,

AstraZeneca,

Sanofi

and Denmark’s

Novo Nordisk.

This trend isn’t new, but it has been turbocharged by this year’s pandemic-driven downturn, which has highlighted the social relevance of the drug industry as well as its typically recession-proof profit profile. A vaccine AstraZeneca has licensed from the University of Oxford is a front-runner in the battle against Covid-19.

The rise of health care is one result to emerge from an analysis of Europe’s largest companies and how they have shifted over the past decade and

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