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On August 26th, the Shanghai Municipal Government General Office issued the "Shanghai Strategic Emerging Industries Development 15th Five-Year Plan". It mentions focusing on key areas to strengthen forward-looking planning and further comprehensively enhance the integrated circuit industrys capabilities. Key development areas include: 1. High-end chips and AI-enabled design. Accelerate the R&D and industrialization of high-end chips; build vertical models and intelligent agents for chip design, and achieve design process reshaping and simulation acceleration through AI empowerment. 2. Advanced packaging. Promote the R&D and mass production application of new technologies such as advanced packaging, and support the R&D of packaging equipment and materials. 3. New devices and new architecture chips. Support the R&D of new material devices such as two-dimensional materials, and promote the design and tape-out of three-dimensional stacked architecture chips.On August 26th, the Shanghai Municipal Government General Office issued the "Shanghai Strategic Emerging Industries Development 15th Five-Year Plan". It mentions strengthening the cultivation of new intelligent terminals, focusing on application scenarios such as next-generation mobile internet, smart homes, and smart factories, creating internationally competitive consumer-grade new intelligent terminal brands, and launching a number of blockbuster terminal products. Key development areas include: 1. Key Hardware: Accelerating breakthroughs in key technologies such as edge AI chips, next-generation new displays, and flexible material sensors, and promoting technological iteration in areas such as micro-LEDs, waveguide lenses, and high-performance rendering engines. 2. Edge Models: Creating lightweight, multimodal edge vertical models, optimizing iterative model compression algorithms, and achieving performance levels of edge models that are basically comparable to large cloud models in various application scenarios. 3. Intelligent Consumer Terminals: Developing new AI consumer terminals such as AI computers, AI phones, AI glasses, bionic robots, and intelligent wearable devices, supporting a new manufacturing model of "product design + standard parts assembly".According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) repurchased 325,600 shares on August 25, at a cost of HK$53.1 million.Li Auto (02015.HK): As of June 30, 2026, its cash position was RMB 87.5 billion (US$12.9 billion).According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) repurchased a total of 200,000 shares on other exchanges on August 25, at a cost of £3 million.

DCG Sells Grayscale Crypto Trust Shares to Raise Capital - FT

Aria Thomas

Feb 08, 2023 14:18

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The Financial Times reported on Tuesday that Digital Currency Group (DCG) is selling shares in some of its cryptocurrency funds at substantial discounts and has begun unloading its stakes in investment vehicles managed by affiliate Grayscale.


DCG, which is financed by SoftBank Group Corp, has suffered a series of setbacks, including the bankruptcy filing of its lending business Genesis, which owes creditors at least $3.4 billion. Genesis was brought down by a market collapse that also swept up exchange FTX and lender BlockFi.


DCG is reportedly attempting to raise funding to support its defunct lending operations under Genesis.


"This is merely part of our regular portfolio rebalancing," a DCG representative told Reuters in an email statement.


Grayscale did not reply quickly to a request for comment from Reuters.


Since January 24th, a fourth of DCG's ethereum fund shares have been sold, raising as much as $22 million in multiple trades, according to a publication citing U.S. regulatory records viewed by it.


According to the article, DCG has also taken steps to sell smaller blocks of shares in its Litecoin Trust, Bitcoin Cash Trust, Ethereum Classic Trust, and Digital Large Cap Fund.


In addition to Genesis, Barry Silbert's DCG manages a portfolio of crypto firms, including CoinDesk and Grayscale, a significant digital asset management company based in New York.