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On March 20th, during tonights earnings conference, He Xiaopeng stated that the companys AI-related R&D investment will reach 4.5 billion yuan in 2025. XPeng has established a self-developed full-stack physical AI technology system covering chips, base models, and AI Infrastructure. With this technology system, starting in 2026, the technological advancement of physical AI will accelerate significantly, mass production applications of physical AI agents will begin, and the scale will soon enter a steep growth curve. The company will continue to increase its AI-related R&D investment, with physical AI-related R&D investment expected to reach 7 billion yuan this year.On March 20, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Foreign Affairs Commission, held a telephone conversation with Bonne, Foreign Affairs Advisor to the French President, at the latters request, to discuss the situation in the Middle East. Wang Yi elaborated on Chinas position, stating that the situation in the Middle East continues to deteriorate, with the conflict spilling over and expanding, impacting not only global energy supply stability but also causing a huge humanitarian crisis. Force cannot solve the problem, and unjust wars should not continue. Faced with the current critical situation, China and France, as permanent members of the UN Security Council, should strengthen strategic communication and coordination, firmly uphold the UN Charter and international law, and prevent the world from reverting to the "law of the jungle." The urgent priorities are: first, to curb the spread of the conflict and prevent further involvement from other countries; second, for the international community to issue a unified call for an immediate ceasefire and increase efforts to promote peace talks; and third, for the UN and the Security Council to play their due role in promoting the early restoration of regional peace and stability. Although facing difficulties, the correct path out of the crisis remains dialogue and negotiation, and China and France should make joint efforts in this regard.Flightradar24: Two Boeing B-52 strategic bombers are flying eastward along the Mediterranean Sea.FedEx shares surged 7.6%, the biggest gain since May 12.March 20th - Zhou Liufu (06168.HK) announced that the Groups revenue increased by approximately 2.0% from approximately RMB5.7182 billion for the year ended December 31, 2024 to approximately RMB5.8343 billion for the year ended December 31, 2025. Net profit increased by approximately 8.9% from approximately RMB706.3 million for the year ended December 31, 2024 to approximately RMB769.3 million for the year ended December 31, 2025.

U.S. Senate to hold FTX hearing on Dec. 1, CFTC chairman to testify

Cory Russell

Nov 22, 2022 15:35

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The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest crypto exchanges.


FTX filed for bankruptcy on Nov. 11, leaving an estimated 1 million customers and other investors facing billions of dollars in total losses. The firm’s failure has created a liquidity crunch that has rippled across the industry and sent the prices of bitcoin and other digital assets plummeting.


Rostin Behnam, the chairman of the Commodity Futures Trading Commission, is the first witness named for the hearing, titled, “Why Congress Needs to Act: Lessons Learned from the FTX Collapse.”


U.S. Senate Agriculture Committee Chair Debbie Stabenow also on Thursday called on Congress to pass the bipartisan Digital Commodities Consumer Protection Act, which she said, “would have prohibited the misconduct and risky behavior undertaken by FTX.”


The U.S. House Financial Services Committee has also said it plans to hold a hearing in December to investigate FTX’s collapse.