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18 Chinese tech shares soar 200% as a big marketplace relaxes its IPO rules



18 Chinese tech stocks soar 200% as a major market relaxes its IPO rules

ChiNext, a Nasdaq-like board on the Shenzhen Inventory Trade, has debuted new regulations that allow for organizations to take part in an IPO registration method akin to how general public listings function in the United States.

Eighteen Chinese businesses — all smaller-to-medium sized tech firms — took advantage of the new rules and began trading Monday. By marketplace close, their shares had popped much more than 200% on normal. A professional medical machines company termed Contec Health care Techniques soared a lot more than 1000%, major the gains.

Earlier, corporations normally experienced to hold out months or even yrs for meetings with leading regulators right before they could hope to record on ChiNext. Now, those people regulators have delegated substantially of that responsibility to the Shenzhen Stock Trade, which noticeably lessens the hold out and offers issuers and buyers bigger management in excess of the pricing and timing of IPOs.

The shares that commenced trading Monday will continue on to trade without having any restrict to how considerably their costs can fluctuate by the rest of the week. Existing stocks, meanwhile, can now trade on ChiNext inside of a band of 20% in possibly direction, double what was permitted earlier.

“We hope the ChiNext board will better serve escalating modern and entrepreneurial enterprises,” China’s Vice Premier Liu He in a assertion Monday that was go through aloud by Yi Huiman, chairman of the China Securities Regulatory Commission, at a ceremony celebrating the new listings. He extra that the ChiNext reforms could pave the way for further more alterations to other inventory exchanges. “We hope it will guidance more good quality businesses to checklist on the domestic inventory sector.”

The rules that took influence Monday illustrate how Beijing is seeking to loosen up its controls on funds markets and prevent tech companies from likely overseas. Very last calendar year, the Shanghai Stock Trade debuted a Nasdaq-style board called the Star Market place that it hoped would assist China’s high-tech corporations faucet into the extensive wealth held by community investors. Extra than 150 corporations trade on that board, with a current market cap totaling far more than $422 billion.

“As the rivalry in between China and the US in the technologies sector is escalating, China requirements this reform [on ChiNext] to be prosperous,” Hao Hong, controlling director and head of investigate at BOCOM Worldwide, wrote in a Monday investigate note. “After all, technological management will require funding — and a great deal of it.”

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He advised, though, that it was much too early to tell how successful the reforms will be. Beijing even now exercises a lot of handle around its marketplaces, and the price of the shares may possibly be overinflated at initially.

“Presented that the ChiNext reform is a sizeable part of China’s grand competition tactic with the US, typical knowledge would want to see great original effectiveness as a increase of nationwide self-assurance,” Hong mentioned. “The [government’s] ‘visible hand’ will likely intervene, must the condition have to have.”

China isn’t really just applying its domestic marketplaces to aid tech stocks. Hong Kong’s primary index compiler announced the creation of a new benchmark previous thirty day period to keep track of tech firms. And the city’s Cling Seng Index (HSI), the main benchmark, will also before long insert big tech stocks, this sort of as Alibaba (BABA).

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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