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Yahoo
6 hours ago
- Business
- Yahoo
Eshallgo Inc. (Nasdaq: EHGO) Expands into Enterprise-Level AI Solutions: Targeting China's Rapidly Growing Intelligent Office Market
EHGO launches a suite of scenario-specific AI solutions designed to address critical needs in enterprise environments eShallgo, inc. Photo New York, July 22, 2025 (GLOBE NEWSWIRE) -- SHANGHAI, July 22, 2025 — Eshallgo Inc. ('Eshallgo' or the 'Company') (Nasdaq: EHGO), a leading provider of integrated office solutions in China, today announced the official launch of its new business initiative focused on enterprise-level artificial intelligence (AI). The Company is leveraging its extensive office services infrastructure to enter the intelligent office AI segment through a fully integrated hardware-software platform, accelerating its presence in one of China's most dynamic digital transformation markets. "With our official entry into the enterprise AI sector, Eshallgo is not just adapting to the future — we are building it," said Qiwei Miao, Chief Executive Officer of Eshallgo. "Our vision is to empower every enterprise with intelligent tools that create value through automation, security, and strategic insight. We believe this transformative growth will unlock significant long-term shareholder value." Well- Positioned to Capture Value in a Multi-Billion Dollar Intelligent Office OpportunityAccording to data from the China Academy of Information and Communications Technology (CAICT), the total value of China's AI industry exceeded RMB 700 billion (~USD 96 billion) in 2025, with sustained annual growth above 20%. Within this, the enterprise-focused AI application market is expanding rapidly as businesses modernize office operations, streamline internal processes, and integrate AI-driven automation. Zheshang Securities has said to be projecting that China's AI all-in-one device segment alone will grow from RMB 123.6 billion (~USD 17 billion) in 2025 to over RMB 520.8 billion (~USD 71 billion) by 2027, reflecting a compound annual growth rate (CAGR) exceeding 60%. Globally, the market for AI in enterprise applications is expected to reach USD 200 billion by 2026, driven by increasing demand for intelligent workflow automation, secure knowledge management, and real-time decision support systems. From Office Solutions to Smart Enterprise EnablementAs generative AI and large language models unlock new levels of functional intelligence, enterprises are under pressure to modernize legacy systems and accelerate digital transformation. Eshallgo, with years of experience in office integration and a nationwide enterprise customer base, is well-positioned to bring AI innovation directly into business environments. The Company is launching a new family of scenario-specific AI solutions designed to address critical needs in enterprise environments, including: Workflow automation and internal process optimization Cost reduction through intelligent resource scheduling Enhanced competitiveness via real-time analytics and smart decision tools Robust data security and compliance enforcement Smarter collaboration across hybrid and distributed teams Enterprise AI Product Roadmap and Commercialization MilestoneEshallgo has partnered with leading domestic AI R&D teams to jointly develop enterprise-grade intelligent applications. The Company recently completed internal testing for its flagship enterprise-level AI platform, with a working demo now available for selected enterprise customers. This marks a key milestone on Eshallgo's path to commercializing intelligent office solutions tailored to the needs of China's enterprise clients. Fulfilling Unmet Demand in Enterprise AI ScenariosThe initial product suite will include intelligent document management, automated task routing, smart procurement assistance, and cybersecurity-enhanced collaboration tools—all designed with modular architecture for integration into existing IT systems. Eshallgo's goal is to address previously underserved enterprise use cases where traditional software lacks real-time learning, adaptive workflows, or decision-making automation. By focusing on scenario-based intelligence, Eshallgo aims to close a critical gap in China's enterprise AI landscape while creating value through efficiency, security, and agility in day-to-day business operations. About eShallgo, Inc. (Nasdaq: EHGO) is a leading digital-first office solution provider headquartered in Shanghai, China. Through its integrated platform, the Company offers enterprise-grade hardware, printing services, software subscriptions, and technical support to small and medium-sized businesses across China. Leveraging data analytics and automation, eShallgo delivers cost-efficient and scalable solutions that empower businesses to digitize and streamline their back-office operations. For more information and real-time investor updates, please visit the Company's new investor portal at Follow us on social media: LinkedIn, Facebook, and X. Forward-Looking StatementsAll statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. Investor and Media Contact:Tony SklarInvestor Relations – eShallgo, About eShallgo, Inc. eShallgo, Inc. (Nasdaq: EHGO) is a leading digital-first office solution provider headquartered in Shanghai, China. Through its integrated platform, the Company offers enterprise-grade hardware, printing services, software subscriptions, and technical support to small and medium-sized businesses across China. Leveraging data analytics and automation, eShallgo delivers cost-efficient and scalable solutions that empower businesses to digitize and streamline their back-office operations. For more information and real-time investor updates, please visit the Company's new investor portal at Follow us on social media: LinkedIn, Facebook, and X. Attachment eShallgo, inc. Photo
Yahoo
6 hours ago
- Automotive
- Yahoo
2 Warren Buffett Stocks to Buy Hand Over Fist -- and 1 to Avoid
Key Points BYD is the dominant EV maker in China, with sales up more than 30% this year. Amazon Web Services is a huge profit center for Amazon. The shine on Apple stock is beginning to fade. 10 stocks we like better than Amazon › Legendary investor Warren Buffett's track record can stand up to anyone's. The Oracle of Omaha is one of the best value investors in the world, using a simple investing philosophy of choosing well-established companies that are leaders in their field and have strong management, earnings, and a sustainable dividend. Buffett's portfolio at his conglomerate, Berkshire Hathaway, often outperforms the S&P 500. In fact, Berkshire's portfolio advanced an incredible 5,502,284% from 1965 to the end of 2024, while the S&P 500 gained only 39,054%, including dividends. It's no wonder why so many people follow Buffett's philosophy and Berkshire's moves each quarter. However, not every stock in Berkshire's portfolio is a slam-dunk winner right now. If I'm starting a portfolio right now, there are two Buffett stocks that are must-haves, and one that I would avoid. Buffett stock to buy: BYD Buffett usually shuns tech stocks, so Chinese electric vehicle (EV) company BYD (OTC: BYDDY) is an odd choice for Berkshire. And truth be told, Buffett didn't make this selection himself -- Berkshire got involved with BYD on the advice of Charlie Munger, the late Berkshire Hathaway vice chairman and Buffett's investing partner. In China, BYD is the biggest EV maker, manufacturing vehicles like the Seal, Tang, Seagull, Dolphin, and Han. For the first six months of the year, sales of its battery and hybrid passenger EVs totaled 2.11 million, up 31.5% from a year ago. BYD also makes commercial vehicles, such as electric buses, trucks, and delivery vans. Those sales were 2.14 million in the first half of the year, up 33% on a year-over-year basis. Those sales figures are pushing BYD's revenue through the roof. For the first quarter, BYD reported revenue of 170.3 billion renminbi ($23.7 billion), up 36% from a year ago. Profits of RMB$3.75 billion were up 117% from a year ago, and earnings per share of RMB$3.12 were up 99% from last year. I would take a very educated guess that Buffett is pleased with Berkshire's BYD stake. Buffett stock to buy: Amazon A few years ago, I thought Alibaba Group was a far superior e-commerce stock than Amazon (NASDAQ: AMZN). I thought Alibaba had more potential to grow its e-commerce offerings than Amazon, which was already deeply entrenched with U.S. retailers. Today, I like Amazon more. And it has nothing to do with its e-commerce division. Instead, I am a big fan of Amazon Web Services (AWS), the massive profit driver that is giving Amazon a dominant position in the fast-growing cloud computing sector. AWS provided $11.5 billion in profits in the first quarter of 2025, with a solid profit margin of 39.4% -- much better than the 6.3% margin for Amazon's North America e-commerce sales, or its paltry 3% profit margin for international sales. AWS is a big driver thanks in part to the rise of artificial intelligence (AI), which has changed how businesses and individuals function. Today, AI is used to compose text, photos, graphics, and videos and help people order food, process information, manage supply chains, and perform critical functions in the military and in healthcare. Creating massive data centers to run generative AI and machine learning platforms is cost-prohibitive for most companies, however, so Amazon's AWS allows companies to manage and improve their AI functions on Amazon's servers. Amazon is investing heavily -- $83 billion last year and an estimated $100 billion this year -- in capital expenditures to expand its data centers to handle the increased workload, but that's also going to mean massive profits in the years to come. Amazon currently has the top position in the cloud computing space, owning roughly 30% of the market share (Microsoft Azure is in second place with 21%, and Alphabet's Google Cloud has 12%). Buffett stock to avoid: Apple For years, Apple (NASDAQ: AAPL) has been Berkshire's biggest holding. At one point, the smartphone maker comprised more than 40% of the Berkshire Hathaway portfolio as its revolutionary phones, wearable tech, tablets, and computers revolutionized the tech industry. Apple even had a two-decade run as the most valuable company in the world. But Apple's shine is starting to fade. Its iPhone is still popular, but the newest models aren't must-have purchases for smartphone owners because they lack the groundbreaking innovation that Apple became known for. And unless the newest iPhone has a knock-your-socks-off new feature, people aren't inclined pay $1,000 to upgrade when their current phone still works just fine. Apple's revenue and profits have flatlined over the last three years and Apple is no longer seen as the massively impressive growth stock that it used to be. Even Buffett trimmed his stake in Apple last year, selling about 100 million shares to reduce Berkshire's stake to 300 million shares. Apple still makes up nearly 22% of the Berkshire portfolio, but it's clearly a stock on the wane. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Patrick Sanders has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Berkshire Hathaway, and Microsoft. The Motley Fool recommends Alibaba Group and BYD Company and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 2 Warren Buffett Stocks to Buy Hand Over Fist -- and 1 to Avoid was originally published by The Motley Fool
Yahoo
7 hours ago
- Business
- Yahoo
Asia Morning Briefing: U.S. BTC ETF Inflows Dwarf Hong Kong's as Local Investors Stick With Stocks
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook from CoinShares continues to highlight the gap in investor enthusiasm between the U.S. and Hong Kong when it comes to bitcoin (BTC) ETFs and other listed digital asset products. Digital asset products in the U.S. generated $4.36 billion in inflows last week, accounting for nearly the entire global total of $4.39 billion, according to CoinShares. In Hong Kong, inflows into crypto ETFs totaled just $14.1 million (USD). The disparity comes despite strong demand for exchange-traded products in Hong Kong overall. From July 14 to 18, Hong Kong-listed ETFs saw approximately $880 (USD) million in net inflows, according to data from Hong Kong Exchanges and Clearing. Most of this capital was invested in equity-focused funds that track local stocks and sector themes, with crypto accounting for only 1.6 percent of total ETF inflows. Even within the U.S., where equity ETFs saw net outflows of $11.75 billion and bond funds brought in $5.55 billion, crypto funds defied the trend by drawing in capital at record pace. The contrast highlights the increasing importance of crypto as a distinct asset class in American portfolios, whereas in Hong Kong, investors continue to view it as a niche asset class. However, a path may be forming that could shift the dynamic. At Consensus Hong Kong in February, Yifan He, CEO of Red Date Technology, suggested a potential regulatory route for mainland Chinese investors to gain exposure to crypto, without breaking mainland China's crypto ban. Speaking on stage, He pointed to the Qualified Domestic Institutional Investor (QDII) program, which already allows select mainland investors to purchase U.S.-listed ETFs using RMB. A similar structure, he argued, could be adapted to Hong Kong's spot bitcoin and ether ETFs. Under this model, mainland investors would not directly hold crypto, but would gain exposure through licensed intermediaries, mirroring how they currently trade Hong Kong or overseas equities. "If they have a system for you to buy and sell in RMB, but never move money outside China, then it's just another regulated investment product," He said. While capital controls remain the core barrier, the proposal reflects a changing tone in Beijing. "I see some signal from financial regulators," He said at the time. "They're beginning to talk about bitcoin, saying we need to pay more attention and do more research on digital assets." This would not amount to China unbanning crypto, but rather integrating it within an approved sandbox. Such a move could dramatically increase participation in Hong Kong's crypto ETFs, which have struggled to gain traction despite strong infrastructure and regulatory clarity. For now, though, U.S. dominance in crypto fund flows remains unchallenged. However, if Beijing were to permit crypto exposure through Hong Kong's ETFs, the flow dynamics in the region could look significantly different in the years ahead. Market Movements: BTC: Bitcoin (BTC) is currently trading above $117,000, remaining locked in a tight range. ETH: Ethereum (ETH) surged near $3,800 on Monday, up 13% year-to-date, as analysts pointed to signs of a potential turnaround after months of underperformance. Gold: Gold rose 1.2% to $3,391.90 on Tuesday, supported by a weaker dollar and growing expectations of lower interest rates. Nikkei 225: Japanese stocks rose as markets reopened Tuesday, with the Nikkei 225 up 1.12% to 40,254.18, as investors reacted to the ruling party's loss of its upper house majority in weekend elections. S&P 500: US stocks closed mixed Monday, but the Nasdaq and S&P 500 still hit fresh record highs. Elsewhere in Crypto: Robinhood CEO Acknowledges OpenAI Crypto Stock 'Controversy', But Is Doubling Down (Decrypt) Pudgy Penguins CEO predicts NFT mania, crypto gaming comeback (Blockworks) BitGo Files to Go Public as Crypto Market Surges Past $4 Trillion (CoinDesk)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
15 hours ago
- Business
- Korea Herald
CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)
HONG KONG, July 22, 2025 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Kenli 10-2 Oilfields Development Project (Phase I) has commenced production, marking the production start-up of the largest shallow lithological oilfield offshore China. The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms, which leverages the adjacent existing facilities for development. 79 development wells are planned to be commissioned, including 33 cold recovery wells, 24 thermal recovery wells, 21 water injection wells and 1 water source well. The project is expected to achieve a peak production of approximately 19,400 barrels of oil equivalent per day in 2026. The oil property is heavy crude. Kenli 10-2 Oilfield is the first lithological oilfield with proved in-place volume of 100 million tons discovered in the shallow depression zone of the Bohai Bay Basin. It is developed in two phases under the strategy of "exploration and development integration, regional coordination, and phased implementation." CNOOC Limited has adopted an innovative combined development approach of "conventional water injection + steam huff and puff + steam flooding", providing strong technical support for the efficient utilization of oil reserves. The project's platform integrates both conventional cold production and thermal recovery systems, and is equipped with over 240 sets of key equipment. It is one of the most complex production platforms in the Bohai region and the first large-scale thermal recovery platform for heavy oil in southern Bohai Sea. Mr. Yan Hongtao, President of the Company, said, "The successful commencement of production of this project marks a new stage in the development of complicated heavy oil reservoirs offshore China. It will strongly support the Company's Bohai Oilfield to achieve the annual gross production target of 40 million tons, contributing to the Company's high-quality development through high-level operations." CNOOC Limited holds 100% interest in this project and is the operator. — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui Liu Media & Public Relations CNOOC Limited Tel: +86-10-8452-6641 Fax: +86-10-8452-1441 E-mail: mr@
Malaysian Reserve
17 hours ago
- Business
- Malaysian Reserve
CNOOC Limited Brings On-stream Kenli 10-2 Oilfields Development Project (Phase I)
HONG KONG, July 21, 2025 /PRNewswire/ — CNOOC Limited (the 'Company', SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Kenli 10-2 Oilfields Development Project (Phase I) has commenced production, marking the production start-up of the largest shallow lithological oilfield offshore China. The project is located in southern Bohai Sea, with an average water depth of about 20 meters. The main production facilities include a new central platform and 2 wellhead platforms, which leverages the adjacent existing facilities for development. 79 development wells are planned to be commissioned, including 33 cold recovery wells, 24 thermal recovery wells, 21 water injection wells and 1 water source well. The project is expected to achieve a peak production of approximately 19,400 barrels of oil equivalent per day in 2026. The oil property is heavy crude. Kenli 10-2 Oilfield is the first lithological oilfield with proved in-place volume of 100 million tons discovered in the shallow depression zone of the Bohai Bay Basin. It is developed in two phases under the strategy of 'exploration and development integration, regional coordination, and phased implementation.' CNOOC Limited has adopted an innovative combined development approach of 'conventional water injection + steam huff and puff + steam flooding', providing strong technical support for the efficient utilization of oil reserves. The project's platform integrates both conventional cold production and thermal recovery systems, and is equipped with over 240 sets of key equipment. It is one of the most complex production platforms in the Bohai region and the first large-scale thermal recovery platform for heavy oil in southern Bohai Sea. Mr. Yan Hongtao, President of the Company, said, 'The successful commencement of production of this project marks a new stage in the development of complicated heavy oil reservoirs offshore China. It will strongly support the Company's Bohai Oilfield to achieve the annual gross production target of 40 million tons, contributing to the Company's high-quality development through high-level operations.' CNOOC Limited holds 100% interest in this project and is the operator. — End — Notes to Editors: More information about the Company is available at *** *** *** *** This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words 'expect', 'anticipate', 'continue', 'estimate', 'objective', 'ongoing', 'may', 'will', 'project', 'should', 'believe', 'plans', 'intends' and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations. *** *** *** *** For further enquiries, please contact: Ms. Cui LiuMedia & Public RelationsCNOOC LimitedTel: +86-10-8452-6641Fax: +86-10-8452-1441E-mail: mr@ Mr. Cheng YaoEver Bloom (HK) Communications Consultants Group LimitedTel: +852 5540 0725Fax: +852 2111 1103Email:
