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China’s Seven Titans vs Wall Street’s Magnificent Seven: DeepSeek sparks stocks re-rating

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China’s Seven Titans vs Wall Street’s Magnificent Seven: DeepSeek sparks stocks re-rating - SCMP

Quick Summary:

DeepSeek’s breakthrough fuels huge revaluation of Chinese tech stocks, boosting investor confidence and reshaping global market dynamics.

Within two days, DeepSeek had overtaken OpenAI’s ChatGPT as the most downloaded freeware app on the iOS app store in the US.

Hangzhou-based DeepSeek rolled out its namesake app on January 20, providing its low-cost large language model (LLM) for free on the same day that the WEF got under way.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-08 @ 10:00:09 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 321 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 46 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26732944

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 5 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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The story "China’s Seven Titans vs Wall Street’s Magnificent Seven: DeepSeek sparks stocks re-rating" was covered 1 days ago by SCMP, a news publisher based in Hong Kong.

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  • News ID: #26732944
  • URL: https://chronographically.beamstart.com/news/chinas-seven-titans-vs-wall-17414006292674

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