Quick Takeaways Tencent shifts from shareholder to major creditor via Bilibili bond deal. The US$700 million convertible bonds help Tencent…
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Quick Takeaways US leads in AI spending, but China achieves more computing power cheaply. Chinese firms benefit from lower costs,…
Top Highlights ByteDance plans to expand data centers in Inner Mongolia. New facilities could cost up to nearly US$960 billion.…
Quick Takeaways Z.ai outperforms MiniMax with higher revenue and strong AI models. Z.ai’s revenue surged nearly 400%, while MiniMax grew…
Top Highlights Chinese AI startup Moonshot AI filed for Hong Kong IPO. It aims to raise funds for rapid global…
Top Highlights Chinese chipmakers aim for 80% local equipment in new fabs. YMTC shifts towards predominantly using domestic manufacturing tools.…
Top Highlights Z.ai’s first-half revenue surged 400%, driven by platform growth. Revenue reached nearly 954 million yuan, with full-year sales…
Summary Points CXMT, China’s largest DRAM maker, sues US over blacklist inclusion. US courts are increasingly scrutinizing government evidence against…
Summary Points China’s Zhipu AI launched the new GLM-5.3-Flash model successfully. The system was run on 100,000 domestically produced chips…
Essential Insights ChangXin Memory Technologies announced a massive first-half revenue surge, reaching $22.4 billion. Profits soared to 77.61 billion yuan,…