Luxury

ByteDance eyes 5-6GW data hub in Inner Mongolia: sources
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ByteDance eyes 5-6GW data hub in Inner Mongolia: sources

The planned data center cluster would be built in Jining district, the source said.
Minh Le · · 1 min read
ByteDance said to line up $29.6b loan
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ByteDance said to line up $29.6b loan

The TikTok owner had initially sought a US$20 billion facility but increased the size after attracting more than US$30 billion of orders.
Grace Priscilla Teo · · 1 min read
Chinese robotics firm UBTech completes $13.9m round
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Chinese robotics firm UBTech completes $13.9m round

UBTECH said it will use the proceeds for technology upgrades and product development for a new generation of high-power-density integrated joint modules
Grace Priscilla Teo · · 1 min read
Chinese AI chipmaker Enflame draws 6,109x online IPO demand
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Chinese AI chipmaker Enflame draws 6,109x online IPO demand

After receiving orders from more than 7 million online investor accounts, Enflame moved 3.4 million shares from the offline tranche to the online sale.
Diya Lal · · 1 min read
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Nio reports 69% revenue growth in second quarter

Nio expects to deliver up to 111,000 vehicles in the third quarter.
Diya Lal · · 1 min read
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Chinese 3D AI startup Tripo raises $447m in series B

Tripo says its P2.0 model is the first in the industry to support quad topology.
Diya Lal · · 1 min read
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Manus resumes independent operations after Meta deal

Users can recover data erased for regulatory compliance through a restoration portal.
Diya Lal · · 1 min read
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China’s iFlytek to open-source 2 edge AI models in September

Its smaller models support context windows of up to 1 million tokens.
Aiko Gao Ishida · · 1 min read
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Tencent-backed AI chipmaker Enflame targets $908m Shanghai IPO

The eight-year-old chip designer plans to sell 43 million shares on Shanghai’s STAR Market.
Minh Le · · 1 min read
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China’s Zhipu AI revenue jumps 400% as cloud business grows

Its stock remained about 60% below its June record high despite a pre-results rise.
Naomi Li Gan · · 1 min read