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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
Huawei H1 profit drops 36% as costs, R&D spending rise
Huawei’s R&D spending reached 25.9% of revenue as it invested in AI and smart devices.
Minh Le · · 1 min read
Shein slides 17% in gray market ahead of HK debut
Shein also revealed a quarterly loss ahead of the deal and warned that tariffs were hurting earnings.
Grace Priscilla Teo · · 1 min read
Chinese AI chipmakers MetaX, Iluvatar swing to profit
MetaX, a Shanghai-listed graphics processing unit (GPU) designer founded in 2020, reported a net profit of 612 million yuan (US$91.1 million).
Naomi Li Gan · · 1 min readChinese memory chipmaker Longsys seeks $801m in HK IPO
Longsys, a Shenzhen-listed memory and storage company that acquired brands including Lexar and FORESEE and makes FORESEE Double Data Rate memory modules.
Grace Priscilla Teo · · 1 min readChina’s YMTC to boost NAND output nearly 25% in 2027
YMTC overtook Japan’s Kioxia by shipment volume in the second quarter to become the world’s third-largest NAND supplier.
Aiko Gao Ishida · · 1 min readPentagon sued by Chinese chipmaker CXMT over military listing
CXMT says its DRAM chips are designed for civilian and commercial use.
Naomi Li Gan · · 1 min readTencent unveils AI model it says outperforms Z.ai, Moonshot
Tencent demonstrated Hy4 Preview for game creation, 3D web design, and accounting compliance.
Grace Priscilla Teo · · 1 min readChina’s CXMT revenue soars as AI lifts memory prices
CXMT has delivered its next-generation LPDDR6 chips to customers for validation.
Grace Priscilla Teo · · 1 min readMiniMax raises Alibaba cloud spending cap 220%
MiniMax plans to spend up to US$300 million on Alibaba Cloud services in 2025, up from US$115 million.
Diya Lal · · 1 min read