Tag
china tech
14 articles
Manus Raises $500M After Meta Deal Blocked, Eyes Hong Kong IPO
Chinese AI lab Manus secured $500 million from Boyu Capital and IDG Capital after Beijing unwound its $2 billion Meta acquisition over talent loss concerns.
Biren Raises $515M as China's GPU Play Bets on Data Center Scale
The Shanghai chipmaker taps markets for capital as its stock swings 50 percent from June highs, raising questions about valuation discipline in a crowded AI hardware race.
Huawei and DeepSeek Open AI Software Stack to Challenge Nvidia's CUDA Dominance
The partnership releases TileLang, a new programming language for Huawei's Ascend chips, aiming to reduce developer friction and give Chinese companies an alternative to Nvidia's ecosystem.
Unitree's $4K Robot Dog Hits Real-World Limits
Chinese manufacturer's aggressive pricing disrupts the market, but a two-mile DC commute exposed battery and thermal constraints that expose why quadrupeds remain niche.
ByteDance's $30B Loan Oversubscription Shows AI Capital Concentration
Despite Asia's loan market drought, ByteDance attracted $30+ billion in orders for its financing package, underwriting a $70 billion 2026 capex plan that reflects winner-take-most dynamics in AI infrastructure.
Dimension Bets on Chinese AI Models Despite U.S. Exit Barriers
The VC firm sees valuation arbitrage in Chinese AI companies gaining Western users, but the path to liquidity for U.S. investors remains legally fraught.
China Controls 97% of Humanoid Robot Shipments as U.S. Rivals Lag
Chinese manufacturers dominate early-stage humanoid robot production while American companies struggle with manufacturing scale and deployment economics
Kuaishou's AI Bet Crushes Margins as Kling Video Generator Emerges as Bright Spot
Adjusted net profit fell 30 percent to RMB3.9 billion in Q2 as AI infrastructure spending outpaced revenue growth, though the Kling video product posted strong gains.
Unitree Robotics Valued at $66B on Shanghai Debut During Retail Frenzy
China's humanoid robot maker opened at 629% above its IPO price on record oversubscription, but shares retreated sharply in early trading
SMIC Raises Wafer Prices Twice as AI Demand Drives Revenue Past $3 Billion
China's largest foundry posted a 93.7% utilization rate and tripled shareholder profit to $479.2 million in Q2, then announced another price increase for Q3.
JD.com Posts RMB4.5B Operating Profit as Revenue Falls; Stock Drops 2.8 Percent
The Chinese e-commerce giant beat revenue estimates in Q2 2026 despite a 5.4 percent drop in product sales, as service revenue growth and narrowing losses at JD Food Delivery lifted margins.
Tencent's AI Costs Halve Q1 Profit Growth With Capital Burn Rising in H2
Non-IFRS operating profit grew 9 percent in Q1 2026, half the rate it would have posted without AI investment, as capex is set to rise further.
CXMT's 470% IPO Debut Puts $8.6 Billion Into China's DRAM Race
The Hefei-based memory chipmaker priced shares at 8.66 yuan before a first-day surge that ranks among China's largest technology listings this year.
Baidu Robotaxi Failure Exposes Autonomous Driving Debt
A widespread outage across Baidu's Apollo robotaxi fleet in China underscores the immense capital allocation and engineering rigor required to scale L4 autonomy, challenging profitability timelines.