Tag
china tech
5 articles
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.