In May, Lenovo chairman and CEO Yang Yuanqing set a goal of reaching US$100 billion in annual revenue within two years, from US$83.1 billion then, implying about 9.7 per cent compound growth. On 13 August, Lenovo reported its first fiscal-quarter 2026/27 results for the period ended 30 June 2026: revenue of 183.4 billion yuan, up … Read more
On 18 August, Xiaomi president Lu Weibing and vice president and CFO Lin Shiwei took questions on the group’s second-quarter 2026 results. On the smart-EV business they addressed five points: the Pengcheng model’s buyers barely overlap with existing models; the Pengcheng N90 Max and N70 Max are not yet priced, so margin impact is unclear; … Read more
For years, three words trailed SMIC wherever it went: behind, restricted, catching up. It could not buy the best tools, could not take the most advanced orders, and the market kept asking the same question: when would it close the gap with TSMC? For a company carrying the hopes of China’s domestic chipmaking, simply surviving … Read more
On 12 August, Manus published an open letter to users announcing it would soon resume operating as an independent company and keep serving its millions of users worldwide. As part of resuming independence and complying with regulatory requirements in certain jurisdictions, data some users generated on or after Meta’s acquisition day of 29 December 2025 … Read more
DeepSeek, once nicknamed the large-model “price butcher”, is sheathing the knife. At 00:00 on 17 August, its new API prices took effect. Founder Liang Wenfeng is walking back the rock-bottom pricing that built DeepSeek’s brand. (Source: Sohu Tech) The adjustment covers V4 Pro and V4 Flash and introduces peak-valley pricing for the V4 series. Beijing … Read more
PChome reported on 17 August that Apple is grappling with a memory shortage that has pushed up production costs and created supply-chain risk. To relieve the crisis Apple wants to bring in Chinese supply and has already been testing memory from ChangXin Memory, also known as CXMT. CXMT’s memory passed Apple’s validation, then Washington stepped … Read more
Tencent’s second-quarter results show new AI products cut 10.5 billion yuan from operating profit, while capital spending hit 52.78 billion yuan, up 176 per cent, as it bets on WorkBuddy, the WeChat a
Cambricon’s first-half revenue reached 5.996 billion yuan, up 108 per cent, while Moore Threads narrowed its loss to 11.56 million yuan as China’s domestic AI chips ride demand and US export limits in
Doubao, ByteDance’s AI assistant, has started charging a commission. The same hotel room on the same settlement system costs an 8 per cent platform fee from the Douyin feed but 12 per cent when the order jumps from the Doubao chat box. The four-percentage-point gap has a single variable: the traffic came from an AI … Read more
Beijing ModelBest Technology has registered for IPO tutoring with China’s securities regulator, making it one of the first edge large-language-model developers to test a new STAR Market listing route for AI companies without scale revenue. The filing, dated 12 August 2026, names CITIC Securities as sponsor; the company completed its joint-stock reform on 5 August, … Read more