China Tech

Qianhe Yibang closes a 2 billion yuan B round for 3D compute-in-memory chips

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Qianhe Yibang, a leader in 3D compute-in-memory chips, recently closed a B round above 2 billion yuan. As China accelerates high-quality integrated-circuit development and Indigenous breakthroughs in core technologies, innovative firms with self-developed ability and new chip architectures are becoming central to industrial upgrading. Globally, the digital economy has entered a compute-centric phase, and memory … Read more

Lenovo’s net profit jumps 176 per cent on 63.4 billion yuan of AI revenue as Yang shrugs off the bubble talk

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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

Xiaomi burns 5.7 billion yuan on EVs and AI in the first half as the Pengcheng range looms

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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

SMIC’s net profit jumps 2.6 times as US curbs miss the point of the AI boom

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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

Manus breaks from Meta and goes independent. Can it get its groove back?

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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’s Liang Wenfeng puts down the price butcher’s knife

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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

US Commerce chief warns Apple off ChangXin Memory, exposing a supply-chain fault line

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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

ByteDance stops hiding on AI: Doubao takes a 12 per cent cut, bans distillation, bets on 5 trillion parameters

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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