3+ day, 4+ hour ago   (98+ words) Embodied AI startup PHYMI raises nearly US$100 million in seed funding TechNode PHYMI, an embodied AI startup founded by former DeepRoute.ai executive Liu Nianqiu, has raised nearly US$100 million in seed funding. IDG Capital led the round, with participation…...

6+ day, 5+ hour ago   (150+ words) DeepSeek reportedly plans 160,000-chip Huawei cluster in Inner Mongolia TechNode DeepSeek plans to deploy at least 160,000 Huawei Ascend 950DT accelerators at a data center it is building in Inner Mongolia, according to people familiar with the matter. The proposed installation would…...

1+ week, 3+ day ago   (102+ words) Manus resumes independent operations after Meta deal collapses TechNode Manus has resumed independent operations under its original founding team after Meta’s proposed acquisition of the company fell through. Manus said the transition involved backing up and restoring data before the…...

1+ week, 5+ day ago   (137+ words) Huawei, Xiaomi and Honor reportedly raise smartphone prices in China TechNode Huawei, Xiaomi and Honor have reportedly raised prices for multiple smartphone models in China, with the changes taking effect on Sept. 1. The reported adjustments cover Huawei’s Mate 80 lineup and…...

1+ week, 5+ day ago   (110+ words) Baidu completes dual-primary listing in Hong Kong and Nasdaq TechNode Baidu’s conversion from a secondary listing in Hong Kong to a dual-primary listing on the Hong Kong Stock Exchange and Nasdaq took effect on Sept. 1. The company’s Hong Kong-listed ordinary…...

2+ week, 4+ day ago   (143+ words) DapuStor plans Hong Kong listing after first-half revenue jumps 531% TechNode DapuStor Corporation, a Chinese enterprise SSD and data-center storage maker, said its board has approved a plan to issue H shares and seek a listing on the Hong Kong Stock…...

2+ week, 6+ day ago   (103+ words) Alibaba raises HK$80 billion through a share placement to fund AI infrastructure TechNode Alibaba has priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion). The transaction is expected to close on Aug....

2+ week, 6+ day ago   (112+ words) NAND maker YMTC’s RMB33 billion Shanghai IPO application accepted TechNode Yangtze Memory Technologies Holdings, China’s NAND flash memory maker, has had its application to list on Shanghai’s STAR Market accepted. The company plans to raise RMB33 billion (US$4.9 billion), which would make…...

2+ week, 6+ day ago   (124+ words) SHEIN launches Hong Kong IPO at a valuation of up to US$27 billion TechNode SHEIN has started bookbuilding for its Hong Kong IPO, offering about 280 million Class B shares at HK$47.60 to HK$49.50 each. The offering could raise up to…...

3+ week, 2+ day ago   (138+ words) Alibaba’s AI spending lifts capex 75% as quarterly profit falls 76% TechNode Alibaba reported RMB268.95 billion in revenue for the quarter ended June 30, up 9% year on year, while net income attributable to ordinary shareholders fell 76% to RMB10.54 billion. Capital expenditure rose 75% to RMB67.68 billion, mainly…...