Chinese AI developer MiniMax raises HK$16 billion, Xiaomi cuts jobs across divisions as earnings come under pressure
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Tencent expands AI computing capacity after Hy3 demand surge
Surging demand for the newly launched model highlights the computing-power squeeze facing China’s AI developers
The company plans to use the proceeds to expand its AI infrastructure and accelerate the global rollout of its agent products
China issues guidelines to boost retail innovation, MiniMax shares plummet as lockup period expires
Reports of internal testing for AI agents in China’s top messaging app triggered Tencent’s biggest single-day stock gain in five…
Global chipmakers reportedly plan July price hikes amid AI boom, while DeepSeek readies its new model rollout
Crealights takes step closer to Hong Kong IPO, Alibaba Cloud expands global footprint
