AI boom hits mainland China in first half of 2026, fuelling massive surge in profits as companies race to build data centres

BEIJING -- China's electronics industry posted a 96.9 percent year-on-year increase in profits in the first half (H1) of 2026, contributing 8.5 percentage points to the overall…

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven…