Tencent enabled direct EUR settlement for WeChat Pay merchants in five EU markets this week, removing the previous USD intermediation step.
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ByteDance is deprioritizing high interconnect bandwidth and large GPU memory capacity in its chip specifications, favouring hardware tuned for serving live user queries rather than training models.
Zhongji Innovation recorded 60.25% revenue growth and 108.78% net profit growth in full-year 2025, driven by surging demand for optical transceivers in AI data centres. On the last trading day before China's Dragon Boat Festival, the stock closed at an all-time high of 1,367.
Zhipu AI has filed for a Hong Kong IPO carrying net losses of RMB 4.718 billion against revenue of just RMB 724 million, while DeepSeek closed a USD 7.5 billion Series A round on June 16, its first-ever external funding round.