MetaX Integrated Circuits soared on its trading debut in Shanghai, reports the South China Morning Post. This is the second producer of graphics processing units (GPUs) to go public this month amid optimism about China’s push for self-sufficiency in semiconductors and artificial intelligence. The shares of the Shanghai-based company began trading at RMB 700 on 17 December […]
Category: Tech, Media & Telecom
Alibaba is replacing Daniel Zhang as chief executive and chair of the Chinese ecommerce giant, with a top lieutenant to its former boss Jack Ma set to take the reins, reports the Financial Times. Eddie Yongming Wu, an Alibaba co-founder and chair of Alibaba’s flagship ecommerce sites Taobao and Tmall, will replace Zhang as chief […]
Chinese e-commerce giant JD.com, founded by Richard Liu Qiandong exactly 20 years ago, has set an ambitious vision for itself in the next two decades amid rising competition and the current economic slowdown, reports the South China Morning Post. On its anniversary day on Sunday, the e-commerce giant said over the next 20 years it […]
Chinese social media and gaming giant Tencent Holdings has launched its industry-oriented large language model (LLM) service aimed at a wide array of traditional sectors from finance to media, making it the latest of China’s Big Tech firms to join the ChatGPT-frenzy, reports the South China Morning Post. The Shenzhen-based company’s cloud arm launched its […]
STMicroelectronics (STM), Europe’s second-largest chip maker by revenue, and Chinese firm Sanan Optoelectronics on Wednesday said they have agreed to form a $3.2 billion semiconductor joint venture in the southwestern city of Chongqing, supporting rising domestic demand for silicon carbide (SiC) devices in the electric vehicle, industrial power and energy sectors, reports the South China […]