The Trump administration has formally approved China-bound sales of second most powerful AI chips, reports Reuters. The approval comes with conditions and is expected to kickstart shipments of the H200 despite deep concerns among China hawks in Washington. According to the regulations, the chips will be reviewed by a third-party testing lab to confirm their technical AI […]
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The Chinese government this week told some tech companies it would only approve their purchases of Nvidia’s H200 AI chips under special circumstances, such as for university research, reports Reuters, citing unnamed sources quoted in The Information. The move signals Beijing is remaining cautious about fully reopening the Chinese market to Nvidia, whose semiconductors are pivotal in […]
Zhang Yong, founder of Haidilao, has resumed his role as CEO of the global hot pot chain, reports Caixin. He returns to the operational helm to navigate a strategic overhaul as earnings flag and China’s dining sector cools. The leadership shake-up, announced late Tuesday, signals what insiders call a “second revolution” for the Hong Kong-listed company. […]
High-Flyer Quant, co-owned by DeepSeek founder and CEO Liang Wenfeng, recorded a return of 56.6% last year, reports the South China Morning Post. This ranks it second among China’s 10 top-performing large hedge-fund firms. According to the ranking published on Monday by data provider Shenzhen PaiPaiWang Investment & Management, High-Flyer only trailed behind Lingjun Investment, which posted a return of 73.5% […]
Aridge, the flying car unit of XPeng, has tapped investment banks to prepare for an initial public offering in Hong Kong, reports Caixin, citing people familiar with the matter. The company declined to comment, however speculation about a possible listing began in June 2025, when Aridge appointed Du Chao as CFO. Du, a veteran with nearly […]