CXMT soared 466% on day one to become China’s most valuable onshore company
CXMT soared 466% on day one to become China’s most valuable onshore company

China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Morning Post reported. That values the Hefei firm at 3.28 …

Facebook and Instagram ran nudify-app ads from a single Chinese firm, watchdog says
Facebook and Instagram ran nudify-app ads from a single Chinese firm, watchdog says

Awatchdog group says Meta ran thousands of advertisements for apps that digitally undress women, and that the network placing them traces back to a single company in China. The finding lands on a platform that has spent more than a year insisting it is…

Land Rover’s fancy Freelander 8 EREV reveals high-tech, ultra-luxe interior
Land Rover’s fancy Freelander 8 EREV reveals high-tech, ultra-luxe interior

The best seat in Jaguar Land Rover’s newest SUV might not be the one behind the steering wheel! New interior images of the Freelander 8 EREV revealed on Chinese social media show a six-seat, ultra-luxury luxury cabin that looks less “seats six,” and mo…

China fines Trip.com $765 million for forcing hotels into exclusive deals and controlling their prices
China fines Trip.com $765 million for forcing hotels into exclusive deals and controlling their prices

China’s market regulator fined Trip.com Group $765 million on Saturday after concluding that the country’s largest online travel platform abused its dominant market position. The State Administration for Market Regulation said Trip.com used its traffic…

A Chinese model split Silicon Valley. Now the startups are fighting back.
A Chinese model split Silicon Valley. Now the startups are fighting back.

Silicon Valley does not usually gang up on its own. This week it did. Nearly 200 US startups have urged the Trump administration not to block American access to Chinese open-weight AI models. A ban, they warn, would gut the next wave of US companies. T…

Ford and Geely will build EVs together at Ford’s plant in Spain. Ford owns 66%, Geely 34%.
Ford and Geely will build EVs together at Ford’s plant in Spain. Ford owns 66%, Geely 34%.

Ford and Geely announced a manufacturing joint venture on Thursday that will produce electric vehicles at Ford’s plant in Valencia, Spain. Ford will own 66% of the venture, Geely 34%. Pending regulatory approvals, operations begin in the first half of …

A US Senate panel says it has ‘compelling evidence’ of Chinese influence inside Amazon
A US Senate panel says it has ‘compelling evidence’ of Chinese influence inside Amazon

The email was not meant to be public. Writing to a small-business owner on Staten Island, a researcher for the Senate Small Business Committee said Republican staff had been probing “Amazon negligence related to Chinese influence and have found compell…

China narrows the AI gap with the US to a record-low 6%
China narrows the AI gap with the US to a record-low 6%

The gap between American and Chinese AI is closing fast. Chinese models narrowed the performance shortfall to a record-low 6% in June, down from 9% in May, according to Bloomberg Intelligence. The research arm said the shift raises real questions about…

White House accuses Moonshot of distilling Anthropic’s Fable to build Kimi K3
White House accuses Moonshot of distilling Anthropic’s Fable to build Kimi K3

The model that rattled Silicon Valley last week now has Washington’s attention. A senior White House official has accused China’s Moonshot AI of breaking US export controls to build Kimi K3. It reached restricted Nvidia chips, he said, and leaned on Am…

Intel and AMD lock Chinese data centres into multi-year CPU deals as prices surge
Intel and AMD lock Chinese data centres into multi-year CPU deals as prices surge

Server processors were meant to be the boring corner of the AI boom. The exotic money went to graphics accelerators, while the central processing units sitting beside them were treated as a solved problem, cheap, plentiful, and interchangeable. That as…