China Tech

Alibaba reports Q1 revenue up 9% YoY to ~$40B, meeting est., and net income down 75% to ~$1.6B due to heavy AI spending and weak domestic retail consumption (www.bloomberg.com)
2026-8-20 Retail Alibaba AI

Sources: Beijing allowed ByteDance and Tencent ~10K Nvidia H200 chips each in mainland China in recent weeks; US licenses permit the H200 in China and Hong Kong (www.ft.com)
2026-8-20 China Hong Kong Tencent Nvidia

Sources: Beijing allowed ByteDance and Tencent to each receive about 10,000 Nvidia H200 chips at their mainland China facilities in recent weeks (www.ft.com)
2026-8-19 China Tencent Nvidia

Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand (www.bloomberg.com)
2026-8-18 Xiaomi

Alibaba says its new open-source multimodal model, Qwen3.8-27B, passed 1M+ downloads within a few days of release, making it one of its fastest-growing models (www.theinformation.com)
2026-8-18 Alibaba

Alibaba's Alipay launches a new “all-in-one” platform for businesses to use AI agents to automate tasks; Alibaba's stock jumps 5%+ and is up 40%+ since June (www.bloomberg.com)
2026-8-18 Alibaba AI Alipay

Alibaba's open-weight models have accumulated 3B+ global downloads in the past six months; Hugging Face: Google had 418M downloads while Meta had 227M in 2026 (www.bloomberg.com)
2026-8-16 Google Alibaba

Alibaba releases weights for Qwen3.8 models under Apache 2.0 license, including Qwen3.8-27B, which it says beats Qwen3.7-Plus and excels in real-world coding (x.com)
2026-8-15 Alibaba

Sources: Alibaba is nearing a deal to sell its Lingxi Games to PE firm Trustar Capital at a potential $1.5B+ valuation, as Alibaba continues its reorganization (www.bloomberg.com)
2026-8-14 Alibaba

Sources: Apple trained a China-specific LLM with Alibaba's support, which would make Apple the first foreign company to offer a proprietary AI model in China (www.reuters.com)
2026-8-14 China Alibaba AI Apple

CXMT overtakes Tencent to become the most valuable Chinese company, with a ~$524B market cap, above Tencent's ~$510B; CXMT's Shanghai shares jumped 460%+ at IPO (www.bloomberg.com)
2026-8-14 China IPO Tencent Shanghai

CXMT overtakes Tencent to become the most valuable Chinese company, with a ~$524B market cap, above Tencent's $510B; CXMT's Shanghai shares jumped 460%+ at IPO (www.bloomberg.com)
2026-8-13 China IPO Tencent Shanghai

Lenovo reports Q1 revenue up 43% YoY to $26.94B, its highest quarterly revenue growth in five years, as AI-related revenue rose 60% YoY to $9.3B, 35% of total (www.reuters.com)
2026-8-13 AI Lenovo

Former Alibaba star researcher Junyang Lin launches Shanghai-based Pragmatik Labs to build digital and physical AI agents; Pragmatik hit a $2B valuation in June (www.theinformation.com)
2026-8-12 Alibaba AI Shanghai

Tencent reports Q2 revenue up 11% YoY to ~$30.4B, above ~$30B est., and net income of ~$8.3B, driven by surging WeChat advertising and resilient game spending (www.bloomberg.com)
2026-8-12 WeChat Tencent

Sources: Alibaba plans to ask heavy commercial users of its next Qwen open model for a share of revenue; Moonshot's Kimi K3 requires up to a 30% revenue share (www.reuters.com)
2026-8-7 Alibaba

Alibaba says its 2.4T-parameter Qwen3.8-Max tops Moonshot's Kimi K3 on some benchmarks and it plans to release Qwen3.8-Max's and Qwen3.8-27B's weights next week (www.bloomberg.com)
2026-8-5 Alibaba

Alibaba prices Qwen3.8-Max at $2 per 1M input tokens and $6 per 1M output tokens via its API, below Kimi K3's $3/1M input tokens and $15/1M output tokens (www.theinformation.com)
2026-8-3 Alibaba

Alibaba says its 2.4T-parameter Qwen3.8-Max tops Kimi K3 on some benchmarks, and plans to release the open weights of Qwen3.8-Max and Qwen3.8-27B next week (www.bloomberg.com)
2026-8-3 Alibaba

Sources detail the troubled development of Tencent's ambitious, GTA-like game Last Sentinel, which has burned hundreds of millions of dollars over six years (www.bloomberg.com)
2026-8-3 Tencent

Sources: Moonshot has a computing power agreement with Alibaba for the use of ~20K Nvidia chips; some say the deal is for H200 chips, which Alibaba denies (www.bloomberg.com)
2026-7-31 Alibaba Nvidia

These refurbished Lenovo Chromebooks are on sale for $55 (www.bleepingcomputer.com)
2026-7-30 Lenovo

CXMT's IPO prospectus showed Alibaba had a ~5% stake, which is now worth $20B+, a nearly 20x return, based on CXMT's ~$464B closing market cap on July 28 (www.scmp.com)
2026-7-29 IPO Alibaba

Tencent's Hong Kong-listed shares fall ~7%, the most since April 2025, as investors worry over “rumors” of weaker earnings on August 12, and NetEase drops 5%+ (www.bloomberg.com)
2026-7-22 Hong Kong Tencent

Singapore-based Ant International, a payments company which spun out of Ant Group in 2024, raised $1.2B from investors including Ant Group and Alibaba (www.reuters.com)
2026-7-21 Alibaba Singapore

Source: Tencent is in talks to acquire Israeli game developer SuperPlay in a deal valuing SuperPlay at $1B-$1.5B; Playtika acquired SuperPlay in 2024 for $690M (www.calcalistech.com)
2026-7-21 Israel Tencent

The EU fines Alibaba's online marketplace AliExpress €550M for failing to do enough to prevent the sale of illegal products, the largest DSA fine to date (www.ft.com)
2026-7-20 Alibaba

Filing: Zhongji Innolight, China's leading optical transceiver maker, aims for an $8B Hong Kong IPO, the city's largest since Alibaba's $12.9B debut in 2019 (www.bloomberg.com)
2026-7-20 China Hong Kong IPO Alibaba

Alibaba launches preview of 2.4T parameter Qwen3.8 Max, says it's comparable to frontier AI models and second only to Fable 5, will make it “open-weight soon” (www.bloomberg.com)
2026-7-20 Alibaba AI

Alibaba open-sources its chip software, following similar plays from Huawei and Moore Threads, as Chinese GPU makers try to break the dominance of Nvidia's CUDA (www.scmp.com)
2026-7-19 China Alibaba Nvidia

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