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Chinese banks and carriers have turned AI tokens into rewards, monthly plans and collateral

Chinese banks, telecom carriers and a Guangzhou district have started packaging AI tokens as credit card rewards, monthly plans and a basis for business lending. Research across 25 European languages finds tokeniser fertility ranges from 1.23 tokens per word in English to about 3.1 in Greek and Maltese. Banks, telecom carriers and a district government […]

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Export controls went after China’s chips. They never touched the capital, and Moonshot is reportedly seeking $5bn.

Moonshot AI is considering raising up to $5bn in a Hong Kong initial public offering as soon as this year, Bloomberg reported on Friday. Dong Cao, Julia Fioretti, Pei Li and Luz Ding sourced the account to people familiar with the matter, who asked not to be identified because the information is private. The Beijing lab […]

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UBS says China is unlikely to match ASML’s top tool this decade

UBS analysts say China’s lithography programme is at roughly the stage ASML reached in 2004 and will not produce a viable EUV alternative within a decade. They also expect China to reach high-volume manufacturing of immersion DUV machines in two to five years, which is the category the Dutch government controls through export licences. China […]

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A Chinese court has frozen Nexperia’s stakes in four of its own subsidiaries

A court in Dongguan has frozen Nexperia’s shareholdings in four of its Chinese subsidiaries, worth about 2.14 billion yuan, with the order remaining in place until August 2029. The order took effect in the last week of August, Reuters reported. The assets include Nexperia’s stakes in semiconductor operations in Wuxi and Shanghai, as well as […]

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Chinese memory maker CXMT sues Pentagon to get off US list

CXMT has sued the US Department of Defense in Washington seeking removal from the list identifying it as a Chinese military company, a designation that blocks defence contracts without restricting commercial sales. The company is the world’s fourth-largest DRAM maker and passed Tencent this month to become China’s most valuable listed company. CXMT has sued […]

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BYD doubled its 1,500kW charging network in five months and wants to double it again by December

BYD opened its 10,000th Flash Charging station on 28 August, doubling the network in under five months, with each connector rated at up to 1,500kW. European rules require a charging pool on the core road network to deliver 400kW in total this year, rising to 600kW by 2027. BYD opened its 10,000th Flash Charging station […]

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A rethink for China’s carmakers as regulators tell them to fix quality, not add features

Four Chinese ministries have begun a yearlong vehicle quality campaign that bars carmakers from changing technical parameters through over-the-air updates after test samples are sealed, with penalties including suspension from the product catalogue. A separate mandatory standard requires physical controls for 19 functions from July 2027. Four Chinese ministries have launched a yearlong inspection campaign […]

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This graphite-free battery could break China’s grip on the EV supply chain

Pure Lithium says a laboratory cell with no graphite anode completed 9,315 charge and discharge cycles with almost no capacity loss, a result no third party has validated. The EU wants to process 40% of its own strategic raw materials by 2030 and cap any single country at 65%, while China processes more than 90% […]

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Nvidia ships first H200 chips to China, but expects no data-centre revenue from them

Nvidia shipped its first H200 processors to China under a new US licensing scheme, and they accounted for less than 1% of $89B in quarterly data centre revenue. Its $108B forecast for the current quarter assumes no data centre computing revenue from China at all. Nvidia has started shipping H200 processors to China and told […]

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