Enflame Technology opens subscriptions September 2 for a 6-billion-yuan Shanghai STAR Market IPO, becoming the last of China’s four major GPU companies to go public as Beijing accelerates domestic chip development.
Tag: China tech
Posted inTech
China’s Top Internet Regulator Issues 2026–2030 Plan to Push Firms to Build AI Chips
China’s Cyberspace Administration has issued a 21-measure sectoral plan for 2026–2030 directing informatization and cybersecurity companies to develop advanced AI chips, improve foundation models, and pursue AI agents and embodied intelligence.
Posted inTech
Apple Tests Chinese CXMT Memory Chips for iPhones as Senate Warns Against the Move
Apple is evaluating DRAM from China’s CXMT for use in iPhones and MacBooks, according to reports from August 9, while bipartisan US senators warn against sourcing chips from Chinese suppliers.
Posted inTech
China Weighs Export Controls on AI Models, Training Data and Use of TSMC
China’s Ministry of Commerce is consulting AI and chip companies on export controls that would restrict overseas access to Chinese AI models, training data, and ban use of TSMC for Chinese chip designs.
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China Consults Alibaba and ByteDance on Curbing Overseas AI Model Access
China is consulting Alibaba and ByteDance on restricting foreign downloads of AI model weights, in a move that could end Beijing’s open-source AI advantage.
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EU Fines AliExpress a Record €550 Million Under Digital Services Act
The European Commission imposed its largest-ever Digital Services Act penalty on Alibaba’s AliExpress on Monday, citing systemic failures to detect and remove counterfeit and dangerous products.
Posted inMarkets
CXMT Prices Asia’s Largest IPO of 2026 at $8.6 Billion
China’s leading DRAM chipmaker Chang Xin Memory Technologies priced an $8.6 billion Shanghai listing with 212-times investor demand, targeting a debut on July 27 at an $85 billion valuation.
Posted inTech
China Launches 29-Nation AI Cooperation Body at Shanghai Conference
China launched WAICO on July 16, a new 29-nation AI cooperation body, at the Shanghai World AI Conference as Beijing challenges US-led governance frameworks.
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Moonshot AI Launches Kimi K3, the World’s Largest Open-Weight AI Model
Moonshot AI launched Kimi K3 on July 16 with 2.8 trillion parameters and a 1 million-token context window, placing third on GDPval benchmarks and releasing full weights on July 27 — the largest open-weight AI model yet from any lab.
Posted inTech
China’s GLM-5.2 beats GPT-5.5 on coding benchmarks at a fraction of the cost
Z.ai’s open-weight GLM-5.2, trained on Huawei silicon by a US-blacklisted Chinese startup, has outscored OpenAI’s GPT-5.5 on two leading coding benchmarks and costs roughly one-sixth as much to run.