Tobias

Shenzhen’s Skyworth Digital warns of 65%-76% year-on-year net profit slump for H1 2025 amid China’s smart device price wars, with core operational profit mirroring the plunge. Despite holding market share in 8K set-top boxes and VR solutions, average product prices fell 18-22% as market growth slowed to 4.7%. Increased R&D focuses on industrial metaverse and AIoT ecosystems, but analysts question if innovation can counter pricing pressures in commoditized hardware sectors.

By CNBC AI News, July 8 – WeChat Coral Safe, the content moderation arm of Tencent&#…

Huawei Music’s mid-year review highlights diverse listening habits and emerging trends. Tang Hanxiao and Lady Gaga led charts, showcasing popular new music. The platform analyzes listening across various scenarios like in-car and headphone use, and offers specialized content for spatial audio, hi-res, and cultural heritage music. With millions of tracks and advanced audio technologies, Huawei Music aims for immersive and diverse user experiences.

China has released a White Paper on Intelligent Driving Technology and Industrial Development, co-authored by CATARC, Tsinghua University, and Huawei. This document sets industry standards for intelligent driving, emphasizing safety, operational coverage (0-150 km/h), 360-degree protection, object recognition, all-weather performance, and human-intelligent driving integration. It aims to guide consumers towards trustworthy systems and clarify common misconceptions about smart driving features.

A “2025 Global AI Super App TOP 50” list highlights significant growth in the AI application market, which surpassed $500 billion. The ranking features prominent Chinese apps like DeepSeek and Doubao alongside global leaders such as ChatGPT and Gemini. Meitu’s inclusion is attributed to its strong user base and AI innovation, particularly in image and design. The list emphasizes AI apps’ evolution into societal infrastructure driving widespread technological advancement and democratization.

Jiangsu Times Core-Tech Semiconductor (AMS), China’s last unfinished 300mm wafer fab, has officially collapsed. The restructuring investor, Huaxinjiejian, defaulted on its obligations, terminating the revival efforts. AMS was declared insolvent, its equity written off. Previous shareholder AMT clarified its exit and continued support for AMS’s remaining procedures. The ambitious project, plagued by debt and operational issues, ultimately failed to restart, marking a significant blow to China’s semiconductor ambitions.

Mandopop superstar Jay Chou is reportedly poised to join Douyin, with his fan club confirming the establishment of a private account. Speculation suggests a deal in the high nine figures, a significant move from his previous platform, Kuaishou. This transition highlights the crucial role of music in short-video content creation and discovery.

Changxin Technologies (CXMT), a leading Chinese DRAM memory chip manufacturer, has begun its IPO process. Established in 2016, CXMT focuses on DRAM research, development, manufacturing, and sales. The company, valued at 150.8 billion yuan in its latest funding round, has secured significant backing from investors including the National Integrated Circuit Industry Investment Fund, Alibaba, and Tencent. CXMT’s IPO could make it the first “Storage Chip Stock” listed on the A-shares market, boosting domestic chip manufacturing.

A three-year-old boy was fatally struck by a truck in Dali City, Yunnan. The driver claims the child was in his blind spot. Legal experts suggest the driver likely bears primary responsibility for failing to observe the road adequately, despite using signals and honking. The incident highlights the duty of care for drivers in pedestrian-heavy areas.

Meta is aggressively acquiring top AI talent, notably hiring Ruoming Pang, former head of Apple’s foundational models team. This strategic move, reportedly driven by a lucrative compensation package, highlights Meta’s drive to bolster its AI capabilities amidst intense industry competition. Pang’s departure may impact Apple’s AI team morale, as the company seeks to advance its AI initiatives.