Apple tests memory chips from CXMT
Apple Inc. is testing memory chips from China’s CXMT Corp. for product lines including iPhone and MacBook to alleviate memory shortages driven by the AI boom, The Wall Street Journal reported on Sunday. Citing sources familiar with the matter, the report said that Apple has begun preliminary discussions on component supply with CXMT, aiming to use its chips in select devices sold in China. Reuters previously reported that CXMT is considering building a second memory chip factory in Beijing to boost production capacity.
Shein scales back bonded warehouse operations in Vietnam
Shein Global Holdings Ltd., currently preparing for an IPO, is significantly downsizing its operations in Vietnam, Reuters reported on Monday, citing six sources familiar with the matter. During the U.S. tariff dispute last year, the fast-fashion retailer began leasing a 15-hectare bonded warehouse near Ho Chi Minh City. The facility was once the largest of its kind in Vietnam, employing thousands of people. However, two sources said that the leased area has now been reduced to 6 hectares, and another source with direct knowledge of the matter noted that only one-third of the originally planned site was put into use. Warehouse workers said that mass layoffs began in April, and more are expected, with some teams retaining only one-quarter of their staff and others seeing even higher turnover.
Moore Threads plans Hong Kong IPO
Chinese graphics processing unit company Moore Threads Technology Co. Ltd. announced on Sunday that it plans to issue H-shares and apply for a listing on the Main Board of the Hong Kong Stock Exchange. The move follows a similar announcement in June by domestic peer Metax Integrated Circuits (Shanghai) Co. Ltd. On the same day, Moore Threads released its financial report for the first half of 2026, showing revenue of 1.7 billion yuan ($252 million), which surpassed its full-year revenue for 2025 and represented a 147.4% year-on-year increase. Its net loss narrowed 52.4% year-on-year to 151 million yuan.
ByteDance accepts AI gap, sticks with in-house models
ByteDance Ltd. is prepared to sacrifice its short-term standing in the global AI model race to build a stronger technological foundation, CEO Liang Rubo told employees at a companywide meeting. Liang said on Thursday ByteDance’s Doubao consumer AI app remained competitive and its Seedance video-generation model was at the technological frontier, but the company’s large-language models had fallen further behind leading overseas models, according to people familiar with the meeting. Liang said that ByteDance would continue developing its own foundation models. The company needs to “accept being behind in large-language models for a period of time and keep optimizing for the long term,” he said.
Apple briefly posts Qwen guide for Mac
Apple’s official website published a support document on Saturday detailing how to use Alibaba Group Holding Ltd.’s Qwen model with Apple Intelligence on Mac devices. The document explicitly stated that Apple Intelligence could work with Qwen, noting that Siri could use the model to provide more in-depth answers for certain requests and that the Qwen writing tool could generate text or images based solely on descriptions. However, the manual was removed from Apple’s website on Sunday and the relevant page has since reverted to its previous version regarding the use of ChatGPT with Apple Intelligence.
Unitree opens STAR Market IPO subscriptions
Unitree Robotics officially opened online and offline subscriptions for its initial public offering on the Shanghai Stock Exchange’s STAR Market on Monday after setting its issue price at 150.8 yuan per share. The listing will make it the first humanoid robot stock in the A-share market and establish a secondary-market pricing benchmark for the embodied intelligence sector. Based on a post-issue total of 404.4 million shares, Unitree Robotics will have a market value of around 61 billion yuan, exceeding the previously estimated 42 billion yuan. Due to the lack of comparable targets in the A-share market, analysts estimate that its valuation could easily surpass 100 billion yuan.
Cambricon first-half profit more than doubles
AI chipmaker Cambricon Technologies Corp. Ltd. reported on Friday that its revenue for the first half of 2026 surged 108% year-on-year to 6 billion yuan. Its net profit rose 137.3% to 2.2 billion yuan. The company’s financial report stated that its products achieved continuous, large-scale commercial deployment in core industries such as finance and the internet during the first half. In the internet sector, Cambricon focused on adapting its technology for key applications like large models, multimodal systems and search recommendations, while expanding scenarios for large-scale training technologies.
