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The Latest Breaking News from Tencent

China's Nvidia Rival Just Hit The Stock Market. Enflame Is Riding The AI Chip Boom And Soaring.

The Shanghai listing raised about $912 million to fund Enflame's next generations of AI processors, even as the company remains unprofitable.

International Business Times

Global Market: Tencent-backed Enflame soars 200% in blockbuster Shanghai IPO debut

Tencent-backed Shanghai Enflame Technology surged nearly 200% in its Shanghai debut after raising $912 million through its IPO. Strong investor demand reflects China’s push for domestic AI chips amid US restrictions. Despite rapid revenue growth, Enflame remains loss-making and heavily dependent on Tencent, which accounted for 83.79% of 2025 revenue.

The Economic Times

South Korean gaming tycoon ordered to pay record £1.4bn divorce settlement

Smilegate founder Kwon Hyuk Bin told to transfer 35 per cent stake in company to ex-wife

The Independent UK

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WeChat's 1.4 Billion Users Faced a Dangerous Security Flaw. AI Helped Turn It Into a Self-Spreading Worm.

Palo Alto cybersecurity company Calif described WeWorm as the first known zero-click worm that can spread through WeChat calls on both Apple's iOS and Google's Android.

International Business Times

China’s AI capex jumps 105% YoY, but Jefferies says US cloud giants face greater risks

Chinese tech giants sharply increased AI capital expenditure in Q2 2026, driven by inference demand and chip availability. However, Jefferies sees greater sustainability risks in US cloud spending, highlighting rising capex relative to revenue and the challenge of monetising AI infrastructure investments.

The Economic Times

Startup launches 27-inch glasses-free spatial 3D display for under $1200 on Kickstarter

ViewX has launched a Kickstarter campaign for glasses-free 3D displays in 15.6-inch and 27-inch sizes, backed by Tencent's software technology.

TechRadar

Chinese AI chipmaker Enflame aims to raise $908 million after setting Shanghai IPO price

Enflame Technology, a prominent Chinese AI chip manufacturer, is set to raise over $900 million through its IPO in Shanghai. This initiative aligns with China's ambition for technological independence following US export restrictions on chips. The firm intends to confront Nvidia's stronghold in the AI chip sector, channeling the raised…

The Economic Times

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XPeng’s Top Secret AI Robotics Program Outshines EV Woes

XPeng shares fell near $11 on an automotive sales miss, but a $900 million funding round valuing its Dogotix robotics unit at $6.3 billion suggests the market may be undervaluing the company's EV business.

MarketBeat

Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO

In late June, Airwallex raised $320 million in a Series H funding round led by Addition, which valued the cross-border payments platform at $11 billion

Fortune

China shifting massive AI data center complexes to rural provinces to tap surplus energy — ‘Eastern Data, Western Computing’ strategy has Chinese tech giants Huawei and Tencent building AI infrastructure Guizhou

Chinese tech giants are putting up data centers in rural Chinese provinces with zero resistance. The abundance of land and energy in these areas allowed infrastructure to easily be built with limited issues, although some experts still question how much development they can bring to these areas.

Tom’s Hardware

Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors

The Hangzhou-based startup, founded in 2016, has quickly become something akin to a national champion in China's robotics sector.

Fortune

First Nvidia H200 shipments reach China, ByteDance and Tencent take deliveries as Beijing loosens its import block — most licensed chips must stay in Hong Kong, which can't power them

Beijing wants most of each company's U.S.-licensed allowance, which the FT puts at up to 100,000 units apiece, kept off the mainland.

Tom’s Hardware

Memory maker CXMT overtakes Tencent to become China's most valuable company 17 days after its IPO — now worth $524 billion

ChangXin Memory Technologies (CXMT) is now the world's most valuable Chinese company after passing Tencent.

Tom’s Hardware

Vibe-coding startup Lovable raises $400 million at $13.3 billion valuation

Menlo Ventures and the EQT-managed Scaleup Europe Fund co-led the round. Tencent, Balderton Capital ‌and other ⁠new ⁠investors from Europe, Latin America and Asia also participated.

The Economic Times

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news in one place.

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Euronews

New AI rules leave Chinese users mourning their virtual boyfriends and girlfriends

ByteDance, Alibaba and Tencent have pulled their AI companion apps after Beijing introduced rules aimed at protecting users' mental health and preventing emotional manipulation, particularly among children and teenagers.

Fortune

Forget DeepSeek. China's real ‘Sputnik moment’ is happening on campus as American universities lose their advantage

China's tech rise runs deeper than any single breakthrough. Its universities generate critical technology patents at 8x the U.S. rate

PC Gamer

Tencent's cyberpunk rival to Grand Theft Auto is in trouble as its developer lays off 80 people

Lightspeed LA says it will "shift the creative and development direction" of Last Sentinel.

Caixin Global

Tech Brief (July 31): ByteDance Reshuffles Workplace Tool Feishu in AI Push

Robotics startup Unitree launches $620 million STAR Market IPO, Zhongji Innolight slides in Hong Kong debut following $7 billion IPO

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Fortune

TSMC and Tencent break into the top 100 of the Fortune Global 500 list, as Asia rides the AI boom

Here's who's rising, and who's debuting, from Asia on this year's Global 500, Fortune's ranking of the world's largest companies by revenue.

PC Gamer

Memory chipmaker CXMT sees shares surge 466%, becomes one of China's most valuable listed companies right below Tencent

'It's hard to say the optimism is sustainable.'

The Economic Times

China's memory chip makers ride AI boom to new power, US scrutiny

Chinese chipmakers CXMT and YMTC are now dictating memory chip prices globally. These companies are securing significant deals with major Chinese tech firms. Both firms are preparing for blockbuster initial public offerings soon. They face scrutiny from the United States over military ties and market power. Expanded manufacturing capacity aims…

Barchart

3 Hong Kong AI Stocks to Buy Now If You Want to Invest Like Michael Burry

Michael Burry is turning bullish on beaten-down Hong Kong AI stocks, JD.com, Alibaba, and Tencent, which could offer compelling long-term upside as the AI race enters its next phase.

PC Gamer

Final Fantasy 14's attempt to take the MMO mobile is over before the world even gets the chance to see it

A Realm Re-gone.

International Business Times UK

'He Really Is Like My Family, Like My Lover': China's AI Rules Trigger Digital Breakups

China's AI rules forced major tech groups to remove chatbot companion features, prompting thousands of farewell posts.

Fortune

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

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