Streaming Market in Southeast Asia Heats Up as Netflix Faces Aggressive Chinese Rivals
The streaming battlefield in Southeast Asia is becoming increasingly intense.
10 h
U.S. Ends Low-Value Package Tariff Exemption, Raising Costs for Shippers and Consumers
A senior administration official stressed that this is a permanent measure, adding that any efforts to restore exemptions for trusted trading partners are “dead on arrival.”
12 h
SenseTime Reports Strong H1 2025 Results, Generative AI Drives Growth Amid Strategic Restructuring
Following the State Council’s “AI Plus” initiative, SenseTime shares surged over 10% on Wednesday, closing up 8.9%, and have risen roughly 40% since early July, with a 48.2% year-to-date increase and a market capitalization of HKD 80.829 billion (US$10.9 billion).
14 h
Binance CEO CZ Says Stablecoins Are Globalizing the Dollar, Decentralized Exchanges Will Outgrow Centralized Platforms
Looking ahead, CZ predicted decentralized exchanges will surpass centralized platforms, and Binance will not retain its top position indefinitely. On AI, CZ argued the technology should be treated as a public good, with token holders sharing profits to make large-scale models more open, decentralized, and widely accessible.
16 h
Huawei Launches Ultra-Large SSDs to Meet Soaring AI Data Demands
The company pointed to the DeepSeek R1 model, one of the largest of its kind, as a case in point. Training or fine-tuning the 671-billion-parameter system requires about 13.4 terabytes of memory—well beyond the capacity of a single machine. That, in turn, hampers efficiency and flexibility, making distributed systems and higher-capacity storage indispensable.
16 h
Lenovo Bets Big on 'Super Intelligent Agents' as China Unveils Sweeping Ai+ Initiative
Chairman and CEO Yang Yuanqing said Lenovo’s super intelligent agents—digital entities designed with human-like cognitive abilities—aim to flip the traditional human-machine relationship, making machines adapt to people rather than the other way around.
Yesterday
Hollyland Unifies Brand, Bets on Global Growth as Wireless Microphone Market Booms
According to research firm RUNTO Technology, China’s digital wireless portable microphone sales reached 4.73 million units in 2023, up 5.2% from the previous year.
Yesterday
Meituan's Loss Warning Sparks $27 Billion Rout Across China Internet Sector
“We expect there will be continued fierce competition in the near term,” Chief Financial Officer Chen Shaohui said. “That will bring negative impact on our financial results.”
Yesterday
After a 335% Surge, Is There Still Room to Get In on Crypto Concept Stocks?
Analysts note that while the company has diversified, it remains sensitive to broader market activity. For long-term believers in the crypto ecosystem, Coinbase presents a more balanced entry point, though the regulatory overhang remains a material risk.
Yesterday
China's Stock Market Looks to Shed Casino Image as Investors Mature
China’s state interventions remain a double-edged sword. Authorities have repeatedly stepped in to stabilize markets during crises, a strategy that can calm panic but risks distorting valuations and undermining investor confidence. Skeptics argue such moves hinder the development of a market driven by fundamentals.
Aug. 27, 2025
