China GPU Maker Moore Threads Earns Its First Core Profit as Sales Jump 1,774%
Third-quarter revenue reached RMB1.55 billion, and profit excluding one-off items turned positive at RMB20.07 million for the first time.
DAILY BRIEF · 10 STORIES
The October 29, 2026 brief
Unitree Lifts Revenue 70% as R&D Spending Cuts Into Profit
Third-quarter net profit fell 17.4% to RMB113 million in Unitree’s first results since its STAR Market debut, while R&D spending rose 249.6%.
China’s CXMT to Start AI Memory Production Despite Yields as Low as 20%
CXMT expects limited HBM3E output within two months after sampling Chinese AI chip designers, while only 20% to 30% of its chips meet specification.
HP and Asus Bring Some PC Production Back to China as AI Lifts Costs
HP, Asus and Acer are moving part of their output from Thailand and Vietnam to Chinese contract makers such as Luxshare, Huaqin and Longcheer.
China’s Iluvatar CoreX Says Its Tiangai 300 GPU Matches Nvidia’s H200
The Hong Kong-listed chip designer cited a third-party test putting single-card throughput at 1.05 times the H200 as it demonstrated the GPU in Shanghai.
Bloomberg Intelligence Says China Will Lead AI Models and Seven Other Fields by 2030
The research unit expects China to lead in eight of 17 strategic industries, while domestic chips cover only a fifth of advanced AI training demand.
AI Hardware Supplier Dongshan Precision Slips Below Offer Price in Hong Kong Debut
The circuit-board maker’s HK$9.9 billion H-share sale drew 0.52 times retail demand, and the stock closed at HK$86.15 against an HK$86.80 offer.
Liepin Data Shows a Quarter of China’s Programmers Switching Tracks as AI Pays More
Traditional coding openings fell 8% this year on the recruiter’s platform, while software and algorithm jobs in new-technology fields rose 20.4%.
Malaysian Customs Seizes 30 AI Servers in Fifth Case Tied to Suspected Syndicate
The servers, worth about RM49.5 million and declared as electronic components, were to be re-exported to another Asian country without a permit.
IDG-Backed Robot Startup PHYMI Launches Sagi to Work Without Maps
Founded in March by a former DeepRoute.ai partner, PHYMI unveiled its first robot seven weeks after a seed round of nearly US$100 million.