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8/27
00:24
NVIDIA released its earnings report and held a conference call after market close on August 26, providing its first full-year revenue guidance for fiscal year 2028, projecting a 70% increase, significantly higher than the market's previous expectation of approximately 45%. To secure HBM and DRAM capacity supply for the next two years, the company substantially increased its purchase commitments from $119 billion in the previous quarter to $279 billion. This move is expected to put pressure on gross margins, with a projected median gross margin of 74% for Q3, further decreasing to 71%-72% in Q4. Additionally, NVIDIA expects Q3 revenue to reach $108 billion, a nearly 90% year-over-year increase and an $11.8 billion sequential increase, primarily driven by strong demand in its data center business.
00:23
DSC Holdings Chief Financial Officer Qin Zou stated that the company is nearing break-even, highlighting data insights and digital infrastructure as key competitive advantages in supporting used-car dealers. Zou made the remarks during an exclusive interview on "Bloomberg: The China Show."
00:17
The firm may need to change its ways as its size and risk appetite increase.
00:12
Zinc prices extended their rally for a seventh consecutive day, holding near a four-year high. Futures on the London Metal Exchange climbed as much as 1%, with spot metal commanding a widening premium over futures, signaling near-term supply tightness across metals markets.
00:08
Zhipu AI confirmed on Thursday that the Ox Alpha model, previously tested anonymously, is its newly released GLM-5.3-Flash (320B-A18B). The model scored 57 points on the Artificial Analysis Intelligence comprehensive intelligence index, on par with Anthropic's Claude Opus 4.8, and higher than DeepSeek's flagship model V4 Pro's 53 points. Zhipu AI also disclosed that the model accumulated over 50 trillion tokens in traffic on the OpenRouter and OpenCode platforms within 5 days, more than double that of DeepSeek. All traffic was handled by a cluster of over 100,000 domestically produced chips, achieving hardware efficiency and per-token cost comparable to mainstream NVIDIA GPUs.
00:05
Data released by the Asset Management Association of China on Wednesday showed that the net assets under management (AUM) of domestic mutual funds shrank by 560 billion yuan (US$83.3 billion), or 1.4% month-on-month, in July to 39.11 trillion yuan. This decrease ended a four-month period of mutual fund growth, with investors diversifying portfolios amid a sell-off in semiconductor shares, which helped boost China's private funds.
8/26
23:57
In its latest research report, the Huatai Securities fixed income team pointed out that the proportion of debt financing in China's AI chain is still relatively low, but the financing demand from domestic large technology companies (big tech firms) has increased since Q2 2026. The report estimates that under different capital expenditure growth assumptions, the total domestic AI financing demand from 2026-2030 will be between 1.27-3.5 trillion yuan, corresponding to new onshore bond supply of 91.3-260.8 billion yuan, with an average annual supply of 18.3-52.2 billion yuan. The report mentioned that Tencent's capital expenditure in Q2 2026 increased by 176% year-on-year to 52.784 billion yuan, and its free cash flow turned negative for the first time; Alibaba's capital expenditure in Q2 2026 increased by 75% year-on-year to 67.678 billion yuan, and it announced a proposed placement of HKD 80 billion in new shares for AI development. Factors restricting onshore bond issuance include the procurement of high-end chips denominated in USD, institutional friction from the Red-chip VIE structure, and the relatively short maturities of onshore private enterprise bonds.
23:57
SoftBank is in talks to acquire a majority stake in humanoid robot developer 1X Technologies, valuing the deal at approximately $6 billion, according to sources familiar with the matter at The Information. Negotiations are ongoing, and terms could change. If the deal goes through, it would be SoftBank's most substantial bet in the humanoid robotics sector to date and would provide 1X with ample funding to advance the research, development, and commercialization of its soft robots for home environments. SoftBank CEO Masayoshi Son has explicitly stated that "physical AI is SoftBank's next frontier." Previously, OpenAI had also discussed a potential acquisition with 1X but ultimately did not proceed.
23:52
MiniMax released its H1 2026 results on August 26, with total revenue reaching $116.6 million, a year-on-year increase of 283%. Among this, revenue from the open platform and AI enterprise services was $73.9 million, a year-on-year increase of 703%, accounting for 63% of total revenue. The company's August Annual Recurring Revenue (ARR) has exceeded $800 million, significantly surpassing Jefferies' previous forecast of $580 million. Although the gross profit margin for the first half was under pressure at 17.9%, management expects an improvement in the second half. Both UBS and Jefferies maintained a "Buy" rating for MiniMax, with Jefferies raising its target price to HK$533.
23:45
Japan's Financial Services Agency (FSA) has registered Smartround Securities as a brokerage for secondary market trading of unlisted stocks. This move aims to broaden Japan's private market and attract more investment into domestic startups. The platform will provide investors with a more efficient way to buy and sell shares, thereby facilitating the flow of capital to growth companies, and is expected to improve corporate governance and transparency for unlisted companies, ultimately enhancing the quality of Japan's IPO market.
23:30
According to The Information, NVIDIA agreed to acquire open-source AI platform Hugging Face for $12.9 billion on August 26, local time. This acquisition aims to hedge against the threat posed by closed-source AI giants like OpenAI developing their own chips, and to gain control over the distribution channels and technical intelligence of the open-source AI ecosystem. The Hugging Face platform hosts over 1 million community-contributed AI models and has over 18 million monthly active visitors. Just days before this deal, Stripe also acquired AI model routing platform OpenRouter for over $8 billion, highlighting that AI "middleware" infrastructure is becoming a core strategic target for large companies.
23:24
The company stated it used 100,000 China-made chips to handle all online requests for GLM-5.3-Flash, which was stealth-launched globally a week ago on August 20 under the code name "Ox Alpha." The model ranked first by usage on the global OpenRouter platform last week. Z.ai's rival MiniMax also saw its shares climb around 3%.
23:22
The Information reported late Wednesday that Nvidia had struck a $12.9 billion deal to acquire Hugging Face, a repository for open-source AI tools. Business Insider reported earlier in the evening that the parties had been holding talks over a deal that could value Hugging Face at north of $13 billion.
23:15
Qatar's Foreign Ministry spokesperson announced on Wednesday that Prime Minister Sheikh Mohammed would visit Tehran on Thursday to discuss de-escalation with Iranian officials and create conditions for resuming dialogue between Iran and the United States. Iran also confirmed the visit. The visit comes as the conflict between the U.S. and Israel against Iran enters its sixth month, with no diplomatic breakthrough in sight. U.S. President Donald Trump stated on Wednesday that he was not in a hurry to resume negotiations, believing that both economic and military actions were effective. Iran's foreign minister, however, sent a letter to the United Nations, condemning the new U.S. sanctions as "acts of state and economic terrorism." The issue of passage through the Strait of Hormuz was also a key point of discussion, as oil flow through the strait has dropped to a three-month low. Previously, Oman's foreign minister and Pakistan's army chief of staff also visited Tehran in succession, seeking to resolve the conflict.
23:09
On August 27, A-shares fluctuated higher in early trading, with the STAR Market 50 Index rising over 3% during the session, and both the Shenzhen Component Index and ChiNext Index rising over 1%. Computing power hardware and chip semiconductor sectors led the gains, with concept stocks in optical communication, optical modules, HBM, optical circuit switches, and storage chips all surging. In terms of news, Dapu Micro previously announced on August August 26 that the company had signed a $515 million sales order for enterprise-grade PCIe SSDs with a client, and on August 24, it announced a net profit of 1.334 billion yuan for the first half of 2026, turning losses into gains.
23:04
The Bank of Korea announced on Thursday that it would raise its benchmark interest rate by 25 basis points to 3%, marking the second consecutive rate hike by the central bank to address stronger-than-expected economic growth momentum and persistent inflation pressures above target levels. This interest rate decision was not unanimous, with one of the seven monetary policy board members voting to keep rates unchanged. The central bank also maintained its CPI growth forecast for 2026 at 2.7% and noted that inflation would remain above the target level for a considerable period. Furthermore, the Bank of Korea specifically highlighted several financial stability risks, including continuous increases in housing prices in the Seoul metropolitan area, ongoing expansion of household debt, and an increase in leveraged stock investments.
22:51
A USAID report has found that more than 100 employees of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) participated in the Hamas atrocities on October 7, 2023.
22:34
Private equity firm KKR will pay a record $250 million to settle a U.S. Justice Department lawsuit over its acquisition filings. KKR stated that it strongly disagrees with the U.S. allegations and that its "conduct was in good faith."
22:34
The Bank of Korea (BOK) raised its benchmark rate by 0.25 percentage point to 3% at its regular rate-setting meeting on Thursday, marking the highest level since January 2025. This is the central bank's second straight rate hike, aimed at curbing mounting inflationary pressure.
22:30
Still, StarkWare says Bitcoin needs a protocol-level upgrade to make it fully safe from quantum computing threats.
22:20
NVIDIA (Nvidia) announced record second-quarter revenue of $9.62 billion, exceeding analysts' expectations, with its earnings report and guidance setting the tone for Thursday's Asian stock market trading. As a result, Asian stock markets were mixed, with the initial boost from chip stocks somewhat diminished.
22:11
Chinese biopharmaceutical firm Akeso announced on Wednesday that its immunotherapy drug ivonescimab had outperformed AstraZeneca’s Imfinzi in a head-to-head phase-three trial for biliary tract cancer. Ivonescimab has already been licensed by the US firm Summit Therapeutics in a multibillion-dollar deal.

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