Tech Brief (March 13): China Plans to Accelerate AI Legislation

Published: Mar. 13, 2026 12:02 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

Cambricon swings to profit

Cambricon Technologies Corp. Ltd. reported a net profit of 2.1 billion yuan ($306 million) for 2025, rebounding from a net loss of 452 million yuan in 2024, according to its annual report released Thursday. Revenue surged 453.2% year-on-year to 6.5 billion yuan. The artificial intelligence chipmaker plans to distribute a cash dividend of 15 yuan per 10 shares and issue 4.9 additional shares for every 10 shares held by shareholders, using its capital reserve.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

DIGEST HUB

Digest Hub

Back

Explore the story in 30 seconds

Cambricon Technologies reported a 2025 net profit of 2.1 billion yuan and 453.2% revenue surge, announcing dividends and bonus shares.
AIsphere secured $300 million in Series C funding to advance AI video models and global talent recruitment.
China aims to accelerate AI legislation, while agencies warn of OpenClaw security risks in industry; two new commercial rockets plan maiden flights by 2026.

AI generated, for reference only

Who’s Who

Cambricon Technologies Corp. Ltd.: Cambricon Technologies Corp. Ltd., an AI chipmaker, reported a net profit of 2.1 billion yuan ($306 million) in 2025, a significant rebound from a net loss in 2024. Its revenue surged by 453.2% year-on-year to 6.5 billion yuan. The company plans to distribute a cash dividend and additional shares to its shareholders.

AIsphere: AIsphere is an AI video generation startup that recently secured $300 million in a Series C funding round. Led by CDH Investments' Hong Kong fund, CDH VGC, and CDH Baifu, the funding will be used to advance its video foundation models, research real-time world models, and build a global talent team.

CDH Investments: CDH Investments, a Chinese alternative asset manager, led a $300 million Series C funding round for AI video generation startup AIsphere. The investment was made through its Hong Kong fund, CDH VGC, and CDH Baifu.

China Ruyi Holdings Ltd.: China Ruyi Holdings Ltd. participated in the Series C funding round for AIsphere, an "AI video generation startup." They were among entities contributing to the $300 million raised, which will fund model iteration, research, and team building.

37 Interactive Entertainment Network Technology Group Co. Ltd.: 37 Interactive Entertainment Network Technology Group Co. Ltd. participated in the Series C funding round for AIsphere, an AI video generation startup. The round raised $300 million and was led by CDH Investments' Hong Kong fund, CDH VGC, and CDH Baifu.

E-Town Capital: E-Town Capital was among the participants in AIsphere's $300 million Series C funding round. AIsphere, an AI video generation startup, will use these proceeds to advance its video foundation models, research real-time world models, and build a global talent team.

China Aerospace Science and Technology Corp. Commercial Rocket Co. Ltd.: China Aerospace Science and Technology Corp. Commercial Rocket Co. Ltd. (中国航天科技集团有限公司商业火箭公司) is the entity behind the Long March 12B rocket. This new-generation, reusable rocket, designed for commercial launches, is set for its maiden flight from Jiuquan Satellite Launch Center in the first half of 2026. It can carry about 20 tons to low-Earth orbit.

Interstellar Glory Aerospace Science and Technology Co. Ltd.: Interstellar Glory Aerospace Science and Technology Co. Ltd., or i-Space, plans for its Hyperbola-3 rocket to have its maiden flight and recovery test by the end of 2024. The flight will take place at the Hainan Commercial Spacecraft Launch Site and will be a medium-to-large liquid oxygen-methane rocket. Hyperbola-3 will use an offshore recovery plan, which saves fuel compared to a land-based recovery.

AI generated, for reference only

What Happened When

2025：: Cambricon Technologies Corp. Ltd. reported a net profit of 2.1 billion yuan, rebounding from a net loss in 2024.

March 12, 2026：: Cambricon Technologies Corp. Ltd. released its annual report for 2025 and announced dividend and bonus share plans.

March 12, 2026：: AIsphere announced the completion of a $300 million Series C funding round.

March 12, 2026：: Minister of Justice He Rong stated China will accelerate AI and low-altitude economy legislation research and promotion in 2026 during the 14th National People’s Congress.

March 12, 2026：: The National Industrial Information Security Development Research Center issued a risk warning regarding OpenClaw's industrial application.

AI generated, for reference only