1. [para. 1] Apple Inc. is testing memory chips from China's CXMT Corp. for iPhone and MacBook product lines to address memory shortages caused by the AI boom. The Wall Street Journal reported that Apple has begun preliminary discussions on component supply with CXMT, intending to use its chips in select devices sold in China. Additionally, CXMT is considering building a second memory chip factory in Beijing to boost production capacity.
2. [para. 2] Shein Global Holdings Ltd. is significantly downsizing its operations in Vietnam, according to Reuters. The fast-fashion retailer leased a 15-hectare bonded warehouse near Ho Chi Minh City during the U.S. tariff dispute, but the leased area has been reduced to 6 hectares. Mass layoffs started in April, with some teams retaining only one-quarter of their staff.
3. [para. 3] Chinese GPU company Moore Threads Technology Co. Ltd. plans to issue H-shares and list on the Hong Kong Stock Exchange Main Board. Its financial report for the first half of 2026 showed revenue of 1.7 billion yuan, a 147.4% year-on-year increase, surpassing its full-year 2025 revenue. The net loss narrowed 52.4% to 151 million yuan.
4. [para. 4] ByteDance Ltd. CEO Liang Rubo stated at a companywide meeting that the company is prepared to sacrifice short-term AI model standing for long-term technological foundation. While Doubao consumer AI app and Seedance video model are competitive, ByteDance's large-language models have fallen behind leading overseas models. Liang said the company will continue developing its own foundation models and accept being behind for a period to optimize for the long term.
5. [para. 5] Apple's official website briefly published a support document detailing how to use Alibaba's Qwen model with Apple Intelligence on Mac devices. The document stated that Siri could use Qwen for more in-depth answers, and the Qwen writing tool could generate text or images based on descriptions. However, the manual was removed from the website the next day.
6. [para. 6] Unitree Robotics opened online and offline subscriptions for its IPO on the Shanghai Stock Exchange's STAR Market at an issue price of 150.8 yuan per share. This listing makes it the first humanoid robot stock in the A-share market, with a market value of around 61 billion yuan, potentially exceeding 100 billion yuan due to lack of comparable targets.
7. [para. 7] AI chipmaker Cambricon Technologies Corp. Ltd. reported revenue of 6 billion yuan for the first half of 2026, a 108% year-on-year increase, and net profit of 2.2 billion yuan, up 137.3%. The company's products achieved large-scale commercial deployment in finance and internet sectors, focusing on large models, multimodal systems, and search recommendations.
AI generated, for reference only
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