It's 9 a. m. in Shanghai, Shenzhen, and here in Hong Kong, you're watching the China show.I'm David Ingles with Yvonne Man. We are counting down to the open markets in Greater China today. Let's get to your top stories.Stocks across the Asia-Pacific rising on a subdued U.S. inflation reports easing concerns here about imminent fed rate hikes. The S&P 500 is within striking distance of a fresh record, but U.S. listed Chinese shares slipped. We'll be watching Tencent in Hong Kong after 80 hours fell, with mar ...

SHERY: THIS IS ASIA TRADE, I'M SHERY AHN IN TOKYO. ASIA STOCKS SET FOR GAINS AS A TEMA U.S. INFLATION REPORT EASES CONCERNS OF A FED HIKE. AN AUCTION OF 10-YEAR TREASURY HIKES DRAWING CONCERNS.TECH EARNINGS AND FOCUS WITH CISCO'S QUARTERLY REVENUE AND PROFIT BEAT FAILING TO MEET INVESTORS HIGH EXPECTATIONS. SERENE -- CEREBRAS TUMBLING. BIG BOOTHS IN AI SPENDING.WE WILL SEE IT CATCH UP WITH RIVALS. HAIDI: TAKE A LOOK AT THE SET UP OF TRADING ACROSS ASIA. SOMETHING OF A SIGH OF RELIEF WHEN IT COMES TO THE HOT ...

Industry Trends & Ecosystem - Chinese open-weight models have rapidly emerged, closing the lead previously held by the United States and creating widespread market panic [1] - Nvidia, cloud vendors, and infrastructure enterprises support open weights to drive greater demand for servers, computing power, and hardware deployments [3] - Leading US closed-source model developers face mounting industry pressure as open-weight alternatives erode traditional commercial barriers [3] Business & Commercialization - Open-weight model providers generate revenue through cloud service consumption, proprietary enterprise deployment, customized fine-tuning, and managed API services [2] - Moonshot AI's Kimi K3 license requires businesses with monthly active users exceeding 100 million or monthly revenue surpassing 20 million dollars to display official branding or sign commercial agreements [2] - Moonshot AI has reached an annualized recurring revenue (ARR) of 300 million dollars [2] Technology & Risk Management - Open-weight models such as Meta's Llama and Alibaba's Qwen implement varied commercial licenses, ranging from custom community agreements to MIT and Apache 2.0 licenses [2] - Industry stakeholders debate the security risks of frontier open-weight models, focusing on potential malicious misuse and the practice of model distillation [3]