Most Blackwell chips are made in Taiwan.Given the new U.S. global security posture, on top of the identical ethnicity of leaders in Taiwan and China, Taiwan vs. China is a distinction that makes increasingly less of a difference. Taiwan's Blackwells are China's Blackwells.Teortaxes▶️ (DeepSeek 推特🐋铁粉 2023 – ∞) (@teortaxesTex):My guess: just like with previous slander about DeepSeek&smuggling, nothing will come out of it. If they have Blackwells, they'll use them in a discreet manner, for inference or experim ...

There's a news hook for today and it involves Alibaba, which is why the share price is up almost 5% after uh and also helping Chinese tech across the board after the company launched a data center in southern China. Okay, not huge news, but it's powered by 10,000 of its own AI chips. And to your point, no Nvidia anywhere in the picture, and that's not an isolated move.So, Deep Seek is a Chinese AI startup. It's about to release its next model V4. And it's going to run entirely on Huawei's Ascend chips.Accor ...

🇨🇳 LATEST: DeepSeek confirms V4 models will run entirely on Chinese silicon using Huawei chips amid US export restrictions, per The Information. https://t.co/QzuKGNd2Qa ...

Financial Data and Key Metrics Changes - Cheche Group achieved adjusted net income of RMB 11.6 million or $1.7 million for the full year 2025, a significant improvement from an adjusted net loss of RMB 24.8 million in the prior year, marking a swing of over RMB 35 million [5] - Total written premiums increased by 11% year-over-year to RMB 27 billion or $3.9 billion for the full year 2025 [14] - Net revenues for the full year 2025 were RMB 3.0 billion or $430.4 million, a decrease of 13.3% year-over-year, primarily due to the higher proportion of NEV premiums [16] Business Line Data and Key Metrics Changes - NEV premiums represented 24.1% of total written premiums in the second half of 2025, up from 17.2% in the prior year period, and 23.4% for the full year 2025, up from 13.6% in the prior year [15] - The total number of policies issued grew from 17.3 million to 20.3 million for the full year 2025 [14] Market Data and Key Metrics Changes - Cheche's partnerships with 16 NEV manufacturers generated 1.2 million embedded policies and RMB 3.7 billion in written premiums in the second half of 2025, representing year-over-year growth of 61.8% and 63.9% respectively [15] - Chinese automakers are exporting over 8 million vehicles annually, creating a demand for intelligent data-driven insurance and financial services [12] Company Strategy and Development Direction - The company is transitioning from a transactional insurance platform to an AI-powered intelligent insurance ecosystem, focusing on enhancing operational capabilities through AI [4][10] - Cheche aims to deepen existing partnerships with NEV manufacturers and expand into international markets, leveraging its digital insurance and financial technology capabilities [11][12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the business model despite fee rate compression and expressed confidence in the trajectory of the business moving into 2026 [4][13] - The company anticipates a significant increase in NEV premiums for 2026, projecting growth between 66.7% and 90.5% year-over-year [29] Other Important Information - The company reported RMB 160.8 million or $24.4 million in cash equivalents as of December 31, 2025 [22] - Cheche expects adjusted net income to multiply several folds compared to the full year of 2025 [23] Q&A Session Summary Question: What will drive strong adoption of NEV premiums? - Management emphasized the integration of AI across workflows to enhance efficiency and the use of AI tools to extend capabilities across the insurance value chain [30][31] Question: Can you explain your fintech solutions for international expansion? - Management described strategic partnerships with automotive brands to support Chinese automakers in their overseas expansion, leveraging digital insurance capabilities [32][33] Question: How is AI being leveraged to reduce operating costs? - Management acknowledged the internal use of AI to support operations but did not provide specific details in the response [45]

Financial Data and Key Metrics Changes - Cheche Group achieved adjusted net income of RMB 11.6 million or $1.7 million for the full year 2025, a significant improvement from an adjusted net loss of RMB 24.8 million in the prior year, marking a swing of over RMB 35 million [5][21] - Total written premiums increased by 11% year-over-year to RMB 27 billion or $3.9 billion for the full year 2025, with a total of 20.3 million policies issued, up from 17.3 million in the prior year [14][15] - The company reported a net revenue of RMB 3.0 billion or $430.4 million for the full year 2025, a decrease of 13.3% year-over-year, attributed to a higher proportion of NEV premiums [16] Business Line Data and Key Metrics Changes - NEV premiums represented 24.1% of total written premiums in the second half of 2025, up from 17.2% in the prior year period, indicating a shift towards higher margin business [15][16] - The number of NEV-embedded policies reached 2.0 million for the full year 2025, with corresponding premiums growing 91.0% to RMB 6.3 billion [15] Market Data and Key Metrics Changes - The company has established partnerships with 16 NEV manufacturers, generating significant growth in embedded policies and premiums [15] - Cheche Group is expanding its international presence, particularly in Asia and Latin America, leveraging its digital insurance and financial technology capabilities [12][33] Company Strategy and Development Direction - The company is transitioning from a transactional insurance platform to an AI-powered intelligent insurance ecosystem, focusing on enhancing operational capabilities through AI [4][6] - Cheche Group aims to deepen relationships with existing partners and expand its offerings within the NEV market, moving towards dynamic risk management [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of the business, anticipating significant growth in NEV premiums and adjusted net income for 2026 [22] - The company is focused on cost management and operational efficiency, with total operating expenses decreasing by 19.6% for the full year 2025 [19] Other Important Information - The company reported RMB 160.8 million or $24.4 million in cash equivalents as of December 31, 2025, indicating a solid financial position [22] - Cheche Group plans to announce advancements in AI-driven auto pricing capabilities, which are expected to expand its addressable market [11] Q&A Session Summary Question: What will drive strong adoption of NEV premiums in 2026? - Management highlighted the integration of AI across workflows and the use of driving behavior data to enhance pricing, risk management, and fraud detection [30][32] Question: Can you explain your fintech solutions for international expansion? - The company has formed strategic partnerships with automotive brands and is leveraging its digital insurance capabilities to support Chinese automakers in their global expansion [33]

Chinese-American Professor Behind Huawei-Backed Power Chip Wafer Maker Becomes BillionaireZhao Jianhui, the 66-year-old chairman of Epiworld International, joins the billionaire ranks following his company’s $209 million Hong Kong IPO.Read more: https://t.co/BbTIDiJ9wh https://t.co/lT6Vm8nwRj ...

AccurateRay (@ray4tesla):Chinese influencer Li Chi flew from China to California for the sole purpose of experiencing Tesla FSD firsthand. Here are his impressions:“Flew 25,000 km — half the globe — just to personally experience Tesla’s smart driving and compare it with Huawei’s smart driving.I’ll https://t.co/WeK8du19vu ...

Chinese-American Professor Behind Huawei-Backed Power Chip Wafer Maker Becomes BillionaireZhao Jianhui, the 66-year-old chairman of Epiworld International, joins the billionaire ranks following his company’s $209 million Hong Kong IPO.Read more: https://t.co/BbTIDiJ9wh https://t.co/lG6923jYc0 ...

Group 1 - Huawei's development of its own AI chip has not yet resulted in significant revenue growth compared to its competitors, as the company aims to close the gap with U.S. firms in the AI sector [1] - Revenue from external cloud computing customers decreased by 3.5% in 2025, totaling 32.16 billion yuan ($4.6 billion) [1] - Huawei remains the second-largest cloud provider in mainland China despite the decline in external cloud revenue [1] Group 2 - Overall cloud revenue, including internal customers, increased by 4.8% to 72.8 billion yuan, indicating some growth in the broader cloud segment [2] - The ICT infrastructure segment, which includes Huawei's Ascend AI chip solutions, experienced a slowdown in revenue growth to 2.6%, down from 4.9% in 2024 [2] - Huawei's total ICT revenue for 2025 reached 375.01 billion yuan, reflecting the company's overall performance in the technology sector [2]

Financial Data and Key Metrics Changes - In 2025, the company achieved revenue of CNY 3.23 billion, representing a year-on-year increase of 12.9% [6] - The net profit attributable to shareholders for the full year stood at CNY 5.64 billion, a year-on-year increase of 71.9% [7] - The overall expense ratio for 2025 was 11.6%, down 0.8 percentage points compared to 2024 [8] Business Line Data and Key Metrics Changes - Handset products revenue grew by 8.6% year-on-year, driven by a premiumization strategy [9] - Vehicle revenue increased by 21.3% year-on-year, benefiting from rising penetration rates of advanced intelligent drives [11] - XR business revenue declined year-on-year, but revenue from AR smart glasses camera modules surged by 800% [12] Market Data and Key Metrics Changes - The global handset market is forecasted to contract by 12.9% in 2026, yet the company expects its handset business to grow against this trend [19] - Revenue from major overseas clients is projected to grow by over 100% in 2026 [21] - The company anticipates that revenue from the pan-IoT business will grow rapidly, exceeding 60% [30] Company Strategy and Development Direction - The company has identified four high-certainty growth opportunities for the next five years, including AI-enabled wearable smart hardware and robotics [4] - A spin-off listing of the vehicle business is planned to maximize its value and deepen collaboration across the industrial chain [22][23] - The company aims to leverage optical perception as a core starting point for strategic deployment across various information domains [4] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high-quality growth in 2026 despite external complexities and industry fluctuations [1] - The company plans to continue driving growth from both product and client sides, particularly in high-end products [19] - Management highlighted the importance of AI technology in transforming the vehicle optics sector and enhancing driving safety and user experience [22] Other Important Information - The company achieved a gross margin of 19.1% in 2025, driven by premiumization and an increased share of high-margin vehicle business [7] - The company has established a full-stack software algorithm and integrated hardware-software solution capabilities [3] - ESG commitments include reaching carbon peak emissions by 2028 and achieving carbon neutrality by 2050 [39][40] Q&A Session Summary Question: Future R&D plans and revenue from transmission-based products - Management indicated plans for establishing research institutes and focusing on semiconductor production and packaging [44][45] Question: XR market outlook and volume changes - Management noted that while VR is stable, AR is evolving and expects significant growth in AR glasses within the next few years [54] Question: Investment strategy and cooperation with external parties - Management emphasized the importance of ecosystem collaboration and plans to bring in new partners for development [58] Question: Value layout and long-term focus areas - Management discussed the integration of optics and AI, focusing on mass production and system solutions [65][66] Question: AI optical communication direction - Management confirmed a shift towards CPU packaging technology for future products [70] Question: Handset revenue growth related to overseas customers - Management acknowledged growth from major overseas clients but could not disclose specific details [76] Question: Impact of storage issues on handsets - Management acknowledged challenges in the handset business but expressed confidence in achieving growth through strong client relationships [81]