To The Moon

TMTPOST -- Microsoft has introduced its first in-house data processing unit (DPU), named the Azure Boost DPU, to enhance performance and efficiency in its cloud servers. Announced at the Microsoft Ignite event, the custom silicon is designed to handle intensive data workloads while consuming less power. The Azure Boost DPU uses a lightweight data-flow operating system, enabling cloud storage tasks to operate with up to three times less power and four times the performance of traditional CPUs. “Azure Boost DPU integrates high-speed Ethernet and PCIe interfaces along with network and storage engines, data accelerators, and security features into a fully programmable system on chip,” wrote Pradeep Sindu, CVP for silicon at Microsoft, in a blog post.  This DPU addition is part of Microsof

TMTPOST – Zhong Shanshan, the founder and chairman of China’s bottled water empire Nongfu Spring, on Wednesday demanded an apology from Zhang Yiming, the founder of ByteDance, for verbal attacks on the bottled water mogul allowed by ByteDance-controlled social media platforms.  “I will wait for your apology, no matter for how long,” Zhong said in a rare public response to recent controversies and criticisms surrounding him during a media communication meeting in Ganzhou, Jiangxi Province. Zhong accused ByteDance's platforms, including Taoutiao and Douyin, the sister app of TikTok, of facilitating harmful rumors and defamatory content under the guise of the "safe harbor" principle, which shields platforms from liability for user-ge

TMTPOST -- The American depositary receipts (ADRs) of Nio Inc. finished more than 0.4% higher on Wednesday, paring losses as much as 6.9% at morning trade. Shares shrugged off worse-than-expected losses for the third quarter the Chinese electric vehicle (EV) manufacturer posted earlier that day. Credit：Nio Nio missed both top and bottom line for the quarter ended September 30 2024. Total revenue declined 2.1% year-over-year (YoY) to RMB18.67 billion (US$2.58 billion), whereas analysts estimated revenue of RMB19.17 billion. On non GAAP basis, adusted net loss exccluding share-based compensation expenses was RMB4.41 billion, compared with Wall Street projected loss of RMB4.25 billion. The net loss widened 11.6% from a year ago. Non GAAP adjusted loss from operations widened 8.3% YoY to RMB4.

TMTPOST --  Nvidia Corporation stocks dipped as much as 5% in after hours on Wednesday even though the chipmaking giant  delivered robust growth fueled by the artificial intelligence (AI) boom and got ready for shipment of its cutting-edge chips on the horizon. Credit：Nvidia Nvidia posted stronger-than-anticipated top and bottom line for its third quarter of 2025 fiscal year ended October 27, though the revenue growth continued decelerating. Revnue jumped 94% year-over-year (YoY) to $35.08 billion, beating analyts’ forecast of $33.25 billion. The revenue growth slowed from a 122% YoY increase for the previous quarter. The October quarter is the first quarter that Nvidia recorded a less-than-triple-digit YoY rise since the first quarter of its 2024 fiscal year. On non-GAAP ba

TMTPOST -- Beijing Xingyun Integrated Circuit Co., Ltd. (Xingyun IC), a company founded by a Tsinghua University graduate, announced on Tuesday that it had secured billions of yuan in angel and angel+ rounds of financing. Investors in the project include several leading strategic partners and renowned financial institutions, such as Zhipu AI, Ren'ai Group, Casstar, Miracle Plus, ShuiMu Tsinghua Alumni Capital, among others. Ji Yu, the founder and CEO of Xingyun IC, told AsianFin that the company plans to achieve mass production of its AI assembler products by 2026. Founded in August 2023, Xingyun IC focuses on developing next-generation, high-performance GPU chips tailored for large model inference applications. The company’s core team consists of experts

TMTPOST -- Chinese smartphone giant Xiaomi has reported a 30.5% increase in revenue for the third quarter, driven by a recovery in the global smartphone market and strong growth in its electric vehicle (EV) business. The company’s revenue for the three months ending in September reached 92.5 billion yuan (US$12.8 billion), beating the 90.3 billion yuan estimated by analysts surveyed by Bloomberg. Adjusted net income for the quarter grew 4.4% year-on-year to 6.3 billion yuan, exceeding the forecast of 5.9 billion yuan. And its cash reserves reached 151.6 billion yuan (US$21 billion) as of September 30, up nearly 19% from a year earlier, according to data from the Beijing-based tech giant's third-quarter earnings report. In a statement, Xiaomi emphasized its commitment to its 2020-2030

TMTPOST --  After five rounds of talks concerning China-made electric vehicles (EVs) in Beijing from November 2 to 7, Chinese and the European Union technical teams have reached “technical consensus” , especailly on price commitment framework and the implementation mechanism, Yuyuan Tantian, a social media influencer affiliated with state broadcaster China Central Television (CCTV), cited professionals it didn’t identify. Credit：Xinhua News Agency According to a post on Yuyuan Tantian WeChat account, the so-called "consensus on the price commitment framework" means that the two parties in the recent round of talks agreed on the overall framework, which also suggests both parties are willing to focus resources on negotiating core interests and work hard toward

TMTPOST --  The American depositary receipts (ADRs) of Xpeng Inc. dropped as much as 8.5% before settling nearly 3.8% lower on Tuesday. Shares retreated despite the Chinese electric vehicle (EV) maker’s sales beat and upbeat delivery outlook. Credit：Xpeng Xpeng’s top line remained double-digit growth for the quarter ended September 30. Revenue surged 18.4% year-over-year (YoY) to RMB10.1 billion (US$1.39 billion), beating analysts’ projection of RMB9.77 billion. Growth of the revenue still slowed from a 60.2% YoY increase three months ago. Xpeng’s bottom line missed Wall Street expectation, though the company narrowed losses significantly. The net loss attributable to ordinary shareholders for the September quarter was RMB1.81 billion, down from net loss of RMB3.89 billion a year

TMTPOST -- China’s top  electric vehicle (EV) manufacturer  BYD Co. Ltd is working to mitigate recent tariffs on Chinese-made EVs imposed by the European Union. Credit：BYD Car plants under construction by BYD and BMW are expected to start production in Hungary in the second half of 2025, Reuters cited Hungarian Prime Minister Viktor Orban’s chief of staff said. It is reported that BMW’s plant in Debrecen of east Hungary will build its new generation of long-range, fast-charging battery-electric cars on the Neue Klasse platform, and BYD will open its first European passenger car factory in Szeged, the third largest city in Hungary. The report suggested BYD is stepping up output in Europe as part of efforts to avoid hefy EU tariffs. The European Commission disclosed October 4

TMTPOST – AsianFin and TMTPost announced Tuesday that Simon Johnson, one of the 2024 Nobel Prize laureates in Economic Sciences, will deliver a keynote speech and participate in a dialogue at the T-EDGE Conference on December 6-7 in Beijing. This marks Johnson's first public address in China since receiving the Nobel Prize.  Johnson will be joined by high-profile attendees, including Boston Dynamics founder Marc Raibert and other global tech and business leaders. At the 2024 T-EDGE Conference, Johnson will explore how artificial intelligence could transform national economies and what institutions are needed to maximize its benefits. Key questions to be addressed include: Can AI foster economic prosperity across all social strata? Are we prepared to estab