The government-owned investor also focuses on hedge funds to diversify its portfolio.

Former OpenAI researcher Tian Yonglong will succeed multimodal chief Han Hu, who has reportedly resigned.

China Southern, Air China, and China Eastern all point to fuel costs as a drag on earnings.

The hardware executive succeeds founder Henry Zhou as Pico shifts focus toward mixed reality and spatial computing.

Domestic advances span AI smartphones, chips, and supercomputing systems.

Swollen inventories, weak sell-through, and strained distributors still weigh on the industry despite the price update.

DeepSeek and others are winning on price, but concerns over foreign dependence loom.

The group is scaling back unproven store formats after its flagship brand missed growth targets.

Its ARR reportedly grew faster than Anthropic’s did at the same stage.

Shares of the “Hermes of gold” have fallen about 60%, outpacing declines among peers and the metal itself.