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AI & Enterprise

Nvidia China AI chip shipments fall 44 percent, Huawei share jumps

Nvidia\'s share of China\'s data centre AI chip market fell to 34 percent as U.S. export restrictions hit shipments, while Huawei raised its share to 28 percent, narrowing the gap to 6 percentage points. Nvidia shipped 678,000 AI accelerators in China in January-June 2026, down 44 percent from a year earlier. Non-GPU accelerators surged, and IDC said competition is shifting toward operating large interconnected chip clusters efficiently.

Mobility

Tesla begins Cybercab display in China, rules out sales and commercial robotaxi operations

Tesla is publicly showing its Cybercab in China for the first time but drew a line under any link to local sales or commercial operations of a driverless ride-hailing service. The display begins on Sept. 17 and runs at venues in Beijing and Shanghai through late September. Tesla said the event is to present the product’s design and technology concept, noting the two-seat vehicle lacks a steering wheel and pedals and cannot be registered for consumer sale.

AI & Enterprise

DeepSeek nears fundraising at 500 billion yuan valuation, prepares for 2027 IPO

Chinese artificial intelligence startup DeepSeek is in the final stage of raising new funding based on a valuation of about 500 billion yuan. The company is seeking around 50 billion yuan, with the round expected to close by late August, the South China Morning Post reported. The fundraising aligns with listing preparations, with sources saying it may file by year-end and target a 2027 debut. DeepSeek has raised API prices amid intensifying competition.