Search results for MetaX
AI & Enterprise
China\'s MetaX lockup expiry for 14 million shares raises fears of Moore Threads-style plunge
China AI chipmaker MetaX will see about 14 million previously locked-up shares enter the market from Sept. 17, drawing attention to whether selling pressure will spread across Chinese AI semiconductor stocks. The market is wary after Moore Threads slid 20 percent after its lockup ended. MetaX shares have fallen more than 22 percent in the past week, though analysts say the expiry does not signal weakening fundamentals.
AI & Enterprise
China\'s DeepSeek nears 11 trillion won funding from Tencent, CATL; valuation seen up to 90 trillion won
Chinese AI startup DeepSeek is nearing the completion of its first external fundraising round since its founding. The funding is expected to exceed 50 billion yuan, while the company has been valued at close to $60 billion, reports said. Participants are said to include Tencent, NetEase, JD.com and battery maker CATL, as well as venture capital firms. Founder and CEO Liang Wenfeng plans to invest about 20 billion yuan of his own money.
AI & Enterprise
China\'s big tech accelerates move away from Nvidia even as H200 availability floated
China\'s big tech companies said they will step up production and adoption of their own AI chips this year, accelerating localisation of key AI infrastructure parts even as a possible return by Nvidia to China is being discussed. Tencent and Alibaba outlined plans to expand use of China-designed semiconductors and in-house chips. Reuters reported U.S. approval for some H200 purchases, but supply remains unclear, and Chinese firms may not place orders.
