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AI & Enterprise

UBS says China big tech to reap AI investment gains within 2-3 years

China\'s internet giants are likely to capture a larger share of artificial intelligence profits within 2 to 3 years, UBS said. It expects pricing power to shift from upstream chip and infrastructure players to downstream internet platforms as supply constraints ease. The view comes as Tencent and Alibaba ramp up AI spending, weighing on cash flow. UBS also highlighted cost efficiency in China’s AI sector, citing lower training and API costs than global peers.

Telecommunications & Media

Huawei Korea holds \'Seeds for the Future 2026\' ICT exchange for Korean and Japanese university students

Huawei Korea ran a global ICT training and field experience program for Korean university students in Dongguan and Shenzhen in China from Aug. 23 to 30. A total of 9 students from Ajou University, Hanyang University and Yonsei University took part, along with 5 students from the University of Tokyo, Waseda University and Keio University. Participants received training in AI, 5G and digital power ICT and visited Huawei facilities, high-tech firms and universities.

Games & Commerce

Musinsa first-half operating profit 52.3 billion won, down 11.2 percent on year

Musinsa posted record first-half revenue as it expanded offline locations and grew overseas business, the company said on Sunday. On a consolidated basis, revenue rose 22.5 percent from a year earlier to 821.7 billion won, while operating profit fell 11.2 percent to 52.3 billion won. It cited higher costs and increased selling and administrative expenses tied to larger transaction volumes and investments. The company also reported a net loss related to accounting interest expenses for RCPS.