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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.

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.

Industry

YMTC parent CCSH prepares for Shanghai IPO after CXMT debut

CCSH, the parent of Chinese NAND flash leader Yangtze Memory Technologies Co (YMTC), is pushing ahead with a Shanghai listing, drawing attention to whether it could rewrite China’s memory chip IPO records. CCSH plans to offer 1.98 billion to 2.43 billion shares, or 10 to 12 percent of its capital after a capital increase, with a 15 percent overallotment option. It earmarked 33 billion yuan for projects, including production upgrades and R&D.