By Doug Young & Rene Vanguestaine

E-commerce upstart Temu has sued fast-fashion sensation Shein in the U.S., accusing it of anti-competitive behavior. Will a U.S. judge agree? And big private equity has been notably absent from investing in China’s vibrant AI sector these days. Why are these big-name investors avoiding the space, and what impact might that have on the sector’s development?

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China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.

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Biren announces $518 million share placement

AI general-purpose graphics processing unit (GPGPU) supplier Shanghai Biren Technology Co. Ltd. (6082.HK) on Thursday announced a new share placement to raise HK$4.04 billion ($518 million). Combined with a previous…