Leading Chinese microchip maker SMIC (0981.HK; 688981.SH) said its revenue rose to $1.9 billion in the second quarter from $1.56 billion yuan a year earlier, while its gross profit dropped to $265 million from $317 million over that time. Its gross margin fell to 13.9% in the second quarter from 20.3% in the second quarter of 2023.
Yatsen finds new beauty in AI, biotech and automated manufacturing
The company is using technology for things like new ingredient discovery as Chinese consumers seek increasingly individualized products Key Takeaways: Yatsen is turning to AI and other high-tech methods as…
