BRIEF: Alibaba to develop AI-powered iPhone with Apple for China

Alibaba Group Holding Ltd. (BABA.US; 9988.HK) and Apple Inc. (AAPL.US) have reportedly agreed to jointly develop and produce an iPhone equipped with artificial intelligence (AI) capabilities for the Chinese market,…
GDS explores listing for data center property REIT

GDS moves closer to breakup with REIT spinoff plan

The company could break itself into three pieces next year, one a China-based REIT, one for its China-based data center business, and one for its global data center business Key…
SMIC revenue rises, but profit falls

BRIEF: Zhipu raises 3 billion yuan in new funding

AI large model unicorn Zhipu AI announced the completion of a new 3 billion yuan ($412 million) funding round, including participation by multiple strategic investors and state-backed entities. The funds…