The bank behind China’s AI listings bonanza

In China in August 2026 (9 August), the technology and AI sector was in the news on several fronts. The Financial Times wrote about the bank behind China’s AI listings bonanza, and Nikkei Asia wrote that China’s ‘national team’ is battling an AI stock rollercoaster. Moore Threads, described as China’s ‘Nvidia alternative’, posted 147.42% growth in first-half revenue. Global Times wrote that China’s market structure improved in the first half as AI and robots drive emerging industries.

Apple is testing memory chips from China’s CXMT for iPhones and MacBooks, according to the Wall Street Journal and Reuters. Apple also deleted a guide on how Mac users in mainland China can access Alibaba’s Qwen AI. Chinese electric vehicle sales in Europe reached a new high, which puts tariffs under scrutiny, according to The Guardian. Shein found its warehouse experiment in Vietnam disappointing and is returning to China, and Süddeutsche Zeitung wrote that software with a trojan in an electric car from China can spy on the surroundings and the driver.