The proprietary model adds a new layer to Apple’s planned Chinese AI stack, where Qwen integration and Baidu technology are also expected, but the companies have not explained how responsibilities will be divided.
DeepSeek has reportedly resumed talks for a second funding round of nearly USD 8 billion at an estimated USD 74 billion valuation, only months after raising USD 7 billion at USD 52 billion. Discussions remain in progress and terms may change; the proposed capital is tied to data-centre and chip requirements as the Chinese AI developer expands paid access to its models.
JD.com’s helmet combines voice control, a camera, route guidance and safety functions. Full-time couriers will receive the first devices free before a broader rollout whose timing and scale remain undisclosed.
The Shanghai GPU developer is preparing for a possible listing by year-end with Huatai International, but the offering remains unannounced and its terms have not been disclosed.
Zhang Yichen, chairman and CEO of Citic Capital Holdings, argues that buyout funds and M&A, rather than IPOs, will define China's next capital market cycle as the country seeks to establish "patient capital" and resolve the exit bottleneck for private equity funds. A proposed national M&A fund and regulatory reforms could reshape the landscape.
