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Huawei and over 30 Chinese firms are developing DeepSeek AI-powered devices to enhance domestic technology and reduce reliance on foreign AI solutions. The initiative aims to boost the Chinese server market to $7.4 billion by 2025, with applications in finance, healthcare, and public services. Inspur Group's all-in-one servers and Huawei's Atlas 800I A2 are among the first to leverage DeepSeek's capabilities, supporting various AI models and ensuring compliance with local regulations.
The country's foreign trade began the year weakly, impacted by US tariffs on Chinese goods, despite a temporary suspension of tariffs on Canada and Mexico. Global markets showed significant declines, particularly in technology stocks, amid rising bond yields and concerns over economic growth. The euro strengthened against the dollar, while oil prices stabilized, though concerns about trade disputes continue to weigh on demand forecasts.
China is launching a government-backed fund to mobilize 1 trillion yuan (US$138 billion) for technology startups, focusing on semiconductors, renewable energy, AI, and quantum technology. The "national venture capital guidance fund" will operate as a public-private partnership, targeting seed-stage companies with a higher risk tolerance and exploring emerging fields like hydrogen energy storage. This initiative is part of China's strategy to enhance AI applications, increase venture capital investments, and promote technological self-reliance.
Unitree, a Chinese robotics firm, has established a new subsidiary, Shenzhen Tianyi Technology, to concentrate on intelligent and service robots. This expansion follows the creation of similar subsidiaries in Beijing and Shanghai, as the Shenzhen robotics industry aims to develop a 100 billion yuan humanoid robotics sector by 2027, targeting an industry cluster of 1,200 firms.
Tesla's sales in mainland China plummeted by 51.5% in February, with 30,688 Model 3 and Model Y vehicles delivered, marking the lowest figures since July 2022. This decline reflects a broader trend in the Chinese EV market, which saw a 3% drop in overall deliveries, totaling 720,000 units.
Huawei's Aito M8 crossover received an impressive 21,000 orders within six hours of its presale launch in China, with 7,500 orders in the first hour alone. Priced at 368,000 yuan (approximately 50,650 USD), the M8 features a powerful 526 hp dual-motor system and a mixed range of 1,526 km. Concurrently, the updated Aito M9 garnered 11,000 orders, starting at 478,000 yuan (about 65,790 USD).
Global dividends reached a record $1.75 trillion in 2024, marking a 6.6% increase, driven by significant contributions from new dividend initiators like Meta and Alphabet. The financial sector led the growth, while mining and transport sectors saw declines. Despite regional disparities, the overall trend reflects a strong commitment to returning capital to shareholders, with forecasts suggesting continued growth into 2025.
Seven & i Holdings is set to announce a new CEO and a restructuring plan amid a $47 billion takeover bid from Alimentation Couche-Tard. Stephen Dacus, the lead outside director, is expected to succeed Ryuichi Isaka, marking the first time a foreign-born executive will lead the company. The restructuring may involve selling non-core assets to Bain Capital for over 700 billion yen, as the company faces pressure from investors and a competitive bidding landscape.
The Australia 200 index fell 63 points (-0.78%) to 8077, marking its eleventh decline in 14 sessions, despite positive global news. The energy sector dropped 5.9% this week, while the financial sector nears February lows. In contrast, the technology sector gained, buoyed by a rally in the US Tech 100.
Huawei's Aito M8 and updated M9 crossovers have begun presales in China, with the M8 priced at 368,000 yuan (50,650 USD) and the M9 at 478,000 yuan (65,790 USD). The M8 features a dual-motor 4WD system and a range of 1,526 km, while the M9 boasts ten tech updates, including enhanced ADAS with four LiDAR sensors. Deliveries for both models are set to commence soon, with the M8 launching in April and the M9 this month.
Chinese Yuan
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Chinese firms develop deepseek ai servers to boost local technology market
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