12 h. ago Moore Threads, named 'China's Nvidia', soars 425% in blockbuster debut

Moore Threads, named 'China's Nvidia', soars 425% in blockbuster debut  Euronews.com

Politics

15 h. ago Moore Threads shares jump fivefold in Shanghai trading debut in rush for 'China's Nvidia'

Moore Threads shares jump fivefold in Shanghai trading debut in rush for 'China's Nvidia'  Yahoo Finance

Politics

15 h. ago Moore Threads aspires to become ‘leading global player’ in AI chips after IPO

Moore Threads, a five-year-old graphics processing unit (GPU) developer created by Nvidia’s former China chief, aspires to become one of the leading global players in artificial intelligence chip development, its founder and CEO Zhang Jianzhong said. Zhang, Nvidia’s China general manager from 2006 to 2020, was quoted as saying by the official Shanghai Securities Journal that the start-up would introduce a new-generation chip each year to provide key hardware for China’s AI development. “Our goal...

Politics

19 h. ago China Chipmaker Moore Threads Soars 502% After $1.1 Billion IPO

China Chipmaker Moore Threads Soars 502% After $1.1 Billion IPO  Yahoo Finance

Economics

21 h. ago 'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing

'China's Nvidia' Moore Threads surges over 400% on trading debut after $1.1 billion listing  CNBC

Economics

22 h. ago Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year. Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. China’s benchmark CSI300 Index slipped 0.1 per cent. The surge in Moore...

Politics

37 h. ago China’s top AI chip firms set for bumper IPOs as Nvidia kept out of market

China’s Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) amid Beijing’s tech self-sufficiency drive. Beijing-based GPU maker Moore Threads, which was 4,000 times oversubscribed after launching its 8 billion yuan (US$1.13 billion) initial public offering (IPO) last week, will be listed on Shanghai’s Nasdaq-style Star Market on Friday, according to a...

Economics

8 d. ago Stampede for Moore Threads’ IPO as China flexes its GPU ambitions

Chinese onshore investor frenzy for artificial intelligence chips has intensified, with the initial public offering (IPO) of Beijing-based graphics processing unit (GPU) maker Moore Threads drawing more than 4,000 times subscription from retail investors this week. The red-hot demand for Moore Threads highlights China’s determination to build home-grown alternatives to Nvidia’s chips, and is expected to accelerate listing plans for other domestic GPU developers, from MetaX to Biren...

Politics

1 week ago European EDM festival Tomorrowland makes China debut in Shanghai

The renowned European electronic music festival, Tomorrowland, made its China debut in Shanghai on Saturday. Held for the first time indoors, the electronic dance music (EDM) festival drew thousands of ravers to the Hero Dome. Many say the EDM genre has become mainstream in China’s music scene.

Politics

1 week ago Video | European EDM festival Tomorrowland makes China debut in Shanghai

Video | European EDM festival Tomorrowland makes China debut in Shanghai  South China Morning Post

Culture