Dutch government is relinquishing control of Chinese-owned chipmaker Nexperia

Experts warn that reliance on foreign-made open models poses significant risks to the US supply chain and innovation in artificial intelligence. This dependency could hinder the country's competitive edge against China in the rapidly evolving tech landscape.

Kuaishou, China's second-largest short-video platform, has reported profits that exceed estimates, largely due to significant investments in artificial intelligence as competition in the sector intensifies.

PDD Holdings Inc. reported a 9% increase in revenue, indicating a gradual recovery in its Chinese operations. This growth comes as the company's international arm, Temu, stabilizes following disruptions caused by U.S. policies. The positive sales performance reflects a rebound in consumer spending in China, suggesting that PDD is navigating challenges effectively and adapting to market conditions.

Apple Inc. has experienced a significant increase in its iPhone sales in China, with the iPhone 17 series contributing to a 37% rise in monthly smartphone sales. This surge has allowed Apple to capture a 25% market share in the competitive Chinese smartphone market, indicating strong demand for its latest devices. The growth in sales reflects Apple's successful strategy in one of its most important markets, showcasing the brand's resilience and popularity among consumers.

Xiaomi Corp. has rapidly declined from being a market favorite to the worst-performing Chinese technology stock, primarily due to uncertainties surrounding its electric vehicle (EV) ambitions and challenges in the smartphone sector. The company's struggles reflect broader market trends and competitive pressures, making a swift recovery difficult.