Nvidia restarts production of H200 chips for China
Nvidia Corp. has obtained a U.S. license to sell its advanced H200 artificial intelligence (AI) chips to Chinese customers and has restarted production to meet demand, CEO Jensen Huang said. Orders are advancing and the supply chain is recovering, Huang told Caixin and other media outlets on Tuesday during Nvidia’s GTC conference in San Jose, California. The breakthrough ends a roughly 10-month freeze on Nvidia’s advanced chip supplies to the world’s second-largest economy.
Tencent profit rises 16%
Tencent Holdings Ltd. reported a 16% increase in annual profit for 2025, supported by overseas gaming revenue that exceeded $10 billion for the first time and its cloud computing unit achieving its first large-scale profit. For 2025, the Shenzhen-based tech company posted net profit attributable to shareholders of 224.8 billion yuan ($32.5 billion), according to its earnings release Wednesday. Annual revenue rose 14% to 751.8 billion yuan, accelerating from 2024, though profit growth slowed.
Tencent to launch Hunyuan 3.0 in April, build WeChat AI agent
Tencent Holdings Ltd. plans to launch its next-generation Hunyuan 3.0 large language model in April and is developing an advanced AI agent for its super-app WeChat, as the tech giant accelerates its push into generative AI. The moves underscore Tencent’s strategy to embed advanced AI across its ecosystem of more than 1 billion users, challenging rivals in China’s highly competitive AI landscape. By upgrading its foundational model while building new applications for WeChat, Tencent aims to leverage its product strengths and vast user base, even as it faces constraints such as shortages in computing power.
Alibaba Cloud raises prices for AI computing and storage products
Alibaba Cloud announced Wednesday that it will raise prices for select AI computing and storage products starting April 18, citing surging global demand for AI and rising hardware procurement costs. Prices for several AI computing products will increase by 5% to 34%, while CPFS storage for intelligent computing will see a 30% price hike. The cloud computing unit of Alibaba Group Holding Ltd. attributed the adjustment to a spike in token usage driven by an explosion of AI agent applications during the Lunar New Year holiday, adding that it is redirecting scarce AI computing resources to support its token business.
Xiaomi unveils new flagship model
Xiaomi Corp. on Wednesday launched Xiaomi MiMo-V2-Pro, a new flagship foundational model designed for high-intensity AI agent application scenarios. The model features more than 1 trillion parameters, and utilizes a hybrid attention architecture that supports a context length of 1 million tokens.
