Flash News

TREE NEWS update: Kioxia reported operating profit of about ¥1.995 trillion for its fiscal 2026 second quarter (July–September), slightly above the ¥1.95 trillion market estimate, on revenue of ¥2.48 trillion, up 40.3% quarter on quarter. The Japanese memory chipmaker guided third-quarter operating profit to roughly ¥2 trillion, below the ¥2.35 trillion consensus, and declared an interim dividend of ¥90 per share. Surging AI data storage demand drove the profit growth.

TREE NEWS update: ChangXin Memory Technologies (CXMT) reported net profit attributable to shareholders of RMB 132.04 billion for the first three quarters of 2026, reversing a year-earlier loss, on revenue of RMB 269.024 billion, up 738.51% year on year. Third-quarter revenue reached RMB 118.714 billion, up 613.18%, with net profit of RMB 54.435 billion. The company attributed the swing to global DRAM shortages that drove up sales volumes and prices while unit costs fell, lifting gross margins.

TREE NEWS update: Cursor removed a tampered Claude Code VS Code extension, version 2.1.313, from its marketplace after it was found to collect host information and attempt to implant an SSH backdoor, the company said on X. The extension was not developed by Anthropic and affected up to 5,000 users. Cursor advised users to update Claude Code to version 2.1.314.

TREE NEWS update: Alibaba’s Qoder has added a desktop interconnect feature that lets users link one Qoder desktop client to another device’s Qoder desktop, launch tasks, track progress, add requirements and preview results generated remotely. The tool previously supported remote control of desktop devices through its mobile client. The update extends Qoder’s cross-device workflow to desktop users.

TREE NEWS reports: Amazon held 164 million non-voting preferred shares of Anthropic as of September 30. The company also said it applied the remaining $21.3 billion of its committed investment to OpenAI’s Series C preferred shares in the third quarter. The disclosure details Amazon’s stakes in the two AI developers.

TREE NEWS update: CIG Shanghai’s board approved reallocating HK$1.769 billion of H-share IPO proceeds — HK$1.275 billion originally earmarked for broadband and wireless product capacity plus HK$493 million of R&D and marketing funds — toward optical module capacity expansion and equipment automation upgrades. The change still requires shareholder approval. By early September 2026 the company had reached roughly 1 million units of monthly design capacity and plans substantial further expansion over about 15 months.

TREE NEWS update: The China Council for the Promotion of International Trade (CCPIT) released the Global Intellectual Property Protection Index Report (2025), covering 25 major economies that together account for over 80% of global GDP. The index system added frontier indicators including ‘AI-related patent applications’ and ‘capacity to build IP as an economic asset,’ focusing on technological innovation capacity and IP’s economic contribution.

TREE NEWS reports: Amazon shares fell about 7% after hours and Intel dropped more than 22% as both reported quarterly results on the same evening. Amazon’s AWS revenue rose 39% to $46 billion, but free cash flow over the past 12 months turned negative at $42.4 billion. Intel guided fourth-quarter revenue to $15-16 billion, below the roughly $17 billion consensus, and projected gross margin falling back to 38%.

TREE NEWS update: Chen Yunji, deputy director of the Institute of Computing Technology at the Chinese Academy of Sciences, said at the 2026 World Laureates Forum in Shanghai Lingang that compute demand is growing tenfold each year. He said AI and integrated circuits are converging deeply, with AI assisting chip design and efficient chips accelerating AI training and inference, forming a cycle in which AI designs better AI chips while those chips advance AI technology. He said architectural innovation is needed to break through.

TREE NEWS reports: Intel shares dropped more than 23% in premarket trading after the company’s fourth-quarter guidance fell far short of expectations. The chipmaker also faced reports of an explosion at its Israel factory, while weak PC demand and constrained AI chip supply weighed on the outlook.

TREE NEWS update: Alibaba Cloud will adjust the official annual and multi-year discount rates for its ApsaraDB for ClickHouse and ApsaraDB for SelectDB prepaid products starting at midnight Beijing time on December 1, 2026. The new discounts apply to one-, two-, three-, four- and five-year orders, including new purchases, renewals and configuration changes. Products within the adjustment scope will be billed at the new rates once they take effect.

TREE NEWS update: Cursor AI identified a security incident involving a modified Claude Code VS Code extension distributed through the Cursor IDE extension marketplace, affecting no more than 5,000 users. The malicious version was not developed by Anthropic. Cursor has delisted the extension, worked with service providers to remove the malware, and the marketplace is back online.

TREE NEWS update: The Beijing Fintech Industry Alliance and 15 institutions including major state-owned banks, insurers and tech firms jointly issued a security initiative for AI agents in financial services. The initiative states that without explicit authorization from financial institutions, no party may perform screen reading, simulated clicks or automated control of financial client apps. Screenshot and screen-recording data collection must follow the called party’s security policies and must not bypass or downgrade existing protections.

TREE NEWS update: Doubao Work opened third-party large-model services to enterprise customers on the day of the announcement, with the first batch covering Kimi 3.1 Pro, GLM 5.3, and DeepSeek V4.1 Flash, among other model series. The move is aimed at supporting enterprise demand for access to multiple models.

TREE NEWS update: Foxconn expects to maintain double-digit growth next year, the company’s chairman said. The forecast points to continued expansion at the Taiwanese electronics manufacturer, a key assembler of Apple’s iPhones and a major supplier of AI server hardware. No specific revenue or earnings figures were disclosed.

TREE NEWS update: China’s Academy of Information and Communications Technology (CAICT), together with China Telecom, China Mobile, Shanghai Unicom, the Shanghai Institute of Optics and Fine Mechanics and other units, launched the ‘Leading Goose Plan’ for storage capacity on October 21, 2026, as part of the ‘Computing Power Strong Foundation’ initiative. The plan has three phases: pilot research to close storage technology gaps in AI scenarios, demonstration projects with prototype validation, and full-scale commercialization.

TREE NEWS reports: The market capitalization of JAGENT, a meme coin on the BNB Smart Chain, surpassed $8 million, GMGN data showed. JAGENT is a fair-mint meme coin built around Binance’s AI Agent ID ecosystem. The token’s rise comes as meme coins tied to AI-agent branding continue to draw trading interest on BSC.

TREE NEWS update: Baidu unveiled an upgraded search AI API at a product event in Beijing, priced at a promotional low of 4.9 yuan per 1,000 calls, below DeepSeek’s search API. The company also announced upgrades across its search box, AI camera, GUI visualization and AI interactive applications. Baidu said its search now achieves recursive self-evolution.

TREE NEWS update: China’s National Energy Administration said at a press conference on Thursday that electricity consumption from computing power is expected to increase by more than 100 billion kWh (100 TWh) annually during the 15th Five-Year Plan period, reaching 800 billion kWh by 2030, or about 6% of total social electricity use.

TREE NEWS reports: Amazon reported third-quarter revenue of $201.94 billion, up 12% year over year but below market expectations, with earnings per share of $1.89 also missing estimates. The company’s trailing 12-month free cash flow fell to negative $42.36 billion from positive $14.79 billion a year earlier, as capital expenditure on AI infrastructure rose. AWS revenue grew 39.3% to $45.98 billion, and CEO Andy Jassy said the AWS backlog reached $578 billion. Amazon kept its 2026 capex plan at about $220 billion and guided fourth-quarter revenue below analyst expectations, sending shares down more than 7% after hours.