From BigGo Finance · BigGo Finance · · 1m 30s
Apple Intelligence China launch and market shifts
Apple Intelligence beta testing in China by late October as CXMT loses 1 trillion yuan market value.
In brief
Apple Intelligence beta testing in China by late October as CXMT loses 1 trillion yuan market value. Apple Intelligence gets regulatory approval for late-October China beta testing while CXMT sheds over 1 trillion yuan in market value over two months. Originally reported by BigGo Finance.
Apple Intelligence China approval
Apple Executive Chairman Tim Cook confirmed Apple Intelligence and Alibaba's Qwen large language model received regulatory approval for late-October beta testing in China.
“We're pleased that the first core Apple Intelligence features can begin rolling out gradually”
Apple Intelligence features
Initial features include real-time translation, writing tools, and photo cleanup but not Siri AI.
CXMT market value drop
CXMT lost over 1 trillion yuan in market capitalization over two months, falling to third place among A-shares.
TSMC earnings report
TSMC reported third-quarter net profit up 68.7% year-over-year with full-year revenue expected to grow 44% in US dollar terms.
Goldman Sachs capex forecasts
Goldman Sachs raised Meta and Alphabet capital expenditure forecasts to $220 billion and $350 billion by 2027.
Nvidia MGX ecosystem
Midea named to Nvidia's MGX ecosystem thermal management partner list for next-generation AI platforms.
AI safety concerns
Nvidia CEO urged customers to address AI safety concerns before halting chip supply for unsafe AI software.
CoreWeave credit market stress
CoreWeave credit default swap spreads breached 1,000 basis points due to AI infrastructure capex concerns.
Meituan county tourism
Meituan's report shows county-level tourist spending grew 30% of total consumption in first half of 2026.
US economic indicators
US September producer price index rose 1.3% month-over-month, exceeding market expectations.
At a glance
Apple Intelligence gets regulatory approval for late-October China beta testing while CXMT sheds over 1 trillion yuan in market value over two months.
