Sources: ByteDance is in talks to sell game studio Moonton, which it acquired for ~$4B in 2021, to Saudi Arabia-based Savvy Games; Moonton makes Mobile Legends (Bloomberg) https://www.bloomberg.com/news/articles/2025-11-26/bytedance-is-said-to-revive-moonton-sale-in-talks-with-pif-s-savvy-games
Techmeme
Sources: ByteDance is in talks to sell game studio Moonton, which it acquired for ~$4B in 2021, to Saudi Arabia-based Savvy Games; Moonton makes Mobile Legends
From Bloomberg. View the full context on Techmeme.
Sources: ByteDance bought more Nvidia chips than any other Chinese company in 2025, but Chinese regulators now block it from using the chips in new data centers (Qianer Liu/The Information) https://www.theinformation.com/articles/china-slowly-surely-breaking-free-nvidia
Techmeme
Sources: ByteDance bought more Nvidia chips than any other Chinese company in 2025, but Chinese regulators now block it from using the chips in new data centers
By Qianer Liu / The Information. View the full context on Techmeme.
Michael Saylor-led Strategy is down 50%+ in the past three months after crypto loses $1T+ in value, as the "digital asset treasury" craze at companies unravels (Financial Times)
Client Challenge
Techmeme
Michael Saylor-led Strategy has fallen 50%+ in the past three months, as the “digital asset treasury” craze unravels in the face of a $1T cryptocurrency rout
From Financial Times. View the full context on Techmeme.
In recent months, DDR4 and DDR5 RAM and SSD prices surged dramatically due to an ongoing AI chip shortage and panic buying; some RAM kits now cost 3x as much (Andrew Cunningham/Ars Technica)
Ars Technica
GPU prices are coming to earth just as RAM costs shoot into the stratosphere
Some RAM kits are over three times as expensive as they were three months ago.
Techmeme
In recent months, RAM and SSD prices have surged due to a shortage of memory chips caused primarily by the ongoing AI boom; some RAM kits now cost 3x as much
By Andrew Cunningham / Ars Technica. View the full context on Techmeme.
A profile of Chen Tao, founder of Chinese AI circuit board company Victory Giant, which is up 530%+ in 2025 so far, giving Chen and his wife a $9.1B net worth (Bloomberg)
Bloomberg.com
Couple Rakes in $9 Billion as AI Circuit Board Shares Soar 530%
When Nvidia Corp. Chief Executive Officer Jensen Huang hosted a private banquet for suppliers in Taiwan in May, the room was packed with some of th...
Techmeme
A profile of Chen Tao, founder of Chinese AI circuit board company Victory Giant, which is up 530%+ in 2025 so far, giving Chen and his wife a $9.1B net worth
From Bloomberg. View the full context on Techmeme.
PitchBook: US AI and robotics VC deals are up over 4x since 2023 to $160B+ so far in 2025, while comparable China deals are just $10B+, up from $9.24B in 2023 (CNBC)
CNBC
CNBC's The China Connection newsletter: Foreign investors warm to China’s cheaper AI valuations despite fears of a U.S. bubble
For all the worries about a bubble in U.S. AI spending, capital flows into China's tech sector is far less, pushing startups to do more with less.
Techmeme
PitchBook: US AI and robotics VC deals are up over 4x since 2023 to $160B+ so far in 2025, while comparable China deals are just $10B+, up from $9.24B in 2023
From CNBC. View the full context on Techmeme.
Didi reports Q3 revenue up 8.6% YoY to ~$8.28B and a ~$211M net income, up from ~$127M in Q3 2024; international revenue up 35% YoY to ~$558M with a ~$240M loss (Reuters) https://www.reuters.com/world/asia-pacific/china-ride-hailing-giant-didi-posts-86-revenue-rise-third-quarter-2025-11-26/
Techmeme
Didi reports Q3 revenue up 8.6% YoY to ~$8.28B, a ~$211M net profit, and international revenue up 35% YoY to ~$558M, with a ~$240M adjusted loss
From Reuters. View the full context on Techmeme.
Naver agrees to acquire Dunamu, which runs South Korea's biggest crypto exchange Upbit, in a $10.3B all-stock deal; Upbit has 80%+ market share in South Korea (Bloomberg) https://www.bloomberg.com/news/articles/2025-11-26/naver-to-acquire-crypto-exchange-upbit-s-parent-dunamu
Techmeme
Naver agrees to acquire Dunamu, which runs South Korea
From Bloomberg. View the full context on Techmeme.
Malaysia's Johor state, which has approved 51 data centre projects as of November, stops approvals for new low-tier data centers citing high water consumption (The Star) https://www.thestar.com.my/metro/metro-news/2025/11/26/no-more-low-tier-data-centre-approvals-in-johor
Techmeme
Malaysia
From The Star. View the full context on Techmeme.
Uber starts deploying fully driverless WeRide robotaxis in Abu Dhabi, after launching its robotaxi service with safety drivers in the UAE in December 2024 (Andrew J. Hawkins/The Verge)
The Verge
Uber’s robotaxi service in UAE now includes fully driverless vehicles
No driver in Abu Dhabi
Techmeme
Uber starts deploying fully driverless WeRide robotaxis in Abu Dhabi, after launching its robotaxi service with safety drivers in the UAE in December 2024
By Andrew J. Hawkins / The Verge. View the full context on Techmeme.