TikTok reaches new US deal; China’s answer to Nvidia’s A100: SCMP daily highlights
From China’s discovery of Asia’s largest undersea gold deposit to TikTok’s deal on a new US venture, here’s a round-up from today’s coverage
1. TikTok reaches deal on new US venture with American investor group
In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors.
2. Chinese team builds optical chip AI that is 100 times faster than Nvidia’s A100
Chinese scientists have unveiled an optical computing chip that outperformed Nvidia’s leading AI hardware by over a hundredfold in speed and energy efficiency – particularly for generative tasks such as video production and image synthesis.
3. China reportedly sticking to its soybean deal with US, but worries remain
China is estimated to have secured more than half of the 12 million tonnes of soybeans that Washington says Beijing committed to purchase by early 2026, based on US government data and market conventions that analysts say usually indicate China, though little has been shipped so far, heightening concerns over potential cancellations.