The people said 360 One is expected to invest US$20 million to US$25 million, and other investors could join the round.

Kunlunxin's P800 chip is gaining traction in data centers run by Chinese state-owned firms.

CXMT accounted for about 6% of global DRAM output in Q1 2025 and offers DDR5 products.

The ban will take effect in July, expanding restrictions on Chinese telecom and surveillance equipment.

Oracle's capital spending more than doubled to US$56 billion in fiscal 2026 amid AI investments.

Meta's Arena app uses points, targets 18-34-year-olds, and may integrate with Facebook and Messenger.