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Chips

Alibaba has formally applied to spin off chip unit T-Head for a separate listing

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US Congress widens its Nvidia probe and seeks testimony from Huang and Trump administration officials

SCMP reports lawmakers are demanding answers on the national-security risks and control of advanced chip exports to China. Treasury Secretary Bessent blamed the Commerce Department for not restricting Nvidia chips, and Commerce Secretary Lutnick agreed to testify on export controls. Trump and Xi are due to meet in Shenzhen next week.

Policy & MarketsHotSCMP

Custodia Learn enters the final stage of due diligence in a US$5.4 million deal

In a company announcement, student-founded EdTech platform Custodia Learn says it is in due diligence with a publicly listed Chinese education group at a US$5.4 million valuation, up from US$500,000 in January 2026. The buyer is under NDA and unnamed. The platform reports 19,063 registered users and 8,986 daily active sessions.

AIUS$5.4M valuationCustodia Learn (company announcement)

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