Wuhu Token Sciences' (SHE:300088) unit, Wuhu Changxin Intelligent Computing Technology, plans to purchase servers from multiple suppliers for up to 3 billion yuan, according to a Shenzhen bourse filing on Thursday.
The servers will be mainly used for providing computing power services to customers.
ByteDance is building its own central processing units to help support growing artificial intelligence hardware needs, Reuters reported Thursday, citing three people familiar with the matter.The move by TikTok's owner will help the company cope with surging chip prices and supply shortages, the newswire said.ByteDance's action signifies a shift toward "inference," where AI models perform agentic or autonomous tasks that demand more power from CPUs, the report said.The company will deploy its proprietary CPU in its own servers and data centers as it looks to roll out its Coze agent-based platform, the report said, citing one of the sources.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Guangzhou Development (SHA:600098) issued 1 billion yuan in five-year bonds due May 2031.The bonds carry an interest rate of 1.85%, according to a Thursday filing with the Shanghai bourse.Ping An Securities served as lead underwriter, with Guotai Haitong Securities as co-lead underwriter.Shares of the power company closed 4% higher Thursday.
Sichuan Shudao Equipment & Technology (SHE:300540) won the bid for the construction of air separation units for a gas demonstration project, according to a Shenzhen bourse filing on Thursday.The company will construct four units with 78,870 normal cubic meter per hour each.The units will be part of Xinjiang Qinghua Feng Energy's 5.5 billion cubic meter coal-to-natural gas demonstration project.Shares of the natural gas liquefaction equipment manufacturer closed 2% higher.