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Kingsoft Cloud will speed GPU compute-cluster construction in H2 to meet surging demand from major clients. Xiaomi has upgraded its requirement from a 10k‑card cluster to a hyperscale GPU cluster and increased its investment plan from nearly 4 bln yu

2026-07-02

Kingsoft Cloud will speed GPU compute-cluster construction in H2 to meet surging demand from major clients. Xiaomi has upgraded its requirement from a 10k‑card cluster to a hyperscale GPU cluster and increased its investment plan from nearly 4 bln yuan to over 10 bln yuan. Alibaba’s large‑model team signed a five‑year compute lease with Kingsoft Cloud for more than 3,000 eight‑GPU servers; at contracted monthly rents the deal implies roughly 300 mln yuan/month on full delivery and annualized revenue above 4 bln yuan.

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2026-07-02

Japan 30-year government bond yield rose 4.5 bps to 4.000%, the highest since May 22.

Japan 30-year government bond yield rose 4.5 bps to 4.000%, the highest since May 22.
2026-07-02

Security sources said a drone strike hit a camp of an Iranian Kurdish opposition group north of Erbil, Iraq.

Security sources said a drone strike hit a camp of an Iranian Kurdish opposition group north of Erbil, Iraq.
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