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Alibaba Cloud has launched the Lingjun Zhenwu M890 super-node instance, with the first batch now on sale in the Ulanqab region. It is the first domestic super-node configuration reported to run models exceeding 2 trillion parameters; Kimi K3 and Qwen

2026-08-12

Alibaba Cloud has launched the Lingjun Zhenwu M890 super-node instance, with the first batch now on sale in the Ulanqab region. It is the first domestic super-node configuration reported to run models exceeding 2 trillion parameters; Kimi K3 and Qwen3.8 Max are available via the instance. Technical features include FP8/FP4 low-precision compute support and an ICN Switch 1.0 scale-up interconnect that raises node scale from 16 to 64 cards and boosts inter-card bandwidth to 800 GB/s. Alibaba Cloud reports training performance is roughly three times that of the previous-generation Zhenwu 810E in autonomous driving and embodied-intelligence training scenarios.

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2026-08-12

Southbound capital saw a net outflow of HK$2.906 billion today. In the Shanghai-Hong Kong Stock Connect, Kingboard Laminates and Alibaba-W saw net outflows of HK$613 million and HK$526 million respectively; Tencent Holdings saw the largest net inflow

Southbound capital saw a net outflow of HK$2.906 billion today. In the Shanghai-Hong Kong Stock Connect, Kingboard Laminates and Alibaba-W saw net outflows of HK$613 million and HK$526 million respectively; Tencent Holdings saw the largest net inflow at HK$286 million. In the Shenzhen-Hong Kong Stock Connect, Alibaba-W and Kingboard Laminates saw net outflows of HK$934 million and HK$366 million respectively; Alibaba-W saw the largest net inflow at HK$629 million.
2026-08-12

Barclays raises Super Micro Computer (SMCI.O) PT to $39 from $38.

Barclays raises Super Micro Computer (SMCI.O) PT to $39 from $38.
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