Jack Ma Steps Up, Buying Over HK$600M in Alibaba Shares Over Recent Days
According to a report from the Science and Technology Innovation Board Daily, sources reveal that as Alibaba launched its placement financing, founder Jack Ma has been steadily increasing his stake in Alibaba’s Hong Kong-listed shares over the past few days, with total purchases exceeding HK$600 million—a clear sign of his strong conviction in Alibaba’s AI prospects.
Separately, Hong Kong exchange filings show that Alibaba Group Chairman Joe Tsai has again added roughly HK$82 million worth of Alibaba shares. Following the new share placement, this marks Tsai’s second consecutive trading day of buying, bringing his two-day cumulative increase to HK$160 million.
Apple Debuts New Mac Mini and Mac Studio, Featuring M5 Ultra and M6 Chips
On August 25, Apple rolled out the new Mac mini powered by M5 Pro and M6 chips, alongside the Mac Studio equipped with M5 Max and M5 Ultra processors. The refreshed Mac Studio is available for pre-order starting today, with in-store sales kicking off on September 22.
According to the announcement, the M6 is Apple’s first cutting-edge chip built on a 2-nanometer process, while the M5 Ultra is described as “the most powerful chip Apple has ever made.”
Restructuring AI Gaming Division? Tencent Insider Responds
Per a report from The Beijing News, in response to speculation about Tencent’s Interactive Entertainment Group (IEG) restructuring its AI gaming unit, a company insider stated that the report contains significant inaccuracies, and the so-called “creation of a new department” is a misinterpretation.
Recent chatter suggested that IEG is reorganizing its AI gaming efforts by merging ARC Lab and the Gaming AI Engine Department under IEG CROS (Tencent Games’ technical middle platform), with plans to expand the team to 400-500 people. The insider added that the gaming technology public line already has a Gaming AI Engine Department in place, which has long been recruiting AI specialists externally. This team focuses on AI-driven efficiency gains along the game development, operations, and publishing pipeline, as well as gameplay innovation, aiming to deliver reusable technical capabilities and solutions for game projects.
SK hynix Tmall Flagship Store Shutting Down? Source: Not an Official Store
On August 25, in response to the sudden announcement that the “SKhynix Flagship Store” on Tmall was ceasing operations and pulling all products, a report from The Paper clarified that the store was not SK hynix’s official flagship—it was an authorized reseller. The closure came after the brand declined to renew its authorization, resulting in a routine shutdown, while other stores still selling are moving remaining inventory.
Earlier, some consumers took to social media to voice concerns that the SKhynix flagship store was closing, worrying about losing after-sales warranty coverage on purchased memory modules. A reporter reached out to multiple SKhynix storage device retailers on Tmall and JD.com to ask about warranty support. The responses indicated that the stores operate independently, with each handling its own after-sales service. Some shops, for instance, offer a “five-year warranty with replacement instead of repair” policy.
Tmall’s official customer service noted that after a store closes, if an order is still within the after-sales validity period, buyers can try filing a request (such as repair or refund) from the order details page. If the after-sales option is no longer available or the seller hasn’t responded, customers can reach out to platform support for assistance or check whether the product carries the brand’s official warranty.
An e-commerce industry insider also told reporters that once products are sold, a store’s closure doesn’t affect the original manufacturer’s warranty obligations.
Dreame: Trimming Certain Exploratory Ventures, Channeling Resources into Four Core Businesses
On August 25, NUPIAO learned from Dreame that, in light of recent market attention on its business adjustments, Dreame Technology has issued an official statement. The company acknowledged that it has indeed adjusted some businesses still in the exploratory phase, but stressed that its core operations and overall activities remain stable. R&D, production, sales, delivery, and after-sales services for its main products are all running normally, and both domestic and international market plans are proceeding as scheduled.
Dreame Technology added that since 2026, its core business has maintained steady growth, with overseas operations continuing to expand.
The adjustments primarily touch certain ventures in the exploration stage. Relevant technical know-how, research outcomes, and resources will be integrated into the company’s broader business and R&D framework as needed. Going forward, Dreame will concentrate its resources on four key business pillars: smart home, outdoor yard and garden, smart mobility, and embodied intelligence.
The company reiterated its commitment to strengthening investments in core technologies, product development, advanced manufacturing, global market expansion, and service infrastructure, with the goal of boosting operational efficiency and business quality. It will continue to leverage artificial intelligence, robotics, and intelligent manufacturing as key technological drivers to fuel innovation and industrial adoption.
Amazon Hikes Prices on Kindles, Echos, and More—Up to 60% Higher
Recently, Amazon quietly raised prices across a range of its own hardware product lines in the U.S. market, from e-readers and smart speakers to streaming TV sticks and whole-home mesh routers. The increases vary by product, with some entry-level models seeing a 60% jump.
The price adjustments hit Amazon’s four main hardware pillars aimed at everyday family consumers. The Echo line of smart speakers serves as the gateway to Amazon’s smart home ecosystem, and the best-selling entry-level Echo Dot has jumped from $49.99 to $79.99—a $30 increase, or 60%—making it the steepest hike across the entire lineup.
As the most recognized e-reader brand globally, the Kindle family has seen across-the-board price increases. The 16GB base model Kindle went from $109.99 to $149.99, a $40 or 36.4% rise, while the 16GB Kindle Paperwhite climbed from $159.99 to $199.99, up 25%.
Nvidia Posts Longest Losing Streak in Four Years
On August 24, Eastern Time, Nvidia closed at $208.48 per share, down 2.91%. The stock has now declined for seven consecutive trading sessions, shedding a cumulative 7.5% over that stretch—its longest losing streak in four years, dating back to September 2022. The shares are now more than 10% off their all-time closing high of $235.74 set on May 14.
The company saw $151 billion in market value evaporate in a single day, roughly RMB 1.02 trillion, pulling its total market capitalization back to the $5.05 trillion range. Despite the slide, Nvidia still ranks as the most valuable company on U.S. stock exchanges.
