DeepSeek R1-0528 is slightly behind OpenAI's o4 mini and o3 reasoning models in terms of code generation, but ahead of xAI's Grok 3 mini and Alibaba's Qwen 3.

Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July.

MIUI surpassed 100 million monthly active users worldwide on August 19, 2015, and surpassed 200 million on June 6, 2018.

Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life.

Huawei achieved sales revenue of RMB 455.8 billion ($71.3 billion) and a net profit margin of 10.2 percent in the first three quarters.

"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO.

The chip was taped out in July and will be used in Alibaba Cloud data centers.

The chip has 128 cores and is built on a 5nm process, making it the most advanced server chip in terms of process, surpassing similar products from Amazon and Huawei.

Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated.

Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information.