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"Cambricon's IP is quite good, but it is not enough to meet our needs to have chips that can support all AI application scenarios. We want to have an architecture that can deliver both extremely big computing capacity and extremely low-power consumption," Xu said.
"By targeting such companies, Puxin is very likely to become the third-largest player in the market after New Oriental and TAL."
"China is one of the top global markets driving PepsiCo's growth," said Ram Krishnan, president and CEO of PepsiCo Greater China Region.
"China is also one of the rare countries that has gained momentum in the new economy. Seen from an investment perspective, it is a sector that will surely get high returns in the next 10 years," said Zhang Xiangyang, chairman of the private equity subsidiary of Haitong Securities, an A-share listed brokerage.
"But now, things have changed. You need to climb to the top to be a winner. After five years of a quiet market, domestic as well as overseas demand is slowly pulling back this year. It poses a new challenge to XCMG."
