Liu Qiangdong Invests 5 Billion in Yacht Industry; Yuzhu Launches New Quadruped Robot

Liu Qiangdong Invests 5 Billion in the Yacht Industry; Yushuy Releases New Quadruped Robot

Date: February 25, 2026

Good morning! A new day has begun. What interesting developments have occurred in the tech industry over the past 24 hours? Let’s take a look with 21tech.

Industry Highlights

Huawei Aims for Over 880 Billion Yuan in Sales by 2025

During the 2026 Guangdong High-Quality Development Conference, Huawei’s chairman, Liang Hua, stated that the company expects to achieve over 880 billion yuan in sales by 2025. He noted, “Currently, the HarmonyOS ecosystem is advancing from usable to user-friendly, with over 40 million devices running HarmonyOS 5 and 6, and more than 75,000 native applications and services available. The Southern Power Grid is leading the development of the Open Atomic Electric Power Open Source Community, enabling a single system to cover various types and brands of power equipment, making massive interconnectivity of terminal data a reality.”

Lei Jun Unveils New SU7 Chixia Red Color

On February 24, Xiaomi’s founder and chairman, Lei Jun, announced the new color for the SU7, called Chixia Red, inspired by the dawn’s glow. The base is a bright red paint with subtle metallic flakes. He mentioned that pre-orders for the new SU7 are now open and invited customers to place their orders if they are satisfied with the new color.

Liu Qiangdong Announces 5 Billion Yuan Investment in the Yacht Industry

Recently, Liu Qiangdong established a yacht independent brand named Sea Expandary. On February 24, the company signed strategic cooperation agreements with governments in Shenzhen and Zhuhai. Sea Expandary plans to invest in a yacht manufacturing base in Zhuhai and establish its China headquarters in Shenzhen, participating in the construction and operation of several docks and supporting facilities in Shenzhen. Additionally, Sea Expandary will set up a series of support institutions in the Greater Bay Area, including R&D innovation centers and yacht operation service centers. Liu Qiangdong stated his intention to invest 5 billion yuan to compete with top global yacht manufacturers and to stimulate the development of China’s local yacht manufacturing supply chain.

Microsoft Develops Millennia-Long Data Storage Technology

Microsoft Research recently published new findings in Nature, unveiling “Project Silica,” a glass-based 3D optical storage technology. This technology can store 4.8TB of data on a square glass plate measuring 12 cm wide and 2 mm thick, equivalent to approximately 2 million printed books. It utilizes femtosecond lasers to engrave nanoscale three-dimensional voxel structures within the glass and employs optical refraction and polarization changes for data encoding, combined with machine learning algorithms and intelligent error correction systems for stable reading. The data density reaches 1.59 Gbit/mm³. Unlike traditional magnetic and flash storage, glass storage relies on the physical stability of inorganic silicate materials, validated through accelerated aging tests that show data can be securely stored for over 10,000 years at room temperature.

Tencent’s TiMi Studio Reportedly Shuts Down Montreal R&D Studio

Recently, it was reported that Tencent’s TiMi Studio in Montreal has ceased operations, confirmed by several former employees on social media. The studio, established in 2021 and led by Ashraf Ismail, former creative director of the Assassin’s Creed series, was TiMi’s third North American R&D base outside its studios in Los Angeles and Seattle.

Amazon to Invest 12 Billion in Louisiana for First Data Center Campus

Amazon plans to invest 12 billion in Louisiana to build its first data center campus, which will create 540 full-time positions and support an additional 1710 jobs. They will also invest up to 400 million in local water infrastructure in partnership with Stack Infrastructure, focusing on the development of data center facilities.

DJI Sues FCC Over Regulatory Listing

On February 20, DJI filed a lawsuit against the U.S. Ninth Circuit Court, challenging the Federal Communications Commission’s (FCC) decision to list DJI and its products on the “Covered List” effective December 23, 2025. This move aims to protect the company’s legal rights and the interests of American consumers and agriculture users who rely on DJI products but are affected by the ban. DJI’s lawsuit claims that the FCC’s decision was procedurally flawed and lacked substantial evidence proving that DJI products pose a national security threat.

Xiaomi Wins 5 Million in Defamation Case Against Media Account

On February 24, Xiaomi’s legal department announced that they had won a defamation case against the media account “AutoReport.” The court ruled that the defendant disseminated unverified and misleading content that damaged Xiaomi’s reputation, ordering the removal of the offending material, a public apology, and compensation of 5 million yuan to Xiaomi.

China Achieves Breakthrough in Quantum Computing

On February 24, the Anhui Quantum Computing Engineering Research Center announced the official online download availability of China’s first self-developed quantum computer operating system, “Benyuan Sinan.” This is the world’s first quantum computing operating system available for open download, which will lower development barriers and accelerate the independent construction of China’s quantum computing ecosystem. Developed by Benyuan Quantum Computing Technology (Hefei) Co., Ltd., “Benyuan Sinan” supports various mainstream technology routes and has been deployed on Benyuan’s series of quantum computers.

Latest Developments

AMD and Meta Expand Strategic Partnership

AMD and Meta have announced a 6 gigawatt agreement to power Meta’s next-generation AI infrastructure, which will utilize multiple generations of AMD Instinct GPUs. This agreement expands their existing strategic partnership, focusing on coordinated development roadmaps in chips, systems, and software tailored for Meta’s workloads. The first deployment will feature custom AMD Instinct GPUs based on the MI450 architecture, with the initial gigawatt-level products expected to ship in the second half of 2026.

ASML Announces Breakthrough in EUV Light Source Technology

ASML recently announced a significant breakthrough in extreme ultraviolet (EUV) lithography technology, successfully increasing light source power from 600 watts to 1000 watts. This advancement is expected to boost chip production by 50% by 2030. The upgrade will help chip manufacturers like TSMC and Intel significantly enhance their production capacity to meet the growing demand in AI and high-performance computing.

Capital Movements

Shenghe Jingwei Passes IPO Review

On February 24, the Shanghai Stock Exchange announced that Shenghe Jingwei Semiconductor Co., Ltd. has successfully passed its IPO review, becoming the first company to do so on the Sci-Tech Innovation Board this year. The company specializes in advanced packaging and testing services for integrated circuits, focusing on high-performance chips like GPUs, CPUs, and AI chips. The funds raised will be used for three-dimensional multi-chip integration projects.

Dongyang Sunshine Plans Acquisition of Dongshu No.1

Dongyang Sunshine announced plans to acquire control of Yichang Dongshu No.1 Investment Co., Ltd. through a share issuance, raising supporting funds. This transaction is expected to constitute a major asset restructuring and related party transaction without changing the actual controller of the company. Due to uncertainties surrounding the transaction, the company’s stock was suspended from trading starting February 24, 2026, with anticipated resumption no later than 10 trading days.

Changxin Boinc Plans to Acquire 93.81% of Shanghai Honghui Optical Communication Technology

Changxin Boinc has signed a letter of intent to acquire 93.81% of Shanghai Honghui Optical Communication Technology Co., Ltd. The preliminary intended transfer price is set at 375 million yuan, with final terms to be negotiated based on due diligence results. The acquisition aims to expand into the upstream optical component sector.

Kaipu Cloud Terminates Acquisition of Nanning Tech

Kaipu Cloud has announced the termination of its proposed acquisition of Nanning Tech due to changes in market conditions and disagreements on core terms. The decision was approved by the board, and no adverse effects on normal business operations are expected.

Huixi Intelligent Secures Over 800 Million in Pre-B Round Financing

Huixi Intelligent, a domestic AI chip startup, announced the completion of over 800 million in Pre-B round equity financing. This round was led by Liangxi Digital Fund and other industry funds, along with continued investment from existing shareholders. Founded in April 2022, Huixi Intelligent focuses on a full-stack self-research approach in computing architecture, AI chips, and foundational software tools, achieving successful mass production of its flagship R1 chip.

Yushuy Technology Releases New Quadruped Robot

On February 24, Yushuy Technology unveiled its new quadruped robot, Unitree As2, boasting performance approximately twice that of the current leading quadruped robot, Go2. The Unitree As2 features a peak torque of 90 N.m, over four hours of battery life, an IP54 rain-resistant design, a maximum speed of 5 meters per second, and a range exceeding 13 km when carrying a 15 kg load. Weighing 18 kg, the robot remains stable even when a 105 kg adult stands on it. Demonstration videos showcased Unitree As2 navigating various challenging terrains and adverse weather conditions. The robot is equipped with a biomimetic model and an upgraded intelligent following system, with optional accessories such as a seven-axis robotic arm available.