News Summary:
On August 18, 2026, Chinese cloud provider UCloud integrated servers equipped with Hygon’s Tianxi series AI accelerators into its public-cloud platform. This deployment represents the first large-scale public-cloud rollout of the chip series, offering cloud customers access to domestically developed computing hardware for AI-related workloads. Previously, on April 19, 2026, UCloud Technology Co. Ltd. reported its first-quarter earnings for the period ending March 31, 2026, with sales reaching CNY 438.75 million, an increase from CNY 375.74 million a year prior. The company also posted a net income of CNY 2.74 million, a notable turnaround from a net loss of CNY 44.73 million in the same period last year. Earlier in April, Ucloud received a "Rising Star of the Year (Europe)" nomination within the 11:11 Partner Awards 2025 international program, recognized for its implementations based on the 11:11 Systems platform, financial performance, and contributions to increasing IT infrastructure resilience, with its technical platform meeting requirements for migration to VMware Cloud Foundation 9. This follows the completion of UCloud Technology Co. Ltd.'s equity buyback plan on January 3, 2026, originally announced on October 22, 2025. The company repurchased 150,000 shares, representing 0.03% of its stock, for CNY 3.53 million between September 29, 2025, and December 31, 2025.
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