[SMM Tin Flash News: Alibaba Cloud and Kingsoft Computing Power Centers Accelerate Commissioning; Ultra-Large-Scale Computing Power Centers Built on the “Zhenwu” Chip]

Published: Mar 10, 2026 09:48

Save

Today, the Jinshan District People’s Government of Shanghai Municipality and Alibaba Cloud formally signed a strategic cooperation agreement. The two sides will accelerate the development of Alibaba Feitian Cloud Intelligence’s east China computing power center and build a hyperscale computing power center based on the “Zhenwu” chip. The center will become one of the largest intelligent computing hubs in east China, supporting Shanghai’s development as a leading hub for artificial intelligence. Under the new cooperation agreement, the center will focus on deploying T-Head’s “Zhenwu” computing power chips and, by building a full-stack, self-developed computing power foundation spanning underlying chips, intelligent computing platforms, and upper-layer applications, strive to become a benchmark for green computing power centers. Leveraging Alibaba Cloud’s Jinshan computing power center, Alibaba Cloud and Jinshan District will jointly promote the development of the computing power ecosystem and support Jinshan District in building an always-on, citywide AI city.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[SHFE Tin Contract Hovered Around 390,000 Amid Tug-of-War Trading, Traditional Consumption Season Performed Slightly Below Expectations] SMM Tin Midday Commentary

[SMM Tin Midday Commentary: SHFE Tin Contract Fluctuated Near 390,000, Traditional Consumption Season Performed Slightly Below Expectations]

Common.Time.minsAgo

[SMM Tin Newsflash: Companies Such as Google and Tesla Promoted the Use of Idle Power Grid Capacity to Lower Electricity Prices]

According to AXIOS, a new alliance formed by a group of companies including Google and Tesla will address energy affordability by making use of underutilized capacity on the power grid. As artificial intelligence data centers and other sources of demand drive electricity prices sharply higher, electricity affordability has become a central issue. The alliance, named Utilize, is expected to work with state lawmakers, regulators, utilities, and others to address electricity affordability by improving how the power grid operates, while also taking into account reliability of supply and the speed of construction. Alliance officials said they plan to soon release a study by Brattle Group showing that, through system improvements, US consumers could save as much as $180 billion over the next decade. Utilize’s members also include air-conditioning giant Carrier, deployment services company Sparkfund, power panel enterprise SPAN, and data center developer Verrus.

Common.Time.minsAgo

NIO to Sustain R&D Investment, Target Non-GAAP Profitability in 2026

On the evening of March 10, NIO CFO Qu Yu said on the company’s Q4 and full-year 2025 earnings call that in 2026, the company would maintain quarterly R&D investment of 2 billion yuan to 2.5 billion yuan, continue to improve R&D efficiency based on the CBU operating mechanism, and dynamically adjust the pace and level of R&D investment according to operating conditions and the ROI mechanism, so as to ensure investment intensity in key products and core technologies. At the same time, Qu Yu said that, based on the company having five large SUVs on sale this year, as well as the strong gross margin performance of larger vehicles, NIO would strive to achieve full-year Non-GAAP profitability in 2026.

Common.Time.minsAgo