News Summary:
On August 18, 2026, UCloud deployed servers equipped with Hygon’s Tianxi series AI accelerators on its public-cloud platform, marking what is reportedly the first large-scale public-cloud rollout of these domestically developed chips, providing cloud customers access to computing hardware for AI workloads. Previously, on April 19, 2026, UCloud Technology Co. Ltd. reported earnings for the first quarter ended March 31, 2026, with sales reaching CNY 438.75 million, up from CNY 375.74 million a year ago, and a net income of CNY 2.74 million, a turnaround from a net loss of CNY 44.73 million in the prior year. Earlier in April, Ucloud received the Rising Star of the Year (Europe) nomination in the 11:11 Partner Awards 2025, recognized for its implementations based on the 11:11 Systems platform and its technical platform's full compatibility with VMware Cloud Foundation 9. The company completed its equity buyback plan on January 3, 2026, repurchasing 150,000 shares, representing 0.03% of its equity, for CNY 3.53 million between September 29, 2025, and December 31, 2025.
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