CAAP

According to South Korea's Maeil Business Newspaper, following US tech giants, major Chinese cloud service providers (CSPs), including BABA-W (09988.HK) +2.150 (+2.216%) Short selling $381.12M; Ratio 18.053% , TENCENT (00700.HK) +2.800 (+0.727%) Short selling $291.10M; Ratio 11.810% and ByteDance, have sought long-term agreements (LTAs) with Samsung Electronics and SK Hynix for server memory supply. It is understood that some clients are seeking ultra-long-term contracts for memory supply lasting as long as 10 years through 2035, exceeding the usual three- to five-year long-term supply period.

China also has memory manufacturers such as CXMT (688825.SH) +1.840 (+4.279%) and Yangtze Memory Technologies (YMTC), but they are considered to lag behind South Korean companies in product competitiveness and mass-production scale for high-performance server memory. The difficulties faced by Chinese CSPs in procuring the required memory domestically are also believed to be one of the reasons they are seeking long-term agreements with South Korean companies.(su/ad)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-10-28 12:25.) (A Shares quote is delayed for at least 15 mins.)