Liontrust Global Technology Fund has nearly doubled its China exposure from 6% to 11%, rotating profits from US tech giants like Nvidia and Apple into Chinese internet companies such as Tencent, Meitu…
Tencent is conducting limited internal tests of an AI assistant called Xiaowei inside WeChat, allowing users to send messages, make voice calls, and navigate mini-programs via text and voice commands.…
Xiaomi's MiMo AI team released MiMo Code V0.1.0 on June 10, 2026, an open-source coding agent claiming 82% on SWE-bench Verified versus Claude Code's 79%, though the scores are self-reported and not o…
Modal and Z Lab released DFlash, a speculative decoding model for Qwen 3.5 397B-A17B, achieving over 4.3x throughput versus baseline and 1.5x versus MTP on HumanEval at concurrency 1. The model uses a…
Five Chinese AI labs—ByteDance, Tencent, MiniMax, Alibaba, and Xiaomi—cut token prices by 50% to 99% within the same competitive window, driven by narrowing capability differences between major AI mod…
Chinese AI developers are accelerating development of trillion-parameter foundation models to narrow the gap with US rivals, as Washington imposes export controls on leading US AI software. DeepSeek l…
Chinese AI lab DeepSeek reportedly required prospective investors to agree not to poach its staff or encourage them to start rival companies, a condition raised during a virtual meeting in May, accord…
China is building a platform to debut new AI consumer products as part of its 'AI Plus' initiative, with over 70 domestic companies developing AI wearables like smart glasses. The initiative aims to e…
U.S.-based developers and small startups are increasingly adopting Chinese open AI models like DeepSeek to cut costs, with some reporting coding costs dropping from $10 on Claude to under 50 cents. Fi…
U.S. developers and startups are increasingly turning to Chinese AI models like DeepSeek for cost savings, with some reporting costs as low as 50 cents compared to $10 for similar tasks on U.S. models…
Four days after Washington cut foreign access to Anthropic's top models, Cohere reports a surge in government inquiries, DeepSeek closed a record $7.4 billion funding round, and Chinese AI labs slashe…
The U.S. government's order for Anthropic to block non-U.S. access to its Fable and Mythos models is boosting adoption of open-source alternatives, especially from Chinese AI labs like DeepSeek and Kn…
ByteDance and Tencent have slashed AI model prices, joining a deepening price war in China's AI sector as falling costs and narrowing capability gaps intensify competition. ByteDance's Seedance 2.0 Mi…
Xiaomi open-sourced MiMo Code V0.1.0, a terminal-native AI coding assistant that outperforms Anthropic's Claude Code on long-horizon tasks with over 200 steps, according to internal benchmarks. The to…
Xiaomi released MiMo Code, an open-source AI coding agent that forks OpenCode and adds persistent cross-session memory, three days ago. The tool, which installs in one command and is available under a…
Three Chinese AI labs—Moonshot AI, Xiaomi, and DeepSeek—released open-source coding tools this spring: Kimi K2.7 Code, MiMo Code, and DeepSeek V4 Pro. Kimi K2.7 Code is a coding-optimized API model, M…
Patsnap, an AI-powered intellectual property analytics firm backed by SoftBank, Tencent, and Sequoia Capital, has filed confidentially for a dual IPO in Hong Kong and Singapore that could raise up to …
Luo Fuli, head of Xiaomi's MiMo large model team, told the Beijing Academy of Artificial Intelligence Conference on June 12 that Anthropic's Claude Fable 5 should be seen as an interim-stage product, …
Xiaomi released an open-source terminal-native coding agent called MiMo Code on June 10, 2026, under an MIT license. The company claims MiMo Code outperforms Anthropic's Claude Code on long-horizon wo…
Xiaomi's MiMo team open-sourced MiMo Code, a terminal-based coding agent designed for long-horizon automated programming tasks. The agent addresses challenges in decision quality and state continuity …