Hugging Face's mid-year report on open models shows that among the 25 most-downloaded and 25 most-liked models on its platform, only one repository appears on both lists, highlighting a disconnect bet…
Tencent Holdings Ltd. reported second-quarter 2026 results on August 12, with IFRS net profit of Rmb 56.0 billion missing the Reuters consensus of Rmb 61.8 billion, and the stock fell 4.46% in Hong Ko…
Chinese AI founders are packaging American identity as a product, with Genspark's parent MainFunc curating its founders' bios to emphasize Microsoft and Google experience while omitting their Baidu te…
Alibaba launched QwenWork to public beta on August 3, combining QoderWork, MuleRun, and Wukong into a single AI agent product for office software, alongside the Qwen3.8 model. The launch completed a t…
Alibaba Group Holding Ltd. holds a 36% preferred equity stake in Moonshot AI, which paused new consumer subscriptions for its Kimi K3 model after demand hit compute limits, while Alibaba simultaneousl…
DeepSeek founder Liang Wenfeng told investors in a July 2026 meeting that the gap between his company and US rivals is fundamentally a compute gap, attributing differences in talent, model capability,…
At WAIC 2026, nearly every major Chinese AI hardware vendor showcased a supernode design, a sharp contrast to the previous year when Huawei stood alone. The shift follows the publication of the first …
Moonshot AI, the Beijing startup behind the Kimi chatbot, is preparing for a Hong Kong listing that could come within six months, with a final pre-IPO round planned for August at a pre-money valuation…
At the World Artificial Intelligence Conference in Shanghai on July 17, Nubia, StepFun, and Honor each unveiled what they called the world's first AI agent smartphone, highlighting a fragmented market…
Kuaishou Technology filed a notice on the Hong Kong Stock Exchange on July 2, revealing that its AI video generation unit Kling secured approximately $2.8 billion in investor commitments, expandable t…
In early July 2026, Chinese AI chip companies Biren Technology and Iluvatar CoreX returned to capital markets, raising $900 million and $902 million respectively through share placements, while AI mod…
Chinese startup Dongfang Suanxin (DFSX) unveiled its first AI accelerator, the DF1000, built on 14nm process technology through a domestic supply chain, claiming 520 TFLOPS at BF16 and performance app…
Beijing and Washington are independently considering controls on AI model access, each shaped by the other side's capabilities. Reuters reported that Chinese authorities, led by the Ministry of Commer…
China Telecom's Ningxia unit launched bidding on a five-year framework for 'Token generation capacity services' with an estimated ceiling of Rmb 17.4bn, while Digital China submitted a Rmb 717m bid fo…
Between late June and early July 2026, ByteDance, Alibaba, and Tencent removed AI companion features from their flagship consumer apps within two weeks, affecting over 8 million user-created agents on…
Tencent Holdings released Hy3, its first full model under Chief AI Scientist Yao Shunyu, on July 6, activating 21 billion of 295 billion parameters per call and cutting hallucination rates from 12.5% …
Anthropic suspended access to its Fable 5 and Mythos 5 models on June 12 after the US government applied export controls, and Alibaba banned all Anthropic products effective July 10, designating its o…
China's National Data Administration reported that daily token consumption in China reached 140 trillion in March 2026, up from 100 billion two years earlier, a thousand-fold increase, with director L…
SiliconFlow, China's largest independent token supply platform, filed for a Hong Kong listing under Chapter 18C on June 30, 2026, revealing that it processed 578.5 billion tokens per day as of April 2…