DeepSeek's $7.4B round locks control with Liang and the state
The financing structure accepts outside capital while keeping voting power away from commercial investors.
China AI News and Analysis
13 verified stories covering China AI, product updates and industry developments.
DeepSeek raises $7.4B without giving investors control
DeepSeek closed its first outside round at a valuation above $50 billion, but commercial backers get no voting power.
China rewires university majors around AI
China has cut 12,200 undergraduate programs while adding 10,200 new ones, shifting seats from humanities-heavy areas toward AI, robotics and embodied intelligence.
Kimi sends 300 agents to forecast the 2026 World Cup
Moonshot AI used a cluster of Kimi agents to simulate all 104 matches and identify probability gaps, including a higher chance for Germany than betting markets imply.
Chinese models reset the floor for AI pricing
Enterprise workload estimates show Claude, ChatGPT, DeepSeek, Kimi and GLM separated by nearly 9x in cost, forcing OpenAI and Anthropic toward price pressure.
China's humanoid robot makers race toward Hong Kong IPOs
EngineAI's confidential filing shows how Chinese robotics startups are trying to lock in valuations before demand has fully caught up with production.
EngineAI chases a 10B-yuan valuation in Hong Kong
EngineAI is highlighting factory speed and funding while leaving investors to wait for the revenue line that will decide the IPO story.
China sketches a $295B AI compute network
China is preparing a five-year AI infrastructure plan that could spend about $295 billion while requiring at least 80% domestic hardware and software.
BYD confirms humanoid robot work
BYD says its manufacturing, software and hardware stack can carry into humanoid robots, with dealer channels and enterprise use cases in view.
DeepSeek Nears a 50 Billion Yuan Round, With Liang Wenfeng Putting In 20 Billion
Reuters says DeepSeek’s first major financing could value the company at 350 billion to 400 billion yuan while its founder remains the largest investor.
3D Model Startup Vast Raises $200M, Becomes China's Newest AI Unicorn
Chinese 3D model generation startup Vast has raised nearly $200 million in a new funding round, crossing the $1 billion valuation mark.
China Restricts Overseas Travel for Top AI Talent at Alibaba, DeepSeek
China is tightening controls on overseas travel for key AI personnel at private firms like Alibaba and DeepSeek, requiring government approval before leaving the country.
Alibaba's AI writes its own chip driver, achieving 10x speedup
Alibaba demonstrated its Qwen3.7-Max model autonomously writing kernel drivers for its new Zhenwu M890 chip, achieving a 10x performance boost in 35 hours.