DeepSeek and MiniMax Clear China’s New AI Export Registration, State Media Says
A CCTV-affiliated account says both labs have registered and completed open-source releases and overseas licensing under rules covering 23 AI technologies.
DAILY BRIEF · 10 STORIES
The October 24, 2026 brief
China’s State Council Issues 18-Task Guideline to Make AI Adoption Employment-Friendly
Signed October 16, the guideline sends core AI industries east and data labeling inland, and adds job-risk reviews for AI projects that may cut many jobs.
US Treasury Proposes Wider Outbound Investment Curbs on China AI, Chips and Biotech
The draft would bar covered US investment in any Chinese AI developer, adds biotech and hypersonics, and takes public comments until December 7, 2026.
China AI Chipmaker Cambricon’s Q3 Profit Jumps 148% as Inventory Climbs to RMB11.7 Billion
Quarterly revenue more than doubled to RMB3.53 billion, while operating cash flow turned negative as the company kept stockpiling materials.
China’s Moonshot Releases Kimi K3.1 Pro, Promising Open Weights by November 4
Moonshot’s own tests put the upgrade 0.7 points behind Claude Opus 5.5 on a coding-agent benchmark, and Artificial Analysis ranks it fourth overall.
China’s Five-Year Informatization Plan Pushes Advanced Chipmaking and Embodied AI
The Central Cyberspace Affairs Commission’s 2026–2030 plan sets 12 targets, including lifting smart terminal and AI agent adoption from 40% to over 90%.
ByteDance’s PineDrama Climbs US iPhone Charts on a Free, TikTok-Run Model
The short-drama app passed 100 million downloads in about nine months and now sits in the free iPhone top 10 in Brazil and Thailand as well as the US.
Shanghai Plan Targets 85% AI Use in Industrial Services by 2028
The city’s economy commission also aims for 10 AI-native unicorns and offers grants of up to RMB20 million for design, inspection and maintenance tools.
HKEX Launches AI and Chip Indexes as China Southern Plans a Mainland AI ETF
The HKEX Artificial Intelligence Index holds 40 Hong Kong stocks, including SMIC, Alibaba and Tencent, with weights capped at 10%, or 3% for applications.
Fujian Humanoid Robot Innovation Center Adds Fuzhou and Xiamen Backers in Pre-A+ Round
Gulou district’s urban construction investment group and a Xiamen incubator tied to Beihang University joined the round; the amount was not disclosed.