China’s Stocks Shed US$3.5 Trillion as Profit Forecasts Fall and AI Costs Mount
Hang Seng Tech profit forecasts are down more than 13% since March, and MSCI China companies have missed third-quarter estimates by an average of 9%.
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The October 26, 2026 brief
China Reserves Right to Counter US Plan to Widen AI Investment Curbs
China’s Commerce Ministry called the draft discriminatory and said it breaks a leaders’ consensus; the US plan would ban investment in any Chinese AI developer.
US Think Tank Says China’s AI Compute Could Nearly Double by 2027
The Institute for Progress expects about 65% of China’s end-2027 compute to run on US chips, with rented overseas cloud capacity growing fastest.
Alibaba’s Qwen Underpins Nearly Half of South Korea’s New AI Models
Of 1,845 models posted by Korea-based Hugging Face accounts from January to August, 864 were built on Qwen, against 14.7% for Google’s Gemma.
ByteDance Folds AI Short-Drama App Xiaoyunque Into Its Jimeng Platform
Xiaoyunque keeps its own entry point and product team, but its operations now report to Chen Xinran, who runs operations and marketing at Jimeng.
Memory Maker Techwinsemi’s Nine-Month Profit Hits RMB8.75 Billion as China Chip Earnings Surge
Third-quarter net profit of RMB2.73 billion was nearly four times the Shenzhen storage company’s RMB688 million profit for the whole of 2025.
Nvidia’s RTX 5090 Tops RMB50,000 in Shenzhen as Supply Fears Meet AI Demand
Huaqiangbei dealers quoted RMB51,000 to RMB60,000 for the card from October 23 to 25, more than three times its launch price of about RMB15,000 to RMB16,000.
China GPU Maker Denglin Passes Hong Kong Listing Hearing as Revenue Climbs
Revenue of about RMB200 million for January to April 2026 already beats all of 2025, with a 50.9% gross margin and a RMB16.47 million net loss.
AGIBOT Runs 110 Production Humanoids in a Guinness-Certified Dance
A Guinness adjudicator counted 110 Expedition A3 robots through a 5-minute-43-second routine in Jinan, run on AGIBOT’s own LinkBots fleet software.
Swancor’s Qiyuan Robotics Builds Its 5,000th Personal Robot Five Weeks Into Sales
The AGIBOT-controlled unit now finishes one Q1 or T1 robot every 2.5 minutes, lifting daily output from just over 10 units to more than 200.