Oracle Cancels Tencent’s US$7 Billion AI Chip Lease Under US Pressure
The five-year deal would have given Tencent up to 100,000 advanced AI chips in Southeast Asian data centers, its largest overseas compute lease.
DAILY BRIEF · 10 STORIES
The November 5, 2026 brief
Nvidia’s Chinese Buyers Expect About 1% of a US$70 Billion Chip Order Within Four Months
Chinese buyers led by Alibaba, Tencent and ByteDance have ordered about 6 million RTX Pro 5500 cards, and expect several thousand by the end of 2026.
Tencent Ships Hy4 With Computer Use and Says It Still Trails Closed AI Models
The official Hy4 adds image understanding and control of desktop software such as Blender and CAD tools, at the same API price as the August preview.
China’s STAR 50 Surges 9.92% as CXMT Lifts Its Buyback to Up to RMB5 Billion
Chip equipment makers hit their daily limits as Shanghai and Shenzhen turnover rose above RMB2 trillion for the first time since September 22.
China’s Wuzhen Summit Calls for Shared AI Compute Pools and an Open-Source Seed Fund
An 18-point initiative released at the World Internet Conference’s Wuzhen Summit asks countries to pool compute and data so Global South developers can build on open models.
Tencent, Huawei and Alibaba Join CAICT Pledge to Curb Misuse of China’s AI Agents
Twenty organizations signed an eight-point convention that commits them to circuit breakers for agents and to resisting their use for algorithmic exploitation.
China’s Houmo AI Raises Several Billion Yuan as Its M50 Edge AI Chip Passes 100 Customers
The compute-in-memory chip designer has won more than 150 product designs in under a year of M50 mass production, including a palm-sized Lenovo AI box.
Kuaishou Chip Spin-Off Lingchuan Raises RMB1 Billion for 3D-Stacked AI Video Chips
E-Town Capital, Qiming and Zhaohui Capital led the round; its SL200 video chip has shipped nearly 100,000 units to Kuaishou, Alibaba Cloud and Bilibili.
Alibaba and Hisense Widen AI Pact to Agent TVs, Optical Links and Overseas Cloud
Alibaba CEO Eddie Wu witnessed the signing, which covers five layers from data-center hardware to agents and builds on cooperation dating back to 2010.
ByteDance’s Seedance Now Earns Half Its Revenue Overseas, Reports Say
Overseas revenue from the AI video model has grown nearly fivefold in six months, and Tencent ranks among its three biggest customers in China.