Alibaba Plans Hong Kong Spin-Off of AI Chip Unit T-Head
T-Head filed confidentially for a Main Board H-share listing on September 11, and Hong Kong’s exchange has cleared Alibaba to proceed with the plan.
DAILY BRIEF · 10 STORIES
The November 11, 2026 brief
China’s Moonshot AI Rented Nvidia B300 Servers Located in China, Filings Show
Bank financing records valued 32 Super Micro servers with Nvidia B300 chips at RMB432 million, with a Moonshot service contract pledged as collateral.
Jiangsu Lettall’s Unit Named Hub of Reported US$7.5 Billion Nvidia Chip Network
Shanghai Century Litong, the Lettall subsidiary The Information placed at the network’s center, had about RMB1 billion in revenue from computing rental in 2025.
China’s Eight-GPU AI Servers Top RMB20 Million as Middlemen Mark Up Supply
Quotes for one top-end server model have risen fivefold from about RMB4 million late last year, past the RMB15 million that big AI firms will pay.
China GPU Maker Denglin Falls 7.8% in Hong Kong Debut as Xinde Jumps 28%
Denglin closed at HK$213 after pricing at HK$231, the bottom of its range, while chip packager Xinde Semiconductor ended its first day at HK$11.40.
China’s Adaspace Seeks up to HK$1 Billion in Hong Kong IPO for AI Satellites
The Chengdu satellite maker closed its books on November 10 with orders for 114 AI satellites worth RMB3.48 billion and a 2025 loss of RMB256 million.
Ant Group’s Robbyant Open-Sources a Touch AI Model That Works Across Robot Hands
LingBot-Touch learned from 4,983 hours of sensor data and raised four robot control models’ average success rates by about 14 to 26 points in 26 tests.
Lenovo Plans a 100MW AI Token Factory in Zhangjiakou as It Launches Wanquan Brand
The first site targets a 15,000P computing cluster and more than 2 quadrillion tokens a year, with peak output of 200 million tokens per second.
AgiBot and Hillhouse’s GL Ventures Back China AI Materials Startup CleerScience
The Beijing company closed an angel round of nearly RMB100 million and says it has signed orders worth tens of millions of yuan within six months.
Alibaba’s Tmall Sells AI Token Plans Like Phone Credit on China’s Singles’ Day
Tmall says shoppers now search its app for AI token plans, while a JD.com livestream lifted token-pack sales 20-fold within two hours.