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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Monday, October 26, 2026
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.
Saturday, October 24, 2026
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.
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.