Runjian signs a US$200 million deal to sell China AI tokens overseas
An unnamed foreign client will pay per token to run AI models in Runjian’s Nanning data center for a year, with a minimum spend of about RMB1.338 billion.
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Monday, October 19, 2026
Hygon and Sugon lead China tech buyback proposals worth up to RMB2.4 billion
Five chip and computing companies filed plans on October 18 after a week in which the ChiNext index fell 8.9% and the Shenzhen Component lost 6.64%.
China’s AI Plus campaign shifts to scaling as nearly half of uses stall
Li Qiang’s cabinet put pilot validation and computing-power and electricity coordination on its AI agenda after MIIT listed 1,000-plus factory AI scenarios.
CXMT’s profit forecast leads an AI-driven wave of upbeat A-share earnings
Of 159 A-share companies with third-quarter forecasts out by October 18, 132 expect better results and 37 credit AI demand, by one newspaper’s count.
Tencent’s WeChat Channels bans seller that cloned actor Wu Yue with AI
The skincare account 花姐美肤日记 used a synthetic face and voice of the actor, plus a fake Deng Yaping, and its videos already carried an AI label.
Weibo tilts its feed toward real creators and tests an AI editor agent
Weibo’s monthly active users have slipped from 598 million at the end of 2023 to 561 million in June 2026, according to the company’s quarterly results.
China’s draft AI export curbs bring adjustment costs for developers expanding abroad
MOFCOM says API, app and SaaS access would not count as a large-model export, while local overseas deployment of a restricted model falls under export control.
Lingyi iTech’s robot revenue stays folded into a broader segment after Hong Kong IPO
The Apple supplier netted HK$8.15 billion to fund AI hardware and humanoid robots; its assembly segment, which includes robots, made RMB2.22 billion in H1.
Apple supplier Luxshare leans on AI data-center hardware as profit trails sales
Luxshare’s first-half revenue rose 40% to RMB174.5 billion while net profit grew 18%; its data-center unit’s sales rose nearly 50% to RMB16.6 billion.
China’s AI ad makers churn out fake endorsements for a few hundred yuan
A planner told a Beijing Daily outlet that one operator can make dozens of ad videos in an evening, while a 60-second shoot costs at least RMB10,000.
Sunday, October 18, 2026
Agricultural Bank of China ties Kimi membership to card spending
ABC’s fourth-quarter promotion offers eligible first-time holders two KIMI Pro monthly cards after RMB5,888 in qualifying spending.
Chery plans UAE robotaxi agreement with Abu Dhabi’s K2
Chery says it will showcase a factory-integrated Level 4 robotaxi at its Wuhu summit, scheduled for October 19–23, alongside a planned K2 signing.
China Meteorological Administration advances Fengqing AI ensemble toward service
Fengqing Ensemble V1.0 cleared an operational review after independent tests produced an 11-day range for a key global forecast measure.
China Mobile Hong Kong tests U6GHz network in Mong Kok
The company says its 100 MHz allocation now underpins a completed flagship-store validation in Hong Kong’s upper 6 GHz radio band.
China’s TCM plan makes AI part of its health agenda
The five-year blueprint calls for high-quality TCM AI data sets, smart hospitals and diagnostic-assistance tools for grassroots providers.
Citi sees China AI listings continuing in Hong Kong
The bank points to a balanced investor base and local liquidity as 118 Hong Kong IPOs raised HK$388 billion through September.
DeepSeek adds Search and Fetch APIs to Flash update
The release retains the deepseek-flash model name and prices each retrieval endpoint at US$0.75 per 1,000 successful requests.
ModelBest co-releases PilotDeck with inspectable agent memory
ModelBest’s joint PilotDeck 2.0 release lets users separate project context, inspect saved memory, and reverse a consolidation.
Peng Cheng Laboratory starts Cloud Brain III trial operation
The Shenzhen research institute has 10,000P of domestic computing capacity online as a February municipal target calls for 16,000P by the end of October.
Purple Mountain Laboratories launches an AI-agent network with China Mobile
AXP, developed by four Chinese organizations, aims to connect AI agents across systems over deterministic networks and was unveiled in Nanjing on October 16.