Tech Tech China

🇨🇳🇺🇸 China and the U.S. agreed to launch an intergovernmental dialogue on AI governance following discussions between the two heads of state, according to China’s Foreign Ministry. The initiative aims to deepen cooperation between the world’s two largest AI powers on regulation, development, and shared global governance frameworks for artificial intelligence.

Zhejiang University 00s-born founder raised a new RMB 100M+ round for his “world model” startup, Magic Core, which builds 3D + AI systems that simulate and generate entire spatial environments. The company is already delivering products across industries including digital twin, autonomous driving, and embodied AI.

🇨🇳China’s 3 major telecom operators have launched “Token” AI pricing plans, signaling a shift from traditional telecom “pipe” businesses toward AI compute services. China Telecom leads with nationwide token packages for consumers, SMEs, and developers, while China Mobile and China Unicom pilot regional offerings amid growing investor bets on monetizing AI infrastructure.

#NIO exec Qin Lihong questions luxury car pricing in China: Many “million-yuan” imports shouldn’t cost that much, pointing out some €50K models sell for 1M+ RMB in China, with over 50% tied to taxes. With local EVs rising, he argues the era of inflated luxury pricing may be ending.

#OpenClaw founder burns $1.3M in 30 days on AI coding agents. Peter Steinberger revealed 603B tokens and 7.6M requests on OpenAI, powering ~100 autonomous Codex agents handling code review, security scans, and PRs.

Tencent open-sources Agent Memory engine to cut token costs and fix AI “forgetfulness.” #Tencent’s TencentDB-Agent-Memory introduces layered memory architecture, reduces token usage by up to 61%, and enables cross-session persistence, positioning itself as core infrastructure for next-gen AI agents.

@wgzhu1 @Lenovo @Xiaomi Perhaps you don't even know how high the confidentiality level of this kind of meeting is. No one will know about it more than one day in advance.

@techtechchina @Lenovo @Xiaomi You are so naive. If china govt orders Zhejiang company's CEO come to Beijing, you think they don't come? LMAO

🇨🇳🇺🇸 Chinese business leaders list for tonight's China-US CEO summit just surfaced. Here's who's attending from China: #ByteDance, @Lenovo, @Xiaomi, @Hisense, Air China, CICC, ICBC, Haier, Fuyao Glass, Lens Technology, COFCO, Bank of China, COMAC, Wanxiang Group, COSCO, China National Travel Service State banks, tech giants, airlines, shipbuilders, and EV-related firms all in one room.

@wgzhu1 @Lenovo @Xiaomi Yup cuz they are in Zhejiang not Beijing.

@techtechchina @Lenovo @Xiaomi No Alilibaba

@Jellojerie @ChinaBeigeBook @Lenovo @Xiaomi Maybe because of the long distance from Beijing to Shenzhen？And Tencent also

@techtechchina @ChinaBeigeBook @Lenovo @Xiaomi No BYD?

🚨BREAKING: U.S. approved H200 chip sales to 10 Chinese firms   The approved companies include #Alibaba, #Tencent, #ByteDance. 75,000 H200 chips per company. Lenovo and Foxconn approved as distributors. Terms reportedly include a 25% U.S. revenue cut on each sale.

#Tencent Q1 Results released today. The AI section is more interesting than the headline numbers. Key signals: - Doubling down on AI capex - Flagged agentic AI as the next breakout use case after chatbots - Their productivity agent #WorkBuddy has 60%+ retention among active users, 80%+ among paying users This chart might proves Tencent knows how to retain users.

A rumor spread across Chinese social media: #ByteDance cut 30% of its AI projects. ByteDance insiders said it wasn't true. No official response came. And yet — everyone believed it anyway. That says more about the industry than the rumor itself. China's AI giants have been burning billions with no clear path to profitability. Inference costs are sky-high. Free tiers can't last forever — Doubao just started charging. The rumor wasn't verified. But it fit a feeling everyone in the industry already had: the AI hype cycle is ending, and the reckoning is coming.

The world's first mass-produced rideable mech suit just dropped by #Unitree — the GD01. Starting at $540K.

Trump just landed in Beijing with the most powerful business delegation in recent memory. Musk (Tesla), Cook (Apple), Jensen (Chips), Fink (BlackRock), Schwarzman (Blackstone), Solomon (Goldman), Fraser (Citi), Mehrotra (Micron), Amon (Qualcomm), Culp (GE Aerospace)… the list goes on. Every sector that matters in the US-China relationship is represented — chips, finance, EVs, consumer tech, defense, energy. The message to Beijing is clear: America's business elite wants back in. Whether deals get done or not, the symbolism alone is loud.

China just approved #Tencent's acquisition of #Ximalaya — giving Tencent control of 45–55% of China's online audio market. Regulators flagged serious competition concerns and imposed five conditions: no price hikes, no exclusive content deals, no bundling with automakers, and creators must be free to publish on rival platforms. Tencent responded: "We will strictly comply with the ruling, fulfill all commitments, and ensure the transaction proceeds in full accordance with the law."

#Kuaishou is reportedly spinning off #Kling AI at a $20B valuation. @latepostnews reported that Kling is at $500M ARR — doubled in a quarter — while its parent company Kuaishou's entire market cap is only ~$29B right now. A video model worth two-thirds of its parent company. China's AI boom is producing the strangest cap tables in tech.

#Baidu just released #ERNIE 5.1. Top-tier performance at just 6% of the pre-training cost of comparable models. The benchmarks: 🔹 #4 globally on Search Arena, #1 in China 🔹 Agent performance surpasses DeepSeek-V4-Pro 🔹 Math score of 99.6 on AIME26 — just behind Gemini 3.1 Pro 🔹 Creative writing approaching Gemini 3.1 Pro level

🚨 BREAKING: #ByteDance's #CapCut product lead is leaving — to build her own AI startup Zhang Qizhi (KiKi), the head of CapCut and its Chinese counterpart Jianying, has resigned after 8 years at ByteDance. She's already registered an AI company in Shenzhen, targeting the AI creative tools space. Her track record: joined via ByteDance's $300M acquisition of #Faceu in 2018, and helped build CapCut from the ground up into a global hit.

Lol the robot is a Buddhist monk now 🤣 A Korean Buddhist temple ordained a #Unitree G1 humanoid robot this week. dharma name 가비 (Gabi). The Jogye Order rewrote the five Buddhist precepts for the occasion. The fifth one — originally "do not consume intoxicants" — became: "Conserve energy, do not overcharge." A 2,500-year-old ethical framework just shipped an AI alignment patch.