The Number
- Unitree opens at 1,100 yuan against a 150.80-yuan offer price on its Star Market debut, up 629% for a roughly 445B-yuan cap, per 智东西 (2026-08-19).
- Qwen3.8-max sits #3 on Arena's code preference ranking at 1667 Elo, top China-lab entry behind two Anthropic models, per LMArena (2026-08-19).
- DeepSeek-V4-Flash lists cache-miss input at $0.22/M off-peak versus $0.66 for V4-Pro, per its pricing docs (2026-08-20).
Top of the Fold
- Unitree lists on the Star Market and opens up 629%, the first humanoid-robot name on A-shares and a marker for how China prices the sector, per 智东西.
- Video-generation unicorn 生数科技 weighs a Hong Kong IPO of over $500M with CICC and CITIC, extending the Tsinghua-founded model labs' move to public markets, per 智东西 citing Bloomberg.
- Jefferies tests eight agents on five office tasks and scores Alibaba's Qwen office agent first, the only one above 90 across every dimension, per 雷峰网 (company-relayed, verify independently).
- Kuaishou spins out its Kling video model for independent funding at a reported $18B, drawing Tencent, Alibaba Cloud and Baidu into one round, per 虎嗅.
Untranslated
- MiniMax's core engineering lead 阿岛 departs, the developer-facing figure who long fronted the lab's technical outreach, per 量子位.
- 美图's MT Lab proposes BridgeRemoval, reframing video object removal as a video-to-video translation task via a stochastic bridge, presented at ICML 2026, per 智东西 (preprint claim).
- 维他动力 shows a 160cm fabric-clad humanoid ATOM built for home spaces with silenced feet, opening WRC-floor pre-orders in individual, enterprise and developer versions, per 智东西.
- PaperWeekly flags DeepSeek-V4-Flash reportedly surpassing a stronger rival through self-verification rather than a model swap, circulating and unverified, per PaperWeekly.
The Backstory
- At the Unitree listing 王兴兴 stayed visibly calm while the room did the math, holding a 23.82% stake worth over 8B yuan at close, the founder facing a new rulebook rather than a payout, as observed by 虎嗅.
The Kicker
- 郭富城 swaps his car for a fully-loaded Huawei setup, a 5.3-meter six-seat SUV in the 300k-yuan tier, per 量子位.
