The Number
- DeepSeek's first seven months of 2026 revenue ran to 475M yuan, roughly 10x its full-2025 take, against a 715M-yuan net loss, per The Information via 智东西.
- 美图's H1 adjusted net profit rose 39.5% to 650M yuan on 2.21B yuan revenue, with paid subscribers past 18.44M, per its interim results.
- Qwen3.8-Flash lists at 1 yuan per million input tokens, output 3 yuan, roughly a third of DeepSeek-V4-Flash's rate, per its 千问 platform.
- DeepSeek-V4-Pro cache-miss input sits at $0.66/M off-peak, output $1.98/M, as of 2026-08-26 on its pricing docs.
Top of the Fold
- Alibaba ships and open-sources Qwen3.8-Flash, a 125B MoE activating only 6B, with company-stated performance beating Claude Opus 4.6 and a claimed 90% training-cost cut versus Qwen3.7-Plus, per 雷峰网; benchmark figures are company-stated and unverified.
- 商汤 posts a first-ever half-year profit of 620M yuan as recurring revenue and gross margin climb, framing itself around one model and a token factory rather than price competition, per 雷峰网.
- DeepSeek is pushing a second raise targeting 50B yuan at a 500B-yuan valuation while spending 11B yuan on AI infrastructure this year, per The Information via 智东西; the round is circulating and unconfirmed.
- 智元 sweeps the 2026 World Humanoid Robot Games with 18 golds on top of the medal table, its production 灵犀X2 taking the 100m hurdles, per 智东西.
- 面壁智能 marks four years with a founders' letter from 李大海 and 刘知远 betting on on-device intelligence, its MiniCPM open models past 50M downloads, per 智东西.
Untranslated
- 王云鹤's infrastructure startup 基元律动 (TokenRhythm) closed a new round totaling tens of millions of dollars led by 弘晖, betting on a Routing Harness layer between models and apps, per 雷峰网 exclusive.
- 张琪智, the former 剪映 China head, left ByteDance to start Design Agent workbench OJO and raised a near-100M-yuan first round from 顺为 and 联想创投, per 极客公园.
- 蚂蚁国际 released its self-built time-series model 鹰序TST 2.0, claiming a first-place finish on an authoritative time-series benchmark for finance forecasting, per 量子位; the ranking is company-stated.
- 即梦AI launched a film-content label 即梦片场 offering compute, funding, and distribution to selected feature and series projects, per 雷峰网.
- Otherwise quiet across the Chinese community overnight.
The Backstory
- 寻影 (OBSBOT) co-founder 李亮, a 90s-born 大疆 and 浙大 alum, gives his first public interview, dating the company's autonomous-camera bet to a 2016 浙大 senior's startup that peers then called a non-consensus idea, as recorded by 雷峰网.
The Kicker
- 中国卫通 put satellite mobile-data plans on open retail sale starting at 27,999 yuan for a portable dish bundle, aimed at RV, off-road, and offshore users with no cell coverage, per 虎嗅.
