The Overnight

The Overnight — 2026-08-30

Tencent open-sources Hunyuan Hy4 preview at 770B params

What China's AI world did while the West was asleep. · 2026-08-30

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The Number

  • DeepSeek lists deepseek-v4-pro cache-miss input at $0.66/M off-peak, roughly triple the flash tier's $0.22/M, per DeepSeek docs as of 2026-08-29.
  • Qwen holds qwen3-max input at 2.5 yuan/M for the first 32K tokens, its cheapest flagship tier, per Alibaba Bailian pricing as of 2026-08-29.
  • Tencent's newly open Hy4 preview posts input at 6 yuan/M, output 18 yuan/M, cache-hit 0.3 yuan/M, per its release as of 2026-08-29.

Top of the Fold

  • Tencent open-sources Hunyuan Hy4 preview, lifting total params from 295B to 770B and context to 1M, and pushing it into WorkBuddy, CodeBuddy, Yuanbao and OpenRouter, per 极客公园.
  • Tencent claims Hy3 API calls hit 68x its prior model a week after its July launch, the productization case Hy4 now inherits, company-stated per 极客公园.
  • Alibaba ships Qoder, its coding product, framing code as the executable layer of agent work, per 量子位.

Untranslated

  • Tsinghua names 徐梦迪, who returned to China last year, as head teacher of the Yao Class, a homecoming placement flagged across the Chinese community, per 量子位.
  • 量子位 traces why locally deployed models trail official versions to the inference stack, 734 dependency packages each able to shift output tokens, per 量子位.
  • An open-source OCR tool converts a PDF page to Markdown in 20ms, about 300x faster than prior tools, handling 200 PDFs in three seconds, per 量子位.
  • Otherwise quiet across the Chinese community overnight.

The Backstory

  • 徐梦迪 read vehicle engineering as an undergraduate before returning to China last year to teach the first AI cohort of Tsinghua's Yao Class, per 量子位.

The Kicker

  • 虎嗅 relays the online panic over AI firms buying up secondhand books worldwide to shred and scan, one shipment tracked to an Amazon warehouse by a hidden AirTag, circulating and unconfirmed, per 虎嗅.