The Number
- DeepSeek's V4.1-Flash lists at $0.15/M input tokens on a cache miss off-peak, half that on cache hit, per DeepSeek's pricing docs on 2026-09-30.
- Nine Chapters (九章云极) reports 178% revenue growth in its Hong Kong IPO filing, ranking ninth among China compute-service providers by 2025 revenue, per 智东西 on 2026-09-30.
- GLM's flash tier runs at $0.02/M input on OpenRouter as of 2026-09-30, undercutting all listed Qwen variants there.
Top of the Fold
- Kuaishou hands Kling AI to Yu Yue (盖坤), a former Alibaba P10 algorithm chief, as CEO, signaling it will run the video model as a standalone company, per 智东西 on 2026-09-30.
- DeepSeek publishes its first detailed writeup of DSec, the elastic-compute setup behind V4.1's agent training, choosing Zhihu over a paper to explain its infra, per 量子位 on 2026-09-30.
- Nine Chapters (九章云极) files for a Hong Kong main-board listing on 2026-09-29, betting its future on a Token-factory strategy, per its prospectus via 智东西.
Untranslated
- DeepSeek open-sources base components for Huawei's Ascend chips, moving to build its stack outside Nvidia tooling, per 量子位 on 2026-09-30.
- Chinese and overseas teams race to make the 2.8T-parameter Kimi K3 usable: Inspur's SD200 Ultra fits it on 128 domestic chips and cuts token latency to a claimed 5.85ms, company-stated, per 智东西 on 2026-09-30.
- 36 listed robotics firms show sharply split earnings as the sector drops showpiece demos for commercialization, per 量子位 on 2026-09-30.
- Doubao is circulating plans for a personal AI product called Spell, still unconfirmed, per 极客公园 on 2026-09-30.
The Backstory
- Yu Yue, tapped to run Kling AI, is a Tsinghua-trained search-and-recommendation specialist who reached P10 at Alibaba Mama before joining Kuaishou in 2020 and leading its video-model work, per 智东西 on 2026-09-30.
The Kicker
- AGILINK's OmniHand 3 Ultra apprenticed to a Suzhou embroidery master, threading a needle and splitting silk on camera with no CG, per 智东西 on 2026-09-30.
