The Number
- DeepSeek's flash tier runs $0.003/M input on a cache hit at off-peak, with a 1M-token context, per DeepSeek's pricing docs as of 2026-10-07.
- Qwen3-max lists at 2.5 yuan/M input for prompts under 32K tokens, Alibaba's cheapest Max tier, per DashScope pricing as of 2026-10-07.
- GLM-flash sits at $0.0278/M input on OpenRouter, the cheapest Zhipu listing there, as of 2026-10-07.
Top of the Fold
- Moonshot is reported to have closed a $50B PreIPO round, a step toward a public listing, per 极客公园 citing circulating reports (unconfirmed).
- Meshy lands at No. 31 on a16z's first consumer-AI revenue top-50, the only 3D-model company on the list, per 量子位.
- Moonshot formally launches its flagship Kimi K3 model, now its top pricing tier, per Moonshot's pricing docs.
Untranslated
- Baiguan maps China's AI hackathons becoming a launchpad and a job interview at once, loud in the domestic builder scene, per Baiguan (English mirror, go past).
- 虎嗅 runs a long read on US startup Instinct hitting a $10B valuation in 33 days with 14 people, framed as a warning for China's agent layer, per 虎嗅 (one named view).
- Otherwise quiet across the Chinese community overnight; the wires ran holiday and Nobel coverage, not shipping news.
The Backstory
- Carmakers are racing into in-house batteries, with Xiaomi, Li Auto, Leapmotor and XPeng all declaring self-developed cells within September, a quiet pivot away from CATL dependence, per 虎嗅.
The Kicker
- Ant's health app 阿福 says 600,000 users gained a combined 1M jin over the Mid-Autumn and National Day break, its weight-loss campaign running in reverse, per 雷峰网.
