The Overnight

The Overnight — 2026-10-12

Kimi K3 ships; Tencent sunsets its agent platform

What China's AI world did while the West was asleep. · 2026-10-12

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The Number

  • DeepSeek-V4.1-Flash lists at $0.15/M input tokens cache-miss off-peak, with cache-hit as low as $0.003/M, per DeepSeek's pricing docs as of 2026-10-11.
  • Qwen3.8-Max runs 12 yuan/M input tokens on DashScope, half that on batch calls, per Alibaba's model-pricing page as of 2026-10-11.
  • DeepSeek-V4-flash-latest sits at $0.018/M prompt tokens, the cheapest China-lab prompt rate on OpenRouter as of 2026-10-11.

Top of the Fold

  • Moonshot flags Kimi K3 as formally released on its platform, now the top entry in its pricing tiers above K2.7 Code and K2.6, per Moonshot's pricing docs.
  • Tencent sets its Yuanqi agent platform to shut down 2026-11-09, pulling a flagship 2024-era agent product with a data-export window to 2027-01-09, per 虎嗅.
  • Tencent and ByteDance are said to be accelerating personal-agent development, a race over consumer assistants rather than frontier models, circulating/unconfirmed per 极客公园.

Untranslated

  • 虎嗅 argues the Forward Deployed Engineer role, up a reported 42x in US postings 2023-2025, risks becoming rebranded senior outsourcing in China even as Tencent lists FDE roles at 40-70K in Shenzhen, a named dissenting read not consensus.
  • 量子位 flags a community-built DeepSeek Bot that runs as a plug-in inside DeepSeek's own app, a grassroots clone of the Grok Bot pattern, verify at primary.
  • 量子位 notes the original GPT-4o API snapshot nearing its shutdown countdown eight months after delisting, still drawing a user salvage campaign in Chinese forums, circulating/unconfirmed.

The Backstory

  • 虎嗅 recounts how ByteDance's free micro-drama app Hongguo climbed from 320,000 monthly users at its 2023 launch to 356M three years on, becoming the firm's fifth app past 100M daily, with director Jia Zhangke now openly among its viewers.

The Kicker

  • 吉利 says its Galaxy Zhanjian 700, a thousand-horsepower electric off-roader, cleared 10,000 orders in 12 minutes after a 169,800-yuan launch price, per 极客公园.