Phate Zhang
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MiniMax shares surge in Hong Kong as OpenClaw boom drives token usage
MiniMax shares jumped nearly 24% in Hong Kong trading on Monday, largely driven by a surge in model token usage tied to the viral OpenClaw ecosystem.
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Alibaba CEO reaffirms open-source AI strategy after exec departures
Alibaba CEO approved the resignation of its core AI chief as the Tongyi Lab's large model team undergoes extensive organizational restructuring.
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Relaunching CnTechPost
Today, we are thrilled to announce an important decision: CnTechPost is officially relaunching.
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MiniMax reports 159% revenue surge in 1st post-IPO earnings
MiniMax achieved revenue of $79.04 million in 2025, exceeding analyst expectations, primarily driven by robust international demand for its AI models.
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Geely-owned Meizu halts domestic phone hardware R&D in AI software pivot
Meizu said that the sustained surge in memory component prices has made commercialization of next-generation smartphones unfeasible.
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GAC spins off robot unit as China automakers race into embodied AI
Huilun plans to advance small-batch trial production of its core products within this year, with a goal of achieving mass production by 2027.
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Chinese AI startup StepFun reportedly plans Hong Kong IPO, potentially raising up to $500 million
With capital markets showing strong demand for China's AI boom, StepFun could list as early as this year.
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LandSpace to attempt rocket recovery again in Q2 as it pushes toward sub-$3,000/kg launch cost
LandSpace plans to conduct another first-stage recovery test for its Zhuque-3 rocket in the second quarter of this year, aiming to achieve its first reusable flight in the fourth quarter.
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Chinese robotics maker AI² Robotics completes Series B funding in a show of investor enthusiasm for humanoid robotics market
AI² Robotics has completed 12 funding raises over the past year, with its valuation officially surpassing RMB 10 billion.
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Moonshot nears completion of new funding round, valuation surpasses $10 billion
Moonshot's latest two funding rounds collectively exceeded $1.2 billion, setting a new single-round financing record in China's AI large-model space over the past year.









