What the evaluation found The panel concluded the project fills a core gap in China’s domestic multi-modal AI databases and offers a new paradigm for modernising basic-software architecture and fusing AI with the data layer. Targeting the strategic need for local substitution in critical fields, it tackles entrenched industry problems: rigid sharding in distributed databases, … Read more
A Huawei lifer’s bet Founder and CEO Yang Bin spent more than two decades at Huawei, building the company’s processor team from scratch in the US and later leading wireless baseband algorithms and chip work, with long experience in large-scale hardware scheduling and data architecture. He sums up entrepreneurship as ‘the realisation of everything you … Read more
PaXini says cumulative funding has crossed 3.5 billion yuan, refreshing the global ceiling for tactile-sensing financing, as the company repositions itself from sensor maker to the data infrastructure of the Physical AI era. The round assembles a ‘four-in-one’ capital matrix spanning national financial capital, three regional AI-industry funds, leading market institutions and global industry giants. … Read more
From a 20 billion yuan unicorn to a fresh start The founder is Xu Huazhe, formerly co-founder and chief scientist of StarWeave, the embodied-AI company whose valuation blew past 20 billion yuan with close to 3 billion yuan raised. Xu left at the peak to build something new. His record is rare even in this … Read more
Shenzhen has launched what its backers call China’s first thousand-qubit-scale quantum computing power platform, a step they say moves the country’s quantum effort from technical validation toward something industry can actually use. On 3 August, the Greater Bay Area, Guangdong, Quantum Science Center, the National Supercomputing Center in Shenzhen, and Entropec, Shenzhen, Technology unveiled the … Read more
China has approved its first mandatory national safety standard for L3 and L4 autonomous driving, setting a unified bar for vehicles that can drive themselves. The Ministry of Industry and Information Technology’s standard, Safety Requirements for Autonomous Driving Systems of Intelligent and Connected Vehicles, was formally approved on 30 July and takes full effect on … Read more
DeepSeek V4 Flash is redrawing how models are judged. On OpenCode, a single AI coding tool, the model burned 8 trillion tokens in one day, more than the entire OpenRouter platform’s daily average of about 6.6 trillion across 400-plus models. The reason is price. DeepSeek charges about 2 yuan per million output tokens; Anthropic’s Claude … Read more
On 3 August Alibaba opened public beta for QwenWork, its enterprise agent product, folding together QoderWork, MuleRun and Wukong into one entry for local desktop control, long cloud tasks and team collaboration. It ships alongside Qwen3.8-Max, Alibaba’s new flagship: 2.4 trillion total parameters, 95 billion active per inference, a 1-million-token context and vision. In a … Read more
On 28 July, 360 founder Zhou Hongyi launched Nano Work, an enterprise agent platform aimed at business owners, founders, one-person companies and employees — what he calls a ‘super organisation.’ Before shipping, 360 used itself as the lab: it ran agents like OpenClaw across more than 1,000 real internal scenarios, collected over 56,000 feedback items, … Read more
Canchen Tech (CANCHEN TECH) has closed a seed-to-angel series of rounds worth tens of millions of yuan, with investors including Orient Securities Capital, SongHe Capital, Tsinghua-based funds and TusStar, the company told Leiphone. It is building a system-level virtual-organ simulation platform — digital twins spanning molecule, cell, tissue and organ — to replace parts of … Read more