Kimi K3 surpasses every existing open-source model in scale and outperforms most frontier closed-source rivals on coding benchmarks, as Moonshot AI's annualized revenue triples to $300 million in under four months. Beijing-based Moonshot AI unveiled Kimi K3 in the early hours of July 17, 2026,

Tencent is spearheading a Chinese capital consortium to buy back AI agent startup Manus from Meta Platforms at an unchanged valuation of approximately US$2 billion (RMB 13.6 billion), a deal structure that reveals as much about the buyer's strategic desperation as it does about the asset&

Xiaomi has released and open-sourced Xiaomi-Robotics-U0, the industry's first unified generative model for embodied AI data production, clearing what engineers and investors increasingly identify as the single hardest constraint on humanoid robot commercialization: scalable, controllable training data. The model, unveiled July 15, 2026, ranked first

Chinese on-device AI startup ModelBest has secured a partnership with Samsung to embed its proprietary MiniCPM series of edge AI models across multiple flagship smartphone lines, marking a significant step in the commercialization of on-device large language models in China's mobile market. According to an exclusive