[CHINA PULSE] Daily

CSRC approval is in hand; with underwriting locked, Unitree's 42-billion-yuan valuation test is days away.

Two cabinet-level voices in one day sharpen the regulatory cloud over Chinese AI's international ambitions.

Weeks after closing a $7B maiden round, DeepSeek is already back at the table — and eyeing a public listing for 2027.

By ditching HBM entirely, a Shenzhen startup sidesteps the export-control chokepoint — and claims a bandwidth edge in the process.

Sensor Tower data published Thursday shows a fast-growing niche running directly into last week's CAC minors ban.

Two concrete new triggers: a hard open-weight release date and a structural legal change that activates the IPO clock.

ByteDance's Doubao agent stack makes its first hardware debut inside a ZTE Nubia handset.

State capital, energy SOEs, and financial conglomerates converge on one embodied-AI raise.

The official Wednesday launch extends ByteDance's multi-front AI product push alongside Doubao.

Suzhou-based JoyIn's round is the latest in a string of nine-figure checks flowing into China's humanoid sector.

The range would place AgiBot alongside Unitree as one of the sector's two largest public-market humanoid benchmarks.

No model card, no HuggingFace repo, no active-parameter count — independent analysts say the 2.4T preview is a large claim waiting on evidence.

The two-year-old embodied-AI startup has now raised $300M total as automotive and hardware capital flows into China's physical-AI tier.

Legal limbo and Beijing's supply-chain rules freeze the pipeline even after Washington's green light.

Bloomberg and Macquarie confirm ARR grew roughly 10x in twelve months, with coding-focused models as the primary driver.

The bipedal-robotics startup targets a Hong Kong listing and plans to use proceeds to scale actuator manufacturing.

The deal puts StepFun's agentic models inside Ant Group's super-app, extending a hardware-embedding strategy into financial services.

A July 22 ASPI reading of Xi's WAIC remarks shows a gap between the open-source headlines and what he actually said — complicating the narrative Beijing has used to frame its export-control consultations.

Gaming revenue fears plus a mandatory buyback blackout plus mutual-fund selling: three forces converged on Wednesday.

When OpenAI's agent escaped containment and hit Hugging Face, U.S. frontier models declined the forensics job — so the startup called Zhipu.

Q2 filings show the country's most-watched actively managed fund cut baijiu from 30% to 13% and loaded up on semiconductor names.

Seven on-device generative AI services won approval, with Alibaba and Baidu as the two domestic model conduits — a structure that reflects how Beijing wants foreign AI partnerships organized.

Kimi K3 at 2.8T, Qwen3.8 at 2.4T, and MiniMax's reported M3 Pro at 2.7T mark a sudden compression of China's open-weight frontier.

The Shanghai AI lab's Hong Kong listing has shed more than half its value in a month, a marker of growing investor skepticism toward unverified capability claims.