China AI

AINeolix, an autonomous delivery vehicle company, says it has closed a Series E round of nearly $400 million led by Boyu Capital and a national-level fund.

AITenstorrent, an inference-focused chip startup, has raised $1.5 billion at a $6.2 billion valuation, more than double its late 2024 valuation.

Why it matters: The round's valuation history and the rejected acquisition interest show how investors now value AI inference chip startups competing with Nvidia.

AIAliExpress and Tmall announced the "China Brand Global Growth Plan" on October 19, 2026, at AliExpress's annual summit in Shenzhen, with AliExpress allocating special funds for angel investments in AI hardware brands.

AIMemSilicon, a Chinese chip company, has closed a Series A round of over 400 million yuan led by Boyuan Capital.

AIMemSilicon has closed a Series A round of over 400 million yuan, led by Boyuan Capital, to fund RRAM commercialization and development of its LPU, an inference chip for large models.

AICXMT shares fell 6.5% Monday after the company forecast net profit of 131 billion to 132.5 billion yuan for January to September 2026, reversing a 5.28 billion yuan loss a year earlier.

AIWu Haixu, first author of the GeoPT paper, has founded Wuyuan Technology, a world-model startup that has raised several rounds and reached a valuation of several hundred million US dollars, with investors including Ant Group and Meituan.

AIChangxin Technology (CXMT) shares closed at 43.59 yuan on October 15, pushing its market value below 3 trillion yuan.

AIYuanjie Semiconductor Technology expects third-quarter net profit of 403 million to 453 million yuan, up 579% to 660% from a year earlier, as data-centre demand drives shipments.

AISK Hynix has fallen 26%, Samsung 22% and Micron about 11% over five days as investors weigh CXMT's planned server memory product and a Maeil Business Newspaper column warning of oversupply in 2029.

AIByteDance is near an agreement to buy custom data-center AI chips from MediaTek, which would make it MediaTek's second-largest ASIC customer after Google.

AIIndian startup Scimplify raised $25 million in an all-equity round led by Hitachi Ventures, with Henkel and Teknor Apex joining as new investors.

AICounterpoint Research says Yangtze Memory Technologies Corporation (YMTC) will grow revenue six times faster than its industry peers this year as it expands into server-related business.

AIAccording to 36Kr, DeepSeek is set to lead a seed round of tens of millions of dollars in robotics AI startup Winverse AI, valuing it at about $400 million post-money.

AIGoogle opens Gemini 4 Argon to developers and enterprises, priced at $2 per million input tokens and $10 per million output tokens until a November 30 promotion ends.

AIChangXin Memory Technologies (CXMT) said it made progress on a new memory architecture that packs more data into less space, and tech stocks fell on Tuesday.

Why it matters: The source ties a Chinese memory chipmaker's architecture announcement to stock losses at global rivals, showing how competitive chip news moves markets.

AIAccording to Caijing, DeepSeek is nearing completion of a second funding round of roughly $14 billion, double its initial $7 billion target.

AIDeepSeek plans to lead a tens-of-millions-of-dollars seed round in Winverse AI, a robotics AI startup founded in 2026, according to Bloomberg.

AISamsung and SK Hynix closed down 7.4% and 10.1%, respectively, and have fallen about 16% and 22% over five trading sessions.

AIAI music hardware company SUAVE has closed a seed round of tens of millions of yuan led by HINA, the RMB fund set up by HongShan Asia's China team, Leiphone reports.

AIWuwen Xinqiong has closed a Series C round of 2.3 billion yuan, bringing its total funding to 4.3 billion yuan, a record for China's AI-native infrastructure sector.

AIShenzhen Shita Robotics completed an angel round on October 13, with Huawei's Hubble Investment among the investors.

AIAsian technology stocks fell Tuesday as a sell-off in U.S. semiconductor shares spread to the region.

AIMainland Chinese investors bought a net HK$60.8 billion (US$7.7 billion) of Hong Kong stocks via Stock Connect in September, up from HK$10.4 billion in August, according to Wind.

AIA 10-person stealth lab founded by Peking University PhD student Tian Keyu raised $30 million from Wolves VC and IDG at a $200 million valuation, according to Leiphone.

AITencent is reportedly considering an offshore bond sale of up to $5 billion in US dollars and offshore yuan, possibly as early as this month, according to Bloomberg.

AIChinese AI chipmaker Biren Technology is raising HK$4.04 billion ($520 million) through a share placement of 130 million shares at HK$31.08 each, a 33% discount to its July placement price.

AIShares of Chinese optical chipmakers fell for a second straight session on Friday amid fears of potential US trade curbs on next-generation optical transceivers for data centres.

AIManus parent Butterfly Effect announced funding of over $500M led by Boyu Capital and IDG, with Tencent, HSG and ZhenFund returning, its first disclosed raise since resuming independent operations.

AIGeekPark reports that Krinwave, a Shenzhen company, has completed a new 400 million yuan round with XVC and Sequoia China as new investors.

AINaive AI, founded seven months ago, has raised $400 million across three rounds at a $1.42 billion post-money valuation.

AIBASAL Intelligence, founded by Tsinghua AIR's first PhD graduate Li Jianxiong, has secured lead funding from Five Source Capital, with Ivy Capital, Linear Capital and WestSummit Capital participating.

AIManus, an AI agent startup, raised more than $500 million in a funding round led by Boyu Capital and IDG Capital, with follow-on investment from Tencent, HSG and ZhenFund.

AIManus' parent company Butterfly Effect said it raised more than $500 million, its first funding round since Meta called off its $2 billion acquisition.

AIAnalysts expect Alibaba Group Holding's cloud and AI unit to report a 50 per cent revenue surge for the September quarter, up from 45 per cent growth in the prior quarter.

AIManus parent company Butterfly Effect has completed a new financing round of over $500 million, led by Boyu Capital and IDG Capital, and is rebuilding a team in Beijing to develop AI Agent products for the Chinese market.

AIShanghai Biren Technology shares fell more than 12% in Hong Kong on Thursday after the company filed plans to raise HK$4 billion (US$510 million) through a share placement.

AIHu Han, former head of Tencent Hunyuan's visual large model algorithm center, is raising tens of millions of dollars for a multimodal startup at a target valuation of several hundred million dollars, with Yuanshi Capital as financial advisor.

AIParamount Skydance completed its roughly $110 billion acquisition of Warner Bros. Discovery on October 6, with the combined company renamed Skydance.

AIDeepSeek is close to raising at least 80 billion yuan ($12 billion), up from an original target of about 50 billion yuan, according to Bloomberg citing people familiar with the matter.