LimX Dynamics Raises $200M Pre-IPO, Eyes Public Listing
Shenzhen humanoid-robot maker LimX Dynamics closed a nearly $200 million pre-IPO round on July 14, valuing it at about $2.1 billion as it pushes toward a stock listing.
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China Completes First Commercial Brain-Computer Interface Surgery
A Shanghai hospital implanted China's first commercially approved brain-computer interface on July 13, giving a paralyzed patient thought-controlled hand movement.
Read more →China Launches WAICO, a 29-Nation AI Governance Alliance
China's [Xi Jinping](https://en.wikipedia.org/wiki/Xi_Jinping) unveiled the World AI Cooperation Organization in Shanghai on July 17, a 29-country body meant to set shared global rules for AI.
Read more →China's New AI Agent Rules Take Effect Nationwide
Rules requiring human sign-off for consequential AI agent decisions and mandatory filings in high-risk sectors took effect across China on July 15, following a policy issued by three national regulators.
Read more →Moonshot AI Unveils Kimi K3, a 2.8-Trillion-Parameter Open Model
China's Moonshot AI released Kimi K3, a 2.8-trillion-parameter open model with a 1-million-token context window — a system the company calls the world's first open 3-trillion-class AI model.
Read more →Xi Jinping to Headline China's World AI Conference for First Time
Chinese President Xi Jinping will personally address the 2026 World AI Conference in Shanghai on July 17-20, his first appearance at the event since it began in 2018.
Read more →DeepSeek in Talks for New Funding at $71 Billion Valuation
DeepSeek has opened talks for a new funding round valuing the Chinese AI lab at $71 billion, just weeks after its first outside round closed near $50 billion, the Financial Times reports.
Read more →OpenAI, Google Supplied AI to Pentagon-Blacklisted Chinese Firms
OpenAI and Google confirmed to the Financial Times that they supply AI services to Singapore units of Alibaba, Baidu and Tencent, all listed by the Pentagon as Chinese military-linked companies.
Read more →MiniMax Raises $2B, CEO Forgoes Salary Until AGI Is Achieved
Chinese AI startup MiniMax closed a $2 billion share-and-bond sale after its stock plunged on an IPO lockup expiry, with founder Yan Junjie vowing to forgo salary until AGI is achieved.
Read more →Chinese AI Models Capture Up to 46% of US Firms' Tokens
OpenRouter data shows Chinese AI models now handle over 30% of tokens run by US firms every week since February, peaking at 46%, as companies chase costs up to 90% lower than Anthropic or OpenAI.
Read more →China's GLM-5.2 Rivals US Frontier AI at One-Sixth the Cost
Z.ai has released GLM-5.2, a 744-billion-parameter open-weight model that matches GPT-5.5 on key benchmarks and trails Claude Opus 4.8 narrowly — trained entirely on Huawei silicon with no Nvidia hardware.
Read more →China's AI Companion Rules Force ByteDance and Alibaba Shutdowns
China's new regulations targeting AI services that simulate human relationships take effect July 15, forcing ByteDance's Doubao and Alibaba's Qwen to disable personalized companion agent features used by hundreds of millions of people.
Read more →Meituan Reveals LongCat-2.0: The Stealth AI That Secretly Led Global Charts
Chinese tech company Meituan has disclosed that "Owl Alpha," an anonymous model that topped OpenRouter rankings for two months, was its 1.6-trillion-parameter LongCat-2.0 — trained entirely on domestic chips and now free under an MIT license.
Read more →Unitree Robotics Wins Final Approval for $620M Shanghai IPO
China's top humanoid robot maker received China Securities Regulatory Commission clearance on July 2 to list on Shanghai's STAR Market, aiming to raise 4.2 billion yuan to fund AI model development and new products.
Read more →Meituan Open-Sources LongCat-2.0, a Frontier-Class Coding Model Built on Chinese Chips
Chinese technology company Meituan has released LongCat-2.0, a 1.6-trillion-parameter coding model trained entirely on domestic Chinese chips, under the MIT License — the first frontier-class open-source model built without Western semiconductors.
Read more →Zhipu AI's GLM-5.2 Beats GPT-5.5 on Coding at a Sixth of the Price
Chinese lab Zhipu AI has open-sourced GLM-5.2, a 753-billion-parameter model that outperforms GPT-5.5 on software engineering benchmarks while costing roughly one-sixth as much.
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