Latest China News and Insights | Yellow

DeepSeek raised roughly 50 billion yuan, or $7.4 billion, in its first external funding round, reaching a $52 billion valuation backed by Tencent and CATL. Key Points: DeepSeek closed a roughly $7.4 billion raise, its first outside funding, at a $52 billion valuation. Tencent came in as the largest

Moonshot AI unveiled Kimi K3, a 2.8 trillion parameter open-weight model the company calls the largest of its kind, with benchmarks placing it near frontier US systems. Key Points: Moonshot's Kimi K3 carries 2.8 trillion parameters and a 1 million token context window, with full weights due Jul. 27.

China’s lower-cost artificial intelligence models are gaining traction with startups, creating a new adoption threat for Anthropic and OpenAI. Key Points: Startups are testing Chinese AI models as token costs rise for coding and workflow automation. DeepSeek’s model traffic share on Vercel reportedl

China's Ministry of Commerce has held discussions with Alibaba, ByteDance, and Z.ai about restricting overseas access to the country's most advanced artificial intelligence models, according to a report published July 7, 2026. According to a report, the ministry approached the three firms about pote

Beijing is weighing new limits on overseas access to China’s strongest AI models as national security concerns reshape the global AI race. Key Points: Chinese officials have discussed limits on advanced AI models, including unreleased systems. Reuters said Alibaba, ByteDance and Z.ai joined meetings