Alibaba sells game unit Lingxi Games for more than $1.5 billion, media reports
Maintaining the existing team and monetizing established titles could provide a path toward a future IPO or another asset sale.
Year: 2026
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Infiforce raises nearly $148 million to build ’embodied brain’
Infiforce says it will soon release what it describes as the world’s first embodied model built around high-quality Ego data.
Shanghai unveils 20 measures to boost private investment in deep-tech
The plan focuses on expanding investment opportunities, strengthening financial support and improving the policy environment.
Jiangsu targets $9 billion commercial space output by 2028
Jiangsu is positioning its manufacturing base to become a key part of China’s commercial space supply chain.
Today’s Yangtze funding roundup: AI components, robot parts…
Recent rounds target the hardware and software layers needed to scale humanoid robots from components to intelligent systems.
DeepSeek V4 Pro goes official with 1M context, 3X higher prices
Pro output tokens are therefore three times more expensive, while cache-miss input is also priced at three times the Flash rate.
Alibaba Cloud launches M890 supernode with 64-card AI compute
The M890 supernode is also the first supernode architecture in China reported to have successfully run AI models exceeding 2 trillion parameters.
Zhejiang University’s new campus to rise next to Westlake University
The new campus will be part of Zhejiang University’s existing Zijingang Campus, rather than a separate university campus.
Zhipu AI opens institute in Hangzhou, partners with Zhejiang University
Zhipu’s expanding Hangzhou presence reflects a broader trend among China’s leading AI companies: building research, talent and commercial ecosystems outside Beijing.
Former Qwen chief Lin Junyang launches AI startup at $2 billion valuation
HongShan and Gaorong Capital jointly led the round, with Tencent and the government-backed Shanghai Engine Fund also participating.