Chelsea_Sun
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27B Local Model From StartLux Ranks Second in Official Chinese Agent Benchmark, Matching Larger Rivals on Key TasksA 27-billion-parameter local model from Shanghai-based StartLux scored 39.25 and ranked second in a China Academy of Information and Communications Technology agent-capability test, according to multiple technology outlets citing the academy’s report. The model outperformed larger DeepSeek variants on several multi-tool tasks.
Alibaba Launches AI Song Generator HappyShrimp, Echoing Old Xiami BrandAlibaba has released HappyShrimp 1.0, an AI model that converts natural-language prompts into complete songs, and paired the launch with a partnership involving Taihe Music Group. The product draws on branding linked to the former Xiami streaming service, which shut down in 2021, as the company expands its consumer generative-AI offerings.
Cheaper AI Inference Drives Record Infrastructure SpendingThe cost of running equivalent AI models has fallen sharply since 2022, yet major technology firms continue to increase capital spending on data centers, memory, packaging, and power. Efficiency gains are expanding total demand through multi-step agent systems, shifting physical bottlenecks and concentrating value in slower-to-scale assets.
Former TV Leader Konka Moves to Delist After Years of LossesKonka Group, once a leading Chinese television maker, plans to voluntarily withdraw its shares from the Shenzhen exchange after posting a 12.6 billion yuan loss in 2025 and remaining insolvent. The board has approved the step to protect shareholders ahead of a potential forced delisting.
Beyond the Filter: Inside Meitu’s High-Stakes Shift from Photo Retouching to AI ProductivityDespite seven consecutive years of adjusted net profit growth and a solid balance sheet, Hong Kong-listed Meitu Inc. has seen its market value plummet by over 60 percent from its peak. This reporting examines how rising computing infrastructure costs, slowing core user growth, and fierce competition from tech giants are challenging its transition into an enterprise AI productivity suite.
MiniMax’s Enterprise Revenue Surges as Model Companies Chase Sustainable ScaleThe Hong Kong-listed model developer reported first-half revenue of $117 million, already 1.5 times its full-year 2025 total, with business customers now supplying most of the top line. Losses narrowed but remain large, underscoring the industry’s shift from pure capability races toward cost-efficient, high-volume serving.
Alibaba and ByteDance Exit Gaming Assets as Capital Shifts Toward AIAlibaba has agreed to sell its Lingxi games unit to private-equity firm Trustar Capital for more than $1.5 billion. ByteDance earlier sold Moonton, publisher of Mobile Legends: Bang Bang, to Saudi-backed Savvy Games Group in a deal reported near $6 billion. The transactions reflect a broader reallocation of capital inside Chinese internet groups rather than a simple collapse of their gaming ambitions.
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