Enflame

Chinasoft International Wins Bank Data Modernization Project in Southeast Asia

Chinasoft International（中软国际）said on November 9 that it had won an enterprise data modernization project from a bank in Southeast Asia. The company described the project as being in the CNY 100 million range.

Unpacking China | Key Chinese Firms to Watch This Week （1/11/2026-7/11/2026）

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

Revenue Up 283%, Over 60% From Overseas: MiniMax's Global Expansion

MiniMax, a Shanghai AI model developer founded in 2021, now serves more than 300 million users and earns most of its revenue outside mainland China. It reached global users first through consumer apps such as Talkie and Hailuo AI, and in 2026 its sales of model access to developers and businesses became its largest source of revenue.

DeepSeek and MiniMax Complete Export Registration for Model Releases and Overseas Licensing

DeepSeek（深度求索）and MiniMax（稀宇科技）have completed registration procedures covering model open-source releases and overseas licensing, according to an October 22 report by Yuyuantan Tian, a new-media outlet affiliated with China Media Group. The development provides an example of Chinese AI companies proceeding with international distribution after Beijing introduced temporary technology-export registration requirements.

Unpacking China | Key Chinese Firms to Watch This Week （18/10/2026-24/10/2026）

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

With Over US$200 Million Raised, Today AI Wants to Turn “Artificial Intelligence” into “Intelligence for Everyone”

Today AI, a personal AI assistant company, recently announced that it has raised more than US$200 million in cumulative funding. Its investors include IDG Capital（IDG资本）, Tencent（腾讯）, 5Y Capital（五源资本）, Ant Group（蚂蚁集团）, HSG（红杉中国）, Transsion Holdings（传音控股）, Resonance Ventures (Goertek CVC)（同歌创投）, and Hanyuan Asset（上海交大菡源资产）.

Accenture Explores China Business Sale for Up to US$1.5 Billion, FT Reports

Accenture（埃森哲）is exploring a sale of its Chinese operations for up to US$1.5 billion, the Financial Times reported on October 18, citing people familiar with the matter. The potential transaction remains under review, with no buyer, agreed price or completion timetable announced.

Unpacking China | Key Chinese Firms to Watch This Week （11/10/2026-17/10/2026）

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

Building the Data Infrastructure for Physical AI: Hesai Launches Kosmo 3D World Data Engine

Hesai Group (Nasdaq: HSAI; HKEX: 2525) ("Hesai" or the "Company"), a Physical AI infrastructure company, today launched Kosmo, a 3D world data engine built to solve one of the most critical bottlenecks in Physical AI: access to high-quality real-world data at scale.

DeepSeek Reportedly Agrees to Lead Winverse AI Seed Round, Extending Robotics Investment

DeepSeek (深度求索) has agreed to lead a seed financing round worth tens of millions of US dollars for Winverse AI, a startup founded this year by former Tencent scientist Hu Han (胡瀚), Bloomberg reported on October 12. The proposed round would value the company at approximately US$400 million after the investment and includes commitments from Meituan’s Long-Z Investments (龙珠资本).

Unpacking China | Key Chinese Firms to Watch This Week （4/10/2026-10/10/2026）

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

Unpacking China | Key Chinese Firms to Watch This Week （20/09/2026-26/09/2026）

Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

Minieye Technology Unveils Driver Functional Readiness (DFR) Model and AI Cabin Butler at InCabin Europe 2026

BARCELONA, Spain, September 23, 2026 — Minieye Technology (2431.HK), a leading full-stack provider of intelligent driving and cabin solutions, today showcased its next-generation intelligent cabin technologies at InCabin Europe 2026. Aligned with evolving European regulatory safety roadmaps and Euro NCAP requirements, the company presented its strategic portfolio across two pillars: in-cabin safety and AI-powered cabin interaction.

DeepSeek and Moonshot Invited to Address UN Security Council on AI Risks

Chinese AI developers DeepSeek and Moonshot have been invited to make statements at a United Nations Security Council briefing on artificial intelligence and international security scheduled for September 23, Reuters reported. Their invitations would bring Chinese model developers into a session expected to include OpenAI CEO Sam Altman and senior representatives of Anthropic.

Baidu Says Overseas AI Office Platform Kooko Surpasses 10 Million Users Within First Year

Baidu（百度）said on September 21 that its overseas AI office platform Kooko had surpassed 10 million users within a year of launch, reaching nearly 200 countries and regions. Announced at the company’s AI Day, the milestone accompanied a rebranding of the product previously known as Oreate AI and a broader push by Baidu’s Wenku and Netdisk businesses into international productivity software.

Moonshot AI’s Kimi K3 Joins Amazon Bedrock as Overseas Revenue-Sharing Model Takes Shape

Amazon Web Services announced on September 18 that Kimi K3, developed by China’s Moonshot AI（月之暗面）, is available on Amazon Bedrock, expanding the model’s access to enterprise customers through AWS’s managed AI platform. On September 21, National Business Daily reported that Moonshot had confirmed an overseas cloud revenue-sharing arrangement, adding a commercial dimension to the launch. The financial terms remain undisclosed.

Unpacking China | Key Chinese Firms to Watch This Week （13/09/2026-19/09/2026）

X  Amid fast-paced changes that fill the business community with excitement, angst and trepidation, EqualOcean will publish a series of roundup articles to document the major events related to Chinese companies going global every week.

Zhipu AI Launches US$5 Billion Financing to Fund Next-Generation Models and Computing Infrastructure

Chinese foundation-model developer Zhipu AI（智谱）, listed in Hong Kong as Z.AI, has launched approximately US$5 billion in financing through a share placement and convertible bond offering. The transaction would substantially expand its funding for model development and computing infrastructure, highlighting the role of Hong Kong’s capital markets in financing China’s AI industry.

Synthetic Biology: Who Will Emerge as the Winner?

The 21st century is the century of biology. Synthetic biology is believed to be a ‘World Changing’ industry. But the potential risks like cost control and commercialization pathways are fatefully tied to the ups and downs of countless investment decisions and the destiny of the many new start-ups getting involved. We look forward to seeing an emerging ‘giant’ on the horizon of this exciting industry.

Bloomage: Injecting Biotechnology into Beauty Care

Listed on the Chinese Star Market in November 2019, Bloomage was trading at CNY 138.01 as of June 24, 2020, over 38% higher than the IPO price of CNY 100.