Enflame

Unpacking China | Key Chinese Firms to Watch This Week （23/08/2026-29/08/2026）

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.

Moonshot AI in Talks With Microsoft, Amazon and Google on Kimi K3 Revenue Sharing

Moonshot AI（月之暗面） is in early-stage talks with Microsoft, Amazon and Alphabet’s Google on potential revenue-sharing agreements that could allow the U.S. cloud providers to host its Kimi K3 model, Reuters reported on Aug. 26, citing three people familiar with the discussions.

Harvey Builds Tenet on China’s Open-Weight Kimi K3

Harvey, the San Francisco-based legal-AI company used by more than 200,000 lawyers across 2,400 organizations, has introduced Tenet, its first post-trained open-weight model for legal work. The Aug. 20 research preview is built on Kimi K3, the open-weight foundation model released by Beijing-based Moonshot AI（月之暗面）, and was developed with AI-infrastructure company Fireworks.

Brazil Unveils AI Infrastructure Plan Including Huawei-iFlytek Partnership

Brazil has announced a package of about R$2.3 billion (US$444 million) to expand national artificial-intelligence infrastructure, including a planned partnership with Huawei Technologies（华为）and iFlytek（科大讯飞）on an AI-computing initiative in Rio de Janeiro.

Unpacking China | Key Chinese Firms to Watch This Week （16/08/2026-22/08/2026）

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.

Alibaba’s Qwen Reports More Than 3 Billion Downloads, Outpacing Meta and Google on Hugging Face

Alibaba Group said its Qwen family of open-weight AI models has accumulated more than 3 billion downloads worldwide over the past six months, a milestone that underscores the growing reach of Chinese-developed models in the global open-model ecosystem.

Zhipu AI unveils GLM-5.3, claims leading position among open-weight coding models

Zhipu AI（智谱）on August 14 released GLM-5.3, a large language model the Beijing-based company describes as the strongest open-weight model for coding. The company said it plans to publish the model’s weights two weeks after launch, following additional security testing and hardening.

Unpacking China | Key Chinese Firms to Watch This Week （02/08/2026-08/08/2026）

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.

Alibaba Cloud Plans to More Than Double Global Modular Data Center Capacity This Year

Alibaba Cloud (阿里云) said on August 10 that it plans to more than double its global modular data center capacity this year and can deliver large AI data-center projects in about 100 days using its modular infrastructure approach.

DeepSeek Restarts CNY 50 Billion Funding Round as V4-Flash Tops Global AI Usage Rankings

DeepSeek (深度求索) has reportedly restarted its second funding round, seeking CNY 50 billion at a pre-money valuation of around CNY 500 billion, as the Chinese AI company simultaneously strengthens its position in the global large-language-model market. The financing is expected to be signed in late August, according to Chinese financial media reports.

Global AI Innovators Return to Paris as the Second Global Artificial Intelligence Forum For Sustainable Development Innovation Collaboration Prepares to Open

From Innovation to Impact.

DeepSeek V4 Flash Tops OpenRouter’s Weekly Call Chart After 0731 Update

DeepSeek V4 Flash has taken the No. 1 position in OpenRouter’s latest weekly model-call ranking following the rollout of its 0731 update, while DeepSeek V4 Pro also remained among the platform’s leading models. The result is a notable signal for China’s AI industry: on a major gateway where developers can move between US, Chinese and European models with relatively little friction, DeepSeek is attracting production traffic on cost-performance grounds.

Unpacking China | Key Chinese Firms to Watch This Week （26/07/2026-01/08/2026）

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.

Chinese Models Account for 41% of Hugging Face Downloads, Overtaking US

Chinese-developed AI models accounted for 41% of downloads on Hugging Face over the past year, overtaking models from the United States in both monthly and overall downloads, according to the platform’s Spring 2026 report on the open-source AI ecosystem.

OceanBase reportedly seeks up to CNY 3 billion for AI platform and overseas expansion

OceanBase（海扬数据库）, the database company developed within Ant Group and now operated independently, is in talks to raise between CNY 2 billion and CNY 3 billion in a proposed Series A round, according to people familiar with the matter.

Unpacking China | Key Chinese Firms to Watch This Week （19/07/2026-25/07/2026）

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.

01.AI Targets 2027 Hong Kong IPO as Contracted Orders Top CNY 1.5 Billion

Kai-Fu Lee says overseas markets generate about half of the company’s business, but the figure should not be conflated with its recurring-subscription share

Alibaba Previews 2.4-Trillion-Parameter Qwen3.8, Promises Open-Weight Release

Alibaba Group（阿里巴巴集团）has previewed Qwen3.8, its latest flagship artificial-intelligence model, saying the system has 2.4 trillion total parameters and will eventually be released with open weights.

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.