Companies
Baidu Cloud reportedly separates agent products from model infrastructure
A reported restructuring places Qianfan and model services in an infrastructure division, apart from agent products.
AI infrastructure.
The chips, data centers and inference systems that make AI available at scale.
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Research
China's daily AI token usage exceeds 500 trillion, MIIT confirms
An official September briefing confirms the June 2026 usage figure and distinguishes it from the much lower June 2025 baseline.
Chips
Enflame outlines a Shanghai IPO to finance future AI processors
An August report set September 2 as the subscription date for a planned RMB 6 billion offering.
Companies
Alibaba prices a HK$80 billion share placement for AI investment
The announced placement comprises 710 million new shares at HK$112.70, with proceeds earmarked for AI capabilities.
Companies
Alibaba reports higher AI capital spending as quarterly net income falls
June-quarter capital expenditure rose 75% to RMB 67.68 billion while net income fell 76%, according to reported results.
Companies
Baidu reports GPU-cloud growth and sets an ERNIE performance ambition
Management says it aims to return ERNIE to the industry's top tier while continuing model investment.