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China’s Token Boom Gets a Balance Sheet
SiliconFlow processes 578.5 billion tokens a day. Its IPO filing shows how expensive it still is to sell AI output for a living.
13 hrs ago
•
Poe Zhao
6
3
China’s AI Chips Enter the Training Stack
LongCat shows China can now run frontier-scale training on domestic chips. It does not yet show China can do it efficiently.
Jul 2
•
Poe Zhao
10
6
The AI Stack’s $190 Billion Blind Spot
How a Chinese manufacturer became one of the most critical, and most contested, suppliers in global AI infrastructure.
Jul 1
•
Poe Zhao
11
6
June 2026
Galaxy General and the Chip Bag Test
China’s best-funded embodied-AI startup raised nearly Rmb 7 billion on a brain-first bet. A Beijing convenience store reveals what a brain alone cannot…
Jun 30
•
Poe Zhao
and
Yanting
4
5
ByteDance’s AI Ledger
Doubao has 200 million daily users and generates under Rmb 1 million a day. A disputed $2 billion video model helps explain how ByteDance keeps paying.
Jun 29
•
Poe Zhao
4
6
Momenta and the Software Economics of Self-Driving
While L4 specialists burn cash and platform giants court automakers, Momenta’s IPO filings reveal a licensing model with a clearer path toward…
Jun 26
•
Poe Zhao
3
6
Meituan and the Infrastructure Trap
Meituan begins opening fulfillment capability to external AI agents. The structural question is who keeps the pricing power.
Jun 25
•
Poe Zhao
3
3
The Sovereign AI Salesman
Kai-Fu Lee's AI startup abandoned the model arms race to sell sovereign AI systems to governments, with a 2027 IPO in sight.
Jun 24
•
Poe Zhao
5
2
6
China’s AI Labor Experiment Is Already Running
China’s labor market is fracturing between AI hiring surges and 15.6% youth unemployment, with three retraining systems racing to close the gap.
Jun 23
•
Poe Zhao
and
Yanting
4
3
10
The Token Hangover
Tencent’s token quotas show what happens when AI adoption meets the finance department, as Uber, Amazon, Meta, and Microsoft confront the same…
Jun 22
•
Poe Zhao
10
9
CATL Replays the Battery Playbook
CATL invested $1.5 billion to build a vertical energy chain for AI data centers, but the battery playbook meets different opponents this time.
Jun 19
•
Poe Zhao
7
6
DeepSeek’s $7.4 Billion Price Tag
Liang Wenfeng put $3 billion of his own money into a round built to anchor DeepSeek’s valuation and preserve founder control.
Jun 17
•
Poe Zhao
6
6
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