Zhipu AI shares briefly hit HK$1,620 in Hong Kong trading on June 15, up 47.68% from the prior close, after the company opened its newest GLM-5.2 model to paid coding plan users, per Caixin. Zhipu described GLM-5.2 as its most capable open source modelOpen-weight modelAn AI model whose trained parameters are published so anyone can download, run and modify it, as opposed to one reachable only through the developer's API. The main policy tension is that open weights spread capability widely and cannot be recalled once released. to date, with a usable 1 million token context window, up from 200,000 in GLM-5.1, released under an MIT license with no regional restrictions. The rollout came two days after Anthropic took its newest models offline under a U.S. government order blocking foreign access. The release lands just ahead of Zhipu's Hong Kong stock lockup expiration, with Chinese AI and semiconductor shares broadly rallying that session. GLM-5.2's permissive licensing, lack of regional restrictions and 1 million token context position it as one of the most accessible substitutes for international developers cut off from U.S. frontier models by new export controls.
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A SemiAnalysis report concluded that DeepSeek's V4 model and Huawei's Ascend 950DT AI accelerator were engineered around each other from the ground up, Pandaily reported. The pairing let DeepSeek slash its V4-Pro API price by 75%, with the company saying the new tier remains profitable. Huawei has pulled forward volume deployment of the 950DT in its cloud to August 2026, with ByteDance reportedly reserving roughly half of initial production and Alibaba and Tencent placing orders in the tens of thousands. China Mobile is bringing online 776 nodes built on the new chip, the report said. The shift extends the domestic training stack into commercial inferenceInferenceRunning a trained AI model to answer a query, as distinct from training it. Inference is where most ongoing compute and energy demand now sits, and it is what chip export rules increasingly target alongside training. at scale, narrowing the practical bite of U.S. Commerce Department export controls on advanced AI accelerators sold to China.
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Three Chinese ministries jointly issued the country's first formal definition of "AI agentAI agentAn AI system that carries out multi-step tasks on its own, such as browsing, writing code or making purchases, rather than answering a single prompt. Agents raise new questions about liability, security and oversight because they act rather than just advise." as a regulated product category, Pandaily reported, recognizing the technology for the purposes of registration and oversight. The definition arrived as Alibaba, Tencent and Baidu rolled out free AI agents to guide the 12.9 million students sitting China's national college entrance exam, known as the gaokao. Alibaba's Tongyi Qianwen agent generated more than 13 million guidance reports during the 2025 gaokao season, per the report. Tencent paired its Yuanbao agent with mobile consulting vans in three cities, and Baidu's ERNIE Bot agent drew on 20,000 university seniors across 2,200 institutions. China had registered 868 generative AI services and 530 generative AI apps under the Cyberspace Administration of China's filing regime as of April. Formalizing the category gives Beijing a concrete regulatory hook for content review, security assessments and accountability rules as agentic systems begin operating across consumer markets at scale.
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Meta has begun dismantling its $2 billion acquisition of Manus and completed an operational separation from the Chinese-founded AI startup, halting data sharing between the two companies, per TechCrunch. Beijing issued the divestiture order roughly two months ago on national security grounds, citing potential violations of technology export controls and foreign investment rules. The Manus co-founders are in preliminary talks to raise about $1 billion from outside investors to reclaim the startup, a path that could lead to a Chinese joint-venture structure and an eventual Hong Kong listing. Manus investors including Tencent, HSG and ZhenFund have indicated they will cooperate with the unwinding, while California-based Benchmark has already received its proceeds from the acquisition.
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