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Kling AI generated more than RMB 850 million in Q2 revenue, up 240% year over year, making it the standout growth driver in Kuaishou’s otherwise slowing business. Kuaishou is prioritizing AI investment, spinning Kling AI out for independent financing at an implied valuation of US$18 billion despite near-term profit pressure.
Anthropic plans to let business customers retain data for its most capable AI models on their own cloud infrastructure. The planned safety system, expected later this year, would still require a 30-day retention period while moving storage control to customers.
Marvell and Google are deepening their partnership on custom AI chip development. Marvell is giving Google the right to purchase up to $12.2 billion in Marvell stock, strengthening their long-term alignment in the AI hardware race.
Shuto Expressway struggled to expand generative AI adoption because employees were unsure what to use it for and the organization prioritized safety. By using Google Gemini and Gemini Notebook as a practical starting point, the company reportedly increased the number of users tenfold, including among senior employees.
Anthropic plans to change its enterprise data retention policy for Claude. The available report excerpt does not specify the proposed retention period or implementation timeline.
Alibaba’s net profit fell 75% to $1.54 billion in the June quarter as capital spending reached $9.98 billion. The spending reflects a major investment in AI infrastructure and cloud capabilities rather than a deterioration in core business performance.
Investor Duan Yongping bought back 301,400 Alibaba shares worth about $28.93 million, representing only 0.15% of his portfolio. The small position suggests renewed observation rather than strong conviction, especially as Alibaba explores AI cooperation with Apple while PDD Holdings receives a much larger allocation.
Alipay is positioning its Abao agent as a new commerce gateway where services are selected and executed through natural-language intent rather than ads, search rankings, or app navigation. Abao has connected more than 10,000 AI-enabled services across eight scenarios, including transportation, dining, travel, logistics, and government services.
Marvell Technology and Google expanded their chip-development partnership. The agreement includes a warrant allowing Google to purchase up to $12.2 billion worth of Marvell shares.
The article argues that China’s AI industry is moving beyond simply accumulating accelerator cards and toward measuring the economic value produced by each Token. It frames 2026 as a pivotal period for lowering Token production costs and improving compute efficiency.