Beijing backs token-based compute financing as model firms move to Tmall
China’s AI compute news centered on new financing tools, data-center inspections, model commercialization channels and domestic supply-chain updates.
• Beijing E-Town launched the city’s first token-based computing power loans, with local bank branches providing nearly 2 billion yuan in initial credit support to multiple AI industry-chain companies.
• Kimi, MiniMax and StepFun are reportedly in talks with Tmall to open official flagship stores selling token subscription packages, after Zhipu opened a Tmall flagship store listing its GLM Coding Plan subscription package.
• National Data Administration head Liu Liehong visited Inner Mongolia sites including China Unicom’s Hohhot Cloud Data Center, China Mobile’s Hohhot Data Center, Huawei Cloud, UCloud and CICC Data’s Ulanqab zero-carbon computing power base to inspect data-factor market reform progress.
• HGGenuine, a subsidiary of HGTECH, said it will showcase a 100G SFP112 optical module at CIOE 2026 for 5G-A/6G wireless fronthaul and high-bandwidth Ethernet data interconnect scenarios.
• Xunce is expanding beyond real-time data processing into computing power, model training and inference, and applications.
• Xiaomi open-sourced Xiaomi-TabLDM, a general-purpose foundation model for tabular data that can perform classification and regression prediction without retraining, retuning or task-specific ensembles.
• GAC Group said its 2021 investment in ChangXin Memory Technologies created a collaboration channel between vehicle application scenarios and upstream chip R&D amid auto chip supply-chain concerns.
• Huajing Auto said a temporary shortage of in-vehicle chips supporting the Huajing S HarmonyOS cockpit has delayed some deliveries, and that it is working with core partners to expand chip sourcing channels.