All items in the AI channel.
In a company announcement, student-founded EdTech platform Custodia Learn says it is in due diligence with a publicly listed Chinese education group at a US$5.4 million valuation, up from US$500,000 in January 2026. The buyer is under NDA and unnamed. The platform reports 19,063 registered users and 8,986 daily active sessions.
Ebrun reports Dada is in testing. Users can turn their expertise into agents others can use, interact by text and images, add agents to group chats and share invitations via WeChat. The report does not name the underlying models, and Xiaohongshu has made no public statement.
Scholar Kyle Chan notes that big firms often own AI models, in-house chips and robots at once. In his table, Alibaba, Tencent, Xiaomi, XPeng and Baidu have all three.
In the report's open-source category Kimi holds 61%, DeepSeek 15% and Zhipu's GLM 11%. Open-source models are still only about 4% of total enterprise model spending; closed US models take most of the money.
The Beijing company was co-led by Cornerstone Capital and Wangsu Science & Technology. Across three rounds in 2026 it has raised about US$300 million and is reportedly valued above US$1 billion.
Hy4 has about 770 billion parameters. It can read charts and documents, reason across several images, and operate command lines and graphical interfaces. API pricing matches the preview, with 50% off on Tencent Cloud TokenHub until year-end. Weights and a system card are promised shortly but not yet released.
The round was led by Dunhong Capital, with oversubscribed follow-ons from SC Capital, Matrix Partners China and Jinqiu Fund, and participation from Yunqi Partners and others.
China Internet Investment Fund and funds linked to CATL took part. The company works on distributed computing and GPU scheduling.
AI Weekly's roundup shows that on 3 November Moonshot released the weights of Kimi K3.1 Pro.
Bloomberg earlier reported a round of about US$15 billion; the investor list and amount for this round follow the two outlets' accounts and await company confirmation.
A brief compiled by AI Weekly says Tencent Cloud is refocusing WorkBuddy on enterprise AI applications.
It is Moonshot's first visible overseas sales job. Chinese open-model companies won developers by releasing weights for free and are now testing paid products abroad.
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