Beijing startup Moonshot AI secured over $3.5 billion in Series F funding at a $35 billion valuation following strong adoption of its open-source Kimi K3 model. With annualized recurring revenue reaching $300 million driven largely by enterprise API sales, the company is launching a pre-IPO Series G targeting a $50 billion valuation.

ByteDance announced a major structural reorganization, merging Feishu's product team into its Doubao AI model unit and combining enterprise sales under Volcano Engine cloud services. The strategic realignment directly connects the tech giant's SaaS productivity tools with its foundational models to bolster B2B commercialization.

Ahead of Army Day, President Xi Jinping led a Politburo study session prioritizing military intelligentization and unmanned technology integration for the upcoming 15th Five-Year Plan. Xi emphasized advancing civil-military coordination alongside strict oversight and anti-corruption measures for major defense programs.

The NDRC has completed distributing 755 billion yuan in central budget investment to support major infrastructure, post-disaster recovery, and public employment programs. Key allocations include 39.5 billion yuan for work-relief projects while construction advances on megaprojects such as the Three Gorges New Channel.

Xiaomi expanded its automotive line beyond pure electrics by unveiling its Pengcheng EREV SUV series built on its self-developed Kunlun Architecture. Offering combined ranges exceeding 1,400 kilometers, the vehicles start at 259,900 RMB and will sell through dedicated retail networks ahead of September deliveries.