Kimi and MiniMax to open Tmall stores selling token plans; Xiaomi releases table-data LDM

创业邦 · wechat · 2026-09-06

A Chinese industry daily roundup: Kimi, MiniMax and StepFun are in talks to open official Tmall flagship stores selling token subscription plans, following Zhipu's first store. Xiaomi released Xiaomi-TabLDM, a tabular-data foundation model that handles classification and regression across datasets without per-task retraining. OpenAI said it will broaden disclosure of alignment failures and publish a reporting framework in weeks. Tata's HyperVault secured 264 acres in Hyderabad for a planned 1GW AI data center campus, investing up to 700 billion rupees ($7.4B). Former HKEX chief Charles Li argued Chinese firms should go overseas using AI-driven, distributed finance models.

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