Chinese Tech Daily — 2026-05-12#
Top Story#
The biggest buzz in China’s tech sector revolves around DeepSeek’s rocketing valuation and a harsh new reality for tech workers: AI token usage has become a hidden KPI. DeepSeek’s valuation surged to an estimated $45 billion to $50 billion amid funding talks involving China’s National Integrated Circuit Industry Investment Fund, while rumors of Alibaba’s participation were swiftly denied. Meanwhile, domestic tech giants are not just handing out free tokens to employees; they are weaponizing them. Companies are increasingly evaluating employee promotions and layoffs based on their AI token consumption, pushing a ruthless “Skill-ification” of workflows where departing employees are occasionally replaced by AI digital twins.