https://macworks.dev/tags/china-economy/Recent content in China Economy on MacWorksHugoenhttps://macworks.dev/docs/today/tech-news-cn-2026-05-28/Mon, 01 Jan 0001 00:00:00 +0000https://macworks.dev/docs/today/tech-news-cn-2026-05-28/<h1 id="chinese-tech-daily--2026-05-28">Chinese Tech Daily — 2026-05-28<a class="anchor" href="#chinese-tech-daily--2026-05-28">#</a></h1> <h2 id="top-story">Top Story<a class="anchor" href="#top-story">#</a></h2> <p>The AI price war in China is reaching new extremes, even as a backlash brews against the unsustainable corporate costs of &ldquo;tokenmaxxing.&rdquo; Xiaomi has announced a permanent 99% price cut for its MiMo-V2.5 API, effectively commoditizing access to top-tier models despite its own Q1 operating profits tumbling by 59.5%. Meanwhile, major companies are starting to question the ROI of these massive token expenditures; a tech lead at gaming giant miHoYo recently revealed that testing a multi-agent NPC system burned through 2 million RMB ($275,000) of tokens in a single night, echoing Uber&rsquo;s internal struggles to justify massive AI budgets that haven&rsquo;t translated to proportionate consumer value.</p>