China Technology: CBO – China Brief Overnight – July 8, 2026

Research evidence excerpt

China Technology: CBO – China Brief Overnight – July 8, 2026

Equity Research

China Technology

8 July 2026

CBO – China Brief Overnight – July

8, 2026

Tencent announces former OpenAI researcher Yonglong Tian China Technology

to join the large model department; Shopee and Meta POSITIVE

announce partnerships on Instagram for creators across China Technology

Jiong Shao, CFA

Southeast Asia, Taiwan and Brazil; MiniMax to launch new +1 212 526 5562

large model with 2.7 trillion parameters. jiong.shao@barclays.com

BCI, US

Lian Xiu (Roger) Duan

+1 212 526 4633

Our daily product rounds up key stories from the Chinese language media overnight, focusing lianxiu.duan@barclays.com

on developments in the technology space. BCI, US

Xinyao Song

See our latest research on Barclays Live. +1 212 526 6972

xinyao.song@barclays.com

July 8, 2026 BCI, US

Government/Industry News

•• China targets 8.3 billion domestic tourism trips and 7.7 trillion yuan tourism spending

by 2030: According to 36kr, the State Council has approved the next five-year plan for tourism

sector. China aims to achieve 8.3 billion domestic tourism trips in 2030 with spending

reaching 7.7 trillion yuan. China also targets inbound trips of 190 million in 2030 with

spending exceeding USD 150 billion.

•• China is considering curbing overseas access to top Chinese AI models: According to

Reuters, Chinese authorities discussed with top tech companies over the past month

potentially restricting overseas access to their most advanced AI models, including those yet

to be released. The companies include Alibaba, ByteDance and Zhipu.

•• China saw over 60 new unicorn startups in the first half of 2026 as AI and robotics kick

off a new investment cycle: According to Sina News, China saw the biggest increase in new