Xiaomi

Even Realities Raises $150M, Reaches $1B Valuation

Even Realities, a Shenzhen-based smart-glasses startup founded in 2023 by ex-Apple engineer Will Wang, raised $150 million in a pre-Series B round that values the company at $1 billion. Investors named in the round include Meituan and Tencent, alongside Chinese VC and PE backers such as CDH Investment, Monolith Management and CVC Capital; earlier rounds included Hong Kong’s Unicorn Capital Partners and Cyanhill Capital. The company sells display-first, camera-less AR glasses (Even G2) with a companion control ring (Even R1), emphasizes user privacy and has a majority of its users and roughly 80% of its developer community in the U.S. Industry data from IDC shows smart-glasses shipments surged and that Meta holds roughly 70% market share; IDC forecasts shipments could exceed 50 million by 2030. Earlier reporting in our database also notes Even Realities developed a proprietary optical system (Even HAO), has sold more than 10,000 pairs and expanded headcount substantially.

SiliconFlow IPO Reveals Cost of China's Token Boom

SiliconFlow, founded in August 2023, is China’s largest independent token-supply platform and on June 30 filed for a Hong Kong listing under Chapter 18C. As of April 2026 it reported processing an average 578.5 billion tokens per day across 170+ models, with more than 10 million registered users and over 13,000 enterprise customers, but holds only ~1.5% market share. The prospectus shows rapid revenue growth (Rmb 55.3m, +653%) alongside dire unit economics: public cloud services (52.9% of 2025 revenue) had a gross margin of negative 119% in 2025, pulled down blended margins and drove a net loss of Rmb 345.5m. The filing highlights heavy compute rental costs, steep market price cuts from major suppliers, and reliance on promotional compute credits to acquire developers, raising questions about the commercial viability of independent token intermediaries.

GitHub Trending: AI Agents, Unlimited OCR, Developer Tools

A DEV Community GitHub trending digest (published 2026-07-03) highlights five open-source projects focused on developer productivity and advanced AI capabilities. Notable entries include DietrichGebert/ponytail, a JavaScript library positioning AI agents as pragmatic code-refinement assistants; Baidu's Unlimited-OCR (Python), which claims one-shot, long-document OCR without tiling; XiaomiMiMo/MiMo-Code (TypeScript), which emphasizes co-evolution between models and agents; and two Astrid OS repositories (book and handbook) providing kernel-level documentation and contributor guidance, largely written in Perl. The piece frames these trends as part of a wider shift toward tooling that reduces developer effort, improves long-horizon document and image processing, and deepens agent-model collaboration.