China AI Index
Your go-to intelligence source for China's AI ecosystem
China AI Index
Your go-to intelligence source for China's AI ecosystem
Companies
Alibaba Alibaba
Ant Group Ant Group
Baidu Baidu
ByteDance ByteDance
Cambricon Cambricon
DeepSeek DeepSeek
Huawei Huawei
iFlyTek iFlyTek
MiniMax MiniMax
Moonshot AI Moonshot AI
Pony.ai Pony.ai
StepFun StepFun
Tencent Tencent
Newsfeed · Live Aug 27, 2026
Compare
2022
2027
DeepSeek $7.4B
Moonshot AI $8.2B
Zhipu AI (Z.ai) $5.8B
CUMULATIVE RAISED · FEATURED
Products
ByteDance Doubao (豆包) 344.9M MAU
RedNote (Xiaohongshu) Xiaohongshu (小红书) 300M+ MAU
Alibaba Qwen (千问) 165.6M MAU
DeepSeek DeepSeek 127.1M MAU
Tencent Tencent Yuanbao (元宝) 57.4M MAU
NEWSFEED · LIVE SYNCED 09:33 AM
AUG 27, 2026 9 stories
Unitree Robotics
Unitree’s stock slump since IPO stokes fears of a bubble in Chinese humanoid robotics
FundingUnitree Robotics
South China Morning Post
Gates pitches US-China AI cooperation ahead of Xi meeting
South China Morning Post
DeepSeek
DeepSeek Builds Its War Chest
DeepSeek
WSJ
Zhipu AI (Z.ai)
Zhipu AI shares jump as viral Ox Alpha model revealed as GLM-5.3-Flash on Chinese chips
PolicyZhipu AI (Z.ai)
South China Morning Post
Zhipu AI (Z.ai)
Zhipu’s viral Ox Alpha AI model runs entirely on Chinese chips
PolicyZhipu AI (Z.ai)
South China Morning Post
China’s Spirit AI bets on smarter robot brains
Bloomberg
DeepSeek
AI Startup DeepSeek Poised to Reach $74 Billion Valuation
FundingDeepSeek
WSJ
Chip sell-off helps boost China’s private funds as US$83.3b is pulled out of mutual funds
Funding
South China Morning Post
Zhipu AI (Z.ai)
Z.ai shares surge 8% after releasing new AI model running only on Chinese chips
PolicyZhipu AI (Z.ai)
CNBC
AUG 26, 2026 11 stories
Nvidia Steps Back Into China Market With First H200 Chip Sales
Policy
Bloomberg
Bill Gates warns of AI’s impact, urges the US and China to cooperate
South China Morning Post
As the US and China compete over AI, Asean must secure strategic autonomy
South China Morning Post
Alibaba
Alibaba's Qwen launches Qwen3.8-Flash AI model with lower training costs
ModelAlibaba
Reuters
MiniMax
Chinese AI Firm MiniMax’s ARR Jumps to $800 Million
FundingMiniMax
The Information
Alibaba
Alibaba Releases Smaller, Cost-Effective Qwen AI Model
ModelAlibaba
Bloomberg
MiniMax
MiniMax revenue more than triples but remains behind pace to meet forecast
MiniMax
South China Morning Post
MiniMax
China's MiniMax sees revenue nearly quadruple in first half as AI demand surges
MiniMax
Reuters
MiniMax
MiniMax Sales Nearly Quadruple in Crowded Race for China AI Lead
MiniMax
Bloomberg
China Built the Exam Before the Robots
Hello China Tech
DeepSeek
China’s Z.AI Made Ox Alpha Stealth Model That Rivals DeepSeek
ModelDeepSeek
Bloomberg
This Week
Items104
Companies12
Rounds25
Last sync09:33 AM
Most Active · This Week
Alibaba Alibaba 14
Unitree Robotics Unitree Robotics 10
DeepSeek DeepSeek 10
XPeng XPeng 8
Newsletter
Recode China AI
Weekly intelligence on China's AI ecosystem, from Tony Peng — straight to your inbox.
MO
Momenta
PUBLIC — 06880.HK SUZHOU EST. 2016 STAFF
Momenta supplies automakers with a two-tier autonomous driving stack: mass-market assisted driving (Mpilot) and full self-driving for robotaxis (MSD), shipping in 68+ car models across 24 OEMs including Mercedes-Benz, Toyota, and BMW China. Founded by Cao Xudong, it listed on the Hong Kong Stock Exchange in July 2026.
06880.HK Price
HK$249.60
Market Cap
~$7.5B USD
06880.HK Price
HK$249.60
HKEX · 2026-08-27
Market Cap
~$7.5B USD
HKEX · 2026-08-27
FY2025 Revenue
¥2.4B
~$337M, +82% YoY
2021
Strategic$300M
General Motors
2021
Series CUndisclosed
SAICToyotaMercedes-BenzTemasekYunfeng CapitalTencent
2025-09
Pre-IPOUndisclosed
Reported round at >$5B valuation
2026-07
HKEX IPO~$752M
↗ Source: HKEX Prospectus / Press Reports
Momenta's mass-market assisted-driving system (highway + urban NOA). A scalable "flywheel" data-driven ADAS deployed across dozens of production vehicles with partner automakers.
ADASL2+AutomotiveB2B
Momenta's full self-driving stack for L4 robotaxi operations, built on an end-to-end model architecture. Powers robotaxi trials expanding to Abu Dhabi and Munich, with a planned Uber partnership.
RobotaxiAutonomous DrivingL4
Momenta
Financing | Jianzhi Robot has completed the A round of financing, led by Momenta, with a cumulative financing amount of more than $200 million
Momenta
创业邦
Momenta
Momenta, XHEART, and QNX officially announce cooperation to create global safety standard smart driving solutions for car companies going overseas
Momenta
极客公园
Momenta
Momenta, XHEART and QNX announce cooperation to create a global safety standard autonomous driving platform
Momenta
雷峰网
Pony.ai
China’s self-driving push gains ground in Europe as Momenta, Pony.ai expand
FundingPony.ai
South China Morning Post
Momenta
Momenta obtained L4 testing license throughout Germany, becoming the first Chinese company to receive such approval
Momenta
36氪
Momenta
Momenta Robovan lands in Suzhou
Momenta
36氪
Momenta
Momenta joins Robovan and has been operating in Suzhou for several months
Momenta
36氪
Momenta
Momenta Robotaxi obtains Shenzhen Intelligent Connected Vehicle Road Test Permit
Momenta
36氪
Momenta
SAIC Zhiji, how to become Momenta’s first sedan lifter?
Momenta
雷峰网
Momenta
How does Momenta stand on the "Qinghai-Tibet Plateau" of physics AI?
Momenta
雷峰网
Momenta
China's Momenta debuts flat in Hong Kong as IPO caution grips AI listings
FundingMomenta
Reuters
Momenta
Toyota-backed Chinese unicorn Momenta falls flat in Hong Kong bourse debut
Momenta
Nikkei Asia
Momenta
Watch Momenta Global CEO Sees Profitability by 2028
Momenta
Bloomberg
Momenta
Momenta goes public, NIO Capital invests in a 70 billion IPO
FundingMomenta
投资界
Momenta
Momenta is listed, the largest IPO on the Hong Kong Stock Exchange today is here
FundingMomenta
news.pedaily.cn
Momenta
Chinese autonomous-driving firm Momenta rises 3% in Hong Kong stock debut
Momenta
CNBC
Momenta
Chinese robotaxi firm Momenta prices Hong Kong listing at top end, seeks to raise $751 million
FundingMomenta
Reuters
Momenta
GM-Backed Momenta Rises in HK Debut After $752 Million IPO
FundingMomenta
Bloomberg
Momenta
China’s Momenta IPO oversubscribed 414 times as Hong Kong listings pack calendar
FundingMomenta
South China Morning Post
Momenta
Momenta’s margin sale was subscribed 8 times, public, private and insurance funds are the top collective platforms, and the physics AI track is heating up.
Momenta
财联社
Momenta
Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO
FundingMomenta
South China Morning Post
Momenta
China's Momenta kicks off Hong Kong IPO, targets up to $751 million
FundingMomenta
Reuters
Momenta
GM-Backed Self-Driving Firm Momenta Seeks $752 Million From Hong Kong Listing
FundingMomenta
Bloomberg
Momenta
Mercedes, GIC to Back Autonomous Driving Firm Momenta’s IPO
FundingMomenta
Bloomberg
Momenta
China's Momenta plans to launch Hong Kong IPO next week, source says
FundingMomenta
Reuters
Momenta
Momenta granted regulatory approval to list in Hong Kong amid rumoured crackdown
PolicyMomenta
South China Morning Post
Momenta
Smart driving company Momenta plans to list in Hong Kong on July 8, with an operating loss of NT$300 million in 2025 (updated)
Momenta
财新
Momenta
GM-Backed Self-Driving Firm Momenta Said to Near Hong Kong IPO
FundingMomenta
Bloomberg
Momenta
Momenta上市不为钱
Momenta
36Kr
Momenta
Momenta moves closer to Hong Kong IPO after US listing setback
FundingMomenta
South China Morning Post
Momenta
GM-Backed Driverless Tech Firm Momenta Said to Confidentially File for IPO in Hong Kong
FundingMomenta
Bloomberg
Momenta
Mercedes to feature driving assistance system developed with Momenta in nine upcoming models
ProductMomenta
Reuters
Momenta
China's Momenta teams up with Grab on autonomous driving in Southeast Asia
Momenta
Reuters
Momenta
Mercedes Jumps Into Robotaxis With China’s Momenta in Abu Dhabi
Momenta
Bloomberg
Meet Tesla FSD's Fiercest Competitors in China
Huawei, Momenta, Li Auto, and XPeng are challenging Tesla's self-driving dominance through proprietary end-to-end systems and aggressive OEM partnerships with Chinese automakers.
Autonomous DrivingFSDTeslaHuaweiXPengChina EV
Recode China AI
Momenta
Chinese driverless tech startup Momenta is raising funds at a roughly $6 billion valuation
FundingMomenta
CNBC
Momenta
EXCLUSIVE: China's Momenta considers shifting IPO to Hong Kong from New York, sources say
FundingMomenta
Reuters
Momenta
Self-Driving Firm Momenta Seeks Funding at $5 Billion-Plus Value
FundingMomenta
Bloomberg
Momenta
Uber, China’s Momenta to Start Testing Robotaxi Services in Munich
ProductMomenta
WSJ
Momenta
Uber, Momenta to begin self-driving testing in Munich next year
Momenta
Reuters
Momenta
Uber and Momenta to test autonomous vehicles in Germany in 2026
Momenta
TechCrunch
Momenta
Uber and Momenta will test fully driverless cars in Germany
Momenta
The Verge
Momenta
BMW partners with Momenta to co-develop China-tailored driving assistance tech
Momenta
Reuters
Momenta
Uber inks robotaxi deal with Momenta to launch service in Europe next year
ModelMomenta
CNBC
Momenta
Uber’s latest autonomous vehicle partner? Chinese startup Momenta
Momenta
TechCrunch
Momenta
Watch China's Momenta Not Worried About US Chip Curb
PolicyMomenta
Bloomberg
Momenta
EXCLUSIVE: Mercedes to use Momenta software in 4 models, accelerate China comeback, sources say
Momenta
Reuters
Momenta
China approves autonomous driving startup Momenta's US IPO
FundingMomenta
Reuters
Momenta
又一自动驾驶独角兽要上市?Momenta被曝赴美IPO 顺为资本、腾讯投资、云锋基金都投了
FundingMomenta
财联社
Momenta
China's BYD, Momenta enter venture for autonomous driving technology
Momenta
Reuters
Momenta
Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024
Momenta
TechCrunch
Cao Xudong
Cao Xudong
曹旭东
Founder & CEO
Reference Table
All Models
Compare models across all 43 Chinese AI companies
Company
Model
Type
AA Score
Released
Context
Input
Output
AlibabaAlibaba
180B-parameter/ 6B parameters activated, A GDN + QSA hybrid architecture, muon optimizer adopted, early preview of the architecture used in Qwen4
Multimodal
2026-08-26
262K
$0.16/1M tokens
$0.47/1M tokens
Zhipu AI (Z.ai)Zhipu AI (Z.ai)
Zhipu's first natively multimodal GLM-5 model, 320B total/18B active, KDA+MLA hybrid attention, mHC adopted, tested anonymously as ox-alpha on OpenCode and OpenRouter
Multimodal
57/100
2026-08-26
1M
$0.075/1M tokens
$0.25/1M tokens
DeepSeekDeepSeek
Experimental multimodal (vision) variant of V4-Flash; positioned near Claude Opus 4.8 on agent benchmarks; API-only
Multimodal
2026-08-21
1M
$0.44/1M tokens
$1.32/1M tokens
SenseTimeSenseTime
Open-sourced 8B unified any-to-any model with native 4K image generation and improved editing
Multimodal
2026-08-21
32K
AlibabaAlibaba
27.78B dense model, Apache 2.0, text/image/video input, agent/coding gains over Qwen3.6-27B
Multimodal
52/100
2026-08-14
262K
$0.40/1M tokens
$3/1M tokens
Zhipu AI (Z.ai)Zhipu AI (Z.ai)
GLM-5.3 Open
Post-trained on the same 744B GLM-5.2 base; built for agentic coding & cyber defense; open weights/API pricing to follow after safety review
Text
60/100
2026-08-14
1M
$1.40/1M tokens
$4.40/1M tokens
MiniMaxMiniMax
Open-weight text-to-music model; generates full songs with sung vocals (up to 5 min) from lyrics + structured caption
Multimodal
2026-08-14
$0.15 per track
DeepSeekDeepSeek
GA release of flagship (was in preview since April); 1.6T total/49B active MoE, agentic gains
Text
53/100
2026-08-13
1M
$0.435/1M tokens
$0.87/1M tokens
AlibabaAlibaba
Faster/distilled 14B character-animation & replacement model from Tongyi Lab, Apache 2.0
Video Gen
2026-08-07
AlibabaAlibaba
Wan 3.0 Closed
Public beta all-in-one video gen/edit model; single continuous shot up to 30s, director-level camera moves, character/scene consistency, and doc/xls/ppt/pdf/md-to-video capability; no open weights (unlike Wan 2.2)
Video Gen
2026-08-06
ByteDanceByteDance
SeedRealtime Closed
Native audio-visual full-duplex LLM fusing audio/video/text streams for real-time watch, listen, speak interaction; replaces separate ASR/vision/TTS pipeline; live in Doubao app
Multimodal
2026-08-05
AlibabaAlibaba
Third-gen image model with ~4.5K-token ultra-long prompts, ~10px fine text rendering, native rendering in 12 languages, dense infographic/document layouts, reference-preserving edits; $0.04/image, API-only
Image Gen
2026-08-05
$0.003/image
$0.04/image
XiaomiXiaomi
VLA robot foundation model, Qwen3-VL backbone + Diffusion-Transformer (Mixture-of-Transformers); trained on 100,000+ hrs UMI data plus 7,200+ hrs real-robot data; demoed autonomous laundry folding, washer loading, suitcase packing
Embodied
2026-08-05
AlibabaAlibaba
2.4T MoE, ~95B active/token; text+image+video input; explicit reasoning (low/high/xhigh, xhigh default); flat pricing across full 1M ctx, max output 131K; open weights promised ~mid-Aug 2026 (HF/ModelScope)
Multimodal
58/100
2026-08-03
1M
$2.00/1M tokens
$6.0/1M tokens
RedNote (Xiaohongshu)RedNote (Xiaohongshu)
Lightest model in RedNote HiLab's dots3 series — 280B total / 16B active params (MoE), 512K context, natively understands text, images, and audio. An internal harness built on the model scored a certified perfect 42/42 (IMO gold) at IMO 2026.
Text
2026-08
512K
ByteDanceByteDance
Seedance 2.5 Closed
Native single-shot 30s video generation up to 4K, accepts up to 50 multimodal references; launched head-to-head vs MiniMax H3
Video Gen
2026-07-31
MiniMaxMiniMax
Omni-modal video generator (text/image/video/audio input), up to 15s native 2K video with native stereo audio; open weights planned within days
Video Gen
2026-07-31
DeepSeekDeepSeek
Public-beta API release; retrained V4-Flash beats DeepSeek's own larger V4-Pro-Preview on all 9 published agent/coding benchmarks
Text
52/100
2026-07-31
1M
$0.14/1M tokens
$0.28/1M tokens
SenseTimeSenseTime
Lightweight 8B-MoT open unified multimodal model (NEO-Unify architecture); adds native 4K image generation and stronger instruction-following edits vs prior U1
Image Gen
2026-07-31
HuaweiHuawei
505B-param MoE (18B active), open-sourced with weights, inference code & technical report; trained 100% on Huawei Ascend 910B NPUs
Text
2026-07-31
512K
AlibabaAlibaba
Qwen3.7-Flash Closed
Native vision-language Flash upgrade with stronger object recognition, spatial intelligence, and multimodal agent execution
Multimodal
2026-07-25
1M
$0.03/1M tokens
$0.13/1M tokens
Ant GroupAnt Group
124B-param MoE, only 5.1B active/token; hybrid-reasoning combines Ling speed + Ring reasoning; outperforms Ant's own 1T Ling-2.6 on 11/12 benchmarks; API-only (no open weights at launch), free on OpenRouter through 2026-08-03
Text
38/100
2026-07-23
256K
$0.021/1M tokens
$0.063/1M tokens
AlibabaAlibaba
ABot suite Closed
Amap's full-stack embodied AI upgrade: five models for navigation, manipulation, reasoning, memory, and motion control; claims SOTA on 17 benchmarks
Embodied
2026-07-22
TencentTencent
Vision-language-action model trained on 10,000+ hours of data, deployable across different robot platforms
Embodied
2026-07-19
TencentTencent
Perception model for robots; best-in-class on 19 of 38 benchmarks at 1/10th the compute of Tencent's prior flagship
Embodied
2026-07-19
TencentTencent
Reasoning engine for embodied cognition: joint language-visual reasoning, world-state prediction, subgoal planning; ships with open RxBrain-Bench
Embodied
2026-07-19
SenseTimeSenseTime
Unifies seeing, generating, acting via NEO-unify architecture; native 8K output; debuted at WAIC 2026
Multimodal
2026-07-19
Kunlun TechKunlun Tech
Mureka v9.5 Closed
AI music model with O3 reflective-reasoning + MuCo creation agent; pitched as least AI-sounding music generator, unveiled at WAIC
Multimodal
2026-07-19
Kunlun TechKunlun Tech
Interactive world-model upgrade shown at WAIC; 5B model, real-time 720p-class generation at 20FPS with 1-minute memory
Video Gen
2026-07-19
ModelBestModelBest
0.9B on-device VLA model for person-tracking, unveiled at WAIC 2026; SOTA on 3 tracking benchmarks, runs 5+ FPS on Unitree Go2 onboard compute
Embodied
2026-07-17
ModelBestModelBest
1.5B on-device VLA model for robot manipulation, unveiled at WAIC 2026; outperforms larger models like π0.5 and Qwen-VLA per ModelBest
Embodied
2026-07-17
WeRideWeRide
WITT Closed
Physical AI foundation model built on Atomic Physical Facts; claims 98% lower token cost and 200x data efficiency vs general models (self-reported, unverified)
Embodied
2026-07-17
UnisoundUnisound
U2-Med Closed
First tri-medical LLM spanning healthcare, insurance and pharma; built on U2 foundation model
Multimodal
2026-07-17
Moonshot AIMoonshot AI
Kimi K3 Open
Flagship model, 2.8T total parameters, strong coding and agent capabilities, open weights by July 27
Multimodal
60/100
2026-07-16
1M
$3.00/1M tokens
$15.00/1M tokens
Ant GroupAnt Group
Industry-first embodied-native causal video-action model; dual-stream mixture-of-transformers architecture, unifies frame prediction and policy execution from scratch
Embodied
2026-07-11
Ant GroupAnt Group
Open-source world model generating hour-long, no-decay 720p/60fps interactive experiences with built-in dynamic agents; up from minutes-level in v1.0
Embodied
2026-07-09
AlibabaAlibaba
DAMO Academy release; generates robot's predicted future as joint RGB + depth + optical-flow stream for manipulation planning, not just 2D video
Embodied
2026-07-08
Ant GroupAnt Group
6B open-source cross-embodiment model; trained on 60K hrs real-world data across 20 robot morphologies from 17 manufacturers
Embodied
2026-07-08
Ant GroupAnt Group
1.1B-param ViT-g/16 self-supervised vision model using masked boundary modelling, trained on ~161M curated images; 4 sizes released under Apache-2.0
Embodied
2026-07-07
Ant GroupAnt Group
Next-gen monocular depth model paired with LingBot-Vision; claims to roughly halve robotic depth-estimation error in challenging scenarios
Embodied
2026-07-07
TencentTencent
295B total / 21B active + 3.8B MTP layer, 192 routed experts (top-8) + 1 shared; official release upgrades Apr 2026 preview, deployed across WeChat, Yuanbao, WorkBuddy
Text
2026-07-07
256K
$0.18/1M tokens
$0.60/1M tokens
Shengshu TechnologyShengshu Technology
Vidu S1 Closed
Real-time interactive video model with voice-controlled avatars; 540p up to 42fps; runs on consumer-grade GPUs instead of server clusters
Video Gen
2026-07-03
Zhipu AI (Z.ai)Zhipu AI (Z.ai)
GLM-5.2 Open
753B params; Rolled out to all GLM Coding Plan tiers (Lite/Pro/Max/Team); standalone API + MIT open weights
Text
51/100
2026-06-01
1M
$1.40/1M tokens
$4.40/1M tokens
MiniMaxMiniMax
MiniMax M3 Open
428B params (23B active); 1-million-token context window; novel attention mechanism called MSA; native multimodality
Multimodal
44/100
2026-06
1M
$0.30/1M tokens
$1.20/1M tokens
Moonshot AIMoonshot AI
1T total params / 32B active, 384 experts, ~30% lower reasoning-token usage vs K2.6
Code
2026-06
256K
$0.95/1M tokens
$4.00/1M tokens
StepFunStepFun
198B total / 11B active params; 1.8B ViT vision encoder; 3 reasoning levels (low/med/high); ~400 TPS; Apache 2.0; supports NVIDIA NIM on-prem deployment
Multimodal
2026-06
256K
$0.2/1M tokens
$1.15/1M tokens
MeituanMeituan
1.6T para + MoE; trained on 50,000 domestic Chinese chips; next-gen flagship
Text
2026-06
1M
$0.75/1M tokens
$2.95/1M tokens
XPengXPeng
VLA 2.0 Closed
Second-generation vision-language-action world model — deliberative reasoning, controllable generation, and long-horizon forecasting. Runs on 4 self-developed Turing AI chips (~3,000 TOPS effective) in the Robotaxi platform.
Embodied
2026-06
AlibabaAlibaba
Qwen3.7-Max Closed
Flagship closed-source reasoning model. Ranked #1 on Artificial Analysis Intelligence Index (57/100) out of 218 models at release. 1M token context window. Text-only (no multimodal). Architecture reportedly dual-72B. Extended thinking / chain-of-thought mode. Released May 19, 2026.
Text
57/100
2026-05
1M
$2.50/1M tokens
$7.50/1M tokens
BaiduBaidu
ERNIE 5.1 Closed
MoE successor to ERNIE 5.0. ~⅓ total params, ~½ active params, 6% of pre-training cost. AIME 2026: 99.6% with tool use (#2 globally). Arena Search: 1,223 (#4 global, #1 China). Released May 9, 2026.
Text
2026-05
128K
$0.59/1M tokens
$2.65/1M tokens
Baichuan AIBaichuan AI
Baichuan-M4 Closed
Medical AI flagship (May 2026). World #1 on HealthBench, HealthBench Hard & HealthBench Professional. Hallucination rate 3.3% — industry low via factuality-aware RL. Surpasses GPT-5.5, Opus 4.7, DeepSeek-V4-Pro. Powers 百小医 AI family doctor.
Text
2026-05
ModelBestModelBest
1.3B multimodal model (SigLip2 + Qwen3.5-0.8B). 260K token context. Runs on consumer phones (iOS/Android/HarmonyOS). Launched May 2026.
Multimodal
2026-05
260K
ModelBestModelBest
1B language model with 128K token context. SOTA on-device LLM at its size class. Apache 2.0.
Text
2026-05
128K
Zhipu AI (Z.ai)Zhipu AI (Z.ai)
GLM-5.1 Open
754B flagship — top scores on AIME 2026 (95.3) and GPQA-Diamond (86.2); strong agentic and coding ability
Text
2026-04
200K
$0.98/1M tokens
$3.08/1M tokens
MiniMaxMiniMax
229B MoE; self-evolving agent — 30% perf gain over 100+ rounds; agent teams, complex skills, 24/7 background agents
Agent
2026-04
1M tokens
$0.28/1M tokens
$1.20/1M tokens
Moonshot AIMoonshot AI
Kimi K2.6 Open
1T MoE (32B active), 256K ctx; native multimodal agentic — top SWE-Bench (80.2) and AIME 2026 (96.4)
Multimodal
2026-04
256K
$0.60/1M tokens
$2.50/1M tokens
DeepSeekDeepSeek
Flagship MoE: 1.6T total / 49B active params, 1M context, FP4+FP8 precision, built-in Think/Non-Think reasoning modes. Codeforces rating 3206.
Text
2026-04
1M
$0.435/1M tokens
$0.87/1M tokens
DeepSeekDeepSeek
Efficient MoE: 284B total / 13B active params, 1M context. Same architecture as V4-Pro at far lower compute cost. Codeforces 2816.
Text
2026-04
1M
$0.14/1M tokens
$0.28/1M tokens
BaiduBaidu
8B single-stream Diffusion Transformer (DiT). Best text rendering in open source (LongTextBench: 0.9733). Up to 4K output. Apache 2.0. Released Apr 15, 2026.
Image Gen
2026-04
$0.03/image
Ant GroupAnt Group
1T total params, ~63B active per token; adaptive reasoning via high / xhigh modes; up to 66K output tokens; open weights (MIT); released May 8 2026; free tier available on OpenRouter
Text
2026-04
262K
$0.075/1M tokens
$0.625/1M tokens
Ant GroupAnt Group
1T total params, ~63B active per token; fast thinking approach cuts token cost to ~1/4 of comparable models; open weights (MIT); released Apr 23 2026; free tier available on OpenRouter via Novita AI
Text
34/100
2026-04
262K
$0.075/1M tokens
$0.625/1M tokens
Ant GroupAnt Group
Efficient sparse MoE: 104B total / 7.4B active, hybrid linear attention. 340 tokens/s on 4× H20. Strong agent and tool-use performance.
Text
2026-04
262K
$0.10/1M tokens
$0.30/1M tokens
TencentTencent
Hy3-preview Closed
295B MoE (21B active); reasoning, coding, and agentic workloads. Via Tencent Cloud TokenHub. Released Apr 23, 2026.
Text
2026-04
256K
¥1.2/1M tokens
¥4.0/1M tokens
XiaomiXiaomi
1.02T MoE, 42B active; KV-cache reduced ~7×; latest generation
Text
2026-04
1M
$0.0036/1M tokens
$0.087/1M tokens
AGIBotAGIBot
AGIBot's new-generation embodied foundation model, powering autonomous manipulation and locomotion across its AGIBOT A2 and X2 robot lines.
Embodied
2026-04
XiaomiXiaomi
MiMo-V2-Pro Closed
1T+ MoE, 42B active; hybrid attention; 1M token context
Text
2026-03
1M
$0.0036/1M tokens
$0.087/1M tokens
Unitree RoboticsUnitree Robotics
Vision-Language-Action model enabling the G1 humanoid to autonomously perform household tasks from natural language commands. Runs onboard the robot. Open-sourced March 2026 — Unitree's first AI model release.
Embodied
2026-03
N/A
Kunlun TechKunlun Tech
SkyReels V4 Closed
Audio-visual creation model (Mar 2026). Dual-stream architecture; #1 globally on Text-to-Video (With Audio) and Image-to-Video (With Audio) tracks at release. Generates clips up to 3 minutes.
Video Gen
2026-03
Kunlun TechKunlun Tech
Mureka V9 Closed
Music generation model (Mar 2026). Paragraph-level text control; enhanced mixing quality, vocal expression, and style richness.
Audio
2026-03
Kunlun TechKunlun Tech
Physics-simulation interactive world model (Mar 2026). 5B params; 720P @ 40FPS; covers 1,000+ scenarios with Unreal Engine data. Industrial-grade real-time interactivity.
Text
2026-03
ByteDanceByteDance
Seed2.0 Pro Closed
ByteDance's flagship multimodal model. Understands text, image, and video. Ranks #3 globally on LMSYS Vision Arena and #6 on overall text arena. AIME 2025: 98.3, SWE-bench: 76.5%.
Multimodal
2026-02
272K
$0.47/1M tokens
$2.37/1M tokens
ByteDanceByteDance
Unified multimodal image generation with chain-of-thought visual reasoning, real-time web search, and native editing. Supports up to 14 reference images. Up to 4K output at 2048×2048.
Image Gen
2026-02
$0.026/image
ByteDanceByteDance
Seedance 2.0 Closed
Unified audio-video joint generation model. Accepts text, image, video, and audio inputs; outputs native 2K video (up to 15s) with synchronized audio. 30% faster than Seedance 1.5 Pro.
Video Gen
2026-02
AlibabaAlibaba
Qwen3.5 Open
Unified vision-language MoE family. Flagship: 35B-A3B (35B total / 3B active) and 397B-A17B. Thinking mode on by default. Supports image, video, text input. 201 languages. Apache 2.0.
Multimodal
2026-02
262K (1M w/ YaRN)
AlibabaAlibaba
80B total / 3B active MoE coding agent. Excels at long-horizon agentic tasks, tool use, and IDE integration (Claude Code, Cline, Qwen Code). No thinking mode.
Code
2026-02
256K
Zhipu AI (Z.ai)Zhipu AI (Z.ai)
GLM-5 Open
754B MoE (40B active); 28.5T token pre-training; top-tier SWE-bench score of 77.8
Text
2026-02
200K
$1.40/1M tokens
$4.40/1M tokens
MiniMaxMiniMax
229B; SOTA SWE-Bench (80.2); 80% of MiniMax's own code generated by this model; M2.5-Lightning at 100 tok/s
Agent
2026-02
1M tokens
$0.30–$1.00/hr
$0.30–$1.00/hr
BaiduBaidu
ERNIE 5.0 Closed
2.4 trillion parameter unified multimodal (text + image + video + audio) in a single autoregressive framework. LMArena Text: 1,460 (#1 China, #8 global); Vision: 1,226 (#1 China, #8 global). Released Feb 6, 2026.
Multimodal
2026-02
128K
Ant GroupAnt Group
Open-source VLA foundation model trained on ~20,000 hours of real-world dual-arm robot data across 9 embodiments
Embodied
2026-02
Ant GroupAnt Group
World's first open-source 1T-parameter thinking model. Gold medal level at IMO 2025 (35/42 pts) and CMO 2025 (105/126). 3× throughput for sequences >32K.
Text
2026-02
256K
Ant GroupAnt Group
Any-to-any omni model: accepts image, text, video, and audio; outputs image, text, and audio. 100B total / 6B active MoE. Supports zero-shot voice cloning and image generation/editing.
Multimodal
2026-02
Ant GroupAnt Group
Novel diffusion-based language model — not autoregressive. 103B params. Generates text by iterative token editing rather than left-to-right decoding. 102K monthly downloads.
Multimodal
2026-02
Baichuan AIBaichuan AI
235B medical model (Feb 2026) built on Qwen3 architecture. Former world #1 on HealthBench. Hallucination rate 3.5%. Outperforms human doctors in diagnostic accuracy. 48GB VRAM with W4 quantization.
Text
2026-02
JD.comJD.com
Open-sourced lightweight model — 4.8B total / 3B active params, pretrained on 20T text tokens. Released on HuggingFace as part of JD's open-source push.
Text
2026-02
Moonshot AIMoonshot AI
Kimi K2.5 Open
1T MoE (32B active); trained on 15T vision+text tokens; thinking & instant modes; agent swarm support
Multimodal
2026-01
256K
$0.40/1M tokens
$1.90/1M tokens
DeepSeekDeepSeek
3B visual OCR model with document-to-markdown conversion, layout-aware grounding, and dynamic resolution. 1.66M monthly downloads.
Multimodal
2026-01
TencentTencent
80B MoE (13B active); text-to-image and image-to-image with reasoning. Open weight on HuggingFace. Released Jan 26, 2026.
Image Gen
2026-01
MeituanMeituan
68.5B MoE, 2.9–4.5B active; fast and efficient
Text
2026-01
256K
AIsphereAIsphere
PixVerse R1 Closed
Real-time world model; 1080p, <15s latency, physics-aware, infinite temporal continuity
Video Gen
2026-01
N/A
SenseTimeSenseTime
Real-time multimodal streaming model. Powers SenseChat's live audio/video interaction. Successor to V6 Pro.
Multimodal
2026-01
LimX DynamicsLimX Dynamics
LimX's Vision-Language-Action embodied-AI engine powering autonomous manipulation and locomotion on its humanoid and legged robots.
Embodied
2026
DeepSeekDeepSeek
685B MoE with DeepSeek Sparse Attention (DSA). V3.2-Speciale variant won gold at 2025 IMO and IOI. 4.16M monthly downloads on HuggingFace.
Text
2025-12
128K
$0.252/1M tokens
$0.378/1M tokens
KuaishouKuaishou
Kling I2V 2.0 Closed
Image-to-video with industry-leading subject preservation
Multimodal
2025-12
N/A
$0.16/video (5s)
XiaomiXiaomi
309B MoE, 15B active; trained on 27T tokens; open-source release
Text
2025-12
N/A
$0.01/1M tokens
$0.30/1M tokens
AIsphereAIsphere
PixVerse V5.5 Closed
Text/image-to-video; HD output, multiple aspect ratios, character consistency
Video Gen
2025-12
N/A
TencentTencent
Hunyuan3D 3.0 Closed
3D asset generation from text, image, or sketch input
3D Gen
2025-11
iFlyTekiFlyTek
Spark X1.5 Closed
MoE reasoning model (29.3B total / 3B active parameters). Supports 130+ languages. Runs on a single Huawei Ascend server. Launched Nov 2025.
Text
2025-11
MiniMaxMiniMax
MiniMax-M2 Open
230B MoE (10B active); interleaved thinking; open-source under Modified MIT; free API available
Agent
2025-10
1M tokens
Infinigence AIInfinigence AI
MoE edge model: 3×7B experts, 3B active parameters. Open-weight, Apache 2.0.
Text
2025-09
AlibabaAlibaba
Qwen-Image Open
Image generation and editing foundation model. Exceptional Chinese + English text rendering. Supports style transfer, object insertion/removal, layered editing, and depth/edge estimation. Released Aug 2025.
Image Gen
2025-08
ModelBestModelBest
8B multimodal model (Qwen3-8B + SigLIP2). Apache 2.0.
Multimodal
2025-08
Moonshot AIMoonshot AI
Kimi k2 Open
Agentic model with tool use, web browsing, and code execution
Text
2025-07
128K
$0.57/1M tokens
$2.30/1M tokens
MiniMaxMiniMax
MiniMax-M1 Open
First open-weight large-scale hybrid-attention reasoning model; test-time compute scaling
Text
2025-06
1M tokens
$0.80/1M tokens
$2.20/1M tokens
MiniMaxMiniMax
Hailuo-02 Open
Physics-aware video generation; top-3 globally on VBench
Video Gen
2025-06
N/A
$0.06/video (5s)
Shengshu TechnologyShengshu Technology
Vidu Q3 Closed
World's first storytelling-focused video model. Up to 16 sec, 1080p 24fps, native audio sync. Multilingual. Pro and Turbo variants. MCP integration.
Video Gen
2025-06
~$0.07/sec
HuaweiHuawei
718B-parameter MoE model (256 experts), trained on the full-stack hardware and software of Huawei Cloud's AI Cloud Service (CloudMatrix 384 supernodes). Part of the Pangu Models 5.5 family, which per Huawei Cloud's own release delivers upgrades across five capabilities: natural language processing, computer vision, multimodal, prediction, and scientific computing.
Text
2025-06
RedNote (Xiaohongshu)RedNote (Xiaohongshu)
dots.llm1 Open
RedNote's first open-source LLM — 142B total / 14B active params (MoE), pretrained on 11.2T high-quality tokens with no synthetic data. Performance comparable to Alibaba's Qwen2.5-72B.
Text
2025-06
32K
DeepSeekDeepSeek
Latest R1 update: 685B, adds system prompt support, deeper reasoning (23K avg tokens on AIME vs 12K prior). Distilled 8B version achieves 86% on AIME 2024.
Text
2025-05
128K
$0.50/1M tokens
$2.15/1M tokens
KuaishouKuaishou
Kling 2.0 Closed
4K-capable video generation; advanced camera controls and scene coherence
Video Gen
2025-04
N/A
$0.16/video (5s)
KuaishouKuaishou
Kolors 2.0 Open
Upgraded photorealistic image model; open-source available
Image Gen
2025-04
N/A
$0.004/image
SenseTimeSenseTime
620B MoE hybrid. Real-time audio/video streaming. Ranked #1 in China in multimodal reasoning at launch. Lowest reasoning cost in industry at launch (Apr 2025).
Multimodal
2025-04
256K
¥2.8/1M tokens
¥8.4/1M tokens
Kunlun TechKunlun Tech
Open-source math and coding reasoning model (Apr 2025). 32B params; rivals DeepSeek-R1 on competitive programming benchmarks. 7B variant also available.
Text
2025-04
Qihoo 360Qihoo 360
Latest open-weight 360Zhinao generation (Base / Instruct / O1.5 long chain-of-thought reasoning variant). Free for commercial use.
Text
2025-04
32K
BaiduBaidu
ERNIE X1 Closed
Baidu's first dedicated reasoning model with extended chain-of-thought
Text
2025-03
128K
$0.28/1M tokens
$1.10/1M tokens
BaiduBaidu
ERNIE 4.5 Closed
Improved multimodal and reasoning; best ERNIE for Chinese enterprise tasks. The flagship ERNIE 4.5 model is closed-source, though several variants in the ERNIE 4.5 family are openly available on HuggingFace.
Multimodal
2025-03
128K
$0.55/1M tokens
$2.20/1M tokens
StepFunStepFun
Step-3 Closed
StepFun's 2025 flagship; 1M token context and native reasoning mode
Text
2025-01
1M
$0.57/1M tokens
$1.42/1M tokens
Baichuan AIBaichuan AI
32B medical reasoning model (2025) built on Qwen2.5-32B with innovative Large Verifier System for real-world clinical reasoning.
Text
2025-01
ModelBestModelBest
8B any-to-any model (text + vision + speech). Surpasses GPT-4o and Gemini 1.5 Pro on single-image understanding benchmarks. Launched Jan 2025.
Multimodal
2025-01
KuaishouKuaishou
Kling 1.6 Pro Closed
Previous flagship; supports 1080p, 5-10s clips, camera controls
Video Gen
2024-12
N/A
$0.14/video (5s)
Infinigence AIInfinigence AI
3B omni model processing text, vision, and audio. Outperforms LLaVA-NeXT-Yi-34B on vision benchmarks. Optimised for on-device and edge deployment.
Multimodal
2024-12
Kunlun TechKunlun Tech
Skywork-o1 Open
Reasoning model (Nov 2024) — among China's first o1-style models with chain-of-thought Chinese logical reasoning. Open-source 8B variant (Llama 3.1 base) plus proprietary advanced version.
Text
2024-11
Qihoo 360Qihoo 360
Second-generation 360Zhinao with Base and Chat variants at 4K / 32K / 360K context lengths.
Text
2024-11
360K
Baichuan AIBaichuan AI
Enterprise flagship general LLM (late 2024). 10%+ usability gain vs prior generation; priced at ~80% of GPT-4o. Supports multimodal input.
Text
2024-10
192K
Baichuan AIBaichuan AI
Baichuan4-Air Closed
MoE variant (PRI architecture) of Baichuan4. High performance at low cost for API deployments.
Text
2024-10
192K
01.AI01.AI
Yi-Lightning Closed
MoE flagship API model (Oct 2024). Ranked #6 on Chatbot Arena at launch — joint 3rd among LLM companies. 40% faster inference than prior Yi models. Final model before 01.AI halted pre-training in early 2025.
Text
2024-10
16K
$0.14/1M tokens
$0.14/1M tokens
01.AI01.AI
Yi-Coder Open
Code model (Sep 2024); 1.5B and 9B variants; supports 52 programming languages; 128K context window.
Code
2024-09
128K
iFlyTekiFlyTek
Spark 4.0 Closed
Flagship LLM (Aug 2024). Claims comparable performance to GPT-4 Turbo on Chinese language benchmarks.
Text
2024-08
StepFunStepFun
Step-2 Closed
Very long context window; strong document understanding
Text
2024-07
256K
¥0.038/1K tokens
¥0.12/1K tokens
StepFunStepFun
Step-1X-Image Closed
High-resolution image generation model
Image Gen
2024-07
N/A
¥0.04/image
01.AI01.AI
Yi-1.5 Open
Open-source series (May 2024); 6B–34B variants. Improved coding, math, reasoning, and instruction-following over original Yi.
Text
2024-05
Qihoo 360Qihoo 360
Retrieval + 1.8B reranking models that ranked #1 in the Retrieval and Reranking tasks of the C-MTEB leaderboard.
Embedding
2024-05
01.AI01.AI
Yi-VL-34B Open
34B vision-language model (early 2024). Open-weight multimodal extension of Yi-34B.
Multimodal
2024-01
01.AI01.AI
Yi-34B Open
Founding open-source model (Nov 2023). Topped HuggingFace Open LLM Leaderboard and C-Eval at launch. 200K-token context variant (Yi-34B-200K) also available.
Text
2023-11
200K
Kunlun TechKunlun Tech
Founding open-source bilingual LLM (Oct 2023). 13B params; pretrained on 3.2T tokens. Led same-scale models on CEVAL, CMMLU, and MMLU at launch.
Text
2023-10
Baichuan AIBaichuan AI
Baichuan2 Open
Open-source bilingual LLM series (Sep 2023); 7B and 13B variants; trained on 2.6T tokens. Available on Hugging Face under permissive license.
Text
2023-09
4K
JD.comJD.com
JD's 100B-parameter industry-focused LLM, blending 70% general data with 30% native supply-chain intelligence data for retail, logistics, finance, healthcare, and city-services applications.
Text
2023-07
32K
BaiduBaidu
ERNIE-Speed Closed
Free tier for prototyping and light production
Text
128K
MeituanMeituan
Image generation model, ~6B params; data-quality focused; released Dec 2025
Image Gen
N/A
MeituanMeituan
Text-to-video generation model; released Oct 2025
Video Gen
N/A
MeituanMeituan
Text + vision + audio multimodal
Multimodal
256K
MeituanMeituan
Chain-of-thought reasoning variant of LongCat-Flash
Text
256K
MeituanMeituan
560B MoE, 27B active; open-source; 500K free tokens/day
Text
128K
WeRideWeRide
Generative Engineered Neural Environment for Simulated Intelligence in Self-driving. WeRide's proprietary general-purpose simulation platform combining physical AI with generative AI. Rapidly builds photorealistic simulated cities in minutes, generates diverse edge-case scenarios from billions of km of real-world data, and models realistic pedestrian and driver behavior — all at centimeter-level fidelity. Supports L2++ through L4 AV development and validation via four modules: AI Scenarios, AI Agents, AI Metrics, and AI Diagnosis.
Embodied
Pony.aiPony.ai
PonyWorld 2.0 Closed
Second-generation world model underpinning the Virtual Driver L4 autonomous driving platform. Introduces an Intention layer — a structured representation of decision-making that enables the system to evaluate its own driving decisions, identify accuracy gaps across scenarios, and direct targeted data collection rather than broad undirected improvement. Direct sensor-to-action architecture with no language models in the inference pipeline; runs on 1016 TOPS across three NVIDIA DRIVE Orin-X SoCs with redundant failover.
Embodied
UnisoundUnisound
60B+ parameter general large model (v5.0); underpins all Unisound vertical products. Medical, enterprise, and consumer deployments.
Text
UnisoundUnisound
U2-ASR 2.5 Closed
First LLM-based semantic ASR model for Chinese. Covers 100+ dialects across 7 dialect systems. >90% accuracy. Available via Token Hub API.
Audio
UnisoundUnisound
Text-to-speech and voice cloning with full-duplex millisecond response. Available via Token Hub API.
Audio
UnisoundUnisound
U1-OCR Closed
Industrial-grade document intelligence model for OCR and document understanding. Launched February 2026.
Multimodal
Disclosed, 2026 YTD
Funding & Markets
Private funding rounds and public market data for China's leading AI companies
43
Companies tracked
22 public · 21 private
~$29.9B
AI startup funding
12 AI-native cos
Compare companies →
Valuation, total funding & AI ARR, side-by-side
Most Active Investors
1 Tencent
16
2 HongShan Capital
12
3 Alibaba
12
4 IDG Capital
9
5 Shunwei Capital
7
Derived live from 167 rounds
ByteDance
ByteDance
PRIVATE
Valuation$600B
Total Raised~$12.61B+
AI ARR$4B
Alibaba
Alibaba
BABA / 9988.HK
Market Cap
Cloud Revenue (FY25)¥158B
AI ARR¥10B
Zhipu AI (Z.ai)
Zhipu AI (Z.ai)
2513.HK
Market Cap
Total Raised$5.79B
AI ARR$1B
MiniMax
MiniMax
0100.HK
Market Cap
Total Raised$2.17B
AI ARR$800M
Moonshot AI
Moonshot AI
PRIVATE
Valuation$35B
Total Raised~$8.2B+
AI ARR$300M
DeepSeek
DeepSeek
PRIVATE
Valuation$50B
Total Raised$7.35B
AI ARR$500M
StepFun
StepFun
PRIVATE
Valuation$10B
Total Raised$3.23B+
Last Round2026
Baidu
Baidu
BIDU / 9888.HK
Market Cap
ExchangeNASDAQ: BIDU · HKEX: 9888
Founded2000
Ant Group
Ant Group
PRIVATE
Valuation$79B
Total Raised$20.53B+
Last Round2020
Tencent
Tencent
0700.HK
Market Cap
Revenue (FY25)¥751.8B
Founded1998
Kuaishou
Kuaishou
1024.HK
Market Cap
ExchangeHKEX: 1024
Kling ARR$500M
Xiaomi
Xiaomi
1810.HK
Market Cap
Revenue (FY25)¥457.3B
Founded2010
Meituan
Meituan
3690.HK
Market Cap
Revenue (FY25)¥364.9B
Founded2010
AIsphere
AIsphere
PRIVATE
Valuation$2B
Total Raised~$669M+
Last Round2026
Unitree Robotics
Unitree Robotics
688836.SS
Market Cap
FY2025 Revenue¥1.71B
Founded2016
SenseTime
SenseTime
0020.HK
Market Cap
Revenue (FY25)¥5.01B
Founded2014
Baichuan AI
Baichuan AI
PRIVATE
Valuation$2.7B
Total Raised$1.04B
Last Round2024
01.AI
01.AI
PRIVATE
Valuation$1B
Total Raised$300M+
Last Round2024
Kunlun Tech
Kunlun Tech
300418.SZ
Market Cap
Revenue (FY25)¥8.2B
Founded2008
Evoken
Evoken
PRIVATE
Valuation$2B
Total Raised$430M+
Last Round2026
iFlyTek
iFlyTek
002230.SZ
Market Cap~¥190B
FY2025 Revenue¥27.1B
Founded1999
Infinigence AI
Infinigence AI
PRIVATE
ValuationUndisclosed
Total Raised~$251M+
Last Round2026
Enflame Technology
Enflame Technology
PRIVATE
Valuation
Total Raised
Last Round
SiliconFlow
SiliconFlow
PRIVATE
Valuation¥7.7B
Total Raised$287M
Revenue¥55.3M
Cambricon
Cambricon
688256.SS
Market Cap
FY2025 Revenue¥6.5B
Founded2016
ModelBest
ModelBest
PRIVATE
Valuation¥20B
Total RaisedUndisclosed
Last Round2026
Moore Threads
Moore Threads
— (SSE)
Market Cap
FY2025 Revenue¥1.505B
Founded2020
WeRide
WeRide
WRD / 0800.HK
Market Cap
FY2025 Revenue~$93.6M
Founded2017
Pony.ai
Pony.ai
PONY / 2026.HK
Market Cap
FY2025 Revenue$90.0M
Founded2016
Shengshu Technology
Shengshu Technology
PRIVATE
ValuationUndisclosed
Total Raised~$440M
Last Round2026
DiDi Autonomous Driving
DiDi Autonomous Driving
PRIVATE
ValuationUndisclosed
Total Raised$1.39B+
Last Round2025
Unisound
Unisound
9678.HK
Market Cap
FY2025 Revenue¥1.21B
Founded2012
Momenta
Momenta
06880.HK
Market Cap
FY2025 Revenue¥2.4B
Founded2016
Qihoo 360
Qihoo 360
601360.SS
Market Cap~$10.1B
Market Cap~$10.1B
Founded2005
CXMT
CXMT
688825.SS
Market Cap
IPO Proceeds~$8.6B
Founded2016
Manus (Butterfly Effect)
Manus (Butterfly Effect)
PRIVATE
Valuation~$500M
Total Raised$75M
Last Round2025
LimX Dynamics
LimX Dynamics
PRIVATE
Valuation¥15B
Total Raised~$400M+
Last Round2026
XPeng
XPeng
XPEV / 9868.HK
Market Cap
ExchangeNYSE: XPEV · HKEX: 9868
Founded2014
AGIBot
AGIBot
PRIVATE
Valuation~$1.5B+
Total Raised$84M+
Last Round2025
Huawei
Huawei
PRIVATE
FY2025 Revenue¥880.9B
R&D Investment¥192.3B
Founded1987
Pragmatik Labs
Pragmatik Labs
PRIVATE
Valuation$2B
Total Raised$220M
Last Round2026
RedNote (Xiaohongshu)
RedNote (Xiaohongshu)
PRIVATE
Valuation~$70B
Total Raised~$917M+
Last Round2026
JD.com
JD.com
JD / 9618.HK
Market Cap
FY2025 Revenue¥1,309.1B
Founded2004
Data methodology: Funding data on this page is compiled from publicly available sources — company press releases, regulatory filings, and media reports — and fact-checked by Tony Peng with the assistance of AI. Where a round appears in both a company disclosure and press report, company disclosure takes precedence. All figures may be approximate.
Shipped Products
Applications
AI products from China's leading companies, by category
Est. 2026

The essential tracker for China's AI ecosystem

One place to follow every major model release, funding round, product launch, and breakthrough from China's AI ecosystem.

Tony Peng
Tony Peng
AI observer · Journalist · Communications professional

China AI Index is a research project built and maintained by Tony Peng — a long-time observer of the AI industry with a background in journalism and communications — with the assistance of AI (Claude Code, Qoder, and Z Code). Tony is also the writer behind Recode China AI, a newsletter tracking the latest advances and news stories in intelligent technologies.

It exists to give English-speaking researchers, investors, journalists, and developers a structured reference for China's AI ecosystem — most authoritative information is published in Chinese, and this site translates and synthesizes it.

Models
Every major LLM, reasoning model, vision model, and generative AI model from Chinese labs — with benchmark scores, context windows, and live API pricing so you can compare apples to apples.
Financing
Full funding histories for private companies (ByteDance, DeepSeek, MiniMax, Moonshot…) and market data for public ones (Alibaba, Baidu, Tencent, Kuaishou). Valuations, investors, round sizes.
Newsfeed
News covering model launches, research breakthroughs, product announcements, and strategic moves — presented in a clean timeline with company tags and category filters.
People
Key founders, CEOs, CTOs, and researchers behind China's AI labs — with titles, Chinese names, and links to their social profiles so you know the faces shaping the industry.
Members
Regulation
A timeline of China's AI rules — generative AI measures, algorithm filing requirements, model approval lists, data law touchpoints, and provincial subsidy programs. Click any entry for the original text.
Members
Chips
Domestic AI accelerators, training clusters, and memory chips — specs, interconnect bandwidth, process nodes, and deployment status for China's emerging chip ecosystem.
Data Disclaimer

All pricing, benchmark scores, funding amounts, and valuations are sourced from public company announcements, tech media reporting, and developer documentation. They are provided for informational purposes only and may be approximate or subject to change.

Stock prices shown are approximate historical ranges — not real-time quotes. Always verify with a live financial data source before making investment decisions. Benchmark scores reflect results at the time of model release and may not account for subsequent updates.

This database is independently maintained and has no affiliation with any of the companies listed. Information is updated manually on a best-effort basis.

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2026 Jul
TC260Agentscybersecurity
Effective: 2026-07-01 Issuer: TC260 (National Information Security Standardization Technical Committee) Type: Practice Guide

Sets a lifecycle security framework for AI agents across five stages — assessment, preparation, deployment, use, decommissioning. Requires least-privilege access, restricted network exposure, full audit logging, secondary confirmation on high-risk operations (payments, deletions, permission changes), sandboxing, and secure data wipe on decommission. Reflects a shift from treating agents as lightweight LLM wrappers to integrated systems with memory/tools/autonomy that need dedicated governance.

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2025 Mar
LabelingWatermarkingGenAIKey
Effective: Sep 1, 2025 Issuer: CAC / MIIT / MPS / NRTA Type: Administrative Measure

Mandates two-layer labeling for all AI-generated text, images, audio, video, and virtual scenes: an explicit label visible to users (text, voice, or graphic indicator) and an implicit label embedded in file metadata as a digital watermark carrying generation information and producer details. Download, copy, and export functions must preserve labels. Content distribution platforms must verify metadata and add indicators when redistributing AI content. Users publishing AI-generated content must declare its origin. Prohibits malicious deletion, tampering, forgery, or concealment of required labels, and bans tools that enable such conduct. Issued March 7, 2025; effective September 1, 2025.

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China's Chip Ecosystem

Domestic AI accelerators, large-scale training clusters, and memory chips — tracking the hardware layer behind China's AI buildout.

AI Accelerators
Clusters & Supernodes
Memory & HBM
Role
Precision
Company Chip Role Peak Compute Memory Tech Capacity Bandwidth Interconnect
Bandwidth
TDP Process Status Highlights
Huawei ↗
Ascend 910B
Training
256 TFLOPS
BF16
HBM2e 64 GB 2.0 TB/s
392 GB/s
HCCS 3.0
400 W SMIC N+2 Production Most-deployed domestic training chip. Used at Alibaba, ByteDance, Baidu, and Tencent.
Huawei ↗
Ascend 910C
Training
800 TFLOPS
FP16
HBM2e 96 GB 4.0 TB/s
800 GB/s
HCCS
900 W SMIC N+2 Production Dual-die upgrade to 910B. Powers the Atlas 900 A3 SuperPoD (300 PFLOPS).
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Specs marked ~ are estimates from third-party analysis. Click any column header to sort. Interconnect Bandwidth = chip-to-chip fabric bandwidth per chip (bidirectional).
Cluster / Supernode Operator Chip Chip Count Total Compute Interconnect Fabric Notes
Atlas 900 A3 SuperPoD (CloudMatrix 384)
Huawei Cloud Ascend 910C 384
300 PFLOPS
FP16
All-optical (OXC) Huawei's current-generation supernode. Uses optical circuit switching (OXC) for low-latency inter-chip communication. Announced April 2025 as a full-stack domestic alternative to Nvidia GB200 NVL72.
Atlas 950 SuperPoD
Huawei Cloud Ascend 950 8,192
8 EFLOPS
FP8
16.3 PB/s aggregate Next-generation supernode targeting 2026 delivery. 1,152 TB total memory. Full liquid cooling. Footprint larger than two basketball courts. Would represent a major leap in domestic training capacity if delivered at spec.
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Cluster sizes and compute figures are from official announcements or credible press reports.
Company Product Type Capacity Bandwidth Process Status Notes
CXMT ↗
DDR5
DDR 16–32 Gb dies ~6400 MT/s ~16nm (G4) Production CXMT's latest-generation DDR5, unveiled Nov 2025 — its push into the high-end DRAM market against Samsung, SK Hynix, and Micron.
CXMT ↗
LPDDR5X
LPDDR Mobile ~8533 MT/s ~16nm Production Low-power mobile DRAM for smartphones and edge/AI devices.
🔒 2 more memory chips — paid subscribers only
DRAM, HBM, and NAND from Chinese memory makers. Specs marked ~ are estimates from third-party analysis or press reports.
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