Companies
Alibaba
Ant Group
Baidu
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DeepSeek
Huawei
iFlyTek
MiniMax
Moonshot AI
Pony.ai
StepFun
Tencent
Newsfeed · Live
Sep 27, 2026
Compare
2022
2027
DeepSeek
$7.4B
Moonshot AI
$8.2B
Zhipu AI (Z.ai)
$10.8B
CUMULATIVE RAISED · FEATURED
Products
Doubao (豆包)
344.9M MAU
Xiaohongshu (小红书)
300M+ MAU
Qwen (千问)
165.6M MAU
DeepSeek
127.1M MAU
Tencent Yuanbao (元宝)
57.4M MAU
NEWSFEED · LIVE
SYNCED 02:57 AM
SEP 26, 2026
4 stories
Amid many thorny issues with China, Trump pushes to rename AI as superintelligence
China’s AI-led transformation is taking shape. Why are some economists urging caution?
Chinese AI models surge in global popularity — and Washington is worried
Xi-Trump summit: China and US find common ground on AI, tariffs and fentanyl
SEP 25, 2026
8 stories
China's Economy Unbalanced, AI Deal Hard to Envision, Stephen Roach Says
China overtakes US as top workplace for elite AI researchers, study finds
China and the US are racing ahead on AI. Can they manage risks together?
From Suzhou to AI: Singapore, China eye new playbook for economic ties
FutureX Capital founder sees China AI opportunities, warns of robotics bubble
China's Xi urges U.S. to cooperate on AI
China fuels rush to turn AI video into an industry
Why US-China AI Talks Are About Risk Management
SEP 24, 2026
8 stories
US-China Rivalry Fuels Fierce AI Race: Live Q&A
B-2 Spirit, AI cooperation, no US-China conflict: key Xi-Trump takeaways so far
Decision Tree Research CEO Gregory Allen on U.S.-China AI talks
Trump, Xi Thrust Fierce US-China AI Rivalry Into Spotlight
Xi says China, US must keep AI under human control at Trump’s White House welcome
Reps. Liccardo and Kiley on U.S.-China AI safety proposal: We need to give authority to private sector scientists
Trump Says No Moves Toward US, China AI Guardrails in Xi Summit
Trump and Xi Jinping Hold Talks in Washington on Trade, AI and More
Trump and Xi discussed AI during their Washington summit. Trump rebranded 'artificial intelligence' as 'Super Intelligence' and directed U.S. diplomats to use the term, the U.S. proposed a bilateral notification mechanism for national-security-related AI incidents, and China's commerce ministry confirmed the two countries held their first formal AI dialogue.
This Week
Items103
Companies10
Rounds9
Last sync02:57 AM
Most Active · This Week
Alibaba
10
DeepSeek
9
CXMT
3
ByteDance
3
Moonshot AI
Moonshot AI is a Beijing-based AI lab best known for Kimi, China's leading long-context AI assistant. Founded in 2023 by Yang Zhilin — a contributor to the Transformer-XL and XLNet papers — the company has consistently pushed the frontier of context length, reasoning, and open-source model performance.
Valuation
$35B
Total Raised
~$8.2B+
Kimi K3
Multimodal
Open
Flagship model, 2.8T total parameters, strong coding and agent capabilities, open weights by July 27
AA Intelligence Index44/100
DeepSWE67.5/100
HLE-Full w/ tools56/100
Context1M
Input
$3.00/1M tokens
Output
$15.00/1M tokens
View Docs ↗
Kimi-K2.7-Code
Code
Open
1T total params / 32B active, 384 experts, ~30% lower reasoning-token usage vs K2.6
AA Intelligence Index26/100
MCP Mark Verified81.1/100
MLS Bench Lite35.1/100
Context256K
Input
$0.95/1M tokens
Output
$4.00/1M tokens
View Docs ↗
Kimi K2.6
Multimodal
Open
1T MoE (32B active), 256K ctx; native multimodal agentic — top SWE-Bench (80.2) and AIME 2026 (96.4)
SWE-Bench80.2/100
AIME 202696.4/100
GPQA-Diamond90.5/100
Context256K
Input
$0.60/1M tokens
Output
$2.50/1M tokens
View Docs ↗
Kimi K2.5
Multimodal
Open
1T MoE (32B active); trained on 15T vision+text tokens; thinking & instant modes; agent swarm support
AIME 202596.1/100
SWE-Bench76.8/100
GPQA-Diamond87.6/100
Context256K
Input
$0.40/1M tokens
Output
$1.90/1M tokens
View Docs ↗
Kimi k2
Text
Open
Agentic model with tool use, web browsing, and code execution
AIME 202574/100
SWE-Bench65/100
LiveCodeBench68/100
Context128K
Input
$0.57/1M tokens
Output
$2.30/1M tokens
View Docs ↗
Total Raised
~$8.2B+
All rounds
Valuation
$35B
Post-money (approx.)
Last Round
2026
Most recent year
AI ARR
$1B
as of 2026-08
Round Timeline
2023-06
Angel$200Mval $300M
HongShan CapitalZhenFundCapital TodayMonolith Capital
2023-07
Series AUndisclosed
Meituan Dragon BallXianghe CapitalBlueRun Ventures
2024-02
Series A+>$1Bval $2.5B
HongShan CapitalXiaohongshuMeituan Dragon BallAlibabaChina Merchants China FundBlueRun VenturesMonolith CapitalCloud9 Capital
2024-08
Series B>$300Mval $3.3B
TencentGaorong VenturesAlibaba37Interactive Fund
2025-12
Series C$500Mval $4.3B
IDG CapitalAlibabaTencentWang Huiwen
2026-02
Series C+>$700Mval $12B
AlibabaTencent5Y CapitalGaorong VenturesJiuan Medical
2026-05
Series D$2Bval $20B
Meituan Dragon BallChina MobileCITIC Industrial Fund
2026-07
Series F$3.5Bval $35B
National AI Industry Investment Fund
On Sept 23, 2026 Moonshot AI shipped Kimi Code v2.1.0, adding a fullscreen terminal UI mode with mouse-clickable folded code blocks and a jump-to-bottom control for its terminal coding-agent tool.
Downloadable desktop AI agent for macOS and Windows built on Moonshot's Kimi K2.6 model; runs an Agent Swarm of up to 300 parallel sub-agents, uses a WebBridge browser extension to operate a user's logged-in web sessions, and can edit local files, run Python, and compile PPT/Excel reports without sending data to the cloud. Launched June 12, 2026.
8.3M MAU · Quest Mobile
Moonshot AI's flagship AI assistant, known for industry-leading long-context capabilities. Supports documents up to 2M tokens, deep research via Kimi Explore (extended thinking + web search), and autonomous task execution via Kimi Agent powered by K2. Available on web, iOS, and Android.
Google TPU runs Kimi 57% faster than Nvidia GPU! Still using the DeepSeek inference framework
OpenAI runaway agent also found DeepSeek, Kimi as foreign aid! Nearly a million crime short-chain exposures
Outrageous! When the OpenAI agent attacked Hugging Face, they wanted DeepSeek, Kimi and Qwen to help
Chinese AI Stocks Fall on Report of DeepSeek, Moonshot Probe
China Probes DeepSeek, Moonshot Over Data Security, Report Says
Kimi K3 lands on AWS: China's big model begins to "collect rent", the dark side of the moon plays open source as a tollbooth
Moonshot’s Kimi K3 lands on Amazon in key test for Chinese open-source AI revenue
Former Kimi tech boss switched careers to AI dating and won 10 million VCs
Kimi-maker Moonshot AI targets $2 billion in annual revenue
China AI Star Moonshot Eyes $2 Billion Annualized Sales in 2026
Moonshot, DeepSeek secretly routed user requests to Claude, Anthropic claims
Anthropic details distillation campaigns from Alibaba, Moonshot AI, and DeepSeek
Kimi deploys enterprise business and IT service providers to push AI front-end deployment
Chinese AI firm Moonshot to explore dual Hong Kong and Shanghai IPOs, SCMP reports
DeepSeek says new Flash AI model beats Kimi K3 on cyber, coding benchmarks
Exclusive | Moonshot AI considers dual listings in Hong Kong and Shanghai: sources
Kimi maker Moonshot AI to explore dual Hong Kong and Shanghai IPOs to boost capital: sources
China Probes DeepSeek, Moonshot Over Potential Data Leaks to Anthropic
Two tokens to make Kimi “Claude”? Former Google DeepMind researcher accidentally crashes into the distillation cloud of China's big model
China’s Moonshot and Z.ai bring AI model subscription race to Tmall’s retail shelves
🗞️ByteDance's $30B Loan, Moonshot's IPO Filing, and China's Hottest AI Chip Debut Yet
Rumor is that the iPhone 18 Pro will only increase by $100; Kimi, MiniMax will open a store in Tmall; OpenAI responds to Agent attack on German websites
Chinese AI startup Moonshot has filed for IPO: sources
The 33-Year-Old AI Hotshot Taking Silicon Valley Swagger Back to Beijing
A profile of Moonshot AI CEO Yang Zhilin, who chose to build his company in Beijing rather than Silicon Valley; Moonshot's open-weight Kimi model has gained global traction and is reshaping competitive dynamics in the international AI market.
Moonshot AI – creator of Kimi K3 model – has filed for Hong Kong IPO: sources
Moonshot AI Files Confidentially for Hong Kong IPO
On the wisdom spectrum, Taobao and Kimi looked for Microsoft, and the big models began to earn money seriously.
Claude Desktop Stolen Beam Replacement: Opus 5 Slot Running Kimi K3 Ollama Local Agent Breaks Through Anthropic Wall
Chinese AI Labs Alibaba and Moonshot Bet on Free Models Now, Fees Later
Tencent Touts New AI Model It Claims Outperforms Z.AI, Moonshot
China's Moonshot AI plans Hong Kong IPO as Kimi K3 shocks Silicon Valley
Moonshot AI is preparing a Hong Kong listing within six months, targeting a valuation as high as $50 billion, after its open-weight Kimi K3 model triggered a fresh 'DeepSeek moment' in global markets.
Exclusive: China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing
Moonshot is negotiating with Microsoft, Amazon and Google to host its Kimi K3 model on their clouds in exchange for up to a 30% revenue share, a deal that would be the first of its kind between a Chinese AI firm and a major US cloud provider.
Kimi Price Increase, OpenAI Price Reduction: China's "Earth AI" Impacts America's "Mountain King"
Mutiny, OpenAI's own son actually chose Kimi K3
OpenAI-backed legal tech firm pivots to Chinese Kimi K3 open-weight model
The strict father of closed source RSI: 18 Agents conduct independent scientific research, and Kimi K3 relies on Harness to approach Opus 5
US vs China AI Race: How ChatGPT, Gemini, Deepseek, Kimi Agents Compare
Why China's DeepSeek, Qwen and Moonshot Are a Worry for US AI Rivals
After Kimi K3: Open source or closed source, that is the question
Home province of DeepSeek, Moonshot founders seeks to retain future AI talent
The daily salary of AI giant interns is revealed. Anthropic exceeds 5,000 yuan. Kimi’s salary ranks only in the fourth echelon.
From DeepSeek, Kimi to the "Huang Renxun Alliance": Open source AI models, what exactly is "opening"? _Wonderful videos presented to you
SpaceXAI debuts Grok 4.6, overtaking Kimi K3's performance and vaulting to the world's fourth best on Artificial Analysis
Moonshot AI’s Kimi K3: A New Contender in the US-China AI Race: Podcast
"If you say Harness will be eliminated, you must have never done engineering." Kimi, the former CLI head, exposed the biggest misunderstanding in the AI circle
Moonshot AI's CEO turned down Apple and built Chinese rival to Anthropic
The wave of Chinese AI companies going public is about to begin. Kimi K3 surged by US$15 billion in two weeks, boosting the valuation of Dark Side of the Moon to exceed US$50 billion.
Kimi K3 is also out of control...Xueba AI escapes from the sandbox just to find answers
Chinese startup Moonshot's AI model breaks out of testing environment, researchers say
Chinese AI model Kimi escaped its cybersecurity testing environment, researchers say
China’s Kimi K3 AI model escapes isolated sandbox during security test: researchers
China’s Kimi K3 AI model escapes a closed cyber test: researchers
Su Shen Review Kimi K3: What key technical choices are hidden behind 896 experts?
China's weekly call volume for large models reaches the top of the world, Kimi K3 triggers price war
China’s Moonshot AI seeks US$50b round as year-end Hong Kong IPO eyed: sources
Can 8GB of memory also run Kimi K3? 2026 Complete Guide to Configuration of Large Models for Local Deployment
The Kimi K3 that can only run with 16 B200s can only be installed with 8 AMDs.
The time difference between Kimi K3 and DeepSeek V4 is the native multi-modality
We used Kimi K3 to make a Hokage Rasengan and support a front-end team for only 129 yuan?
🗞️CXMT Soars 472% in Record Shanghai IPO, Kimi K3's Open Weights, and DeepSeek's Viral Investor Notes
Alibaba Offers New Flagship Model at Lower Prices Than Kimi K3
Kimi financing shareholders now have a lineup of state-owned assets, and the capital structure of domestic large-scale models is accelerating the reconstruction
Galaxy Securities: Kimi K3 is officially open source to reshape the large-scale business ecosystem. It is recommended to pay attention to domestic super nodes and industry chain related companies.
US lawmakers investigate DoorDash’s use of Moonshot AI’s Kimi K2.6 model
Moonshot's Kimi Built With Nvidia Compute
Moonshot’s Kimi Built on 20,000 Nvidia Chip Cluster From Alibaba
Who is training Kimi K3? Dig deeper into the list of contributors for the most complete archive
Five rounds of financing in half a year accelerate listing: Dark Side of the Moon Kimi K3 is reshaping the AI game landscape between China and the United States
Canva Drawable has officially launched MCP capabilities, and is the first batch to be connected to AI Agents such as Kimi.
With Moonshot’s free Kimi K3, China changes the sovereign AI playbook
Kimi completed the F round of financing exceeding US$3.5 billion. Domestic models are expected to penetrate into high-value scenarios
Kimi K3 reveals a lot of secrets, but the most important Infra is difficult to copy
8:01 Krypton丨Over 1,100 AI company employees jointly petitioned the US government; Tao Su got a false crown after eating it? Sam and Luxihe responded; Dark Side of the Moon Kimi has completed over US$3.5 billion in Series F financing
Why Moonshot's Kimi K3 Matters Beyond China
Global quest: China’s Moonshot AI seeks ambassadors to expand Kimi’s influence
Chinese AI start-up Moonshot seeks influential ambassadors to widen Kimi’s global reach
China’s Moonshot AI Passes Funding Goal to Hit $35 Billion Value
Kimi K3 stirs up a storm, is Huang Jen-Hsun the ultimate winner?
Kimi K3 open weight: Can the technical report respond to Claude’s distillation doubts?
Jiuzhang Yunji Alaya Token completed Kimi K3 adaptation, and the world’s first open source 3T-level model settled in the Token factory
T Morning News｜Apple’s market value reaches US$5 trillion; the open-source and closed-source debate resumes: Kimi K3 is officially open source; xAI sues Minnesota to ban “one-click undressing app”
8:01 Krypton | South Korea is considering capping "borrowing money to speculate in stocks" at 20%; Lei Jun's new Changxin Technology has a floating profit of 700 million? Xiaomi executives respond; Dark Side of the Moon Kimi K3 is officially open source
Chinese AI Startup Moonshot Seeks More Nvidia Blackwell Chips for Next Model
The open-source and closed-source debate resumes: Kimi K3 is officially open source and Anthropic refuses to sign a joint letter in support of the open source model
Kimi K3 and Unlimited OCR rank among the top two in the world, and Chinese open source models continue to dominate overseas markets
Moonshot’s Kimi K3 triggers debate over US bans on Chinese open source models
Kimi K3: China's open-source model makes Silicon Valley a bit unbearable
The supercomputing Internet AI community launched Kimi K3 related models and API calling services
As soon as Kimi K3 was open sourced, Anthropic finally stopped installing it.
Kimi K3 releases a 47-page technical report, the most valuable innovations are these
From DeepSeek to Kimi K3: Domestic AI cannot escape the law of "heavy industrialization of computing power"
Jen-Hsun Huang, Kimi K3, and the Coming Open Source War
Dark Side of the Moon Kimi K3 is officially open source
Alibaba Cloud Zhenwu Super Node Day0 adapts to the Kimi K3 large model, and the two parties launch domestic computing power cooperation
Alibaba Cloud Zhenwu super node adapts to Kimi K3
Kimi K3's deployment capabilities break through the NVIDIA ecosystem and complete the prototype design of 45nm inference chips
Changxin Technology has made wealth in batches: 12 core members have a net worth of over 100 million, but Country Garden has sold out and lost 49 billion; the power outage and lockout of the Hello tram while riding caused a tenth-level disability to the doctor; The Dark Side of the Moon open-sourced the Kimi K3 model
The Dark Side of the Moon opens up the Kimi K3 model with 2.8 trillion parameters; NVIDIA takes the lead in establishing the Open and Secure AI Alliance; QQ Pets announces its return and accesses the Hunyuan large model | Geeks Already Know
What Is Moonshot AI’s Kimi K3 Model and Why Is It Making Waves?
Just now, Kimi K3 was open sourced, with 2.8 trillion parameters hitting the world. Silicon Valley giants were dumbfounded.
Moonshot Sells the Right to Say No
Kimi released the 2.8 trillion parameter K3 model and topped the programming list. The pricing controversy triggered the industry’s thinking on the pricing power of SOTA models.
Kimi K3's full weights are here, but they're 'open' with a caveat: What enterprises should know
Moonshot, DeepSeek and chips: a guide to Tencent’s growing AI empire
China’s Moonshot to Release Breakthrough AI Model for Download
Liang Wenfeng was dissatisfied with the leakage of meeting minutes, and DeepSeek's second round of financing was urgently suspended; Tesla acquired an AI hardware company for US$2 billion; Dark Side of the Moon Kimi K3 celebration photos leaked
What is the risk of using Chinese open AI models like Kimi K3?
Dark Side of the Moon Kimi K3 celebration photos leaked, Zhang Yutong appeared and shouted the slogan "Reach for the moon"
🗞️Kimi K3 Rattles Silicon Valley, Moonshot's $50B Pre-IPO Sprint and a Rogue OpenAI Model Stopped by Chinese AI
Yang Zhilin, the rock star founder behind China’s Moonshot AI
GPT Weekly Report｜China’s independently developed AI large model has been downloaded globally more than 10 billion times; the U.S. Department of the Treasury threatened to sanction the Chinese model but was opposed by Silicon Valley; Kimi announced the suspension of new user subscriptions due to a shortage of computing power
China’s Kimi K3 well behind US rivals in cyberattack ability, study shows
Kimi K3 is open source, and the American AI community is in anxiety
Beyond Kimi K3, the first battle between open and closed source
Kimi K3, has torn apart Silicon Valley
Dark Side of the Moon Kimi K3 tops the open source model list, suspends new user subscriptions and launches Pre-IPO due to pressure on computing power
Kimi K3 tops the global code list. Can China's big models lead the new era of AI? | Night talk
Financial Night Line 0723丨Domestic large-scale model Kimi K3 reaches the top. How can it gain recognition from global giants through hard power?
Moonshot AI accessed Nvidia's chips despite Chinese export ban, White House official says
Trump tech official accuses China’s Moonshot AI of stealing from Anthropic
AI experts blast US claims of ‘IP theft’ by Moonshot’s Kimi K3
Experts say exploiting Anthropic’s Fable isn’t how Kimi K3 got so good
What is China’s Kimi K3 and why is the US so rattled by it?
How hot is Kimi K3, how urgent is the computing power and capital of the dark side of the moon
The White House personally "besieged" Kimi K3, and everyone in the comment area opposed it?
Cost dropped by 90%! It turns out that Kimi K3 can still play like this when stacking Claude Code
Kimi K3 has been unveiled in advance? The mysterious model "Kivine" appears, stunning the world with its millions of contextual capabilities
US officials threaten to sanction Chinese AI startups after Moonshot release
China's Moonshot AI stole from Anthropic, Trump tech adviser says
The model launches an attack independently, and OpenAI encounters the first out-of-control evaluation accident in history; The Dark Side of the Moon responds to the question of "Kimi Distillation": there is no distillation replica; Apple iPhone 18 series has been mass-produced丨Leifeng Morning News
Kimi K3 announced that the number of user requests in two days exceeded expectations and suspended new user subscriptions on the C side.
U.S. Investigates Chinese AI Companies’ Access to Chips Amid Moonshot Accusations
Exclusive interpretation丨OpenAI cuts flesh and Kimi fights, how will AI programming fare in the second half?
Chinese startup Moonshot AI unveils new model, closing performance gap with U.S. rivals
China’s Moonshot AI accelerates fundraising push ahead of planned IPO: source
Kimi K3 summit, dark side of the moon and astronomy class notes
Kimi K3 Moment: Will the narrative of the AI industry chain in China and the United States change?
Reproduce the "DeepSeek moment"? Wall Street said: Kimi K3 will strengthen the demand for computing power
Kimi K3 detonates "civil war" in Silicon Valley: OpenAI executives propose to use regulations that "do not have to have sufficient basis" to lock down China's open source
Kimi K3, who’s nervous?
Exploring the Dark Side of the Moon Kimi: After K3, what will happen to computing power, open source and commercialization?
The storage concept of US stocks is exploding across the board! Wall Street calls for sticking to AI hardware stocks: Kimi K3 will generate new demand
National Supercomputing Internet launches Kimi K3 API service
Let’s talk about the large model kimi k3, the Chinese version of the new collaborative paradigm of “model + enterprise service”
China’s Kimi K3 calls US safety curbs on top AI models into question
Another ‘DeepSeek moment’? What China’s Kimi K3 means for the global AI industry
Kimi K3爆火引发“算力荒”，“不着急上市”的杨植麒急了？
Most like DeepSeek's Kimi K3 without duplicating a critical hit
Dark Side of the Moon releases Kimi K3 open source model, API price increases 3 times, membership system adjustment causes controversy
OpenAI executives blasted Kimi K3: China's open source is slowdown and will inhibit capital investment; Tencent plans to acquire Israeli casual mobile game manufacturers for more than 10 billion; DeepSeek is exposed to the high salary supporting scoring mechanism
CITIC Construction Investment: Dark Side of the Moon releases Kimi K3 and is optimistic about the domestic AI industry chain
Kimi’s revelation on Musk’s bar: Big models don’t have a moat, but model companies do
What the New Kimi K3 Model Really Means for the U.S.-China AI Race
🌝Moonshot AI’s High-Stakes Bet: Inside Kimi K3 and the Shift in Chinese AI Strategy
Dark Side of the Moon suspended new user subscriptions due to the popularity of Kimi K3, and the computing power bottleneck became prominent
Quick take on Kimi K3 and the end of "DeepSeek moments"
Overseas star companies were exposed as "shelling" Kimi, and domestic open source has gradually become the backbone of global AI
Overseas Research and Selection Daily 0720 | Goldman Sachs: Kimi K3 refreshes China’s model pricing ceiling, AI competition shifts to intelligence and commercialization
The first actual test of Kimi K3’s investment research capabilities! Now equipped with AlphaEngineee
Kimi suspends subscription to verify AI commercialization demand explodes; ChinaSoft International signs Token sharing agreement soaring over 30%
China's Moonshot pauses Kimi subscriptions amid hot demand, IPO push
Moonshot AI’s Kimi K3 faces GPU crunch amid US-China tech rivalry
Why China’s open-weight AI model Kimi K3 is sparking anxiety in Silicon Valley
Kimi K3爆火，GPU先扛不住了
CITIC Construction Investment: Kimi K3 model reaches global Tier 1, domestic model reproduces DeepSeek moment
The release of Kimi K3 triggered a plunge in global AI stocks, and Wall Street's belief in the expansion of computing power was shaken
Yicai anchor said | So popular! Kimi K3 urgently suspends new user subscriptions on the C side
Kimi K3 went online for 48 hours: the model exploded, the GPU exploded, and membership sales were discontinued
🗞️Xi's First WAIC, Moonshot's Market-Rattling K3 and an $8.5B Memory-Chip IPO
Kimi K3 AI model completed chip design in 48 hours, causing shock in the EDA industry
T Morning Post | Kimi announced the suspension of new user subscriptions due to a shortage of computing power; SK Group Chairman Cui Taiyuan said that global semiconductor demand will increase by at least 50% next year; Shanghai humanoid robot pilot service platform released
Musk likes the Kimi K3 large model; Qianwen releases its first AI smart headset; Xiaomi reveals new progress in robots entering factories: 98% success rate in some scenarios is close to artificial intelligence丨AI Weekly Report
Moonshot’s Kimi Upends Conventional Wisdom on US Lead Over China
Dark Side of the Moon releases Kimi K3 model: 2.8 trillion parameters, excellent evaluation performance but shortcoming in speed
Kimi K3: Very strong, very expensive, and loves to show you off.
Kimi’s new model K3 hits the screen, and its coding score surpasses Fable 5
China's Moonshot AI claims Kimi K3 can rival OpenAI and Anthropic
Moonshot AI touts world’s largest open-source model as China closes gap with US
China’s Moonshot AI Releases Model to Challenge Top U.S. Systems
China’s Powerful New Moonshot AI Model Closes Gap With US Rivals
China’s Moonshot AI Adds More Fuel to Wall Street’s Chip Selloff
Chinese AI start-up Moonshot launches model challenging Anthropic’s lead
China’s Moonshot Delivers a New ‘DeepSeek’ Moment
Dark Side of the Moon fully open sourced Kimi K3! It topped the open source community trend list in 30 minutes. Domestic and foreign cloud vendors collectively announced Day0 adaptation
打败Fable 5！Kimi K3冲上第一，杨植麟导师很骄傲
Yicai anchor said | Refresh the world record! Kimi K3, the open source model with the world’s largest parameters, debuts, and concept stocks are active
Tested Kimi K3 overnight and suggested changing its name to Kable
Kimi releases 2.8 trillion parameter model K3, saying it is the largest open source model
China's Moonshot unveils world's largest open AI model, closing in on US rivals
Kimi officially releases K3 large model with advanced capabilities; 123,800 units, Xpeng MONA L03 is set to break 40,000 units; OpenAI launches AI keyboard | Geeks already knew
Dark Side of the Moon Kimi K3 is online! It is the world’s largest open source model, supporting visual understanding and 1 million token contexts.
The high-priced Kimi K3, the dark side of the moon that is short of money
Dark Side of the Moon will launch new model Kimi K3
Moonshot’s upcoming Kimi 3 is expected to close the gap with Anthropic’s Opus 4.8
China’s Moonshot AI releases Kimi K3, the largest open-source model ever, rivaling top U.S. systems
Kimi releases the world's largest open source model, and the popularity of domestic large models is expected to continue to rise
Chinese AI usage by US firms surged after Anthropic export curbs
US export controls on Anthropic's Claude Mythos and Fable models pushed American companies toward cheaper Chinese open-source alternatives; Chinese model token usage nearly doubled in the last week of June.
AI-native credit card Kimi credit card finalized deals with American Express and Agricultural Bank of China
Another function of Doubao is offline, and "application generation" has stopped serving; Kimi's first AI-native credit card has finalized American Express and Agricultural Bank of China; MiniMax completed HK$16 billion in equity financing丨AI Weekly Report
In the second half of Domestic Big Model, Kimi crossed the river touching Anthropic
How good is Kimi K2.7 Code? Find bugs, write a 3D game, and cut off 55% of the 2,000 lines of code
Github Copilot connects to the open source model Kimi K2.7
Kimi raised US$3.9 billion in half a year: the large model industry has turned into a capital-heavy survival race
Dark Side of the Moon Huang Zhenxin: Kimi’s goal is to compete with three overseas models
The No. 1 cloud computing guy made Xiaopeng, Kimi and Cheetah happy
Can Open-Source Beat OpenAI? Inside China's AI Cost Advantage
Former Hugging Face Asia-Pacific head Tiezhen Wang argues China's open-source labs — DeepSeek, Kimi, MiniMax, Zhipu — hold a structural cost and monetization advantage over closed US models, and are pulling enterprise customers at scale as US model access tightens.
👐🏻As Anthropic Tightens Access, Chinese AI Labs Open Their Models
How MiniMax, Zhipu, and Moonshot capitalized on the sudden U.S. ban on Anthropic's Mythos & Fable models by releasing M3, GLM-5.2, and K2.7-Code.
Zhuimi will launch an AI mobile phone without APP: it is expected to be released in September, and the product will be priced at more than 5,000 yuan; Kimi cooperates with a state-owned bank, and the world’s first AI-native credit card is open for reservation | AI Weekly Report
Kimi cooperates with a state-owned bank to open the world's first AI-native credit card for reservations
30 billion US dollars, 300 agents, Kimi publicly predicted the World Cup: not afraid of being slapped in the face
300 Agents predict 104 games: Kimi launches AI public experiment with World Cup
Moonshot AI eyes US$30 billion valuation as China’s AI race intensifies
China’s Moonshot AI Seeks $30 Billion Value in New Funding Talks
Dark Side of the Moon Kimi Work opens public beta AI application is expected to usher in a commercialization turning point
Kimi launches desktop product Kimi Work, positioning itself as a universal local agent
Chinese AI Companies Just Had Their Payday
DeepSeek, Moonshot AI, and StepFun are collectively raising billions in fresh capital, marking the largest funding wave yet for China's frontier AI labs.
The founder of Dark Side of the Moon Kimi published an article in the People’s Daily: Let China’s big models become the base of global innovation
Byte, Kimi, and Wenxin launched payment at the same time, and China’s AI applications quietly completed a paradigm shift
China’s Moonshot AI raises $2B at $20B valuation as demand for open source AI skyrockets
Kimi K2.6 runs agents for days — and exposes the limits of enterprise orchestration
DeepSeek and Moonshot: The AI Labs That Refuse to Be Normal
In-depth profiles reveal the unusual internal cultures of DeepSeek and Moonshot AI — labs that deliberately resisted the hypergrowth playbook in favor of research-first discipline.
Cursor admits its new coding model was built on top of Moonshot AI’s Kimi
China’s MiniMax, Moonshot top AI token use ranking, ending year of US dominance
Compact AI model from China’s StepFun outshines rivals from DeepSeek, Moonshot
新一代开源模型Kimi K2.5来了，更智能，更全能，更高效！
How Moonshot's Kimi K2.5 helps AI builders spin up agent swarms easier than ever
China’s Moonshot releases a new open source model Kimi K2.5 and a coding agent
Large model differentiation: Zhipu and MiniMax go to the left, Kimi goes to the right!
Kimi K2 Thinking: The $4.6M Model Shifting AI Narratives
Moonshot AI's new reasoning model challenges prevailing assumptions about open vs. closed AI, US-China competition, and training costs — built for just $4.6M yet rivaling frontier models.
Alibaba-backed Moonshot releases its second AI update in four months as China’s AI race heats up
Moonshot's open source Kimi K2 Thinking outperforms GPT-5, Claude Sonnet 4.5
Moonshot’s Kimi K2 soars in popularity amid experts’ praise for Chinese AI
Kimi K2: Smarter Than DeepSeek, Cheaper Than Claude
Moonshot AI's Kimi K2 is a 1-trillion-parameter open-source MoE model that outperforms DeepSeek on coding and math benchmarks while offering API costs significantly below Claude Sonnet.
Alibaba-backed Moonshot releases new Kimi AI model that beats ChatGPT, Claude in coding — and it costs less
China's Moonshot AI releases open-source model to reclaim market position
Moonshot's Kimi K2 challenges OpenAI
DeepSeek-R1 and Kimi k1.5: How Chinese AI Labs Are Closing the Gap with OpenAI's o1
DeepSeek-R1 and Moonshot's Kimi k1.5 both demonstrate frontier reasoning capabilities via large-scale reinforcement learning, signaling China has meaningfully closed the gap with OpenAI's o1.
OpenAI's o1 Faces Competition: DeepSeek-R1-Lite, Moonshot's k0-math, and Alibaba's Marco-o1
Three Chinese AI labs simultaneously released reasoning models challenging OpenAI's o1 — the most competitive wave of concurrent model launches yet seen from China's AI ecosystem.
Moonshot AI narrows gap with Baidu’s Ernie Bot as chatbot rivalry heats up
China's Moonshot AI zooms to $2.5B valuation, raising $1B for an LLM focused on long context
Yang Zhilin
杨植麟
Founder & CEO
Zhang Yutao
张宇韬
Co-Founder & CTO
Zhang Yutong
张予彤
Co-Founder & President
Reference Table
All Models
Compare models across all 43 Chinese AI companies
Company ↕
Model ↕
Type ↕
AA Score ↕
Released ▼
Context ↕
Input ↕
Output ↕
Alibaba
Ovis-VL-Embedding-2B
Open
Compact embedding model init. from Qwen3.5-2B for constrained serving; Apache 2.0
Multimodal
—
2026-09-26
—
—
—
Meituan
LongCat-2.5-Preview
Closed
1.6T/48B-active MoE; adds native image understanding to LongCat's coding/agent strengths; API preview only, no open weights yet, free via OpenCode
Multimodal
—
2026-09-25
1M
$0.30/1M tokens
$1.20/1M tokens
AlibabaUniversal text/image/doc/video/audio embedding model (Alibaba ATH MaaS), init. from Qwen2.5-Omni-3B; Apache 2.0, weights open-sourcing soon
Multimodal
—
2026-09-23
—
—
—
Ant Group6B text-rich design image model, native RGBA output, #1 open-weight model on Artificial Analysis UI/UX leaderboard; MIT license. Flagged by @AdinaYakup — not on tracked company list
Image Gen
2026-09-22
—
—
—
Tencent
Hy Image 3.5 Preview
Closed
Professional image-gen preview, 30% higher human-eval win rate vs Hy Image 3.0; on par with Seedream 5.0 Pro; API-only, $0.024/image
Image Gen
2026-09-22
—
—
—
Xiaomi
MiMo-V2.6-Flash
Open
309B/15B MoE high-throughput omnimodal variant; MIT license
Multimodal
—
2026-09-22
1M
$0.14/1M tokens
$0.28/1M tokens
Xiaomi
MiMo-V2.6-Pro
Open
102B/42B MoE omnimodal flagship; ties Grok 4.7 on Artificial Analysis Intelligence Index, beats Claude Opus 5 on key benchmarks; MIT license
Multimodal
46/100
2026-09-22
1M
$0.435/1M tokens
$0.87/1M tokens
Alibaba
Qwen-Image-2.1
Open
7B open-weights unified text-to-image + editing model; native transparent (RGBA) output; up to 10 reference images
Image Gen
2026-09-20
—
—
—
StepFun
Step 5 Preview
Closed
600B MoE (27B active) flagship agent model for coding, finance, knowledge work; weights scheduled to open Oct 15
reasoning
2026-09-20
1M
$1.0/1M tokens
$2.7/1M tokens
Shengshu Technology
Vidu S2
Closed
Real-time interactive digital-character model (resolution up to 720p from 540p in S1) plus real-time video-editing model; also previewing VR spatial video generation; credit-based API pricing (~$0.05/credit)
Video Gen
2026-09-15
—
—
—
DeepSeek
DeepSeek-V4.1-Flash
Open
New Causal Encoder-Decoder architecture (552B MoE, 8B/16B active); claimed to beat flagship V4-Pro on performance/cost/speed; replaces V4-Pro in routing from Sept 14
Multimodal
39/100
2026-09-10
1M
$0.15/1M tokens
$0.6/1M tokens
Ant Group
Ling-3.0-flash-VL
Open
124B total/5.5B active MoE native image+video multimodal model (understand→reason→act→verify); MIT licensed; flagged by Adina Yakup, org not in the original company list
Multimodal
25/100
2026-09-09
1M
—
—
ModelBest
MiniCPM5-2B
Open
2.5B-param on-device/edge model for agentic use (PCs, phones, robotics, IoT); trained with RL+OPD merging 16 expert models; beats larger Qwen3.5-4B on average score; Apache 2.0
Text
—
2026-09-09
128K
—
—
XiaomiEmbodied world model with sequence variants for modeling continuous interactions; Apache 2.0; caught via Adina Yakup/HF tracking
Embodied
2026-09-08
—
—
—
Xiaomi
MiMo-X-Flash-Preview
Closed
Smaller/faster sibling of MiMo-X-Pro-Preview in Xiaomi's new agentic MiMo-X series; invite-only preview
Text
—
2026-09-08
1M
—
—
Xiaomi
MiMo-X-Pro-Preview
Closed
Next-gen agentic foundation model (~1T total/42B active MoE) for long-horizon task execution and tool use; invite-only preview via MiMo Desktop app; company claims performance near Claude Opus 4.6 in agent scenarios
Text
—
2026-09-08
1M
—
—
iFlyTek
Spark X2.5 (293B)
Closed
293B-param (293B-A30B MoE) flagship base model trained entirely on domestic compute; upgraded coding/agent capability; API-only via Xingchen platform, not open-weighted
Text
—
2026-09-07
1M
—
—
Ant GroupInteractive image/video-to-video world model small enough to run on a single consumer GPU; caught via Adina Yakup/HF tracking, not the per-company search
Embodied
2026-09-05
—
—
—
Alibaba
Qwen-Drive-1.0-4B
Open
First open-weight VLM foundation model for autonomous driving; unifies 3D perception, driving VQA, and motion planning on a Qwen3.5-4B backbone; Apache 2.0
Embodied
2026-09-04
—
—
—
Ant Group
Ling-3.0-flash-Fin
Open
Finance-tuned build of Ling-3.0-flash for investment/agent workflows; 124B total/5.1B active, MIT license; already being quantized for llama.cpp
Text
23/100
2026-08-27
256K
—
—
Tencent
Hy4-preview
Open
770B total/49B active MoE flagship with Gated DeepSeek Sparse Attention; beat GLM-5.3 and Kimi K3 in Tencent's internal blind eval; pitched as open-source coding/agent frontier
Text
—
2026-08-27
1M
$0.83/1M tokens
$2.5/1M tokens
Alibaba
Qwen-3.8-Next
Open
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)
GLM-5.3-Flash
Open
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
42/100
2026-08-26
1M
$0.075/1M tokens
$0.25/1M tokens
DeepSeek
DeepSeek-V4-Flash-Vision-Exp
Closed
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
SenseTimeOpen-sourced 8B unified any-to-any model with native 4K image generation and improved editing
Multimodal
—
2026-08-21
32K
—
—
Alibaba
Qwen3.8-27B
Open
27.78B dense model, Apache 2.0, text/image/video input, agent/coding gains over Qwen3.6-27B
Multimodal
34/100
2026-08-14
262K
$0.40/1M tokens
$3/1M tokens
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
34/100
2026-08-14
1M
$1.40/1M tokens
$4.40/1M tokens
MiniMax
MiniMax-Music3
Open
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
—
DeepSeek
DeepSeek-V4-Pro-0813
Open
GA release of flagship (was in preview since April); 1.6T total/49B active MoE, agentic gains
Text
36/100
2026-08-13
1M
$0.435/1M tokens
$0.87/1M tokens
Alibaba
Wan2.2-Animate-2-14B
Open
Faster/distilled 14B character-animation & replacement model from Tongyi Lab, Apache 2.0
Video Gen
2026-08-07
—
—
—
Alibaba
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
—
—
—
Ant Group
Ling-3.0-Tiny
Open
Lightweight hybrid-reasoning MoE, 7.9B total/1.3B active, runs on Apple Silicon & NVIDIA DGX Spark
Text
15/100
2026-08-06
262K
—
—
ByteDance
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
—
—
—
Alibaba
Qwen-Image-3.0-Pro
Closed
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
XiaomiVLA 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
—
—
—
Alibaba
Qwen3.8-Max
Open
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
45/100
2026-08-03
1M
$2.00/1M tokens
$6.0/1M tokens
RedNote (Xiaohongshu)
dots3-Note Preview
Open
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
—
—
ByteDance
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
—
—
—
MiniMax
H3 (Hailuo H3)
Closed
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
—
—
—
DeepSeekPublic-beta API release; retrained V4-Flash beats DeepSeek's own larger V4-Pro-Preview on all 9 published agent/coding benchmarks
Text
34/100
2026-07-31
1M
$0.14/1M tokens
$0.28/1M tokens
SenseTimeLightweight 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
—
—
—
Huawei
openPangu-2.0-Pro
Open
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
—
—
Alibaba
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 Group
Ling-3.0-Flash
Open
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
25/100
2026-07-23
256K
$0.021/1M tokens
$0.063/1M tokens
Alibaba
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
—
—
—
Tencent
Hy-Embodied-VLA-0.5
Open
Vision-language-action model trained on 10,000+ hours of data, deployable across different robot platforms
Embodied
2026-07-19
—
—
—
Tencent
Hy-Embodied-VLM-1.0
Open
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
—
—
—
TencentReasoning engine for embodied cognition: joint language-visual reasoning, world-state prediction, subgoal planning; ships with open RxBrain-Bench
Embodied
2026-07-19
—
—
—
SenseTime
SenseNova-U1 Pro
Closed
Unifies seeing, generating, acting via NEO-unify architecture; native 8K output; debuted at WAIC 2026
Multimodal
—
2026-07-19
—
—
—
Kunlun 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 Tech
Matrix-Game 3.5
Closed
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
—
—
—
ModelBest
MiniCPM-RobotTrack
Open
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
—
—
—
ModelBest
MiniCPM-RobotManip
Open
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
—
—
—
WeRide
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
—
—
—
Unisound
U2-Med
Closed
First tri-medical LLM spanning healthcare, insurance and pharma; built on U2 foundation model
Multimodal
—
2026-07-17
—
—
—
Moonshot AI
Kimi K3
Open
Flagship model, 2.8T total parameters, strong coding and agent capabilities, open weights by July 27
Multimodal
44/100
2026-07-16
1M
$3.00/1M tokens
$15.00/1M tokens
Ant Group
LingBot-VA 2.0
Open
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 Group
LingBot-World 2.0
Open
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
—
—
—
Alibaba
RynnWorld-4D
Open
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 Group
LingBot-VLA 2.0
Open
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 Group
LingBot-Vision
Open
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 Group
LingBot-Depth 2.0
Closed
Next-gen monocular depth model paired with LingBot-Vision; claims to roughly halve robotic depth-estimation error in challenging scenarios
Embodied
2026-07-07
—
—
—
Tencent
Hy3 (Hunyuan 3.0)
Open
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
25/100
2026-07-07
256K
$0.18/1M tokens
$0.60/1M tokens
Shengshu 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)
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
MiniMax
MiniMax-M3
Open
428B params (23B active); 1-million-token context window; novel attention mechanism called MSA; native multimodality
Multimodal
29/100
2026-06
1M
$0.30/1M tokens
$1.20/1M tokens
Moonshot AI
Kimi-K2.7-Code
Open
1T total params / 32B active, 384 experts, ~30% lower reasoning-token usage vs K2.6
Code
26/100
2026-06
256K
$0.95/1M tokens
$4.00/1M tokens
StepFun
Step 3.7 Flash
Open
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
Meituan
LongCat-2.0
Open
1.6T para + MoE; trained on 50,000 domestic Chinese chips; next-gen flagship
Text
19/100
2026-06
1M
$0.75/1M tokens
$2.95/1M tokens
XPeng
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
—
—
—
Alibaba
Qwen3.7-Max
Closed
Flagship closed-source reasoning model. Ranked #1 on Artificial Analysis Intelligence Index (29/100) 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
29/100
2026-05
1M
$2.50/1M tokens
$7.50/1M tokens
Baidu
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 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
—
—
—
ModelBest
MiniCPM-V 4.6
Open
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
—
—
ModelBest
MiniCPM5-1B
Open
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)
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
MiniMax
MiniMax-M2.7
Open
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 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
DeepSeek
DeepSeek-V4-Pro
Open
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
DeepSeek
DeepSeek-V4-Flash
Open
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
Baidu
ERNIE-Image
Open
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 Group
Ring-2.6-1T
Open
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 Group
Ling-2.6-1T
Open
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
17/100
2026-04
262K
$0.075/1M tokens
$0.625/1M tokens
Ant Group
Ling-2.6-flash
Open
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
Tencent
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
Xiaomi
MiMo-V2.5-Pro
Open
1.02T MoE, 42B active; KV-cache reduced ~7×; latest generation
Text
26/100
2026-04
1M
$0.0036/1M tokens
$0.087/1M tokens
AGIBot
Genie Operator-2 (GO-2)
Closed
AGIBot's new-generation embodied foundation model, powering autonomous manipulation and locomotion across its AGIBOT A2 and X2 robot lines.
Embodied
2026-04
—
—
—
Xiaomi
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 Robotics
UnifoLM-VLA-0
Open
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 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 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 Tech
Matrix-Game 3.0
Closed
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
—
—
—
ByteDance
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
ByteDance
Seedream 5.0 Lite
Closed
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
—
ByteDance
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
—
—
—
Alibaba
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)
—
—
Alibaba
Qwen3-Coder-Next
Open
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)
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
MiniMax
MiniMax-M2.5
Open
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
Baidu
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 Group
LingBot-VLA
Open
Open-source VLA foundation model trained on ~20,000 hours of real-world dual-arm robot data across 9 embodiments
Embodied
2026-02
—
—
—
Ant Group
Ring-2.5-1T
Open
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 Group
Ming-flash-omni-2.0
Open
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 Group
LLaDA-2.1-flash
Open
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 AI
Baichuan-M3
Open
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.com
JoyAI-LLM-Flash
Open
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 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
DeepSeek
DeepSeek-OCR-2
Open
3B visual OCR model with document-to-markdown conversion, layout-aware grounding, and dynamic resolution. 1.66M monthly downloads.
Multimodal
—
2026-01
—
—
—
Tencent
HunyuanImage 3.0
Open
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
—
—
—
Meituan
LongCat-Flash-Lite
Open
68.5B MoE, 2.9–4.5B active; fast and efficient
Text
—
2026-01
256K
—
—
AIsphere
PixVerse R1
Closed
Real-time world model; 1080p, <15s latency, physics-aware, infinite temporal continuity
Video Gen
2026-01
N/A
—
—
SenseTime
SenseNova V6.5 Omni
Closed
Real-time multimodal streaming model. Powers SenseChat's live audio/video interaction. Successor to V6 Pro.
Multimodal
—
2026-01
—
—
—
LimX Dynamics
FluxVLA Engine
Closed
LimX's Vision-Language-Action embodied-AI engine powering autonomous manipulation and locomotion on its humanoid and legged robots.
Embodied
2026
—
—
—
DeepSeek
DeepSeek-V3.2
Open
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
Kuaishou
Kling I2V 2.0
Closed
Image-to-video with industry-leading subject preservation
Multimodal
—
2025-12
N/A
$0.16/video (5s)
—
Xiaomi
MiMo-V2-Flash
Open
309B MoE, 15B active; trained on 27T tokens; open-source release
Text
22/100
2025-12
N/A
$0.01/1M tokens
$0.30/1M tokens
AIsphere
PixVerse V5.5
Closed
Text/image-to-video; HD output, multiple aspect ratios, character consistency
Video Gen
2025-12
N/A
—
—
Tencent
Hunyuan3D 3.0
Closed
3D asset generation from text, image, or sketch input
3D Gen
2025-11
—
—
—
iFlyTek
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
—
—
—
MiniMax
MiniMax-M2
Open
230B MoE (10B active); interleaved thinking; open-source under Modified MIT; free API available
Agent
2025-10
1M tokens
—
—
Infinigence AI
Megrez2-3x7B-A3B
Open
MoE edge model: 3×7B experts, 3B active parameters. Open-weight, Apache 2.0.
Text
—
2025-09
—
—
—
Alibaba
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
—
—
—
ModelBest
MiniCPM-V 4.5
Open
8B multimodal model (Qwen3-8B + SigLIP2). Apache 2.0.
Multimodal
—
2025-08
—
—
—
Moonshot 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
MiniMax
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
MiniMax
Hailuo-02
Open
Physics-aware video generation; top-3 globally on VBench
Video Gen
2025-06
N/A
$0.06/video (5s)
—
Shengshu 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
—
Huawei
Pangu Ultra MoE (5.5)
Closed
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)
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
—
—
DeepSeek
DeepSeek-R1-0528
Open
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
Kuaishou
Kling 2.0
Closed
4K-capable video generation; advanced camera controls and scene coherence
Video Gen
2025-04
N/A
$0.16/video (5s)
—
Kuaishou
Kolors 2.0
Open
Upgraded photorealistic image model; open-source available
Image Gen
2025-04
N/A
$0.004/image
—
SenseTime
SenseNova V6 Pro
Closed
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 Tech
Skywork-OR1-32B
Open
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 360
360Zhinao3-7B
Open
Latest open-weight 360Zhinao generation (Base / Instruct / O1.5 long chain-of-thought reasoning variant). Free for commercial use.
Text
—
2025-04
32K
—
—
Baidu
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
Baidu
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
StepFun
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 AI
Baichuan-M2
Open
32B medical reasoning model (2025) built on Qwen2.5-32B with innovative Large Verifier System for real-world clinical reasoning.
Text
—
2025-01
—
—
—
ModelBest
MiniCPM-o 2.6
Open
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
—
—
—
Kuaishou
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 AI
Megrez-3B-Omni
Open
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 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 360
360Zhinao2-7B
Open
Second-generation 360Zhinao with Base and Chat variants at 4K / 32K / 360K context lengths.
Text
—
2024-11
360K
—
—
Baichuan AI
Baichuan4-Turbo
Closed
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 AI
Baichuan4-Air
Closed
MoE variant (PRI architecture) of Baichuan4. High performance at low cost for API deployments.
Text
—
2024-10
192K
—
—
01.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.AI
Yi-Coder
Open
Code model (Sep 2024); 1.5B and 9B variants; supports 52 programming languages; 128K context window.
Code
—
2024-09
128K
—
—
iFlyTek
Spark 4.0
Closed
Flagship LLM (Aug 2024). Claims comparable performance to GPT-4 Turbo on Chinese language benchmarks.
Text
—
2024-08
—
—
—
StepFun
Step-2
Closed
Very long context window; strong document understanding
Text
—
2024-07
256K
¥0.038/1K tokens
¥0.12/1K tokens
StepFun
Step-1X-Image
Closed
High-resolution image generation model
Image Gen
2024-07
N/A
¥0.04/image
—
01.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 360
360Zhinao-Search
Open
Retrieval + 1.8B reranking models that ranked #1 in the Retrieval and Reranking tasks of the C-MTEB leaderboard.
Embedding
2024-05
—
—
—
01.AI
Yi-VL-34B
Open
34B vision-language model (early 2024). Open-weight multimodal extension of Yi-34B.
Multimodal
—
2024-01
—
—
—
01.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 Tech
Skywork-13B
Open
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 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.com
ChatRhino (言犀)
Closed
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
—
—
Meituan
LongCat-Image
Open
Image generation model, ~6B params; data-quality focused; released Dec 2025
Image Gen
—
N/A
—
—
MeituanChain-of-thought reasoning variant of LongCat-Flash
Text
—
—
256K
—
—
Meituan
LongCat-Flash-Chat
Open
560B MoE, 27B active; open-source; 500K free tokens/day
Text
—
—
128K
—
—
WeRide
WeRide GENESIS
Closed
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.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
—
—
—
—
Unisound
UniGPT (Shanhai 山海)
Closed
60B+ parameter general large model (v5.0); underpins all Unisound vertical products. Medical, enterprise, and consumer deployments.
Text
—
—
—
—
—
Unisound
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
—
—
—
—
Unisound
U2-TTS / U2-TTS-Clone
Closed
Text-to-speech and voice cloning with full-duplex millisecond response. Available via Token Hub API.
Audio
—
—
—
—
Unisound
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
23 public · 20 private
23 public · 20 private
~$34.9B
AI startup funding
12 AI-native cos
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 170 rounds
ByteDance
PRIVATE
Valuation$600B
Total Raised~$42.21B+
AI ARR$4B
Alibaba
BABA / 9988.HK
Market Cap—
Cloud Revenue (FY25)¥158B
AI ARR¥10B
Zhipu AI (Z.ai)
2513.HK
Market Cap—
Total Raised$10.79B
AI ARR$1.6B
MiniMax
0100.HK
Market Cap—
Total Raised$2.17B
AI ARR$800M
Moonshot AI
PRIVATE
Valuation$35B
Total Raised~$8.2B+
AI ARR$1B
DeepSeek
PRIVATE
Valuation$50B
Total Raised$7.35B
AI ARR$1B
StepFun
PRIVATE
Valuation$10B
Total Raised$3.23B+
Last Round2026
Baidu
BIDU / 9888.HK
Market Cap—
ExchangeNASDAQ: BIDU · HKEX: 9888
Founded2000
Ant Group
PRIVATE
Valuation$79B
Total Raised$20.53B+
Last Round2020
Tencent
0700.HK
Market Cap—
Revenue (FY25)¥751.8B
Founded1998
Kuaishou
1024.HK
Market Cap—
ExchangeHKEX: 1024
Kling ARR$500M
Xiaomi
1810.HK
Market Cap—
Revenue (FY25)¥457.3B
Founded2010
Meituan
3690.HK
Market Cap—
Revenue (FY25)¥364.9B
Founded2010
AIsphere
PRIVATE
Valuation$2B
Total Raised~$669M+
Last Round2026
Unitree Robotics
688836.SS
Market Cap—
FY2025 Revenue¥1.71B
Founded2016
SenseTime
0020.HK
Market Cap—
Revenue (FY25)¥5.01B
Founded2014
Baichuan AI
PRIVATE
Valuation$2.7B
Total Raised$1.04B
Last Round2024
01.AI
PRIVATE
Valuation$1B
Total Raised$300M+
Last Round2024
Kunlun Tech
300418.SZ
Market Cap—
Revenue (FY25)¥8.2B
Founded2008
Evoken
PRIVATE
Valuation$2B
Total Raised$430M+
Last Round2026
iFlyTek
002230.SZ
Market Cap~¥190B
FY2025 Revenue¥27.1B
Founded1999
Infinigence AI
PRIVATE
ValuationUndisclosed
Total Raised~$251M+
Last Round2026
Enflame Technology
688801.SS
Market Cap—
FY2025 Revenue¥990.2M
Founded2018
SiliconFlow
PRIVATE
Valuation¥7.7B
Total Raised$419M
Revenue¥55.3M
Cambricon
688256.SS
Market Cap—
FY2025 Revenue¥6.5B
Founded2016
ModelBest
PRIVATE
Valuation¥20B
Total RaisedUndisclosed
Last Round2026
Moore Threads
— (SSE)
Market Cap—
FY2025 Revenue¥1.505B
Founded2020
WeRide
WRD / 0800.HK
Market Cap—
FY2025 Revenue~$93.6M
Founded2017
Pony.ai
PONY / 2026.HK
Market Cap—
FY2025 Revenue$90.0M
Founded2016
Shengshu Technology
PRIVATE
ValuationUndisclosed
Total Raised~$440M
Last Round2026
DiDi Autonomous Driving
PRIVATE
ValuationUndisclosed
Total Raised$1.39B+
Last Round2025
Unisound
9678.HK
Market Cap—
FY2025 Revenue¥1.21B
Founded2012
Momenta
06880.HK
Market Cap—
FY2025 Revenue¥2.4B
Founded2016
Qihoo 360
601360.SS
Market Cap~$10.1B
Market Cap~$10.1B
Founded2005
CXMT
688825.SS
Market Cap—
IPO Proceeds~$8.6B
Founded2016
Manus (Butterfly Effect)
PRIVATE
Valuation~$500M
Total Raised$75M
Last Round2025
LimX Dynamics
PRIVATE
Valuation¥15B
Total Raised~$400M+
Last Round2026
XPeng
XPEV / 9868.HK
Market Cap—
ExchangeNYSE: XPEV · HKEX: 9868
Founded2014
AGIBot
PRIVATE
Valuation~$1.5B+
Total Raised$84M+
Last Round2025
Huawei
PRIVATE
FY2025 Revenue¥880.9B
R&D Investment¥192.3B
Founded1987
Pragmatik Labs
PRIVATE
Valuation$2B
Total Raised$220M
Last Round2026
RedNote (Xiaohongshu)
PRIVATE
Valuation~$70B
Total Raised~$917M+
Last Round2026
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
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.
What we track
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.
China AI Regulation
A timeline of generative AI rules, algorithm filing requirements, model approval lists, and data law touchpoints — with links to original texts
2026
Sep
Extends the August deployment-side guide upstream to agent system development. Together the two documents suggest TC260 is building a build-and-run pair for agents ahead of any binding rule.
View Official Text ↗
2026
Sep
Four documents released together, the start of a general-plus-sector series. The General Principles apply across all industries; the other three give sector-specific security practice guidance for education, health, and broadcasting/online audiovisual. Drafting units include CESI, the NRTA research academy, NHC and MOE information centers.
View Official Text ↗🔒 14 more regulations — Paid Subscribers Only
You're viewing the first 2 entries free. The full regulation timeline — 16 laws, measures, and strategy documents back to 2017 — is included with a paid Recode China AI subscription.
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). |
| 🔒 18 more accelerators — paid subscribers only | |||||||||||
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. |
| 🔒 3 more clusters — paid subscribers only | ||||||
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.