Companies
Alibaba
Ant Group
Baidu
ByteDance
Cambricon
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
Unitree Robotics
Unitree Robotics is a leading Chinese humanoid and quadruped robot maker. Founded by Wang Xingxing in 2016, it sells humanoid and quadruped robots to research, industrial, and consumer markets, with a significant share going international. Its G1 humanoid has helped make advanced robotics more commercially accessible. Unitree listed on Shanghai's STAR Market on August 19, 2026, with shares surging as much as ~460% on debut. In March 2026, Unitree open-sourced UnifoLM-VLA-0, a Vision-Language-Action model enabling its G1 robot to autonomously execute household tasks via natural language — marking Unitree's push from hardware into embodied AI.
688836.SS Price
¥488.00
Market Cap
~$27.4B USD
UnifoLM-VLA-0
Embodied
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.
ContextN/A
Input
Output
View Docs ↗
688836.SS Price
¥488.00
STAR Market · 2026-09-24
Market Cap
~$27.4B USD
STAR Market · 2026-09-24
FY2025 Revenue
¥1.71B
~$244M, +335% YoY
FY2025 Net Profit
~¥600M
~$86M, first profitable year
Funding History
2016-08
Founding¥0.1M
Wang Xingxing
2017-01
Seed¥2M
Yin Fangming
2018-05
Angel~¥2M
Variant CapitalAnchuang AcceleratorDexin Investment
2019-12
Pre-ATens of millions RMB
HongShan CapitalDexin Investment
2020-05
Pre-A+Undisclosed
Vertex VenturesChuxin CapitalHongShan Capital
2021
Series A~Tens of millions USD
Shunwei Capital
2022-01
Series BUndisclosed
HongShan CapitalAstrend IVVertexDexinAnchuangJisiHexagonGuangzhou Chuxin
2022-04
Series B+Several hundred million RMB
Matrix Partners ChinaDunhong AssetsShenzhen Capital Group
2024-09
Series C~¥1B (~$147M)
Beijing Robotics Industry FundMeituan Dragon BallJinshi InvestmentSource Code CapitalZhongguancun Science CityHongShanCITIC
2025-06
Pre-IPO Strategic~¥700M (~$103M)
China Mobile HeconTencentWuxi JinqiuAlibabaAnt GroupGeely Capital
2026-08
IPO¥6.1B (~$897M)
Unitree's flagship commercial humanoid robot, available in 16 configurations from $13,500 to $73,900. Stands 127 cm, weighs 35 kg, with 23–43 DOF and a 3-finger dexterous hand. Walks at 2 m/s and supports the UnifoLM-VLA-0 AI model for autonomous task execution. The world's best-selling humanoid robot in 2025.
Research-grade humanoid robot standing 180 cm and weighing 47 kg. The H1 holds the world record for bipedal running speed (3.3 m/s). Powered by an Intel i7 onboard computer with 19 DOF. The H1-2 upgrade adds enhanced dexterity. Primarily targeted at research institutions and industrial labs. Priced around $90,000.
Unitree's consumer and research quadruped robot dog, priced from ~$1,600. Features 3D LiDAR, depth cameras, AI perception, and full ROS2 support. Go2 Pro and Go2 Edu variants offer expanded compute and payload for research applications. Widely adopted by universities and developers worldwide.
A wheeled humanoid with a full upper body for manipulation tasks, starting at ~$4,290 for the upper-body-only configuration. Designed for stationary manipulation, service robotics, and cost-sensitive deployments. Supports 6 hours of continuous operation.
Four-legged robot: Yushu is first, Zhiyuan and Yun are fighting for second place in the depths?
8: 1 Kryptonite Lei Jun denied investing Yu Shu to earn 10 billion Luo Yonghao Guan announced that the podcast was suspended, and Meta Muse's popularity drove Zuckerberg's value to soar by 160 billion a day.
黄仁勋：AI 时代，企业应该尽可能多付薪酬；宇树科技发布Dex5-S 灵巧手；OpenAI 新模型24 天解决100+ 世界级数学难题| 极客早知道
Lei Jun clarified that Xinyu Tree Technology earned 10 billion yuan: Serial Shun invested for early angels
Dancing humanoids from Unitree Robotics secure spot in America’s Got Talent finale
Frequently launched robot AI models, Yushu Technology's painting style started from hardware has changed
China's Unitree Robotics stock falls by half in month after listing
7 reviews leading open source models, Yushu Technology's open source base model allows humanoid robots to "understand the world"
Yushu opened up the new brain, and the robot began to predict before doing it.
After the listing of Yushu Technology, the market value of 250 billion evaporated, and the smart track bubble controversy resumed.
8: 1 Krypton Yushu Technology's market value returned to 200 billion yuan; Film and TV Hurricane Tim assessed that the iPhone Duo was too hot to hold; Luo Yonghao denied that Zhong Xuegao was gaining momentum
Lei Jun kicked, Yushu finally stopped falling
[Focus Review] Kechuang 50 Shrinkage Cross Star Stops in a Row, Flueyuan Technology Sets a New High in Listing for Two Consecutive Days, and Yushu Technology's Total Market Value Weighs 200 Billion
Lei Junyu Kicking Robot, Xiaomi or Plus Humanoid Robot
Morning News | Lei Jun visited Yushu and B station on the same day/Luo Yonghao's poor reviews brought traffic, and Mr. Savage raised nearly 30,000 powder per day/Hongmeng Zhixing confirmed that the boundary cooperation was adjusted, led by Cyrus
Unitree’s US$30 billion stock wipe-off spurs caution on humanoid robot IPOs
Founder’s cost-cutting obsession drove Unitree lead in cheap humanoid robots
21:04:39 [Lei Jun shows up at Yushu Technology to watch the humanoid robot show]
[Tomorrow's theme] Yushu Technology claims that any action can be generated by the robot in the next six months or so
Yushu Technology's market value has been cut, and the humanoid robot industry has accelerated "entering the factory to work" to find new ways
Yu Shu fell below 500 yuan, primary market financing continued to decline, and the robot entered a cooling-off period.
The King of Unitree
A wealthy anchor said | After Yushu Technology fell below 500 yuan, is Fluyuan Technology panicking to start a new fund on the board?
China Curbs Humanoid IPOs After Unitree’s Volatile Debut
Yushu Technology Announces the First Fully Autonomous Fighting of a Humanoid Robot
宇树科技IPO后具身智能行业估值面临校准，500-1500亿市值分歧显现
T早报｜字节跳动获得296亿美元贷款；摩尔线程解禁日大跌20%；宇树科技首次实现人形机器人全自主搏击
Yushu robot has a long brain. Before working, he showed off a wave of boxing.
Yushu Technology: Realizing Real-Time World Model-Driven Humanoid Robots Fully Autonomous Fighting
1.2 Yushu Technology = the sum of the market value of "Wei Xiao Li Zero", and the new automobile manufacturing forces generated revenue of more than 170 billion yuan in half a year. Why is it still not "waiting to see"?
Global share first, gross profit margin exceeds 60%: Yushu's valuation bottom card
Yushu robot dog exposed production chain: 421Wh battery fake label changed to 97Wh, "smuggled" on the plane; rare! Xiaomi Huawei released the time slot, netizens: Immortal fight; the dark side of the moon launches the IPO of Hong Kong stocks
Investment 24h | Yushu's response to the over 100 yuan reimbursement requires Wang Xingxing's approval; Xi Yin's listing, Xu Yangtian did not take the stage to knock out the gong; the second phase of the National SME Development Fund is coming soon
The first day of Apple's new CEO! Exposed the new iPhone to resume giving away charging heads, the official response; Yushu responded that "over 100 yuan reimbursement needs Wang Xingxing's approval" and other rumors; Huawei, Xiaomi, Honor mobile phone collective price increase
Technology Morning Post | "Bean bag mobile phone" goes on sale this month; super 100 yuan reimbursement needs Wang Xingxing's approval? Yushu Technology response
8: 1 Krypton Yushu responded that "reimbursement of more than 100 yuan requires Wang Xingxing's personal approval"; Manus resumed independent operations; NiO released its second quarter financial report, revenue increased by 69.1%
China’s Unitree Slumps 50% From Peak as Debut Euphoria Fades
Yushu Technology has a high valuation: where is the domestic robot road?
You must choose, catch up with Yu Shu?
236.6 billion Yushu Technology, and more than 300 billion tangible smart assets waiting to be listed
Unitree’s stock slump since IPO stokes fears of a bubble in Chinese humanoid robotics
Unitree’s stock slump begs question: is there a bubble in humanoid robotics?
Yushu Technology Early Investor: Yushu and Tesla Robot Differentiation Achieves Mass Production and Can Be Bought
The market value has fallen by nearly 200 billion, how much is Yushu Technology worth?
After the listing, Wang Xingxing has to repeatedly explain that Yushu "is not what"
Early investor in Yushu Technology: The first time I met Wang Xingxing, I decided that investing in robot dogs was cheap and had commercial value
Yushu Rings the Bell, Robot Selling: A Staggered Race Between Capital and Industry
Yushu is on the market, and the spring of humanoid robots is coming? Value Investment and Research Agency
Temasek-backed investor behind Unitree pitches Singapore as Chinese robots' path to U.S.
Yushu Zhiyuan shares a brain! Mysterious Model Demo Field, 10 Minutes to the End
Yushu Technology plummeted after the first day of listing, and the humanoid robot body was lost.
How is the value of humanoid robots measured? Yushu Inquiry Perspective Hard Technology Valuation Paradigm Fresh Air
The first round of valuation of Xiaopeng Robot exceeds the pre-market target valuation of Xiaopeng Robot.
Yushu Technology Wang Xingxing "was urged" to go public
Did Yu Shu fall into place?
Xiaopeng Robotics Raises $900 Million: He Xiaopeng Breaks Yushu Record
China robot maker Unitree's post-listing slump sparks bubble fears
Profit turned over! After Dong Yuhui and other big anchors left, the net profit of Oriental Selection soared 86 times; Byte will push the unified office brand "Beanbag Work"; Yu Shu fell to the second place in the global humanoid robot market.
Yushu Technology's market value has evaporated by about 200 billion yuan, and the prospect of commercialization of humanoid robots still needs to be verified.
Yushu Technology's valuation of 240 billion yuan? In-depth analysis of the value of Yushu Technology's investment and the rationality of the valuation
Wang Xingxing, founder of Yushu Technology: Fast is 2 to 3 years slow is 5 to 10 years smart or ushered in the ChatGPT moment
A wealthy anchor said | Yushu's market capitalization for 4 days has almost halved. "Robot belief" has fallen?
Yushu listing thank you banquet without liquor, young people do not pay the bill, where is the way out for liquor?_great videos for you
Yushu Technology, evaporated 200 billion market value compared to the opening of the first day
Morning News | Apple's first folding screen is about to be released, and the new iPhone or collective becomes more expensive/Yushu responds to the bottom of the robot's 100-meter preliminary team/Xiaomi announced new progress of the Xuan Ring chip today
Chinese robot beats Usain Bolt’s 100m record at World Humanoid Robot Games in Beijing
The five-day games, now in its second year, are a spectacle demonstrating China’s rapid progress in advanced robotics as the technology race with the U.S. heats up, with 51 events and more than 1,000 competitions taking place including running, table tennis and soccer.
Robot boxing, football and sprinting at World Humanoid Games
The second-edition of the World Humanoid Games is under way in China.
Why Unitree’s 460% IPO Stock Pop Wasn’t Unusual in China
🗞️Unitree's Blockbuster Debut, Nvidia Chips Get a Green Light in Beijing, and Big Tech’s AI Bet
他给了王兴兴第一个200万，现在给下一个「宇树」当董事长
宇树上市后首次演讲，王兴兴谈“让机器人自己写代码进化”
Yuanxin Satellite completed Series B financing of 6.975 billion yuan; Yushu Technology was listed on the Science and Technology Innovation Board, with the latest market value of 271.966 billion yuan丨Global Investment and Financing Weekly Report 08.15-08.21
Zhan Mo Tian Mo | Yu Shu surged 460% on the first day of listing. The key technology of humanoid robots is not yet mature, so why has it become the largest business?
Zhu Qi: After the IPO of Yushu Technology, we can look for medium and long-term investment opportunities in affiliated companies.
Yushu Technology's market value evaporated by nearly 70 billion yuan in two days, and the implementation of robot scenarios has become a key test
Yushu Technology’s stock surged on the first day of listing and then fell back. Historical comparison with PetroChina reveals differences in industry and policies.
Yushu Technology’s IPO hides the only path to the end of embodied intelligence
Yushu Technology's science and technology innovation board soared 629% on the first day and then fell sharply, triggering comparisons with PetroChina
Wang Xingxing of Yushu Technology: From exhibits to products: the next decade of the humanoid robot industry
Global investors use 'perp' bets to chase China tech stocks like Unitree
A former Sequoia investor breaks down the meeting materials of his investment in Yushu at a valuation of 150 million
2 million becomes 1.6 billion, Yushu is betting on more than just robots
Investment World 24h | Huang Renxun’s daughter appeared in Beijing to attend the Robot Conference; Yushu fell 19% in one day; Zhejiang Social Security Science and Technology Innovation Fund invested
T Morning Post｜Wang Xingxing gave his first speech after Yushu went public; smart consumption grew rapidly in July; demonstration of the release timing of the second game in the Black Myth series
Unitree’s Humanoids Have a Long March to Usefulness
AI Weekly: Unitree soars on debut, Anthropics future revenue revealed
Yushu and Zhiyuan, the “ideal” of embodied intelligence and the road to “NIO”
Yushu Technology is listed on the Science and Technology Innovation Board, and Zhiyuan Robot demonstrates the two models of embodied intelligence "product" and "platform"
Humanoid robots' 'ChatGPT moment' could be 10 years away, Unitree founder says
Yesterday's sharp rise and today's sharp fall, Yushu Technology's largest retracement in two days after listing was 37.5%
Tether CEO says Unitree is definitely “one to watch”
The 3.9 million Yushu manned mecha is still a bit difficult to "get on the road freely"
Unitree’s $50bn Valuation Meets a Longer Robot Timeline
Yushu Technology surged 629% on its first day of listing. Who is the "next Yushu" at the World Robot Conference?
Wang Xingxing said that robot factory work cannot be promoted on a large scale for the time being. Yushu fell about 15% at the opening.
Robots poised for 'ChatGPT moment,' Unitree CEO says
Shoucheng Holdings, two heavy positions in Yushu
Cross-border integration! Yushu transforms into a car review robot for the first time since its launch
Unitree Founder Sees Robots Reaching ‘Mass Market’ Within Decade
Investment World 24h | Wang Xingxing’s net worth exceeds 130 billion; Wang Leehom and Shen Nanpeng appeared at the Yushu listing appreciation banquet; Jiangsu Fund of Funds signed contracts worth 18.5 billion in one day
China has achieved land recovery of rockets for the first time; Yushu is listed, with a market value of over 400 billion; Cai Ming’s same robot is unveiled, worth 99,000 yuan | Geeks Already Know
Yijing X9 launch conference gives away fake Labubu? The brand responded; Yushu Technology’s famous IPO scene: Wang Xingxing’s expression was extremely calm like a “worker”; a large bean bag model was officially launched on Tesla | Leifeng Morning News
Morning Post｜Bean bags are in Tesla cars/Apple’s camera-equipped AirPods are revealed to be postponed to 2027/Unishu Technology surged 460% on the first day of listing
T Morning News | Yushu Technology has been listed on the Science and Technology Innovation Board; the first stage of Blue Arrow Suzaku 3 has been recovered on land for the first time; the Ministry of Justice has determined that the cross-border investigation initiated by the EU against JD.com constitutes inappropriate extraterritorial jurisdiction
Yushu Technology soared more than 4 times, Wang Xingxing’s net worth exceeded 100 billion, and the stock market value of Meituan and Sequoia exceeded 20 billion
Unitree Robotics Surges in Shanghai Debut
In the quadruped robot market dominated by Yushu, it quietly captured 6%
Robot leader Unitree soars in Shanghai stock debut
Germany's VDMA lobby calls on Europe to step up on humanoid robotics as Unitree surges
Yushu Technology's stock price soared 629% on its first day of listing on the Science and Technology Innovation Board, and its market value once exceeded 440 billion yuan.
Unitree IPO Could Mark New Era for China’s Robotics Sector
千元新股引爆市场！宇树科技首日暴涨 456%，信托自营揽收868 万，53只理财斩获近亿元浮盈
Yushu Technology’s market capitalization exceeded 340 billion on its first day of listing. The primary market reveled but the secondary robotics sector plummeted.
Taking stock of the “winners” behind Yushu: Some early investors’ tens of billions of profits are just the beginning
Yushu IPO Feast: The market has bought its future today
The market value of Yushu Technology's IPO soared to 444.9 billion yuan on the first day, and the market bet in advance on the future of humanoid robots
Yushu Technology became rich in one day, and its founders, employees and investors made huge profits on their books
Shares in humanoid robot firm Unitree surge 600% on Chinese stock market debut
The market value of Yushu Technology exceeded 400 billion on the first day of listing, and the floating profit of early employees’ shareholding exceeded 150 times
In-depth dialogue Yushu state-owned shareholders: Discussion of premature exit robot "brain" or mandatory questions after listing
Falling costs, rising competition: Is Unitree's valuation sustainable?
440 billion! Yushu’s carnival and hidden worries
Yushu Technology's market capitalization exceeded 440 billion yuan on its first day of listing, with only 7.44% of its outstanding shares triggering valuation controversy.
Unitree Shares Jump After $904M Shanghai IPO | The China Show | 8/19/2026
Unitree IPO: Why Investors Are Betting Big on China’s Humanoid Robots
Xiaoshudian丨New releases tomorrow! Comprehensive illustration of Yushu Technology IPO
Yushu Technology rose over 600% on its first day of listing on the Science and Technology Innovation Board, with a market value of 364 billion yuan
China’s Unitree unveils new ‘Superman’ humanoid robot
Yicai anchor said | Yushu Technology is here! The opening surged 629.44% and then fluctuated. Wang Xingxing became the new richest man born in the 1990s.
At the famous IPO scene of Yushu Technology, Wang Xingxing looked as calm as a "worker" and became the new richest man born in the 1990s with a net worth of over 100 billion.
Unitree Robotics surges 629% to US$66 billion valuation in Shanghai share debut
Chinese robotics giant Unitree soars in stock market debut
Yushu Technology soared 629% and opened at 150.80 yuan and 1100 yuan.
Unitree shares soar 629% after robot maker raises $905m in Shanghai IPO
Unitree shares soar in humanoid maker's landmark Shanghai IPO
China’s backflipping robot maker Unitree pops 542% in Shanghai debut
Chinese humanoid robot maker Unitree opens over 600% higher in Shanghai debut
Yushu Technology is listed today, and many Hong Kong stocks have embraced this "robot thigh"; per capita is 5.57 million yuan! Stock incentives for Cambrian’s 124 employees will be credited to their accounts; joining the company means joining the company! Gree Technical School opens its first enrollment period
Investment World 24h | Yushu went public, and industrial chain companies were exposed; Zhuji Dynamics secretly submitted a statement to the Hong Kong Stock Exchange; Zhang Ziyi cashed out 300 million yuan
Xiao K Broadcast Morning Post | my country realizes land recovery of rocket for the first time, Yushu Technology goes public today
Yushu’s suspense is still behind
Yushu Technology has been on the Science and Technology Innovation Board for ten years: from quadruped robots to humanoid robots, the embodied intelligence track is making waves again
[Morning Post] U.S. stock market storage and optical communications sectors fell sharply; crude oil rose and gold fell; Yushu Technology went public today
Unitree Robotics Set to Debut After $904 Million Shanghai IPO
On the first day of listing, Yushu's market value exceeded 300 billion. Wang Xingxing first mentioned "physical AI robot self-evolution"
93.5 billion hot money and cold water: Yushu becomes the last hot stock of embodied intelligence?
Yushu Technology is about to go public, with a valuation of 100 billion, causing controversy: Can the humanoid robot business support high expectations?
Conversation with early investors of Yushu: In the future, only three companies in the embodied field may do well, ten companies will do well, and the rest will not survive｜Hard Krypton Exclusive Interview
After Yushu, Zhiyuan will also go public. Who will become the Alibaba and Tencent-level giants in the embodied intelligence track?
Unitree CEO’s Wealth Jumps $18 Billion After Blockbuster IPO
最新财新周刊｜宇树IPO：速度与激情
Yushu Technology is ringing the clock and counting down. These Hong Kong stocks have embraced this "robot thigh"
Yushu Technology, winning the first lottery and earning 470,000 yuan
World’s top humanoid robot maker Unitree surges in blockbuster market debut in China
Industry Trend: Yushu’s listing “coincides” with the industry conference, and the industry accelerates towards large-scale commercial implementation
Unitree Crypto Futures Indicate More Than 300% Debut Pop
Yushu Technology will go public tomorrow. What will happen to the robotics sector in the future?
Yushu Technology will be listed on the Science and Technology Innovation Board on Wednesday
T Morning Post | Alibaba divested its gaming business Lingxi Interactive Entertainment; the Supreme Court disclosed Xu Yao’s intentional homicide case; Yushu will be listed on the Shanghai Stock Exchange Science and Technology Innovation Board on August 19; “Niu Lai” box office exceeded 9 million yuan
Morning Post | Yushu's "Superman" jumps 2 meters high on the spot/Xiaomi SU7 series delivery exceeds 500,000 units/Doubao supports mobile phone remote operation of computers
Investment World 24h | Yushu Technology will ring the bell tomorrow; Changxin surges, Tencent makes a profit of 50 billion; Alibaba sells Lingxi Interactive Entertainment
Yushu releases "Robot Superman": a 2m high jump on the spot; Doubao launches new functions, mobile phones can remotely control computers; Geely Automobile's structure adjustment, Li Shufu resigns as chairman of the board | Geeks Already Know
[Digital IPO] Yushu Technology, listed today
Yushu goes public on August 19, reshaping the direction of the humanoid robot capital market
Chinese humanoid robot maker Unitree to list in Shanghai on August 19
Yushu creates "Superman": he jumps up to 2 meters on the spot, a superhuman world record
Yicai anchor said | Beat Bolt! Yushu Technology releases "Superman", which can jump and run faster than humans
Yushu Technology releases "Superman" to break through the limits of all mankind
The listing of Yushu Technology has established an anchor for industrial valuation. The industry has moved from burning money to tell stories to a new stage of profit verification.
Yushu’s “black market” bid tripled, touching the red line of account supervision
🗞️DeepSeek's Harness Debut, Unitree's IPO Frenzy, and Manus's Return from Meta
Yushu Technology, launched on August 19
Noise amid the IPO boom of Yushu Technology: The rumors of "black market trading" are actually based on rumors and the risks behind them should not be underestimated
At the Yushu Technology IPO roadshow, Wang Xingxing responded to "How can future performance support high valuations?"
Breaking the human record of 50 minutes and 26 seconds! Hitting the Beijing Yizhuang Robot Half Marathon: Glory’s “Lightning” won the championship, Yushu Tiangong both “collapsed” at the finish line
Just now, Yushu’s IPO was announced in a flash, and Wang Xingxing and Lei Jun are about to go ashore.
Financial Night Line 0810 | Yushu Technology’s winning rate on the first day of subscription was less than 0.02%. Pinduoduo’s homepage launched “Tomorrow’s Delivery” to enter the market for instant retail
Why lay out the intelligent hardware track? Early investors in Yushu: China has the advantage of full-chain engineers
Chinese humanoid robot maker Unitree powers up for stellar Shanghai debut
After 6 years of running with Yushu Technology, he admitted that Wang Xingxing is the technical man they like | Investors said
Shen Meng: It is currently difficult for humanoid robots to truly work for people. Yushu’s high valuation fundraising will help it achieve more achievements in the technology transformation process
Yushu Technology is about to go public, and the institution’s latest chips are exposed
The 302 tender documents behind Yushu’s IPO and six facts about humanoid robots
After Yushu, who is the "second Yushu"? Inventory of new forces on China’s robotics circuit in 2024
Zhiyuan surpassed Yushu, can you believe it?
Yushu Technology received nearly 2.2 billion yuan from public and private equity financing. Who got more shares?
Yushu Technology’s winning numbers are released
19:02:11 [Yushu Technology Signature Number Out: There are 19,414 winning numbers]
"The first humanoid robot stock" Yushu Technology subscribes today! What is the quality of the "meat picks"?
Are Unitree's humanoid robots worth the hype, or do investors just want in on the sector?
Will Yushu break his hair? Wang Xingxing responded
Unitree IPO frenzy leaves retail investors with 1-in-5,500 odds
Even China's IPO gatekeepers succumb to AI fever
Robot maker Unitree's $900 million Shanghai IPO was oversubscribed roughly 8,000 times by retail investors, valuing the firm at about 100 times sales, in a sign of feverish investor appetite for China's embodied AI boom.
Watch Retail Investors Jostle for a Piece of Unitree | The China Show | 8/11/2026
The winning rate is 0.0181%! Yushu Technology launched new products today, and the robot industry chain ushered in a valuation anchor
Unitree’s Shanghai IPO 5,526 Times Subscribed by Retail Buyers
AgiBot overtakes Unitree as top global humanoid robot vendor in first half amid IPO push
AgiBot dethrones Unitree as world’s top humanoid maker ahead of IPOs
Unitree's Shanghai IPO more than 8,000 times oversubscribed by retail investors
100 billion IPO, Yushu stands on the top of the mountain
Yushu Technology starts to subscribe, winning is comparable to winning the lottery
Explainer: What is Unitree and why are China’s humanoid robot makers racing to list?
Yushu Technology subscribed today, and the winning rate was much lower than that of Changxin Technology; less than 24 hours after it went online, Apple’s official website deleted Alibaba Qianwen documents; Zhong Suisui blasted e-commerce platforms as middlemen: power must be restricted
Yushu Technology subscribes today. With the hot market for new stocks this year, how much profit can you make if you win the first lottery?
Morning Post｜Bank of China’s Apple AI was removed from the official website after being launched/It was revealed that Apple Watch will undergo a major upgrade/Unishu Technology will open the Science and Technology Innovation Board subscription today
What is Unitree and why are China's humanoid robot makers racing to list?
Unitree priced its Shanghai IPO at 150.8 yuan per share, becoming mainland China's first listed pure-play humanoid robot maker as rivals race to tap capital markets for the AI robotics boom.
🗞️Alibaba's Qwen3.8-Max, Unitree Prices $9B Robotics IPO, and DeepSeek's Price Hike
Yushu Technology subscribes on Monday, the embodied intelligence track will receive a "valuation anchor"
Yushu Technology will launch new products tomorrow, please pay attention to four major matters
Yushu Technology opened IPO subscription on the 10th, and the embodied intelligence track ushered in an intensive period of IPO | depth
Yushu Technology IPO roadshow explains in detail the prospects of embodied intelligence Wang Xingxing: It is now similar to the starting stage of home computers
Feature article｜Yushu issuance has a market value of 61 billion. The acceleration and test of the pioneer
Will the IPO pricing of Yushu Technology set the valuation benchmark for the embodied intelligence industry?
Unitree targets US$9b valuation in landmark IPO for China’s embodied-AI sector
Backed by DeepSeek, Unitree IPO tests investor appetite for China’s AI robotics boom
DeepSeek, state oil giant back humanoid robot maker Unitree's $900m IPO
Chinese humanoid robot maker Unitree prices IPO at $9 billion valuation
Yushu Technology is valued at 61 billion, Wang Xingxing's family exceeds 18 billion, and Meituan Sequoia Tencent Ali shares
DeepSeek invests $20.8 million in Unitree's Shanghai IPO
Yushu issuance has a market value of 60 billion, and Liang Wenfeng invested in it
China’s Unitree Seeks $904 Million in First Mainland Robotic IPO
Chinese robot maker Unitree prices Shanghai IPO
19:01:55 [Yushu Technology: The issuance price is 150.80 yuan/share, in-depth search, Shanghai Qishan, a subsidiary of Tencent, participates in strategic placement]
52,000 for 1,000 shares? Yushu Technology IPO pricing is imminent, what are the signals behind the 40 billion market value?
China's Unitree IPO puts global robotics race and geopolitics in focus
Changxin refuses Apple’s price reduction: insists on no lower price than Samsung Electronics and SK Hynix; Musk’s personal wealth has lost two “Huang Renxun”; Yushu is about to be listed, and Wang Xingxing’s net worth is about to exceed 10 billion
Unitree prices Shanghai IPO at $9 billion valuation
Chinese humanoid robot maker Unitree priced its STAR Market IPO at 150.8 yuan per share, valuing the company at roughly $9.04 billion and making it China's first mainland-listed humanoid robot maker.
Yushu Technology opens inquiry. Is embodied intelligence valuation ahead of performance?
Yushu work station is rich in multi-millionaires
Who is the shareholder of Yushu Technology? Behind the thousandfold valuation of the giants and state-owned assets
Yushu Technology has launched a preliminary inquiry for the IPO on the Science and Technology Innovation Board. The market estimates that the IPO market value may exceed 40 billion yuan.
Unitree expected to be worth over 50 billion yuan, IPO sponsor Citic Securities says
A robot’s “entrance exam”: Who is helping Yushu and Qiangnao complete their “graduation certificates” at the Hangzhou National Pilot Base? |Dynamic China Research
Investment Industry AI Weekly Report | Just wait for Yushu to come up with something new
Yushu Technology: Estimated revenue of 1.052 billion yuan to 1.128 billion yuan from January to June 2026
Yushu Technology will open IPO subscription on August 10; Byte ToB changes: Feishu Doubao volcano organization adjustment; Musk said that humans will land on Mars in 5-7 years | Geeks already knew
Subscription on August 10th! 171 employees of Yushu Technology paid 270 million to subscribe for the IPO, and Wang Xingxing paid 15 million of his own money; Byte established a new bean bag product team; first-generation employees can receive 150,000! Film and Television Hurricane distributes incentive bonus to all employees
Investment World 24h | Yushu Technology subscribed on August 10; Byte integrated Feishu and Doubao teams; Shanghai SDIC established a Hong Kong fund
Unitree to launch IPO next week as US-China robotics rivalry intensifies
China's Unitree sets August 10 subscription for Shanghai IPO
Yushu Technology: The preliminary inquiry date is August 5, and the online and offline subscription date is August 10
Yushu Technology launched the release on August 5th, inquiry, 10th new
China's Unitree Robotics eyes capacity boost to meet humanoid demand
Changxin Technology is listed on the Science and Technology Innovation Board today! Employees: It has nothing to do with us, they are more concerned about future salary and benefits; Japan surrendered after dismantling Yushu Robot; Huang Renxun and Musk spoke on the same day about China's AI
8:01 Krypton | Ctrip was fined 5.179 billion yuan for abusing its market dominance; Changxin Technology went public today; Japanese technicians dismantled the Yushu robot: it will not be able to catch up with China in the short term
9:00 Krypton | Yushu Technology CEO Wang Xingxing appears on the cover of Time magazine; the National Anti-Fraud Center App can detect AI-generated traces with one click; Claude Opus 5 is officially released
The Robots Cometh
TIME profile of Unitree CEO Wang Xingxing, whose Hangzhou firm leads global humanoid shipments and unveiled the GD01 mecha robot; covers China's state-backed robotics push, Unitree's IPO filing, and the U.S.-China race in physical AI.
Yushu Technology Wang Xingxing: The "ChatGPT moment" of embodied intelligence is expected to arrive as soon as two to three years
China's Unitree says 'GPT moment' for robots remains years away
Changying Precision: There is no equity relationship with Yushu Technology
UnifoLM-OminiA-0.3 is released, supporting full-modal interactive understanding
Hard technology investment target | Changxin Technology will open new share subscription next week, Yushu Technology Science and Technology Innovation Board IPO registration will take effect
Yushu Technology's initial public offering stock registration takes effect
40+ product giants such as Byte, Yushu, and BAT gathered together, and the latest and most complete schedule of the 2026 Singularity Intelligent Product Conference is here!
Yushu Technology Chen Li: Embodied intelligence "ChatGPT moment" needs to achieve "two 80%" to welcome the consumption wave in 2030
Hard Technology Investment Target | Eight Departments: Promote the simultaneous construction of industrial Internet and computing infrastructure, Yushu Technology IPO registration approved
8:01 Krypton | "The first stock of embodied intelligence" Yushu Technology's application for listing was approved; SK Hynix's market value evaporated by 1 trillion yuan in a single day; configuration errors triggered a rush to buy for 0 yuan, Bawang Chaji apologized
Chinese robot maker Unitree wins approval for $619 million Shanghai IPO
China's securities regulator approved Unitree Robotics' STAR Market listing, valuing the humanoid and quadruped robot maker's IPO at about $619 million.
Yushu Technology, Jintuo Technology and others established new technology companies in Shanghai with a registered capital of 30 million
Yushu R1 humanoid robot price reduced to 29,900 yuan
Yushu has reduced the price of some robots. Yushu: It is inconvenient to respond.
Yushu Robot is going to climb Mount Everest!
Beijing 'strongly dissatisfied' with Pentagon move against China tech firms
China's commerce and foreign ministries threatened resolute retaliation after the Pentagon blacklisted Alibaba, Baidu, and Unitree as Chinese military companies, undermining the Xi-Trump summit truce reached just weeks earlier; firms vow legal challenge.
Breakingviews - Unitree previews China's bleak robot reality
Pentagon says Alibaba, Baidu, BYD and Unitree support China’s military
Investing in Changxin Technology and Yushu Technology, insurance capital's "patient capital" deploys new productivity
Liangban Shiyida: indirectly holds about 0.01% of the equity of Yushu Technology and is not involved in the robot business
Yushu Guohui: The protection period for embodied intelligence newbies has ended
Guangpu Co., Ltd.: "The company is the exclusive partner of Yushu Technology Joint Optical Internet" is untrue
Yushu, after a while, the protection period for embodied intelligence novices is over.
Yushu responds to cooperative robots with NVIDIA: new products will be unveiled in the second half of the year
Shanghai Stock Exchange Yushu Technology Co., Ltd. IPO review status changes to submission for registration
A total of about 11,000 units of Yushu's single humanoid robot have rolled off the production line.
It was revealed that Doubao was officially paid in late June; Jia Yueting and LeTV Holdings were reinstated for 2.6 billion yuan; Nvidia officially entered the personal computer chip market and challenged Intel head-on; 73 days! Yushu Technology IPO meeting
Investment World 24h | Yushu, the fastest IPO this year; donated 300 million, Shen Nanpeng and Shanghai Jiao Jiao jointly established Sequoia Academy; Anthropic has secretly submitted an IPO application
8:1 Krypton丨Doubao will be officially paid for in late June; a fire broke out at the SK Hynix factory in South Korea; Yushu Technology’s IPO is over, Wang Xingxing’s net worth may exceed 14 billion
Jen-Hsun Huang announced: Teaming up with Yushu to build a 1.8-meter reference humanoid robot
A visit to Yushu Technology’s offline experience center: Quadruped robots have started to be sold on the C-end, and the revenue of humanoid robots has surpassed quadrupeds for the first time
Yushu, the fastest IPO this year
Yushu Technology Science and Technology Innovation Board IPO meeting
Nvidia to work with US, European humanoid robot makers in addition to China's Unitree
The big test for the first stock of humanoid robots is about to take place. Who is the super winner behind the IPO of Yushu Technology?
The first humanoid robot is "one foot at the door": Yushu Technology will deduct more than 50% of the non-net profit in Q1 on June 1
Unitree will sell you a massive ‘transformable mecha’ for $650,000
Chinese Star Robot Maker Unitree Doesn't Look Like a High-Tech Company
Unitree, a 480-person firm that became the world's largest humanoid robot manufacturer, operates with a culture closer to a hardware startup than a Silicon Valley AI lab.
Yushu clarifies how to measure the number of robots in mass production?
Zhi Yuan first, Yushu second! Chinese companies are dominating the global humanoid robotics market
Humanoid robot company Yushu completes listing coaching
Unitree, AgiBot robots steal the show at Shanghai’s import expo
Yushu related concept stocks collectively increased, and some companies accounted for less than 1% of the robot business
Which humanoid robot is stronger? Yushu, Zhiyuan, Xinghaitu, Kepler, etc. compete on the same platform | Direct hit 2025GDC
Wang Xingxing
王兴兴
Founder, CEO & CTO
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.