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Chinese AI startup StepFun reportedly plans Hong Kong IPO, potentially raising up to $500 million
With capital markets showing strong demand for China's AI boom, StepFun could list as early as this year.
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Moonshot nears completion of new funding round, valuation surpasses $10 billion
Moonshot's latest two funding rounds collectively exceeded $1.2 billion, setting a new single-round financing record in China's AI large-model space over the past year.
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Zhipu launches global 'computing power partner' recruitment to address surging GLM-5 demand
The new flagship model triggers explosive usage growth, yet domestic chip cluster expansion struggles to meet demand.
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Alibaba releases flagship Qwen3.5 model ahead of Chinese New Year, race against DeepSeek's new product
Alibaba has launched next-generation large model, vying for global open-source leadership while joining the battle for holiday users.
