AI

The former head of Tongyi Qwen research is raising hundreds of millions of dollars, with HongShan Capital and Gaorong Capital participating in investment talks.

Alibaba has officially integrated its AI platform Qwen with Taobao, aiming to replace traditional keyword searches with conversational AI shopping.

DeepSeek rolled out its image recognition mode to all users, officially entering the era of image-text interaction.

DeepSeek is seeking to raise 50 billion yuan ($7.35 billion), which could become the largest AI funding round in China to date.

IDC expects China's token consumption to surge 20-fold in 2026 compared to 2025, with total annual consumption poised to reach 40 quadrillion.

Moonshot is poised to close a new $2 billion funding round, pushing its latest valuation past $20 billion.

China's state-backed semiconductor investment fund is seeking to lead DeepSeek's first fundraising round.

China's cumulative AI token usage reached about 21.1 quadrillion in 2025, with the daily average experiencing a hundredfold explosive growth within the year.

Meta announced the acquisition of the AI startup last December, with the deal reportedly valued at around $2 billion.

DeepSeek, which has repeatedly rejected venture capital, now plans to raise no less than $300 million in external funds.