2026.01.09
MiniMax Funding Story: 7 Rounds in 4 Years, Who Is Driving China's First AI Capital Feast
An IPO is not a reward for the winner, but the starting drumbeat for the next round of competition.
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2025.12.23
Racing for the First IPO: The Credentials, Capabilities, and Ambitions of China's Largest Independent AI Model Company
Zhipu AI is aiming for a Hong Kong IPO with a valuation of 24.377 billion yuan. As China's largest independent large model company, it boasts globally leading technological capabilities. However, heavy investment in R&D has led to substantial losses, testing capital markets' confidence in the long-term value of AI.
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2025.11.17
Qwen app: How will Alibaba build China's "ChatGPT"?
This year marks Alibaba's third time concentrating resources to tackle major initiatives.
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2025.02.21
Moonshot MoBA Core Author's Account: A "Newcomer to Large Model Training" Enters Seclusion Cliff Three Times
"Starting from open-source papers and open-source code, we've now evolved to open-source thought chains!"
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