ByteDance, Zhipu Jolt China's AI Race Ahead of New Year [Yahoo! Finance Canada]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg TikTok owner ByteDance has also won high praise for the performance of its new video model, Seedance 2.0, which is still in testing. The competitor to OpenAI's Sora has yielded a number of impressive demonstrations that have been widely shared online. The back-to-back launches this week accelerated an arms race in China's AI industry, where startups and tech giants are rushing out products to preempt an expected release from DeepSeek. The industry anticipates the Hangzhou-based research lab to unveil its next-generation architecture during the February holiday in China, a move likely to draw global attention. Alibaba Group Holding Ltd.'s flagship model, Qwen-3.5, is also expected to debut in the coming weeks. The model rollouts — coupled with a renewed subsidy war for AI chatbot users — come as Chinese tech players move to seize a weeklong holiday historically critical for user growth in consumer internet apps. During the 2014 Lunar New Year, Tencent Ho
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