As the Chinese AI market heats up, Alibaba could launch Qwen for enterprise this week, while Kimi-maker Moonshot looks set to raise at an $18bn valuation.
The Chinese players continue their bid to compete with the likes of OpenAI and Anthropic, launching their own agentic tools and apps. Now Alibaba looks set to launch its Qwen-based enterprise offering for organisations this week.
In recent weeks the OpenClaw craze in China led all the major players to launch OpenClaw-based apps. Alibaba, Baidu, ByteDance, Tencent and MiniMax all released OpenClaw-powered apps. At the same time, state officials in the country have moved to curb usage of such apps amid growing cybersecurity concerns.
Given the recent success of Claude Cowork, it is little surprise that major players like Alibaba are looking to launch enterprise agentic models that promise an added security layer to an enterprise market hungry for agentic AI that supports real world tasks. US AI giants such as Anthropic, with its Cowork offering, and OpenAI don’t provide their services commercially in China.
In February Alibaba launched Qwen 3.5 with “visual agentic abilities”, but reports suggest this week will see a specific offering for enterprise customers, who will of course have security front of mind.
Sources told Bloomberg the newly created enterprise AI tool will support companies in operating computers, browsers and cloud servers, with “built-in features to safeguard data security”.
And there is also no shortage of appetite in China when it comes to funding their AI players. Moonshot, the company behind the Kimi chatbot is currently in discussions to raise some $1bn in its current fundraising round, which would value the start-up at $18bn, having been valued at $4.3bn in late 2025. Existing investors include the likes of Tencent and Alibaba Group.
Elsewhere TikTok parent ByteDance is facing challenges, with Reuters reporting that it has had to pause the global launch of its latest video-generation model, Seedance 2.0, after copyright disputes with some of the big Hollywood studios and streaming platforms.
ByteDance had promised to “strengthen current safeguards” against intellectual property theft after Disney threatened legal action over videos generated by Seedance 2.0.
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