Chinese AI companies launch new models and plan stock listings

Several Chinese artificial intelligence companies are making significant moves. Alibaba has quietly released a new AI model that can generate videos, while DeepSeek is preparing to launch a new model that will test the country's capabilities in this competitive field.

Separately, a company called Manycore Tech has revealed plans for an initial public offering (IPO) in Hong Kong. It is reported to be the first from a group known as the 'Hangzhou Six Little Dragons' to pursue a stock market listing.