上海AI独角兽稀宇科技（MiniMax）通过港交所上市聆讯，有望成为首家上市的国产大模型公司。公司对此未予置评。作为行业头部企业，MiniMax获阿里、腾讯等巨头投资，正与智谱AI、月之暗面等竞逐资本市场。
国内AI企业月之暗面正进行数亿美元融资，估值或达40亿美元。其凭借先进技术快速崛起，吸引IDG资本、腾讯等知名机构投资，引发市场广泛关注。
腾讯2025年第二季度财报显示，营收1845亿元，同比增长15%；经营利润692.5亿元，同比增长18%。研发投入202.5亿元，同比增长17%，体现了腾讯持续加大技术创新力度，尤其在人工智能领域投资成效显著。
中国人形机器人企业宇树科技启动A股上市辅导，由中信证券担任辅导机构。该公司因春晚亮相迅速走红，近期获WIPO全球奖，成为唯一获奖的中国企业。已完成股改并增资至3.64亿元，获吉利、腾讯等知名企业投资。间接参股宇树科技的A股公司股价表现亮眼，年内平均涨幅超18%，显示市场对人形机器人产业的看好。
Bytedance
-
Input tokens/M
Output tokens/M
Context Length
Tencent
$1
$4
32
24
Alibaba
$0.7
$1.95
16
$0.8
$2
$0.5
224
$3
$9
4
$8
28
$2.4
$9.6
$1.5
$6
128
30
250
$12
$18
6
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