Chinese technology companies are betting on the "Spring Festival" and will unveil another major open source model on New Year's Eve.

Chinese technology companies are "celebrating the Lunar New Year" again. On New Year's Eve, Alibaba open-sourced the new generation large-scale model Qwen3.5-Plus, with a total of 397 billion parameters, only activating 170 billion. The deployment of GPU memory usage has been reduced by 60%, optimizing speed and cost while maintaining capabilities. Before the Spring Festival holiday, Chinese technology companies have already started intensive "new releases": Zhi Pu announced the launch and open-source of GLM-5, calling this model the "best open-source model of the Agentic Engineering era"; iFlytek and MiniMax also introduced new models, the Spark X2 large model and M2.5 model trained based on national computing power, respectively. The M2.5 model demonstrated higher decision maturity in handling complex tasks. ByteDance's new generation AI video generation model Seedance2.0 has also recently stepped into the spotlight, quickly sparking high global attention with its multi-modal creative approach and built-in mirror effects.