StepFun Gets a New Chairman as China’s “Six Little Tigers” Diverge

We're following our Weijin Research in translation piece on Zhipu and MiniMax with a look at StepFun, the "AI tiger" focused most on embedding multimodal AI directly into terminal hardware.

Chinese large language startup StepFun (Shanghai Jieyue Xingchen Intelligent Technology) began the year with a B+ financing round exceeding RMB 5 billion (≈ $700 million), one of the largest single raises in China’s large-model sector over the past year. It also announced that Yin Qi, co-founder of Megvii, had been made chairman. The twin move brought i…