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StepFun
Shanghai Jieyue Xingchen Intelligent Technology Co., Ltd, known as StepFun, is an artificial intelligence (AI) company based in Shanghai, China. It has been dubbed one of China's 6 "AI Tiger" companies by investors. BackgroundStepFun was founded in April 2023 by former Microsoft employees. Investors include Tencent, Qiming Venture Partners and Shanghai State-owned Capital Investment.
World Artificial Intelligence ConferenceThe World Artificial Intelligence Conference (WAIC) is an annual international conference on artificial intelligence (AI) held every July in Shanghai, China. First held in 2018, it is jointly hosted by the Chinese central government departments, the Chinese Academy of Sciences, the China Association for Science and Technology, and the Shanghai Municipal People's Government.
Large language modelA large language model (LLM) is an AI model (typically a neural network) trained on a vast amount of text for natural language processing tasks, especially language generation. LLMs can typically generate, summarize, translate, and analyze text in many contexts. They are the basis for many modern chatbots, such as ChatGPT, Claude, Gemini, Grok, and DeepSeek. LLMs are typically based on transformer architecture.
Artificial intelligenceIntelligence in machinesArtificial intelligence (AI) is the capability of computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making.
Biren TechnologyShanghai Biren Intelligent Technology Co. (Chinese: 壁仞科技; pinyin: Bìrèn Kējì) is a Chinese fabless semiconductor design company. The company was founded in 2019 by Lingjie Xu and others, all of whom were previously employed at NVIDIA, Alibaba and STMicroelectronics. Biren has advertised two general-purpose graphics processing units (GPGPUs), the BR100 and BR104. Both cards are aimed at artificial intelligence and high-performance computing.
TencentChinese conglomerate and holding companyTencent Holdings, Ltd.Simplified Chinese腾讯控股有限公司Traditional Chinese騰訊控股有限公司Tencent (Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments.
EnflameShanghai Enflame Technology Co., Ltd. (Enflame; Chinese: 燧原科技; pinyin: Suìyuán Kējì) is a Chinese technology company headquartered in Shanghai. The company develops general-purpose computing on graphics processing units (GPGPUs) for use in the field of cloud computing and artificial intelligence (AI). It has been compared to Nvidia due to their similar focus. BackgroundEnflame was founded in March 2018 by two former AMD employees.
MicrosoftMicrosoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windows and has since expanded into areas such as Internet services, cloud computing, artificial intelligence, video gaming, and more.
Moore ThreadsMoore Threads Technology Co. Ltd (Chinese: 摩尔线程) is a Chinese company specializing in graphics processing unit (GPU) design. HistoryThe company was founded in October 2020 by Zhang Jianzhong, former global vice president and general manager of Nvidia's Chinese branch. It was co-founded by Zhang Yubo. It received funding from investors including Shenzhen Capital Group, GGV Capital, Sequoia Capital China, ByteDance, and Tencent.
Qiming Venture PartnersQiming Venture Partners (Qiming; Chinese: 啟明創投; pinyin: Qǐmíng chuàngtóu) is a China-based venture capital firm. It primarily invests in technology, Internet and healthcare-related companies across China. It is an early investor in ByteDance, Xiaomi, Meituan, and Bilibili. According to South China Morning Post, from January 2019 to May 2020, it was the seventh-most active venture capital firm in China.
HuaweiHuawei Technologies Co., Ltd. (sometimes stylized as HUAWEI; HWAH-way; Chinese: 华为; pinyin: ) is a Chinese multinational technology conglomerate company headquartered in Longgang, Shenzhen, Guangdong. Its main product lines include telecommunications equipment, consumer electronics, electric vehicle autonomous driving systems, and rooftop solar power products.
ShanghaiMunicipality and largest city in ChinaMunicipality in ChinaShanghai is a provincial-level direct-administered municipality in China. It has a population of 30,050,000 in the urban area as of 2026, thus making it China's most populous city and more broadly the fifth-largest city in the world by population. The city is located on the southern estuary of the Yangtze River, with the Huangpu River bisecting the city.
AI tiger'AI tiger' (Chinese: AI六小虎, romanized: AI liù xiǎohǔ, lit.'Six AI little tigers') is a term for notable startup companies in the artificial intelligence industry in China. There are commonly six companies defined as AI tigers: Z.ai (GLM), Moonshot AI (Kimi), MiniMax, Baichuan, StepFun, and 01.AI. Funding rounds for the tigers are led by BATX, which are composed of China's four largest tech firms.
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