Qwen boss says Chinese AI models have ‘less than 20%’ chance of leapfrogging Western counterparts — despite China’s $1 billion AI IPO week, capital can’t close the gap alone

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China’s AI sector made a splash this month as a cluster of domestic AI firms raised more than $1 billion through IPOs in Hong Kong. While these listings were undoubtedly meant to signal confidence, they triggered an unusually candid round of warnings from inside China’s own AI industry that the gap with the U.S. is widening in ways that fresh capital cannot easily fix.

According to reporting by data-analytics-id=”inline-link” href=”https://www.bloomberg.com/news/articles/2026-01-10/china-ai-leaders-warn-of-widening-gap-with-us-after-1b-ipo-week” target=”_blank” data-url=”https://www.bloomberg.com/news/articles/2026-01-10/china-ai-leaders-warn-of-widening-gap-with-us-after-1b-ipo-week” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none” data-mrf-recirculation=”inline-link”>Bloomberg, Justin Lin, head of Alibaba Group’s…



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Qwen boss says Chinese AI models have ‘less than 20%’ chance of leapfrogging Western counterparts — despite China’s $1 billion AI IPO week, capital can’t close the gap alone


Tom’s Hardware Premium Roadmaps

icture data-new-v2-image=”true”>a snippet from the HBM roadmap article
icture>

(Image credit: Future)

China’s AI sector made a splash this month as a cluster of domestic AI firms raised more than $1 billion through IPOs in Hong Kong. While these listings were undoubtedly meant to signal confidence, they triggered an unusually candid round of warnings from inside China’s own AI industry that the gap with the U.S. is widening in ways that fresh capital cannot easily fix.

According to reporting by data-analytics-id=”inline-link” href=”https://www.bloomberg.com/news/articles/2026-01-10/china-ai-leaders-warn-of-widening-gap-with-us-after-1b-ipo-week” target=”_blank” data-url=”https://www.bloomberg.com/news/articles/2026-01-10/china-ai-leaders-warn-of-widening-gap-with-us-after-1b-ipo-week” referrerpolicy=”no-referrer-when-downgrade” data-hl-processed=”none” data-mrf-recirculation=”inline-link”>Bloomberg, Justin Lin, head of Alibaba Group’s…



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Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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