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Business·19/7/2026ملخص الذكاء الاصطناعي
China's ModelBest Raises Over US$738 Million, Valuation Hits 20 Billion Yuan Amid Local AI Boom
Beijing-based ModelBest, a key player in on-device AI, secured over 5 billion yuan (US$738 million) in funding this year, pushing its valuation to 20 billion yuan after its latest C+ Series round. This milestone highlights growing investor confidence in China's local AI sector.
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