Chinese firms in particular have been pushing forward with open source models, Alibaba's and DeepSeek's now among the most popular used globally. Alibaba published its first open source model in August 2023, while Meta is leading the open source charge with its Llama models in the U.S.
Alibaba's stock has been on a tear this year, with the Hong Kong listing up 66% in 2025 to date due to factors including the company's improved financial performance, its perception as one of the key AI players in China and recent signals of further support from Chinese president Xi Jinping for the domestic private sector.