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Companies

Manus Parent Butterfly Effect Closes Over $500 Million Funding Round Led by Boyu and IDG Capital

Butterfly Effect, the Chinese company behind AI agent Manus, has completed a new funding round exceeding $500 million led by Boyu Capital and IDG Capital, with existing backers Tencent, HSG and ZhenFund also participating. The round confirms renewed investor confidence in China's AI agent sector following the company's separation from Meta and resumption of independent operations.

Models

AWS Bedrock Integrates Zhipu GLM-5.3 With Revenue-Sharing Model as Chinese AI Lab Builds Global Distribution

Amazon Web Services has integrated Zhipu AI's GLM-5.3 open-weight model into its Bedrock platform under a usage-based revenue-sharing agreement, marking a major commercial milestone for a Chinese large language model company seeking global enterprise distribution through Western cloud infrastructure. Zhipu's Hong Kong-listed shares rose more than 7% on the news as investors recognized the deal as validation of the company's multi-cloud internationalization strategy.

Latest China AI news — Page 28 | China AI Wire