Lin Chun-yang starts his own business; the new company is valued at approximately US$2 billion.

Lin Junyang, former head of Alibaba's Qwen Big Model technology, has officially started his own business, focusing on world models and embodied intelligence. He has recruited core members from ByteDance, Tencent, and overseas backgrounds, and launched a fundraising round with a valuation of approximately $2 billion, contacting institutions such as Sequoia China and Gaorong Capital. Previously, Lin Junyang left Alibaba Cloud due to the plan to split the Qwen team; embodied intelligence is also an unfinished project he undertook at Alibaba.