Investing.com -- China’s tech giants ByteDance and Alibaba Group Holdings Ltd ADR (NYSE:BABA) are preparing to launch their next flagship AI models during the Lunar New Year holiday in mid-February, intensifying the competition for AI dominance in the country. ByteDance plans to release three new AI models next month: Doubao 2.0 (a large language model), Seedream 5.0 (an image generation model), and SeedDance 2.0 (a video generation model), according to reporting from The Information, citing sources with direct knowledge of the matter. Meanwhile, Alibaba aims to launch Qwen 3.5, its new flagship AI model specifically optimized for complex reasoning tasks, during the same holiday period, The Information reported. The Qwen app now has more than 100 million monthly active users. Related articlesByteDance and Alibaba to release new AI models for Lunar New Year - InformationCarvana stock rises as analysts defend company following short reportJPM starts Barrick Mining at Overweight, flags valuation gap versus Agnico Eagle