---
title: "BREAKINGVIEWS-China AI labs face growing open-source dilemma"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/280411412.md"
datetime: "2026-03-25T04:27:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280411412.md)
  - [en](https://longbridge.com/en/news/280411412.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280411412.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280411412.md) | [English](https://longbridge.com/en/news/280411412.md)


# BREAKINGVIEWS-China AI labs face growing open-source dilemma

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)

By Robyn Mak

HONG KONG, March 25 (Reuters Breakingviews) - Making models freely available has helped Alibaba and compatriots innovate. US startups like the $29 bln Cursor benefit too. But mounting investor pressure to turn a profit may prompt a rethink to prioritise proprietary breakthroughs. And it’d suit Beijing’s geopolitical outlook.

Full view will be published shortly. Follow Robyn Mak on X.

### CONTEXT NEWS

An executive from U.S. artificial intelligence coding startup Cursor acknowledged on March 21 that the company’s latest model, the Composer 2, “started from” Chinese open-source model Kimi 2.5, after claims from a developer posting on X. In November 2025, Cursor announced it had raised $2.3 billion at a post-money valuation of $29.3 billion. Its investors include Accel, Thrive, Andreessen Horowitz, Nvidia, Google and Coatue. The company is currently in talks to raise more funds at a $50 billion valuation, Bloomberg reported on March 12, citing sources.

Moonshot, which owns the Kimi model and chatbot, is raising funds at a target valuation of $10 billion, Bloomberg reported in February, citing sources. Its existing backers include Tencent and Alibaba. (Editing by Una Galani; Production by Aditya Srivastav)

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