[China's Large Models Not Only Compete on Low Prices, 5 Teams May Reach $2.6 Billion in Annualized Revenue] According to monitoring by Beating, affordable pricing and open weights initially helped Chinese models attract users. Now, these users and enterprise deployments are starting to generate revenue. Menlo Ventures partner Deedy Das, after compiling financial reports, media coverage, and market information, estimates that the combined annualized revenue of Zhipu, DeepSeek, Dark Side of the Moon, Keling, and MiniMax is approximately $2.6 billion. Among them, Zhipu accounts for about $1 billion, DeepSeek and Keling each around $500 million, MiniMax about $400 million, and Dark Side of the Moon approximately $200 million. Four of these five teams have already entered the top 25 global AI companies by revenue. The competitiveness of Chinese models is expanding from low prices and open weights to APIs, subscriptions, enterprise deployments, and cloud services. [Original Article Link]