Alibaba’s early August launch of the 2.4-trillion-parameter Qwen3.8-Max MoE model, followed by open-weight releases for both the flagship and a compact 27B variant, has anchored trader sentiment at 60.5% implied probability. The releases delivered competitive or superior results on coding, long-horizon agentic, and multimodal benchmarks relative to domestic rivals while accelerating Hugging Face downloads and Alibaba Cloud AI revenue. Moonshot’s earlier Kimi K3 maintains a 25% share on its agent-swarm strengths, with Z.ai, DeepSeek, and others clustered lower amid a tight race in open-weight efficiency and cost. Resolution hinges on end-October arena rankings, where further model cadence or adoption shifts could still alter positioning before the deadline.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedAlibaba 61%
Moonshot 25%
Z.ai 11%
DeepSeek 3.1%
NEW
NEW
Oct 31, 2026
Alibaba
61%
Moonshot
25%
Z.ai
11%
DeepSeek
3%
Baidu
2%
ByteDance
1%
Xiaomi
1%
Tencent
1%
MiniMax
1%
StepFun
1%
Meituan
<1%
Alibaba 61%
Moonshot 25%
Z.ai 11%
DeepSeek 3.1%
NEW
NEW
Oct 31, 2026
Alibaba
$4,642 Vol.
61%
Moonshot
$692 Vol.
25%
Z.ai
$382 Vol.
11%
DeepSeek
$228 Vol.
3%
Baidu
$218 Vol.
2%
ByteDance
$247 Vol.
1%
Xiaomi
$215 Vol.
1%
Tencent
$240 Vol.
1%
MiniMax
$343 Vol.
1%
StepFun
$236 Vol.
1%
Meituan
$265 Vol.
<1%
This market will resolve according to the company that owns the model that has the highest arena rank among primarily Chinese companies, based on the arena.ai Text Arena (Overall) when the table under the "Leaderboard" tab is checked on October 31, 2026, 12:00 PM ET.
Chinese Companies include but are not limited to Alibaba, Moonshot, Baidu, Z.ai, Xiaomi, DeepSeek, ByteDance, MiniMax, Meituan, Tencent, and StepFun. Companies not headquartered in China or not primarily owned or operating within the Chinese technology ecosystem are not considered primarily Chinese.
Results from the "Rank" column under the "Text Arena | Overall" Leaderboard tab at https://arena.ai/leaderboard/text/overall-no-style-control with style control off (Adjustments: None) and filtered for "Models" will be used to resolve this market.
Note: Models marked “AutoEval” at the applicable check time will not be considered, regardless of whether they display a rank or score.
Qualifying Chinese Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie still remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Meituan” would be ranked ahead of “Xiaomi”). This market will resolve based on the company that occupies first place under this ranking.
The resolution source for this market is the arena.ai Text Arena (Overall). If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and will resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve to "Other".Alibaba’s early August launch of the 2.4-trillion-parameter Qwen3.8-Max MoE model, followed by open-weight releases for both the flagship and a compact 27B variant, has anchored trader sentiment at 60.5% implied probability. The releases delivered competitive or superior results on coding, long-horizon agentic, and multimodal benchmarks relative to domestic rivals while accelerating Hugging Face downloads and Alibaba Cloud AI revenue. Moonshot’s earlier Kimi K3 maintains a 25% share on its agent-swarm strengths, with Z.ai, DeepSeek, and others clustered lower amid a tight race in open-weight efficiency and cost. Resolution hinges on end-October arena rankings, where further model cadence or adoption shifts could still alter positioning before the deadline.
This market will resolve according to the company that owns the model that has the highest arena rank among primarily Chinese companies, based on the arena.ai Text Arena (Overall) when the table under the "Leaderboard" tab is checked on October 31, 2026, 12:00 PM ET.
Chinese Companies include but are not limited to Alibaba, Moonshot, Baidu, Z.ai, Xiaomi, DeepSeek, ByteDance, MiniMax, Meituan, Tencent, and StepFun. Companies not headquartered in China or not primarily owned or operating within the Chinese technology ecosystem are not considered primarily Chinese.
Results from the "Rank" column under the "Text Arena | Overall" Leaderboard tab at https://arena.ai/leaderboard/text/overall-no-style-control with style control off (Adjustments: None) and filtered for "Models" will be used to resolve this market.
Note: Models marked “AutoEval” at the applicable check time will not be considered, regardless of whether they display a rank or score.
Qualifying Chinese Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie still remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Meituan” would be ranked ahead of “Xiaomi”). This market will resolve based on the company that occupies first place under this ranking.
The resolution source for this market is the arena.ai Text Arena (Overall). If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and will resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve to "Other".
Chinese Companies include but are not limited to Alibaba, Moonshot, Baidu, Z.ai, Xiaomi, DeepSeek, ByteDance, MiniMax, Meituan, Tencent, and StepFun. Companies not headquartered in China or not primarily owned or operating within the Chinese technology ecosystem are not considered primarily Chinese.
Results from the "Rank" column under the "Text Arena | Overall" Leaderboard tab at https://arena.ai/leaderboard/text/overall-no-style-control with style control off (Adjustments: None) and filtered for "Models" will be used to resolve this market.
Note: Models marked “AutoEval” at the applicable check time will not be considered, regardless of whether they display a rank or score.
Qualifying Chinese Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie still remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Meituan” would be ranked ahead of “Xiaomi”). This market will resolve based on the company that occupies first place under this ranking.
The resolution source for this market is the arena.ai Text Arena (Overall). If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and will resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve to "Other".
Market Opened: Aug 12, 2026, 7:54 PM ET
Volume
$7,707End Date
Oct 31, 2026Market Opened
Aug 12, 2026, 7:54 PM ETResolver
0x69c47De9D...This market will resolve according to the company that owns the model that has the highest arena rank among primarily Chinese companies, based on the arena.ai Text Arena (Overall) when the table under the "Leaderboard" tab is checked on October 31, 2026, 12:00 PM ET.
Chinese Companies include but are not limited to Alibaba, Moonshot, Baidu, Z.ai, Xiaomi, DeepSeek, ByteDance, MiniMax, Meituan, Tencent, and StepFun. Companies not headquartered in China or not primarily owned or operating within the Chinese technology ecosystem are not considered primarily Chinese.
Results from the "Rank" column under the "Text Arena | Overall" Leaderboard tab at https://arena.ai/leaderboard/text/overall-no-style-control with style control off (Adjustments: None) and filtered for "Models" will be used to resolve this market.
Note: Models marked “AutoEval” at the applicable check time will not be considered, regardless of whether they display a rank or score.
Qualifying Chinese Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie still remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Meituan” would be ranked ahead of “Xiaomi”). This market will resolve based on the company that occupies first place under this ranking.
The resolution source for this market is the arena.ai Text Arena (Overall). If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and will resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve to "Other".Alibaba’s early August launch of the 2.4-trillion-parameter Qwen3.8-Max MoE model, followed by open-weight releases for both the flagship and a compact 27B variant, has anchored trader sentiment at 60.5% implied probability. The releases delivered competitive or superior results on coding, long-horizon agentic, and multimodal benchmarks relative to domestic rivals while accelerating Hugging Face downloads and Alibaba Cloud AI revenue. Moonshot’s earlier Kimi K3 maintains a 25% share on its agent-swarm strengths, with Z.ai, DeepSeek, and others clustered lower amid a tight race in open-weight efficiency and cost. Resolution hinges on end-October arena rankings, where further model cadence or adoption shifts could still alter positioning before the deadline.
This market will resolve according to the company that owns the model that has the highest arena rank among primarily Chinese companies, based on the arena.ai Text Arena (Overall) when the table under the "Leaderboard" tab is checked on October 31, 2026, 12:00 PM ET.
Chinese Companies include but are not limited to Alibaba, Moonshot, Baidu, Z.ai, Xiaomi, DeepSeek, ByteDance, MiniMax, Meituan, Tencent, and StepFun. Companies not headquartered in China or not primarily owned or operating within the Chinese technology ecosystem are not considered primarily Chinese.
Results from the "Rank" column under the "Text Arena | Overall" Leaderboard tab at https://arena.ai/leaderboard/text/overall-no-style-control with style control off (Adjustments: None) and filtered for "Models" will be used to resolve this market.
Note: Models marked “AutoEval” at the applicable check time will not be considered, regardless of whether they display a rank or score.
Qualifying Chinese Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie still remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Meituan” would be ranked ahead of “Xiaomi”). This market will resolve based on the company that occupies first place under this ranking.
The resolution source for this market is the arena.ai Text Arena (Overall). If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and will resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve to "Other".
Chinese Companies include but are not limited to Alibaba, Moonshot, Baidu, Z.ai, Xiaomi, DeepSeek, ByteDance, MiniMax, Meituan, Tencent, and StepFun. Companies not headquartered in China or not primarily owned or operating within the Chinese technology ecosystem are not considered primarily Chinese.
Results from the "Rank" column under the "Text Arena | Overall" Leaderboard tab at https://arena.ai/leaderboard/text/overall-no-style-control with style control off (Adjustments: None) and filtered for "Models" will be used to resolve this market.
Note: Models marked “AutoEval” at the applicable check time will not be considered, regardless of whether they display a rank or score.
Qualifying Chinese Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie still remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Meituan” would be ranked ahead of “Xiaomi”). This market will resolve based on the company that occupies first place under this ranking.
The resolution source for this market is the arena.ai Text Arena (Overall). If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and will resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve to "Other".
Volume
$7,707End Date
Oct 31, 2026Market Opened
Aug 12, 2026, 7:54 PM ETResolver
0x69c47De9D...Alibaba’s early August launch of the 2.4-trillion-parameter Qwen3.8-Max MoE model, followed by open-weight releases for both the flagship and a compact 27B variant, has anchored trader sentiment at 60.5% implied probability. The releases delivered competitive or superior results on coding, long-horizon agentic, and multimodal benchmarks relative to domestic rivals while accelerating Hugging Face downloads and Alibaba Cloud AI revenue. Moonshot’s earlier Kimi K3 maintains a 25% share on its agent-swarm strengths, with Z.ai, DeepSeek, and others clustered lower amid a tight race in open-weight efficiency and cost. Resolution hinges on end-October arena rankings, where further model cadence or adoption shifts could still alter positioning before the deadline.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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