AI investment and financing activities increased by 20.8% year-on-year in the second half of 2025, according to QuestMobile's latest report. The AI sector saw 186 investment events totaling 33.67 billion yuan from July to November. The report highlights a trend towards multimodal technological breakthroughs and ecosystem development, with plugins accounting for 81.5% of 205 new AI applications. The report also identifies the top AI-native apps by active users: Doubao (155 million), DeepSeek (81.56 million), and Yuanbao (20.84 million). New entrants like Ant Financial's Afu and Lingguang are gaining traction, ranking fourth and tenth in weekly active users. Multimodal interaction is now mainstream, representing 73.3% of the industry, while full-modal large-scale models, though only 1.9%, are seen as a future focus. Companies like Tencent and Ant Group are leading ecosystem development, with significant user engagement growth.