01.AI, led by founder and CEO Li Kaifu, is dismantling its VIE structure in preparation for an IPO, aiming to become China's first AI 2.0 company to achieve quarterly profitability by 2027. The company has shifted focus to B2B services, integrating its core R&D team into Alibaba Cloud, and abandoning costly ultra-large model pre-training. In 2025, 01.AI reported audited revenue of RMB 250 million, with contract orders totaling RMB 500 million. As of May 2026, locked-in contract orders have surpassed RMB 1.5 billion, with a target of RMB 2 billion. Nearly half of this year's orders are recurring subscription revenue, expected to enhance valuation multiples. The company has reduced annual operating costs to just over RMB 200 million, primarily due to personnel expenses. 01.AI has achieved product-market fit with its "Number One Officer Project," offering AI transformation pathways and exclusive AI agent toolkits for executives. The company is expanding its strategic client base and deploying sovereign AI solutions internationally, including in Kazakhstan. To incentivize its team, Li Kaifu announced a grant of 20 million new stock options and a CEO incentive program starting at RMB 1 million.