7 July 2025 | 9:24AM HKT China Software: Product Tracker: AI agents upgraded, multi-modal AI models to unlock use cases; Software projects bidding review We reviewed software product launches form 1Q25 till date (Exhibit 1), and see the momentum of AI-native applications and software with AI features new launches remaining strong in 2Q25, especially agentic AI, multi-modal AI model, and model deployment. Vendors across AI foundation models and applications are migrating from basic integration to LLMs to mor ...