Moonshot AI, the Chinese AI lab behind the Kimi assistant, released Kimi K2.7 Code last Friday, according to AI model tracker LLM Stats. The release is the latest iteration in Moonshot's K2 model family, which focuses on technical and coding tasks. Chinese AI labs — including Moonshot, Alibaba's Qwen team, and MiniMax — have been releasing models at an accelerating pace in 2026, increasingly matching Western frontier models on benchmark scores while often undercutting them on price. The K2.7 Code release reflects sustained competitive pressure from Chinese labs on the global AI capability rankings.