The Beijing startup founded by technology pioneer Kai-Fu Lee is introducing its first artificial-intelligence application for consumers, a step aimed at helping China capitalize on the promising technology.

Lee’s firm, 01.AI, is launching a free productivity assistant called Wanzhi, the latest in a series of AI products it’s developing. Similar to Microsoft Corp.’s Office 365 Copilot, it helps users create spreadsheets, documents and slide presentations more quickly—though it’s mainly tailored for the Chinese market. It can interpret financial reports, take minutes for meetings and speed-read books as long as Elon Musk’s 600,000-word biography to give a quick synopsis. The app works in Chinese and English.

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