diff --git a/modelscope/version.py b/modelscope/version.py
index 1e4826d6..2b8877c5 100644
--- a/modelscope/version.py
+++ b/modelscope/version.py
@@ -1 +1 @@
-__version__ = '0.4.7'
+__version__ = '0.5.0'