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China AI Index
Your go-to intelligence source for China's AI ecosystem
177 articles · last updated 07:04 AM
ByteDance Industry Jul 30, 2026 AUTO
ByteDance’s plan to dominate AI
ByteDance
ByteDance Model Release Jul 30, 2026 AUTO
How ByteDance’s Seedance model empowers China’s nascent AI comic drama industry
Model ReleaseByteDance
Industry Industry Jul 30, 2026 AUTO
Winner of US-China AI rivalry falls 9% in Hong Kong debut
Industry Funding Jul 30, 2026 AUTO
China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
Funding
Industry Industry Jul 29, 2026 AUTO
The U.S. wants Asia to use its AI — but China dominates cheaper models
Moonshot AI Industry Jul 29, 2026 AUTO
Why Moonshot's Kimi K3 Matters Beyond China
Moonshot AI
CXMT (ChangXin Memory) Policy Jul 29, 2026 AUTO
The CXMT shock: how China’s viable alternatives punch Nvidia, Micron, SK Hynix shares
PolicyCXMT (ChangXin Memory)
Moonshot AI Industry Jul 29, 2026 AUTO
Global quest: China’s Moonshot AI seeks ambassadors to expand Kimi’s influence
Moonshot AI
Moonshot AI Industry Jul 29, 2026 AUTO
Chinese AI start-up Moonshot seeks influential ambassadors to widen Kimi’s global reach
Moonshot AI
Industry Industry Jul 29, 2026 AUTO
China should lean into its defining AI advantage – accessibility
Moonshot AI Funding Jul 29, 2026 AUTO
China’s Moonshot AI Passes Funding Goal to Hit $35 Billion Value
FundingMoonshot AI
Industry Industry Jul 29, 2026 AUTO
Localized demand shields China AI from global semiconductor volatility: Morgan Stanley
Cambricon Policy Jul 29, 2026 AUTO
Chinese AI chipmaker Cambricon aims for US$14b revenue over 3 years
PolicyCambricon
Industry Policy Jul 29, 2026 AUTO
Strong domestic demand and policy stimulus will support China's AI growth: UBS
Policy
Industry Industry Jul 29, 2026 AUTO
Meta's Zuckerberg says US should not block Chinese AI models, FT reports
Industry Policy Jul 29, 2026 AUTO
Mark Zuckerberg says US should not ban Chinese AI
Policy
Industry Industry Jul 29, 2026 AUTO
Should China aim for the lead in making AI rules for the world?
Industry Policy Jul 28, 2026 AUTO
Nvidia CEO Jensen Huang meets US officials as scrutiny grows over China chip access
Policy
Industry Policy Jul 28, 2026 AUTO
Trump administration bans new Chinese humanoid robots, to protect US AI buildout
Policy
Industry Policy Jul 28, 2026 AUTO
China DUV Chipmaking: How Machine Advances Could Reduce Reliance on ASML, Nvidia
Policy
01
01.AI
🟣 Private 📍 Beijing 📅 Founded 2023 👥 ~200
01.AI was founded in March 2023 by Kai-Fu Lee and built the open-source Yi model series before pivoting in early 2025 to commercial applications on top of DeepSeek's models, led by its global product PopAI. Most of its LLM training team moved to a joint lab with Alibaba Cloud in January 2025.
Yi-Lightning Text Closed
MoE flagship API model (Oct 2024). Ranked #6 on Chatbot Arena at launch — joint 3rd among LLM companies. 40% faster inference than prior Yi models. Final model before 01.AI halted pre-training in early 2025.
Context16K
Input $0.14/1M tokens
Output $0.14/1M tokens
View Docs ↗
Yi-Coder Code Open
Code model (Sep 2024); 1.5B and 9B variants; supports 52 programming languages; 128K context window.
Context128K
Input
Output
View Docs ↗
Yi-1.5 Text Open
Open-source series (May 2024); 6B–34B variants. Improved coding, math, reasoning, and instruction-following over original Yi.
Context
Input
Output
View Docs ↗
Yi-VL-34B Multimodal Open
34B vision-language model (early 2024). Open-weight multimodal extension of Yi-34B.
Context
Input
Output
View Docs ↗
Yi-34B Text Open
Founding open-source model (Nov 2023). Topped HuggingFace Open LLM Leaderboard and C-Eval at launch. 200K-token context variant (Yi-34B-200K) also available.
MMLU76.3/100
Context200K
Input
Output
View Docs ↗
Data compiled from public sources and fact-checked by Tony Peng with the assistance of AI. Round sizes and valuations may be approximate.
Total Raised
$300M+
All rounds
Valuation
$1B
Post-money (approx.)
Last Round
2024
Most recent year
2023-11
Series A$300M
TencentXiaomiAlibaba CloudSinovation Ventures
2024-08
StrategicUndisclosed
Southeast Asian consortium
AI-powered document workspace targeting global markets. Features chat-with-document, AI presentation generation, and visual understanding. Supports 200+ languages. Primary B2C revenue driver for 01.AI following the company's 2025 pivot away from LLM pre-training.
ChatDocumentsGlobalConsumer
01.AI Business Apr 1, 2025
01.AI Steps Back from Pretraining Frontier Models, Pivots to Enterprise and Sovereign AI
Kai-Fu Lee's 01.AI stopped pretraining its own frontier LLMs, choosing instead to build tailored solutions on top of open models such as DeepSeek's for enterprise and government clients in finance, gaming, and legal — and increasingly for "sovereign AI" deployments abroad. Lee said the company was preparing a new funding round and a 2027 IPO.
BusinessStrategySovereign AIEnterprise
Kai-Fu Lee
Kai-Fu Lee
李开复
Founder & Chairman
Get the Newsletter (Free)
80B MoE (13B active); text-to-image and image-to-image with reasoning. Open weight on HuggingFace. Released Jan 26, 2026.
Context Window
View Docs / Model Card ↗
Hy-Embodied-VLA-0.5 embodied
Vision-language-action model trained on 10,000+ hours of data, deployable across different robot platforms
Hy-Embodied-VLM-1.0 embodied
Perception model for robots; best-in-class on 19 of 38 benchmarks at 1/10th the compute of Tencent's prior flagship
Hy-Embodied-RxBrain-1.0 embodied
Reasoning engine for embodied cognition: joint language-visual reasoning, world-state prediction, subgoal planning; ships with open RxBrain-Bench
Hy3 (Hunyuan 3.0) Text
295B total / 21B active + 3.8B MTP layer, 192 routed experts (top-8) + 1 shared; official release upgrades Apr 2026 preview, deployed across WeChat, Yuanbao, WorkBuddy
Hunyuan3D 3.0 3D Gen
3D asset generation from text, image, or sketch input
Hy3-preview Text
295B MoE (21B active); reasoning, coding, and agentic workloads. Via Tencent Cloud TokenHub. Released Apr 23, 2026.
Funding & Markets
Private funding rounds and public market data for China's leading AI companies
Data methodology: Funding data on this page is compiled from publicly available sources — company press releases, regulatory filings, and media reports — and fact-checked by Tony Peng with the assistance of AI. Where a round appears in both a company disclosure and press report, company disclosure takes precedence. All figures may be approximate.
20 Public · 20 Private
Companies tracked
~$26.4B
AI startup funding · 12 AI-native cos
📊 Compare
Funding timelines · AI-native cos
Most Active Investors in AI
by portfolio companies
1
Tencent 15 cos
2
Alibaba 12 cos
3
IDG Capital 9 cos
4
HongShan Capital 8 cos
5
Shunwei Capital 7 cos
6
Qiming Venture Partners 6 cos
7
Ant Group 5 cos
8
Zhongguancun Science City 5 cos
9
Lenovo Ventures 5 cos
10
Meituan 4 cos
11
Xiaomi 4 cos
12
Shenzhen Capital Group 4 cos
13
Beijing AI Industry Investment Fund 4 cos
14
Source Code Capital 3 cos
15
DST Global 3 cos
BD
ByteDance
Private Company
PRI
Valuation
$600B
Total Raised
~$12.61B+
Seedance ARR
¥12B as of 2026-05
Last round: 2023
AL
Alibaba
Public — BABA / 9988.HK
PUB
Market Cap
Cloud Revenue (FY25)
¥158B
AI ARR
¥10B as of 2026-06
NYSE: BABA · HKEX: 9988
ZH
Zhipu AI (Z.ai)
Public — 2513.HK
PUB
Market Cap
Total Raised
~$1.75B
AI ARR
$1B as of 2026-07
HKEX: 2513
MM
MiniMax
Public — 0100.HK
PUB
Market Cap
Total Raised
$2.17B
AI ARR
$300M as of 2026-06
HKEX: 0100
MS
Moonshot AI
Private Company
PRI
Valuation
$20B
Total Raised
~$4.7B+
AI ARR
$300M as of 2026-06
Last round: 2026
DS
DeepSeek
Private Company
PRI
Valuation
$50B
Total Raised
$7.35B
AI ARR
$500M as of 2026-07
Last round: 2026
SF
StepFun
Private Company
PRI
Valuation
$10B
Total Raised
$3.23B+
Last round: 2026
BD
Baidu
Public — BIDU / 9888.HK
PUB
Market Cap
NASDAQ: BIDU · HKEX: 9888
AN
Ant Group
Private Company
PRI
Valuation
$79B
Total Raised
$20.53B+
Last round: 2020
TC
Tencent
Public — 0700.HK
PUB
Market Cap
Revenue (FY25)
¥751.8B
HKEX: 0700
KS
Kuaishou
Public — 1024.HK
PUB
Market Cap
Kling ARR
$500M as of 2026-04
HKEX: 1024
MI
Xiaomi
Public — 1810.HK
PUB
Market Cap
Revenue (FY25)
¥457.3B
HKEX: 1810
MT
Meituan
Public — 3690.HK
PUB
Market Cap
Revenue (FY25)
¥364.9B
HKEX: 3690
AS
AIsphere
Private Company
PRI
Valuation
$2B
Total Raised
~$669M+
Last round: 2026
UR
Unitree Robotics
Private Company
PRI
Valuation
~$1.65B
Total Raised
~$14.96B+
Last round: 2025
ST
SenseTime
Public — 0020.HK
PUB
Market Cap
Revenue (FY25)
¥5.01B
HKEX: 0020
BC
Baichuan AI
Private Company
PRI
Valuation
$2.7B
Total Raised
$1.04B
Last round: 2024
01
01.AI
Private Company
PRI
Valuation
$1B
Total Raised
$300M+
Last round: 2024
KL
Kunlun Tech
Public — 300418.SZ
PUB
Market Cap
Revenue (FY25)
¥8.2B
SZSE: 300418
EV
Evoken
Private Company
PRI
Valuation
$2B
Total Raised
$430M+
Last round: 2026
IFT
iFlyTek
Public — 002230.SZ
PUB
Market Cap
~¥190B
FY2025 Revenue
¥27.1B
SZSE: 002230
INF
Infinigence AI
Private Company
PRI
Valuation
Undisclosed
Total Raised
~$251M+
Last round: 2026
EF
Enflame Technology
Private Company
PRI
Valuation
Total Raised
Last round:
SF
SiliconFlow
Private Company
PRI
Valuation
¥7.7B
Total Raised
$287M
Revenue
¥55.3M FY 2025
Last round: 2026
CBR
Cambricon
Public — 688256.SS
PUB
Market Cap
FY2025 Revenue
¥6.5B
STAR Market: 688256
MB
ModelBest
Private Company
PRI
Valuation
¥20B
Total Raised
Undisclosed
Last round: 2026
MT
Moore Threads
Public — — (SSE)
PUB
Market Cap
FY2025 Revenue
¥1.505B
SSE (Shanghai)
WR
WeRide
Public — WRD / 0800.HK
PUB
Market Cap
FY2025 Revenue
~$93.6M
NASDAQ: WRD · HKEX: 0800
PA
Pony.ai
Public — PONY / 2026.HK
PUB
Market Cap
FY2025 Revenue
$90.0M
NASDAQ: PONY · HKEX: 2026
SS
Shengshu Technology
Private Company
PRI
Valuation
Undisclosed
Total Raised
~$440M
Last round: 2026
DA
DiDi Autonomous Driving
Private Company
PRI
Valuation
Undisclosed
Total Raised
$1.39B+
Last round: 2025
US
Unisound
Public — 9678.HK
PUB
Market Cap
FY2025 Revenue
¥1.21B
HKEX: 9678
MO
Momenta
Public — 06880.HK
PUB
Market Cap
FY2025 Revenue
¥2.4B
HKEX: 06880
360
Qihoo 360 (三六零)
Public — 601360.SS
PUB
Market Cap
~$10.1B
Market Cap
~$10.1B
SSE: 601360
CX
CXMT (ChangXin Memory)
Public — 688825.SS
PUB
Market Cap
IPO Proceeds
~$8.6B
STAR Market (SSE): 688825
MA
Manus (Butterfly Effect)
Private Company
PRI
Valuation
~$500M
Total Raised
$75M
Last round: 2025
LX
LimX Dynamics
Private Company
PRI
Valuation
¥15B
Total Raised
~$400M+
Last round: 2026
XP
XPeng
Public — XPEV / 9868.HK
PUB
Market Cap
NYSE: XPEV · HKEX: 9868
AG
AGIBot
Private Company
PRI
Valuation
~$1.5B+
Total Raised
$84M+
Last round: 2025
HW
Huawei
Private Company
PRI
Valuation
Total Raised
Last round: undefined
Applications
AI products from China's leading companies, by category
Est. 2026

The essential tracker for
China's AI ecosystem

One place to follow every major model release, funding round, product launch, and breakthrough from China's AI ecosystem.

About the creator
Tony Peng
Tony Peng
AI observer · Journalist · Communications professional

China AI Index is a personal research project built and maintained by Tony Peng — a long-time observer of the AI industry with a background in journalism and communications — with the assistance of Claude Code. Tony is also the writer behind Recode China AI, a weekly (sometimes biweekly) newsletter tracking the latest advances and news stories in intelligent technologies — AI, autonomous vehicles, biocomputing, and chips.

This database exists primarily for research purposes — to give English-speaking researchers, investors, journalists, and developers a single structured reference for tracking China's rapidly evolving AI ecosystem. Most authoritative information about Chinese AI labs is published in Chinese; China AI Index synthesizes and translates that into one accessible place.

What we track
Models
Every major LLM, reasoning model, vision model, and generative AI model from Chinese labs — with benchmark scores, context windows, and live API pricing so you can compare apples to apples.
Financing
Full funding histories for private companies (ByteDance, DeepSeek, MiniMax, Moonshot…) and market data for public ones (Alibaba, Baidu, Tencent, Kuaishou). Valuations, investors, round sizes.
Newsfeed
News covering model launches, research breakthroughs, product announcements, and strategic moves — presented in a clean timeline with company tags and category filters.
People
Key founders, CEOs, CTOs, and researchers behind China's AI labs — with titles, Chinese names, and links to their social profiles so you know the faces shaping the industry.
Regulation
A timeline of China's AI rules — generative AI measures, algorithm filing requirements, model approval lists, data law touchpoints, and provincial subsidy programs. Click any entry for the original text.
Chips
Domestic AI accelerators, training clusters, and memory chips — specs, interconnect bandwidth, process nodes, and deployment status for China's emerging chip ecosystem.
Data Disclaimer

All pricing, benchmark scores, funding amounts, and valuations are sourced from public company announcements, tech media reporting, and developer documentation. They are provided for informational purposes only and may be approximate or subject to change.

Stock prices shown are approximate historical ranges — not real-time quotes. Always verify with a live financial data source before making investment decisions. Benchmark scores reflect results at the time of model release and may not account for subsequent updates.

This database is independently maintained and has no affiliation with any of the companies listed. Information is updated manually on a best-effort basis.

Get in touch
Leave a message
Have a correction, suggestion, or just want to say hello? Send a note — Tony reads every message.
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2026 Jul
TC260Agentscybersecurity
Effective: 2026-07-01 Issuer: TC260 (National Information Security Standardization Technical Committee) Type: Practice Guide

Sets a lifecycle security framework for AI agents across five stages — assessment, preparation, deployment, use, decommissioning. Requires least-privilege access, restricted network exposure, full audit logging, secondary confirmation on high-risk operations (payments, deletions, permission changes), sandboxing, and secure data wipe on decommission. Reflects a shift from treating agents as lightweight LLM wrappers to integrated systems with memory/tools/autonomy that need dedicated governance.

View Official Text ↗
2025 Mar
LabelingWatermarkingGenAIKey
Effective: Sep 1, 2025 Issuer: CAC / MIIT / MPS / NRTA Type: Administrative Measure

Mandates two-layer labeling for all AI-generated text, images, audio, video, and virtual scenes: an explicit label visible to users (text, voice, or graphic indicator) and an implicit label embedded in file metadata as a digital watermark carrying generation information and producer details. Download, copy, and export functions must preserve labels. Content distribution platforms must verify metadata and add indicators when redistributing AI content. Users publishing AI-generated content must declare its origin. Prohibits malicious deletion, tampering, forgery, or concealment of required labels, and bans tools that enable such conduct. Issued March 7, 2025; effective September 1, 2025.

View Official Text ↗
2024 Sep
DataSecurityCross-borderKey
Effective: Jan 1, 2025 Issuer: State Council (Order No. 790) Type: Administrative Regulation

Nine-chapter framework governing network data processing activities within China, including foreign entities handling Chinese citizens' data. Mandates that data processors implement encryption, backup, access control, and security authentication. Requires transparent processing rules and individual consent for sensitive personal data, with rights to access, correct, delete, and cancel accounts. Processors handling data on 100M+ people must appoint a security officer, conduct risk assessments, and file annual reports. Establishes conditions for cross-border data transfers via security evaluation or certification. Requires major platforms to verify apps, implement recommendation controls, and publish transparency reports. Issued Sep 24, 2024; effective Jan 1, 2025.

View Official Text ↗
2024 Sep
SafetyFoundation ModelsFrameworkKey
Effective: Sep 9, 2024 Issuer: 全国网络安全标准化技术委员会 (TC260) Type: Governance Framework

China's first dedicated AI safety governance document, issued by the National Cybersecurity Standardization Technical Committee. Establishes four core governance principles: inclusive caution with safety assurance, risk-oriented agile management, combined technical and administrative approaches, and open international cooperation. Addresses three categories of internal risk — model algorithm safety, data security, and system safety — and four application risk domains spanning network, physical, cognitive, and ethical dimensions. Provides technical countermeasures and guidance on secure AI development practices. Non-binding but signals regulatory direction for future standards.

View Official Text ↗
2023 Aug
GenAIRegistrationContentKey
Effective: Aug 15, 2023 Issuer: CAC / MOST / MPS / MIIT / MCI Type: Administrative Measure

China's first dedicated generative AI regulation. Requires providers offering GenAI services to Chinese consumers to register with the CAC, comply with "core socialist values," label AI-generated content, conduct security assessments, protect user privacy, and maintain complaint mechanisms. Introduced the model filing and approval requirement that led to the published approval lists. Applies to any entity providing GenAI services in China, regardless of where the service originates.

View Official Text ↗
🔒 5 more regulations — Paid Subscribers Only
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China's Chip Ecosystem

Domestic AI accelerators, large-scale training clusters, and memory chips — tracking the hardware layer behind China's AI buildout.

AI Accelerators
Clusters & Supernodes
Memory & HBM
Role
Precision
Company Chip Role Peak Compute Memory Tech Capacity Bandwidth Interconnect
Bandwidth
TDP Process Status Highlights
Huawei ↗
Ascend 910B
Training
256 TFLOPS
BF16
HBM2e 64 GB 2.0 TB/s
392 GB/s
HCCS 3.0
400 W SMIC N+2 Production Most-deployed domestic training chip. Used at Alibaba, ByteDance, Baidu, and Tencent.
Huawei ↗
Ascend 910C
Training
800 TFLOPS
FP16
HBM2e 96 GB 4.0 TB/s
800 GB/s
HCCS
900 W SMIC N+2 Production Dual-die upgrade to 910B. Powers the Atlas 900 A3 SuperPoD (300 PFLOPS).
Huawei ↗
Ascend 950
Training
1 PFLOPS
FP8
128–144 GB
2.0 TB/s
per chip
Planned 2026 target. Powers Atlas 950 SuperPoD (8 EFLOPS); targets Nvidia B200-class.
Huawei ↗
Ascend 960
Training
2 PFLOPS
FP8
Planned 2027 roadmap. Targets 2× Ascend 950 performance.
Alibaba (T-Head) ↗
Hanguang 800
Inference
820 TOPS
INT8
512 GB/s
12nm Production Alibaba's first custom chip (2019). Inference-only for internal search and recommendation.
🔒 15 more accelerators — paid subscribers only
Specs marked ~ are estimates from third-party analysis. Click any column header to sort. Interconnect Bandwidth = chip-to-chip fabric bandwidth per chip (bidirectional).
Cluster / Supernode Operator Chip Chip Count Total Compute Interconnect Fabric Notes
Atlas 900 A3 SuperPoD (CloudMatrix 384)
Huawei Cloud Ascend 910C 384
300 PFLOPS
FP16
All-optical (OXC) Huawei's current-generation supernode. Uses optical circuit switching (OXC) for low-latency inter-chip communication. Announced April 2025 as a full-stack domestic alternative to Nvidia GB200 NVL72.
Atlas 950 SuperPoD
Huawei Cloud Ascend 950 8,192
8 EFLOPS
FP8
16.3 PB/s aggregate Next-generation supernode targeting 2026 delivery. 1,152 TB total memory. Full liquid cooling. Footprint larger than two basketball courts. Would represent a major leap in domestic training capacity if delivered at spec.
Atlas 960 SuperPoD
Huawei Cloud Ascend 960 15,488
2027 roadmap
Huawei's 2027 roadmap cluster. No confirmed specs — scale figure from Huawei roadmap slides.
Kunlun Training Cluster
Baidu / Kunlunxin ↗ Kunlun P800 30,000
DeepSeek-scale
hundreds of B params
Baidu's 30,000-chip P800 cluster reported capable of training models with hundreds of billions of parameters — comparable to DeepSeek-scale workloads. Deployed 2025.
Panjiu Supernode (AL128)
Alibaba Cloud ↗ Zhenwu M890 128 / rack
800 GB/s ICN Switch 1.0 Alibaba's modular supernode architecture. 128 Zhenwu M890 chips per rack unit, fully liquid cooled. Announced May 2026 alongside the M890.
Cluster sizes and compute figures are from official announcements or credible press reports.
Company Product Type Capacity Bandwidth Process Status Notes
CXMT ↗
DDR5
DDR 16–32 Gb dies ~6400 MT/s ~16nm (G4) Production CXMT's latest-generation DDR5, unveiled Nov 2025 — its push into the high-end DRAM market against Samsung, SK Hynix, and Micron.
CXMT ↗
LPDDR5X
LPDDR Mobile ~8533 MT/s ~16nm Production Low-power mobile DRAM for smartphones and edge/AI devices.
CXMT ↗
DDR4 / LPDDR4X
DDR 8–16 Gb ~3200 MT/s 17–19nm Production CXMT's mainstream high-volume DRAM lines — the core of current revenue and China's domestic DRAM supply.
CXMT ↗
HBM (in development)
HBM Planned High-bandwidth memory for AI accelerators. Back-end packaging facility in Shanghai targeting production by end-2026.
DRAM, HBM, and NAND from Chinese memory makers. Specs marked ~ are estimates from third-party analysis or press reports.
🔒 Free Preview — Paid Subscribers Only
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Compare
Cumulative external funding in USD millions. Undisclosed rounds excluded. RMB converted at 6.8 : 1 USD · HKD at 7.8 : 1 USD · Click a company chip to toggle it on/off.