🇨🇳China
is #2 in AI funding.

China is a top-3 power in the global AI race — $23.5B of all-time AI capital across 38 orgs, and 238 MW of operational AI compute across 3 datacenters.China has raised 3.8× more AI money than the rest of Asia combined.

03 — Roster

Top 9 of 38 AI orgs tile area ≈ funding

#1 $3.9B #2 $3.0B #3 $2.0B #4 $1.4B #5 $1.4B #6 $1.3B #7 $1.2B #8 $1.0B #9 $1.0B

see all 38 orgs

ORG LATEST FUNDING

Moonshot AI

Founded in March 2023 by Tsinghua-trained, ex-Google Brain researcher Yang Zhilin…

May 2026

$3.9B

Horizon Robotics

A Beijing automotive-AI chip company founded in 2015 by Yu Kai, the former head of…

$3.0B

SenseTime

A Chinese AI company founded in October 2014 by Tang Xiaoou, then chair of information…

$2.0B

Megvii

A Beijing-based computer-vision company founded in 2011 by Tsinghua Yao Class graduates…

$1.4B

WeRide

A Guangzhou-based autonomous driving company founded in 2017 by Tony Han, formerly chief…

$1.4B

Pony.ai

A Chinese autonomous driving company founded in December 2016 by ex-Baidu engineers James…

$1.3B

Momenta

A Suzhou-based autonomous-driving company founded in 2016 by Cao Xudong, the former head…

$1.2B

Baichuan AI

A Beijing-based LLM company founded in April 2023 by Wang Xiaochuan, the Tsinghua-trained…

Jul 2024

$1.0B

4Paradigm

A Beijing-based enterprise AI platform founded in 2014 by Dai Wenyuan and other former…

$1.0B

Cambricon

A Beijing-based AI chip designer founded in 2016 by brothers Chen Tianshi and Chen Yunji,…

$1.0B

StepFun

A Shanghai AI lab founded in April 2023 by Jiang Daxin, the former chief scientist of…

Jan 2026

$718M

DeepSeek

A Hangzhou LLM lab founded in 2023 by Liang Wenfeng, also founder of the quantitative…

$704M

Biren Technology

A Shanghai-based fabless GPU designer founded in 2019 by Lingjie Xu, a former Alibaba and…

$700M

Enflame Technology

A Shanghai-based AI accelerator designer founded in March 2018 by ex-AMD engineers Zhao…

$700M

Moore Threads

A Beijing GPU-design startup founded in October 2020 by Zhang Jianzhong, the former…

$700M

MiniMax

A Shanghai-based foundation-model company founded in late 2021 by ex-SenseTime…

Mar 2026

$619M

Z.ai

A Beijing LLM company spun out of Tsinghua University in 2019 by professors Tang Jie and…

Mar 2026

$558M

Black Sesame Technologies

A Wuhan-headquartered automotive AI chip designer founded in 2016 by Liu Weihong.

$500M

01.AI

A Beijing-based LLM lab founded in March 2023 by Kai-Fu Lee, the former president of…

Aug 2024

$300M

AgiBot

A Shanghai-based humanoid-robot company founded in 2023 by ex-Huawei "Genius Youth"…

$300M

Unitree Robotics

A Hangzhou-based robotics company founded in August 2016 by Wang Xingxing, who started…

$200M

Galbot

A Beijing-based humanoid robotics startup founded in 2023 by Peking University professor…

$140M

Shengshu AI

A Beijing-based generative video AI startup founded in March 2023 by a team from Tsinghua…

$140M

Alibaba Qwen

Alibaba's foundation-model team based in Hangzhou.

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Ant Group InclusionAI

Ant Group's open-source AGI research initiative based in Hangzhou.

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Baidu ERNIE

Baidu's foundation-model team, headquartered at the Baidu Campus in Beijing.

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Beijing Academy of Artificial Intelligence

A Beijing-based nonprofit AI research institute (also known as Zhiyuan) founded in 2018…

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ByteDance Seed

ByteDance's foundation-model team, formed in 2023 in Beijing under former Google research…

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China Mobile

China Mobile's AI division, headquartered in Beijing, ships the Jiutian ("Nine Heavens")…

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China Telecom

China Telecom's AI arm, based in Beijing, develops the TeleChat open-weight LLM series…

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Huawei Noah's Ark Lab

Huawei's flagship AI research lab, established in 2012 and headquartered at the company's…

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iFlytek

A Hefei-headquartered Chinese speech-AI giant founded in 1999 by Liu Qingfeng and a group…

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Inspur

A Jinan-based Chinese server and cloud-infrastructure giant founded in 1945 and one of…

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Kunlun Tech Skywork

Skywork (Tiangong) is the AGI subsidiary of Beijing-listed Kunlun Tech (300418.

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Meituan LongCat

Meituan's in-house foundation-model lab based at the delivery giant's Beijing…

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Shanghai AI Laboratory

A government-backed AI research institute unveiled at the World AI Conference in July…

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Tencent Hunyuan

Tencent's in-house large-model program, developed by Tencent AI Lab in Shenzhen since the…

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Xiaomi MiMo

Xiaomi's in-house LLM program, developed at the company's Beijing Haidian campus and…

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