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As of September 2026, China's six leading AI firms (Alibaba, ByteDance, Z.ai, Moonshot, DeepSeek and MiniMax) together earned about 10% of the combined AI-related revenue of OpenAI and Anthropic

SourceEpoch AI·Sep 2026

Verified 2026-10-29

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Why it matters

Strong Chinese models do not yet translate into comparable income, which limits how much Chinese labs can spend on compute to keep pace with US frontier labs.

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