Technology · 10.3

Cloud Services & Data Centres

Quantified news impact based on deduplicated, quality-reviewed events in a single 20-day window.

Average net impact+22weighted per event

Average gross impact26absolute weighted average

Events61same period

Confidence76%model average

Raw intensity63before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed3.1 / day

Concentration2%

Direction disagreement16%

Source independence97%23 sources

IMPACT TREND

20-day effective impact

Positive 52 · Negative 6 · Mixed 3

+450-45

15 Jul0 events

16 Jul0 events

18 Jul0 events

20 Jul0 events

21 Jul0 events

23 Jul0 events

+10

25 Jul1 event

+15

26 Jul29 events

+17

28 Jul8 events

+25

30 Jul14 events

+30

31 Jul3 events

+45

2 Aug6 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate3%52 cumulative effective impact

Short term23%359 cumulative effective impact

Medium term65%1029 cumulative effective impact

Long term9%148 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 7 · 61 events

Macro6

Macro30 Jul, 15:17positive

China’s ‘Six Networks’ Build-Out Gains Pace, Multi-Network Coordination Bolsters Investment to Expand Domestic

China’s National Development and Reform Commission detailed progress on the 'Six Networks'—water, electricity, computing, communications, urban underground pipelines and logistics—and announced heightened multi-network coordination to boost effective investment and expand domestic demand. In 2026, over RMB7 trillion will be invested in these networks and key areas. During the 15th Five-Year Plan period, investment in new-type power grids and underground pipelines is projected at around RMB5 trillion each, and computing network direct investment will add RMB4 trillion. In the first half, private capital into water network construction exceeded RMB10.8 billion, up 85.8% year-on-year.

Effective: +54
Intensity: 88
Confidence: 90%
Horizon: Long term

Macro31 Jul, 12:01positive

NDRC to Accelerate AI Law Legislation, National AI Computing Power Surges 2.8-Fold

China's National Development and Reform Commission (NDRC) announced plans to accelerate the legislative process for an artificial intelligence law, aiming to establish a key institutional framework and provide a distinctive AI governance approach. As of the end of June 2026, the national AI computing power scale had reached 2.8 times that of the same period in 2025, with AI-related industries expanding by over 30%. The NDRC emphasized the need for risk monitoring and human-centered development. Additionally, estimates indicate that the computing network during the 15th Five-Year Plan period will attract RMB 4 trillion in direct investment.

Effective: +51
Intensity: 85
Confidence: 90%
Horizon: Medium term

Macro31 Jul, 10:32positive

15th Five-Year Plan Computing Power Network to See 4 Trillion Yuan in New Direct Investment, Huge Potential

NDRC spokesperson Jiang Yi said on July 31 that institutions estimate the 15th Five-Year Plan period will bring RMB 4 trillion in new direct investment for computing power network construction. As corporate investment dominates, this creates significant opportunities for private capital. The NDRC will enhance planning and factor guarantees to foster a favorable environment for private investment.

Effective: +51
Intensity: 90
Confidence: 85%
Horizon: Long term

Macro3 Aug, 08:00positive

Central Government Rolls Out ‘Two Priorities, Six Networks’ Plan with Over 7 Trillion Yuan in 2026

China is accelerating major infrastructure construction under the ‘two priorities’ and ‘six networks’ plan, with 2026 investment estimated to exceed 7 trillion yuan. The Three Gorges New Waterway started construction in June, marking a landmark project. In the first half, internet services investment rose 39.9%, water transport 19.8%, power supply 19.4%, and air transport 11%, while private capital in water network projects surged 85.8%. Full-year ultra-long bonds of 800 billion yuan have been allocated, and projects are entering the peak construction season to translate policy into tangible progress.

Effective: +49
Intensity: 75
Confidence: 75%
Horizon: Medium term

Macro3 Aug, 19:32positive

Yangtze Delta Services Data for H1 2026: Shanghai Up 5.9%, Jiangsu and Zhejiang 5.5%, Anhui 5.2%

In the first half of 2026, services added value in the Yangtze River Delta grew steadily. Shanghai reached RMB 2.2154 trillion, up 5.9% year on year; Jiangsu RMB 3.8936 trillion, up 5.5%; Zhejiang RMB 2.8678 trillion, up 5.5%; and Anhui RMB 1.545 trillion, up 5.2%. Information technology and leasing services led growth, while provincial plans target expansion through 2030.

Effective: +45
Intensity: 70
Confidence: 80%
Horizon: Short term

Macro3 Aug, 23:00positive

China AI Startup Funding Tops RMB 300 Billion in H1 2026

In the first half of 2026, funding for Chinese AI startups exceeded RMB 300 billion, surpassing the full-year 2025 total, as venture capital activity rebounded. High-tech industry investment rose 4.6% year on year. Inno Fund held 10 investment committee meetings from March to July 2026, matching its 2025 count, but with more projects and capital deployed. Quantum technology companies report a surge in investor interest, with funds increasingly concentrated in AI, quantum computing and computing power.

Effective: +44
Intensity: 70
Confidence: 85%
Horizon: Medium term

Industries2

Industries28 Jul, 04:49positive

SoftBank Group builds US AI data centre; OpenAI considers tenancy and negotiates $250 billion Nvidia credit

SoftBank Group is building a large-scale AI data centre in the US state of Ohio, with construction set to start this year as part of a $500 billion Japan–US investment. OpenAI is considering a tenancy and is in discussions with Nvidia for a credit guarantee of roughly $250 billion (¥40 trillion) to sign a lease and cover facility-construction debt. The guarantee would make it easier for the unprofitable, privately held AI company to access bank financing.

Effective: +45
Intensity: 92
Confidence: 88%
Horizon: Medium term

Industries3 Aug, 18:07positive

China AI 2026: Large Model Market Exceeds RMB 70 Billion, Agent Market RMB 44.9 Billion, 72% Adoption

China's AI industry in 2026 shows robust growth: the large model market exceeded RMB 70 billion, enterprise agent market reached RMB 44.9 billion, and 72% of enterprises completed Agent pilots. Meanwhile, industrial AI adoption rose from 9.6% in 2024 to 47.5% in 2025, small models cut costs by 95% in specific scenarios, and 47% of organizations reported AI-related security incidents. These figures highlight rapid expansion alongside governance challenges.

Effective: +44
Intensity: 70
Confidence: 80%
Horizon: Short term

Companies1

Companies1 Aug, 12:32positive

Amazon Completes $50 Billion Investment in OpenAI for 5% Stake

Amazon has completed a $50 billion investment in OpenAI, securing an approximately 5% stake. The phased deal, disclosed in Amazon’s July 31 10-Q filing, comprised $15 billion in first-quarter 2026 Series C preferred shares, $13.7 billion in the second quarter, and a final $21.3 billion after the reporting period. The investment followed OpenAI and Microsoft renegotiating their cloud contract, allowing AWS to supply compute services. Amazon has also committed up to $33 billion to Anthropic, with $18 billion funded. OpenAI’s valuation is about $852 billion.

Effective: +49
Intensity: 80
Confidence: 85%
Horizon: Medium term